European stocks continued their surge at midday on Wednesday, driven by hopes that peace talks to end the Ukraine war were making positive progress as investors also eyed a meeting of the US Federal Reserve for an interest rate rise.
Automobile & Parts continued to be buffeted by the headlines coming out of Ukraine, although in this case to the upside.
The US central bank hiked interest rates as expected and said it was now clear that rates needed to be raised and that balance sheet run-off should begin.
Financial markets' attention on Thursday will be on the Bank of England, even as investors keep a wary eye trained on events in Ukraine.
European stocks surged on Wednesday and finished near their best levels of the session on hopes that peace talks to end the Ukraine war would succeed, even as investors also eyed a meeting of the US Federal Reserve for an interest rate rise.
London stocks closed in positive territory on Wednesday, after a solid Asia session boosted sentiment earlier, as investors eyed the latest policy announcement from the US Federal Reserve.
Africa-focussed mining firm Endeavour Mining revealed on Wednesday that it had tapped Srinivasan Venkatakrishnan to take over as chairman, effective 24 May.
London’s FTSE 250 was up 3. 1% at 20,893. 03 in afternoon trade on Wednesday.
RBC Capital Markets initiated coverage of medical products manufacturer Smith & Nephew at 'outperform' on Wednesday with a 1,700. 0p price target.
London’s FTSE 100 was up 1. 5% at 7,283. 22 in afternoon trade on Wednesday.
Wall Street stocks were firmly in the green early on Wednesday as market participants awaited the Federal Reserve's latest policy decision with bated breath and digested news that an end to the Russia-Ukraine conflict may be on the horizon.
Prudential disclosed two purchases made by non-executive directors on Wednesday, landing itself on the list of director buys.
UK gas and infrastructure operator IOG announced first gas from the Elgood field in the southern North Sea on Wednesday - part of the first phase of its Saturn Banks Project.
Oilfield services provider Petrofac surged on Wednesday after Abu Dhabi National Oil Company (ADNOC) lifted a suspension on the company that prevented it from competing for new contracts.
Russia and Ukraine have drawn up a neutrality plan to end the war after making significant progress, including on a cease-fire and the withdrawal of Russian troops.
The Competition and Markets Authority has cleared Sony Music’s $430m acquisition of independent record label AWAL.
Russia is poised to default on its debts for the first time since the 1990s, it was reported on Wednesday, as economic and financial sanctions began to bite.
North America-focussed developer Bradda Head Lithium has received conditional permission to begin a drilling programme at its Eureka project in Nevada, it announced on Wednesday.
Fishing tackle and equipment retailer Angling Direct announced on Wednesday that its new European distribution centre was now fully operational, and shipping to customers across the European Union.
West Africa-focussed Cora Gold announced on Wednesday that resource drilling had now started at its Sanankoro Gold Project in southern Mali.
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