Latest News
Broker tips: Unilever, Johnson Matthey
Analysts at Berenberg raised their target price on consumer goods giant Unilever from £36. 50 to £38 per share on Wednesday following a "big" first-quarter beat for the firm.
US close: Dow adds over 900 points as Fed hikes rates
Wall Street stocks closed sharply higher on Wednesday, after the Federal Reserve confirmed the first 50-basis point rate hike in more than two decades.
Mondi reports bumper Q1 operating earnings, set to divest Russian ops
Mondi reported a bumper first quarter with good demand across its business lines and higher average selling prices offsetting continued cost pressures.
Fed tightens a bit more than expected but balks at faster rate hikes
The Federal Reserve followed through on its recently accelerated timeline for tightening policy but indicated that even faster rate hikes were unlikely.
Europe close: Shares end lower ahead of Fed meeting
European markets fell back on Wednesday as investors opted to take some money off the table ahead of a monetary policy decision by the US Federal Reserve scheduled for later in the day.
Ocado shareholders revolt over CEO bonus plan
Just under 30% of Ocado shareholders voted against its directors’ policy pay at the annual general meeting on Wednesday.
US services sector activity slips in Aoril amid supply chain issues, labour shortages
Activity in America's services sector cooled a tad last month, contrary to market expectations, the results of a closely-followed survey revealed.
London close: Stocks down ahead of key Fed rate decision
London stocks closed in negative territory on Wednesday, as investors held their collective breath ahead of the latest policy announcement from the US Federal Reserve.
FTSE 250 movers: Direct Line slides; Johnson Matthey lifted by upgrade
London’s FTSE 250 was down 1. 4% at 20,232. 74 in afternoon trade on Wednesday.
FTSE 100 movers: Kingfisher slumps; Flutter flies higher
London’s FTSE 100 was down 0. 5% at 7,527. 48 in afternoon trade on Wednesday.
US open: Mixed start to trading ahead of Fed rate decision
Wall Street trading got off to a mixed start on Wednesday ahead of the Federal Reserve's hotly-anticipated interest rate decision.
Director dealings: Litigation Capital chair invests, Drax CEO sells shares
Litigation Capital Management was on the buying side of things on Wednesday, after its chairman spent more than £0. 1m on a share purchase.
Revenues surge at Uber as ride-hailing arm rebounds
Uber Technologies saw bookings rebound in the first quarter, the US firm said on Wednesday, but losses widened sharply.
US foreign trade deficit soars in March
America's shortfall on trade with the rest of the world ballooned at the end of the first quarter amid a surge in purchases from overseas.
US private sector adds fewer jobs than expected in April
Private sector employment in the US rose less than expected in April, according to the latest data from ADP.
Berenberg raises target price on Unilever
Analysts at Berenberg raised their target price on consumer goods giant Unilever from £36. 50 to £38 per share on Wednesday following a "big" first-quarter beat for the firm.
Kitwave ahead of expectations after strong first half
Independent wholesaler Kitwave reported a “strong” first half financial performance in a trading update on Wednesday, with all divisions now trading at pre-pandemic levels or higher.
Malvern revenue rises as post-Covid recovery continues
Education services provider Malvern International reported a 27% improvement in revenue in its final results on Wednesday, to £2. 42m.
Sunrise reports positive industry interest in pozzolan project
Sunrise Resources updated the market on its CS Natural Pozzolan-Perlite Project on Wednesday, following its chairman's recent visit to the United States, reporting that meetings had been held with multiple parties, including existing and new interested parties.
Eurozone retail sales fall in March
Eurozone retail sales softened in March, official data showed on Wednesday, missing forecasts.
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