Latest News
04 Jul
Wednesday newspaper round-up: Shein, BNPL, Marks & Spencer

Chinese fashion behemoth Shein might be the organisation least expected to win applause at an international conference on fashion sustainability, but that’s what happened at this week’s global fashion summit in Copenhagen. The industry’s largest forum for sustainable progress saw the ultra-fast fashion brand praised for making a donation of $15m (£12m) over three years to a charity working at Kantamanto in Accra, the world’s largest secondhand clothing market.

09 Jun
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House buyer demand falls in May as prices rise further

Demand from prospective house buyers fell in May as rising interest rates and the cost-of-living crisis gave potential purchasers pause, even though house prices were still expected to rise in the short term, according to industry data released on Thursday.

08 Jun
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US close: Dow Jones reverses previous session's gains

Wall Street stocks closed lower on Wednesday after two straight positive sessions for major indices.

08 Jun
Europe close: Stocks slip as OECD warns on costs of war in Ukraine

European stocks extended losses on Wednesday after the Organisation for Economic Cooperation and Development warned of the economic costs for the world economy of Russia's invasion of Ukraine.

08 Jun
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Musk's efforts to finance Twitter acquisition on hold amid spat with takeover target

Elon Musk's funding efforts for his attempted takeover of Twitter are being stymied by the uncertainty around whether the deal will finally go through.

08 Jun
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London close: Stocks still red amid renewed growth concerns

London stocks remained below the waterline by the close on Wednesday, amid concerns about rising inflation and slowing economic growth.

08 Jun
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Broker tips: Chemring, Standard Chartered

Analysts at Berenberg raised their target price on technology products and services group Chemring from 360. 0p to 420. 0p on Wednesday, stating the firm's "strong" first-half performance had highlighted underlying momentum.

08 Jun
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UK growth to be slowest in developed world, says OECD

The UK is set to experience the slowest growth in the developed world next year, according to the Organisation for Economic Co-operation and Development (OECD).

08 Jun
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Thursday preview: British American Tobacco in the spotlight

All eyes on Thursday will be on the European Central Bank's monetary policy decision.

08 Jun
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US open: Dow Jones heads south at the bell

Wall Street stocks were in the red early on Wednesday after two straight positive sessions for major indices.

08 Jun
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Citi and RBC upbeat on Melrose after fresh guidance for aerospace

Analysts at Citi reiterated their 'buy' recommendation for shares of Melrose on the back of the company's update guidance ahead of its Aerospace Capital Markets Day.

08 Jun
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FTSE 100 movers: Melrose Industries rallies; Airtel Africa slumps

London’s FTSE 100 was down 0. 6% at 7,556. 82 in afternoon trade on Wednesday.

08 Jun
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FTSE 250 movers: Wizz Air plummets after profit warning

The FTSE 250 was down 0. 35% at 20,327. 73 at 1407 BST.

08 Jun
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Jefferies sees StanChart announcing share buy-back reload alongside Q2 results

Analysts at Jefferies reiterated their 'buy' recommendation for shares of StanChart, highlighting the potential now for the lender to re-load its buy-back programme for the second quarter.

08 Jun
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Wizz Air warns of Q1 loss as costs outpace summer demand

Low-cost airline Wizz Air said it expected to make a first-quarter loss despite strong summer demand as it deployed extra resources to minimise disruption due to staff shortages and supply chain issues.

08 Jun
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Director dealings: Senior board member buys £26k of Kingfisher shares

B&Q owner Kingfisher was on the list of buys on Wednesday, after its senior independent director spent more than £26k on shares.

08 Jun
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Heathrow boss warns travel chaos 'could last 18 months'

Disruption at UK airports could continue for another 18 months due to the post-Covid pandemic staffing crisis, the chief executive of Heathrow said on Wednesday.

08 Jun
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Zinnwald reports progress on wholly-owned lithium project

Germany-focussed lithium developer Zinnwald updated the market on its operations on Wednesday, as it advanced its wholly-owned Zinnwald Lithium Project.

08 Jun
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Nexus Infrastructure confident after first-half revenue growth

Sustainable infrastructure company Nexus reported first-half group revenue of £80. 3m in its interim results on Wednesday, up from £63. 7m year-on-year.

08 Jun
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Xeros progressing towards delayed India consumer launch

Sustainability-focussed laundry technology developer Xeros updated the market on the upcoming India domestic market launch of the first Xeros-enabled domestic washing machine on Wednesday, by IFB Industries.

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Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.