Latest News
18 Jan
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Sector movers: Automobiles drag on stocks, miners track copper higher

Automobiles paced losses on the stock market in the middle of the week after TI Fluid Systems warned that its fourth quarter revenues took a hit from Covid restrictions and a switch to electric vehicles in China.

18 Jan
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Thursday preview: US data, Fedspeak in focus

The market spotlight on Thursday was expected to continue to be on US and the Federal Reserve.

18 Jan
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Europe close: Stocks end mixed after soft US data, hawkish Fed talk

European shares finished on a mixed note on Wednesday as investors on Wall Street reacted poorly to a batch of weaker-than-expected economic data in the US.

18 Jan
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London close: Inflation data pulls consumer stocks lower

London stocks ended Wednesday trading in negative territory, as investors mulled the latest UK inflation data.

18 Jan
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US tech layoffs running at highest level since 2015, Challenger says

Layoff announcements among US technology firms reached their highest monthly level for seven years following Microsoft's announcement earlier in the day that it would shed 10,000 employees, a top staffing agency said.

18 Jan
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Broker tips: Genel Energy, Kenmare Resources

Analysts at Canaccord Genuity slightly lowered their target price on oil company Genel Energy from 180. 0p to 170. 0p on Wednesday following the group's trading update.

18 Jan
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Fed's Bullard argues in favour of continuing 'rapid' rate hikes

A top US central bank official argued in favour of hiking interest rates by 50 basis points at its next meeting to ensure that inflation would fall back to the monetary authority's 2. 0% target.

18 Jan
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Harbour Energy reviewing organisation in UK, cites windfall tax

Oil and gas company Harbour Energy confirmed on Wednesday that it is reviewing its organisation in the UK following a hike in the windfall tax last year.

18 Jan
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Director dealings: Hikma Pharmaceuticals director snaps up shares

Hikma Pharmaceuticals revealed on Wednesday that non-executive director Deneen Vojta had acquired 1,000 ordinary shares in the FTSE 250-listed drugmaker.

18 Jan
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FTSE 100 movers: Ocado recovers; Burberry on the rise

London’s FTSE 100 was down 0. 2% at 7,832. 18 in afternoon trade on Wednesday.

18 Jan
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Cazoo to slash jobs, founder steps down as car trader hit by sales slump

UK online car retailer Cazoo is slashing more jobs and closing customer service centres in response to a fall in sales, with founder Alex Chesterman stepping down as chief executive.

18 Jan
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Monthly US retail sales miss forecasts by wide margin

US retail sales softened by much more than expected towards the end of the previous year.

18 Jan
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H&T Group reports strong fourth-quarter performance

Pawnbroker and jewellery retailer H&T Group said in an update on Wednesday that its trading performance remained strong through the fourth quarter of 2022, continuing the momentum seen across the business throughout the year.

18 Jan
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Unexpected weakness in US industrial production as business equipment output falls

Industrial output weakened noticeably at the tail-end of 2022 as production of business equipment fell sharply.

18 Jan
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US open: Stocks mixed as traders digest multiple data points

Wall Street trading got off to a mixed start on Wednesday as traders digested some key economic data.

18 Jan
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TI Fluid shares plunge on China market warning

Shares in TI Fluid Systems fell sharply on Wednesday as the company said sales in China had been hit in the fourth quarter due to Covid restrictions and a switch to electric vehicles in the country.

18 Jan
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US homebuilder confidence may have hit bottom in December, NAHB says

Homebuilder confidence in the US may have hit bottom at the end of the previous year thanks to a "modest" decline in interest rates, a leading business lobby group said.

18 Jan
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Crimson Tide describes year of 'good progress'

Crimson Tide described a year of “good progress” in a trading update on Wednesday, with annualised recurring revenue now at record levels.

18 Jan
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Engage XR revenues set to rise as losses widen

Metaverse technology company Engage XR said in an update on Wednesday that its total revenue for 2022 was expected to be €3. 9m, an increase of 63% year-on-year.

18 Jan
FTSE 250 movers: Currys in favour; TI Fluid hits the brakes

FTSE 250: 19,973. 30, +0. 13% at 1500 GMT.

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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.