Latest News
01 Feb
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Sector movers: Miners and Big Pharma drag

Miners were again the main drag on the stock market on a mixed day for industrial metals' prices as traders waited on the Federal Reserve's interest rate decision and policy guidance on Wednesday evening.

01 Feb
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Thursday preview: BoE and ECB in focus

The Bank of England's monetary policy announcement was expected to be in the spotlight on Thursday.

01 Feb
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Fed raises rates by 25bp, says more hikes anticipated

The US central bank raised the range for its benchmark interest rate by 25 basis points to 4. 5-4. 75% and said it foresaw further hikes.

01 Feb
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Europe close: Stocks end mostly higher ahead of Fed decision

European shares got off to a mostly positive start in February, even as they waited on the Federal Reserve's interest rate announcement on Wednesday evening and the monthly non-farm payrolls report that was due out two days later.

01 Feb
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London close: FTSE dips ahead of Fed rate announcement

London stocks reversed earlier modest gains to end just lower on Wednesday as investors eyed a rate announcement from the US Federal Reserve.

01 Feb
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Broker tips: Hochschild Mining, SSP, Restore

Analysts at Berenberg slightly raised their target price on silver and gold miner Hochschild Mining from 90. 0p to 100. 0p on Wednesday as it incorporated higher production levels and lower-than-expected costs into its model following the group's fourth-quarter trading update earlier in the week.

01 Feb
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Director dealings: JD Wetherspoon chairman ups stake

JD Wetherspoon revealed on Wednesday that chairman Tim Martin had acquired 2. 6m ordinary shares in the FTSE 250-listed pub chain.

01 Feb
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Darktrace defends itself after QCM attack as saga rages on

The chief executive of Darktrace put out a statement on Wednesday defending the cyber security firm after it came attack under attack from a short seller earlier this week.

01 Feb
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FTSE 100 movers: Vodafone slumps; Entain rallies

London’s FTSE 100 was down 0. 3% at 7,747. 37 in afternoon trade on Wednesday.

01 Feb
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US factory sector activity shrinks more quickly than expected in January, ISM says

Factory sector activity in the US shrank more quickly than expected at the beginning of 2023, the results of a closely followed survey showed.

01 Feb
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US hiring slows in January impacted by extreme weather, ADP says

Hiring in the US private sector slowed significantly at the start of 2023, the results of a survey revealed.

01 Feb
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US open: Stocks lower as investors look ahead to Fed rate decision

Wall Street stocks were in the red early on Wednesday as market participants awaited the outcome of the FOMC's two-day policy meeting.

01 Feb
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US job openings jump in December

Labour demand in the States remained high at the end of 2022, a very closely followed survey showed.

01 Feb
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Hollywood's Chernin, France's FL Entertainment in talks over ITV Studios - report

Veteran Hollywood producer Peter Chernin and French TV production group FL Entertainment have reportedly expressed interest in UK broadcaster ITV’s Studios.

01 Feb
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US factory activity shrinks at the start of 2023, S&P Global says

The decline in US factory activity at the start of 2023 was a tad less than previously thought, revised results to a closely followed survey revealed.

01 Feb
FTSE 250 movers: Currys surges on upgrade

FTSE 250: 20,008. 10, +0. 78% at 1420 GMT.

01 Feb
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Investec upgrades Currys to ‘buy’, shares surge

Currys surged on Wednesday after Investec upgraded the shares to ‘buy’ from ‘hold’, saying the electricals retailer’s peak trading statement assuaged some of the concerns it had at the interims with regards market share declines, showing a "material" improvement in UK & Ireland margins.

01 Feb
Slug & Lettuce owner Stonegate to sell 1,000 pubs - report

Be At One and Slug & Lettuce owner Stonegate Pub Co. , which is owned by private equity firm TDR Capital, is reportedly planning to sell 1,000 of its pubs, or more than a fifth of the total, for an estimated £800m.

01 Feb
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OPEC+ keeps crude oil output quotas steady

The Organisation of Petroleum Exporting Countries and its main producer allies decided to keep their production quotas steady.

01 Feb
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Berenberg nudges up target price on Hochschild Mining

Analysts at Berenberg slightly raised their target price on silver and gold miner Hochschild Mining from 90. 0p to 100. 0p on Wednesday as it incorporated higher production levels and lower-than-expected costs into its model following the group's fourth-quarter trading update earlier in the week.

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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.