The UK house market continued to falter last month, industry research showed on Thursday, as prices and sales both fell in response to higher mortgage costs.
London stocks were up again on Wednesday, having hit a fresh all-time high at one point, as investors welcomed less hawkish than feared comments from US Federal Reserve chair Jerome Powell overnight.
European shares were mostly higher, apparently taking their cue from a rally on Wall Street the day before after less-hawkish-than anticipated comments from US Federal Reserve chief Jerome Powell.
All eyes on Thursday would be on the latest weekly unemployment claims figures in the US.
Interest rate sensitive Telecommunications and Home Construction paced gains on Wednesday as investors continued to mull the outlook for interest rates in 2023.
Barclays hiked its price target on BP to 1,000. 0p from 700. 0p on Wednesday following the oil giant's results a day earlier.
The Federal Reserve has its work cut out for it in bringing supply and demand into balance, a top official said.
London’s FTSE 100 was up 0. 4% at 7,895. 62 in afternoon trade on Wednesday.
Mothercare revealed on Wednesday that non-executive director, Mark Newton-Jones had acquired 604,789 ordinary shares in the London-listed retailer.
Britain's competition regulator has said Microsoft’s planned acquisition of Activision Blizzard would reduce choice for gaming consumers who use competing Xbox and Sony Playstation consoles.
FTSE 250: 20,457. 50, +1. 33% at 1447 GMT.
Wall Street stocks were were in the red early on Wednesday as market participants digested comments from the head of the central bank and thumbed over more corporate earnings.
Anglo American said on Wednesday that it has agreed to buy a 9. 9% minority interest in Canada Nickel, which owns the Crawford nickel project in Ontario, for an undisclosed sum.
UK housebuilder Barratt cut its dividend as the housing market started to cool down in response to rising interest rates and mortgage costs.
Next said on Wednesday that it has appointed Jeremy Stakol as non-executive director, putting him in charge of boosting the clothing and homeware retailer's online sales.
Shipping giant AP Moller-Maersk issued a profit warning on Wednesday due to a slump in container volumes and freight rates.
Wall Street futures were mostly in the red ahead of the bell as market participants looked ahead to a number of speeches from Federal Reserve officials and continued to digest comments from the head of the central bank.
US pharmacy chain CVS Health said on Wednesday that it has agreed to buy Oak Street Health in a $10. 6bn all-cash deal.
European shares extended gains on Wednesday, taking their cue from a rally on Wall Street after less-hawkish-than anticipated comments from US Federal Reserve chief Jerome Powell.
Drax Group has insisted that the UK’s electricity supply will not be affected after workers voted in favour of industrial action.
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