Latest News
07 Mar
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Wednesday preview: US jobs data, Darktrace in the spotlight

All eyes in the middle of the week would be on two closely followed reports of US labour market strength for the month of February.

07 Mar
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Europe close: Stocks slip as Fed's Powell sounds more hawkish note than expected

European stocks fell after US Federal Reserve Chair Jerome Powell left the door open to faster rate hikes in his testimony before Congress and following weak Chinese foreign trade data.

07 Mar
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Ferrexpo says no intention of transferring shareholding in Swiss subsidiary

Ferrexpo said on Tuesday that it has no intention of transferring its shareholding in Swiss subsidiary Ferrexpo AG.

07 Mar
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Physiomics confident despite weaker first half

Oncology consultancy firm Physiomics reported revenue of £0. 34m in its first half on Tuesday - a slight decrease from the £0. 37m reported in the same period a year earlier.

07 Mar
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Broker tips: Melrose, Rathbones Brothers, Saietta

Bank of America Merrill Lynch upgraded Melrose to 'buy' from 'neutral' on Tuesday and lifted its price target on the stock to 181. 0p from 160. 0p.

07 Mar
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London close: Stocks turn red on Powell's hawkish comments

London stocks closed in the red on Tuesday, as investors turned their attention to the testimony of US Federal Reserve chair Jerome Powell before Congress.

07 Mar
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Hercules Site Services wins excavation deal with Amey Highways

Hercules Site Services announced a new partnership agreement with Amey Highways on Tuesday, which will see Hercules become the sole supplier of suction excavator services for the National Highways Area 7 contract in the East Midlands.

07 Mar
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Sector movers: Miners drag as US dollar jumps after Powell speech

Miners were again the main drag on the stock market on Tuesday after the head of the US Federal Reserve, Jerome Powell, left the door open to a reacceleration in the pace of interest rate hikes from 25 basis points per meeting back to 50bp.

07 Mar
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Calnex shares slide as it warns of global slowdown

Telecommunications testing and measurement technology specialist Calnex Solutions issued a warning on its financial performance on Tuesday, amid global macroeconomic concerns.

07 Mar
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Profits rise as demand grows for pawnbroker H&T

Pawnbroker and jewellery retailer H&T Group reported a profit before tax of £19m in its preliminary results for 2022 on Tuesday, up from £10m in 2021, supported by strong performance across its business segments.

07 Mar
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Caspian Sunrise agrees first major hire of Explorer rig

Caspian Sunrise announced the signing a contract chartering the Caspian Explorer, its bespoke drilling vessel, to the Isatay Operating Company on Tuesday, for a well set to be drilled in summer 2024.

07 Mar
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Duke Royalty inks financing deal with its 20th partner

Duke Royalty announced an $8. 75m royalty financing agreement with Instor Solutions on Tuesday, to support a shareholder buyout intended to transition equity control to the current executive management team, led by the CEO.

07 Mar
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Ariana Resources increases stake in Venus ahead of IPO

Gold explorer and developer Ariana Resources announced on Tuesday that it will increase its stake in Venus Minerals, ahead of the latter's planned listing on the London Stock Exchange.

07 Mar
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Director dealings: Civitas Social Housing director snaps up shares

Civitas Social Housing revealed on Tuesday that non-executive director Alison Hadden had acquired 31,937 ordinary shares in the London-listed investment trust.

07 Mar
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Fed's Powell tells Senate 50bp rate hikes possible - if needed

The head of the Federal Reserve kept the door open to larger rate hikes - if needed - while pointing out that recent economic data had been stronger than expected.

07 Mar
BoE's Mann warns on risk of 'greedflation' as firms exploit price rises to hold margins

Bank of England policymaker Catherine Mann on Tuesday said she was concerned UK companies could be using the cost of living crisis to hide price increases, known as “greedflation”.

07 Mar
Reach shares fall as CEO warns on tough 2023

Shares in Daily Mirror publisher Reach fell more than 5% in early London trade after the newspaper group warned that economic headwinds would persist into the current fiscal year.

07 Mar
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US wholesale inventories fall 0.4% in January

Wholesale inventories decreased 0. 40% month-on-month in January, in line with analysts' estimates.

07 Mar
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US pre-open: Stocks mixed ahead of Powell testimony

Wall Street trading got off to a mixed start on Tuesday as market participants patiently awaited testimony from Federal Reserve chairman Jerome Powell.

07 Mar
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BofA Merrill Lynch upgrades Melrose to 'buy'

Bank of America Merrill Lynch upgraded Melrose on Tuesday to ‘buy’ from ‘neutral’ and lifted the price target to 181p from 160p.

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

 

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.