Investors' focus on Thursday would be on another raft of US economic data.
London’s stock markets saw an impressive rise on Wednesday, with housebuilders surging after a decrease in consumer price inflation, lessening the burden on the Bank of England to continue with rate hikes.
Podcast producer and distributor Audioboom was among those on the list of director buys on Wednesday, after it made two disclosures.
Goldman Sachs upgraded its stance on Aston Martin Lagonda on Wednesday to ‘buy’ from ‘neutral’ as it argued that new products pave the way for a turnaround in fortunes.
Stocks in the US were again trading on the front foot despite the release of weaker-than-expected second quarter earnings out of Goldman Sachs.
Housebuilders were in favour as UK data showed a bigger-than-expected decline in consumer price inflation, easing pressure on the Bank of England to keep hiking rates.
London’s FTSE 100 was up 2. 1% at 7,610. 03 in afternoon trade on Wednesday.
Goldman Sachs Group released its second-quarter earnings on Wednesday, becoming the only one of America’s six big banks to miss profit forecasts as it fell below the lowered expectations set by Wall Street analysts.
Jaguar Land Rover owner Tata Group is to invest £4bn to build an electric car battery gigafactory in the UK, te company said on Wednesday.
Ariana Resources updated the market on construction progress at the Tavsan Mine on Wednesday, announcing that construction activities had been given the green light to resume following a ruling by the Kütahya Administrative Court in favour of the operator, Zenit.
Fuel, food and feed specialist NWF Group announced a fresh acquisition in its fuels division on Wednesday, acquiring the trade and assets of Geoff Boorman Fuels in its second fuels acquisition within the last year.
The Competition and Markets Authority said on Wednesday that it has provisionally cleared chip maker Broadcom’s $69bn (£53. 4bn) proposed takeover of VMware.
Berenberg initiated coverage of recycling and waste management services company Renewi on Wednesday with a ‘buy’ rating and 710p price target.
US stock futures pointed to a flat to marginally firmer open on Wall Street on Wednesday as investors eyed earnings from the likes of Goldman Sachs, Tesla and Netflix.
London stocks had extended gains by midday on Wednesday, with housebuilders on the rise after data showed a bigger-than-expected decline in consumer price inflation, easing pressure on the Bank of England to keep hiking rates.
European shares eased off morning highs on Wednesday, but were still higher as UK inflation fell further than expected, sending property and housebuilding stocks higher on hopes of a halt to interest rate rises.
Growth in UK house prices slowed in May, according to data released on Wednesday.
National Grid has sold a further 20% of its UK National Gas transmission and metering business to the existing majority owners, a consortium of investors led by Macquarie Asset Management, for around £700m.
Digital compliance content and technology provider Skillcast reported positive trading in a first-half update on Wednesday, saying it expected to report revenue of £5. 2m for the period, making for a 16% increase compared to the same period last year.
Eurozone annual inflation was confirmed at 5. 5% in June from 6. 1% in May, final official data from Eurostat showed Wednesday.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news 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.