The market spotlight will shift back to the U. K. on Thursday, where the Bank of England's policymakers will meet to decide on rates.
US stocks surged on Wednesday after the Federal Reserve opened the door to three interest-rate cuts in 2024, with the Dow Jones Industrial Average finishing at its highest closing level in history.
Policymakers at the Federal Reserve chose to keep interest rates unchanged for the third straight meeting and hinted at the possibility of monetary loosening in 2024 with inflation slowing more than expected.
London markets remained in positive territory by the close of Wednesday after weak UK GDP data led investors to anticipate a potential rate cut from the Bank of England.
Shares in Pfizer slumped on Wednesday as the US drugs giant said annual revenue and profit would come in below expectations.
Advertising and media group WPP's share price was weighed down on Wednesday by a ratings cut by JP Morgan from 'overweight' to 'neutral' and slashed its target price for the stock from 1,170. 0p to just 850. 0p.
McBride revealed on Wednesday that non-executive director Alastair Murray had purchased 37,500 ordinary shares in the London-listed household goods retailer.
London’s FTSE 100 was up 0. 2% at 7,557. 68 in afternoon trade on Wednesday.
FTSE 250: 18,710. 33, +0. 26% .
Wall Street stocks were in the green early on Wednesday as traders came to terms with the Federal Reserve's latest interest rate decision.
Intellectual property commercialisation specialist Frontier IP Group announced on Wednesday that its portfolio company, The Vaccine Group (TVG), had appointed an advisory board to facilitate the expansion of its herpesvirus-based vaccine platform.
Life sciences company Ondine Biomedical has successfully raised CAD 4. 91m ($3. 62m), it announced on Wednesday, bolstering its efforts to commercialise its photodisinfection technology aimed at reducing healthcare-associated infections (HAIs).
Good Energy announced on Wednesday that its EV charging point mapping subsidiary Zapmap had introduced charge point mapping services in mainland Europe.
Intellectual property investor Tekcapital updated the market on its portfolio company Innovative Eyewear on Wednesday after the latter unveiled a significant update to the Lucyd app for Android.
Creo Medical Group announced a significant milestone for its Speedboat UltraSlim medical device in the field of surgical endoscopy on Wednesday.
Wishbone Gold updated the market on its ongoing diamond drill programme on Wednesday at the Cottesloe project in the Paterson Range of Western Australia.
Vanadium producer Bushveld Minerals said in an update on Wednesday that it was implementing strategic cost-cutting measures to ensure long-term competitiveness and financial stability, while also right-sizing its head office staff to align with a renewed focus on core operational assets.
Wholesale prices in the States were held in check last month by a drop in energy costs.
Apollo Global Management is reportedly considering a £5bn takeover of Pension Insurance Corporation, one of the City's biggest specialist insurers.
Driver monitoring technology specialist Seeing Machines updated the market on Wednesday, on an announcement from the US National Highway Traffic Safety Administration (NHTSA).
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