London’s stock markets closed in positive territory on Wednesday, buoyed by a global surge in stock prices as the S&P 500 neared an all-time high on Wall Street.
Shipping giant Maersk on Wednesday said it would operate several dozen container vessels via the Suez Canal and the Red Sea in the coming days and weeks despite recent attacks on vessels by Yemen's Houthi militant group.
European shares rallied at midday on Wednesday on the back of a strong Wall Street session overnight, strong data from China and hopes the US Federal Reserve will start to cut rates earlier in the new year.
European shares closed higher on Wednesday as US shares continued to rally amid hopes the US Federal Reserve will start to cut rates earlier in the new year.
PPHE Hotel Group revealed on Wednesday that chief executive Boris Ivesha had acquired 4. 63m ordinary shares in the London-listed international hospitality company.
Wall Street stocks were mixed at the opening bell on Wednesday as the S&P 500 neared an all-time high.
Technology investor Tern announced on Wednesday that Device Authority, in which it held a 53. 8% shareholding as of 21 November, has secured a series B fundraising round to raise up to $7m in new equity investment.
Horizonte Minerals announced an interim funding agreement amounting to $20m on Wednesday, aimed at bolstering its financial position as it progressed toward securing a comprehensive funding solution.
Cellular agriculture investor Agronomics reported a 14% increase in its net asset value per share in its final results on Wednesday, standing at 16. 94p on 30 June.
Britain's spring budget statement will be delivered on March 6, the Treasury announced on Wednesday, amid suggestions the government may axe inheritance tax in an attempt to narrow a large opinion poll deficit ahead of a General Election which must be called by January 2025.
WH Ireland reported first-half revenue of £10. 7m on Wednesday, down from £14. 3m year-on-year.
Capricorn Energy updated the market on Wednesday, after Woodside Petroleum announced the departure of the floating production, storage and offloading (FPSO) vessel from Singapore for the Sangomar field development, offshore Senegal.
Wall Street futures were slightly lower ahead of the opening bell on Wednesday as the S&P 500 neared an all-time high.
US mortgage applications dropped 1. 5% in the week ended 15 December, according to the Mortgage Bankers Association, halting a six-week run of increases.
London's equity markets were still above the waterline at lunchtime on Wednesday, following a late Santa rally on Wall Street overnight.
Aviva is expecting an additional £80m in proceeds from the sale of its stake in Singapore Life Holdings (Singlife) to Sumitomo Life, it announced on Wednesday.
Boxing Day foot traffic saw a slight uptick this year, with a 1. 4% increase in the number of shoppers compared to the previous year, according to preliminary data from MRI Software.
China's industrial profits experienced a substantial boost in November, with a double-digit increase of 29. 5%, following a much more modest 2. 7% rise in October.
Asian markets displayed a mixed performance on Wednesday as trading resumed after the Christmas break.
European shares crept ahead at the open on Wednesday on the back of a Wall Street and strong data from China.
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.