Latest News
FTSE 250 movers: Wood up on bid rebuff; Renishaw slides after downgrade
FTSE 250 (MCX) 20,424. 70 0. 06%.
US open: Stocks mixed as earnings take centre stage
Wall Street stocks were in the red early on Wednesday as corporate earnings continued to dominate markets.
UK's CMA to investigate GXO's acquisition of Wincanton
The UK’s Competition and Markets Authority said on Wednesday that it was launching an investigation into GXO Logistics’ £762m acquisition of Wincanton, which completed at the end of last month.
Shell sells Singapore refinery to Glencore joint venture
Energy giant Shell has announced that it is selling its interest in Singapore's Energy and Chemicals Park, the company's largest petrochemical production and export centre in Asia Pacific.
Uber shares fall on first-quarter update
Shares in Uber Technologies fell sharply on Wednesday, after quarterly numbers disappointed.
Mike Ashley's Fraser close to tie-up with Ted Baker - report
Mike Ashley is reportedly close to securing a deal to become the new British partner of struggling UK fashion chain Ted Baker.
Puma sales inch higher on DTC surge
Puma's share price rose strongly on Wednesday after the sporting goods manufacturer delivered an in-line first-quarter performance, with surging direct-to-consumer (DTC) sales making up for weakness in wholesale, as the company reiterated its growth guidance for the full year.
Wood Group surges after rejecting £1.4bn takeover proposal from Sidara
Wood Group surged on Wednesday after saying it had rejected a 205p a share takeover proposal from Dubai-based engineering and consulting company Sidara, valuing it at more than £1. 4bn.
BNP Paribas searching for buyer for Strutt and Parker - report
BNP Paribas is reportedly looking for a buyer for Strutt and Parker, having bought the upmarket UK estate agent seven years ago.
AFC Energy chooses Illuming Power as manufacturing partner
Hydrogen power generation technology specialist AFC Energy announced the selection of North American manufacturer Illuming Power as its primary producer of fuel cell plates and stacks for its ‘S Series’ air-cooled platform.
Berenberg raises target price on Frontier Developments
Analysts at Berenberg hiked their target price on video game business Frontier Developments from 170. 0p to 300. 0p on Wednesday, stating the group's strategy was "showing signs of promise".
Higher costs weigh on earnings at BMW
Shares in Germany’s BMW Group came under pressure on Wednesday, after higher manufacturing costs weighed on quarterly earnings.
TSB to cut jobs, close branches
British high street lender TSB is to cut more than 200 jobs and close branches, it was confirmed on Wednesday.
PetroTal to acquire 100% interest in Peru's Block 131
PetroTal announced the signing of a definitive agreement to acquire a 100% working interest in Block 131 in Peru on Wednesday, including the producing Los Angeles field, through the acquisition of CEPSA Peruana.
Acuity RM enters partnership with BSI Group
Software company Acuity RM announced a significant partnership between its subsidiary Acuity Risk Management (ARML) and BSI Group on Wednesday.
US pre-open: Futures trade lower as Q1 earnings season continues
Wall Street futures were in the red ahead of the bell on Wednesday after the Dow Jones registered its fifth-straight winning session.
Butterfield out, Sedgwick in as Alliance Pharma CEO
Alliance Pharma announced a significant leadership transition on Wednesday, with chief executive Peter Butterfield stepping down from his role to pursue other business interests.
Toyota projects fall in profits after bumper fourth quarter
Toyota Motor projected a 20% decrease in profit for the current financial year on Wednesday, as it planned large investments in both suppliers and strategic initiatives after a strong fourth-quarter performance.
Andrews Sykes profit rises, revenue falls
Shares in Andrews Sykes Group were in the green on Wednesday, after it reported a mixed set of results for the 2023 financial year.
Europe midday: Investors shrug off German data; DAX and FTSE march on
European shares extended gains at midday on Wednesday amid another dump of corporate earnings and a smaller-than-expected fall in German industrial output.