News

LONDON MARKET CLOSE: Blue chips in favour ahead of likely BoE rate cut
The Bank of England is expected to maintain its quarterly pace of interest rate cuts so far in 2025 with a further quarter-point reduction on Thursday, as it maintains a balance between the trade-off ...
Ferrexpo swings to loss as production falls on VAT refund suspension
The Ukrainian tax authorities in March decided to suspend refunds of VAT at its two main operating subsidiaries, Ferrexpo Poltava Mining and Ferrexpo Yeristovo Mining. This resulted in lower liquidity ...
UK PM defends handling of economy but declines to rule out tax hikes
It comes after experts said weaker-than-expected recent economic activity, U-turns on welfare cuts and forecast-beating borrowing mean Reeves is on track to miss one of her fiscal rules by GBP41.2 ...
LONDON BRIEFING: Glencore loss widens; TP ICAP touts record revenue
In early corporate news, Glencore reports a widened interim loss, while TP ICAP reports "record" revenue for its first half. Here is what you need to know before the London market open: FTSE 100: ...
SMALL-CAP WINNERS & LOSERS: Videndum loss widens on tariff uncertainty
The Baar, Switzerland-based iron ore producer in Ukraine swings to a pretax loss of USD186.9 million in the six months to June 30 from a USD75.7 million profit the year before, as revenue declines 17% ...
Glencore interim loss worsens amid mounting costs and low coal prices
(Alliance News) - Glencore PLC on Wednesday revealed a wider interim loss, as the miner and commodities trader battled against rising costs, while grappling with weaker coal prices and lower copper ...
London pre-open: Stocks set for more gains; Glencore, L&G in focus
(Sharecast News) - London stocks were set for more gains on Wednesday as investors braced for another slew of earnings. The FTSE 100 was called to open around 50 points higher, having closed up 0.2% ...
CORRECT: LONDON MARKET CLOSE: BP fuels FTSE but US data tempers gains
The Cboe UK 100 ended up 0.1% at 913.38, the Cboe UK 250 rose 0.2% to 19,267.71, and the Cboe Small Companies closed down 0.1% at 17,322.85. Well received earnings provided a lift in London with index ...
LONDON BROKER RATINGS: Kepler cuts Weir; Goldman Sachs raises Lloyds
Jefferies raises British American Tobacco price target to 5,200 (4,800) pence - 'buy' Citigroup raises InterContinental Hotels price target to 7,900 (7,800) pence - 'sell' UBS raises St James's Place ...
Gran Tierra Energy buys two new assets in Ecuador for USD15.6 million
(Alliance News) - Gran Tierra Energy Inc said its subsidiaries have agreed to buy all of GeoPark Ecuador SA's and Frontera Energy Colombia Corp Sucursal Ecuador's interests in the Perico and Espejo ...
BP plans fresh business review as second quarter profit tops forecast
BP reported pretax profit of USD2.88 billion for the second quarter that ended June 30, falling 8.0% from USD3.13 billion in the first quarter, but up 19% from USD2.43 billion the year before. For the ...
XP Power shares jump as it eyes recovery despite swing to loss
(Alliance News) - XP Power Ltd on Tuesday said it swung to a loss as revenue fell in the first half of the year, but said it has seen "clear signs of improvement in market conditions". In response, ...