Inflation news boosts miners and weighs on retailers, while Tesco’s results are overshadowed by earnings warning

“The latest UK inflation figure makes for ugly reading, but it shouldn’t really be a shock to the markets. If anything, inflation could get...

Wed, 13/04/2022 - 10:28


TOP NEWS: Oxford Instruments rises on results ahead of expectations

Oxford Instruments PLC shares rose on Wednesday after the FTSE 250 firm said that it expects revenue and adjusted operating profit for financial 2022 to...

Wed, 13/04/2022 - 10:13


LONDON BROKER RATINGS: Deutsche cuts Ferguson; JPMorgan low on LandSec

The following London-listed shares received analyst recommendations Wednesday morning and Tuesday afternoon:

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FTSE 100

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Deutsche Bank research cuts Ashtead target to 4,770 (5,230)...

Wed, 13/04/2022 - 10:03


IN BRIEF: Schroder European REIT portfolio value rises, collects rent

Schroder European Real Estate Investment Trust PLC - London and Johannesburg-listed property investor - Says the direct property portfolio was independently valued at €211.0 million...

Wed, 13/04/2022 - 10:00


TOP NEWS: GlaxoSmithKline to buy Sierra Oncology for $1.9 billion

GlaxoSmithKline PLC on Wednesday said it reached an agreement to acquire late-stage biopharmaceutical company Sierra Oncology Inc for $1.9 billion, or £1.5 billion.

The Brentford,...

Wed, 13/04/2022 - 09:34


UK PM Boris Johnson appears to survive partygate fine fallout for now

Boris Johnson looked set to avoid an initial fallout from becoming the first prime minister to be hit with criminal sanctions while in office over...

Wed, 13/04/2022 - 09:27


LONDON MARKET OPEN: Tesco drags down grocers after cautious outlook

A weaker pound cushioned the internationally-exposed FTSE 100 early Wednesday as an elevated UK inflation reading stoked 'stagflation' fears.

The blue-chip index edged up despite...

Wed, 13/04/2022 - 09:22


IN BRIEF: Meggitt sells unit to CTS Ceramics Denmark for £59 million

Meggitt PLC - Coventry, England-based aerospace components maker - Sells Meggitt AS, a manufacturer of high performance piezoelectric ceramic components for medical and industrial applications,...

Wed, 13/04/2022 - 09:14


TOP NEWS: Tesco profit grows but warns on inflation hit in year ahead

(Alliance News) - Tesco PLC on Wednesday said it saw annual profit rise following a ‘strong performance’ during the period, leading to the launch of a...

Wed, 13/04/2022 - 08:52


Anglo American's De Beers rough diamond sales strong as outlook dims

Anglo American PLC reported on Wednesday annual rough diamonds sales remained robust, but the third sales cycle of the year lost some momentum.

As...

Wed, 13/04/2022 - 08:44


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