Summary: Meta shares surge 8% on IG platform following better-than-expected earnings and revenue . Revenue increased by 11% to $32 billion, exceeding analysts' expectations. Ad revenue rose 12% in Q2, outperforming competitors like Google. Shares have risen by a staggering 266% overall and 160% since the beginning of the year. Meta 's stock closes at $319.09, poised for another positive trading day. Meta shares surged more than 8% in extended trade on the IG ...

Summary: FTSE 100 reaches 10-day highs despite mining company struggles. Mining stocks, including Anglo-American , Rio Tinto , Glencore , and Antepagasta , perform poorly due to concerns about global growth and Chinese economy . Wilco faces business-saving uncertainty leading to potential store closures and job layoffs. Virgin Media 's broadband contracts draw attention, potential for unlimited price rises under scrutiny. Positive news from PureGym as half-year revenue increase s alongside growing membership. Nvidia shares surge as chipmaker...

Summary: Transport Secretary Grant Shapps emphasizes the importance of issuing 100 new oil and gas licenses this autumn. Shapps warns that without these licenses, the UK would have to rely on higher-emission fossil fuel imports, leading to increased carbon emissions. The government aims to support the oil and gas industry, preserve jobs, and maintain tax revenue through the issuance of these licenses. Transport Secretary Grant Shapps has emphasized the significance of issuing 1...

Summary: The Russian Black Sea Fleet fires warning shots at a civilian vessel in the Black Sea, escalating the conflict. Reasons behind Russia's move to target grain include weakening Ukraine's revenue generation and potentially increasing global grain prices . The impact of reduced grain supplies could be severe in starving areas of the world. President Putin 's motives are unclear, but the move might be aimed at altering the course of the war in Russia's favor. ...

Summary: Actors in New York held a strike rally protesting Disney 's CEO , Mr. Eiger. The rally focused on demands for fair pay, revenue sharing, healthcare, retirement funding, and a just casting process. Concerns were raised about the potential threat of AI and robots replacing human jobs in the entertainment industry. The actors' union emphasized the importance of protecting their right to work and preserving their dignity. Actors gathered in New York for a strik...

Summary: FTSE 100 index hits four-week lows around 7,500 points, attributed to underperforming mining companies . Fintech Group plus 500 introduces $60 million share buyback program despite declining revenue and profit . Ugov considers potential listing in the US, leading to a rise in the company's opening performance. Real estate investor Sharps Recapital secures £200 million loan for bond repayment, resulting in early value slide. UK government extends rules allowing takeaway pint sales without a license until March next year. Small caps RC 365 gains exclusive rights to use US-based Unique AI 's AI-driven plat...

Summary: Wilko , a long-standing discount retail er, has been forced into administration due to financial challenges and declining revenue. Despite borrowing and selling assets, the company was unable to overcome its debt burden, leading to its collapse. Administrators assure that operations will continue for now, and employees will be paid, while efforts to find a buyer are underway. Criticism is directed at management for paying dividends while the company faced losses, leaving loyal employees devastated. Operational difficulties, including supply and cash flow issues, contributed to Wilko 's struggles in a competitive mark...

Summary: Elon Musk plans to replace Twitter's bird logo with the letter 'X', aiming to transform the platform into an 'everything app' akin to China's WeChat. Twitter faces challenges with declining advertising revenue, prompting Musk to seek new directions for the platform. The proposed rebranding may encounter resistance from Twitter's aging but loyal user base. Musk's vision for an expansive transformation contrasts with Twitter's current financial struggles and limited capabilities. The tech world awaits eagerly to see if the 'X' rebranding will take Twitter to new heights or if the b...

Summary: FTSE 100 rises on a day of earnings announcements , driven by Cendrica 's exceptional performance with a tenfold increase in net cash and 55% jump in adjusted profit . Shell 's $5.5 billion buyback scheme and dividend hike fail to impress investors , leading to a decline in shares. Barclays faces challenges as increasing quarterly pre-tax profits are overshadowed by mounting bad debt provisions . Drax Group 's positive half-year pre-tax earnings do not prevent a slip in shares. BT opens higher on the back of quarterly revenue rise , while Ocado 's shares are impacted by the upcoming retirement of th...

FTSE 100 Gains Led by Mining Giants - Market Report Summary: FTSE 100 continues upward trajectory, mining companies leading the charge. EasyJet shares down due to challenging external environment. Royal Mail owner International Distribution Services' shares rise after appointing new CEO. Dunnellm reports robust final quarter, raises yearly guidance. Tesla and Netflix face challenges in the American market. Arakor Therapeutics shows promise in the small-cap sector. The FTS...

Summary: London Mayor Sadiq Khan faces pressure from opposition leader Keir Starmer over his plan to expand the ultra low emission zone (Ulez) across the entirety of London. Khan's proposal is seen as a revenue-generating tactic to offset the financial losses incurred by Transport for London (TFL) during pandemic lockdowns. The Uxbridge by-election resulted in an unexpected victory for the Tories, providing a boost to Chancellor Rishi Sunak. Critics argue that the Ulez expansion may disproportionately affect suburban families who rely on cars for daily activities. The Ulez charge is met with resistance from various segments of ...

Summary: The film and high-end TV industry in the UK is thriving due to increased demand from streaming services. Major productions like Indiana Jones and the Dial of Destiny are choosing the UK for filming, thanks to generous tax breaks. The industry faces challenges in finding skilled professionals and competition from other countries. Streaming platforms are reshaping movie and TV show releases, impacting cinema attendance. Barbie movie's success goes beyond the box office, contributing significantly to merchandising and brand revitalization. ...

Summary: London pubs thrive despite the implementation of a new alcohol pricing system. Pub owners express concerns about the potential impact on both their businesses and customers. Londoners show unwavering support for their local pubs, upholding the city's pub culture. Pub owners urge the government to reconsider the new pricing system for a fairer approach. The future of London's pub industry remains uncertain as policymakers assess the situation. London's pub...

Martin Lewis: Energy Price Guarantee rise would be 'act of national harm' If the price rises in April, it's not firms, it's not regulators, it is the government putting people's prices up. Well, I wrote to the Chancellor three weeks ago, asking him to not increase the rise, the energy price guarantee in April by 20% as planned, for all the reasons that have just been outlined there. And most importantly, what you have to understand is if we do increase it, it would result in an act of national mental health harm. People have been battered by successive rises in energy bills, 14% rises in broadband, 7% in water, 5% in council tax. And for the sake of just three months, and you heard the explanation of why it's just three months there, to send millions of people another letter is bad for people's finances. It's bad for people's state of mental health....

SNP leadership candidates' energy policies laid out at hustings I think, certainly if I'm the leader for a future Scotland round, I don't think we should just lease, I think we should take an equity stake so that actually if companies are benefiting then that benefit, that profit is coming to us. So I will instruct for the next round at an equity stake in our renewables and I think there's also an advantage of having why do we not have a national renewable energy company? I think we should and that's something that I think again would help to make sure that the benefit of that amazing potential that we've got of renewables is not kept in the hands of profitable companies but shared with the people. Well the disgrace that Scotland is, one of the few countries that found oil and got poorer and that is why our kids are in poverty today and the lessons there are cl...

Summary: FTSE 100 opened higher on positive results for London listed companies . NatWest announced a £1 billion jump in Bretex profits . Standard Chartered reported a 20% jump in interim profits and announced a $1 billion buyback. International Airlines Group announced a half-year profit of €1.26 billion. AstraZeneca 's deal to buy Pfizer's gene therapy portfolio led to a jump in their stock. Right Moves experienced significant revenue growth. Europa Oil and Gas to take over the Clouton Gas Discovery near Scarborough . ...