European stocks and US futures were steady on Wednesday with the Federal Reserve poised to lift borrowing costs by a quarter percentage point in what would be the smallest increase in rates since last March. The regional Stoxx Europe 600 traded 0.2 per cent higher…

The transatlantic battle of green tax credits reached a turning point this week when a leaked document revealed the EU was planning to hit back hard against the US’s $369bn Inflation Reduction Act.Under a draft plan seen by the Financial Times, the European Commission outlined…

British cyber security group Darktrace said on Wednesday that it would buy back up to £75mn worth of shares, after coming under attack from a short seller that accused it of accounting irregularities. The London-listed company said plans to acquire up to 35mn shares was…

Markets have started the year where they ended 2021, rallying on hopes that inflation has peaked, central banks are about to pivot and the global economy is doing a lot better than feared.This has lifted most boats, both in equities and fixed income. The MSCI…

Abrdn has poached a senior executive from one of the largest global pension investors for the newly created role of chief investment officer as the fund group attempts to revive its fortunes and devise a growth plan.The Edinburgh-based group has hired Peter Branner from Dutch…

Like a funnel full of bitumen forever about to drip, the FTSE 100 is oily, dull and ostensibly inert. It’s been three weeks since Bloomberg splashed on the index nearing a record high and still we wait, transfixed for reasons unclear by an experiment seemingly…