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FTSE opens 0.4% higher as Barclays pleases

UK stocks opened higher on Wednesday after Barclays released pleasing results and Vladamir Putin said he was open to 'diplomatic solutions' on Ukraine, though the situation there remained volatile.

Barclays unveils £1bn share buyback programme as annual profit swells

British banking group Barclays said it would launch a £1 billion share buyback programme after annual profit more doubled as expected credit losses and impairments were lower than expected.

Rio Tinto profit more than doubles on higher commodity prices

Mining titan Rio Tinto more than doubled its annual profit after it benefited from higher commodity prices following an easing of Covid-19 lockdowns globally.

Metro Bank posts annual loss as expenses weigh

Challenger lender Metro Bank posted another annual loss after rising revenue was offset by expenses including remediation costs associated with an investigation by Britain's prudential regulator.

Hochschild Mining annual profit rises as higher commodity prices bolsters revenue

Mining company Hochschild Mining reported a rise in annual profit as higher commodity prices boosted growth.