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MPC surprise: two members voted in favour of rate hike -UPDATE

The Bank of England's Monetary Policy Committee voted 7-2 in favour of keeping rates unchanged at its last meeting....[more]

IS militants claim to have killed kidnapped US journalist

Islamic State (IS) militants circulated a video online on Tuesday which showed the beheading of a man they claimed to be James Foley, an American photojournalist who was kidnapped in Syria two years ago....[more]

Glencore unveils $1bn buyback as first-half profits rise

Mining and trading giant Glencore reported an 11% increase in its interim dividend and unveiled a $1bn share buyback after profits rose in the first half of 2014....[more]

Balfour Beatty rejects Carillion offer and critiques value calculations

As expected, construction group Balfour Beatty rejected a merger offer from rival Carillion as not in its shareholders' best interests, noting that Tuesday's third offer was only a "small value change" from the preceding bid....[more]

StanChart confirms US fine and compliance monitoring extension

UK bank Standard Chartered has been fined $300m (£181m) by US regulators and will need to enhance surveillance of its transactions as well as face an extension to current compliance monitoring....[more]

Few options left for Carillion after another Balfour rejection, says Liberum

There is little left that Carillion can do ahead of the 'put up or shut up' deadline in its pursuit of infrastructure specialist Balfour Beatty, according to analysts at Liberum Capital, after the latter rejected a sweetened proposal from the construction group on Wednesday....[more]

Apple shares reach record high

Apple shares closed on Tuesday at a record high, as investors expect new products to boost revenue growth....[more]

Iceland raises volcano alert to orange for aviation

The risk of an eruption at Iceland's Bardarbunga volcano has increased, the meteorological office warned on Wednesday....[more]

Wednesday tips round-up: BHP Billiton, CRH

As the Financial Times' Lex column would have it, the heads of BHP Billiton may yet stand accused of imperial overreach in the eyes of shareholders. As the man on the street would put it, bigger is not always better. To address the situation the company has announced its intention to demerge assets spread over four continents, including the two largest silver and manganese mines on the planet....[more]

Market Buzz [more]

Investec sees limited impact from $300m US fine at StanChart

Wed, 20 August 2014

The news of $300m fine by US regulators failed to dampen the demand for Standard Chartered shares on Wednesday, with Investec providing a lift after reiterating its 'buy' stance on the stock. ... [more]

Wednesday broker round-up

Wed, 20 August 2014

BHP Billiton: Deutsche Bank raises target price from 1450p to 1500p and leaves its buy recommendation unchanged.... [more]

Cantor upgrades Debenhams but remains cautious

Wed, 20 August 2014

Cantor Fitzgerald has lifted its recommendation for high street department store Debenhams from 'sell' to 'hold' after the recent sell-off in the shares, though it remains cautious about the retailer'... [more]

Company News [more]

Greencoat UK Wind to acquire four wind farms for £90.6m

Wed, 20 August 2014

Greencoat UK Wind is set to acquire a 51.6% stake in four wind farms for £90.6m. ... [more]

PHSC makes final payment for QCS acquisition

Wed, 20 August 2014

Health and safety provider PHSC has confirmed the final payment details for its acquisition of QCS International. ... [more]

Clinigen Group acquires oncology drug from AstraZeneca

Wed, 20 August 2014

Pharmaceutical group Clinigen has acquired the global rights to Astrazeneca's drug Ethyol, which is expected to treat dry mouth in patients receiving radiation treatment. ... [more]

Economic News [more]

MPC surprise: two members voted in favour of rate hike - UPDATE

Wed, 20 August 2014

The Bank of England's Monetary Policy Committee voted 7-2 in favour of keeping rates unchanged at its last meeting.... [more]

Apple shares reach record high

Wed, 20 August 2014

Apple shares closed on Tuesday at a record high, as investors expect new products to boost revenue growth.... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Royal Mail 449.40 2.42 11:24
Kingfisher 313.20 0.84 11:24
SSE 1,517.00 0.80 11:24
Centrica 317.30 0.76 11:24
AstraZeneca 4,270.00 0.74 11:24

FTSE 100 Top Fallers

Name Last Chg.% Time
Mondi 1,001.00 -2.15 11:24
Hammerson 603.00 -1.87 11:18
British American Tobacco 3,515.00 -1.86 11:24
CRH 1,403.00 -1.75 11:24
3i Group 385.20 -1.73 11:18