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Europe close: Shares close lower on weaker EZ surveys, luxury stocks
European shares closed lower on Wednesday, with luxury stocks under the pump as LVMH second-quarter sales growth missed consensus estimates and eurozone service and manufacturing surveys showing weaker readings.
Europe midday: Shares down on luxury stocks, weak PMI data
European shares were lower on Wednesday, with luxury stocks under the pump as LVMH second-quarter sales growth missed consensus estimates and eurozone service and manufacturing surveys showing weaker readings.
Bank of Canada cuts rates again
The Bank of Canada on Wednesday cut its key policy rate for the second month in a row, as expected, and said it would trim again if inflation continued to fall.
Ascential shares soar after £1.2bn bid from Informa
Publishing and exhibitions group Informa on Wednesday said it was buying rival Ascential in an agreed £1. 2bn deal.
Greencore shares up as FY forecasts lifted
Shares in Greencore rose on Wednesday as the Ireland based convenience food company upgraded full-year earnings guidance as it reported a rise in revenue and continued improvement in profit conversion.
Europe open: Luxury stocks weigh as LVMH Q2 disappoints
European shares opened lower on Wednesday as investors eyed eurozone manufacturing survey data and regional bank earnings, while luxury stocks were under the pump after LVMH second-quarter sales growth missed consensus estimates.
Fresnillo says on track to meet FY guidance
Gold and silver miner Fresnillo said it was on track to meet full year guidance after strong second quarter production.
Mitie doubles share buyback to £100m
Facilities group and government contractor Mitie said it was doubling its share buyback programme, to £100m after good momentum in the first quarter of its fiscal year.
Reckitt unveils plans to slim down portfolio
Consumer goods giant Reckitt said it was slimming down its portfolio to focus on core businesses and offloading several home care brands.