Full List Of Stories
Bank of Canada cuts rates by 25 basis points, as expected
The Bank of Canada cut interest rates on Wednesday by 25 basis points, as widely expected.
FTSE 100 movers: Pearson boosted by Citi note; B&M in the red
London’s FTSE 100 was up 0. 5% at 8,271. 30 in afternoon trade on Wednesday.
HanesBrands to sell Champion to Authentic for up to $1.5bn
HanesBrands said on Wednesday that it has agreed to sell its Champion business to Authentic Brands Group for up to $1. 5bn.
US private sector adds fewer jobs than expected in May - ADP
Private sector employment in the US rose less than expected in May, according to figures released on Wednesday by ADP.
Berenberg starts coverage of Haleon at 'buy'
Berenberg initiated coverage of consumer health company Haleon on Wednesday with a ‘buy’ rating and 407p price target.
London midday: Stocks stay up ahead of ECB rate cut
London stocks were still firmer by midday on Wednesday as weaker-than-expected US jobs data fuelled expectations of a rate cut by the Federal Reserve later this year and ahead of expected cuts by the Bank of Canada and the European Central Bank.
Citi opens 90-day ‘positive catalyst watch’ on Pearson shares
Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
Ninety One full-year AuM fall, dividend cut
Ninety One posted a drop in full-year assets under management on Wednesday and cut its dividend as it said business conditions remained "challenging".
London open: Stocks gain on US rate cut hopes
London stocks rose in early trade on Wednesday as weaker-than-expected US jobs data fuelled expectations of a rate cut by the Federal Reserve later this year.
China’s services sector expands again in May - Caixin
Activity in China’s services sector accelerated in May at its fastest pace in 10 months, according to data released on Wednesday.
London pre-open: Stocks seen up ahead of BoC, ADP report
London stocks were set to rise at the open on Wednesday following losses in the previous session and a firmer close on Wall Street.
B&M earnings at top end of guidance, Centrica trading in line
London open The FTSE 100 was called to open around 50 points higher.
Wednesday newspaper round-up: Airbus, Tesco, Royal Mail, Mike Lynch
Britain’s next government will need to fill a shortfall of up to £33bn in the public finances unless it is prepared to push through a fresh round of severe austerity measures, a thinktank has warned. The Resolution Foundation said the debate between Labour and the Conservatives over the funding of specific pledges was “detached from reality”, with election promises based on cuts that would be hard to deliver. – Guardian.