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US close: Yellen testimony gees up stocks
Stocks on Wall Street set new record closing highs on Wednesday thanks to further indications from Federal Reserve Chair Janet Yellen that monetary policy will be brought back to normal at a gradual pace.
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Nicky Morgan elected chair of Treasury Select Committee
Conservative party centrist MP Nicky Morgan defeated hard-liner Jacob Rees Mogg by 290 to 226 votes in a ballot to chose the next chair of the powerful Treasury Select Committee.
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Thursday preview: UK credit conditions in focus, Asos updates
Asos and Babcock will provide quarterly trading updates on Thursday, with macroeconomic data on the including RICS' house price report, Chinese trade data and some inflation numbers in Europe and the US.
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FTSE 100 movers: Mediclinic rises on rumours, miners lifted
The FTSE 100 was led higher on Wednesday by the City rumour mill, dollar weakness and some encouraging trading updates.
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Bank of Canada raises interest rates for first time in seven years
The Bank of Canada on Wednesday raised their headline interest rate for the first time in seven years, though it had been widely expected.
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RBS settles with US regulator over mortgage-backed securities
Royal Bank of Scotland has agreed a settlement with US regulators of $5. 5bn (£4. 2bn) to resolve claims over its issue of residential mortgage-backed securities in the run-up to the financial crisis, though .
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London midday: Currency shifts send FTSE to two-week high
London stocks tickled a two-week high on Wednesday thanks to commodities strength and sterling weakness as traders chewed over the pace of central bank easing in coming months.
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UK unemployment rate falls to forty-year low but wages remain stuck
The UK unemployment rate has shrunk to the lowest since 1975, it was confirmed on Wednesday, though this failed to boost wages and relieve the squeeze on households.
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London open: FTSE rises with Burberry and Barratt to the fore
London stocks gained ground on Wednesday morning after two days of losses, as the pound fell.
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B&M European Value off to a flier thanks to hot weather and groceries
Discount chain operator B&M European Value Retail set off at an impressive pace in its new financial year, it revealed on Wednesday, buoyed by strong sales of garden furniture in the recent hot spell.
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Burberry's Gobbetti eyes better store productivity, promises 'new energy'
New Burberry chief executive Marco Gobbetti began his reign with an encouraging first quarter and a promise to create "new energy to drive growth" amid what he said was "a time of great change" for the company and the wider luxury industry.
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SSP sales speed higher in third quarter
Sales accelerated at SSP Group, which operates food and drink outlets in airports, train and motorway service stations for the likes of Burger King, Starbucks and Upper Crust, in the third quarter, which was slightly ahead of management expectations.
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Amec Foster Wheeler under investigation by Serious Fraud Office
The Serious Fraud Office has launched an investigation into Amec Foster Wheeler over the engineer's work with consultant Unaoil and possible related bribery and corruption offences.