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Interview: Baker & McKenzie CIO charts digital pathways for legal giant
The legal business as we know it today is nothing short of a mega cross-jurisdictional global services industry, a spirit that is epitomised by one international brand in particular – Baker & McKenzie.
US close: Stocks blow hot and cold as Yellen and oil are immiscible
US equities blew hot then cold on Wednesday's session as traders and investors mulled mixed corporate results, plunging oil prices and remarks from Fed chair Janet Yellen.
Bonds: Gilts steady as Yellen strikes confident tone, but flags risks
These were the movements in the most widely-followed longer-term sovereign bond yields:.
Dunelm declares special dividend after strong first half
Homewares retailer Dunelm Group has declared a special dividend payment after a solid first half of the year boosted by strong sales post Christmas, and is now looking to greatly increase its store presence in London as part of new new chief executive John Browett's strategy.
Sector movers: Retailers, housebuilders lead London market higher
Housebuilders and retailers notched up decent gains on Wednesday, while resource stocks slipped lower as calm returned to the London market.
Commodities: Oil futures recover as precious metals retreat
Oil futures recovered on Wednesday following a decline in US inventories, but precious metals retreated as US Federal Reserve Chairwoman Janet Yellen delivered her semi-annual testimony to the country’s Congress on US monetary policy.
UK industrial output falls more than expected in December
Industrial production in the UK fell by more than economists were expecting, weighed down by output from the mining sector.
FX Roundup: Yen spikes, euro falters after Yellen comments
The dollar fell against selected crosses on Wednesday, while the yen spiked early in the session and maintained gains well into the European afternoon.
Europe close: Deutsche Bank leads bounce in banks
European stocks racked up solid gains on Wednesday, with banks surging ahead following heavy losses in the previous session and after the chair of the US Fed told Congressmen that financial conditions in the US had tightened and that weakness in economies overseas, in particular, posed risks to the US.
Small caps news round-up
Shareholders in 32Red were gifted a bonus payday on Wednesday, with the announcement the company was to pay a special dividend off the back of some record numbers. The AIM-traded remote gaming operator said that the dividend would be paid on 16 March, to all shareholders on the register on 19 February 2016.
London close: Stocks rally as Yellen hints at delaying rate hike
The FTSE closed in positive territory on Wednesday as banking stocks recovered and Federal Reserve Chair Janet Yellen signalled a delay to the next increase in interest rates.
Results round-up
ARM Holdings posted a strong set of full year results and said it was confident of meeting forecasts for 2016 as demand for its microchip technology continues to grow.
32Red announces special dividend after record revenue performance
Shareholders in 32Red were gifted a bonus payday on Wednesday, with the announcement the company was to pay a special dividend off the back of some record numbers.
Boxhill restructures its way out of VAT difficulty
Boxhill Technologies managed to administrate its way out of a VAT difficulty on Wednesday, restructuring itself away from an acquired business and moving its 2015 year-end out by six months.
Frontier continues transition to self-published developer
Frontier Developments was still transitioning to a self-published developer in the first half of the year, with the company continuing to make a profit through a period of significant investment.
Metal Tiger reports good progress in Thailand
Metal Tiger's interests in Thailand were progressing well, its board said in Wednesday, with new opportunities in the south east Asian nation also being identified.
Director backs Tullow Oil after $1bn loss
Tullow Oil director Jeremy Wilson has increase his in the company, hours after it posted a $1. 09bn (£752. 6m) loss for 2015.
Thursday preview: Rio Tinto reports full year results
Rio Tinto's full year results will take centre stage on Thursday with investors keen to see how the miner has weathered a collapse in commodity prices.
NIESR warns of drag on economy from weak international trade
Britain's economy expanded at a slightly lower rate over the three months to January in comparison to the previous three-month stretch, according to one of the most influential think-tanks.