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Apple weighs on Wall Street following earnings report
Wall Street started the session lower as a large drop in Apple´s share price weighed down the main market averages.
Thursday preview: Lloyds reports first quarter interims
Lloyds Banking Group will be in focus on Thursday as it reports its first quarter interims following results from fellow lenders Barclays and Standard Chartered this week.
US open: Stocks slide ahead of Federal Reserve's interest rate decision
US stocks fell on Wednesday ahead of the Federal Reserve’s latest policy decision.
US goods deficit drops much more sharply than expected in March
In seasonally adjusted terms, the USA´s deficit in its trading of goods with the rest of the world shrank from -$62. 86bn in February to -$56. 90bn in March, according to an advance estimate from the US Department of Commerce.
Ferrum Crescent placing to fund GoldQuest acquisition
Metals project developer Ferrum Crescent had a somewhat fatter wallet on Wednesday, having conditionally raised £0. 65m before expenses through a placement of 403,846,154 new ordinary shares, and a direct subscription of for 96,153,846 new ordinary shares.
Surging share price forces Wishbone to announce debt discussions
Wishbone Gold’s share price rose quickly in afternoon trading on Wednesday - so much that the company’s board was forced to issue a statement.
Boeing reports weaker profits as commercial jet deliveries slow
Aerospace giant Boeing reported weaker-than-expected profits for the first quarter of its fiscal year as a result of a charge linked to its air-tanker programme and a slowdown in sales of commercial jets, although increased deliveries of military aircraft helped to prop up the top-line.
GlaxoSmithKline first-quarter sales up 11% but profit falls
GlaxoSmithKline posted a rise in first-quarter sales and core earnings per share amid healthy demand for the company’s new drugs.
FTSE 250 movers: Amec, Centamin and Tullow lead the way; McCarthy, Weir out of favour
The midcap FTSE 250 index was in positive territory on Wednesday afternoon, up 0. 71% to 17,066. 55 at 1331 BST.
Tesco slumps as JPMorgan highlights issues
Shares in supermarket chain Tesco were under the cosh on Wednesday as JPMorgan Cazenove issued a downbeat note on the company and downgraded its estimates.
FTSE 100 movers: Glaxo healthy on Q1 sales report; Tesco down on JPM note
The FTSE was up slightly in early afternoon trade, with the blue-chip index rising 0. 2% to 6,297 points at 1348 BST.
Wednesday newspaper share tips: StanChart, BP
StanChart´s financials for the first quarter of 2016 suggest chief Bill Winters may have managed to staunch the bleeding, or at least that it´s not terminal, The Times´s Tempus said.
BHS owner reportedly moved £1.5m days before collapse
The owner of collapsed High Street chain BHS took £1. 5m out of the company just days before it went into administration, UK media reported on Wednesday.
Eurozone money supply growth edges higher in March, ECB says
Money supply in the euro area grew at a slightly quicker pace in March, according to the European Central Bank, but not fast enough to quell all economists´ concerns about the flow of credit in the single currency bloc.
Greek stocks drop after EU council president nixes idea of special summit on Greece
A top European Union official called for euro area finance ministers to convene a meeting quickly to discuss the situation in Greece so as to avoid renewed uncertainty.
Poor weather weighs on retail sales in April, CBI says
Retail sales in the UK fell rapidly in April, the results of a widely-followed survey revealed, although analysts attributed the drop to poor weather and the different timing of Easter in 2016.
Panther Securities almost doubles its profit
Panther Securities reported a near-doubling in profit in its 2015 final results on Wednesday, with its profit before tax for the calendar year standing at £8. 47m, compared with £4. 38m at the end of 2014.
Weir Group's shares fall as Canaccord cuts rating to 'sell' from 'hold'
Weir Group’s shares were under pressure on Wednesday after Canaccord Genuity downgraded its rating on the stock to ‘sell’ from ‘hold’ and cut its price target to 880p from 940p.
Europe midday: Stocks little changed as focus shifts to Fed
European stocks wavered in a tight range on Wednesday as investors sifted through earnings ahead of the Federal Reserve’s rate announcement.
London midday: Stocks slide as UK economy loses momentum
London stocks were under the cosh on Wednesday as official data showed UK economic growth slowed to 0. 4% in the first quarter of 2016.