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London close: FTSE rises after UK jobs data as Fed rate decision looms
The FTSE 100 ended higher on Wednesday after a mixed UK jobs report and before the Federal Reserve’s interest rate decision.
Commodities: Industrial metals buoyed by report of possible Chinese stockpiling
Industrial and precious metals' prices performed best on Wednesday, amid reports of possible Chinese stockpiling plans and on-going jitters across financial markets.
US Fed cuts view on expected pace of rate increases
US rate-setters kept policy unchanged when they met on Wednesday, but revised their estimates for the likely medium-term pace of policy tightening considerably lower.
Miners and tech lead gains
A lull in US dollar strength gave industrial metals' prices a boost, in turn sending shares of miners higher.
FX round-up: Sterling takes breather ahead of Fed's rate call
Sterling took something of a breather today ahead of the Federal Reserve's policy call tonight, when the US central bank is expected to leave the country's benchmark interest rate unchanged.
Draper Esprit completes IPO on AIM and Irish Stock Exchange
Draper Esprit, a technology venture capital company, was admitted to AIM, the London Stock Exchange’s junior market, and the Irish Stock Exchange on Wednesday.
Europe close: Selling abates ahead of Fed meeting
European stocks rose on Wednesday, as Brexit concern-driven selling abated as investors waited for the latest US interest rate announcement and comments from Federal Reserve Chair Janet Yellen.
Small caps news round-up
Internet and media firm Naspers told shareholders it was finalising its provisional report for the year to 31 March on Wednesday, indicating it expected core headline earnings to be between 15% and 20% higher than last year’s 255 cents per share. The company issued a caveat, however, saying “shareholders are reminded that the board considers core headline earnings an appropriate indicator of the sustainable operating performance of the group, as it adjusts for non-recurring and non-operational items.
Naspers expects core earnings to rise, overall earnings to fall
Internet and media firm Naspers told shareholders it was finalising its provisional report for the year to 31 March on Wednesday, indicating it expected core headline earnings to be between 15% and 20% higher than last year’s 255 cents per share.
Bizarre Brexit boat face-off between Nigel Farage and Sir Bob Geldof
The Brexit debate took to the seas today as UKIP leader Nigel Farage squared up to Irish charity campaigner Sir Bob Geldof in a bizarre stand-off on the River Thames in London.
Specialist Investment Properties acquires Birmingham care home
Specialist Investment Properties announced a further property acquisition on Wednesday - the sixth it has completed since implementing its new investment policy earlier this year.
Brexit poll unmasked as 'hoax' by BMG Research
A Brexit poll purported to have been carried out by research firm BMG Research, which was then published in newspaper and City analysts' reports, has been dismissed as 'a hoax' by the firm.
Kewill adds Patrick Maley as marketing chief
Supply chain software provider Kewill announced the addition of Patrick Maley to its management team on Wednesday, as Chief Marketing Officer, effective 18 July.
Shanghai Disneyland: Facts and Figures
Disney's brand new resort in China, Shanghai Disneyland, opens its doors officially tomorrow for the first time. The spectacular theme park will be the first of its kind in the Asian country and millions of Chinese families will flock to the area this year. Here are some facts and figures about the new resort:.
S&P downgrades Noble Group credit rating
S&P Global has downgraded commodity trader Noble Group due to lingering concerns about its balance sheet, profit and cash flow amid the extreme volatility of its market.
Safran not plotting bid for Zafran Aersopace, report says
Safran is not preparing a bid for rival Zodiac Aerospace, Reuters reported, citing a “source familiar with the matter”.
Results round-up
Reservations in the five months to May at property group Berkeley fell 20% due to uncertainty over Brexit.
BHS: Green says working on BHS pension fund deal
Former BHS owner Philip Green said he had commissioned a plan to help pension scheme members of the failed high street chain, although he claimed he did not know the fund had a large deficit until 2012.
Director dealings: Paysafe chairman Jones makes maiden payment
Paysafe Group chairman Dennis Jones bought more than £140,000-worth of shares in the provider of online payment solutions, which recently moved up to the full list and was in March added to the FTSE 250.
US gasoline inventories see large drop in latest week, EIA says
Oil inventory levels Stateside saw only a small drop over the latest reference week, albeit alongside a large drop in those for some product stockpiles.