Latest News
Empire State manufacturing back in expansion mode
Business conditions in the New York region improved more than expected, moving back into expansion territory, according to a survey from the New York Fed.
FTSE 100 movers: Miners shine; Brexit bashes Berkeley
Miners led the rebound charge of the FTSE 100 index in afternoon trade, as bargain hunters took advantage.
Hollywood Bowl plans IPO next month
Ten pin bowling lane operator Hollywood Bowl announced plans to float in London on Wednesday morning.
The pound would tumble post-Brexit, says EIU
Political and economic tremors would be felt post-Brexit, sending the UK into a recession and lowering the pound at least until 2020, according to a think tank.
Servelec shares plunge 33% on profit warning
Shares in technology and software group Servelec plunged a third as it warned operating profits would come in significantly lower than market views for full year 2016, and below that for 2015.
Myanmar Investments celebrates historic US investment
Myanmar Investments (MIL) announced on Wednesday that the United States Overseas Private Investment Corporation commenced its initial disbursement of a $250m loan to Apollo Towers Myanmar, a subsidiary of Towers Pte, in which MIL has an effective indirect shareholding of 9. 3%.
Tesco boosted as Barclays reiterates positive stance
Tesco racked up healthy gains on Wednesday as Barclays reiterated its ‘overweight’ stance on the stock, saying a price of around 150p is very attractive, ahead of what it expects to be a reassuring first-quarter trading statement next week.
London midday: Stocks rise as investors weigh mixed UK jobs report
London stocks advanced on Wednesday as investors weighed a mixed UK jobs report and awaited the Federal Reserve’s latest interest rate decision.
Europe midday: Stocks rebound as focus shifts to Fed
European stocks rose on Wednesday, recovering from the recent Brexit-driven losses as investors awaited the latest US rate announcement and comments from Federal Reserve Chair Janet Yellen.
UK unemployment rate falls to lowest since 2005
The UK unemployment rate unexpectedly fell to 5. 0% in the three months to the end of April, the lowest since 2005, but while the rate of job creation slowed, wage growth accelerated thanks the higher minimum wage.
Rolls-Royce in favour of Britain remaining in EU
British air, land and sea manufacturer Rolls-Royce has encouraged its staff to vote Remain in the upcoming referendum on whether the United Kingdom should leave the European Union or not.
US pre-open: Stocks set for modest rebound ahead of Fed announcement
US futures pointed to a slightly firmer open on Wall Street, bouncing back after four sessions of losses as investors awaited the latest policy announcement from the Federal Reserve, in particular comments from Chair Janet Yellen.
Asia report: Markets mixed after MSCI misses China
Markets in Asia ended mixed on Wednesday, with Chinese markets leading the gains as investors brushed off a decision from index provider MSCI on Tuesday not to include mainland-traded A-shares in its key emerging markets index just yet.
NATO to recognize cyberspace as new frontier in defence
The North Atlantic Treaty Organisation recognised on Tuesday that modern military conflicts are not only fought in the air, sea and land, but also through the internet.
Osborne warns of emergency Brexit budget
If Britain votes for Brexit there will be an emergency budget which will include spending cuts and a rise in taxes, Chancellor George Osborne warned on Wednesday.
Broker tips: Wood Group, Jimmy Choo, Lonmin
Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at ‘buy’.
Jefferies initiates Wood Group at 'buy'
Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at ‘buy’.
Arria NLG losses widen but hopes high for 'virtual financial adviser'
Half year revenue fell at Arria NLG due to a loss of a major contract but the company has since diversified and launched a new 'virtual financial adviser' product to help SME businesses that it hoped will boost the second half of the year.
Steinhoff says considering bid for Poundland
South African-based Steinhoff International confirmed on Wednesday that it is considering a possible offer for the entire issued share capital of London-listed discount retailer Poundland.
Eurozone trade surplus widens in April
The Eurozone trade surplus widened in April, according to the latest figures from Eurostat.