Latest News
US close: Stocks rise for second day, bank stress tests mixed
US stocks strode higher for the second successive day on Wednesday as the initial panic of Brexit eased and investors sought bargains, while there was mostly top grades for banks in the Federal Reserve's stress-test results after the market closed.
MyLocal appoints administrators, further store sales expected
Collapsed convenience store chain MyLocal has appointed administrators from KPMG after closing 90 and selling two of its 125 stores and making hundred redundant, with several other sales close to completion.
EU leaders stay firm on freedom of movement post Brexit
Britain will have to accept freedom of movement of immigrants if it wants to retain access to the European Union's single market after leaving the 28 member bloc, EU leaders warned on Wednesday.
Brexit´s effect on property not as bad as feared, says estate agent
Brexit did not cause any immediate reduction in demand for residential property, claims estate agents Haart, though it admitted there had been a spike in last-minute withdrawals.
Wednesday newspaper share tips: Redrow, Legal&General, Aviva
Unless we are heading for some sort of huge housing crisis, shares of many homebuilders are still attractive, with stock in Redrow being a particular case in point, while several others were on guaranteed dividend yields, The Times´s Tempus wrote.
US crude oil futures boosted by latest US weekly inventory data
US crude oil stockpiles fell sharply last week, albeit amid a large drop in imports, boosting prices for crude oil futures.
Life insurers, oil stocks boost indices
Life insurers jumped on Wednesday on the heels of positive broker comment and supportive remarks from some ex-officials regarding the fall-out, or not, for the sector as a result of Brexit.
Wednesday broker round-up
Petrofac: Jefferies upgrades to buy with a target price of 835p and Societe Generale stays at buy with a target price of 921p.
Small caps news round-up
Digital wellness technology developer Fitbug Holdings announced on Wednesday a proposed equity fundraising of around £2. 61m before expenses. The AIM-traded company said the fundraising comprises a placing of 340,800,000 placing shares at 0. 15p per share with institutional and other investors, and an open offer of up to 703,626,325 shares at 0. 25p each.
London close: Stocks close higher as investors push aside Brexit worries
The FTSE 100 closed higher on Wednesday as investors pushed Brexit worries aside for the time being and sought bargains.
Euro 2016 betting: Germany and France still favourites ahead of quarter-finals
Only 8 teams remain in Euro 2016 as the race to be crowned champions on the 10th July hots up for some, as others head home with their tails between their legs.
BoE governor Mark Carney to give a speech on Thursday
The governor of the Bank of England (BoE) Mark Carney will give a speech on Thursday at 1500 BST at Threadneedle Street.
Fitbug outlines fundraising and debt reduction plan
Digital wellness technology developer Fitbug Holdings announced on Wednesday a proposed equity fundraising of around £2. 61m before expenses.
Financials to leave UK during lengthy Brexit talks, says JP Morgan
Multinational financial services firms will start to relocate outside Britain during Brexit negotiations due to regulatory uncertainties, with the talks themselves dragging on economic growth, JP Morgan said on Wednesday.
Provexis chairman joins possible fundraising
Provexis, the developer and licenser of the proprietary Fruitflow heart health food ingredient, updated the market on its ongoing seeking of funding on Wednesday, with an uplift in interest thanks to its chairman.
Anglo Asian Mining takes advantage of strong gold price
Azerbaijan-focused gold, silver and copper producer Anglo Asian Mining announced on Wednesday that it has taken advantage of the recent strength in the gold price and entered into a transaction to hedge 18,000 ounces of its gold sales for the remainder of 2016.
Brexit: Winners and Losers of the falling pound
The United Kingdom's unexpected decision to leave the European Union in last week's historic referendum has changed the social, political and economic situation of Britain, and much of Europe for the foreseeable future.
Apollo to take Diamond Resorts private through all-cash bid
Diamond Resorts agreed to be taken private in an all-cash transaction worth approximately $2. 2bn.
Results round-up
Passenger transport operator Stagecoach posted final results for the year to 30 April on Wednesday, with adjusted earnings per share rising 3. 7% to 27. 7p.
UK Labour's Corbyn resisting calls to stand down
Embattled UK Labour Party leader Jeremy Corbyn faces a formal challenge for his position after a 75% of his MPs supported a no-confidence vote.