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US close: Wall Street extends highs but softer oil limits gains
Wall Street's Dow Jones and S&P 500 indices inched higher to extend their all-time highest closes for the fourth day on Wednesday as falling oil prices put the brakes on any larger gains.
Wednesday newspaper share tips: Asos, Premier Oil
Markets had fallen in love with Asos again, as the company continued to execute the same strategy as Amazon. com before it, pursuing high-turnover and low margins at the same time, thus creating barriers to entry for competitors, the Financial Times's Lex column said.
Oil futures fall after DoE data reveal smaller than expected inventory drop
Crude oil inventories Stateside fell by less than expected last week, pushing crude oil futures over the edge.
Europe close: Stocks drift lower
European stocks edged mostly lower, with the UK in focus again as Theresa May takes over from David Cameron as Prime Minister.
Thursday preview: Bank of England expected to cut interest rates
The Bank of England is widely expected to cut interest rates by 25 basis points on Thursday to cushion the blow of the Brexit vote.
Conygar submits planning permission for two developments in Haverfordwest
Property investment and development company Conygar Investment said on Wednesday it had submitted two planning applications to Pembrokeshire County Council to develop its land.
Small caps news round-up
Rare Earth Minerals reported on Wednesday thatMacarthur Minerals, in which it owns a 15. 5% shareholding, has entered into a new conditional farm-in agreement. The AIM-traded company said that Macarthur has agreed to enter into a conditional, binding memorandum of understanding for a Canadian lithium company to farm in, for an initial 51% interest in Macarthur’s Australian lithium acreage at Ravensthorpe, for a minimum expenditure of AUD 2m.
Broker tips: Inmarsat, GVC Holdings, ASOS
Broker Jefferies reiterated its 'buy' recommendation on Inmarsat, sparked by reports that AirAsia has chosen the satellite company as a 'connectivity provider' for the carrier's newly announced Airbus fleet.
London close: Stocks gain as Bank of England policy eyed
London stocks gained on Wednesday as Theresa May succeeded David Cameron as Prime Minister and as investors awaited the Bank of England’s policy decision.
Rajoy rejected by Socialists again after Spanish elections
Spain's political crisis looks set to rumble on as the Socialist party rejected another attempt from the Popular Party to form a coalition.
Rare Earth Minerals investment enters new farm-in agreement
Rare Earth Minerals reported on Wednesday that Macarthur Minerals, in which it owns a 15. 5% shareholding, has entered into a new conditional farm-in agreement.
TP Group trades in line in first half
Specialist technology, engineering and managed solutions company TP Group released a trading update ahead of its interim results on Wednesday.
Trinity Exploration suspends trading due to debt uncertainty
Trinity Exploration and Production (E&P) suspended trading on AIM on Wednesday due to its inability to curb its debt.
Amazon Prime Day was company's "biggest ever day"
Amazon seemingly hit gold on Tuesday as their Prime Day was hailed as "the biggest ever day" for the company, with record sales recorded in the US and worldwide.
Results round-up
Pub operator JD Wetherspoon reported a rise in sales and said it expects to see an improvement in the UK’s prospects following the vote to leave the European Union.
Fenner's full year expectations unchanged despite no market recovery
Industrial polymer-based manufacturer Fenner said its full year expectations remain unchanged despite its principal markets having shown no recovery.
UK airports offering parity between euro and pound
Those British citizens heading off on holiday this summer should avoid last-minute currency exchanges at the airport, as some Uk terminals now have stalls offering parity between the pound and the euro, according to the Guardian.
E2v technologies' finance director steps down
Technology provider e2v technologies has announced that its finance director Charles Hindson is stepping down after seven years of service.
US open: Stocks waver after two-day rally
US stocks struggled for direction on Wednesday following a two-day rally.
GW Pharmaceuticals keen on $150m US offering
Developer of cannabinoid therapies GW Pharmaceuticals announced on Wednesday that it intends to sell, subject to market and other conditions, $150m of American Depositary Shares representing ordinary shares of GW on the NASDAQ Global Market, in an underwritten US public offering.