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Antofagasta improves copper production, reduces costs
Antofagasta posted its second quarter production update on Wednesday, with the company reporting a 5. 8% increase in copper production over the first quarter at 166,200 tonnes.
London open: FTSE touches yearly highs as ITV and St James lead rebound
London's FTSE 100 bumped around 12-month highs in early trading on Wednesday as the rebound since the Brexit vote continued thanks to some encouraging corporate results releases.
ITV hikes dividend as it warns ad revenues likely to slow in third quarter
ITV's revenue growth slowed in the latter part of the first half of the year and, as the broadcaster cautioned that television advertising is likely to be down in the third quarter, it hiked the interim dividend 26% to 2. 4p to keep investor's glued.
Renishaw FY profit slumps 44% but confident over outlook
Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit as revenue fell due to a drop in Asian orders.
Sterling slump post Brexit helps 3i boost Q1 NAV
Infrastructure investment group 3i said first quarter net asset value rose to 538p a share, up from 463p at the end of March as the company's portfolio benefited from the slump in sterling after the UK's vote to leave the European Union.
ARM revenues power ahead in second quarter
Chipmaker ARM Holdings posted its second-quarter numbers on Wednesday, with group revenues in USD growing 9% year-on-year to $387. 6m and 17% in GBP to £267. 6m in the three months to 30 June.
Taylor Wimpey sees no immediate impact from Brexit
Housebuilder Taylor Wimpey said the UK decision to leave the European Union in the month since the referendum vote had not impacted on trading as it reported a 12% percent rise in first-half pre-tax profits to £267m.
London pre-open: Stocks seen higher; FOMC in focus
London stocks were expected to open higher on Wednesday ahead of the Federal Reserve rate announcement and as Asian markets got a boost from rising stimulus expectations.
Capita sees short term Brexit worries as H1 pre-tax profits rise
Services group Capita said the UK decision to leave the European Union had increased uncertainty, particularly in the financial services sector, and it was “continuing to experience some delays in decision making in the short term”.
Wednesday newspaper round-up: Executive pay, BHS, Ofcom
A powerful investor group has thrown down the gauntlet to companies over "excessive" and "ineffectual" executive pay,presenting a 10-point plan it says will “rebuild trust” over bosses’ high levels remuneration. The report from the Investment Association, which represents firms managing £5. 5 trillion of assets, said it wanted to “simplify pay structures for company bosses” and “improve the alignment of their interests with those of shareholders who own their businesses”.
Capita seeing delays since referendum, ITV ad revenues decline
London open The FTSE was seen rising 16 points on Wednesday morning from the positive finish at 6,724. 03 the prior day.
Wednesday preview: US Fed, UK homebuilders in focus
Financial markets worldwide were expected to tread a cautious path on Wednesday until after the announcement of the US central bank´s policy announcement which wasn´t due until after the close of trading in London.