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Asia report: Markets mixed after weak US data
Markets in Asia ended Wednesday mixed, as weak services data out of the United States put the kibosh on the chances for a Federal Reserve rates rise in September.
UBS upgrades Aviva to 'buy', raises target price
UBS upgraded Aviva to ‘buy’ from ‘neutral’ on Wednesday and raised its target price to 505p from 395p, saying the insurance firm is positioned to deliver a “sector leading” dividend.
Irish parliament to debate EU appeal on Apple ruling
Deputies in the Irish parliament have been recalled early to debate the ruling by the European Commission that Apple failed to pay up to €13bn in taxes to the state.
Barratt Developments builds bright full-year results
Housebuilder and property developer Barratt Developments posted its annual results for the year to 30 June on Wednesday, with total completions rising 5. 3% to 17,319.
Vectura Group gains from Skyepharma merger as it raises expectations
Inhaled airways disease focused business Vectura Group raised expectations for 2016 as it said it is making progress with the June Skyepharma merger.
Fed's Williams reiterates call for rate increase "sooner than later"
President of the San Francisco Federal Reserve Bank John Williams reiterated his call for an increase in the Fed's interest rates "preferably sooner rather than later" and for a debate on the convenience of deploying a nominal GDP target.
BGEO Group appoints Kaha Kiknavelidze as CEO of Bank of Georgia
FTSE 250-listed BGEO Group, the holding company of the JSC Bank of Georgia, has appointed Kakhaber ‘Kaha’ Kiknavelidze as chief executive of the bank.
Airline stocks fly lower on Deutsche Bank downgrades
European airline stocks flew lower on Wednesday as Deutsche Bank downgraded its ratings on Ryanair, EasyJet, Air France-KLM and Lufthansa, saying forward-looking data is “simply too weak”.
Morgan Stanley upgrades Weir, sees higher capex from miners
Morgan Stanley upgraded its recommendation on Weir Group, telling clients the mining cycle was stabilising and that miners´ ability to spend was set to improve, with capital expenditures on replacement described as a "sweet spot".
CMC Markets tumbles after profits drop on 'puzzling' volatility dip
CMC Markets said first-half net operating income would be lower than last year, blaming a lower value of client trades on low levels of market volatility.
Sharp contraction in German industrial production in July
German industrial production sank in July pointing to a weak start to the quarter, although economists expected activity to bounce back in August.
Joules hails 'tranformational year' as profit, sales rise
Fashion retailer Joules, which listed on AIM in May, reported a rise in full-year profit as revenue grew in what it called a “transformational year”.
Ashtead Group lifts guidance as Q1 revenues gain from weak sterling
Industrial equipment rental company Ashtead Group’s revenue increased as it benefited from weak sterling in the first quarter, with management saying it expected full year results to be ahead of expectations.
UK house prices fall in August, Halifax finds
UK house price dropped last month with annual inflation slowing to its lowest level in almost three years, according to Halifax's seasonally adjusted index, although this contrasted with other industry data.
Europe open: Stocks waver as investors mull weak German data
European stocks wavered in early trade as investors digested some disappointing German data and looked ahead to Thursday’s rate announcement from the European Central Bank.
Worldpay slumps as Bain, Advent sell more shares than expected
Shares in payments processor Worldpay slumped on Wednesday as it emerged that private equity firms Advent International and Bain Capital LLP sold a bigger-than-expected stake in the company through their Ship Global 2 & Cy SCA vehicle.
London open: Stocks flat ahead of UK production data
London stocks were little changed in early trade as investors looked to the release of industrial production and manufacturing figures.
CLS Holdings completes Dusseldorf acquisition
CLS Holdings confirmed on Wednesday that it has completed the acquisition of Parsevalstrasse 11, Düsseldorf for €43. 6m including costs.
Ultra Electronics wins £7.5m contract
Ultra Electronics’ Command & Control Systems business has been awarded a £7. 5m contract from the Philippine Department of National Defence for Phase 3B of the Jacinto Class Patrol Vessel Restoration and Sustainment Programme.