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London midday: Stocks maintain mild losses as investors mull construction data
London stocks are still in the red at midday as investors sift through a raft of corporate news and digest the latest reading on the UK construction sector.
UK will face €100bn Brexit bill, but Davis says 'we will not pay it'
Brexit minister David Davis said the UK will not cough up €100bn in any deal to leave the European Union, and will only pay what is legally due.
Asia report: Markets mixed on quiet day as attention turns stateside
Markets in Asia finished mixed on Wednesday, with Wall Street gains overnight setting a solid start to the session, but anxiety over the results of the Federal Reserve meeting took over towards the end of the day.
Trakm8 secures contract extension with Direct Line Group
Shares in Trakm8 Holdings advanced more than 7% as investors cheered a contract extension with motor vehicle insurer Direct Line Group.
Wednesday broker round-up
Burberry: RBC downgrades to Underperform with a target price of 1530p.
US pre-open: Stocks seen touch weaker as investors eye Fed, ADP report
US futures pointed to a slightly weaker open on Wall Street as investors eyed the latest rate announcement from the Federal Reserve and digested some uninspiring earnings from Apple.
Apple announces buyback as iPhone sales drop
US tech giant Apple Inc reported a drop in iPhone sales during its fiscal second quarter, but earnings came in higher than analysts expected, while it pleased investors further with promises to return some of its humongous $257bn cash pile.
Kodal confirms more high-grade lithium mineralisation at Bougouni
Kodal Minerals has confirmed more high-grade lithium mineralisation from the first-pass drilling at the new prospects "Sogola-Baoule" and "Boumou" at the Bougouni Lithium Project in Southern Mali.
Alba Mineral Resources widens FY loss
Alba Mineral Resources has widened its full-year pre-tax loss as it seeks to commercialise its UK oil and gas investments.
Eurozone factory gate prices retreat more than expected in March
Factory gate prices in the euro area retreated by more than expected in March as the cost of energy continued to fall back.
Intu pleased with rental progress, though Brexit risk looms
Shopping centre investor and operator Intu Properties posted a trading update for the period from 1 January to date on Wednesday, in preparation for the company’s annual general meeting, reporting continued active retailer demand with 42 long term leases agreed during the period.
Pennant receives contract extension from Lockheed Martin
Integrated logistic support solutions, products and services supplier Pennant International Group confirmed on Wednesday that its wholly owned subsidiary, Pennant Training Systems, had been notified that Lockheed Martin UK had exercised its option to increase the value of the contract announced on 16 June 2016.
Euro area Q1 GDP reinforces belief ECB to shift guidance in June
The Eurozone economy maintained a steady rate of expansion at the start of the year, which economists said confirmed the confident note on growth sounded by the European Central Bank the week before.
OneSavings Bank starts strong amid 'exceptionally strong' mortgage demand
OneSavings Bank grew its loan book 5% in the first quarter, a doubly good result considering the challenger bank's very strong start last year.
M&S poaches Halfords boss McDonald to run non-food arm
Halfords Group has lost another chief executive to a larger retailer, with Jill McDonald poached by Marks & Spencer to be managing director of its non-food business.
Ryanair traffic jumps 14% in April
Budget airline Ryanair reported a 14% jump in traffic in April.
Wizz Air reports bumper April as passenger growth beats capacity increase
Central and Eastern Europe-focussed low cost airline Wizz Air posted its passenger statistics for April on Wednesday, with passenger numbers for the month improving 30. 5% year-on-year to 2. 32m.
UK construction sector unexpectedly picks up in April
Growth in the UK construction sector unexpectedly picked up in April, according to data released on Wednesday.
London open: Stocks edge lower amid earnings spree; construction data eyed
London stocks edged lower in early trade amid a raft of corporate news, with Brexit and the French election firmly in focus as investors looked to the latest policy announcement from the Federal Reserve.
ITV chief Adam Crozier steps down, fuelling takeover talk
ITV chief executive Adam Crozier has stepped down from his role at the broadcaster after seven years, with no direct replacement appointed yet.