Latest News
RICS reports slowdown in construction workload due to Brexit
Construction workloads slowed modestly across all sectors as the uncertainty surrounding Brexit and the political turmoil following the last elections weighed on investment decisions, a leading business lobby said.
Thursday preview: ECB treading a fine line, Sports Direct and Unilever report
European Central Bank chief Mario Draghi will tread a fine line on Thursday as the central bank's plans for reducing the size of its bond buying programme are under massive scrutiny.
Asiamet sees significant potential in BK area
Asiamet Resources, a copper-gold exploration and development company announced that the results of a sample collected from a copper in soil anomaly in the northern part of Beruang Kanan West, Indonesia which it said showed the significant potential of the area.
FX round-up: Calm ahead of ECB, BoJ storm?
A fairly quiet day of trading was seen today with a string of medium impact data released from the U. S. with the main focus being on housing and building.
US oil inventories drop more than expected during latest week
US crude oil inventories fell by more than expected during the latest reference week, official data revealed, even as imports picked-up.
Bonds: Market little changed ahead of ECB
These were the moves in the yields of some of the most widely-followed 10-year sovereign bonds: US: 2. 26% (+1bp)UK: 1. 19% (-2bp)Germany: 0. 54% (-1bp)France: 0. 80% (-2bp)Spain: 1. 56% (+0bp)Italy: 2. 19% (-0bp)Portugal: 3. 07% (+0bp)Greece: 5. 26% (+1bp)Japan: 0. 08% (+0bp) .
Commodities: WTI, NYMEX gasoline higher after DoE data
Softer than expected US oil inventory data gave the energy patch a lift late on Wednesday.
Results round-up
Power plant operator Drax increased operating profits by more than 70% in the first half of the year but slumped to a pre-tax loss after increases to depreciation and amortisation costs and unrealised losses on derivative contracts.
Broker tips: Hunting, Royal Mail, AA
Analysts at Morgan Stanley downgraded their recommendation on shares of Hunting and cut their target price, telling clients consensus was too upbeat about the prospects for activity in the oilfield services space and hence the company's top-line growth.
Europe close: Stocks bounce back ahead of Draghi
European stocks bounced back, buoyed by a dip in the single currency and positive company updates, amid talk that the European Central Bank might not be as near as some may have thought to tinkering with its guidance.
London close: Stocks ride higher on Wall Street's coattails
London stocks followed their US peers higher after a strong start to the trading day on Wall Street that saw the S&P 500 and Nasdaq Composite push further into record territory.
Spanish banker Blesa found dead in midst of credit card investigation
Infamous Spanish banking executive Miguel Blesa has been found dead at a hunting lodge in the country while an investigation into his part in a credit card scandal was ongoing.
US open: S&P 500, Nasdaq at record highs on strength in Morgan Stanley, Biotech
The S&P 500 and Nasdaq Composite pushed further into record territory on the back of better-than-expected results from Morgan Stanley, with tech shares pacing the advance despite weak numbers out of Big Blue thanks to a run-up in biotech shares.
Big Blue sinks after posting another quarter of falling sales
Shares of Big Blue hit a new year-to-date low after the company underwhelmed the market with yet another quarter of falling revenues, although its performance in cloud computing was a small offset.
Domino's master franchise continues to grow in Poland
Poland’s master franchise operator of the Domino’s Pizza fast food brand and system, DP Poland, reported total system sales as being 50% higher to PLN 27m in its first half on Wednesday, with 17% like-for-like growth in system sales year-on-year.
Haydale Graphene losses to be more than expected
Advanced materials group Haydale Graphene announced that total income for the financial year to 30 June would be in line with market expectations on Wednesday, which would represent a doubling over the prior year.
FTSE 250 movers: RPC surges on update but QinetiQ slumps
London's FTSE 250 was up 0. 3% to 19,676. 41 in afternoon trade.
Regulators lift restrictions on PCF Group banking licence
PCF Group received notification from both the Prudential Regulation Authority and the Financial Conduct Authority that the regulatory restrictions of the bank mobilisation period had been lifted on Tuesday, and it could now commence deposit-taking activities as a fully operational bank.
Venture Life awarded patent, signs new distribution deal
International consumer self-care group Venture Life signed a new long-term distribution agreement for its UltraDEX range, it announced on Wednesday, across four new markets.
Akzo Nobel CEO steps down amid looming threats to firm
Dutch paintmaker Akzo Nobel announced on Wednesday the immediate resignation of its chief executive officer, Ton Buechner for health reasons in the face of an aggressive campaign launched by activist investor Elliot Management and with the threat of a takeover by PPG industries hanging over the firm.