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Volvo may pull Tesla Model 3 rival off the market due to tariffs
Volvo’s Polestar electric car brand warned on Wednesday that US tariffs on Chinese vehicles could force its rival to Tesla's Model 3 too expensive to sell in the States.
North Korea is rebuilding a rocket test site
New satellite images of North Korea from the Center for Strategic Studies’ Beyond Parallel project and 38 North suggest that the country's government is rebuilding a rocket launch site it had vowed to dismantle.
FX round-up: Sterling little changed, Aussie and Loonie weaker
Sterling finished the session flat against the other majors, with traders apparently choosing to stay on the sidelines ahead of the two main risk events of the week: the European Central Bank's policy meeting on Thursday and US non-farm payrolls figures on Friday.
Commodities: Energy futures drag after DoE reports build in product stockpiles
Commodities were under pressure on Wednesday following the release of a 'bearish' reading on weekly US crude oil stockpiles, as traders kept a close eye on the news-flow around the ongoing US-China trade talks.
US oil inventories jump during latest week, DoE says
US crude oil stockpiles soared last week, official data showed, but only due to a sharp increase in net imports, even as product inventories were run down, pointing to resilient demand, analysts said.
Europe close: Stocks end lower after brief intra-day spike on report of more ECB stimulus
Stockmarkets on the Continent were little changed by the end of trading on Wednesday, even as the rich world's economic watchdog took an axe to its forecasts for growth in the Eurozone.
Broker tips: Burberry, Taylor Wimpey, Bovis, Persimmon
Burberry was under the cosh on Wednesday as Goldman Sachs cut its stance on the stock to ‘sell’ from ‘neutral’ and reduced the price target to 1,855p from 2,148p, pointing to a demanding valuation.
Thursday preview: ECB, US-China trade firmly in focus
The market spotlight on Thursday will be firmly on the European Central Bank, as rate-setters in Frankfurt present the latest staff macroeconomic projections, possibly setting the stage for a new package of medium-term loans for the bloc's banking sector to be unveiled.
Berenberg praises UK construction firms following strong start to the year
Analysts at Berenberg took a fresh look at the British construction sector on Wednesday, reiterating its positive stance on UK housebuilders after a strong start to the year.
FTSE 250 movers: Contour Global powers down, Ultra Electronics surges
London's FTSE 250 was down 0. 16% at 19,412. 86 in afternoon trade on Wednesday, as power generation outfit Contour Global drove the index lower.
London close: Shares finish on a mixed note despite dip in the pound
London equity markets put in a mixed performance on Wednesday, helped along by a stellar performance from Paddy Power Betfair and strength in the tobacco sector, but with Brexit and Sino-US trade worries limiting the upside.
Sector movers: Big tobacco lights up, life insurers dragged down
The tobacco sector made the difference on Wednesday, while life insurers lagged.
Legal & General results on target
Legal & General lifted its total dividend 7% for 2018 and assured that its growth should be unaffected by ongoing political and economic uncertainty.
BATM anticipates beating market expectations in 2019
BATM Advanced Communications' shares climbed on Wednesday after stating that it anticipates achieving revenue and earnings growth "ahead of market expectations" for 2019 following strong annual revenue growth the year before.
FTSE 100 movers: DS Smith rallies on disposal; Burberry hit by downgrade
London’s FTSE 100 was up 0. 1% to 7,189. 69 in afternoon trade on Wednesday.
Challenging start to 2018 dents annual profits at IWG
Serviced office firm IWG saw profits fall in 2018, after a 'tough' start to the year, and said it would close more UK sites in the current year.
Target beats the Street in best holiday quarter since 2005
Target turned in its strongest holiday trading period earnings in 13 years on Tuesday, boosted by sales at stores that had been open for at least a year.
US open: Stocks open lower as US-Sino relations remain firmly in focus
Wall Street stocks opened slightly lower on Wednesday as investors continued to keep an eye on any trade developments between the US and China.
Director dealings: Big Yellow chairman lowers stake
Big Yellow chairman Nicholas Vetch lowered his stake in the FTSE 250-listed self-storage firm on Wednesday.
Just Eat results get cool reception
Just Eat reported underlying annual profits growth at the top end of its recent guidance as the online takeaway food platform competes in an increasingly competitive market.