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US pre-open: Futures trade higher ahead of ADP jobs report
Wall Street futures were in the green ahead of the bell on Wednesday as market participants looked ahead to employment statistics from payrolls firm Automatic Data Processing.
Europe midday: Rate cut optimism sees Stoxx extend gains
European shares extended gains on Wednesday as a softer US jobs market report increased hopes of a cut in US interest rates, while investors also looked ahead to a similar move from the European Central Bank tomorrow.
London midday: Stocks stay up ahead of ECB rate cut
London stocks were still firmer by midday on Wednesday as weaker-than-expected US jobs data fuelled expectations of a rate cut by the Federal Reserve later this year and ahead of expected cuts by the Bank of Canada and the European Central Bank.
Tungsten West CEO makes abrupt exit
Shares in tungsten and tin miner Tungsten West were volatile on Wednesday after the Hemerdon mine owner announced the abrupt exit of its chief executive officer.
Future's stock has further to run, says JPMorgan
JPMorgan has recommended keeping an 'overweight' position in shares of Future despite the huge jump in the British publisher's stock over the past year, saying the investment case is still "compelling" at these levels.
Tiktok takes measures to block cyber attack
Chinese social media giant TikTok has taken measures to halt a cyber-attack aimed at several brand and celebrity accounts.
Modi loses majority in India election, but will still form govt
Narendra Modi’s ruling Bharatiya Janata Party has lost its parliamentary majority in India's general election, leaving the prime minister to negotiate with regional coalition partners in order to form a government.
UK services sector expands in May, price pressures ease
The UK’s services sector continued to expand last month, a closely-watched survey showed on Wednesday, although the pace of growth eased.
Electric and hybrid sales drive new car registrations higher in May
New car sales in the UK climbed in May on the back of strong growth in hybrid and electric vehicles, offsetting a decline in demand for diesel and petrol models.
Angle unveils plans to raise more than £10m
Liquid biopsy specialist Angle is to raise more than £10m to support future growth, the UK company announced on Wednesday.
Ramsdens H1 PBT rises amid 'continued growth'
Pawnbroker Ramsdens said on Wednesday that pre-tax profits had risen in the six months ended 31 March on the back of "continued growth" across all key income streams.
Discoverie operating profits up double-digits YOY
Electronic components manufacturer Discoverie reported a double-digit increase in profits for the year ended 31 March, thanks to strong growth in underlying operating margins.
Citi opens 90-day ‘positive catalyst watch’ on Pearson shares
Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
First-quarter sales jump at Inditex
Zara-owner Inditex posted "robust" first-quarter numbers on Wednesday, as sales comfortably met expectations.
Eurozone composite PMI revised slightly lower, but still hits 12-month high
Economic growth in the eurozone's private sector was revised slightly lower for May, according to final estimates of the region's composite purchasing managers' index (PMI) by S&P Global and Hamburg Commercial Bank (HCOB).
Ninety One full-year AuM fall, dividend cut
Ninety One posted a drop in full-year assets under management on Wednesday and cut its dividend as it said business conditions remained "challenging".
Jupiter Fund Management's Ben Whitmore to stay on until October
Jupiter Fund Management said on Wednesday that star fund manager Ben Whitmore will remain with the company until October after news of his exit wiped millions from its valuation back in January.
B&M profits at top end, but lack of guidance disappoints
Annual operating profits at B&M European Value Retail came in at the top end of guidance, but shares fell sharply on Wednesday after the discount retailer offered no firm guidance for the current financial year.
WH Smith holds on to guidance despite Q3 sales slowdown
Stationary and book retailer WH Smith said it remains on track to hit full-year forecasts despite a slowdown in sales growth in third quarter, as strong growth in the travel division was tempered by falling sales on the high street.
Senior opens new French production facility
Manufacturing and engineering business Senior has opened a new production facility in Fossé, France.