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London open: Stocks gain on US rate cut hopes
London stocks rose in early trade on Wednesday as weaker-than-expected US jobs data fuelled expectations of a rate cut by the Federal Reserve later this year.
Workspace losses swell, but CEO predicts improving valuations
Office owner and operator Workspace Group reported strong rental income growth in the year to 31 March, though losses widened substantially due to falling property valuations.
Asia report: Shares mixed as investors mull Australia GDP, India election
Asia shares were mixed on Wednesday as investors assessed the Indian election result, Australian GDP figures which showed slight growth in the first quarter, and private sector services survey data from China.
China’s services sector expands again in May - Caixin
Activity in China’s services sector accelerated in May at its fastest pace in 10 months, according to data released on Wednesday.
Paragon Banking profits soar, lifts buyback, lending forecasts
Specialist lender Paragon Banking more than doubled interim profit and said it would extend its share buyback by up to £50m as customer demand returned after the ‘mini-budget’ fiasco of Liz Truss’s short-lived government last October.
London pre-open: Stocks seen up ahead of BoC, ADP report
London stocks were set to rise at the open on Wednesday following losses in the previous session and a firmer close on Wall Street.
B&M earnings at top end of guidance, Centrica trading in line
London open The FTSE 100 was called to open around 50 points higher.
Wednesday newspaper round-up: Airbus, Tesco, Royal Mail, Mike Lynch
Britain’s next government will need to fill a shortfall of up to £33bn in the public finances unless it is prepared to push through a fresh round of severe austerity measures, a thinktank has warned. The Resolution Foundation said the debate between Labour and the Conservatives over the funding of specific pledges was “detached from reality”, with election promises based on cuts that would be hard to deliver. – Guardian.