Headline News
ECB's De Guindos says direction of rates 'clear', but cautious in near-term
Luis de Guindos at the European Central Bank expressed confidence that interest rates were headed lower still, but perhaps more slowly than anticipated.
US CPI undershoots forecasts in May
The cost of living in the States was unchanged last month, leading markets to price in higher odds of a rate cut in September.
Bank of England on track to start cutting rates in August - poll
The Bank of England is expected to start cutting the cost of borrowing this August, a Reuters poll found on Wednesday.
FedEx to cut between 1,700 and 2,000 back office jobs in Europe
US parcel delivery firm FedEx said on Wednesday that it plans to axe between 1,700 and 2,000 back-office and commercial jobs in Europe as it looks to cut costs amid a slump in freight demand.
Starling sees profits surge, flags rise in bad loans
Challenger Starling Bank posted a jump in annual profits on Wednesday and reiterated its commitment to a possible stock market debut, despite a jump in bad loan provisions.
World facing 'staggering' supply surplus as demand for oil peaks - IEA
The world is facing a "staggering" oil supply surplus, a leading energy think tank warned on Wednesday, as output outstrips slowing demand.
UK rail regulator stops short of CMA referral for station catering
The UK rail regulator has recommended that catering outlets with leases due to expire should be put to competitive tender with simpler and standardised contracts introduced for new entrants, but stopped short of referring the industry to competition authorities.
China inflation nudges higher, narrowly misses forecasts
Inflation in China nudged marginally higher in May, official data showed on Wednesday, while producer prices eased.
Rentokil surges as Nelson Peltz's Trian said to have taken 'significant' stake
Rentokil surged to the top of the FTSE 100 on Wednesday following reports that activist investor Nelson Peltz’s Trian Fund Management has taken a "significant" stake in the pest control company.
Molten Ventures asset value rises in 'productive' year
Molten Ventures reported a gross portfolio value of £1. 379bn in its final results on Wednesday, a slight increase from £1. 371bn year-on-year, as net assets grew to £1. 251bn from £1. 194bn.
DFS cites weaker demand, Red Sea disruption as it warns on profits again
DFS warned on profits again on Wednesday as it pointed to weaker demand and Red Sea disruption.
UK economy stagnates in April
The UK economy stagnated in April, according to figures released by the Office for National Statistics on Wednesday, having just come out of a recession a month earlier.