Headline News
Bank of Canada cuts rates for third time in a row, to 4.25%
The Bank of Canada cut its benchmark rate on Wednesday to 4. 25% from 4. 5%, in line with economists’ expectations, amid easing inflationary pressures.
US job openings fall short of forecasts in July, but hiring and quits rise
The number of open job positions in the US slipped in July, but Americans were a tad more confident when it came to risking trying to change employers.
CMA clears Microsoft acquisition of Inflection AI assets
The Competition and Markets Authority (CMA) has approved Microsoft's acquisition of key personnel and intellectual property from Inflection AI, it announced on Wednesday, determining that the deal does not significantly impact competition in the artificial intelligence (AI) market.
Nordstrom gets $23 a share buyout proposal from family founders, Liverpool
Nordstrom confirmed on Wednesday that it has received a buyout proposal from members of the Nordstrom family and Mexican retailer El Puerto de Liverpool (Liverpool) at $23 per share.
US trade deficit yawns wider in July amid jump in technology imports
America's shortfall on trade with the rest of the world worsened as expected in July as outlays on imports surged.
Barratt profits slump on weak demand, high mortgage rates
House builder Barratt reported a 75% plunge in annual profit, citing cost-of-living pressures, much higher mortgage rates and limited consumer confidence.
UK business activity picks up at fastest pace since April
Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday.
Wizz Air announces first A321XLR long-range route
Wizz Air confirmed its first route using the new Airbus A321XLR long-range narrowbody aircraft on Wednesday, with direct flights between Milan Malpensa and Abu Dhabi.
Chapel Down slumps as CEO departs, profits slide
Chapel Down tumbled on Wednesday as it announced the departure of its chief executive and reported a drop in first-half profits and revenue.
Hilton Food reports first-half profit growth, statutory revenue slides
Hilton Food Group reported strong first-half profit growth and increased volumes on Wednesday, although revenue slid more than 8% on a statutory basis.
Alpha Group confident after first half growth
Alpha Group International reported a strong first-half financial performance on Wednesday, with revenue growth across its divisions and a solid profit increase, despite challenging market conditions.
Segro to buy Tritax for £1.1bn including debt
Segro said on Wednesday that it has agreed to buy rival Tritax EuroBox in a deal with an implied enterprise value of around £1. 1bn including debt.