Headline News
'We are significantly closer to neutral', Fed's Powell says
The US central bank cut rates as expected but policymakers indicated that they were now anticipating fewer reductions in 2025.
Merck in global license agreement with Hansoh Pharma for weight-loss drug
Merck said on Wednesday that it has signed an exclusive global licensee agreement with Chinese biopharmaceutical firm Hansoh Pharma for weight-loss drug HS-10535.
Factory output falls at fastest rate since mid-2020 - CBI
Output volumes in the manufacturing sector fell in the quarter to December at the fastest pace since mid-2020, according to the latest Industrial Trends survey from the Confederation of British Industry.
General Mills cuts guidance, shares fall
Shares in General Mills came under pressure on Wednesday, after the US food giant beat earnings expectations but cut its full-year outlook.
Halifax forecasts 'modest' house price growth in 2025
UK house prices are set to grow "modestly" in 2025, Halifax said on Wednesday, following a better-than-expected performance over the last 12 months.
Honda and Nissan exploring mega merger amid EV uncertainty - report
Japanese car giants Honda Motor Co and Nissan Motor Co are exploring a potential merger, it was widely reported on Wednesday.
UK house prices push higher while rents rocket - ONS
UK house prices sparked in October, government data showed on Wednesday, as the market continued to strengthen, while average rents surged by more than 9%.
Shoe Zone cites Budget changes as it warns on profits, shares tank
Shoe Zone warned on profits on Wednesday and said it would be forced to close some stores due to changes announced in the Budget, sending shares in the retailer tumbling.
Amazon reportedly settles with UK drivers over self-employment dispute
Amazon has reached a settlement with thousands of UK delivery drivers, it emerged on Wednesday, who claimed the company deprived them of fair compensation by misclassifying them as self-employed.
Zotefoams halts investment in new tech, shares fall
Zotefoams announced it was halting investment in a new product on Wednesday, after the packaging specialist failed to secure a partner for the project.
IntegraFin flags higher costs and lower fees, shares tumble
Shares in IntegraFin were sliding on Wednesday morning, after the operator of the 'Transact' investment platform reported a robust full-year financial performance, but flagged rising costs and lower fees for some of its services going forward.
UK inflation pushes higher to reach 2.6%
UK inflation reached 2. 6% in November, official data showed on Wednesday, the second consecutive monthly rise.