Market Pulse
US close: Stocks rebound but not enough to stop worst quarterly declines since 2011
US stocks followed the global trend on Wednesday and rebounded from the losses of the week, with traders getting a bit of comfort as some stocks fought off quarterly declines.
Sector movers: Mining stocks climb as Glencore reassures market
Mining, metals and oil stocks pulled the FTSE 100 higher on Wednesday, reversing the previous session’s declines as miner Glencore sought to reassure the market.
London close: Stocks buoyed by Glencore and Sainsbury's
The FTSE rose on Wednesday as a batch of negative economic data was offset by gains in supermarket stocks and a rebound in Glencore.
Market overview: FTSE ends higher on Sainsbury, Glencore
1630 (close): The FTSE 100 ended up 2. 58%, buoyed by supermarket stocks and a rebound in Glencore. Glencore dominated London's top index after saying it has taken proactive steps to position the mining company to withstand current market conditions including weak commodity prices. The group’s stocks plunged on Monday after Investec highlighted debt concerns and said there was little equity value for shareholders. J Sainsbury also rallied after saying it expected full-year underlying pre-tax profit to be moderately ahead of its £548 forecast, lifting shares in Morrison Supermarkets and Tesco.
CMA to accept Müller's undertakings in Dairy Crest deal
Dairy Crest said Britain’s Competition and Markets Authority (CMA) will accept the ratified proposal by Müller UK & Ireland Group for the purchase of Dairy Crest’s dairies business.
Europe close: Stocks rally to end dismal quarter on upbeat note
European equity markets gained ground on Wednesday, as investors digested a raft of mixed economic data that might see the European Central Bank extend its stimulus programme.
China reforms and US interest rate hike are 'necessary and healthy', says IMF's Lagarde
The head of the International Monetary Fund has said changes in Chinese policy and the looming US interest rate hike are “necessary and healthy”.
Over one million UK cars in VW emissions scandal
Nearly 1. 2m vehicles in the UK have cheat emissions software installed, Volkswagen revealed on Wednesday.
UK current account deficit narrows more than expected, ONS reveals
The UK's current account deficit narrowed more than expected in the second quarter, the Office for National Statistics revealed on Wednesday.
Thomas Cook appoints new senior independent director
Travel operator Thomas Cook has appointment Dawn Airey as senior independent director to replace Carly Symon.
US oil stocks remain at 80-year highs
Oil stocks were at 80-year highs for this time of year last week, according to government figures.
Porsche appoints Oliver Blume as new CEO
Sports car manufacturer Porsche has appointed production chief Oliver Blume as its new chief executive officer with effect from 1 October, succeeding Matthias Mueller.
US open: Dow rallies over 200 points after solid ADP report
US stocks rallied early on Wednesday, following a better-than-expected private sector employment report, while investors awaited a number of Federal Reserve speakers.
Darty surges as Fnac makes £533m approach
Darty rocketed on Wednesday after announcing it has received a proposed all-share £533m offer from French books and music retailer Fnac.
Goldman Sachs reinstates Rolls-Royce at 'buy'
Goldman Sachs reinstated coverage of Rolls-Royce at ‘buy’ with a new price target of 966p.
VW staff acted "criminally" over emissions scandal, says board member
A Volkswagen board member has told the BBC some staff acted criminally over the emissions scandal.
Learning Technologies Group sells shares to pay for house renovations
There have been a few director dealings for Learning Technologies Group on Tuesday.
Chicago PMI falls into contraction territory in September
Manufacturing output in the Chicago region fell into contraction territory in September, data released on Wednesday showed.
Electrocomponents appoints Sally Adams as acting finance director
Electrocomponents has appointed Sally Adams as acting group finance director with immediate effect as Simon Boddie steps down from the role.
Commodities: Base metal futures in tepid recovery; oil and gold falter
Base metals registered lacklustre recovery levels on Wednesday, as oil and gold futures slipped into negative territory yet again in European trading.