Market Pulse
FTSE 250 movers: Victrex rallies on Liberum note; Entertainment One drops on rights issue
London’s FTSE 250 index was up 1. 2% to 16,640. 16 at 1507 BST, rising in line with the broader market which rebounded from losses in the previous session.
Thursday preview: China manufacturing and services PMIs in spotlight
The market will be zooming in on China manufacturing and services data on Thursday amid worries about the slowdown in the world’s second largest economy.
Broker tips: HSBC, Shire, Aviva
UBS upgraded HSBC to ‘buy’ from ‘neutral’ saying the risk/reward on the shares has shifted to the upside.
Uber's expansion accelerates, as ACT authorities legalise ride-sharing services in Canberra
Canberra is to become the first Australian city to allow the legal and regulated use of ride-sharing services such as Uber.
Axel Springer continues media buy up, purchases Thrillist Media Group stake
Axel Springer is looking to buy a minority stake in Thrillist Media Group, its chief executive told CNBC on Wednesday.
FTSE 100 movers: Sainsbury leads the pack; Glencore and Wolseley rebound
After a poor start to the week, the FTSE 100 rebounded to 6,031. 13 mid-afternoon Wednesday, up 121. 89 (2. 06%).
Russia begins airstrikes in Syria hours after approving use of military forces
Russia has launched airstrikes in Syria just hours after receiving parliamentary approval to use military forces against Islamic State (ISIL) extremists, a US defence official has revealed.
FX Roundup: Dollar retreats from previous highs; euro falters
The dollar retreated to lower levels on Wednesday, shedding the previous session’s gains against a basket of global currencies, while the euro also fell against selected currency crosses.
Graphene Nanochem interim loss widens slightly
Graphene Nanochem posted a slightly wider first-half pre-tax loss as it continues to focus on higher-margin products.
US job gains accelerate slightly in September, ADP says
The US private sector generated 200,000 jobs in September, boosted by hiring at the largest corporations, according to private consultancy ADP.
World Bank cuts GDP forecasts for Russia, warns of rising poverty
Russia would remain at risk of falling into a medium-term ‘low-growth trap’ if it did not pursue and sustain deep economic reforms, the World Bank said.
At least six dead in China explosions
Explosions in south China have killed six people and injured dozens more, according to reports from state-run media.
WPP's Grey Healthcare buys minority stake in US-based OptimizeRX
WPP’s wholly-owned operating company Grey Healthcare Group has acquired a minority interest in US-based OptimizeRX Corp (OPRX) for an undisclosed sum.
Aviva gets a boost from Charles Stanley upgrade
Aviva got a boost on Wednesday as Charles Stanley upgraded the stock to ‘accumulate’ from ‘hold’.
Glencore rallies as it reassures over debt situation
Glencore rallied after it said it has taken proactive steps to position the company to withstand current commodity market conditions.
Diageo said to be planning sale of wine brands
Brewer Diageo is reportedly in talks about a sale of its wine brands as it responds to City pressure to improve its performance.
Russia approves military forces in Syria to fight ISIL
The Russian parliament has voted to back President Vladmir Putin’s proposal to send military assistance into Syria.
Strat Aero to buy unmanned aerial vehicle company Geocurve
Aerospace company Strat Aero has entered into an agreement to acquire privately-owned unmanned aerial vehicle company Geocurve Holdings.
US mortgage application decline in week to 25 September, MBA says
Applications for US home mortgages fell last week, data released on Wednesday showed.
Wednesday newspaper tips: What to do with Wolseley
To sell or not to sell – that's the question when it comes to Wolseley according to Wednesday’s newspaper share tips.