Market Pulse
McCarthy&Stone announces IPO and multi-billion pound investments
McCarthy&Stone announced its intention to float to help finance its multi-billion pound expansion plans.
US wholesale prices decline more than expected in September
US producer price index (PPI) declined more than expected in September, data released on Wednesday showed.
Walker Greenbank hikes dividend after first half growth
Walker Greenbank hiked its interim dividend 25. 7% after an encouraging first half of the year in which the interior decoration company increased sales thanks to investments in brands, new products and digital fabric printing innovation.
US retail sales miss forecast in September
US retail sales rose less than expected last month, figures released on Wednesday showed.
China's middle class overtakes the US, says Credit Suisse
According to Credit Suisse’s latest Global Wealth Report, just 0. 7% of the world’s adult population owns almost half of the world’s wealth, while 71%, or 3. 4m adults, have under $10,000, accounting for only 3% of global wealth.
Blackrock beats analysts' forecasts despite outflows in Asia Pacific
US asset manager Blackrock registered a small decline in profitability despite top line growth in the three months to 30 September.
Bank of America swings to third-quarter profit, beats expectations
Bank of America rose in pre-market trading after saying it swung to a third-quarter profit.
Al Noor and Mediclinic boards agree to merger terms
The boards of Al Noor and Mediclinic have reached an agreement on the terms of a possible merger.
Nissan snaffles eight-year International Cricket Council deal
Japanese car giant Nissan has signed an eight-year deal with the International Cricket Council (ICC) to become the sport’s main sponsor worldwide.
US mortgage applications plunge in week to 9 October, says MBA
Applications for US home mortgages tumbled last week, data released on Wednesday showed.
London midday: Stocks fall on mixed UK labour report, China deflation fears
The FTSE fell on Wednesday as traders processed a mixed UK labour market report and a worse-than-forecast slowdown in China inflation.
Wednesday newspaper share tips: Housebuilding boom to benefit Bellway investors
The housing market is again in the headlines as it was in the sights of The Times’ Tempus on Wednesday.
US pre-open: Futures edge lower ahead of raft of data and earnings
US stock futures edged marginally lower on Wednesday, as investors awaited a raft of economic data and corporate earnings.
Asia: More disappointing Chinese data drags region's markets lower
All Asian markets fell on Wednesday as data showed China’s consumer inflation slowed down in September and domestic demand remained weak.
Esure appoints Angela Seymour-Jackson as non-exec director
Insurer Esure has appointed industry veteran Angela Seymour-Jackson as a new non-executive director and member of its risk and remuneration committees with immediate effect.
Europe midday: Stocks in the red as Chinese data fuels worries about growth
European stocks fell as investors digested another round of disappointing Chinese data.
Sula Iron plunges after placing
Shares in Sula Iron & Gold plunged over 30% on Wednesday after the group raised £500,000 from a discounted placing.
Galasys wins Chinese theme park contracts
Galasys has won two new contracts in China worth RMB4. 86m (£0. 5m).
Swatch launches mobile payment watch in China
Swiss watchmaker Swatch has teamed up with state-run China UnionPay Co and state-controlled lender Bank of Communications to develop a mobile-payment watch.
Sainsbury's to pull out of mobile market as talks break down
Sainbury’s has confirmed it is shutting down its mobile network on January 15.