Market Pulse
SABMiller and AB InBev extend takeover deadline to 4 November
SABMiller and Anheuser-Busch InBev have extended the deadline for the Belgium-based company to make a formal takeover offer for the London-listed brewer by a week.
London pre-open: Stocks seen flat ahead of FOMC rate announcement
London stocks are expected to open flat on Wednesday as investors adopt a cautious stance ahead of the Federal Open Market Committee rate announcement, which is due after the European close.
Wednesday newspaper round-up: Shell, Morrisons, steel industry
Royal Dutch Shell is to take a $2bn writedown after cancelling its Carmon Creek project in the oil sands of western Canada, saying the decision was partly a result of a shortage of pipeline capacity in the region. It will also write off 418m barrels of oil from its reported proved reserves, about 3 per cent of its worldwide total at the end of last year. – Financial Times.
Next nudges profit guidance higher after solid third quarter
Third quarter sales at Next were up 6% and the retailer slightly increased its profit guidance for the full year.
Apple guides towards record sales in fourth quarter
Higher than expected margins at smartphone manufacturer Apple made up for lower than forecast revenues in the third quarter.
US close: Wall Street slips ahead of Apple and the Fed
US stocks slipped slightly lower on Tuesday, as investors digested a raft of economic reports and awaited quarterly earnings from Apple and Twitter, not to mention the US Fed´s policy decision the next day.