Market Pulse
Vedanta profits plunge but cash and production keeps flowing
Interim revenues and profits at Vedanta Resources were hit by falling commodity prices as the India-focused miner provided more bad news for global oversupply of zinc and iron ore, saying it planned to take up any shortfall in zinc production being proposed by rivals and was also restarting iron ore operations in Goa.
Asia: Surge in Chinese stocks drives equity markets higher across the region
Asian equity markets rose on Wednesday, as Chinese stocks jumped on speculation Beijing will open a trading link between Shenzhen and Hong Kong by the end of the year.
Eurozone producer price index tumble in September
Eurozone producer prices in September fell at the fastest pace since the turn of the year, data released on Wednesday showed.
TyraTech raises GBP3.2m to expand Vamousse product range
Life sciences company TyraTech has conditionally raised £3. 16m before expenses through a placing and subscription of 105. 3m new share at 3p each.
Ryanair posts record October passenger numbers
Nearly 10m customers flew with Ryanair in October.
China Caixin PMI shows growth in services sector
Growth in China’s service sector picked up pace in October, figures released on Wednesday showed.
Wetherspoon slumps as it warns labour costs could dent profit
Wetherspoon shares slumped after the pub chain said its operating margin has fallen in the past few weeks and warned that increased labour costs could dent annual profits.
Capita on track to win race for Xchanging as Apollo bows out
Outsourcing group Capita appears set to win the race for Xchanging as Apollo Investment Fund has dropped out.
OneSavings Bank increases loan book value
OneSavings Bank has increased its net loans and advances for the first nine months of the year.
Craven House Capital surges on GBP30m financing agreement
Craven House Capital surged after the company said it has entered into a £30m financing agreement with New York-based Global Emerging Markets Group.
Xaar reaffirms full year revenue guidance
Digital inkjet print technology group Xaar said sales in the second half to date have been broadly consistent with its performance in the first six months of the year and it continues to expect full year revenue to be in the range of £92-95m.
UK services sector picks up momentum in October
Growth in the UK services sector picked up momentum in October, data released on Wednesday showed.
Volkswagen skids as emissions scandal widens
Volkswagen shares tumbled after the beleaguered German car maker admitted that the diesel emissions scandal also included petrol engines.
Eurozone service sectors continues to expand at steady pace in October
The Eurozone services sector in October expanded at a slightly slower pace than initially expected, figures released on Wednesday showed.
Countrywide slumps as lack of housing stock weighs on sales volumes
Countrywide warned full year profits will be lower than last year’s as the estate agency group has not seen the expected recovery in numbers of housing transactions, exacerbated by a lack of houses for sale.
Old Mutual reports strong third quarter sales growth
Old Mutual has seen a strong growth in sales for the third quarter for the year.
Stagecoach on the road to meet full year expectations
Stagecoach Group has seen strong growth across its UK operations in the first half of the year.
Europe open: Stocks push higher but VW tumbles as emissions scandal widens
European stocks rose in early trade, taking their cue from positive US and Asian sessions and lifted by encouraging comments from European Central Bank chief Mario Draghi.
Japan's service sectors continues to expand in October
The rate of expansion in Japan’s services sector picked up momentum in October, figures released on Wednesday showed.
London open: Stocks gain as China service activity improves in October
UK stocks gained on Wednesday after a report showed a pick-up in service sector growth in China.