Market Pulse
Wednesday preview: FOMC meeting minutes take centre stage
The Federal Reserve on Wednesday releases the minutes of last month’s meeting, providing more details behind the central bank’s decision to keep interest rates unchanged.
FTSE 100 movers: Mining stocks slide but housebuilders gain
London’s FTSE 100 index was down 1. 2% to 6,091. 00 at 1437 BST, after data indicated a slowdown in UK economic growth in the first quarter.
Markit's US services PMI better than expected
Markit’s final US business services purchasing managers' index rose to 51. 3 in March from 49. 7 in March and the 'flash' estimate of 51. 0, back above the 50. 0 mark that separates contraction from expansion.
Twitter becomes a broadcaster with NFL deal
Twitter staked its claim as a sports broadcaster on Tuesday, with reports it had won the rights to show Thursday night American football games online.
Sainsbury's restructuring puts 'hundreds of jobs at risk'
The creation of a new management role at supermarket chain Sainsbury’s could put hundreds of jobs at risk, according to Britain’s biggest trade union.
Herencia secures short-term funding as Next deal 'progresses well'
Herencia Resources has secured up to $0. 5m of emergency funding from two shareholders that could keep it running until June, by which time it hopes to have completed the sale of its Picachos project for up to $5. 13m to Next Minerals.
Paddy Power Betfair to cut 650 back office jobs
Newly merged bookmaker Paddy Power Betfair is planning to axe 650 back office jobs in the UK and Ireland.
London midday: Stocks decline after UK services PMI
London stocks declined after data indicated a slowdown in UK economic growth in the first quarter.
US pre-open: Stocks seen lower as oil prices decline
US futures pointed to a weaker open on Wall Street amid falling oil prices.
Europe midday: Stocks in the red after weak data
European stocks fell on Tuesday, with cyclicals under pressure as soft data releases prompted growth concerns, and as oil prices declined.
Shanks full year trading in line
Waste-to-product business Shanks said trading for the year to the end of March was in line with the board’s expectations.
Bidding war heats up as ICE reportedly gets funding for LSE offer
The bidding war for the London Stock Exchange heated up on Tuesday following reports Intercontinental Exchange has secured funding from a trio of banks in preparation for a £10bn takeover bid.
Asia report: Markets follow US, oil prices lower
Markets in Asia ended Tuesday mostly lower, following their US counterparts overnight, with Japan slumping as the yen gained.
Blinkx sinks as breakeven proves elusive
Blinkx disappointed investors with a trading update that dashed hopes that the third quarter return to profitability would continue into the final months of the financial year.
Eurozone retail sales beat expectations in February
Retail sales in the Eurozone rose more than expected in February, according to data from Eurostat.
Mountfield boasts strong first quarter contract wins
Mountfield Group has got off to a strong start to 2016, with the construction and property support services winning 30 contracts of various sizes.
UK service sector growth remains sluggish in March
UK service sector growth remained sluggish in March as global economic uncertainty and worries about the upcoming EU membership referendum undermined business expectations.
Eurozone Composite PMI weaker than expected
Markit’s final Eurozone composite output index came in at 53. 1 in March, below the flash estimate and consensus of 53. 7, but a touch higher than February’s reading of 53.
Tesco slides as Deutsche Bank downgrades to 'hold'
Tesco was under pressure on Tuesday after Deutsche Bank downgraded its stance on the stock to ‘hold’ from ‘buy’ with an unchanged price target of 210p.