Market Pulse
Wednesday preview: Federal Reserve announces interest rate decision
The Federal Reserve is widely expected to keep interest rates unchanged when the central bank announces its latest policy decision on Wednesday.
Hornby appoints Steve Cooke as new CEO
AIM-listed model train maker Hornby has appointed current group finance director Steve Cooke as its new chief executive with immediate effect.
Europe midday: Stocks mixed as investors digest earnings, look to Fed
European stocks were mixed on Tuesday as oil prices recovered and investors sifted through a deluge of corporate news at the start of the Fed’s two-day policy meeting.
BofA Merrill Lynch sees case for summer rate hike by the Fed
The Federal Reserve is likely to hike rates again this summer, potentially in June if the global market selloff ahead of the Brexit vote is limited, otherwise in July, according to Bank of America Merrill Lynch.
Standard Chartered surges as first-quarter loan impairments fall
Standard Chartered posted a 59% drop in first-quarter profit amid depressed commodity prices, volatility in Chinese markets and weak emerging market sentiment, but investors welcomed signs the bank was beginning to turn things around as loan impairments dropped.
London midday: Stocks rise after slate of corporate earnings
London stocks edged higher on Tuesday as traders digested a raft of corporate earnings.
WPP buys Dutch design agency
Media agency WPP has acquired Dutch design agency Central Holding Du Bois Ording (dBOD) for an undisclosed sum.
US pre-open: Stocks seen slightly higher ahead of earnings, data deluge
US futures pointed to a slightly higher open on Wall Street as the Federal Reserve’s two-day policy meeting kicks off and ahead of a slew of earnings and data releases.
Mitsubishi falsified mileage tests back to 1991
Japanese automaker Mitsubishi Motors revealed on Tuesday that it had uncovered evidence of tampering with mileage testing data for its cars dating back to 1991.
Paddy Power Betfair boosted by Morgan Stanley upgrade
Paddy Power Betfair got a boost on Tuesday as Morgan Stanley lifted its stance on the shares to ‘overweight’ from ‘equalweight’, saying the stock’s drop of over 20% in the last two months made for a compelling entry point.
Cobham tanks as it warns on profit, announces rights issue
Shares in FTSE 250 aerospace and defence group Cobham tanked after it proposed a £500m rights issue in the second quarter of the year as it reported a big drop in first-quarter trading profit.
Asia report: Investors keep wallets closed ahead of Fed, BoJ
Markets in Asia finished mixed on Tuesday as investors kept their wallets closed ahead of major central bank decisions due this week.
Carpetright reiterates full-year profit guidance
Carpetright reiterated its full-year profit guidance on Tuesday as it reported growth in like-for-like UK sales in a trading update for the 12 weeks ended 23 April.
Boohoo's full-year profit and revenue rise
Boohoo. com reported a rise in full-year profit and revenue, boosted by an expanded product range.
Scottish Power fined £18m for customer service failings
Scottish Power confirmed on Tuesday that it has agreed to pay out £18m for customer service failures.
Allied Minds secures £55m funding for up to ten new drugs
Science and technology development and commercialisation company Allied Minds announced a fresh $80m (£55m) of investment commitments on Tuesday, received through its newly-formed subsidiary ABLS Capital.
Europe open: Stocks edge higher as oil recovers; earnings in focus
European stocks edged higher in early trade as oil prices recovered and investors sifted through a raft of corporate news at the start of the Fed’s two-day policy meeting.
London open: Stocks move higher after corporate earnings
London stocks advanced on Tuesday as traders sifted through a batch of corporate earnings releases.
Jardine Lloyd Thompson performing well, says management
Insurance and employee benefits group Jardine Lloyd Thompson updated the market on its trading and performance on Tuesday morning, describing its position as strong ahead of its annual general meeting later in the day.
Harvey swaps PZ Cussons boardroom for Pacific retirement
Consumer products group PZ Cussons was losing its non-executive chairman to the allure of antipodes on Tuesday, with Richard Harvey announcing his intention to step down on 31 December and retire to New Zealand.