Market Pulse
Currency causes full-year headaches for SABMiller
Megabrewer SABMiller reported a 10% drop in revenue for the year in its preliminary results on Wednesday to $19. 8bn, though the company did claim 7% organic revenue growth at constant currencies in the year to 31 March.
London pre-open: Stocks seen lower as attention shifts to Fed
London stocks were expected open lower on Wednesday amid rising expectations the Federal Reserve will hike interest rates in June.
Wednesday newspaper round-up: Brexit, BHS, Heathrow
Almost £1bn in annual research funding would be thrown into doubt if the UK left the EU, according to a study warning that quitting the bloc could turn Britain into the “poor cousin” of European science. A quarter of all public funding for research in the UK comes from the EU, making the country the second-biggest recipient after Germany. The data, which also revealed the high level of EU science funding for UK universities, were published in a report by Digital Science, a research software company.