Market Pulse
Sports Direct misleads with online Arsenal advert, finds advertising regulator
Sports Direct has been found guilty by advertising watchdog of making misleading offers for football kits on its website.
Empire State manufacturing back in expansion mode
Business conditions in the New York region improved more than expected, moving back into expansion territory, according to a survey from the New York Fed.
Hollywood Bowl plans IPO next month
Ten pin bowling lane operator Hollywood Bowl announced plans to float in London on Wednesday morning.
Tesco boosted as Barclays reiterates positive stance
Tesco racked up healthy gains on Wednesday as Barclays reiterated its ‘overweight’ stance on the stock, saying a price of around 150p is very attractive, ahead of what it expects to be a reassuring first-quarter trading statement next week.
London midday: Stocks rise as investors weigh mixed UK jobs report
London stocks advanced on Wednesday as investors weighed a mixed UK jobs report and awaited the Federal Reserve’s latest interest rate decision.
Europe midday: Stocks rebound as focus shifts to Fed
European stocks rose on Wednesday, recovering from the recent Brexit-driven losses as investors awaited the latest US rate announcement and comments from Federal Reserve Chair Janet Yellen.
UK unemployment rate falls to lowest since 2005
The UK unemployment rate unexpectedly fell to 5. 0% in the three months to the end of April, the lowest since 2005, but while the rate of job creation slowed, wage growth accelerated thanks the higher minimum wage.
US pre-open: Stocks set for modest rebound ahead of Fed announcement
US futures pointed to a slightly firmer open on Wall Street, bouncing back after four sessions of losses as investors awaited the latest policy announcement from the Federal Reserve, in particular comments from Chair Janet Yellen.
Asia report: Markets mixed after MSCI misses China
Markets in Asia ended mixed on Wednesday, with Chinese markets leading the gains as investors brushed off a decision from index provider MSCI on Tuesday not to include mainland-traded A-shares in its key emerging markets index just yet.
Jefferies initiates Wood Group at 'buy'
Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at ‘buy’.
Arria NLG losses widen but hopes high for 'virtual financial adviser'
Half year revenue fell at Arria NLG due to a loss of a major contract but the company has since diversified and launched a new 'virtual financial adviser' product to help SME businesses that it hoped will boost the second half of the year.
Steinhoff says considering bid for Poundland
South African-based Steinhoff International confirmed on Wednesday that it is considering a possible offer for the entire issued share capital of London-listed discount retailer Poundland.
Eurozone trade surplus widens in April
The Eurozone trade surplus widened in April, according to the latest figures from Eurostat.
CMA to probe price comparison sites after Ofgem snafu
An investigation into energy price comparison websites will be shifted to the Competition & Markets Authority (CMA) from sector regulator Ofgem.
Tesco and Sainsbury's at most risk from AmazonFresh
The Big Four supermarkets are most at risk of losing spend to AmazonFresh, according to research firm Nielsen, as the US online giant putting Tesco most at risk.
Liberum ups Jimmy Choo to 'buy' after trading update
Liberum upgraded Jimmy Choo to ‘buy’ from ‘hold’ with an unchanged target price of 135p after the company’s trading update.
Europe open: Stocks recover as investors eye Fed
European stocks rose in early trade, recovering from recent Brexit-driven losses as investors awaited the latest US rate announcement and comments from Federal Reserve Chair Janet Yellen.
Jon Barnes joins Cathedral Underwriting at Lancashire
Lancashire Holdings announced on Wednesday that Jon Barnes will be joining its Cathedral Underwriting business, to lead the underwriting of property treaty reinsurance business for Syndicate 2010.
Oxford Instruments swings to profit
Oxford Instruments swung to a profit in the year to the end of March as cost savings helped to offset a decline in revenue.
Segro offloads further chunk of logistics portfolio into Selp JV
Property investment trust Segro has transferred a portfolio of continental European big box warehouses and development land to its 50%-owned joint venture in exchange for €89. 4m (£71m).