Market Pulse
Chemring FD Steve Bowers to step down
Chemring said on Wednesday that finance director Steve Bowers is leaving the defence company to take up the role of chief financial officer at law firm Herbert Smith Freehills.
Sportech gets £93m VAT repayment from HMRC but appeal awaits
Football pools and horse-racing pari-mutuel systems specialist Sportech has potentially hit the jackpot with the UK tax office, taking payment of £93m after winning a seven-year tax battle over its "Spot the Ball" game.
Dixons Carphone agrees major US expansion with Sprint after bumper 2016
Profits rose 17% in the year to April at Dixons Carphone, which delivered a updated strategy and an optimistic appraisal of its chances post-Brexit as the largest player in the UK market.
UK auto industry boosted by single market, says SMMT
Access to the single market has made the British car industry one of the most competitive in the world, the trade's industry body said on Wednesday as it reported record turnover last year.
Europe midday: Equity markets rally as Brexit fears subside for now
European stocks rose again on Wednesday as investors put their concerns about Brexit aside to snap up some bargains.
London midday: Stocks rally on bargain hunting post-Brexit
London stocks rallied on Wednesday as investors took advantage of bargains following Britain’s decision to leave the European Union.
US pre-open: Stocks seen higher again as investors snap up bargains
US futures pointed to another positive session on Wall Street on Wednesday, as investors put Brexit worries aside and continued to pick up some bargains.
Asia report: Markets close higher after 'turnaround Tuesday'
Markets in Asia closed higher on Wednesday, following on from gains in Europe and the US on so-called ‘turnaround Tuesday’ in the wake of the UK’s shock decision to leave the European Union last week.
WPP joins up with Chinese internet services firm
Advertising giant WPP has signed a memorandum of understanding with Chinese internet services firm Tencent to create a social innovation and ideation lab.
Greene King FY profit up 52%, but warns on Brexit impact
Pub group Greene King reported a surge in full-year profit and revenue, partly thanks to its acquisition of Spirit Pub Company, but cautioned that Brexit was likely to hit consumer confidence in the near term.
Eurozone economic sentiment broadly stable in June
Economic sentiment in the eurozone was broadly unchanged in June, according to figures from the European Commission.
Shawbrook bounces back with help from Credit Suisse note
Shawbrook shares surged back 23% higher on Wednesday morning, helped by comments from Credit Suisse that the reaction to the UK's vote to leave the European Union which had seen the challenger bank lose over half of its value in the three days was "overdone".
More downside to Europe stocks, overweight FTSE 100 and Swiss equities, says Deutsche
Deutsche Bank sees another 7% downside to its near-term Stoxx 600 target of 295, the bank said on Wednesday, as it outlined its post Brexit trade recommendations.
PureCircle's stevia imports released by the US
PureCircle, a stevia sweetner producer, said on Wednesday its shipments which were detained by US customs and border protection (CBP) at the beginning of June have been released.
Credit Suisse sees 30% chance of 'Brexit lite', recommends buying UK dollar earners
In its latest global equity strategy note, Credit Suisse said there was a 30% chance of a ‘Brexit lite’ and no change in governing party until 2020.
Ocado falls back as brokers cut forecasts but see 'limited' Amazon threat
Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas.
London open: Stocks rise as investors get to grips with Brexit
UK equities rose on Wednesday as investors came to terms with the reality of Brexit.
Europe open: Stocks in the black as Brexit woes set aside for now
European stocks rose in early trade as investors put their concerns about Brexit aside – at least for now – and bet that central banks would implement further stimulus measures.
Sophos reports better-than-expected first quarter
Network security solutions company Sophos updated the market on its first quarter trading on Wednesday, and said it was looking at billings above board expectations.
German consumer sentiment set to improve in July, says GfK
German consumer sentiment is set to improve next month but uncertainty following the UK’s decision to leave the European Union could take its toll, according to data from market research group GfK.