Market Pulse
US close: Stocks rally as Fed caution vindicated and oil rebounds
US stock markets recovered from early Wednesday wobbles to recoup most of the week's losses so far as minutes from the Federal Reserve's latest policy meeting indicated there would be no rate hike until markets simmered down and domestic data strengthens.
Melrose Industries swoops for $2.2bn Nortek's US residential access
Melrose Industries has agreed to acquire US air conditioning and security technology group Nortek for $1. 44bn in cash, funded by a proposed £1. 61bn issue of new shares.
FX round-up: Sterling savaged by traders fleeing Brexit fears
Sterling continued its stone-like drop against most crosses as traders savaged the UK unit on acute Brexit fears and packed their bags for perceived safer assets such as gold and the yen.
Bonds: US, UK banks have good liquidity position, Fed´s Tarullo says
These were the movements in the most widely-followed 10 year sovereign bond yields:.
Jeremy Hunt to impose junior doctors' contract due to union impasse
Health secretary Jeremy Hunt said on Wednesday he will impose the new contract affecting 54,000 NHS junior doctors in England after he, nor the union, could reach an agreement.
London Capital Group on top after Brexit vote
London Capital Group (LCG) said on Wednesday that the UK's vote to leave the EU has had a positive impact on profits and revenues despite the recent shake up in financial markets.
Three more property funds titans freeze redemptions
Henderson Global Investors, Canada Life and Columbia Threadneedle have joined the queue of property funds suspending trading amid acute Brexit fears, lining up behind Aviva, M&G and Standard Life.
Directors dealings: Clarkson chairman picks up shares in battered shipbroker
Clarkson´s chairman, James Hughes-Hallett, picked up a batch of shares of the battered shipbroker a day after it issued a profit warning.
Europe close: Markets end in shades of red
Markets in Europe ended Wednesday in various shades of red, extending their losses into a third day, with stocks in lenders worsening to levels not seen in five years.
US service sector activity accelerates in June, ISM survey shows
US services sector activity jumped back in June, according to the results of the most widely-followed survey.
European Metals Holdings pleased with PSn13 drill hole results
European Metals Holdings is pleased with results from the PSn13 drill hole, which returned a main mineralised intercept of 167. 1m averaging 0. 36% lithium oxide.
Commodities: Gold, silver northbound on investor dash to safety
Gold and silver futures again trended higher as spooked investors resumed their rush to perceived safe-haven assets against a falling pound and now-chronic Brexit fears.
Cyan Holdings' revenues rise on acquisition and global contracts
Integrated systems and software design company Cyan Holdings’ half year profits rose in line with expectation as due to the acquisition of CyanCannode and a growth of international contracts.
Caledonia Investments buys Liberation pub company for £118m
Investment trusts company Caledonia Investments agreed to buy Liberation, a pub and restaurant business from LGV Capital, part of Legal & General, for £118m.
Aviva reiterates confidence post-Brexit, targets 50pc dividend payout
In the wake of its participation in UK property fund wobble earlier in the week, Aviva looked to reassure the market with a trading update on Wednesday that hinted at further shareholder returns.
RBS protects itself against collapse of sterling after Brexit
The Royal Bank of Scotland (RBS) has hedged itself against a plunge in sterling after Brexit.
London midday: FTSE falls as retailers slip on deflation data
The FTSE 100 slipped lower by midday with London's blue-chip stocks losing their early momentum as retailers joined banks and housing stocks in dragging the index lower.
Wednesday newspaper share tips: Persimmon, property funds
Shares in house builder Persimmon have fallen more than a third since UK voted in a non-binding referendum in June to quit the European Union, writes The Telegraph's Questor column.
US trade deficit unexpectedly jumps in May
America´s shortfall in trade with the rest of the world registered an unexpected increase in May as imports rose but sales overseas slipped a tad.
FTSE 250 movers: Gold miners surge while travel firms sink
The FTSE 250 was trading well into the red on Wednesday afternoon, as concerns about Brexit continued to drag on investor sentiment.