Market Pulse
FTSE 100 movers: Grocers and financials drag index down
The FTSE 100 was dragged lower by supermarkets, financials and housebuilders on Wednesday, as large cap stocks continued to struggle for a second day.
Sector movers: Supermarkets, life insurers lead declines on FTSE
Supermarkets led the declines on the FTSE on Wednesday after HSBC warned on sector profit margins.
Goldman Sachs warns of risk of further weakness in S&P 500
The combination of economic and political uncertainty might drag the S&P 500 up to 10% lower, strategists at Goldman Sachs said.
US pre-open: Stocks set to move lower as Brexit uncertainty continues to weigh
Wall Street was set to start the session clearly lower as markets continued to be unsettled by the newsflow surrounding Brexit, which added to the already existing uncertainty around Italy´s banking system and the Chinese economy.
Supermarkets hit by HSBC downgrade on Asda price cut, as deflation continues
HSBC has warned that supermarket sector profit margins are likely to be trampled afresh by a round of heavy price cuts from Asda, further ratcheting up price pressure as industry data shows price deflation continues unabated.
US open: Markets start lower amid global jitters
US markets opened lower on Wednesday as benchmark Treasury yields remained near record lows, and global markets fell.
Actelion announces commercial availability of Uptravi (selexipag) in Germany
Actelion Pharmaceuticals Ltd / Actelion announces commercial availability of Uptravi (selexipag) in Germany . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
German factory orders stall in May due to Brexit uncertainty
German factory orders ground to a halt in May as uncertainty around Brexit and the impact which it might have on the European single currency weighed on orders from outside the euro area, according to economists.
Frontier Developments' revenues rise with new video games in the pipeline
Video game developer Frontier Developments’ half year revenue increased as it invested in forthcoming projects expected to yield sales.
Pound hits 35-year low versus US dollar
The pound hit a 31-year low overnight versus the US dollra, in a move that some analysts said was not worrisome so long as the depreciation was "orderly".
EKF Diagnostics says first half earnings beat market forecasts
EKF Diagnostics, a medical diagnostics business, has achieved sales and earnings above market expectations in the first half following a difficult year in 2015.
Brexit fallout leads to OnePlus price hike
Brexit fallout has hit one of the most anticipated technology releases of 2016, with OnePlus confirming it will raise the price of its flagship OnePlus 3 smartphone on 11 July.
Europe midday: Stocks slump as banking sector remains under pressure
European equities slumped on Wednesday as the banking sector remained under pressure and concerns about Brexit continued to drag on investor sentiment.
Blackberry says bye-bye to full Classic keypad
Ailing smartphone maker Blackberry started waving bye-bye to its iconic keyboard on Wednesday, as the company announced it will discontinue its Classic model handset.
Riksbank postpones interest rate increases due to heightened uncertainty
Rate-setters in Sweden pushed back on market expectations for the start of policy normalisation given heightened uncertainty overseas, in part as a result of Brexit.
ITV claims victory in transmission fee changes but faces 'zero' gain
A change in broadcasting laws has encouraged ITV and other public service broadcasters (PSBs) to demand cable television providers such as Virgin Media to pay for access their free-to-air channels, though the outlook remains unclear.
Mastercard to face one of Britain's first US style class action cases
Mastercard is facing Britain's first ever class action lawsuit after imposing unfair card charges on UK consumers in the first case of its kind in Britain.
Deutsche Bank initiates coverage of TalkTalk Telecom at 'buy'
Deutsche Bank initiated its coverage of TalkTalk Telecom Group with a ‘buy’ rating and target price of 300p on Wednesday.
Asia report: Most markets down on renewed Brexit concerns
Asian markets closed lower on Wednesday, with investors clamouring for safe havens as renewed Brexit concerns plagued global sentiment.
Low & Bonar's profits rise as it seeks to offload Bonar Natpet joint venture
Performance materials manufacturer Low & Bonar said its profits increased in the first half of the financial year and are in line with expectations as it seeks to offload its Bonar Natpet joint venture.