Market Pulse
Brewin Dolphin increased funds despite "challenging" markets
Wealth management company Brewin Dolphin Holdings has reported an increase in funds under management despite “challenging” investment markets.
US close: Fruitless day as Apple juice offset by hawkish Fed
US stocks had a fruitless day on Wednesday despite strong gains for Apple, as the Federal Reserve delivered a more hawkish statement than many in the market had expected and oil prices were slicked back down.
FX round-up: Yen flops versus sterling, dollar after Abe promises stimulus
Sterling was essentially a back-seat driver on Wednesday as the yen took the driver's seat and wheeled lower against the British unit and US dollar after Japan's PM, Shinzo Abe, promised a 28-trillion-yen stimulus package.
easyHotel adds 300 rooms in Turkey despite low tourist demand
Budget hotelier easyHotel added a further 300 rooms in its Turkey development despite low tourist demand, while also expanding in Portugal.
Europe close: Markets higher ahead of Fed
European stocks rose on Wednesday as investors welcomed news of a bumper stimulus package in Japan, ahead of the Federal Reserve’s latest policy announcement.
Dillistone signs on big French client
Recruitment software provider Dillistone Group announced on Wednesday that its subsidiary, Dillistone Systems, has secured an order for its FileFinder Anywhere product with the Paris headquartered global executive search firm Alexander Hughes International.
Commodities: Crude flops as US inventories' buildup surprises traders
Crude oil futures flopped on Wednesday afternoon following confirmation of a surprise buildup in US inventories amid a global supply glut already spooking investors.
TechFinancials terminates joint venture over alleged breach of terms
Financial trading technology provider TechFinancials announced on Wednesday that after entering into a joint venture agreement with IBID Holdings to manage one of the company's B2C binary options trading brands in February, it is terminating the agreement due to what it says is a breach by the partner.
GlaxoSmithKline to invest GBP275m in UK manufacturing sites
Amid growing concerns about how Brexit might affect investment in the UK, pharmaceuticals giant GlaxoSmithKline has announced plans to spend £275m on three of its UK manufacturing sites to boost production and support delivery of its latest respiratory and large molecule biological medicines.
GSK gives earnings guidance a shot in the arm after strong first half
GlaxoSmithKline said strong earnings growth in the second quarter led to expect full year earnings will hit the upper end of targets, with an extra boost coming from the weakness of sterling in the first half of the year.
May wants to guarantee rights for EU citizens living in UK
Theresa May said she wanted to guarantee the rights of EU citizens in Britain, but wanted guarantees in return for UK nationals living abroad.
CMA clears Breedon Aggregates acquisition of Hope
Breedon Aggregates’ planned takeover of Hope cleared a major hurdle on Wednesday, with the Competition and Markets Authority accepting its undertakings in lieu of a Phase 2 investigation.
Director dealings: Huntsworth trio load up on shares
A trio of Huntsworth directors bought shares in the marketing and communications group the evening after its interim results.
Fiat Chrysler takes profit hit but raises 2016 forecast
Carmaker Fiat Chrysler raised its revenue and earnings forecast for the year despite losing 14% in profit from the year previous when it announced its second quarter results on Wednesday.
Staffline H1 profit rises, says no impact from Brexit so far
Staffing services and outsourcing group Staffline posted a rise in first-half pre-tax profit as revenue grew and the company said it has seen no signs that Brexit is affecting demand for its services.
Hueston out and Swarts in at Premier African Minerals
Southern and Western Africa-focused multi-commodity mining and natural resource development company Premier African Minerals announced on Wednesday that Pamela Hueston has resigned as a director of the company, and that simultaneously Russel Swarts has been appointed as a consultant.
IMF's Jose Vinals to succeed John Peace as StanChart chairman
Standard Chartered has appointed Jose Viñals – currently the financial counsellor and director of the Monetary and Capital Markets Department of the International Monetary Fund – as chairman designate.
Coca-Cola shares fall after second quarter results miss
Coca-Cola Company's stock price dropped on Wednesday after the world's biggest drinkmaker announced that it missed its estimates for Q2.
US pending home sales miss expectations in June
US pending home sales rose a lot less than expected in June, according to data from the National Association of Realtors (NAR).
Ebiquity's half year in line with market expectations
Market analytics company Ebiquity reported on Wednesday that it has performed in line with market expectations as revenue grew in the first half, boosted by a weak sterling.