Market Pulse
US close: Stocks edge up as Fed minutes confirm division
US stocks recouped mid-session losses to finish slightly higher on Wednesday as the Federal Reserve’s meeting minutes showed a continued reluctance to jump to any conclusions about the state of the economy.
Wednesday newspaper share tips: Polypipe, Antofagasta
Polypipe should not be affected by the result of the EU referendum, as its trading performance during the first half of the year attests, according to the Financial Times’ Lex.
Intel and ARM announce partnership on smartphone chips
Intel will start making smartphone chips in one its factories based on designs by London-listed ARM Holdings.
London close: Stocks slide as traders weigh UK jobs, await Fed minutes
London stocks finished in the red on Wednesday as traders assessed UK jobs data and awaited the release of the Federal Reserve’s meeting minutes.
Christie & Co brokers sale of Little Unicorn Day Nurseries
Professional business services company Christie Group announced on Wednesday that Christie & Co, its specialist provider of agency and advisory services, has successfully brokered the sale of Canary Wharf's Little Unicorn Day Nurseries Group to leading childcare provider Bright Horizons Family Solutions.
Urban Outfitters clocks in with strong sales, shares fly
Urban Outfitters's wares flew off the hangers during its second fiscal quarter, driving improved margins and better than expected sales.
AEC Education weathers tough year in Asia
Europe and Far East education services provider AEC Education posted its results for the year to 31 December 2015 on Wednesday, with revenues £7. 7m sliding from £8. 1m in 2014.
Metal Tiger raises £1.1m in placing and subscription
Strategic natural resource investor Metal Tiger advised the market on Wednesday that it has raised £1. 1m through a placing and subscription of shares.
ServicePower signs two year extension with major client
Mobile workforce management software company ServicePower Technologies announced on Wednesday that it has signed a contract extension with an unidentified North American consumer products manufacturer worth approximately $1. 5m over a new two year period.
Highlands Natural Resources to start drilling programme in Southeast Montana
Highlands Natural Resources said on Wednesday that it plans to drill two new wells in Southeast Montana in the next 30 days after it filed permits with state authorities.
FTSE 100 movers: CRH up amid Eurostoxx inclusion talks, Old Mutual down on CS downgrade
London’s FTSE 100 index was down 0. 57% to 6854. 78 in afternoon trade.
NewRiver Retail moving to main market on Thursday
NewRiver Retail announced on Wednesday that the Royal Court of Guernsey has made an order sanctioning the scheme to change its corporate structure.
Baron Oil blames bureaucracy for Peruvian delays
Following recent meetings in Lima, Baron Oil update the market on its activities in Peru on Wednesday.
US open: Stocks fall ahead of Fed meeting minutes
US stocks declined on Wednesday ahead of the Federal Reserve’s meeting minutes, which may provide hints on the next interest rate hike.
W Resources raises £0.6m in placing
Tungsten, copper and gold exploration and development company W Resources announced on Wednesday it has completed a placement of 171,428,569 ordinary shares of 0. 1p per share, at a price of 0. 35p per ordinary share to raise approximately £0. 6m before expenses, to existing shareholders and Directors of W.
Director dealings: More GB Group directors take some profits
GB Group's finance and operations director Dave Wilson and his wife have sold around a quarter of their stake in the security and identity data group, not long after the outgoing chief executive also dumped a chunk of shares not long after they hit an all-time high in June.
Reduced chances of US fiscal stimulus after elections, Morgan Stanley says
Chances are US economic policies will change little, or only gradually so, after the US elections in November, Morgan Stanley said.
Carlsberg under the cosh after H1 numbers
Danish brewer Carlsberg was under the cosh on Wednesday as its first-half results failed to impress, although it maintained its outlook for the year.
FTSE 250 movers: Indivior surges on results; Laird slumps as CEO goes to Cobham
London’s FTSE 250 index was down 0. 2% to 17,779. 06 in afternoon trade.