Market Pulse
Fed stays put on rates, but amid divisions
The US central bank kept its main policy rate unchanged, amid widening divisions among its top rate-setters.
N Brown discovers accounting mistake, late to roll out online platform
N Brown revealed its US web platform will be launched later than planned, that it made a mistake in an earlier calculation of financial customer complaint redress and that its JD Williams subsidiary has gained regulatory approval to continue offering consumer credit.
US close: Wall Street gains after Fed decision
Traders pushed the main Wall Street equity benchmarks higher after the US central bank’s decision to keep policy unchanged, although no less than three voters on the Federal Open Market Committee dissented, casting their ballots in favour of an immediate rate hike.
Europe close: Investors in holding-pattern ahead of Fed decision
European stocks rose, with banks leading the charge after the Bank of Japan stood pat on rates but tweaked its policy framework, as investors looked ahead to a policy announcement from the Federal Reserve.
Wednesday newspaper share tips: Fastjet, Pennon Group
Fastjet has set itself from apart from its peers in Africa looking to leapfrog bottlenecks in the country's infrastructure by various means, the Financial Times said.
S&P lowers rating on EDF after UK government approves Hinkley Point C
S&P Global Ratings has downgraded its rating on energy company Electricité de France (EDF) following the UK government’s approval of the Hinkley Point C nuclear plant project.
Venture Life's half-year revenues get shot in the arm from acquisition
AIM-listed self-care company Venture Life, which focuses on developing and manufacturing products for an ageing population, reported a rise in half-year revenues thanks in large part to a recent acquisition.
Boylesports cut odds on Trump to become next president to 6/4
Donald Trump's odds of beating Hillary Clinton to become the next United States president have shortened at leading bookmaker Boylesports.
London close: Stocks rise ahead of Fed's policy announcement
London stocks finished in the green on Wednesday as traders digested the Bank of Japan’s policy decision and looked ahead to the Federal Reserve’s interest rate announcement.
Faron Pharma raises £8m to fund R&D
AIM listed Faron Pharmaceuticals raised £8m through a share placing and subscription to fund safety trials, pre-clinical advances and various research and development operations in biopharmaceuticals.
Apple in talks to buy McLaren, according to reports
US tech giant Apple is thought to have entered into negotiations for the purchase of luxury British carmaker McLaren - according to a report from the Financial Times.
Google launches messaging app Allo to compete with Whatsapp and Facebook
Google has released its messaging app which it hopes will provide serious competition to a market dominated by Facebook and its subsidiary company Whatsapp - Allo.
Concepta opens new laboratory at Colworth Park
Personalised mobile health company Concepta announced on Wednesday that it has moved its UK laboratory operations to a new site at Colworth Park in Bedfordshire, doubling the size of its operational headquarters.
Elecosoft revenue and earnings rise in first half
Construction software specialist Elecosoft announced its unaudited results for the six months to 30 June on Wednesday, with revenue of £8. 8m up 10% year-on-year.
FTSE 250 movers: Evraz adds steel, Mitie's mighty fall to 2009 low
The FTSE 250 index on Wednesday recouped its losses from this and last week, led by further gains for miners.
Sector movers: Miners boosted by positive broker views
Shares in miners provided the biggest lift for the market, as at least two more top brokers weighed in with positive views on the space.
hVIVO revises expectations after accounting anomaly
Specialty biopharma company with clinical testing capabilities, hVIVO, announced a trading update regarding the accounting treatment of the company's joint venture investment in Imutex on Wednesday.
CloudTag appoints Yuval Lange as chief business development officer
CloudTag has announced the appointment of Yuval Lange as chief business development officer.
High-income voters turn back on GOP in favour of Clinton
The highest earners in the US appear to be swinging towards a vote for Hillary Clinton in the upcoming presidential election, bringing to an end a long-running tendency for top-earners to vote Republican.
US pharmaceutical company criticised for increasing price of acne cream to $10,000
Novum Pharma has been criticised for bumping up the price of one of its skin creams by over 128%, in the latest instance of so-called "gouging" in the US healthcare market.