Market Pulse
Sainsbury's sales slip again in second quarter
Sainsbury's blamed industry-wide falling food prices for a decline in like-for-like sales in the second quarter, masking growth in transactions and volumes in the period.
Recession averted, but slower UK growth lies ahead, S&P says
Britain averted an economic recession after the referendum vote, but slower growth still lay ahead, one of the world's most influential debt ratings agencies said.
Steinhoff raises at least €1.9bn to allow more acquisitions
South African billionaire Christo Wiese's Steinhoff International has confirmed its intention to raise €1. 9bn-2. 5bn after its recent acquisitive spree.
PayPoint launches new terminal for retailers
PayPoint has launched its new retailer terminal PayPoint One, which is designed to help retailers run their whole store from one device.
London midday: Stocks climb as oil prices rebound
London stocks climbed on Wednesday as oil prices rebounded after Saudi Arabia offered hope of a deal on curbing production in November.
Europe midday: Stocks push higher as oil gains, Deutsche Bank recovers
European stocks rose on Wednesday, boosted by stronger oil prices and decent gains in the banking sector as Deutsche Bank recovered from recent losses.
US pre-open: Stocks set for muted start as Fed speakers eyed
US futures pointed to a muted open on Wall Street as investors looked ahead to speeches from Federal Reserve officials.
ZincOx operating loss widens amid viability concerns
ZincOx Resources announced its unaudited half yearly results for the six months to 30 June on Wednesday, with revenue of $0. 64m more than doubling from the $0. 29m in the 2015 interim period.
Premier African Minerals shares down on interim results
Multi-commodity mining and resource development company Premier African Minerals announced its unaudited interim results for the six months to 30 June on Tuesday afternoon, with revenue of $0. 13m rising from $0. 1m in the year to December 2015, and nil revenue in the first six months of last year.
Aquatic Foods flops after dividend chopped
Chinese seafood processor and producer Aquatic Foods sliced its interim dividend and is mulling the full year payout due to current difficult market conditions, though margins had stabilised.
Game Digital boosts cash with sale-and-leaseback of HQ
Game Digital has agreed to sell its head office and distribution centre freehold for £13. 5m in a sale-and-leaseback deal.
Moss Bros reports jump in profits as revamp bears fruit
Men’s tailoring retailer Moss Bros reported a jump in profit in the six months to the end of July and “encouraging” trading in the eight weeks to 24 September as the company's revamp bears fruit.
Ibex Global Solutions' revenue rises due to new contract wins
Contact centre provider Ibex Global Solutions’ full year revenue grew due to new contract wins as it improved operations in Pakistan and Senegal.
Wells Fargo chief to lose $41m after fake account scandal
John Stumpf, the embattled chief executive officer of US bank Wells Fargo, is set to have $41m of his compensation clawed back in the fallout from the company's fake account scandal.
WANdisco appoints California-based CFO
AIM-listed 'big data' software company WANdisco appointed industry veteran Erik Miller chief financial officer and a director of the board with immediate effect on Wednesday.
EasyHotel announces placing to fund roll-out strategy
EasyHotel has announced plans to place up to 38m new ordinary shares at 100p per share to fund its owned hotel roll-out strategy.
Asia report: Markets mixed as yen strengthens further
Markets in Asia ended mixed on Wednesday, with a stronger yen sending Japanese shares southwards.
Phoenix Group to buy Abbey Life from Deutsche Bank
Phoenix Group has agreed to buy Abbey Life from Deutsche Bank subsidiary Deutsche Holdings for £935m in cash.
Stobart appoints Mark Adams as CFO
Infrastructure and support services firm Stobart Group has appointed Mark Adams as chief financial officer with effect from 28 November.
UK Mail surges on Deutsche Post deal
Shares in UK Mail Group surged on Wednesday after Deutsche Post agreed to buy the integrated mail and parcel operator for 440p per share, valuing the company at £242. 7m.