Market Pulse
Results round-up
Lloyds Banking Group set aside a further provision of £1bn for compensation for mis-selling payment protection insurance in the third quarter of the year, but the bank reaffirmed full year guidance despite a dip in net income and profits.
Britain will not face a trade disruption as it negotiates Brexit, says WTO chief
The head of the World Trade Organisation said Britain will avoid enduring a “vacuum or a disruption” in trade as it negotiates its divorce from the European Union.
Philly Fed chief Harker backed September rate hike, WSJ says
If the US economy can withstand tighter monetary policy then the country´s central bank, the Federal Reserve, should raise rates, a top policymaker told the Wall Street Journal.
Markit's flash US services PMI ticks higher in October
Markit’s flash US services purchasing managers’ index printed at 54. 8 in October, up from 52. 3 the month before.
FTSE 100 movers: Miners and oilers weigh while IAG climbs
Commodities stocks led the FTSE 100 lower on Wednesday after copper miner Antofagasta reported disappointing production numbers and full year guidance.
US trade deficit slips in September
The US trade deficit in goods declined by $3. 1bn in September from the month before to reach $56. 1bn, according to preliminary data from the US Census Bureau.
Ironveld raises £1.8m through placing
Ironveld announced on Wednesday that it has raised £1. 8m before expenses through a firm and conditional placing of 40,000,003 new ordinary shares of 1p each at a price of 4. 5p each.
Vectura climbs on positive read-across from Novartis, Singer upgrade
Shares in medical device group Vectura were given a boost by expectations of foreign currency gains and investors reading across results from Novartis, with which the London-listed company is partnered on a handful of products.
JRP raises £250m of sterling-denominated bonds
JRP Group has raised £250m through 10-year sterling-denominated unrated bonds that will be listed on the Luxembourg Stock Exchange.
Glaxo Q3 profit and revenue rise, boosted by weak pound
Drug maker GlaxoSmithKline – which generates much of its revenue outside the UK – reported a jump in third-quarter profit on Wednesday as it benefited from the weakening of the pound following the UK’s decision to leave the European Union in June.
Marks & Spencer beats retreat from France, reports say
Marks & Spencer has reportedly begun a retreat from France as part of new chief executive Steve Rowe's turnaround plans.
CYBG confirms talks with RBS over Williams & Glyn branches
CYBG, the parent company of Clydesdale and Yorkshire Bank, confirmed that it has proposed a bid for 300 branches under the Williams & Glyn brand from Royal Bank of Scotland.
Boeing's big earnings boost sends shares flying higher
Plane-maker Boeing reported a significant rise in its quarterly earnings on Wednesday before the bell, easily exceeding estimates given by analysts ahead of the report.
Coca-Cola profits lose fizz but narrowly beat expectations
US beverage behemoth Coca-Cola saw its profits and revenue leak lower during its third fiscal quarter earnings report on Wednesday, but it still narrowly beat analyst estimates.
FCA begins consultation over its future 'mission'
The City watchdog is to embark on a consultation process to thrash out clearer objectives for its strategy and day-to-day work.
Lloyds Banking Group sets aside £1bn more for PPI in third quarter
Lloyds Banking Group set aside a further provision of £1bn for compensation for mis-selling payment protection insurance in the third quarter of the year, but the bank reaffirmed full year guidance despite a dip in net income and profits.
Benchmark Holdings expects full year results to be in line with expectations
Benchmark Holdings, an aquaculture biotechnology and food chain sustainability company, expects full year results to be in line with expectations as it remains cautious about investing in South East Asia and Latin America due the regions' climate cycle.
US judge approves $15bn settlement in Volkswagen emissions case
Volkswagen has taken another step towards atoning for its diesel emissions scandal, after a US federal judge agreed a $15bn settlement program.
Gusbourne announces senior appointments
Wine producer Gusbourne announced a series of management changes on Wednesday that come into effect immediately.
Apple leaks images of new Macbook Pro ahead of Thursday release
US tech giant Apple has leaked images of its new Macbook Pro personal computer ahead of the device's launch on Thursday.