Market Pulse
Europe open: Stocks drop on US election uncertainty as investors eye Fed
European stocks declined on Wednesday as worries about the US presidential race crept in after a new poll revealed Republican candidate Donald Trump was in the lead and ahead of the Federal Reserve’s rate announcement.
London open: Stocks weaker amid US election worries, ahead of Fed
Stocks in London fell in early trade following downbeat sessions in the US and Asia, as jitters set in after a new poll revealed Republican candidate Donald Trump was in the lead in the US presidential race and ahead of the Federal Reserve’s rate announcement.
Millennium & Copthorne profit boosted by weaker pound
Millennium & Copthorne reported a rise in profit in the third quarter as it benefited from a weaker sterling in the aftermath of the UK’s vote to leave the European Union.
G4S wins billions in new contracts
Integrated security company G4S updated the market on its progress for the nine months to 30 September on Wednesday, with the group winning new contracts with annual revenues of £1bn and total contract value of £2bn in that period.
Just Eat ups full-year revenue and earnings expectations
Online food delivery service Just Eat upped its expectations for full-year revenues and adjusted earnings as it reported a rise in orders in the third quarter.
Rolls-Royce nabs Andreas Schell from UTC
Rolls-Royce announced on Wednesday that Andreas Schell has been appointed as chief executive officer of Rolls-Royce Power Systems.
London pre-open: Stocks seen lower amid US election worries, ahead of Fed
Stocks in London were set to open lower on Wednesday as jitters set in after a new poll revealed Republican candidate Donald Trump was in the lead in the US presidential race and ahead of the Federal Reserve’s rate announcement.
Wednesday newspaper round-up: Hammond, disposable incomes, Heathrow
Chancellor Philip Hammond is to adopt a new flexible fiscal framework in this month’s Autumn Statement, banishing rigid targets to ensure the government has “headroom” to react if Brexit fallout hits the economy. Mr Hammond told cabinet colleagues on Tuesday to expect only a modest fiscal stimulus, with a programme of new infrastructure spending expected to run to the low billions of pounds a year. – Financial Times.
US close: Stocks end lower ahead of Fed meeting
US equities faltered on Tuesday, as data revealed that the manufacturing sector grew steadily ahead of the Federal Reserve’s meeting on Wednesday, when the central bank is expected to stand pat on interest rates.