Market Pulse
Mercia Tech increases investment in virtual reality game devloper
Investment company Mercia Technologies has increased its investment by £1m in nDreams, a virtual reality game developer, as part a funding round with other investors.
FX round-up: US dollar hits 14-year high
The Greenback hit a 14-year high on Wednesday as markets continued to price-in the prospect of higher inflation and interest rates.
One more interest rate hike may bring rates back to neutral, Fed´s Bullard says
One more interest rate hike may suffice to bring the US central bank´s policy rate back to a "neutral setting" a top official said.
Bonds: Gilts, Treasuries end flat amid Fedspeak
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Commodities: IEA warns of another boom-bust cycle in oil
Commodities were broadly lower as the US dollar notched up fresh multi-year highs, even as analysts sounded a bullish note on oil and gold.
Europe close: Stocks slip after bull run
European stocks slipped, with investors pausing for breath as recent enthusiasm over Trump’s growth policies receded.
London close: Stocks fall back amid weak jobs data
Stocks in London ended the session moderately lower as markets digested a weaker reading on the UK labour market while bond investors continued to focus on comments from central bankers and political developments in Washington.
Rare Earth Minerals posts positive drilling results from Cinovec
Rare Earth Minerals reported the analytical results for the confirmation drill holes CIW-13, CIW-14 and CIW-18 at the Cinovec Lithium-Tin-Tungsten Project on Wednesday.
FTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal
The FTSE 250 index was down 0. 48% at 17,488. 87 at 1604 GMT on Wednesday.
Icap revenues rescued by weak pound as Trump win boosts trading
Electronic markets, inter-dealer broking and information provider Icap generated flat underlying revenues in the first half but enjoyed a boost from the weakness of the pound and said the US election had prompted an increase in trading activity.
More delays for Beowulf Mining in Sweden
Mineral exploration and development company Beowulf Mining provided an update on the application process for Kallak North in Sweden on Wednesday.
Good Energy Group launches new online platform
Independent renewable energy company Good Energy launched a new online platform on Wednesday, allowing businesses to choose where their energy comes from for the first time.
US homebuilder confidence steady ahead of elections in November, NAHB says
Confidence among US homebuilders was steady in November ahead of the president elections.
Results round-up
British Land lifted profits strongly higher in the first half of its financial year but said it expects to proceed more cautiously in property development as it noted a change in the behaviour of property markets since the Brexit vote, with leasing momentum maintained in retail but more caution among office occupiers.
US open: Stocks retreat following previous Trump gains
US stocks retreated after previous gains following Donald Trump’s election victory, as investors’ confidence of a rate hike from the Federal Reserve grew.
RBC Capital cuts Aggreko target after Q3 update
RBC Capital Markets slashed its price target on Aggreko to 850p from 1,050p following the temporary power provider’s third-quarter trading update on Wednesday, keeping its rating at ‘sector perform’.
Weak pound makes it harder to keep interest rates low, BoE's Cunliffe says
Weakness in Sterling made it more difficult for the Bank of England to keep interest rates low in order to offset the impact from unexpected shocks, a top central bank official said.
MP Evans gets shareholder support for KLK offer rejection
Indonesian palm oil plantation owner MP Evans has received “immediate and unequivocal” support from just under 41% of its shareholders for its rejection of Kuala Lumpur Kepong’s sweetened offer for the company.
Golden Saint Resources making progress at Baja and Tongo
West Africa-focused diamond and gold exploration company Golden Saint Resources updated the market over two of its licences in Sierra Leone on Wednesday - the Baja licence and the Tongo licence.
Thursday preview: Yellen speaks amid expected Trump attacks
While some UK investors will be keeping an eye on official retail figures, the amount of market emotion tied up in the American political and economic transition means the first speech from Federal Reserve chair Janet Yellen since the election will be microscopically examined.