Market Pulse
Broker tips: Pearson, Future, Haleon
Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
Bank of Canada cuts rates by 25 basis points, as expected
The Bank of Canada cut interest rates on Wednesday by 25 basis points, as widely expected.
Director dealings: Entain chairman raises stake
Entain revealed on Wednesday that chairman Barry Gibson had acquired 5,066 ordinary shares in the FTSE 100-listed sports betting group.
US open: Stocks mixed as traders digest ADP reading
Wall Street stocks were mixed early on Wednesday as market participants digested a number of data points.
FTSE 100 movers: Pearson boosted by Citi note; B&M in the red
London’s FTSE 100 was up 0. 5% at 8,271. 30 in afternoon trade on Wednesday.
HanesBrands to sell Champion to Authentic for up to $1.5bn
HanesBrands said on Wednesday that it has agreed to sell its Champion business to Authentic Brands Group for up to $1. 5bn.
US private sector adds fewer jobs than expected in May - ADP
Private sector employment in the US rose less than expected in May, according to figures released on Wednesday by ADP.
Berenberg starts coverage of Haleon at 'buy'
Berenberg initiated coverage of consumer health company Haleon on Wednesday with a ‘buy’ rating and 407p price target.
US pre-open: Futures trade higher ahead of ADP jobs report
Wall Street futures were in the green ahead of the bell on Wednesday as market participants looked ahead to employment statistics from payrolls firm Automatic Data Processing.
London midday: Stocks stay up ahead of ECB rate cut
London stocks were still firmer by midday on Wednesday as weaker-than-expected US jobs data fuelled expectations of a rate cut by the Federal Reserve later this year and ahead of expected cuts by the Bank of Canada and the European Central Bank.
Tiktok takes measures to block cyber attack
Chinese social media giant TikTok has taken measures to halt a cyber-attack aimed at several brand and celebrity accounts.
Ramsdens H1 PBT rises amid 'continued growth'
Pawnbroker Ramsdens said on Wednesday that pre-tax profits had risen in the six months ended 31 March on the back of "continued growth" across all key income streams.
Discoverie operating profits up double-digits YOY
Electronic components manufacturer Discoverie reported a double-digit increase in profits for the year ended 31 March, thanks to strong growth in underlying operating margins.
Citi opens 90-day ‘positive catalyst watch’ on Pearson shares
Citi opened a 90-day "positive catalyst watch" on Pearson shares on Wednesday as it pointed to an attractive risk/reward.
Ninety One full-year AuM fall, dividend cut
Ninety One posted a drop in full-year assets under management on Wednesday and cut its dividend as it said business conditions remained "challenging".
Jupiter Fund Management's Ben Whitmore to stay on until October
Jupiter Fund Management said on Wednesday that star fund manager Ben Whitmore will remain with the company until October after news of his exit wiped millions from its valuation back in January.
Senior opens new French production facility
Manufacturing and engineering business Senior has opened a new production facility in Fossé, France.
London open: Stocks gain on US rate cut hopes
London stocks rose in early trade on Wednesday as weaker-than-expected US jobs data fuelled expectations of a rate cut by the Federal Reserve later this year.
China’s services sector expands again in May - Caixin
Activity in China’s services sector accelerated in May at its fastest pace in 10 months, according to data released on Wednesday.
London pre-open: Stocks seen up ahead of BoC, ADP report
London stocks were set to rise at the open on Wednesday following losses in the previous session and a firmer close on Wall Street.