Market Report
London midday: Stocks flat as pound pops higher after UK jobs data
Stocks in London were steady by midday, giving up the small gains from earlier as the pound popped higher after the latest round of UK jobs data showed the unemployment rate hit a 42-year low, but real wages shrank.
Landore Resources upbeat on BAM East drilling progress
Landore Resources updated the market on progress made on extension and infill drilling of the BAM East Gold Project on its Junior Lake Property, Ontario, Canada on Wednesday.
Playtech reports strong start and M&A pipeline
Despite a hiccup over the launch of a bingo partnership, Playtech said it has enjoyed a "strong performance" so far 2017 and was engaged in "active discussions" over a range of potential acquisitions.
Coats Group posts 'solid' performance in year to date
Industrial thread and consumer textile crafts business Coats Group updated the market on its trading for the period 1 January to 30 April on Wednesday, as investors prepared for its annual general meeting later in the day.
Non-Standard's 'Loans at Home' gets full FCA authorisation
Non-Standard Finance announced on Wednesday that Loans at Home, the group's home-collected credit business, had received its full FCA authorisation.
Asia report: Most markets lower after weak Wall Street session
Markets in Asia were mostly lower on Wednesday, taking their cue from the US overnight where retailers dragged on Wall Street as questions remained around President Donald Trump’s handling of classified information.
Results round-up
Bodycote reported in-line trading for the first four months of the year, with revenues up in all divisions.
US pre-open: Stocks seen weaker on Trump concerns
US futures pointed to a weaker open on Wall Street on Wednesday as growing political turmoil prompted doubts about President Trump's ability to push through his economic agenda.
Hargreaves sell-off on Vanguard launch is 'over-reaction'
After Hargreaves Lansdown's shares were hit by worries over a price war in the funds market due Vanguard's launch of a low cost product, analysts at Shore Capital said this was a big over-reaction.
Twitter rises after return of co-founder Biz Stone
Biz Stone, one of the co-founders of microblogging site Twitter, has returned to the company in its latest attempt to stem the tide of slowing user growth and increased competition.
Euro area construction output slides in March
Construction output in the Eurozone fell in March as building activity fell back following an outsized jump in the month before.
HSBC downgrades Dunelm, Halfords over 'toxic' squeeze on consumer spend
With the retail sector's risk profile increasing as the UK discretionary consumer outlook deteriorates, HSBC downgraded and cut the target prices Dunelm and Halfords, but upgraded Kingfisher to 'buy' due to its transformation plans.
Patisserie Holdings interim profit and revenue rise
Patisserie Holdings reported a rise in profits and revenue for the six months to the end of March, as it continues to focus on expansion.
RBC Capital upgrades Rio Tinto to 'top pick'
RBC Capital Markets has upgraded Rio Tinto to 'top pick' from 'outperform', saying the stock is as inexpensive as it's been over the past five years following the recent pullback.
British Land NAV way ahead of forecasts after strong letting performance
British Land reported a stronger year-end net asset value than the market was expecting but despite its confident talk of generating better returns, investors got the wobbles over its talk of "uncertainty" and the reining back of speculative developments.
UK household finances remain squeezed by inflation
Household finances in the UK remain under the greatest pressure since mid-2014 amid rising inflation, according to a survey released on Wednesday.
Lloyds returned to private hands as government sells stake
The government has sold off its last few shares in Lloyds Banking Group, meaning the bank has been fully returned to private ownership.
London open: Stocks nudge lower ahead of jobs data
London stocks nudged lower in early trade as investors sifted through a raft of corporate news and awaited the release of UK unemployment data.
Brewin Dolphin reports on strong first half
Brewin Dolphin Holdings posted its interim management report for the half-year to 31 March on Wednesday, with the board describing it as “another strong period” of organic fund inflows as it continued to deliver against its strategic plan.