Market Report
Results round-up
Despite a quiet fourth quarter for the markets, spread betting and CFD broker IG Group said revenue and profits for its fiscal year would be ahead of the previous year.
HSBC sees dark clouds on the horizon for IAG
Analysts at HSBC bumped up their estimates and target price for shares of IAG, admitting to clients that its 'reduce' recommendation was anti-consensual, but stuck to their view nonetheless.
London midday: Stocks push higher as pound regains some poise
London stocks extended gains by midday on Wednesday, with the FTSE 100 edging towards its recent record high, although a bigger rise was limited by the pound regaining some poise and miners retreating.
Europe midday: Stocks gain despite weak inflation data for May
European stocks were trading on the frontfoot in the last session of the month against a backdrop of mixed economic data.
OPG pleased with power development
India-focussed power generator developer and operator OPG announced its trading update for the year to 31 March on Wednesday, with total generation around 4. 4 billion units up 30% from 3. 3 billion units in 2016.
Bezant signs agreement with Exumax
Mineral exploration and development company Bezant announced that it had signed an agreement with Exumax on Tuesday, over the acquisition, commissioning and operation of the company's first gold-platinum production plant with commissioning targeted to occur during the second or third quarter of 2017.
Asia report: China PMI positive while Japan industry disappoints
Markets in Asia finished mixed on Wednesday, amid better-than-expected PMI figures from China and a weaker sterling.
Wednesday broker round-up
Worldpay: Barclays downgrades to Equal Weight with a target price of 315p.
US pre-open: Stocks seen flat as investors eye Fedspeak; oil in focus
US futures pointed to a steady open on Wall Street on Wednesday as investors eyed speeches by Federal Reserve officials and some key data releases.
Eurozone inflation eases to 1.4% in May
Eurozone inflation has fallen below the European Central Bank's target of just under 2%, according to a flash estimate released by Eurostat.
Mortgage approvals fall more than expected, Bank of England reveals
UK mortgage approval numbers continued to fall in April, according to data from the Bank of England that also showed the lowest net consumer lending in a year.
German unemployment rate hits record low in May
The German unemployment rate fell to 5. 7% in May from 5. 8% in April, in line with expectations and marking the lowest rate since records began in 1992.
Eurozone unemployment rate falls to lowest since 2009
The unemployment rate in the eurozone fell in April, to its lowest level since just after the financial crisis, according to the latest figures from Eurostat.
ECR Minerals gets its £0.55m from Shenyang
ECR Minerals announced on Wednesday that it had now received the full amount of the gross proceeds of its subscription by the Shenyang Zinliaoan Machinery Company, totalling £553,564.
Nature Group losses widen in full-year results
Port reception facilities and waste treatment solutions provider Nature Group published its results for the year to 31 December on Wednesday, with revenues decreasing 26% to £11. 9 from continuing operations.
Trakm8 extends existing contract with Iceland Foods
Telematics and data provider Trakm8 announced on Wednesday that it was awarded a contract extension by frozen food retailer Iceland Foods.
London open: Stocks nudge up as pound hit by latest election poll
London stocks nudged higher in early trade on Wednesday as the latest election poll suggested a hung parliament, denting the pound.
Lamprell surges on news of Saudi Aramco JV
Shares in Lamprell surged on Wednesday as the UAE-based oil rig maker said it will form part of a joint venture led by Saudi Aramco to establish, develop and operate a maritime yard for the construction of offshore drilling rigs and vessels on the East Coast of Saudi Arabia.
Morrisons and Tesco lead supermarket sally but discounters still bite - Kantar
Boosted by an acceleration in grocery price inflation, Morrisons and Tesco led the charge as supermarkets enjoyed their strongest period of trading in over three and a half years but still saw market share dented by the discounters.
NEX Group appoints new finance chief as Stuart Bridges steps down
Stuart Bridges has stepped down as chief financial officer of NEX Group and will be leaving the company later in the year.