Market Report
Gemfields says Pallinghurst offer is 'derisory'
Gemfields said on Wednesday that Pallinghurst's offer for the remaining 52. 9% of the group it doesn't already own "significantly undervalues the company, its unique asset base and its leading position in the coloured gemstone sector".
Wednesday newspaper round-up: poll shock, Ladbrokes, Allied Irish, BT
The Conservative Party could be in line to lose 20 seats and Labour gain nearly 30 in next week’s general election, according to new modelling by one of the country’s leading pollsters. YouGov’s first constituency-by-constituency estimate of the election result predicts that the Tories would fall short of an overall majority by 16 seats, leading to a hung parliament. - The Times.
UK consumer confidence improves but remains negative
UK consumer confidence surprisingly improved marginally in May, according to a closely followed survey, though it still remains in negative territory.
Telford Homes reports record full-year revenue amid strong demand
London-focused residential property developer Telford Homes has reported record revenue for the year to the end of March 2017 thanks to robust demand.
LondonMetric ends year strong as it buys three more warehouses
LondonMetric published its final results for the year to 31 March on Wednesday, reporting a 5% improvement in net rental income during the period to £82m.
London pre-open: Stocks seen slightly higher; data in focus
London stocks were set for a positive open on Wednesday, clawing back some of the previous session's losses ahead of a slew of data releases.
US close: Investors play it safe, though tech stocks fly higher
Investors in the US played it safe at the start of the week - and ahead of Friday's all-important monthly jobs report - with weaker oil prices offsetting better-than-expected readings on home prices and personal consumption and spending.