Market Report
RBC Capital downgrades Asos after profit warning
RBC Capital Markets downgraded Asos to ‘outperform’ from ‘top pick’ on Wednesday, slashing the target price to 3,200p from 7,700p "while uncertainty shadows the stock" following the online retailer’s shock profit warning earlier in the week.
Inland Homes acquires residential development site in Dagenham
Housebuilder Inland Homes has exchanged contracts on a major residential development site in East London.
London open: Stocks edge higher as investors eye inflation data, Fed
London stocks edged higher in early trade on Wednesday, taking their cue from a positive session on Wall Street as investors eyed key UK inflation and the latest policy announcement from the Federal Reserve.
GVC Holdings expects to cancel Ladbrokes payment on 7 Jan
GVC Holdings confirmed it would be able to cancel the potential payment to former Ladbrokes Coral shareholders in 10 days' time after the government enacted the cut in maximum stakes for fixed-odds betting machines to £2.
Polymetal exchanges Russian property for one in Kazakhstan
Polymetal International has completed the non-cash exchange of its Tarutin property in Russia for 85% of the East Tarutin property in Kazakhstan, it said on Wednesday - a plan which it had initially announced on 16 April.
Wednesday newspaper round-up: Brexit, Facebook, Sir Martin Sorrell, GlaxoSmithKline, Pfizer, Donald Trump
Theresa May is to start culling Tory manifesto commitments after her cabinet decided yesterday to accelerate planning for a no-deal Brexit. David Lidington, who is in effect the prime minister’s deputy, will start in “short order” to identify policies to be shelved to free resources for the no-deal, a senior figure said. - The Times.
London pre-open: Stocks to open flat ahead of CPI, Fed
London stocks are expected to start Thursday in circumspect form after losing substantial ground the previous session but after Wall Street made small gains overnight and amid mixed Asian markets.
James Fisher wins £30m contract with Korea's Daewoo, GSK and Pfizer to combine consumer health businesses
London open The FTSE 100 is expected to open two points lower on Wednesday, having closed down 1. 06% at 6,701. 59 on Tuesday.
US close: Markets make small gains as oil prices plunge
Wall Street finished with some small wins on Tuesday, after a session of heavy losses the day before, as investors exercised caution ahead of Wednesday's Federal Reserve policy announcement.