Market Report
London open: Stocks edge higher as investors eye services data
London stocks rose in early trade on Wednesday following a stellar performance on Wall Street, but gains were muted as investors eyed the latest reading on the UK services sector.
Non-Standard Finance abandons plans to buy Provident Financial
Non-Standard Finance has abandoned its hostile £1. 3bn offer for larger rival Provident Financial.
Chemring posts jump in first half profits on the back of strong countermeasures market
Chemring posted a jump in first half profits, helped by insurance recoveries, reiterating its forecasts for the full-year on the back of strength in the countermeasures market as the company works to restart production at its UK countermeasures site.
Babcock outlines medium-term targets, sees 3% to 4% earnings growth
FTSE 250 aerospace and defence group Babcock International said on Wednesday that it expects to see earnings growth of 3% to 4% in the medium term.
London pre-open: Stocks seen higher on dovish Fed comments; services data eyed
London stocks were set to rise at the open on Wednesday, taking their cue from strong gains on Wall Street as investors welcomed dovish comments from Federal Reserve Chair Jerome Powell.
Card Factory backs FY profit expectations, Workspace profit drops
London open London's FTSE 100 was called to open 16 points higher at 7,231.
Wednesday newspaper round-up: Arcadia, Sainsbury's boss, Woodford, NSF
Sir Philip Green has agreed to pump an additional £25m into Arcadia Group’s pension fund, in a deal with regulators that could pave the way for a rescue restructure of his fashion retail empire. Arcadia Group has handed security over additional property assets to the fund in response to a demand from the Pensions Regulator that the former billionaire inject another £50m to fill the group’s pension black hole. - Guardian.