Market Report
GlaxoSmithKline upbeat on latest results from HIV unit ViiV
GlaxoSmithKline announced on Wednesday that specialist HIV company ViiV Healthcare, in which it is the majority owner alongside minority shareholders Pfizer and Shionogi, had reported positive week 48 results from its phase 3 ‘TANGO’ study.
JP Morgan starts Playtech at 'outperform'
Analysts at JP Morgan initiated coverage of Playtech at 'overweight', highlighting the recent stabilisation in the company's business-to-business arm, with its activities outside of Asia having turned higher, and its recent acquisition of Snaitech.
UK foreign trade deficit narrows in May as imports drop
The UK's shortfall in trade with the rest of the world narrowed over the three months to May, but chiefly as a result of purchases of overseas goods.
French industrial output soars in May
French industrial output jumped in May on the back of increases across most sectors, leading some economists to revise their forecasts higher.
Bango makes 'excellent progress' in first half
Mobile commerce company Bango said it had seen some "excellent progress" across its platform so far in 2019, with end-user spend more than doubling year-on-year.
Tricorn brings US facility online ahead of schedule
Tube manipulation specialist Tricorn has brought its US facility and its associated paint line into full operation, well ahead of the expected end of July 2019 date previously indicated.
Europe open: Stocks mixed ahead of Fed's Powell, Spanish issues lower
Stocks on the Continent have started the morning on a mixed note as investors wait for a key speech from the head of the US central bank later in the day.
London open: Stocks nudge down ahead of data slew, Powell testimony
London stocks nudged down in early trade on Wednesday as investors eyed a slew of UK data releases, a testimony by Federal Reserve chair Jerome Powell and minutes from the latest Fed meeting.
Trump and Xi talked by phone on Tuesday, no details reported
The Presidents of the US and China held a telephone call on Tuesday, the first since the G20 leaders' summit at the end of June.
Cairn Energy well southeast of Norne field comes up dry
Cairn Energy's first exploration well in production licence 758 in the Norwegian Sea came up dry.
Chinese CPI steady in June, factory gate prices ease
Consumer price inflation in the people's Republic of China was steady in June, despite a sharp rise in pork prices in the wake of the wave of Africa swine fever.
Superdry swings to loss amid 'difficult' retail environment
Superdry said on Wednesday that it swung to a full-year loss this year as it warned that revenues were likely to drop in 2020 as the retail environment remains difficult.
Barratt Developments sees full-year profit ahead of market expectations
Barratt Developments hailed a "record" full-year performance on Wednesday, with pre-tax profit expected to come in above market expectations, partly underpinned by contributions from its joint ventures.
First half revenue rises at Grafton, Barratt Developments sees 'record' full-year performance
London open The FTSE 100 is expected to open four points lower on Wednesday, having closed down 0. 17% at 7,536. 47 on Tuesday.
London pre-open: Stocks to edge up ahead of data slew, Powell testimony
London stocks were set to edge up at the open on Wednesday as investors eyed a slew of UK data releases, a testimony by Federal Reserve chair Jerome Powell and minutes from the latest Fed meeting.
Wednesday newspaper round-up: Patisserie Valerie, water companies, Kingfisher
The former auditor of Patisserie Valerie, the cake and cafe chain at the centre of an alleged accounting fraud, has been placed under increased scrutiny after the industry watchdog called the quality of its work “unacceptable”. Grant Thornton was the worst performer in the Financial Reporting Council’s annual review of audits by the UK’s big accountants. The FRC said half of the eight Grant Thornton audits it inspected for 2017/18 required significant improvement.
US close: Stocks finish day mixed ahead of Powell testimony
US stocks finished mixed on Tuesday ahead of a potentially key testimony from Federal Reserve chief Jerome Powell scheduled for the next day.