Full List Of Stories
Sector movers: Telecoms and grocers fail to offset losses for pharma, tobacco
Telecoms and grocers did best on Wednesday, buoyed by positive endorsements from analysts against a backdrop of selling in the more defensive corners of the market as central banks on this side of the Pond made more 'hawkish' sounding noises.
Directors dealings: British American APAC director takes home a pack of shares
British American Tobacco's director for Asia-Pacific took a pack of shares in the company he helps run home with him on 23 June.
US open: Wall Street gains as dollar slips, banks rise
Gains for banks and commodity-related issues saw Wall Street bounce back from recent weakness despite mixed reports on the economy.
Europe close: Stocks close well off lows despite FX volatility
A strong start to the day on Wall Street buoyed European stocks, offsetting the impact of a stronger euro and the somewhat contradictory headlines swirling around the European Central Bank and Bank of England.
Results round-up
Electronics retail group Dixons Carphone released its preliminary results for the 12 months to 29 April on Wednesday, reporting group like-for-like revenue as growing 4%, with statutory revenue up 9%.
Broker tips: BT Group, Provident Financial, William Hill
Macquarie lifted its recommendation on shares of BT Group to 'outperform' for the first time ever, telling clients that investor caution around the prospects for the operator's future free cash flows had now overshot and that markets were overlooking the upside to be had from its EE unit.
Macquarie raises target price on BT, says investors too pessimistic
Macquarie lifted its recommendation on shares of BT Group to 'outperform' for the first time ever, telling clients that investor caution around the prospects for the operator's future free cash flows had now overshot and that markets were overlooking the upside to be had from its EE unit.
JP Morgan cuts Provident Financial target, but keeps dividend estimate
Analysts at JP Morgan slashed their target price on shares of Provident Financial but reiterated an 'overweight' stance, emphasising that recent negative issues impacting the firm's Home Credit unit were 'operational' in nature and unrelated to credit quality.
Pound spikes as Carney signals hike in Bank Rate might be closer
The Monetary Policy Committee will need to tighten policy if the 'trade-off' facing policymakers continues to lessen, the Governor of the Bank of England said.
Euro gives up gains after ECB's Constancio says policy stance unchanged
The single currency's gains evaporated as one of the highest-ranking officials at the European Central Bank said a speech by his boss the day before had not signaled any change in the policy stance.
Europe midday: Stocks come off lows as euro strength ebbs
European stocks recouped some of their early losses following a weaker-than-expected reading on Italian inflation that robbed the euro of some of its strength.
Italian consumer prices miss forecasts by wide margin in June
The cost of living in Italy saw a large and unexpected drop in June, leading some economists to mark down their forecasts for euro-area wide data which were set for release at the end of the same week.
Euro area money supply growth steady in May
Lending activity within the euro area expanded at a steady pace last month with a slight improvement in a key gauge, official data revealed.
It's not the right time to raise interest rates, BoE's Cunliffe says
It's not the tight time for a hike in Bank Rate, the Deputy Governor for Financial Stability said.
French consumer confidence soars after elections
French consumer spirits were buoyed following the elections, a possible indication that the French had bought into new president Emmanuele Macron's promises of deep reforms to reinvigorate the economy, the results of an official survey revealed.
Euro headed back to 1.30?
The European single currency pierced a key level of technical resistance and past a certain point further gains might trigger another large move higher, according to technical analysts.
Valuation of some assets somewhat rich, Fed's Yellen says
The head of the US central bank reiterated that a gradual path of policy tightening would likely be appropriate, adding that the valuations of some asset prices had become somewhat rich.
Europe open: Stocks track Wall Street lower, euro gains altitude
European stocks have begun the day moving lower with further gains for the single currency weighing on equities amid a fresh setback for the US administration's plans to push through healthcare reform.
Wednesday newspaper round-up: Brexit, Yellen, Ocado
Splits emerged at the top of government yesterday as the Brexit secretary accused the chancellor of inconsistency and Boris Johnson faced mockery. The prime minister appeared to be struggling to contain divisions within her top team after David Davis and Philip Hammond set out alternative timetables for Brexit, with different customs arrangements in place once the two-year talks had concluded. - The Times.