MARKET REPORT
13:08
London midday: Stocks pare losses ahead of Wall Street open
London Stock Exchange AIM LSE shares

London stocks had pared losses to trade flat by midday amid news of a shake-up for the asset management industry.

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13:00
Escape Hunt upbeat after first seven months trading
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Escape game operator Escape Hunt released its results for the seven month period to 31 December on Wednesday - a time when it traded under the name Dorcaster.

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12:59
Co-op Bank secures £700m rescue package
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The Co-operative Bank - which almost collapsed back in 2013 due to a £1bn black hole in its finances - has managed to secure a £700m rescue package.

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12:32
IMImobile posts solid revenue growth
money

Cloud communications software and solutions provider IMImobile announced its preliminary results for the year to 31 March on Wednesday, reporting revenue as growing 24% to £76. 1m, of which 15% was marked as organic growth by the board.

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12:28
US pre-open: Stocks seen mixed ahead of home sales, trade balance data
Wall street america US USA signs

US futures pointed to mixed session on Wall Street on Wednesday as investors looked ahead to home sales and trade balance data.

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12:15
Europe midday: Stocks come off lows as euro strength ebbs
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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.

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11:59
HC Slingsby maintains positive trading
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Industrial and commercial equipment distributor HC Slingsby was holding its annual general meeting on Wednesday, with interim executive chairman and operations director Dominic Slingsby claiming the company had maintained its recent, buoyant levels of trading.

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11:49
Italian consumer prices miss forecasts by wide margin in June
italy italian flag

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.

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11:43
Asia report: Markets mostly lower after red Tuesday on Wall Street
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Markets in Asia were mostly lower on Wednesday, taking their cues from the red finishes on Wall Street overnight.

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11:34
Wednesday broker round-up
oil gas offshore petrofac

Petrofac: Morgan Stanley upgrades to Equal Weight with a target price of 475p.

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11:33
WPP still working to restore services after 'Petya' ransomware attack
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Advertising giant WPP said on Wednesday that a number of its companies - not all - were affected by the 'Petya' ransomware attack that has hit organisations around the world.

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11:12
It's not the right time to raise interest rates, BoE's Cunliffe says
Bank of England deputy governor Jon Cunliffe, finance

It's not the tight time for a hike in Bank Rate, the Deputy Governor for Financial Stability said.

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10:59
French consumer confidence soars after elections
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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.

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10:58
FCA clamps down on asset managers
FCA

The Financial Conduct Authority has called for asset managers to overhaul their charging structures and prices following a near two-year consultation on the £7trn industry.

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10:30
Investors in 7digital to hear more about 24-7 acquisition
internet computers

Business-to-business digital music solutions provider 7digital was holding its annual general meeting on Wednesday, with shareholders set to hear more about the benefits of the company’s recent acquisition of 24-7 Entertainment from MediaMarktSaturn.

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10:28
William Hill rallies as Stifel highlights New Jersey sports betting news
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William Hill racked up healthy gains on Wednesday as Stifel said the US Supreme Court's decision to hear the bid by New Jersey to legalise sports betting in that state should be seen a small positive.

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10:12
Work Group posts negligible numbers as it seeks reverse takeover opportunity
Money coins pound

Work Group released its final results for the year to 31 December 2016 on Wednesday, with revenue coming in at £0. 008m alongside gross profit of £0. 003m, compared to figures of £7. 1m and £4. 5m for the 2015 year, as a result of the sale of its operations at the end of 2015.

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09:21
United Utilities appoints Steve Fraser as COO
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United Utilities has appointed Steve Fraser as chief operating officer with effect from 1 August.

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09:19
Euro headed back to 1.30?
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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.

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09:08
Valuation of some assets somewhat rich, Fed's Yellen says
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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.

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