MARKET REPORT
12:05
Revolution Bars boss quits after Stonegate bid rejected
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Mark McQuater, chief executive of Revolution Bars, has stepped down with immediate effect a day after shareholders voted against a recommended takeover by Stonegate Pub Company.

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12:04
Production issues hit margins at Chamberlin
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Specialist castings and engineering group Chamberlin updated the market on its trading for the financial year to 31 March on Wednesday, reporting that revenues for the first six months of the current financial year were in line with management expectations.

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11:55
Asia report: Markets mixed as Chinese Communist Party meets
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Markets in Asia were mixed but little changed on Wednesday, as investors in the region were turning their attention towards Beijing and the Communist Party Congress for signals on the country’s policy direction.

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11:55
Euro area construction output dips in August
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Euro area construction output shrank slightly in August amid softer activity in both building and civil engineering.

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11:49
US pre-open: Stocks seen a little higher as investors eye Dudley, Kaplan comments
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US futures pointed to a slightly firmer open on Wall Street on Wednesday as investors eyed comments from Fed officials Dudley and Kaplan.

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11:25
Xi hails 'new era' for China at opening of Communist Party congress
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Chinese president Xi Jinping opened the Communist Party Congress with a three-hour speech on Wednesday in which he pledged to lead the country into a "new era", lowering trade barriers and deepening financial sector reforms.

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11:11
Wizz Air applies for UK licence to ensure post-Brexit operations
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Central and Eastern Europe-focused budget carrier Wizz Air has applied for an air operator's certificate and operating licence in the UK to make sure it can continue to operate in the country following Brexit.

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10:52
UK wages continue to lag inflation, putting ball in Bank of England court
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UK wage growth continues to lag behind inflation, official figures showed on Wednesday, though shifts in the level of employment mean the Bank of England's decision on whether to raise rates in November is "on a knife edge", some economists feel.

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10:30
Europe open: Stocks continue climbing, but periphery investors on edge
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Stocks are mostly higher in the early party of the session, buoyed by weakness in the single currency and the continuing grind higher by the main market indices on Wall Street.

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10:19
McDonald's South Korean offices raided
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South Korean prosecutors raided McDonald's Seoul office, as well as those of three partner companies, on Wednesday as part of a probe into allegations that the US fast food giant had been undercooking its meat, causing many customers severe illnesses.

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10:17
Miraflores feasibility study delivers positive findings for Metminco
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A feasibility study into exploration and mining group Metminco's Miraflores gold project in Colombia revealed that the project had the potential to deliver production levels of nearly 45,000 ounces of gold per year.

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09:46
Softcat throws up hard cash amid growing demand for cyber security
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IT products and service provider Softcat proposed a bumper dividend after generating double-digit annual growth in sales and profits, but said it has not yet found a replacement for departing CEO Martin Hellawell.

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09:38
Foxtons revenue drops in 'challenging' London market

Estate agency Foxtons reported a drop in third-quarter revenue on Wednesday amid challenging conditions in the London property market.

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09:26
Flybe nosedives after profit warning
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Shares in Flybe tanked on Wednesday after the budget airline warned that full-year profit would take a hit from higher-than-expected aircraft maintenance costs in the first half.

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09:17
DS Smith to buy Romanian packaging and paper group for EUR208m
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DS Smith has agreed to buy Romanian integrated packaging and paper group EcoPack and EcoPaper for an enterprise value of around €208m in a deal that is expected to be immediately enhancing to earnings.

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09:03
London open: Stocks edge higher ahead of unemployment, earnings data
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London stocks edged higher in early trade on Wednesday as investors eyed the release of the latest UK wages and unemployment data.

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09:00
BHP Billiton copper output drops but FY guidance unchanged
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BHP Billiton posted a decline in iron ore production in the three months to the end of September, but said it remains on track to meet production targets for the year.

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08:55
Rio Tinto settles with FCA over Mozambique impairment, faces US fraud claims
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Rio Tinto was slapped with a £27. 4m fine by the City watchdog for failings in its financial reporting process relating to the disastrous $3. 7bn purchase of coal mining assets in Mozambique, an issue that US regulators have also now begun to investigate.

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08:47
IP Group takeover of Touchstone goes unconditional
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IP Group updated the market again on its takeover offer for Touchstone Innovations on Wednesday, confirming that as at 1300 BST on Tuesday, it had received valid acceptances of its offer in respect of 155,859,312 Touchstone shares, representing 96. 6844% of Touchstone’s issued share capital.

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08:35
Nostrum flags delay to GTU3 completion
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Independent oil and gas company Nostrum Oil & Gas updated the market on the progress of GTU3 on Wednesday, reporting that due to the delayed delivery of some specially designed valves required for the tie-in of GTU3 with GTU1 and GTU2, it would not be possible to bring gas into GTU3 in 2017.

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