Market Report
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.
Petisovci progress slower than expected, says Ascent
Europe-focussed oil and gas exploration and production company Ascent Resources updated the market on its progress at the Petišovci project in Slovenia on Wednesday, with production from Pg-10 continuing “satisfactorily”, with the product being sold to a local industrial customer through partner Geoenergo.
Tesco to cut 1,200 head office jobs in cost-cutting drive
Tesco is planning to axe 1,200 jobs at its head office as it charges ahead with its cost-cutting drive.
Venezuelan supreme court attacked with grenades thrown from helicopter
A Venezuelan police helicopter attacked the country's supreme court building with grenades in what President Nicolas Maduro described as a "terrorist attack".
London midday: Stocks pare losses ahead of Wall Street open
London stocks had pared losses to trade flat by midday amid news of a shake-up for the asset management industry.
Escape Hunt upbeat after first seven months trading
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.
Co-op Bank secures £700m rescue package
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.
IMImobile posts solid revenue growth
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.
US pre-open: Stocks seen mixed ahead of home sales, trade balance data
US futures pointed to mixed session on Wall Street on Wednesday as investors looked ahead to home sales and trade balance data.
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.
HC Slingsby maintains positive trading
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.
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.
Asia report: Markets mostly lower after red Tuesday on Wall Street
Markets in Asia were mostly lower on Wednesday, taking their cues from the red finishes on Wall Street overnight.
Wednesday broker round-up
Petrofac: Morgan Stanley upgrades to Equal Weight with a target price of 475p.
WPP still working to restore services after 'Petya' ransomware attack
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.
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.
FCA clamps down on asset managers
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.
Investors in 7digital to hear more about 24-7 acquisition
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.
William Hill rallies as Stifel highlights New Jersey sports betting news
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.