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Investment and hiring outlook hits record lows - IoD survey
UK companies' investment and hiring intentions have fallen to a record low despite a slight pickup in economic confidence, an industry survey showed.
US close: Dow closes lower following FOMC update
US stocks turned in a mixed performance on Wednesday following an update on the state of the nation's economy from the Federal Reserve.
Europe close: Stocks slip amid profit-taking in travel sector
Stocks finished slightly lower ahead of the US central bank's policy announcement scheduled for later in the day and after the Organisation for Economic Cooperation and Development issued a dire forecast for world growth in 2020.
Thursday preview: US jobless claims, Johnson Matthey in the spotlight
Investors' focus on Thursday will shift back towards the US jobs market and in particular to any data points that confirm the surprise increase in payrolls seen in the figures for May.
Director dealings: Harworth chair ups stake in property developer
Harworth Group revealed on Wednesday that chairman Alastair Lyons had acquired 95,000 ordinary shares in the London-listed land and property development company.
Chinese money supply data point to faster growth in 2021
Money supply growth in the People's Republic of China picked up noticeably last month, leading some economists to push back on expectations for further interest rate cuts - at least for the moment.
London close: Stocks finish weaker ahead of Fed announcement
London’s benchmark closed weaker on Wednesday, after the OECD warned the UK is likely to take the worst hit from the coronavirus pandemic among developed nations, and as investors awaited the latest policy announcement from the Federal Reserve.
Broker tips: C&C Group, Ashtead, Lancashire
Analysts at Berenberg upped their target price on brewer C&C Group from 182. 0p to 204. 0p on Wednesday but cautioned that the firm's "road to recovery" was not yet clear.
Lancashire's fundraising shows growth potential, JP Morgan says
Lancashire's £277m capital raising demonstrates the company's growth potential and ability to capitalise on a hardening market, JP Morgan said as it reiterated its 'overweight' rating on the Lloyds's of London insurer.
US open: Mixed start to trading ahead of FOMC decision
Wall Street trading began on a mixed note on Wednesday ahead of an update on the state of the nation's economy from the Federal Reserve later in the day.
Just Eat Takeaway confirms merger talks with Grubhub
Just Eat Takeaway confirmed on Wednesday that it is in advanced talks with US-based Grubhub about a possible all-share merger.
FTSE 250 movers: Just Eat Takeaway slumps on merger news; Lancashire rallies
London’s FTSE 250 was down 0. 8% at 17,615. 54 in afternoon trade on Wednesday, with Just Eat Takeaway pacing the decline.
Ergomed reports decent first quarter
Specialist pharmaceutical services company Ergomed said on Wednesday that it had a “good” first quarter, with “solid” overall growth in revenue.
BofA touts 'value' and ESG stocks, cautious towards S&P 500
Strategists at Bank of America pointed clients towards so-called 'value' stocks for the next few months, highlighting a slew of factors which, they said, should see them outperform as the US economy moves out of the deep recession phase and into a recovery.
FTSE 100 movers: Travel stocks in the red; BAT rises
London’s FTSE 100 was down 0. 2% at 6,323. 24 in afternoon trade on Wednesday after the OECD warned the UK will likely take the worst hit from the coronavirus pandemic among developed nations.
Tower Resources narrows losses in preliminary results
Africa-focussed oil and gas company Tower Resources reported a narrowed loss before tax in its preliminary results on Wednesday, of $2. 66m (£2. 09m), compared to $3. 82m in the prior year.
Snowflake aims for $20bn IPO
Database start-up Snowflake is eyeing a valuation of as high as $20bn in its initial public offering.
European equities better value than US, says Barclays
European equities offer better relative value than US stocks, and further "catch-up potential", Barclays said in an equity strategy note on Wednesday.
US to start studies into three vaccine candidates from July
Authorities in the US are planning to fund and conduct studies into three experimental vaccines for the novel coronavirus, including that being developed by Oxford University's Jenner institute and AstraZeneca.
Tandem in row with biggest shareholder over board pay
The maker of Claud Butler and Dawes bicycles is in a battle with its biggest shareholder over how much it pays non-executive directors.
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