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Sector movers: Food retailers bought, oil stocks see profit taking
Food retailers led UK stocks higher on Wednesday amid a report about improving shop prices and a strong update from wholesaler and convenience store owner Booker.
IAG traffic gains ahead of BA strike
British Airways and Iberia parent International Consolidated Airlines Group said airline traffic, as measured in revenue passenger kilometres, rose 3. 9% in June compared to the same month last year.
Thursday preview: Spotlight on AB Foods and Bovis
Primark owner Associated British Foods is due to release a update for its third quarter's trading on Thursday, while housebuilder Bovis Homes will publish a first-half trading update fresh on the heels of a strong report from sector peer Persimmon.
Tanzania's new mining laws 'ominous' for Acacia Mining
Tanzania has passed legislation allowing the government to renegotiate and dissolve contracts, the final of three bills aimed to take what it sees as a fairer share of profits from its mining sector, which is dominated by London-listed Acacia Mining.
Persimmon lays down 'excellent' first half foundation
Housebuilder Persimmon put together an excellent foundation to its financial year, reporting resilient consumer confidence and strong momentum moving into the second half.
UK services growth weakens, business optimism evaporates
Growth in the UK's services sector weakened to its lowest in four months in June, according to a Markit survey published on Wednesday that also found business optimism dropped to its second-lowest in over five and half years.
UK retail sector nears end of four-year deflationary cycle - BRC-Nielsen
Retail sector price deflation fell to its lowest rate in over three and a half years in June, according to a survey of the industry, as the effects of the weak pound and rising commodity prices continued to feed through.
AA cuts debt with new bond issue
AA, the roadside assistance and insurance provider, has issued £250m of bonds and reduced its senior debt by £98m with a new senior facility at reduced margins.
Ocado sales surge but profits held back amid further investment
Ocado, the online grocery specialist, increased orders volumes and revenues in the first half of the year but saw profits shrink and debt grow due to investments in its third 'customer fulfilment centre', in Andover.