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US pre-open: Stocks to drop ahead of data slew; Turkey ramps up US spat
US stocks looked set for a weaker open on Wednesday ahead of a raft of economic data and as investors continued to keep an eye on developments between the US and Turkey.
US Q2 labor productivity beats forecasts
US labour productivity growth picked-up more strongly than expected during the second quarter amid revisions to compensation data for previous years which some economists said provided a strong signal for the direction of travel in wages.
RBS last in UK bank league tables
State-owned Royal Bank of Scotland has come joint bottom of the personal banking customer services league table, along with Clydesdale, according to first time figures released on Wednesday.
FTSE 100 movers: Miners slump but Admiral rallies on results
London's FTSE 100 was down 1. 3% to 7,509. 60 in afternoon trade on Wednesday, with miners a major drag, as investors digested the latest UK inflation data.
Nanoco revenue jump driven by major US supply contract
Nano-materials developer Nanoco saw its shares dive on Wednesday despite forecasting a significant increase in revenue for the year ended 31 July.
Frontier IP's The Vaccine Group gets grant for E.coli vaccine
University intellectual property commercialisation specialist Frontier IP announced on Wednesday that its portfolio company The Vaccine Group (TVG) has been awarded a £50,000 grant from the global Bacterial Vaccine Network, to support development of a vaccine to combat one of the main causes of bovine mastitis, E. coli.
US industrial production edges higher in July, mining output lower
US industrial production edged only a tad higher last month, although output of business equipment remained strong as mining activity cooled a tad.
Tern's FundamentalVR launches surgery simulator in US market
Internet of things investment company Tern noted an announcement from its portfolio company FundamentalVR on Wednesday, that it has launched ‘Fundamental Surgery’, a “first-of-its-kind” software-as-a-service platform, in the US.
DeepMatter meets 2018 goal for 'DigitalGlassware' pioneer numbers
Chemistry digitising company DeepMatter has now entered into agreements with a total of five organisations for its ‘DigitalGlassware’ pioneer programme, which represents the minimum that it planned to initiate during 2018, it announced on Wednesday.
NetScientific's Wanda launches 'CareLink' digital health product
Transatlantic healthcare IP commercialisation group NetScientific announced on Wednesday that portfolio company Wanda, which it said uses machine learning to help healthcare providers better manage the risk and care of patients, has launched its new digital health application ‘Wanda CareLink’.
Thursday preview: Weather a factor in Kingfisher results, ONS retail sales
Thursday's official UK retail sales data will come after results from DIY retailer Kingfisher, with better weather expected to be a factor for both.
Tencent reports unexpected decline in profits
Tencent shares were in the red on Wednesday as lower investment gains in the second quarter led to a drop in profits at Asia's most valuable tech firm.
RBS confirms dividend after final agreement on DoJ penalty
Royal Bank of Scotland overnight confirmed the final cash settlement of $4. 9bn (£3. 7bn) had been agreed with the US Department of Justice a penalty for the bank's misselling of residential mortgage-backed securities in the run-up to the financial crisis.
US retail sales volumes in July point to solid consumption
Retail sales in the US rose a tad more strongly than expected in July, boosted by sales at department stores and for clothing.
M&S card payments system fails across UK stores
A quarter of Marks & Spencer's 1,035 UK stores were unable to accept card payments after the retailer experienced a "technical glitch".
Empire State manufacturing index ticks up in August
Business conditions in the New York region unexpectedly picked up in August, according to a survey from the NY Fed.
UK used car sales hold steady throughout second quarter
The UK's used car market held steady throughout the second quarter of 2018, as sales dropped only a marginal 0. 4%.
Europe midday: Stocks skid lower, tracking losses in Asia overnight
The retreat in stocks is accelerating on the heels of heavy losses in Asian stocks overnight, alongside fresh weakness in the Chinese yuan and falling prices for industrial metals, even as Wall Street continues to flirt with record-highs and the US dollar pushes to its best level in 13 months.
Battery breakthrough could slash electric vehicle charge time, say researchers
A team of Scottish scientists have developed a new energy storage technology that could see electric vehicles charge-up in just seconds.
Versarien's China expansion boosted by further govt employee secondment
Advanced materials engineering group Versarien on Wednesday saw a second Department for International Trade (DIT) secondee join its ranks.