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US close: Stocks mixed on trade, social networks plunge
US stocks ended mixed after a choppy start on Wednesday, as trade talks with Canada resumed and investors left mulling the possibility that Trump could impose further tariffs on China this week.
Commodities: WTI drops as hurricane Gordon spares Gulf of Mexico
Commodities came under selling pressure in the middle of the week after hurricane Gordon steered clear of the main oil-producing areas of the Gulf of Mexico.
Europe close: Selling in technology space sends indices lower
Stocks across the Continent finished a volatile session lower, as selling in technology issues accelerated throughout the afternoon and buying in shares of lenders ebbed, against a backdrop of budget and populist pressures throughout Southern Europe.
Premiership Rugby clubs ponder £275m league buyout bid
Premiership Rugby club owners are to meet on Tuesday to discuss a £275m league buyout from private equity company CVC Capital Partners, former owners of Formula One.
Broker tips: Vodafone, BP, UK Banks
Investor concerns about Vodafone's lack of dividend cash cover are justified, said Bernstein, but upgraded its rating on the stock on the company's undervaluation in light of its agreed asset swap with Liberty Global.
FX round-up: Pound finishes volatile session flat, EM FX finds respite
Sterling rocketed on Wednesday after Bloomberg reported that Germany and Britain were now both prepared to accept a less detailed agreement on the UK's future economic and trade ties with the European Union, hopefully leaving a deal on the Irish backstop as the last remaining bone of contention.
London close: FTSE falls to four month-low
London's blue chip stocks on Wednesday fell to their lowest finish since April as the pound sharply reversed earlier softness, oil prices weighed and UK business optimism remained low amid trade and geopolitical tensions.
FTSE 250 movers: William Hill and Equiniti buck falling trend
London's FTSE 250 was down 0. 74% at 20,396. 05 in afternoon trade on Wednesday.
US open: Stocks down on trade concerns, FANG drop
US stocks headed into some rough water at the open on Wednesday ahead of the resumption of trade talks with Canada and as investors mulled the possibility that Trump could impose further tariffs on China this week.
Morgan Stanley upgrades BP to 'overweight' ahead of new capex cycle
Analysts at Morgan Stanley upped their rating and target price on oil giant BP on Wednesday, as they took a fresh look at the sector ahead of an expected new capex cycle.
Director dealings: Obtala chairman ups stake
Obtala's chairman Miles Pelham purchased 5m ordinary shares in the Africa-focused agricultural and forestry company.
Brexit tail-risks for UK banks are rising, JP Morgan says
Analysts at JP Morgan sounded an upbeat note on shares of UK lenders on Wednesday, even as they warned that Brexit 'tail-risks' were rising.
Iran urges Europe to offset US sanctions by November deadline
Iran has set a 4 November deadline for European parties to its nuclear deal to find a way to offset US sanctions against the country’s oil industry, suggesting it may pull out of the deal if they fail.
Pound surges as Germany and UK said to ditch key Brexit demands
Sterling shot higher against both the dollar and the euro on Wednesday afternoon following a report that the British and German governments have ditched key Brexit demands.
Everyman Media posts 32% jump in first-half revenue
Cinema chain Everyman Media posted a jump in first-half revenue on Wednesday as it benefited from increased sites and admissions, a rise in box office pricing and improved spend per head on food and drinks.
Coro Energy losses widen on acquisition costs
Euro-Asian gas explorer Coro Energy said the first half of 2018 was "a busy and exciting time" for the firm, with senior personnel changes and corporate consolidation allowing it to achieve scale in its European business.
Visits to the UK decline throughout the first quarter, ONS says
International travellers were less keen to come to visit Britain over the first three months of the year than they were a year earlier, according to new data from the Office for National Statistics.
Frontier Developments fails to push investors' buttons as revenue dips
Videogame developer Frontier Developments saw its shares dip on Wednesday after a fall in revenue and increased investment in research and development cut annual profits.
Frenkel Topping 'confident' despite stuttering growth
Financial adviser and asset manager Frenkel Topping saw its shares dip on Wednesday as its first-half profit before tax fell following the recruitment of additional trainees and graduates.
FTSE 100 movers: Melrose retreats but housebuilders buck the trend
London's FTSE 100 was down 1. 1% to 7,375. 46 in afternoon trade on Wednesday as the pound shot higher against the dollar and the euro following a report that the British and German governments have ditched key Brexit demands.