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Deliveroo reveals expansion plans and 'click and collect' scheme
Deliveroo announced its expansion plans for the UK in 2019 and its new ‘click and collect’ scheme on Wednesday on the date that marks its sixth birthday.
Manufacturers warn of 'disastrous' impact of govt immigration plans
A leading manufacturing organisation has warned that the government’s proposed immigration caps will have a “disastrous” effect on the sector.
US wants "significant structural change" in trade relationship with China, Lighthizer says
The US administration seeks "significant structural changes" in its trade relationship with China, America's trade czar told Congress.
Commodities: Oil futures bounce back despite record US oil output
Commodity prices were moving higher on Wednesday, helped by a 'bullish' set of weekly US oil inventory figures, even as America's trade czar, Robert Lighthizer, testified before Congress on the current state of US-China trade talks.
Europe close: Stocks slip amid soft data, eyes on trade talks
Stocks on the Continent slipped a smidgen as somewhat wary investors paused for breath to assess the latest economic data, while keeping an eye on the latest news-flow around US -China trade talks.
FTSE 250 movers: Metro Bank dives, Capita racks up gains
London's FTSE 250 was down 0. 61% in afternoon trading on Wednesday, as Metro Bank once again found itself under the cosh.
Thursday preview: US data, British American Tobacco in the spotlight
The spotlight on Thursday will be on a raft of economic data in the US, together with an avalanche of company results in Britain.
London close: Stocks slip even as sentiment towards UK warms
London stocks finished in the red on Wednesday as sterling pushed to a seven-month high against the US dollar and 21-month high versus the euro amid increased expectations that a no-deal Brexit will be avoided.
UK strikes deal to retain WTO procurement membership after Brexit
Britain has secured a deal to remain within the World Trade Organisation’s Government Procurement Agreement (GPA) after the nation leaves the European Union.
Metro Bank profit soars but growth guidance cut
Metro Bank reported a solid set of full year results and tweaked its strategic targets overnight, after announcing an emergency fundraising and saying that financial regulators were to investigate its accounting error last month.
Santander UK CEO received £4.6m pay package last year
Santander’s UK Chief Executive took home a £4. 6m pay package in 2018, according to the lender’s annual report.
ITV teams up with BBC for streaming service, ad sales wobble
ITV is close to concluding talks with the BBC over a strategic partnership to launch a video-on-demand service called Britbox, but said profits fell last year and TV advertising sales will fall in the first four months of 2019.
Broker tips: Marks & Spencer, Ocado, Tullow Oil, Shell
Analysts think that Marks & Spencer’s £750m joint venture with Ocado faces a lengthy period of unprofitable development, but the expense should eventually pay off.
US open: Stocks open lower as Trump-Kim summit kicks off
US stocks opened lower on Wednesday as investors awaited news from a summit between Donald Trump and North Korean leader Kim Jong Un and another day of testimony from Federal Reserve Chairman Jerome Powell before Congress.
Sector movers: Personal goods knocked, banks boosted
Retailers and personal goods companies were not well liked on Wednesday, while banks were higher despite the travails of Metro Bank.
Premier Foods shakes up board following strategic review
British food manufacturer Premier Foods has shaken up its boardroom following a strategic review aimed at increasing shareholder value.
Director dealings: Intermediate Capital director ups stake
Intermediate Capital director Michael Nelligan acquired 12,000 ordinary shares in the FTSE 250-listed asset manager on Wednesday.
RBC downgrades Shell to 'sector perform'
Analysts at RBC Capital Markets downgraded oil giant Shell to 'sector perform' on Wednesday, citing three key reasons for the move.
US pending home sales bounce back strongly in January
US pending home sales bounced back much more strongly than expected in January after hitting a near five-year low the previous month, according to data from the National Association of Realtors.
Avingtrans swings to profit after medical revenue leaps
Avingtrans on Wednesday reported that it swung to an interim profit after revenue almost doubled after its energy division put in a strong performance.