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Thursday preview: EU Summit (Brexit) and MPC decision in focus
The market spotlight will continue to be firmly on all things Brexit on Thursday, as the European Union leaders' summit kicks-off in Strasbourg.
Europe close: Stocks slip ahead of US Fed policy announcement
Stocks on the Continent fell going into the US central bank's policy announcement on Wednesday evening, weighed down by very weak corporate updates coming from both sides of the Atlantic.
Google unveils Stadia cloud gaming platform
Google revealed that it will wade into the gaming market as it unveiled its Stadia digital platform on Tuesday, a device which the tech giant said will allow gamers to play without the need for discs or downloads.
London close: Dip in pound fails to stem selling pressure
London stocks dipped on Wednesday, with a drop in sterling unable to stem the selling as investors were suddenly faced with the prospect of further key votes in Parliament on Brexit as soon as the following week.
Inmarsat takes off after confirming private equity talks
Satellite communications group Inmarsat confirmed on Tuesday evening that it was in talks with a consortium of private equity companies after receiving a $3. 3bn proposal to buy the company out in January.
EU will only grant Brexit extension if May wins MPs approval - Tusk
Theresa May's request for a short Article 50 delay got a cold shoulder from European Union counterparts on Wednesday, while Parliament held an emergency Brexit debate.
US open: Stocks slip ahead of Fed policy announcement
Wall Street's main stockmarket gauges were moving lower on Wednesday as investors opt to stay on the sidelines ahead of the latest policy announcement from the Federal Reserve.
FTSE 250 movers: Kier crumbles, Inmarsat takes off
London's FTSE 250 was 0. 49% lower at 19,455. 35 in afternoon trading on Wednesday, with Kier Group's tumble dragging the index lower.
Pound plunges as EU rebuffs May's call for short Brexit delay
Theresa May on Wednesday told the House of Commons that she is "not prepared to delay Brexit any further than the 30 June" but reports leaking from the European Union suggested otherwise.
FTSE 100 movers: DCC gains on MS note; Kingfisher drops on results
London's FTSE 100 was down 0. 2% to 7,309. 28 in afternoon trade on Wednesday as investors grappled with a seemingly endless stream of Brexit-related headlines.
Weekly US oil and gasoline inventories fall rapidly, DoE says
US crude oil inventories shrank sharply during the preceding week as exports and refinery activity picked up.
SDL profits grow as transformation plans bear fruit
Software and professional services group SDL said on Wednesday that full-year profit and revenues grew as it made "substantial" progress against its transformation plan and strategic objectives.
Dutch coalition government may lose Senate majority to eurosceptics
Holland's coalition government is at risk of losing its Senate majority in provincial elections due to be held on Wednesday evening as the Eurosceptic Forum for Democracy climbs in the polls.
Investment banking enduring worst quarter 'in recent history' - UBS
The chief executive of UBS has called the last three months one of the worst quarters in investment banking’s recent history.
Share smashes revenue record as it returns to profitability
Share, the parent company of independent retail stockbroker The Share Centre reported a 12% improvement in revenue to a record £21. 0m in its preliminary results on Wednesday, which it said was helped by a first full year of its Computershare partnership.
Curtis Banks profits on the up as SIPPs numbers grow
Financial services group Curtis Banks reported a 13% jump in 2018 profit on Wednesday as revenue and the number of new SIPPs administered increased.
YOLO directors upbeat after tough year for its investments
YOLO Leisure and Technology reported swung to unrealised losses on its investments for the 2018 financial year, it announced on Wednesday, with losses totalling £0. 84m, compared to gains of £0. 66m in 2017.
Cloudbuy still hungry for cash as revenue falls
Cloud-based merchant service provider Cloudbuy reported a 26% fall in its full-year revenue on Wednesday, to £1. 11m.
Asia report: Markets mostly lower on fresh US-China concerns
Markets in Asia were mostly in negative territory as they closed on Wednesday, as investors struggled to make sense of the latest news from the ongoing trade tensions between the US and China.
Speedy Hire says trading in line, announces Lifterz acquisition
Tool and equipment hire company Speedy Hire said on Wednesday that trading for the year to the end of March 2019 was in line, as it announced the acquisition of powered access specialist Lifterz for £9. 6m in cash.