Market Pulse
Ryanair cancels thousands more flights, 400,000 passengers affected
Buffeted by pilot recruitment and roster problems, Ryanair confirmed on Wednesday it was cancelling 18,000 more flights between November and March, with 400,000 passengers affected in addition to the hundreds of thousands it announced last week.
US close: Stocks and Treasuries climb on details on White House tax reform
Wall Street rallied from a mid-session collapse and four days of losses to climb back towards recent record highs, with both stocks and Treasury yields boosted by the unveiling of Donald Trump's tax reform proposals.
EU fines Volkswagen's Scania truck arm for price fixing, Scania appeals
European competition regulators have hit Volkswagen's truck manufacturing brand Scania with an €880m fine for price fixing in a cartel with supposed rivals, which the company has said it will appeal.
London close: FTSE firmer as pound continues to slide
London closed higher on Wednesday, while the pound lost some ground against the dollar, as investors digested the latest reading on retail sales.
Europe close: Stocks finish near session highs
Stocks are trading higher amid considerable 'market chatter' regarding the multiple headwinds now facing the European project, ranging from political uncertainty in Germany, doubts about that same country's willingness to move forward on proposals for a new separate budget and the illegal referendum in Catalonia.
FTSE 250 movers: Acacia leads miner charge as Card Factory slumps
The FTSE 250 was up 0. 36% in afternoon trading on Wednesday as the pound fell, with mining companies leading the charge.
London close: Market finishes higher after retail sales data
London closed higher on Wednesday, while the pound lost some ground against the dollar, as investors digested the latest reading on retail sales.
Thursday preview: Updates eyed at Imperial Brands, TUI and RPC
Thursday has little to offer those with a thirst for UK macro, but there is a healthy sprinkling of international economic data and Imperial Brands, TUI, RPC and CMC Markets are among the companies delivering trading updates.
Mosman could be buying another US asset
Oil exploration, development and production company Mosman Oil and Gas updated the market on its operations on Wednesday, having purchased three producing projects so far in 2017.
Crawshaw shares slide after interim report shows wider losses
Meat-focused retailer Crawshaw Group higher increased pre-tax losses in the first half of its trading year due to a weaker sterling forcing its gross margin down 1. 5%, but said that it had seen "positive customer and sales momentum" from the first half carry over into the third quarter.
Synairgen shares rise after announcing 'excellent progress' in separate studies
Synairgen announced on Wednesday it had narrowed its operating loss for the six months leading to 30 June thanks to "excellent progress" made in the development of its Lysyl Oxidase-Like 2 (LOXL2) enzyme inhibitor, and its AZD9412 (SNG001) programme.
Verona Pharma pleased with RPL554 trial top-line results
Clinical-stage biopharmaceutical company Verona Pharma announced top-line results from its clinical pharmacokinetic (PK) trial in the United States on Wednesday, which it said demonstrated that inhaled RPL554 is an “appropriate form of administration” for patients with chronic obstructive pulmonary disease (COPD) and other respiratory disorders.
Kurdish vote 'yes' in referendum to separate from Iraq
Kurds in Iraq have overwhelmingly voted for independence, the Kurdish election commission confirmed on Wednesday.
Velocity Composites outlines 'strengthening' of senior management
Advanced composite material kit supplier Velocity Composites outlined what its board called the “strengthening” of its senior management team through a number of appointments on Wednesday.
FTSE 100 movers: Pearson lifted by upgrade, Randgold weaker as gold prices drop
London's FTSE 100 was up 0. 5% to 7,321. 48 in afternoon trade on Wednesday, underpinned by a weaker pound.
US pending home sales drop more than expected in August
US pending home sales fell more than expected in August, according to figures from the National Association of Realtors.
Defenx enters master services agreement with BV-Tech
Cybersecurity software group Defenx announced on Wednesday that it has entered into a master services agreement with BV-Tech in relation to the development and assignment of software.
Oracle Power signs MoU with Chinese state-owned firms
Oracle Power, the UK-based developer of a combined lignite coal mine and mine mouth power plant located in the Thar desert in the south-eastern Sindh Province of Pakistan, announced on Wednesday that it has agreed in principle a memorandum of understanding with two Chinese state-owned enterprises for the full development and funding of its flagship Thar project.
Carillion surges on takeover report
Carillion shares surged on Wednesday following a report that a Middle Eastern suitor is waiting to see what the construction firm has to say in its update at the end of the week before it makes an offer.
Katoro Gold to hit production targets ahead of schedule and on budget
Tanzania-focused gold exploration and development company Katoro Gold announced it was "well ahead of schedule, within budget and on course" to meeting its production objectives by the end of 2018.