Market Report
Card Factory revenue grows but margins under pressure
Greeting card retailer Card Factory increased its revenue 6. 7% in the nine months leading to 31 October, driven principally by growth in lower margin non-card categories.
Pollution authorities revoke closure order on Vedanta power units
Vedanta Resources confirmed on Wednesday that the State Pollution Control Board in the Indian state of Odisha, through its order on 10 November, has revoked the closure order on the remaining two power units that were shut down as directed by them on 13 September.
Barratt Developments hails strong start to year, private sales remain strong
Housebuilder Barratt Developments said on Wednesday that it has made a strong start to the year and remains confident of delivering a good performance in FY18.
AstraZeneca upbeat on FDA approval for asthma treatment Fasenra
AstraZeneca and its global biologics research and development arm, MedImmune, announced on Wednesday that the US Food and Drug Administration has approved Fasenra (benralizumab) for the add-on maintenance treatment of patients with severe asthma aged 12 years and older, and with an eosinophilic phenotype.
Legal & General Investment Management buys ETF platform Canvas
Legal & General Group announced on Wednesday that Legal & General Investment Management Holdings has entered into an agreement to acquire Canvas, the established exchange traded fund platform of ETF Securities, for an undisclosed consideration.
Legal & General acquiring ETF platform Canvas, TalkTalk customer numbers rise at expense of profits
London open.
London pre-open: Stocks to edge lower as investors eye jobs data
London stocks were set to edge lower at the open on Wednesday as investors eyed the release of the latest UK jobs data.
Wednesday newspaper round-up: Public sector pay, trade unions, Brexit
Philip Hammond is facing renewed calls to unfreeze public sector pay, as fresh analysis suggests the cost to the Treasury would be cushioned by £2. 5bn in additional tax revenues and benefits savings. A significant portion of funding required to lift the cap would be returned almost immediately to the Treasury, according to research from the Institute for Public Policy Research (IPPR) thinktank. – Guardian.
US close: Markets lower as investors warned on bull market
Stocks again saw losses on Tuesday as some of Wall Street's most veteran investors sounded a cautious note on the outlook for the current bull market equities.