Market Report
London open: Oil majors lead rise after US withdraws from Iran deal
London stocks rose in early trade on Wednesday as investors mulled over US President Trump's largely expected decision to pull out of the Iran nuclear deal and sifted through a raft of corporate news, with bakery chain Greggs bucking the trend on the back of a cautious outlook.
Wetherspoon chairman calls for UK to go it alone on customs
After sales from his JD Wetherspoon pub chain slowed in recent weeks, founder Tim Martin has weighed into the debate about post-Brexit customs arrangements by calling for Britain to go it alone and calling the EU a protection racket.
Grainger acquires Southampton build-to-rent development
The UK's largest listed residential landlord Grainger has unconditionally agreed to fund and acquire a 132 property build-to-rent development in Southampton from National Regional Property Group for roughly £27m.
OneSavings Bank loan book up 5% in first quarter
The loan book at OneSavings Bank grew 5% in the first quarter, the company said on Wednesday, as it reiterated its guidance for the year.
G4S Q1 trading in line, revenue growth to accelerate in second half
Security group G4S said on Wednesday that first-quarter trading was in line with the outlook it provided in March and that it expects growth to accelerate in the second half of the year after organic revenues fell 2% in the first quarter.
London pre-open: Stocks to edge up as investors mull US Iran deal withdrawal
London stocks were set to edge up at the open on Wednesday, with oil prices in focus after US President Trump announced that he was pulling out of the Iran nuclear deal.
Wednesday newspaper round-up: Retailers, Facebook, Google, Vodafone
Britain’s retailers suffered the sharpest drop in business in more than two decades last month as bad weather, the squeeze on household budgets and the timing of Easter led to a hefty cut in consumer spending. In the latest evidence of the slowdown in the economy since the turn of the year, the latest health check from the British Retail Consortium (BRC) and KPMG found that sales were down by 3. 1% in April, the biggest decline since the survey was launched in 1995.
US close: Markets mixed as Trump pulls US out of Iran nuclear deal
Wall Street finished a mixed bag on Tuesday, as US President Donald Trump announced he had decided to pull out of the Iran nuclear deal.