Market Report
McDonald's stock interests investors as it plunges into artificial intelligence
McDonald’s has sparked the interest of investors after deciding to purchase artificial intelligence start-up Dynamic Yield.
Europe close: Stocks little changed amid slide in bond yields
Stocks on the Continent ended the session little changed despite 'dovish' remarks from top European Central Bank officials and a slide in European government bond yields, particularly on German bunds, with investors also waiting on a slew of indicative votes in the British Parliament.
London close: Stocks steady ahead of indicative votes in Parliament
London stocks had reversed earlier gains by midday on Wednesday as sterling pared losses ahead of 'indicative votes' on Brexit in Parliament later in the day.
FTSE 250 movers: Games Workshop builds, Indivior idles
London's FTSE 250 index was flat at 18,895. 46 in afternoon trade on Wednesday, as tabletop gaming retailer Games Workshop topped the index.
Bercow blocks third vote on May's Brexit deal
House of Commons speaker John Bercow appears to have blocked Theresa May's attempts to pass her Brexit deal through Parliament, stating that no meaningful vote could take place without significant changes to the proposal.
Director dealings: Hansteen executives lower stakes
Hansteen Holdings' joint chief executives Morgan Jones and Ian Watson both disposed of 3. 75m ordinary shares in the UK-based industrial property investor on Wednesday.
Broker tips: Ferguson, Greencoat Renewables, Pets at Home
JPMorgan Cazenove upped its stance on shares of plumbing and heating products distributor Ferguson to 'overweight' from 'neutral' on Wednesday after the stock sold off the day before on the back of half-year results.
US crude oil inventories stage surprise increase, DoE says
US oil stockpiles jumped unexpectedly last week, as net imports increased slightly and refinery rates declined.
Sector movers: NMC Health leads decline
Health care, beverages and utilities led on the downside as the FTSE 100 dipped into the red on Wednesday, while aerospace, banks, telecoms and life insurance were higher.
US open: Stocks open lower as bond yields hit lowest point since late 2017
Wall Street trading opened with losses on Wednesday amid a continuing rapid decline in US Treasury yields and 'market chatter' regarding possible interest rate cuts by the Federal Reserve.
Modern Water joint venture gets go-ahead for Gibraltar treatment plant
Water treatment systems company Modern Water announced on Wednesday that Gibraltar's Development and Planning Commission has considered an application for the building of the territory’s first wastewater treatment plant.
FTSE 100 movers: Banks and housebuilders rally; utilities unloved
London's FTSE 100 was down 0. 5% at 7,160. 85 in afternoon trade on Wednesday as investors eyed the upcoming 'indicative votes' on Brexit in parliament.
Mirriad Advertising outlines new go-to-market strategy
Mirriad Advertising updated the market on its new strategy on Wednesday, following a detailed review by its new chief executive officer, Stephan Beringer.
Barclays International boss set to leave amid reshuffle
Barclays International and Barclays Bank Plc head Tim Throsby has decided to leave, Barclays said on Wednesday, as it announced a series of leadership changes to "capitalise on its strengths as a diversified consumer and wholesale bank".
BT mulls much larger job cuts - report
Shares in BT Group popped higher on Wednesday afternoon on the back of a report that the telecoms giant may cut almost double the number of jobs than it had previously announced.
Cohort subsidiary wins £3m US defence contract
Independent technology group Cohort announced on Wednesday that its subsidiary, Chess Dynamics, has been awarded a subcontract to provide electro optical (EO) tracking and control systems.
Qualcomm loses bid for iPhone import ban against Apple
Qualcomm lost a bid on Tuesday to ban imports of several iPhone models into the US after the International Trade Commission ruled in favour of Apple.
Summit Therapeutics swings to profit after revenue soars
Summit Therapeutics on Wednesday reported that it swung to an annual profit following a leap in revenues attributed to a collaboration agreement with Sarepta Therapeutics.
Inland Homes enters into £65m credit facility with HSBC
Brownfield developer and housebuilder Inland Homes has entered into a revolving credit facility of £65m, it announced on Wednesday, which included an accordion of £20m.
Catalyst Media profits boosted by SIS' performance
Sports marketing outfit Catalyst Media Group saw profits move ahead in the first half of its trading year, driven by a strong showing from Sports Information Services.