Market Report
Warpaint London swings to a loss as margins contract
Cosmetics company Warpaint London swung to an interim loss on Wednesday after some disappointing sales growth and increased expenses.
Trump seeks to 'substantially increase' sanctions on Iran
Donald Trump has asked the US Secretary to the Treasury to increase sanctions against Iran, in the latest escalation of tensions between the two countries.
Eagle Eye expands down under with New Zealand retailer deal
Real-time marketing technology provider Eagle Eye Solutions Group announced a new three-year contract with an unnamed “leading” New Zealand retailer on Wednesday.
BIS's Carstens says global recession 'far from sure'
The head of the Bank for International Settlements said a global recession was not yet certain and called for a resolution of trade tensions in order to boost growth.
US housing starts hit 12-year high in August
US housing starts hit a 12-year in August, according to figures released by the Commerce Department on Wednesday.
FedEx slumps after downgrading earnings guidance
FedEx shares slumped in pre-market trade on Wednesday after the US shipping company posted a drop in first-quarter earnings and downgraded its guidance for the year, pointing to weakening global economic conditions and higher costs.
Wednesday broker round-up
Weir Group: JP Morgan downgrades to neutral with a target price of 1,500p.
Europe midday: Markets higher ahead of Fed meeting
European stocks were slightly higher at Wednesday lunchtime ahead of the US Federal Reserve's policy announcement meeting, while oil prices continued to retreat from Monday's highs.
Netanyahu and election rival in deadlock as race is too close to call
Israel’s Benjamin Netanyahu and his rightwing coalition failed to secure the 61-seat majority they needed in the elections, revealed the first round of exit polls.
Liberum slashes Sirius Minerals price target after miner pulls bond sale
Broker Liberum slashed its price target on buy-rated Sirius Minerals to 9p from 40p on Wednesday a day after the company pulled a $500m bond sale that was crucial to unlocking a $2. 5bn credit facility from JPMorgan needed to finance its potash mine in Yorkshire.
Eddie Stobart confirms expression of interest from Andrew Tinkler's TVFC
Eddie Stobart Logistics confirmed on Wednesday that it has received a "highly preliminary" expression of interest from TVFC, a company controlled by former Stobart Group boss Andrew Tinkler, that could include an offer for the struggling logistics group.
Huawei to invest $1.5bn in developer program
Huawei announced on Wednesday plans to invest $1. 5bn on its developer program over the next five years and its intention to offer deeper access to its 5G secrets as part of its latest computing strategy.
US pre-open: Futures point to early losses ahead of Fed decision
US futures had stocks opening slightly lower on Wednesday as investors awaited a rate decision from the US Federal Reserve later in the session.
UK 'best buying opportunity' among developed markets, Blackstone says
Blackstone is among the list of investors that has been picking up UK assets on the cheap as a result of Brexit.
BoE Governor Carney may be asked to extend term - FT
Mark Carney may be asked to prolong his term at the helm of the Bank of England if Britain's scheduled date for departing the European Union is delayed again.
London midday: Stocks marginally higher after inflation data; Fed eyed
London stocks were still a touch higher by midday on Wednesday as investors mulled UK inflation data and looked ahead to the latest policy announcement from the Federal Reserve.
Asia report: Markets finish mixed ahead of Fed rate decision
Markets finished in a mixed state in Asia on Wednesday, as investors turned their attention across the Pacific to the US Federal Reserve’s interest rate decision for the month, set to be released later in the global day.
UK inflation falls to lowest level since late 2016
Inflation has fallen to its lowest level for nearly three years, official data showed on Wednesday, weighed down by volatile computer game prices.
Avation inks four-aircraft deal with Braathens Regional Airways
Commercial passenger aircraft leasing company Avation has signed 10-year leases with Braathens Regional Airways for four new ATR 72-600 aircraft, it announced on Wednesday.
Roche gets breakthrough designation for 'Gazyva' lupus treatment
Roche announced on Wednesday that the US Food and Drug Administration (FDA) has granted ‘Breakthrough Therapy Designation’ (BTD) to ‘Gazyva’ (obinutuzumab) for adults with lupus nephritis.