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New York Stock Exchange

US update: Stocks fall after initial Fed minutes lift, Treasuries yields hit high note

The release of Federal Reserve minutes first fuelled Wall Street gains, before flaming out as the market drew to a close on Wednesday sending stocks lower for the second straight session.

Claire Hunte
Photo of old AA vans

PM update: AA shares skid 26%, UK productivity jumps, Unilever to quit UK?

Some relief for US investors today with the Dow powering back across the 25,000 threshold

Adrian Holliday

Broadcom cuts bid for rival chipmaker Qualcomm

Broadcom has cut its offer in the hostile takeover bid for rival chipmaker Qualcomm from $121bn to $117bn.

Richard Reed

VW agrees 4.3% pay rise for 120,000 workers to end strikes

VW has agreed a 4.3% pay rise for its workers to end the first strikes at its factories in 14 years.

Richard Reed

Bad reviews of new app see Citi downgrade Snap to ‘sell’

Negative user reviews of Snap’s new app interface has prompted Citi to downgrade the stock to a ‘sell’. A review chart published by App Annie showed the number of 1-star ratings given to Snap rocketed from 28% to 86%

Richard Reed

Merck & Co snaps up Viralytics for $394m

US drug manufacturer Merck & Co has agreed to buy Australian biotech business Viralytics for $394m in order to expand its drug pipeline.

David Burrows

Share price fall as AA revises down earnings forecast

The AA says it is likely to deliver lower-than-expected annual earnings as it prioritises investments in the business that CEO Simon Breakwell insists are vita” to the company’s long-term success.

David Burrows

Metro Bank shares fall on cash call concerns

Shares in Metro Bank, the UK challenger bank, fell in early trade on Wednesday after rapid growth in loans last year ate into its capital ratio, raising concerns of a cash call on shareholders

Neil Dennis
First Group

First Group feels the impact of a harsh winter

Transport operator FirstGroup’s latest trading update since half-year results back in September, reveals reported group revenue up 0.7% year to date.

David Burrows

Record first-half profit for Barratt Developments

Barratt Developments, the UK house builder, reported on Wednesday that strong customer demand saw total completions rise by 2% in its first half, driving first half profit to a record high

Neil Dennis

Temenos seals £1.4bn Fidessa acquisition

As expected, Swiss banking software company Temenos has agreed with the board of Fidessa Group to buy the UK financial software specialist for around £1.4bn.

David Burrows

AM update: Lloyds profits up +24%, Barratt revenues climb +9.5%, Asian shares positive

The main earnings news this morning is Lloyds with a chunky +24% profits hike

Adrian Holliday

Lloyds announces £1bn share buyback after 2017 results

Lloyds Banking Group marked 2017 as the year it returned to full private ownership on Wednesday by treating its shareholders to a £1bn share buyback after announcing a 24% rise in full-year profit before tax

Neil Dennis

Accor surprises on the upside with improved profits

AccorHotels, has delivered a 10.1% rise in like-for-like operating profits for 2017, helped by cost controls and strong demand most of its’ key regions. The figures were above company guidance and broker forecasts.

David Burrows
Wall Street sign

US update: Street ends lower, retail pain on Walmart earnings miss, Treasury yields spike

Holiday hangover? On the first day of trading after US bank holiday, a deflated performance as the three major market indicators broke their six days of session gains closing lower on Tuesday.

Claire Hunte

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