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.
Some relief for US investors today with the Dow powering back across the 25,000 threshold
VW has agreed a 4.3% pay rise for its workers to end the first strikes at its factories in 14 years.
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%
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.
The main earnings news this morning is Lloyds with a chunky +24% profits hike
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
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.
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.