Market Pulse - Europe
Skanska to shift focus towards UK business
Swedish construction and project development company Skanska announced on Wednesday that it planned to shift its focus towards its business in the UK, laying off 3,000 of its employees across the globe as part of an effort to improve profitability following a strategic review initiated in 2017.
Ferrexpo margins to hit their high-water mark in 2018, Credit Suisse says
Credit Suisse boosted its target price for shares of iron ore miner Ferrexpo by well over a third on the back of the recovery in prices seen over the past year and after the pellet premium surprised to the upside.
Europe close: Stocks mostly lower despite dip in single currency
European stocks were mixed on Wednesday as inflation remained subdued and European Central Bank talk pushed the single currency lower.
London close: Deals news fails to boost stocks
London stocks finished lower on Wednesday as Informa tumbled on news of a merger with UBM and weighed down by disappointing updates from the likes of Burberry and Pearson.
Heathrow to reveal proposal for shortened third runway in cost cutting exercise
Heathrow was set to unveil its new proposal for a shorter and cheaper third runway in an effort to push through its £15bn expansion plans.
Gender pay gap costs British women £138bn each year
Women in Britain are being short-changed by £138bn per year when their earnings are compared to those of their male counterparts, according to data compiled by the Young Women's Trust.
Australia lodges WTO complaint against Canada
Australia filed a trade complaint against Canada on Tuesday, accusing the North American nation of placing "discriminatory" regulations on the sale of wine imported from abroad.
Europe midday: Dax flattens as euro dips on ECB comments
European stocks were mixed on Wednesday as inflation remained subdued and European Central Bank talk pushed the single currency lower.
Eurozone inflation remains subdued to keep ECB on toes
Eurozone inflation was confirmed at the subdued level of 1. 4% last month, keeping the issue at the forefront of the European Central Bank's thoughts.
Europe open: Stocks in the red ahead after ECB guidance rumours
European stocks were in red on Wednesday morning as ongoing political uncertainty in Germany and down day on Wall Street weighed on sentiment ahead of inflation data.