EDINBURGH - Britain's top share index edged lower on Wednesday as traders digested mixed earnings reports, with Barclays lending support to the index as it benefited from falling costs.
LONDON - Barclays Plc said its underlying profits fell 8 percent in the second quarter as the British bank's attempts to crack down on high-risk trading and subdued market activity took a toll on investment banking revenue.
LONDON - Bankers who break rules on their conduct may have to hand back bonuses up to seven years after being awarded them, the Bank of England said on Wednesday as it unveiled some of the world's toughest curbs on the sector.
LONDON - British American Tobacco reported lower revenue and profit for the six months ended June 30, hurt by the strong British pound and a slight decline in volume.
LONDON - ITV Plc , the British commercial broadcaster that has caught the eye of pay-TV group Liberty Global Plc , posted a higher-than-expected 11 percent rise in first-half adjusted earnings, helped by the draw of the football World Cup.
PARIS - PSA Peugeot Citroen reported a surprise surge in first-half cash flow and the first auto-division profit in three years, sending the French carmaker's shares soaring as its turnaround plan began to show results.
MOSCOW - Russia's second-largest bank, VTB , said on Wednesday it was ready to borrow on financial markets outside the European Union and United States after it was included in new Western sanctions over the Ukraine crisis.
MOSCOW - Russian precious metals miner Polymetal has raised its 2014 production forecast, it said on Wednesday, after reporting a 17-percent increase in first-half output.
MILAN - Fiat Chrysler on Wednesday reported a fall in second-quarter operating profit as a better performance from its luxury brands and its Asia and European operations failed to offset weak Latin American and disappointing North American results.
FRANKFURT - HeidelbergCement expects the information on the sale process of its building products business would be sent out to potential buyers in late September, Chief Executive Bernd Scheifele said on Wednesday.
The headline - 0.8 percent second-quarter growth - sounds good. But construction shrank and industrial production was weak. Only services were strong. It sounds like a warning of future problems. Expectations of a UK interest rate rise may be delayed, leading the pound down.