US close: Stocks rebound as investors digest PMI readings
(Sharecast News) - Major indices closed higher on Wednesday as market participants were zeroed in on a Supreme Court hearing on Donald Trump's "reciprocal tariffs" and a pair of fresh PMI readings.
Read MoreEurope close: Markets claw back losses to finish higher
(Sharecast News) - European equities edged higher on Wednesday, recovering modestly from recent losses as stronger economic data from the eurozone and the UK offset lingering concerns over stretched valuations in artificial intelligence stocks and a record-breaking US government shutdown.
Read MoreRevenue falls short but profitability improves for Velocity Composites
(Sharecast News) - Velocity Composites said in an update on Wednesday that annual revenue fell short of expectations due to delays in key aerospace programmes, although profitability improved as operational efficiencies boosted margins and cut costs.
Read MoreBuilt Cybernetics offloads loss-making UK subsidiary
(Sharecast News) - Built Cybernetics announced the completed disposal of its loss-making subsidiary Anders + Kern UK on Wednesday, to the unit's managing director Barrie Meehan for a nominal sum.
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