What you need to know before the open
17 April 2014 7:53am
European markets are expected to open flat this morning as poorer than expected results from both Google and IBM offset the well-received dovish comments of Federal Reserve chair Jane Yellen.
Google shares dipped as much as five per cent in after hours trading last night, after it reported revenues for the first quarter of the year of $15.42bn (£9.18bn), about £100m short of what was expected, but higher than the $12.95bn reported in 2013’s first quarter.
Net income increased to $3.45bn from $3.35bn in the same period during 2013.
But investors will be reassured by Yellen's remarks to the Economic Club of New York that the US would "likely require low real interest rates for some time."
The Fed chair said it could take as long as two years for the US to reach full employment and there was still a significant risk of inflation remaining too low.
The world's largest spirit maker Diageo attributed weak sales in the nine months to 31 March on adverse currency movements and uncertain GDP outlook in emerging markets.
Housebuilder Taylor Wimpey has increased its order book volume by 13 per cent to 8,139 and reported the average selling price of homes in the total private order book have risen by 22 per cent to £249,000.
Oil giant Shell has announced a gas find at the 'Rosmari-1' well in offshore Malaysia.
Data in focus
- 1:30pm: US April initial jobless claims
In other news
It’s become impossible to avoid coverage of this week’s general election here in the UK. Switch on the TV, [Read more]
Enthusiasm for Elsa, Anna, Olaf and friends hasn't thawed, it turns out: Disney's net profits rose to $2.1bn in [Read more]
The property market is terrified of Labour-led government, one of the UK's largest property search websites has [Read more]
The Conservatives and Labour are still neck and neck just days from the General Election according to the latest [Read more]
I came, I saw, I shaved, I died’ isn’t how I want to be remembered,” quips Will King. In 1993, he founded [Read more]
Rival German discounters continue to outpace the UK's "big four" in the supermarket wars with ambitious plans [Read more]
UK construction firms saw a sharp rise in turnover last year, according to figures released today by BNP Paribas [Read more]
Pimco's Total Return Fund - the fund famously run by "bond king" Bill Gross until he stepped down from the company [Read more]
European markets kept calm this morning, despite more jitters as the Greek government entered yet another round [Read more]
The cost of the average weekly grocery shop plunged by eight per cent year-on-year in May as fierce competition [Read more]
The FinTech most influential powerlist is based on the on active users of Twitter and other social media and their [Read more]
UK Oil & Gas Investments (UKOG), the firm behind a potentially huge oil discovery at Horse Hill near Gatwick, [Read more]
Lufthansa said this morning it made a net profit of €425m (£313m) in the first quarter of 2015, up from a [Read more]
This is supposed to be the "social election" - but are the UK's MPs actually any good at social media? [Read more]
UK technology companies’ hiring has reached a record high despite the industry reporting slower growth in business.
The UK’s political heavyweights are throwing their final few punches in what we are assured will be the closest [Read more]