1630: Close The FTSE 100 closed up 2.81 points to 6798.15 after the Bank of England (BoE) Governor Mark Carney said interest rate increases will be more restrained than in the past. He warned that the economy still faces challenges. The BoE also released minutes from its last meeting which showed policymakers all agreed on keeping interest rates at 0.5% and asset purchases at £375bn. Topping the FTSE 100 was Capita after impressing investors with a strong set of interim results. The firm said that pre-tax profits rose 15% to £238m during the half, which was helped by £1.3bn of major contract wins, as it hiked its interim dividend by over 10%.
1510: Bank of England Governor Mark Carney said interest rate increases will be more restrained than in the past as the economy continues to face challenges. Speaking in Glasgow, he warned that a stronger pound, weak demand in key export markets and government budget-cutting are holding back growth.
1448: A plane failed to complete an emergency landing on a Taiwanese holiday resort of Penghu, killing more than 40 people, according to reports. With the local region being affected by typhoon winds, the domestic TransAsia Airways flight GE222 crashed with 54 passengers and four crew on board, Taiwan's CNA news agency reported, leaving 51 dead. Officials said the flight aborted its initial landing and then crashed.
1325: Pro-Russian rebels gunned down two Ukrainian war planes near to the site of the downed Malaysia Airlines Flight 17, according to the Wall Street Journal citing a Ukrainian defense ministry spokesman. The alleged ground-to-air attack would represent the first time a plane has been brought down over Ukraine since the crash.
1300: Boeing raised its 2014 earnings per share guidance by $0.75 to between $7.90 and $8.10, as it reported core EPS up 45% to $2.42 for the second quarter. Revenues of $22bn reflects higher commercial deliveries, it said, with solid operating cash flow of $1.8bn. It has a strong backlog at $440bn with over 5,200 commercial airplane orders.
1248: UK annual retail sales growth escalated in July, according to a survey by the Confederation of British Industry (CBI. The CBI distributive trades survey's retail sales balance rose to +21 in July from +4 in June, beating economists' forecasts of +16.Sales expectations for August were +36, up from +17 in July.
1216: GlaxoSmithKline (GSK) on Wednesday cut its 2014 outlook as it reported a 4% fall in second quarter revenue to £5.6bn.The drugmaker, which is in deep water over a bribery scandal in China, said core earnings per share dropped 12% to 19.1p and operating profit declined 14% to £1.4bn.
1211: US stock futures are showing further gains ahead of the opening bell on Wall Street after a positive finish last night, with investors taking an optimistic approach ahead of earnings from a number of heavyweights including Boeing, PepsiCo, Facebook and AT&T. "These gains clearly show that investors are more concerned about economic data and earnings season right now than the conflicts in eastern Ukraine and the Gaza strip," said Market Analyst Craig Erlam from Alpari UK. "That's not to say that both of these don't have the potential to cause further disruptions and weigh further on investor sentiment, it just means that the risk associated with these events is fully priced in and there has been no new significant developments."
1130: 83 of the 116 S&P companies that have published quarterly earnings have beat the street according to FactSet data.
1107: The United Nations High Commissioner for Human Rights Navanethem Pillay said there is a "strong possibility" Israel is violating international law in Gaza, Sky News reported. Pillay said Israel's killing of Palestinians raised serious concerns of excessive use of force by the Jewish state. The death toll from the two-week clashes has exceeded 600.
1058: The FTSE has continued to move higher, now up almost 19 points at close to 6,814. In the latest from the crisis in Ukraine, the EU has agreed to impose further sanctions on Russia, although leaders have stopped short of moving to the more serious Level Three sanctions. A wider list will be drawn up by the end of the month naming further officials and businessmen who will become subject to asset freezing and travel limitations. Meanwhile, UK MPs have said the government is still licensing arms exports to Russia following the publication of a committee document that states the UK has retained arms export licences with Russia, valued at £132m.
0930: The Bank of England voted unanimously on keeping interest rates at a record low of 0.5% and asset purchases at £375bn, minutes from its July meeting revealed.
0830: The top tier index surprised with a modest gain at the opening bell, lifted by gains in Asia and the States overnight. This morning's rise is being led by Capita, which revealed it has secured £1.3bn of new contracts in the first half and that growth has been broadly in line with expectations. Investors will be keeping an eye out for the release of the BoE's minutes from its July meeting, which will detail how the Monetary Policy Committee voted when they decided to keep borrowing costs at a record 0.5% earlier this month. The FTSE 100 is up 9.24 at 6,804.58.