Chipotle’s first quarterly report under new chief executive Brian Niccol has given investors something to sink their teeth into, and the fast-casual burrito chain’s shares heated up in after-hours trading following better than expected earnings.
French billionaire Vincent Bolloré has been placed under formal investigation relating to suspected bribery of foreign officials in Africa, according to a statement from his spokesman on Wednesday evening.
ConocoPhillips, the US exploration and production group, has been awarded $2.04bn in compensation from PDVSA, Venezuela’s national oil company, in an arbitration decision by the International Chamber of Commerce.
LendingClub shares hit a record low on Wednesday after the Federal Trade Commission accused the online lender of duping consumers by concealing “hundreds of even thousands of dollars” in hidden, upfront fees.
Metro Bank hit a six-month low after results from the lender showed a continued weakening of its capital ratios, which raised fears of a cash call by the year end. “We think management would be well advised to act ahead of its current stated plan of not raising fresh equity capital until 2019,” said Investec.
Heading into the final stretch of its first foray into bond markets, WeWork was on track to sell 7-year notes at a yield between 7.75 per cent and 8 per cent, according to four investors, though that figure could change before banks close their books at 1pm.
KPMG’s continued role as auditors at General Electric has been backed at its annual meeting by investors with 64.9 per cent of the shares voted, an unusually low level of support in a decision that is usually a formality.
It is only the fifth time that the appointment of auditors has won less than 90 per cent support at S&P 500 company since 2015.
Edward Bramson’s activist investment fund has increased its interest in Barclays ahead of a meeting with the British bank’s chief executive that is due to be arranged after its quarterly results on Thursday.
The chips are down for semiconductor makers on Wednesday after a media report said the US Department of Justice is investigating whether China’s Huawei Technologies has violated sanctions related to Iran.
The European Central Bank is scheduled to deliver a policy decision on Thursday at a time when economic data have suggested the eurozone has started 2018 on shaky footing after a blockbuster performance last year.
fastFT has put together a guide on what analysts are watching.