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Markets

LSE Volume: 1,612 M
Avg Vol: 3,268 M -51%
Fallers
1,891
Unchanged 723
Risers
2,385

FTSE100 remains little changed in early deals this morning

MORNING REPORT: The headline index was little changed in early deals today, as investors fret over the continuing slowdown in China, and with a number of blue chips hit by ex-dividend factors.....

Primark profit growth offsets sugar woes at AB Foods

Food ingredients to fashion group Associated British Foods said revenue in H1 fell 2% and adjusted operating profit rose 1%. Revenue in the food businesses was lower, because of commodity deflation, particularly sugar.

The Press Roundup

A brief summary of Wednesday's main business headlines... Extensive coverage of pharmaceutical frenzy, business lending, blue chips' bonus payments....

ARM earnings up

Chip designer ARM Holdings said total dollar revenues in Q1 were $305.2m, up 16% versus Q1 2013. Q1 sterling revenues of £186.7m were up 10% year-on-year.

Reed on target

Educational publisher Reed Elsevier said first quarter underlying revenue growth rates across the group remained broadly consistent with full year 2013.