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UK Brexit concerns rise as businesses fret

Bloomberg UK companies are getting more worried about the economy and feeling less confident in spending money on hiring or investing, according to a new report. The Recruitment and Employment Confederation said an index of economic conditions has fallen to the lowest this year, with a greater proportion of respondents to its survey saying things are getting worse. Employers are ...

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Vanguard cuts Uber share price by 15%

Bloomberg Vanguard Group and T. Rowe Price Group Inc. marked down the value of their shares of Uber Technologies Inc. by as much as 15 percent following a drumbeat of bad news, lawsuits and boardroom battles at the ride-hailing company. Vanguard cut the worth of the shares by 15 percent to $41.46 as of June 30 from the prior quarter, ...

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WPP shares slump as ad giants cut forecast on weak spending

Bloomberg WPP Plc shares had their biggest drop in 17 years after the world’s largest advertising company cut its full-year revenue forecast amid lower spending by customers, in particular consumer-goods manufacturers. The stock fell as much as 13 percent after WPP said like-for-like revenue growth is expected to be between zero and 1 percent in 2017. That’s down from an ...

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