Updates from Twitter and Wetherspoon

The FTSE 100 climbed by just half a point yesterday to 6,588. The lacklustre performance was reflected by little fizz generally from stocks. Amec was the biggest climber of the day, up +1.89% to 1078p while Randgold Resources saw the biggest decline, down -2.56% to 4496p.

The Dow Jones saw a slight dip to 15,300.6, down 25 points.
We commence with news from Twitter that it plans a stock market listing. It's not known when the social media operator plans to make the offering and there are scant details so far. Twitter made almost $585m in revenues in 2013.

It's thought part of the move to go public is to help repay and reward Twitter investors, not to mention supply the capital base to expand. Twitter will have been watching the performance of Facebook very carefully, whose shares have now recovered after some severe wobbles.

The company, created in 2006, now with more than 550m active users, tweeted: "We've confidentially submitted an S-1 to the SEC for a planned IPO. This Tweet does not constitute an offer of any securities for sale." The fourth quarter is traditionally a busy time for social media companies.

Next, preliminary numbers from JD Wetherspoon for the year up to 28 July. Revenues climb to £1,280.9m, a +7% bump while like-for-like sales rise +5.8%. Pre-tax profits climb +6.3% to £76.9m.

"In the six weeks," says the company, "to 8 September 2013, like-for-like sales increased +3.6%. In the last fortnight, like-for-like sales were +2.5% - and this level may be an indicator for future sales growth."

"The biggest danger to the pub industry is the VAT disparity between supermarkets and pubs," it warned in its filings. Overall, the company is aiming "for a reasonable outcome in the current financial year".

Finally, Vodafone has won support for its £6.5bn Kabel Deutschland takeover. In a stock market announcement the company declared that "the 75% minimum acceptance condition has been met".

There had been some worry Vodafone would not see enough support for the move. However the development should mean that Vodafone's German mobile operation will see third party costs cut and should support its ambitions to expand its telecoms and cable business deeper into Europe.

"After completion of the Offer, Vodafone intends to initiate and pass a resolution," the company says, "at the general meeting of KDH shareholders with regard to the execution of a domination and profit and loss transfer agreement with KDH."