Full List Of Stories
London close: Stocks finish weaker ahead of Fed announcement
London’s benchmark closed weaker on Wednesday, after the OECD warned the UK is likely to take the worst hit from the coronavirus pandemic among developed nations, and as investors awaited the latest policy announcement from the Federal Reserve.
Ergomed reports decent first quarter
Specialist pharmaceutical services company Ergomed said on Wednesday that it had a “good” first quarter, with “solid” overall growth in revenue.
Tower Resources narrows losses in preliminary results
Africa-focussed oil and gas company Tower Resources reported a narrowed loss before tax in its preliminary results on Wednesday, of $2. 66m (£2. 09m), compared to $3. 82m in the prior year.
Castings reports 'satisfactory' profit as revenue falls
Castings reported a fall in total revenue in its final results on Wednesday, to £138. 67m, from £150. 24m a year earlier.
XLMedia to offload Finnish casino assets
Publishing company XLMedia has instructed Akur Capital to start a process to sell the majority of its Finnish-facing casino assets, along with certain other publishing sites, it announced on Wednesday.
Asia report: Markets finish mixed ahead of Fed forecast
Markets in Asia finished in a mixed state on Wednesday, as investors closed their wallets ahead of the latest Federal Reserve forecast later in the global day.
Higher palm oil prices offset lower production for Dekel
West Africa-focussed agriculture company Dekel Agri-Vision updated the market on production and sales at its Ayenouan palm oil project in Côte d'Ivoire on Wednesday.
Portmeirion raising funds to capitalise on growth opportunities
Homewares company Portmeirion Group announced a proposed placing via an accelerated bookbuild on Wednesday, to raise gross proceeds of around £10m at an issue price of no less than 375p per share.
Panoply Holdings acquires tech services business Arthurly
Technology-focussed services group, the Panoply Holdings, announced the acquisition of Arthurly on Wednesday.
Renalytix AI upbeat on latest 'KidneyIntelX' research
Artificial intelligence (AI)-focussed diagnostics company Renalytix AI revealed more details of results from a multi-centre clinical validation of ‘KidneyIntelX’ on Wednesday, which reportedly demonstrated that KidneyIntelX could identify patients at the highest risk of early-stage diabetic kidney disease, with more accuracy than existing care methods.
E-therapeutics enters collaboration deal with Galapagos
E-therapeutics has entered a collaboration agreement with Galapagos to identify new therapeutic approaches to modulate a specific mechanism involved in idiopathic pulmonary fibrosis (IPF), and potentially in other fibrotic indications, it announced on Wednesday.
Revenue rises while earnings slip at Global Ports
Cruise port operator Global Ports Holding reported a 146% rise in passengers in its first quarter on Wednesday, to 1. 3 million, with general and bulk cargo ahead 46% to 286,500 tons.
Zegona announces dividend after Euskaltel distribution
Zegona Communications announced a £5. 7m dividend payment on Wednesday, after shareholders of Euskaltel approved a 17 euro cent (15p) dividend per share on 2 June, to be paid in July.
Paragon records £27.7m Covid charges, cancels interim dividend
Paragon Banking Group reported an underlying profit £57. 2m in its first half on Wednesday, down from £79. 8m year-on-year, as its statutory profit before tax slid to £57. 1m from £72m.
Shaftesbury warns on rent collection, LondonMetric pays fourth quarter divi
London open The FTSE 100 is expected to open 10 points higher on Wednesday, having closed down 2. 11% at 6,335. 72 on Monday.
US close: Markets mixed as Dow pumps brakes
Wall Street closed in a mixed state on Tuesday, as the Dow Jones Industrials looked set to pump the breaks on its comeback rally amid heightened concerns around another spike in Covid-19 cases and trade tensions between the US and the EU.