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London close: Stocks still positive after US inflation reading
London markets posted modest gains on Wednesday, following a key US inflation reading that showed relative stability in price rises in October.
Botswana Diamonds drilling plans get environmental authorisation
Botswana Diamonds announced on Wednesday that it has received environmental authorisation from Botswana’s Ministry of Environment and Tourism to proceed with drilling two high-priority targets in the Kalahari region.
Prospex to start earning from Viura-1B well
European gas and power project investor Prospex Energy announced on Wednesday that production income from the Viura-1B development well was expected to start in early December.
Transense reports strong start to new financial year
Sensing and measurement systems specialist Transense Technologies announced a 48% increase in revenue for the first four months of its financial year in an update on Wednesday.
Focusrite reports fall in full-year revenue, earnings
Music and audio products company Focusrite reported an 11. 2% decline in full-year revenue on Wednesday, to £158. 5m, driven by weak demand in its content creation segment as the market continued to de-stock following the Covid-19 pandemic.
European Metals confirms site for Cinovec processing plant
European Metals Holdings confirmed on Wednesday that the processing plant for its flagship Cinovec Lithium Project in the Czech Republic would be located at the site of the former Prunéřov 1 Power Station (EPR1).
Strix shares slide on revised profit outlook
Kettle safety control and water technology specialist Strix Group revised its profit forecast for the year on Wednesday, citing weaker-than-expected consumer demand in key regulated markets and ongoing macroeconomic challenges.
Gateley confident after strong first half
Professional services firm Gateley Holdings reported a strong first-half performance in a trading update on Wednesday, with both revenue and underlying profit before tax rising by about 5%.
Asia report: Markets mixed as RBNZ cuts rates, China industrial profits fall
Asia-Pacific markets presented a mixed performance on Wednesday, reflecting investor caution after New Zealand’s central bank cut interest rates, China reported a decline in October industrial profits, and Australia released lower-than-expected inflation figures for the month.
Faron announces promising MDS trial results
Faron Pharmaceuticals announced promising interim phase two results from its ‘BEXMAB’ trial on Wednesday, targeting relapsed or refractory myelodysplastic syndrome (r/r MDS) patients.
Supermarket loyalty pricing not disadvantaging consumers - CMA
The Competition and Markets Authority (CMA) published its findings on loyalty pricing in the UK grocery sector on Wednesday, concluding that such practices were not creating unfair disadvantages after a nearly year-long review.
Sunrise Resources completes offload of Crow Springs mining claims
Sunrise Resources announced on Wednesday that it has received the final payment of $75,000 from Dicalite Management Group, completing the $150,000 sale of mining claims in the Crow Springs area of Nevada.
RBNZ lowers interest rate, tempers expectations for future cuts
The Reserve Bank of New Zealand lowered its official cash rate (OCR) by 50 basis points to 4. 25% on Wednesday, marking its second consecutive half-point cut.
Pennon Group swings to half-year loss
Pennon Group reported a statutory loss before tax of £38. 8m for the first half on Wednesday, swinging from a profit of £3. 2m year-on-year, as restructuring costs and investments weighed on the bottom line despite a 17. 5% increase in underlying revenue to £527. 2m.
easyJet full-year profits surge, GSK meningococcal vaccine gets EC approval
London open The FTSE 100 is expected to open 14 points higher on Wednesday, having closed down 0. 4% on Tuesday at 8,258. 61.