Latest News
Chesapeake Energy bounces after announcing asset sales to stay afloat
US tight oil and natural gas producer Chesapeake Energy took an axe to its capital expenditure budget on Wednesday and announced asset sales in a bid to boost its financial liquidity and stay afloat in the face of the drastic fall in global oil prices.
US pre-open: Oil prices send futures sliding
US futures were set to slide again as investors take note of falling oil prices and turn away from the high-risk equity market.
White House tells Beijing Hawaii is not the South China Sea
Chinese foreign ministry spokesman Hua Chunying said on Wednesday that as far as his country was concerned, it was free to deploy what it wanted to a geo-politically sensitive region in the South China Sea because it believed their ownership was not under dispute.
SCISYS system selected by major UK broadcaster
SCISYS was celebrating a multi-million pound contract win on Wednesday, revealing an unnamed major UK broadcaster was selecting its dira! system for radio production and playout.
Xiaomi fires warning shot at Apple, Samsung with Mi5
Apple and Samsung's stranglehold on the global smartphone market was fired a warning shot on Wednesday, as Xiaomi took the wraps off its next flagship - the Mi5.
UK retail sales fall more than expected, CBI survey finds
Retail sales slowed more than usual in February and expectations for the month ahead were the weakest for three years, the CBI’s latest quarterly Distributive Trades Survey found.
Synectics secures deal with Philippines mega-resort
Synectics announced a major contract win on Wednesday, with its subsidiary Synectics Systems Asia being awarded a multi-million pound deal to supply a large surveillance system for a new casino resort in the Philippines.
Wednesday newspaper share tips: BHP Billiton's welcome dividend policy
BHP Billiton’s new dividend policy is a welcome return of humility to the mining sector, The Times’ Tempus said on Wednesday.
Google's UK tax 'disproportionately small', says Public Accounts Committee
Britain's Public Accounts Committee said on Wednesday that HM Revenue & Customs should monitor the outcome of other tax authorities' investigations into Google, and re-open its settlement with the company if relevant new evidence becomes available.
London midday: Stocks slide amid Brexit fears, falling oil prices
London stocks were dragged lower on Wednesday by Brexit fears and a drop in oil prices.
Europe midday: Stocks in the red as resources drop; oil slides
Basic resources paced the decline in European stocks on Wednesday, with energy issues also under the cosh as oil prices slid.
Investec upgrades William Hill, sees potential for short-term rally
Investec upgraded William Hill to ‘add’ from ‘sell’ and lifted the price target to 404p from 346p.
US central bank may need to be more patient, Fed´s Kaplan says
The multiple headwinds the US economy was encountering argued for patience when deciding on interest rates, a top US central bank official told the Financial Times on Wednesday.
Asia report: Oil makes for a slippery Wednesday
Wednesday brought grim news for most markets in Asia, amid a global slump in energy and banking stocks.
Aston Martin to build second manufacturing plant in Wales
Iconic British car maker Aston Martin said it will create up to 4,000 jobs in the UK as it announced plans to build a second manufacturing facility in St Athan, Wales.
Results round-up
Barratt Developments hiked its dividend by a quarter after the housebuilder's profits mushroomed in the first half of the year.
LGO Energy claims progress in investment talks
Shares in LGO Energy surged as investors excitement over a potential $20m new investment offset worries about defaulted debts.
Scotgold to start processing trial at Cononish
It was full steam ahead at Scotgold Resources on Wednesday, as the firm announced plans to begin a bulk processing trial at Cononish, Scotland's only gold mine.
Broker tips: Greggs, Meggitt, StanChart
Peel Hunt initiated coverage of Greggs with a ‘buy’ rating and a 1,200p price target.
Pension mis-selling could add to financial sector woe, warns National Audit Office
A wave of mis-selling compensation could continue to hit the UK financial industry, the government's National Audit Office has warned in a new report, raising doubts about the effectiveness of regulatory interventions to prevent this.