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West Bromwich BS shares dive after profit warning, court ruling
West Bromwich Building Society (WBBS) has today warned of a full-year loss after the UK Court of Appeal overturned an earlier High Court order in relation to interest-rate margin charges.
Court date set for appeals against Minoan development
Travel and leisure company Minoan Group revealed some positive progress with its controversial large Crete development on Wednesday, with news that appeals to its planning consent will take place in July.
Gala Coral swings to loss amid Ladbrokes merger review
Bookmaker Gala Coral Group swung to a loss in the first half of the year, it reported on Wednesday, posting a loss of £49. 8m in the face of rising revenues.
Cannacord keeps WH Smith at 'hold' despite prodigious cash generation
Canaccord Genuity stuck to its ‘hold’ recommendation and 1,695p target price on WH Smith despite what it described as a “solid” third quarter trading update from the speciality retailer.
IEA warns of massive increase in natural gas supplies
Oversupply in global natural gas markets would keep spot prices under pressure until the end of the decade and might set the stage for supply-side challenges and security risks further down the road, the developed-world´s energy watchdog said.
Results round-up
Online electrical retailer AO World reported on Wednesday a 25. 7% increase in full year revenue to £599. 2, driven by growth in the UK business.
Podemos charge forces Europe's left to reconsider its options
Perhaps even more important than the Brexit referendum on June 23rd, is the Spanish general election which takes place three days later. The result could signify an even greater shift in the European Union's fortunes, should the radical leftist alliance Unidos Podemos gain a measure of power.
EU referendum uncertainty sees UK employment growth slow in May
Employment at British companies rose in May but at the slowest rate in eight months due to EU referendum uncertainty and a lack of qualified candidates, recruiters said on Wednesday.
Asia report: Markets mixed as China data disappoints
Markets in Asia were mixed on Wednesday, with a downplayed reaction from investors to China’s trade data for May being offset by a boost in the energy sector from rising oil prices.
William Hill losing market share in Australia, says UBS
UBS reiterated a ‘sell’ rating and left its target price of 290p unchanged on betting group William Hill on Wednesday.
Assange launches scathing attack on Google: "They are directly engaged with Hillary Clinton’s campaign"
Wikileaks founder Julian Assange claims Google is closely connected with Hillary Clinton's presidential campaign in order to promote the former First Lady who has claimed the Democratic nomination.
UK industrial production unexpectedly rises in April
UK industrial production unexpectedly rose in April from a year earlier, official data showed on Wednesday.
RBC lifts target price, reiterates 'outperform' on Shell
Royal Dutch Shell shares gained on Wednesday after RBC Capital Markets lifted its target price on the stock to 2,000p from 1,9000 and reiterated an ‘outperform’ rating.
Yildiz sets up London-based subsidiary
Turkish food group Yildiz has set up a London-based company, it was revealed this week, in a bid to boost its access to global markets and investors.
Europe open: Stocks slip after World Bank slashes growth forecasts
Sharply reduced global growth forecasts from the World Bank weighed on stocks at the start of the session.
China central bank reiterates economic forecasts
China’s central bank reiterated its forecast for economic growth of 6. 8% this year on Wednesday but cut its estimate on exports.
World Bank slashes global growth forecasts
The World Bank took an axe to its projections for global economic growth this year, while highlighting the impact which low commodity prices were having on the economies of emerging market commodity exporters.
WH Smith travel sales up, High Street like-for-like down 3%
WH Smith said like-for-like sales in the 14 weeks to 4 June 2016 were flat with total group sales up 2%, and added that it was confident in the outcome for the full year.
London open: Stocks fall after disappointing China trade data
London stocks fell on Tuesday after China trade data missed expectations and the World Bank cut global growth forecasts.
Imperial talks up corporate jargon ahead of investor day
Tobacco behemoth Imperial Brands issued a puff-heavy update to the market on Wednesday, ahead of its investor day being held at its head office in Bristol.