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GBG to buy IDscan Biometrics and raise £25m in share placing
GBG, an identity intelligence specialist, agreed conditionally to buy IDscan Biometrics, an identification software provider, and raise up to £25m through a share placing on AIM.
Prudential is top pick among European insurers, says Barclays
Barclays reiterated an ‘overweight’ rating and target price of 1609p on Prudential, saying the insurer is a “strong high quality business and the double digit growth story is intact”.
Greene King FY profit up 52%, but warns on Brexit impact
Pub group Greene King reported a surge in full-year profit and revenue, partly thanks to its acquisition of Spirit Pub Company, but cautioned that Brexit was likely to hit consumer confidence in the near term.
Vodafone may move global headquarters away from London
Vodafone, one of the United Kingdom's biggest companies, will reconsider whether to maintain their global headquarters in London after the country's shock decision to leave the European Union last week.
Eurozone economic sentiment broadly stable in June
Economic sentiment in the eurozone was broadly unchanged in June, according to figures from the European Commission.
Shawbrook bounces back with help from Credit Suisse note
Shawbrook shares surged back 23% higher on Wednesday morning, helped by comments from Credit Suisse that the reaction to the UK's vote to leave the European Union which had seen the challenger bank lose over half of its value in the three days was "overdone".
More downside to Europe stocks, overweight FTSE 100 and Swiss equities, says Deutsche
Deutsche Bank sees another 7% downside to its near-term Stoxx 600 target of 295, the bank said on Wednesday, as it outlined its post Brexit trade recommendations.
Tourists flocking to London after Brexit
Britons have delivered a potential windfall to the tourism and luxury goods industries as the fall in value of the pound makes goods and services cheaper for foreigners, according to Bloomberg.
PureCircle's stevia imports released by the US
PureCircle, a stevia sweetner producer, said on Wednesday its shipments which were detained by US customs and border protection (CBP) at the beginning of June have been released.
Credit Suisse sees 30% chance of 'Brexit lite', recommends buying UK dollar earners
In its latest global equity strategy note, Credit Suisse said there was a 30% chance of a ‘Brexit lite’ and no change in governing party until 2020.
Ocado falls back as brokers cut forecasts but see 'limited' Amazon threat
Shares in Ocado gave up much of Tuesday's gains as further downgrades were made to forecasts for the current year by Barclays and Exane BNP Paribas.
London open: Stocks rise as investors get to grips with Brexit
UK equities rose on Wednesday as investors came to terms with the reality of Brexit.
Europe open: Stocks in the black as Brexit woes set aside for now
European stocks rose in early trade as investors put their concerns about Brexit aside – at least for now – and bet that central banks would implement further stimulus measures.
McCarthy & Stone says Brexit may impact order book completion
Retirement homebuilder McCarthy and Stone said the UK's exit from the EU may have an impact on the timing and cost of the conversion of its order book of reservations into completions.
Sophos reports better-than-expected first quarter
Network security solutions company Sophos updated the market on its first quarter trading on Wednesday, and said it was looking at billings above board expectations.
German consumer sentiment set to improve in July, says GfK
German consumer sentiment is set to improve next month but uncertainty following the UK’s decision to leave the European Union could take its toll, according to data from market research group GfK.
Cobham appoints Qinetiq's David Mellors as CFO
Aerospace and defence group Cobham announced the appointment of David Mellors as chief financial officer.
Stagecoach earnings rise, though outlook uncertain
Passenger transport operator Stagecoach posted final results for the year to 30 April on Wednesday, with adjusted earnings per share rising 3. 7% to 27. 7p.
Homeserve well placed after Brexit; signs new affinity deals in US
Maintenance group Homeserve said it was “well positioned” to meet the challenges posed by Britain's exit from the EU, adding that growth prospects remained “strong”.
Amec wins £75m UK MoD submarine contract
Amec Foster Wheeler said it has won a £75m UK Ministry of Defence contract to supply independent nuclear propulsion safety and technical advice for the Royal Navy's submarine flotilla.