Latest News
Kennedy Ventures eyes discounted placing to fund potential lithium project
Shares in Kennedy Ventures, the company chaired by controversial former England cricket supremo Giles Clarke, plunged on Wednesday as the company outlined plans for a discounted £2m fundraising to support the expansion of a tantalite project in Namibia that also offers "significant lithium potential".
US close: Stocks end higher on well-received corporate news
US stocks ended higher on Wednesday, with sentiment underpinned by a series of better-than-expected corporate releases.
Oreo maker Mondelez said to be mulling bid for Cadbury biscuit licence
The US maker of Oreo biscuits Mondelez is reportedly in negotiations to buy the licence to Cadbury biscuits from Burton Biscuits.
FastForward Innovations' video platform Yooya exceeds 9.6bn views
FastForward Innovations’ Chinese online video network investee company Yooya, had more than 9. 6bn lifetime views, more than double the 4bn previously announced in April, as it exceeded it key performance indicators.
PureTech Health's Akili Labs expands its investment by $11.9m
Biotechnology company PureTech Health’s operating company Akili Interactive Labs expanded its series B financing by $11. 9m from two new partnerships.
FTSE 250 movers: Precious metals miners knocked lower
Electrocomponents paced gains on the second-tier index after the electrical components distributor said its first quarter sales to 30 June grew only 1%, but that was a slowdown from the 3. 5% rise recorded in the first six weeks of the period.
Paddy Power slashes odds on Trump presidency
Bookmakers have been cutting odds on Donald Trump becoming the next president of the United States, as Paddy Power lower the chances of the once-thought-impossible event to 15/8, a 35% chance.
FTSE 100 movers: Property stocks rally, miners slide
The FTSE 100 gained 0. 47% to 6,728. 99 points at the close, buoyed by a rally in real estate and housebuilder stocks.
Europe close: Stocks up on corporate sentiment
European stocks managed to end the day in the green on Wednesday as investors welcomed encouraging corporate releases from the likes of SAP and Volkswagen.
Wednesday newspaper share tips: Royal Mail
Royal Mail is a safe bet in the market, with dependable - albeit falling - revenues, The Times's Tempus said.
London close: Stocks gain after upbeat jobs report
London stocks gained on Wednesday after an upbeat UK jobs report offset a slump in mining shares.
Patel moves to permanent CEO at Dotdigital
Software and managed services provider Dotdigital Group announced on Wednesday that Simone Barratt will not be returning to the business following a brief period of illness, and current interim CEO Milan Patel had been formally appointed as CEO with immediate effect.
Xtract raises £1m, moves closer to Manica sale
Xtract Resources updated the market on the disposal of its interest in the Manica Gold Project in Mozambique on Wednesday, and confirmed the completion of a placing of 1,538,461,538 new ordinary shares of 0. 01p at a price of 0. 065p to raise £1m.
US crude oil stockpiles decline in latest week, DoE says
US oil inventories decreased last week, as did those for some of the main oil products.
IronRidge reveals 'exciting' data from May Queen Prospect
IronRidge Resources updated the market on the location of high-grade gold intersections in historical drilling, and the discovery of “exciting” new gold exploration targets, within its wholly-owned Australian licence package at the May Queen Prospect on Wednesday.
Hydrodec make a comeback in first half
Hydrodec Group, a company which re-refines waste oil have announced record sales numbers for the first half of 2016, following on from their reported loss last year.
Small caps news round-up
Consumer professional services firm Fairpoint Group posted a trading update on its performance for the six months to 30 June on Wednesday, ahead of revealing its full half-year results on 15 September. The AIM-traded company said overall group trading for the first half of 2016 was in line with the board’s expectations, with overall revenues increasing in excess of 20% compared to the prior period.
Abbot Labs' earnings beat estimates despite sharp drop
Abbott Laboratories reported better-than-expected quarterly sales and profit as strong demand for its medical device business came good.
Fairpoint trades flat as business transitions
Consumer professional services firm Fairpoint Group posted a trading update on its performance for the six months to 30 June on Wednesday, ahead of revealing its full half-year results on 15 September.
AC Milan set to be taken over by Chinese investors
Italian football giants AC Milan look set to be the latest big acquisition by a group of Chinese investors, as a consortium holds talks with the club to buy an 80% stake, according to reports.