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Oxford Pharmascience hits stumbling block with OXPzero
Specialty pharmaceutical company Oxford Pharmascience updated the market on progress in its commercialisation efforts for its OXPzero Ibuprofen and OXPzero Naproxen compounds.
Broker tips: Vodafone, Admiral, Henderson
Vodafone Group was given a boost on Wednesday after Deutsche Bank reiterated a ‘buy’ rating and lifted its target price to 310p from 300p.
SAP second-quarter profit up 73%
German software company SAP reported a 73% jump in net profit for the second quarter on the back of healthy cloud growth and lower restructuring costs.
Europe midday: Stocks extend gains as SAP, VW rally on earnings
European stocks pushed higher, extending earlier gains as investors welcomed encouraging corporate releases from the likes of SAP and Volkswagen.
Hikma Pharmaceuticals launches generic cancer tablets in US
Hikma Pharmaceuticals said its wholly-owned US affiliate, West-Ward Pharmaceuticals has launched generic cancer treatment tablets in the US.
London midday: Stocks gain as UK jobs data exceeds forecasts
London stocks advanced on Wednesday after UK data showed an unexpected drop in the unemployment rate and a better-than-forecast increase in jobs added to the economy.
Johnson Matthey eyes £40m profit boost from weak pound
Speciality chemicals group Johnson Matthey increased sales 6% to £822m in the first quarter thanks to strong sales growth for its vehicle catalysts, while profits could be boosted substantially by weakness of the pound.
Theresa May to meet Merkel and Hollande as UK gives up European Council presidency
Theresa May was scheduled to meet German Chancellor Angela Merkel on Wednesday as Downing street said the UK will relinquish its forthcoming six month presidency of the European Council.
Eckoh buys Klick2Contact for £2.35m
Secure payment provider Eckoh bought Klick2Contact (K2C), an Omni-channel customer engagement service, for £2. 35m in cash and shares.
IQE on track to achieve full-year expectations
IQE expects to deliver a significant increase in revenues and profits for the first half of 2016 compared to the same period a year ago as it continues to diversify its revenues.
Macquarie expresses preference for Rio Tinto over BHP after Q2 production update
Analysts at Macquarie reiterated their 'outperform' stance on shares of Rio Tinto following the mining group´s second quarter calendar year production update.
Asia report: Markets mixed as Pokemon Go delayed
Markets in Asia slowed on Wednesday and finished mixed, as Nintendo tripped up after announcing its runaway Pokemon Go mobile game’s Japan launch would be delayed.
Deutsche Bank reiterates 'buy' on Vodafone, lifts target price
Vodafone Group was given a boost on Wednesday after Deutsche Bank reiterated a ‘buy’ rating and lifted its target price to 310p from 300p.
No clear evidence of slowdown after EU referendum vote, BoE says
There was no clear evidence of a sharp general slowing in economic activity following the EU referendum, the Bank of England´s updated Agents´ Summary of Business Conditions survey for July found.
Uber facing London employment tribunal over drivers' holiday and sick pay
Taxi hire app Uber is being taken to a London employment tribunal after being accused by two of its drivers of unlawfully not offering paid leave for holidays and sickness.
UK households´ financial strains worsen after referendum vote, Markit says
UK households´s financial perceptions worsened substantially in July following the EU referendum vote, although quickly rising wages and expectations of a cut to Bank Rate were acting as an offset, Markit said.
UK unemployment rate improves but recent data shows weakness
The UK's official unemployment rate has improved to 4. 9% by the end of May, according to the Office for National Statistics, with average weekly earnings rising 2. 3% as expected.
MayAir secures $10.6m of new contracts
MayAir, which provides air purification technology, has secured new contract wins in its industrial and commercial divisions with a combined value of $10. 6m.
Brazil Supreme Court overturns country's Whatsapp block
Brazil's fractious relationship with messaging service Whatsapp continued to provoke controversy on Tuesday as the app was temporarily banned, before being restored again a matter of hours later.
Unilever buys Dollar Shave Club
Unilever has agreed to buy California-based male grooming business Dollar Shave Club for an undisclosed sum.