Latest News
Results round-up
Amid continuing turbulent economic conditions, HSBC Holdings' profits plunged in the second quarter to push interim result south of market expectations, though the bank sweetened the pill with news of a $2. 5bn (£1. 8bn) share buyback thanks to the sale of its Brazilian business.
US open: Stocks gain on better-than-expected private payrolls report
US stocks gained on Wednesday as data showed private sector employment rose more than expected in July.
EDF knew about Hinkley Point delay before board meeting
Energy supplier EDF, which wants to build the Hinkley Point nuclear reactor, knew that the UK wanted to take more time to review the project, before voting to go ahead with the plan, reported Reuters.
Venn Life Sciences wins €2.8m contract
Contract research organisation Venn Life Sciences said it has signed a new contract worth €2. 8m with an unnamed European biotechnology client.
Record-breaking July for Uber rival Lyft
Lyft, one of Uber's main rivals in the cab-hailing market, has posted an impressive record-breaking increase in its number of rides for July.
ISM non-manufacturing slips touch more than expected in July
Service sector activity in the US slowed a touch more than expected in July, according to figures released on Wednesday.
Avacta granted European patent for Affimer technology
European and US regulators handed down further patent decisions in favour of Avacta´s Affimer biotherapeutics and research reagents, helping the company to consolidate its intelectual property portfolio.
FTSE 250 movers: Investors go after Laird; Aggreko goes flat
Shares in Laird were the pick of the 250 risers on Wednesday after UBS upgraded the stock to ‘buy’ from ‘neutral’ on Wednesday but lowered its target price to 350p from 375p.
Fiat Chrysler facing lawsuit over Star Trek actor's death
US automaker Fiat Chrysler will face a lawsuit from the parents of former Star Trek actor Anton Yelchin, who was killed in a freak accident involving a Jeep Grand Cherokee vehicle.
US services sector expands at sluggish pace in July
The US services sector expanded at a sluggish pace last month, albeit faster-than-expected, according to data released on Wednesday.
Devro´s US and China investments facing delays, but 1H profit jumps
Lower production costs and a favourable tailwind from movements in foreign exchange rates helped to offset falling sales volumes, especially in China, at Devro in the first six months of the year.
FTSE 100 movers: Standard Chartered in favour; Direct Line gives up gains
Investors gave Standard Chartered the thumbs up on Wednesday as the bank reported a slump in first half profits but managed to cut bad debts. The FTSE 100 firm led the risers.
Time Warner joins Hulu party with 10% stake
Hulu has another major media giant on its side as US company Time Warner has bought a 10% stake in the video streaming business.
WANDisco narrows first half losses
AIM-listed WANdisco said it narrowed first half pre-tax losses, adding there had been “no discernable” impact on results from the UK's decision to leave the European Union.
Thursday preview: BoE widely expected to cut interest rates
The Bank of England is expected to announce further stimulus measures on Thursday following dreary economic data and the UK’s vote to leave the European Union.
Rare Earth Minerals expecting lithium grants for Australia partner
AIM-listed Rare Earth Minerals said Australia's Macarthur Minerals, in which it holds 15%, expected to be granted 13 out of the 20 lithium exploration licences it applied for.
US private sector adds more jobs than expected in July
Private sector employment in the US rose more than expected in July, driven by an increase in mid-sized-business jobs, according to data released by ADP on Wednesday.
Sunrise Resources signs new drilling contract with Boart Longyear for US project
Mineral explorer Sunrise Resources signed a new contract to drill further at its Bay State silver project in the US.
Conroy Gold discovers new gold bearing Iode in Ireland
Irish miner Conroy Gold & Natural Resources has discovered a new gold bearing lode in its first drilling at the Clay Lake project.
Tritax Big Box signs new £72m loan facility with Canada Life
Tritax Big Box said it has signed a new long-term, interest only, fixed-rate term loan of £72m with Canada Life Investments , secured against a portfolio of three standing assets.