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Paddy Power Betfair speeds to interim gallop after slow start
Maiden interim results from Paddy Power Betfair showed the merged bookmaker sped up to a gallop in the second quarter, with the online arm whipping profits higher.
Edenville Energy appoints non-executive chairman
Edenville Energy has appointed geologist Jeffrey Malaihollo as non-executive chairman, effective from 1 September.
Express Inc tumbles as Q2 falls short of expectations
Shares in Express Inc tumbled in pre-market trade after the US retailer’s second-quarter results fell short of analysts’ expectations.
Gable continues to implement strategic restructuring plan
Gable Holdings continues to pursue the implementation of its strategic restructuring plan as part of a wider strategic review.
Molins warns on FY trading expectations, halves interim dividend
Technology and services company Molins has revised its full-year trading expectations lower as it reported in-line interim numbers that were accompanied by a dividend slashed by half.
Europe midday: Stocks edge higher but basic resources drop
European stocks edged tentatively higher on Wednesday, but gains were limited amid weakness in the basic resources sector and lower oil prices.
Businesses retain staff despite drop in confidence post Brexit
Businesses seem to have shrugged off Brexit uncertainty with 64% of firms retaining staff, according to a survey on Wednesday.
London midday: Stocks fall as miners slump after Glencore results
London stocks fell on Wednesday as disappointing half year results from Glencore dragged mining shares lower.
US pre-open: Stocks set for muted start
US futures pointed to a broadly flat open on Wall Street as investors continued to eye Federal Reserve Chair Janet Yellen’s speech at the end of the week, with existing home sales data on tap.
OneSavings Bank surges as interim profits grow faster than expected
Half-year profits from OneSavings Bank were higher than the market expected despite management significantly boosting liquidity ahead of the Brexit referendum.
Owen Smith to fight to keep Britain in EU
Labour leadership contender Owen Smith said he will “fight tooth and nail” to keep the UK in the European Union, as he distances himself from Jeremy Corbyn.
London mortgage lending falls as rest of UK market grows, CML data shows
Mortgage lending fell in London in the second quarter of the year amid a growing market in the rest of the UK regions, according to data from lenders.
Asia: Stocks mixed as oil prices drop, traders await Jackson Hole
Asian stocks were mixed on Wednesday as oil prices fell and traders awaited comments from Federal Reserve officials.
Costain H1 profit up, hikes dividend by 15%
Construction and engineering group Costain reported a rise in first-half pre-tax profit as revenue grew and the order book remained at a record level.
UK house purchase approvals fall to 18-month low, BBA says
Mortgage approvals for house purchases in the UK fell to an 18-month low, according to the British Bankers Association (BBA), though maintained the level of borrowing remained buoyant in the month after the Brexit vote.
Candover Investments net assets per share drop in first half
Candover Investments reported a drop in its net assets per share in the first half of the year.
NMC Health's revenue rises due to long-term growth strategy
NMC Health, a private healthcare network operator in the UAE, reported a rise in half year revenues, boosted by the company’s long-term two-stage strategy.
Exports boost German GDP in Q2 but Brexit clouds loom large, some economists say
A sharp rebound in exports kept the German economy´s expansion on track during the second quarter of 2016.
Citigroup upgrades Drax, says risk/reward more balanced
Citigroup upgraded Drax to ‘neutral’ from ‘sell’ as an 8% drop in the share price since the beginning of the month has left the shares trading near the bank’s unchanged 305p price target.
Canaccord upgrades TT Electronics to 'buy'
TT Electronics shares gained on Wednesday as Canaccord Genuity raised its rating on the stock to ‘buy’ from ‘hold’ and lifted its target price to 180p from 165p.