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Europe open: Stocks waver as basic resources retreat
European stocks wavered in early trade, with basic resources under the cosh following disappointing results from Glencore and amid declining metals prices, as oil remained in the red.
Polymetal reiterates full-year 2016 production guidance
Efficiency gains and cost control allowed Polymetal to report a rise in half-year profits and nudge its interim dividend payout higher, with the company also reiterating its full-year guidance for production.
Ultra Electronics completes divestment of ID cards business
Ultra Electronics Holdings said on Wednesday it has completed the divestment of its ID cards business to LDC for £22m.
Carillion reports jump in H1 profit, announces new FD appointment
Carillion reported a rise in first-half profit and revenue thanks to a strong performance from its support services business, as it announced the appointment of a new finance director.
London open: Stocks slip at start of trading
Stocks started the session lower on Wednesday following a mixed session in Asia and amid weak oil prices.
WH Smith sees 2016 results in line
WH Smith said on Wednesday that results for the year to the end of August are likely to be in line with expectations following a strong performance from the travel business.
Wednesday newspaper round-up: Fund outflows, North Sea Union, Berkeley Group
The immediate fallout from Brexit yielded the biggest outflow of funds from investment managers for at least three years in July as UK investors preferred to put their cash into safe havens. Figures from Morningstar, the financial data specialist, showed that investors pulled nearly £5 billion out of UK investment funds that month because of fears about the vote to quit the EU. However, there have been signs more recently that the market has returned to a degree of equilibrium, helped by the general recovery on the stock market, where the FTSE 100 index has been testing the 7,000 level again.
Hikma H1 operating profit drops but FY revenue guidance reiterated
Hikma Pharmaceuticals reported a jump in first-half revenues but a drop in operating profit, as it reiterated its full-year revenue guidance.
London pre-open: Stocks seen lower; Glencore, WPP in focus
London stocks were set to open lower on Wednesday following a mixed session in Asia and amid weak oil prices.
Glencore gives dividend hint, Astra sells antibiotics business
London open The FTSE 100 index is expected to fall 28 points as it opens on Wednesday morning.
AstraZeneca sells antibiotics business to Pfizer for £1.2bn
AstraZeneca has agreed to sell its antibiotics business to US giant Pfizer for staged payments amounting to $1. 6bn (£1. 2bn) plus recurring, double-digit royalties on future sales.