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London midday: Stocks climb as pound slides after industrial and manufacturing data
London stocks climbed on Wednesday as investors weighed industrial and manufacturing data and awaited remarks from Bank of England Governor Mark Carney.
Tethyan Resources disappointed with Cadinje drilling results
Tethyan Resources announced disappointing drilling results from the six drill holes on the polymetallic Cadinje project in Western Serbia on Wednesday.
Sports Direct earnings fall short as Ashley commits to future
On the day of an investor showdown at its annual shareholder meeting, Sports Direct International said it expects earnings to fall over 20% this year but added that, contrary to much media speculation, founder Mike Ashley was not planning to take the company private any time soon.
Exane downgrades Rolls-Royce to 'underperform'
Rolls-Royce was under the cosh on Wednesday as Exane BNP Paribas downgraded the stock to ‘underperform’ from ‘neutral’ with an unchanged price target of 530p, citing little valuation support versus peers.
Microsoft announces UK cloud services to be used by Ministry of Defence
Microsoft is set to introduce a complete set of cloud services from data centres in the United Kingdom.
Riskbank stays put even as real interest rates set to drop
Rate-setters at the Riksbank stayed put at their latest policy meeting, referencing "still considrable uncertainties" abroad.
Hargreaves Lansdown reports jump in FY profit, AuM
Investment management firm Hargreaves Lansdown reported a jump in full-year profit as assets under administration grew and the company announced that its chief executive Ian Gorham was stepping down.
Volkswagen moves closer to electric cars with Chinese joint venture
German carmaker Volkswagen has made the first step into exploring the prospect of electric cars after signing a preliminary deal with Chinese manufacturer Jianghuai Automobile for a joint venture.
Consort Medical signs agreement with AstraZeneca
Consort medical, a provider of advanced technology for drugs, has signed a new contract with pharmaceutical giant AstraZeneca for the supply of its Bespak respiratory devices.
Atalaya Mining bullish on price of copper as it increases production
Copper explorer Atalaya Mining remains bullish on the long-term outlook for the price of copper as it announced it was ramping-up production after expanding capacity at its Andalucia mine.
ITM Power appoints new Managing Director for German subsidiary
ITM Power, an energy storage and clean fuel company, has appointed a new managing director for the company’s German subsidiary ITM Power GmbH.
Marlowe appoints permanent chairman as AGM begins
Marlowe investors were gathering in London on Wednesday for the company’s annual general meeting, with interim chairman Derek O’Neill reassuring them over their recent acquisitions.
US pre-open: Stocks set for muted open; Apple in focus
US futures pointed to a muted open on Wall Street as investors looked for more clues on rate hikes from Federal Reserve officials, with technology giant Apple set to unveil its latest iPhone.
Immedia buys Aberdeen-based AVC Media for £200,000
Digital audio content supplier Immedia’s shares soared on Monday morning, as it bought Aberdeen-based AVC Media for £200,000, to strengthen its multimedia content for clients in retail, sport and education.
Broker tips: Aviva, European airlines, Weir Group
UBS upgraded Aviva to ‘buy’ from ‘neutral’ on Wednesday and raised its target price to 505p from 395p, saying the insurance firm is positioned to deliver a “sector leading” dividend.
EU ombudsman questions ethics of Barroso's Goldman Sachs appointment
Former European Commission president Jose Manuel Barroso's appointment to the board at US investment bank Goldman Sachs is to be looked into following widespread concerns, according to EU ombudsman Emily O'Reilly.
Wednesday broker round-up
Centrica: Goldman Sachs downgrades to sell with a target price of 213p.
China's capital outflows continue as PBOC props up yuan
China’s foreign exchange reserves declined by $15. 9bn in August to a five-year low, which was marginally more than economists expected and is likely to put further pressure on the country's currency.
Zoltav Resources FY profit to beat market expectations
AIM-listed Russia-focused oil and gas exploration and production company Zoltav Resources said on Wednesday that it expects pre-tax profit for the year to the end of December 2016 to be materially ahead of market views.
UK manufacturing output sank in July, but economists cautious on drawing conclusions
Manufacturers pulled back more than expected after the Brexit vote, although economists were wary of drawing too many conclusions from the data just yet - for better and for worse - especially when trying to project the medium-term trend.