Latest News
Zibao Metals earnings slashed in very tough year
Hong Kong-based recyclable metal trader Zibao Metals Recycling Holdings announced its final results for the year to 31 March on Wednesday, with revenue rising to HKD 497. 0m from HKD 403. 8m.
Milestone's Nexstar begins distribution on Amazon Prime Video
Digital media and technology solutions company Milestone Group announced on Wednesday that its Nexstar joint venture with Black Cactus is now distributing independent film and video to the Amazon Prime global streaming service.
Cenkos nears three-year low as AIM fundraisings stall
First-half sales and profits cratered at small and mid-cap broker Cenkos Securities as several larger client fundraisings slipped into the second half, sending the shares below 100p for the first time in almost three years.
Ocado shares fall on Deutsche Bank downgrade
Deutsche Bank on Wednesday downgraded its rating on Ocado Group to ‘sell’ from ‘hold’ and reiterated a target price of 220p after the online supermarket issued a cautious outlook on margins.
Government needs to sustain jobs growth after Brexit vote, says REC
Government involvement is needed to sustain the growing jobs market success and also quell plummeting employer confidence since the EU referendum, an industry body said on Wednesday.
HSBC ups Barclays to 'buy' on non-core disposals
Barclays got a boost on Wednesday as HSBC upgraded the stock to ‘buy’ from ‘hold’ and lifted the price target to 190p from 150p saying the pending disposal of Barclays Africa will be positive for sentiment.
ExxonMobil to be investigated by regulators over asset values
US oil corporation ExxonMobil is to have its assets examined by the Securities and Exchange Commission, after questions have emerged about how they are reported by the company.
Brooks Macdonald's profit rises despite low investor sentiment post Brexit
Investment management company Brooks Macdonald full year revenue and profits increased despite low investor sentiment in the run-up to, and following the EU referendum in June.
Polymetal should outperform gold index, Berenberg ups price target
After Polymetal International was re-admitted into the FTSE 100 index on Monday, broker Berenberg upped its target price by almost 20%.
BoJ sets new target for longer-term interest rates, yen rises
Rate-setters at Japan´s central bank set themselves a new target for longer-term interest rates as part of their fight against deflation, as they moved away from policies focusing on expansion of the monetary base and towards influencing the shape of the government bond yield curve.
US pre-open: Stocks seen higher after BoJ as focus shifts to Fed announcement
US futures pointed to a firmer open on Wall Street after the Bank of Japan tweaked its monetary policy framework, as investors awaited the latest rate announcement from the Federal Reserve.
Asia report: Most markets higher as Bank of Japan stands pat
Markets in Asia finished higher on Wednesday, after the Bank of Japan stood pat on interest rates but revealed it was to change the framework on which it bases its monetary policy.
Macquarie downgrades RELX to 'underperform'
Anglo-Dutch publisher RELX Group, formerly known as Reed Elsevier, was under the cosh on Wednesday after Macquarie downgraded the stock to ‘underperform’.
MPC's Saunders sounds more optimistic note on economy after Brexit
The Monetary Policy Committee's newest member said he no longer saw a need for an immediate interest rate hike, given that the pound had not weakened as much as he had anticipated following the referendum vote.
Styles & Wood buys critical facilities company Keysource for £2m
Integrated property services company Styles & Wood has acquired Sussex-based critical facilities and data centre services provider Keysource for an initial consideration of about £2m.
Santander pulls out of Williams & Glyn branch deal with RBS
The Royal Bank of Scotland (RBS) has experienced a further setback in attempting to sell 315 high street branches as Santander pulled out of talks.
UK public finances improve but fall short of OBR target
UK public sector net borrowing fell in August, but is unlikely to meet government targets for debt reduction set in March's budget.
Stumpf told to resign as Wells Fargo boss over accounts scandal
Wells Fargo Chief Executive Officer John Stumpf faced a US Senate Banking Committee hearing on Tuesday in which senator Elizabeth Warren told him he should resign over his role in the bank's fake accounts scandal.
Bonmarche warns on profits as weather dampens sales, clouds outlook
Befuddled by the inconsistent weather so far this year, over-50s clothing retailer Bonmarché cut its full year profit guidance after like-for-like sales continued to suffer in the second quarter.