Latest News
Wizz Air flies higher on RBC upgrade
Wizz Air flew higher as RBC Capital Markets initiated coverage of the Eastern European low-cost carrier at ‘outperform’ with a 2,100p price target.
Churchill Mining losses widen as Indonesia arbitration drags on
Along with an increased loss, final results from Churchill Mining carried a detailed account of its ongoing arbitration claim against the Indonesian government after it revoked the licence to mine the East Kutai coal project coal project.
Highlands Natural Resources' tech found to protect gas wells from 'bashing'
Shares in Highlands Natural Resources soared nearly 35% on Wednesday as the oil and gas investment company announced that it had proved the effectiveness of its DT Ultravert technology at a US basin by protecting wells from damage.
Starbucks steps up China operations with CEO appointment and growth plans
Coffee chain Starbucks Corp named its first chief executive officer in China, as it plans to ramp up its efforts in the country in order to boost profits.
Groupe Eurotunnel says sterling's weakness lightens debt load
Groupe Eurotnnel SA said sterling's weakness is lightening its debt load, as it booked a 4% annual rise in third-quarter revenue to €320. 3m.
US housing starts fall unexpectedly in September
A key indicator for homebuilding activity Stateside fell back unexpectedly in September.
FTSE 100 movers: Housebuilders rally; Travis Perkins drops on warning
London’s FTSE 100 was flat at 7,001. 06 in afternoon trade.
Tern puts another £2m into Device Authority
Cloud and internet of things specialist Tern announced on Wednesday that it has invested £2m in Device Authority, as the lead investor in a £2. 5m funding round.
Bank of America upgrades banks to overweight
Strategists at Bank of America-Merrill Lynch sounded an optimistic, albeit somewhat guarded, note on banks and resource stocks.
Investec eyes special dividend potential at United Utilities, Pennon
Eyeing significant undervaluation in the utilities sector, Investec slapped 'buy' recommendations on United Utilities, upgraded from 'sell', and Pennon from 'hold'.
Results round-up
IT infrastructure products and services provider Softcat reported strong revenue and profit growth for the 12 months to 31 July, in its full-year results on Wednesday, with revenue improving 12. 8% to £672. 4m.
Sanderson gains new customers despite Brexit fears
Sanderson, the AIM-listed software and IT services business, have recorded an increase in sales from new customers despite uncertainty surrounding Brexit.
Director dealings: S&U deputy chair buys ahead of dividend
Motor finance and specialist lender S&U's deputy chairman Graham Coombs bought £150,000 shares a few days before the cut-off date for its recently increased dividend.
Secure Trust Bank appoints Lord Forsyth as chairman
Lord Forsyth was appointed chairman of AIM-listed Secure Trust Bank after Sir Henry Angest stepped down on Wednesday after 35 years.
Halliburton ekes out Q3 profit thanks to cost management
Oilfield services provider Halliburton posted an unexpected profit in its third quarter earnings report on Wednesday, driven by higher capacity utilisation in North America and effective cost and working capital management.
Datatec's H1 pre-tax profit slips amid challenging global conditions
Datatec Ltd has recorded a lower first-half pre-tax profit after being buffeted challenging global conditions, with a strong US dollar impacting translated earnings.
Horizon Discovery inks subscription-based licensing deal
Horizon Discovery has inked a subscription-based licensing deal for its biomanufacturing cell lines. The deal, the first of its type for the company and with an unnamed commercial partner, is worth a minimum of £500,000.
Taptica lands deal with China app giant Codoon
End-to-end mobile advertising platform Taptica announced on Wednesday that it has been appointed as exclusive mobile advertising partner by Codoon, China's largest sports events and social service platform, to drive qualified user installs of its Runtopia app in the UK, US, Canada, Australia and elsewhere.
Thursday preview: ECB to keep policy unchanged as it waits for new forecasts
The European Central Bank is widely expected to hold fire on any changes to its quantitative easing programme when it meets on Thursday as it waits for new macro-economic guidance.
Motorpoint's shares dive as it warns on H1 volume, margin performance
Independent vehicle retailer Motorpoint warns that volume and margin performance in its first half is behind original management expectations, prompting a more than 20% share-price slide.