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Mercia Tech increases investment in virtual reality game devloper
Investment company Mercia Technologies has increased its investment by £1m in nDreams, a virtual reality game developer, as part a funding round with other investors.
FX round-up: US dollar hits 14-year high
The Greenback hit a 14-year high on Wednesday as markets continued to price-in the prospect of higher inflation and interest rates.
Fenner performs ahead of expectations
Fenner, a British manufacturer of industrial belting and other polymer based products, performed better than expected in the face of challenging market conditions.
One more interest rate hike may bring rates back to neutral, Fed´s Bullard says
One more interest rate hike may suffice to bring the US central bank´s policy rate back to a "neutral setting" a top official said.
Bonds: Gilts, Treasuries end flat amid Fedspeak
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Commodities: IEA warns of another boom-bust cycle in oil
Commodities were broadly lower as the US dollar notched up fresh multi-year highs, even as analysts sounded a bullish note on oil and gold.
Europe close: Stocks slip after bull run
European stocks slipped, with investors pausing for breath as recent enthusiasm over Trump’s growth policies receded.
RBS share sale hindered by US settlement, says UKFI chairman
Chairman of UK Financial investments (UKFI), the agency that manages Britain's stakes in bailed out banks, James Leigh-Pemberton said that the Royal Bank of Scotland’s potential fine from the US Department of Justice is hindering the government’s share sale plans, according to a report by Reuters.
London close: Stocks fall back amid weak jobs data
Stocks in London ended the session moderately lower as markets digested a weaker reading on the UK labour market while bond investors continued to focus on comments from central bankers and political developments in Washington.
Tiziana Life Sciences makes breakthrough oral treatment for inflammatory diseases
Tiziana Life Sciences, the clinical stage biotechnology company, announced that new data has demonstrated the potential of its novel oral therapy with foralumab for non-alcoholic steatohepatitis (NASH), diabetes and other life threatening inflammatory diseases.
Small cap round up
AIM-listed oil and gas explorer Egdon Resources has bought the additional stake in an East Midlands licence from Corfe Energy for £50,000. The company bought an additional 12. 5% interest in PEDL201 in the Widmerpool Gulf from Corfe Energy for £50,000 in shares, subject to approval from the Oil & Gas Authority, with the number of shares to be calculated based on the average closing mid-price for the five days before completion of the deal.
Rare Earth Minerals posts positive drilling results from Cinovec
Rare Earth Minerals reported the analytical results for the confirmation drill holes CIW-13, CIW-14 and CIW-18 at the Cinovec Lithium-Tin-Tungsten Project on Wednesday.
FTSE 250 movers: Vedanta gains on outlook for zinc, Ocado loses out on Amazon deal
The FTSE 250 index was down 0. 48% at 17,488. 87 at 1604 GMT on Wednesday.
Icap revenues rescued by weak pound as Trump win boosts trading
Electronic markets, inter-dealer broking and information provider Icap generated flat underlying revenues in the first half but enjoyed a boost from the weakness of the pound and said the US election had prompted an increase in trading activity.
UK Black Friday spending could top £6.77bn
Consumers in Britain have been forecast to spend upwards of £6. 77bn during the peak shopping period inspired by Black Friday, which takes place next week.
Sector movers: Construction stock and food retailers under pressure
Construction stocks were generally lower following a poor trading statement from Barratt Developments, with the home builder coming out and telling clients it had to cut prices at the upper end of the housing stock in the capital.
More delays for Beowulf Mining in Sweden
Mineral exploration and development company Beowulf Mining provided an update on the application process for Kallak North in Sweden on Wednesday.
Good Energy Group launches new online platform
Independent renewable energy company Good Energy launched a new online platform on Wednesday, allowing businesses to choose where their energy comes from for the first time.
Barcelona seals €220m shirt sponsorship deal with Rakuten
Japanese retailer Rakuten will be the name on the front of FC Barcelona's shirts next season after the two signed a sponsorship deal on Wednesday.
US homebuilder confidence steady ahead of elections in November, NAHB says
Confidence among US homebuilders was steady in November ahead of the president elections.