Latest News
US open: Stocks mostly higher on hope of rescue for Italy's banks
US equity markets were mostly higher on Wednesday on the coattails of its European peers which advanced on the hope of bailout for its struggling banks.
Kodal Minerals reports promising results from Bougouni tests
West Africa-focused mineral exploration and development company Kodal Minerals announced high grade rock chip results from the first dispatch of samples from the reconnaissance rock chip sampling at its lithium interests in Southern Mali on Wednesday.
Trump to crack down on high drug prices
President elect Donald Trump has pledged to “bring down drug prices” in an interview with Time magazine.
Sony steps up efforts to rival Nintendo in smartphone gaming industry
Electronics giant Sony announced plans to launch 10 new mobile gaming titles in the near future on Wednesday, with as many as six due to become available next year.
UK economic growth remains at 0.4%, NIESR estimates
UK economic growth remained flat in the three months ending in November, according to a monthly estimate by the National Institute of Economic and Social Research.
Broker tips: Shire, GKN, IG Group
UBS downgraded Shire to ‘neutral’ from ‘buy’ and cut the price target to 5,000p from 5,600p saying a tougher environment for expensive orphan drugs was likely to constrain performance.
UBS downgrades Shire on orphan drug concerns
UBS downgraded Shire to ‘neutral’ from ‘buy’ and cut the price target to 5,000p from 5,600p saying a tougher environment for expensive orphan drugs was likely to constrain performance.
Bonds: Italian lenders' risk spreads narrow sharply
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
FTSE 250 movers: IG bounces back while Drax retreats
The FTSE 250 index rose 0. 60% to 17,556. 28 in afternoon trade.
Mineral & Financial pleased with TH Crestgate investment
Mineral & Financial Investment updated the market on Wednesday on TH Crestgate, a private Swiss investment company in which MAFL holds a 49% stake.
Croma secures contract with National Army museum
Croma Security Solutions Group has signed a three-year contract with the National Army museum worth £490,000 per annum, after signing a contract with South Essex NHS Trust last week.
BofA ML upgrades GKN to 'buy' from 'neutral'
GKN got a boost as Bank of America Merrill Lynch upgraded its stance on the stock to ‘buy’ from ‘neutral’ and upped the price target to 365p from 350p.
LGO Energy secures funding for drilling project
LGO Energy, AIM listed oil and gas exploration company, has announced that it has secured a new $8. 6m convertible security funding agreement to pay back its debt and restart its development drilling program at its Goudron Field.
FTSE 100 movers: Rio Tinto rallies on upgrade; WPP slumps
London’s FTSE 100 index was up 1. 4% to 6,871. 69 in afternoon trade, with sentiment underpinned by reports of a possible bailout for Italy’s Banca Monte dei Paschi.
New poll shows 75% of people believe fake news articles
A clear majority of people surveyed in new research from Ipsos Public Affairs and Buzzfeed said that they have believed fake news headlines they have seen in the past.
Thursday preview: ECB policy decision, Sports Direct interims
The European Central Bank is widely expected to announce an extension of its asset purchases programme on Thursday when it reveals its latest policy decision.
Joules sales growth accelerates in first half
'Lifestyle' clothing retailer Joules said its revenues increased 16. 2% to £81. 4m in the first half of its financial year, with the gross margin increased by approximately 100 basis points against the prior year.
Be Heard Group buys content marketing agency for up to £10m
Marketing firm Be Heard Group has bought content marketing agency Kameleon Worldwide for an initial £4. 05m that could rise to £10m, in a bid to deliver a more cost-efficient service to clients.
Tricorn earnings plummer year-on-year as it restructures China division
Tube manipulation specialist Tricorn Group announced its unaudited interim results for the six months to 30 September on Wednesday, with revenue down to £8. 9m, from £10. 1m a year earlier.