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Music industry wants legislation to force Google to up YouTube royalties
Online video streaming service YouTube has been criticised for not paying enough royalties to the music industry, after representatives from the Google company this week said that the company had paid over $1bn this year to musicians.
Citigroup downgrades IG Group on FCA proposals
Citigroup downgraded IG Group to ‘neutral’ from ‘buy’ and chopped the price target to 470p from 950p after the Financial Conduct Authority announced plans on Tuesday to tighten the rules around contract for difference products.
Europe midday: Stocks on the rise as investors hope for financial stability
European stocks gained by midday amid expectations the European central bank will extend its quantitative easing programme on Thursday and following reports of a possible bailout for Italy’s Banca Monte dei Paschi di Siena.
Redhall losses narrow as order book grows
Manufacturing and specialist services company Redhall Group posted its preliminary results for the year to 30 September on Wednesday, with significant order book and profit growth achieved in its latest stage of transformation to what the board called a “high integrity” manufacturing group.
MPs to vote on Brexit timetable on Wednesday
MPs will have the opportunity to vote for the first time on the government's Brexit timetable on Wednesday, after the Prime Minister conceded to calls from the Labour party for greater clarity and in order to avoid a Tory rebellion.
Porta Comms increases take in Hong Kong, Australian start-ups
AIM-listed Porta Communications is to increase its stake in the Hong Kong and Australian businesses of Newgate Communications.
CAP-XX halves price on vehicle supercapacitor products
Supercapacitor company CAP-XX announced on Wednesday that it has achieved significant production cost savings on its supercapacitor solutions for both passenger vehicle and heavy vehicle automotive applications.
London midday: Stocks rise on hopes of Monte dei Paschi bailout
UK equities advanced on Wednesday, supported by financial stocks on hopes of a bailout for Italy’s Banca Monte dei Paschi di Siena.
Autins trading well after August IPO
Designer, manufacturer and supplier of acoustic and thermal insulation solutions for the automotive sector, Autins Group, posted an update on trading for the year to 30 September on Wednesday.
UK industrial production falls unexpectedly, ONS reveals
UK industrial output unexpectedly fell in October, according to official data released on Wednesday that revealed the sector's worst month since 2012.
Tertiary Minerals enters exclusivity over possible land purchase
Tertiary Minerals announced on Wednesday it has entered into a non-binding heads of terms to acquire land and historic mine workings on its Lassedalen fluorspar project in Norway from global aluminium company, Hydro.
US pre-open: Stocks seen marginally higher
US futures pointed to a marginally higher open on Wall Street as European peers advanced on hopes of a rescue loan for Italy’s troubled lenders.
Another year of nil revenue as Ironveld continues development
Ironveld, the owner of a high purity iron, vanadium and titanium project located on the northern limb of the Bushveld Complex in Limpopo Province, South Africa, announced its final results for the 12 months to 30 June on Wednesday.
Twitter not responsible for Trump victory, says CEO Dorsey
Jack Dorsey, the CEO of microblogging site Twitter has said that the platform is not responsible in any way for the triumph of Donald Trump in the US presidential election, despite the former reality television star's adept use of the site.
Arrow Global's appoints ex Virgin Money CFO as CEO
Arrow Global, a provider of debt purchase and receivable management, announced that Tom Drury has decided to step down as chief executive after five years performing the role.
CentralNic's .xyz domain approved in China
Internet company CentralNic’s . xyz domain has been approved by the Chinese government for use in the country.
British Gas to pay £4.5m for missing smart meter deadline
Centrica's British Gas has been fined £4. 5m by regulator Ofgem after it failed to deliver smart meters to some larger electricity business customers by the April 2014 deadline.
Credit Suisse shifts preference to Rio Tinto from BHP Billiton
Credit Suisse upgraded Rio Tinto to ‘outperform’ from ‘neutral’ and raised its price target to 3600p from 2750p, while simultaneously bumping down BHP Billiton to ‘neutral’ from ‘outperform’ with its price target raised to 1380p from 1300p.
Asia report: Most markets higher as Australia posts GDP shocker
Markets in Asia ended higher on Wednesday, with Australian investors seemingly ignoring unexpectedly weak GDP data, and Japan rising on the back of a SoftBank surge.
EC slaps €485m fine on HSBC, JPMorgan, Agricole for Euribor cartel
Competition regulators at the European Commission have fined HSBC, JPMorgan Chase and Crédit Agricole €485m for participating in a cartel in euro interest rate derivatives.