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APC Technology swings to operating profit amid costly restructure
Specialist electronic components and systems, lighting technologies and connectivity products company APC Technology Group announced its preliminary results for the year to 31 August on Wednesday, with revenue from continuing operations of £17. 9m, down from £22. 8m.
Empiric Student Property secures £40m debt extension
Student accommodation owner and operator Empiric Student Property announced the agreement of a new £40m extension facility to its existing £80m fixed rate term loan facility arranged by Barings Real Estate Advisers, a member of the MassMutual Financial Group, on Wednesday.
Dixons Carphone beats forecast as it prepares for 'more uncertain times'
First-half profits from Dixons Carphone grew faster than expected and upped its dividend as the electricals retailer confidently prepared for its crucial festive season and "more uncertain times ahead" as the UK exits from the EU.
Zara owner Inditex's revenue, earnings surge
Spanish retailer Inditex, the holding company of fashion chains Zara and Bershka, reported a rise in sales for the year to date as it opened new stores.
Europe midday: Stocks in the red as all eyes turn to the Fed
European equities dipped further by midday as investors priced in a dovish hike from the Federal Reserve later in the day.
Philippines president Duterte admits to killing criminal suspects
The president of the Philippines Rodrigo Duterte has openly admitted that he has killed people on the streets of the country during his time as a provincial mayor.
IQE set to exceed full-year expectations
Semiconductor wafer products manufacturer IQE posted an update on current trading and its outlook for the year ending 31 December on Wednesday.
Broker tips: B&M, Capita, Barclays
B&M European Value Retail’s shares received a boost on Wednesday after Canaccord Genuity raised its rating on the stock to ‘buy’ from ‘hold’ and lifted the target price to 295p from 265p.
London midday: Stocks fall after UK jobs data, before Fed rate decision
London stocks were in the red on Wednesday as investors weighed up the latest UK jobs report and looked ahead to the Federal Reserve’s interest rate decision.
MediaZest posts mixed bag of half-year results
MediaZest reported its unaudited results for the six months to 30 September on Wednesday, for itself and its wholly owned subsidiary company MediaZest International.
Asia report: Markets mixed ahead of Fed rate hike
Markets in Asia were mixed on Wednesday, with investors once again exercising caution ahead of the Federal Reserve’s interest rate decision, which is widely expected to result in a rate hike.
US pre-open: Stocks set for muted start ahead of Fed announcement
US futures pointed to a muted open on Wall Street as investors eyed the latest policy announcement from the Federal Reserve amid expectations of a 25 basis points rate hike, with the Dow within touching distance of the 20,000 mark.
Audioboom warns on profits as booming revenues bump up costs
Audioboom warned that losses would be worse than expected for the full year even though revenue will be better than forecasts as the spoken word on-demand platform expands in the US.
Burford to buy rival GKC for £160m
Shares in legal finance firm Burford Capital soared nearly 12% as it announced it had agreed to buy rival GKC Holdings, a law-focused investment manager, for $160m in cash and loan notes.
UK unemployment remains stable but 'cracks appearing' in jobs market
While the UK unemployment rate remained flat at 4. 8% in October and wages spiked, more timely official figures on Wednesday showed a fall in the claimant count which led some economists to say that cracks were beginning to appear in the labour market.
B&M shares lifted by Canaccord upgrade
B&M European Value Retail’s shares received a boost on Wednesday after Canaccord Genuity raised its rating on the stock to ‘buy’ from ‘hold’ and lifted the target price to 295p from 265p.
Eurozone industrial production unexpectedly dips in October
Eurozone industrial production fell short of the consensus in October, according to data released by Eurostat.
ECSC Group joins the AIM ranks
Cyber security service provider ECSC Group saw its ordinary shares admitted to trading on the AIM Market of the London Stock Exchange on Wednesday.
Brazil approves 20-year austerity plan amidst protests
Brazilian senators have approved a constitutional amendment which will place a limit on public spending for the next two decades, in an attempt to bring the country out of a crippling recession.
Victoria to buy Aussie flooring manufacturer for £20m
AIM-listed floor coverings manufacturer Victoria is to buy Australia's Dunlop Flooring for £20m (AU$34m).