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Legendary Investments swings to first half loss
Legendary Investments posted its unaudited interim results for the six months to 30 September on Wednesday, with an operating loss of £0. 14m, swinging from a profit of £2. 38m in the same period last year.
US existing home sales unexpectedly rise in November
Sales of existing US homes unexpectedly rose in November, according to data from the National Association of Realtors.
FTSE 100 movers: Coca-Cola fizzes higher but travel stocks drop
London’s FTSE 100 was down 0. 2% to 7,031. 02 at 1510 GMT, with many traders already away from their desks as we head towards the Christmas break and volumes on the index down nearly 50% compared to the 10-day average.
AorTech widens H1 operating loss, continues litigation
AorTech has posted an H1 operating loss of $310,000, from a loss of $193,000, as it continues to pursue litigation linked to its former chief executive after a failed attempt at mediation last week.
LGO Energy looking at busy year of operations
LGO Energy updated the market on its corporate plans for the first quarter of 2017 on Wednesday, saying its recent loan refinancing and equity placement positioned the company for an early return to drilling in the Goudron Field.
Vectura says Novartis signs US licensing agreement for COPD treatments
Vectura announced that Swiss pharmaceutical company Novartis has signed a licensing agreement with Sunovion Pharmaceuticals for the US commercialisation rights to three treatments for chronic obstructive pulmonary disease for which it receives royalty revenues.
Thursday preview: US GDP, durable goods orders, personal consumption data
US economic data will be in focus on Thursday with the release of reports on gross domestic product, durable goods orders and personal consumption.
Jefferies initiates coverage of James Fisher at 'hold', says valuation full
Jefferies initiated coverage of James Fisher at ‘hold’ with a 1,570p price target.
Eden Research profit warning overshadows commercialisation deal
As well as signing a commercialisation deal for its environmentally friendly pesticide with a US chemical giant, Eden Research warned on Wednesday that full year earnings would be lower than expected.
Cambria Africa ordered to post security in Consilium dispute
Cambria Africa updated the market on its dispute with Consilium on Wednesday, after it advised on 18 July that it had filed $1. 84m in counterclaims against Consilium in the English High Court.
Derwent London completes sale of Tottenham Court Road property
Derwent London has completed the sale of its freehold interest in 120-134 Tottenham Court Road in London to a private investor for £69. 74m.
Management Resource Solutions appoints Joe Clayton CEO
Mining industry veteran Joe Clayton has been appointed chief executive of AIM-listed mining services provider Management Resources Solutions, with immediate effect.
Pensions watchdog to be given 'nuclear deterrent' powers
UK companies that fail to address major pensions liabilities could be hit with much-increased fines if new proposals by an influential group of MPs are adopted.
Vernalis says US FDA accepts CCP-08 for full review
Vernalis and Tris Pharma said the US Food and Drug Administration (FDA) has accepted the CCP-08 New Drug Application (NDA) for full review.
Sky's 'cheapest fibre broadband' claims possibly misleading
Sky kicked off a battle of the cheap ‘fibre’ broadband on Wednesday, issuing a press release claiming it now has the cheapest superfast connections in the UK.
Nu-oil & Gas reduces FY loss, raises need for additional capital injection
Nu-Oil and Gas has reduced its full-year pre-tax loss and flagged the need for an injection of additional capital to execute its business model.
Internet could be set for 24 hour shutdown in 2017, security expert says
This year has seen a significant increase in high-profile cyber-security incidents, but one expert believes that next year may well see the level of threat increased.
London midday: Stocks fall as UK public borrowing hits highest level this year
London stocks were on the back foot on Wednesday as official data on Britain’s public finances showed a bigger-than-expected deficit in November.
Volkswagen will pay $1bn to buy back new batch of emissions-cheating vehicles
German car-maker Volkswagen AG has agreed a deal to buy back or fix a new batch of vehicles, which are fixed with emissions-cheating software, at a cost of up to $1bn to the company.
Europe midday: Stocks weaker as banks come under pressure
European stocks were on the back foot on Wednesday, with banks across the continent under pressure as investors eyed the fate of the world's oldest lender, Banca Monte dei Paschi di Siena.