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Monte dei Paschi likely to be rescued this week as Italy approves bank bailout
Shares in Banca Monte dei Paschi di Siena were well off earlier lows amid expectations the bank will be rescued by the end of the week, as it emerged that Italy has approved a government request to borrow up to €20bn to underwrite the country’s struggling banking sector.
Italy approves €20bn rescue for banks
Italy’s lower house of parliament and Senate have approved a government request to borrow up to €20bn to underwrite the country’s beleaguered banking sector.
Servelec awarded contract by major UK gas supplier
UK-based Servelec has been awarded a contract by a major UK gas supplier to provide a remote operations solution for a gas platform in the North Sea by deploying a specially developed Servelec Controls system.
Pantheon International net asset value slips in November
Pantheon International announced an unaudited net asset value per share at 30 November of 2070. 9p, a decrease of 17. 2p from the NAV per share as at 31 October.
Water Intelligence reports on a strong third quarter
Leak detection and remediation solutions provider Water Intelligence provided an update on trading through the end of the third quarter on Wednesday.
BOS Global makes good progress with slimming-down strategy
Software company BOS Global Holdings updated the market on the sale of certain non-core assets on Wednesday, confirming it has disposed of all shares it held in Azarga Metals Corp. for a cash consideration of approximately CAD 26k.
European court rules mass collection of emails is illegal
The European Court of Justice ruled on Wednesday that the indiscriminate collection of emails is illegal, a victory for the David Davis-led challenge to Theresa May’s so-called snoopers charter.
Seeing Machines in global distribution partnership with MiX Telematics
AIM-quoted technology company Seeing Machines has entered a global distribution partnership with MiX Telematics, which is a global provider of fleet and mobile asset management solutions.
CH Bailey swings to profit on higher first half turnover
CH Bailey announced its interim results for the half year to 30 September on Wednesday, with turnover up 22% to £2. 9m over the same period last year.
Xtract Resources intends to raise £220,000 for general working capital
Xtract Resources intends to raise £220,000, before expenses, in a placing of about 1. 3bn shares priced at 0. 0165p each. Funds would go to general working capital.
Public finances on course to meet or beat Hammond's target
UK public finances improved last month and are on track to at least meet the Chancellor's revised targets, although total public borrowing reached its highest level of the year.
Howard Whitman reiterates 'buy' on Greencore after meeting with CFO
Howard Whitman reiterated its ‘buy’ rating and 310p price target on Greencore following a meeting with the company’s chief financial officer on Tuesday.
US pre-open: Stocks seen flat as investors eye 20,000 mark on the Dow
US futures pointed to broadly flat start on Wall Street, with volumes likely to be lighter than usual as we head into the Christmas break and as investors eye another push closer to the 20,000 level on the Dow.
Asia report: Markets mixed as Bellamy's extends trading suspension
Markets in Asia were mixed on Wednesday, losing some lustre towards the end of the session after surging on the back of a stellar run from the Dow overnight, which came within spitting distance of the psychological 20,000 level.
Spain's banks tumble as lenders ordered to repay billions to mortgage customers
Shares in Spain’s banks dropped on Wednesday after the European Court of Justice ordered them to repay billions of euros on floor clauses in mortgage deals.
Nike shares pull back after initial rise following quarterly results
Sportswear company Nike released its quarterly earnings on Tuesday after the close on Wall Street, posting better-than-expected sales and earnings ahead of Christmas.
Alecto Minerals to buy Botswana copper mine
Gold miner Alecto Minerals is to buy Cradle Arc Investments, which holds a 60% stake in the Mowana copper mine in Botswana for about £6. 72m.
Proxama to deploy mobile marketing service at shopping centres
Mobile marketing company Proxama has won a six month contract with Limited Space, a media specialist, to deploy its marketing network to shopping centres across the UK, such as Kent’s Bluewater and Birmingham’s Bullring.
RBS, Barclays among banks fined by Swiss regulator for rate rigging
Royal Bank of Scotland and Barclays were among the banks fined CHF99m (£78m) by the Swiss competition regulator for interest rate rigging in four separate cartels.
Obama places permanent ban on oil drilling in Arctic and Atlantic oceans
US president Barack Obama has permanently banned oil and gas drilling in US-owned waters, which cover the majority of the Arctic and Atlantic oceans.