Latest News
Hikma gets FDA approval for generic narcolepsy treatment
Hikma Pharmaceuticals’ US subsidiary Roxane Laboratories has received approval from the US Food and Drug Administration for its sodium oxybate oral solution for the treatment of cataplexy – sudden loss of muscle strength – and excessive daytime sleepiness in patients with narcolepsy.
Christie Group brokers deal to sell nursery company
AIM-quoted Christie Group, a provider of business services and inventory systems to the leisure, retail and care industries, has said that its agency and advisory service has brokered the sale of a nursery business to a French firm, for an undisclosed fee.
Obama commutes Manning sentence in one of final actions as president
Barack Obama is set to free Wikileaks whistleblower Chelsea Manning in one if his last acts as US President.
HSBC upgrades Intercontinental Hotels to 'hold'
HSBC on Wednesday upgraded InterContinental Hotels to ‘hold’ from ‘sell’ and lifted the target price to 3,700p from 2,900p.
Henry Boot sees FY profit slightly ahead of market views
Land and property investor and construction company Henry Boot expects pre-tax profit and earnings per share for the year to the end of December to be slightly ahead of market views following a busy December.
Ofcom fines EE £2.7m for overcharging customers
Ofcom has fined EE £2. 7m for overcharging tens of thousands of its customers.
JPMorgan downgrades Inmarsat to 'neutral'
JPMorgan Cazenove downgraded Inmarsat to ‘neutral’ from ‘overweight’ and cut the price target to 830p from 950p.
Mitie warns on profits again, brings in new CFO
Mitie Group warned earnings will be below forecasts as the beleaguered facilities management firm battles with client deferrals, delayed investment plans and an underperforming cleaning division.
Europe open: Stocks waver as investors sift through earnings
European stocks wavered in early trade as investors sifted through some corporate news, with updates from Burberry, ASML and Novozymes providing some cheer.
Ladbrokes Coral remains on target despite tough December
Recently amalgamated betting firm Ladbrokes Coral Group issued a trading statement for the unaudited year to 31 December on Wednesday, with proforma group operating profit for the full year expected to be within the range of £275m-£285m.
London open: Stocks nudge higher despite profit warnings; jobs data eyed
Stocks in London edged higher in early trade despite a series of profit warnings, as investors looked to the release of some key jobs data.
Wetherspoons sales slow less than expected in second quarter
Sales slowed and profit margins narrowed at JD Wetherspoon in the second quarter but while the pub group remained cautious its expectations full year results have "slightly improved".
Diploma first-quarter revenue up 23%
Specialised technical products company Diploma reported a jump in revenue for the first quarter, boosted in part by the weakening of the pound.
Experian Q3 organic revenue up 4%, keeps FY guidance
FTSE 100 information services company Experian reported a 4% rise in third-quarter organic revenue as it maintained its guidance for the full year.
Vodafone extends 15-year relationship with TDC
Vodafone announced on Wednesday that it and TDC Group have agreed to renew their strategic partnership for Denmark and Norway, building on a successful fifteen-year relationship that began in 2001.
London pre-open: Stocks seen higher after Tuesday's losses; jobs data eyed
Stocks in London were set for a firmer open on Wednesday following heavy losses in the previous session on the back of Prime Minister Theresa May’s Brexit speech, with the pound likely to be in focus again.
Wednesday newspaper round-up: Retailers, Deliveroo, Davos
Almost three-quarters of international retailers are choosing to expand outside of the UK because of this country’s burdensome and complex business rates system, fresh figures have shown. The findings come at a time when British firms are chastising the Government’s proposals to overhaul an appeals procedure which will limit companies’ powers to challenge incorrect business rate rises and face looming bill increases in an April revaluation. - Telegraph.