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Results round-up
Staffline, an AIM-listed recruitment organisation, recorded a 30% rise in underlying profit before tax at £36. 7m for the year ended 31 December 2016, as the Brexit-vote did not seem to have a negative effect on earnings.
Weekly US oil inventories jump sharply
US crude oil and product stockpiles increased sharply during the latest reference week, despite a drop in imports.
BOS Global launches document management product
BOS Global Holdings has launched a new standalone document management software product fpr businesses.
US open: Dow hits 20,000 mark for the first time
US equity markets were on the front foot on Wednesday as the Dow hit the 20,000 mark for the first time, while investors eyed a deluge of earnings.
Admiral chairman Lyons jumps ship after 16 years amid industry uncertainty
After more than a decade and a half in the role, Admiral Group chairman Alastair Lyons has stepped down from the role as the industry enters an uncertain period.
FX round-up: News of Brexit White Paper, CBI survey boost Sterling
Sterling was stronger across the board following news the Prime Minister would publish a White Paper outlining the government´s approach regarding Brexit, which would help Parliament to scrutinise it, and after the release of stronger than expected industrial sector data for January.
Staffline unaffected by Brexit with "strong" year end profits
Staffline, an AIM-listed recruitment organisation, recorded a 30% rise in underlying profit before tax at £36. 7m for the year ended 31 December 2016, as the Brexit-vote did not seem to have a negative effect on earnings.
Beowulf releases positive test results from Finland
Mineral exploration and development company Beowulf announced testwork results on Wednesday, for composite samples taken from its Haapamäki, Pitkäjärvi and Aitolampi graphite prospects located in eastern Finland, approximately 40 kilometres southwest of the well-established mining town of Outokumpu.
Boeing beats on earnings report, vows to deliver more planes in 2017
Plane-maker Boeing released its financial results for the final quarter of 2016 on Wednesday before US markets opened, beating analysts' expectations on earnings per share and pledging to deliver more planes in the year ahead.
Broker tips: SSE, Vodafone, Bank of Georgia
HSBC upgraded energy company SSE to ‘buy’ from ‘hold’ and raised its price target to 1,740p from 1,660p due to good visibility on earnings.
UK manufacturers enjoy strong inflow of orders but costs rising sharply
British manufacturers have reported the strongest inflow of orders in nearly two years, according to the Confederation of British Industry, but are seeing costs rise sharply.
Theresa May confirms government will publish white paper on Brexit
Prime Minister Theresa May confirmed that a white paper detailing the government’s plan for leaving the European Union will be published.
Apple close to India manufacturing deal - reports
Tech giant Apple is said to be close to a deal to start manufacturing many of its products in India, in an attempt by the US company to boost its sales in the country.
Kromek raises £21m to invest in its radiation detection business
Kromek, a radiation detection technology company, raised £21m in equity in order to support commercial activity and grow the business.
Wednesday broker round-up
Paddy Power: Barclays reiterates Overweight with a target price of 110p.
ImmuPharma trial of Lupuzor continuing smoothly
Specialist drug discovery and development company ImmuPharma provided further details of patient participation on Wednesday, following confirmation in December that the company had successfully completed patient recruitment into its pivotal 52-week Phase III clinical trial of Lupuzor.
New CFO and CEO for Hargreaves Lansdown
Hargreaves Lansdown has appointed Philip Johnson as chief financial officer, joining the company on 20 February.
VinaLand sells stake in Vietnam residential land for $11m
Vietnamese property investment firm VinaLand has sold a stake in a parcel of land in Binh Duong province, which has approval for a residential development, for $10. 9m.
Thursday preview: Unilever finals, UK GDP, Brexit bill
Consumer goods giant Unilever reports its annual results on Thursday with analysts expecting an increase in pre-tax profits on the back of like-for-like sales growth.
Taptica International revenue, earnings to be ahead of expectations
Shares in Taptica International surged after the end-to-end mobile advertising platform said that it anticipates revenue and earnings will be ahead of expectations, after better-than-expected growth in the last two months of 2016.