Latest News
One Media renews exclusivity to MD Production catalogue
Digital media content provider One Media iP Group announced on Wednesday that it has renewed the exclusive rights to the MD Production music catalogue, for a recoupable advance of $18,000.
German business confidence deteriorates in January, Ifo shows
German business confidence unexpectedly deteriorated in January, according to a widely-followed survey.
HSBC upgrades SSE as earning potential rises
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.
Santander reports 4% rise in annual profit despite weak British performance
Spain's largest bank, Banco Santander, kicked off the country's earnings season on Wednesday by reporting a 4% increase in annual profit, despite lower profit through its operations in Britain.
Koovs sales double despite demonetisation in India
Indian online fashion retailer Koovs sales doubled despite the impact of demonetisation in the country, however it expects that future sales growth would be affected but with no overall effect on profitability.
Peel Hunt upgrades Bank of Georgia to 'buy'
Shares in Bank of Georgia (BGEO) rose on Wednesday as Peel Hunt upgraded the lender to ‘buy’ from ‘add’ and issued a target price of 3,450p after being under review previously.
Mears wins 10-year Manchester maintenance contract
Mears has won one of its largest repairs and maintenance contracts from Manchester City Council outright, which was said to be worth £86m over a potential 10-year period.
Ashmore rallies on UBS upgrade
Ashmore was a high riser on Wednesday as UBS upgraded the stock to ‘buy’ from ‘neutral’, saying the market has little to fear from rising US dollar interest rates.
Cambridge Cognition gains US regulatory approval for memory test
Neuroscience digital health company Cambridge Cognition has gained regulatory clearance for its memory test to be used as a medical device in the US.
WH Smith profits to be slightly ahead of target
As WH Smith embarks on an uncertain 225th year, the stationer expressed confidence about 2017 as sales have grown and it expects profit to be "slightly" ahead of expectations thanks mainly to its outlets in stations and airports.
Europe open: Stocks in the black on positive US cues
European stocks rose in early trade, taking their cue from an upbeat session in the US, with miners in focus after a series of production reports.
London open: Stocks edge higher, with miners in the spotlight
London stocks edged higher in early trade, taking their cue from a positive session in the US, with miners in focus following a series of production reports.
Vectura sales trigger $5m milestone receipt
Vectura said on Wednesday that a sales milestone receipt of $5m has been triggered following confirmation by Novartis that EU/Rest of World combined net sales of its Seebri Breezhaler and Ultibro Breezhaler for the year to the end of December have reached $512m.
Reservations ahead but sales down at McCarthy & Stone
Retirement housebuilder McCarthy & Stone issued a trading update for the 20 week period from 1 September 2016 to 20 January 2017 on Wednesday, as investors gathered in London for the company’s annual general meeting.
Restaurant Group plans 'substantial' revamp as sales continue to fall
After like-for-like sales continued to slip in the fourth quarter of 2016, The Restaurant Group's new chief executive, Andy McCue, plans a "substantial" revamp of its casual dining chains as part of a group-wide "transformation programme".
Fresnillo achieves record gold, silver production
Fresnillo achieved record gold and silver production in 2016, even though the miner experienced some delays in implementing its turnaround plan.
Iron ore the silver lining of depressed BHP Billiton production
Mining giant BHP Billiton posted its operational review for the half year to 31 December on Wednesday, with record production achieved at Western Australia Iron Ore, and total iron ore production of 118 Mt - a 4% rise year-on-year.
London pre-open: Stocks seen higher on solid US cues
London stocks looked set for a slightly firmer open on Wednesday, taking their cue from Wall Street, where the Nasdaq and S&P 500 closed at new all-time highs on Tuesday on the back of some solid earnings and a strong performance in the basic resources sector.
Wednesday newspaper round-up: ATMs, corruption, RBS
Last-ditch proposals to overhaul the way the Link cash machine network operates have been tabled in a bid to avert charges for bank customers withdrawing money at thousands of ATMs. A number of ideas have been put forward in an effort to head off a breakup of the 70,000-strong network amid fears that if banks and building societies drop Link, thousands more machines could be forced to charge for withdrawals. - Guardian.