Latest News
Eco Atlantic floats on AIM to develop Guyana oil basin
Eco Atlantic was admitted to trade on London’s Alternative Investment Market on Wednesday to enable the Canadian oil and gas explorer to enhance its offshore exploration programmes in Guyana and Namibia.
Sophos to buy US software company for $120m, improves outlook
Cyber security firm Sophos is to buy US software company Invincea for up to $120m in order to consolidate its position in the growing next-generation firewall market, while it said that billings and revenue grew in the third quarter and offered an improved outlook for the year.
US close: Stocks end mostly higher as oil prices reverse course
US stocks ended mostly a little firmer on Wednesday, recouping earlier losses as oil prices settled higher.
Bonds: Yields drop across the board amid pick-up in risk aversion
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
FX round-up: Sterling mixed as risk-averse investors head for safe-havens
Brexit-ravaged sterling turned in a mixed performance on key pairs Wednesday as risk-shy investors headed for gold and other safe-haven assets amid UK, Europe and US political unease.
Sector movers: Drop in bond yields sees interest rate-sensitive names gain
Homebuilders and food processors were again at the top of the leaderboard on Wednesday, alongside interest rate-sensitive issues such as telecoms outfit Vodafone and utilities.
Europe close: Stocks level out as most government bond yields fall back
European stocks ended higher for the most part on Wednesday despite mixed corporate earnings as government bond yields fell back, although Greek sovereign debt prices continued to trade well below where they began the year in a possible sign of still significant jitters among investors.
Centrica launches new global division as part of restructuring
British Gas owner Centrica on Wednesday announced it has launched a new global division to focus on residential and business end-customers.
London close: FTSE claws back ground to finish higher
The FTSE 100 closed slightly higher on Wednesday following declines earlier in the session.
Plant Impact trumpets new internal quality standard
Crop enhancement technology research and development company Plant Impact announced the launch of the Pi Quality Standard on Wednesday.
Alexander Mining raises £750,000 for potential investment
Shares in Alexander Mining fell almost 15% on news has placed about 535. 7m shares at 0. 14p each, raising £750,000 before expenses. Net proceeds would be used for a potential strategic mining corporate investment opportunity, and working capital.
Apple hire Amazon Fire TV director in effort to boost entertainment division
US tech giant Apple has hired former Amazon Fire TV director Timothy Twerdahl as a vice president of the company in order to boost its own entertainment division, Apple TV.
Small caps news round-up
Shares in Kodal Minerals fell more than 10% as final drilling assays from the Ngoualana prospect at Bougouni Lithium Project in Mali confirmed high-grade mineralisation. "This prospect is continuing to exceed our expectations with the wide intersections of spodumene rich pegmatite remaining open along strike and at depth," said CEO Bernard Aylward.
Telit celebrates as Cisco deploys its software
Internet of Things products supplier Telit Communications announced on Wednesday that its deviceWISE Asset Gateway Software had been validated on the Cisco ISR8x9 and Cisco 4000 families of routers.
Stage may be set for another Greek crisis in summer 2017, economists say
Greece required debt relief in order to ensure the long-run sustainability of its debt, the IMF said in its latest annual review of the country's economy, potentially setting the stage for a repeat of the 2015 Greek tragicomedy.
Asda aims to use Wal-Mart buying power to price out UK rivals
Asda will increasingly use the buying power of its parent Wal-Mart to step up its price competition and regain ground on its UK supermarket sector, the US company said on Wednesday.
Flowgroup switches boiler focus to Europe, may sell energy arm
Flowgroup fell to a new all-time low on Wednesday after deciding it was "uneconomic" to continue focusing on the UK market for its micro combined heat-and-power boiler and saying it might sell its energy business.
WTI futures gain despite large build in weekly US oil inventories
Weekly oil inventories in the States rocketed during the prior week as imports shot higher, official figures revealed.
Commodities: Crude prices sour after spike in US inventories
Crude-oil futures were firmly on the back foot on Wednesday as the market sold the black liquid in the wake of two data sets that showed surges in US inventories last week, while defensive-asset gold firmed amid ongoing political uncertainty.
Trump rally 'running out of steam' says economist Roubini
The man who predicted the global financial crisis of 2008 has forecast that the record-breaking rally experienced by US markets in the wake of Donald Trump's victory in the country's elections is about to come to an end.