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Tullow Oil revenue falls while losses narrow
Independent oil and gas exploration and production group Tullow Oil announced its full year results for the year to 31 December on Wednesday, with sales revenue falling 21% to $1. 27bn and gross profit down 8% to $546. 9m.
Victrex trades in line as it launches joint venture
High-performance polymer company Victrex released its first quarter interim management statement on Wednesday morning, ahead of its annual general meeting being held later in the day.
WS Atkins trades well though Middle East remains shaky
Design, engineering and project management consultancy WS Atkins provided its third quarter trading update for the period from 1 October 2016 to date on Wednesday, saying it traded in line with expectations during the period with continued currency benefits as anticipated, and the outlook for the full year remaining unchanged.
RSA offloads £834m of legacy liabilities to Enstar
RSA announced on Wednesday that it has signed contracts to dispose of £834m of UK legacy insurance liabilities to Enstar Group.
London pre-open: Stocks seen little changed, with oil in focus
London stocks were expected to open little changed on Wednesday, with a focus on oil after prices fell following data from the American Petroleum Institute.
Rio Tinto swings to profit, Hargreaves Lansdown H1 strong
London’s FTSE 100 was set to open four points lower at 7,182.
Wednesday newspaper round-up: Brexit, Greece, Shell
The UK could lose 30,000 finance sector jobs as a result of Brexit, but EU rivals need to act to avoid importing banking risk to the continent, according to an influential thinktank with close ties to the European commission. The City of London stands to lose 10,000 banking jobs and 20,000 roles in accountancy, law and consulting, as EU clients move business worth €1. 8tn (£1. 6tn) to the continent after Brexit, according to Brussels-based Bruegel. – Guardian.