Latest News
US CPI hits five-year high in February
Consumer prices in the States saw their smallest gain in February since July 2016 even as a measure of underlying cost pressures quickened to an August 2011 high.
Results round up: Hikma Pharma, Marshalls, Polymetal
Hikma Pharmaceuticals nudged its dividend higher as profits were held back last year due to a combination of lower profits from the generics business, greater investment in growth and currency effects.
Scotgold chooses 'phased project' development for Cononish
Scotgold announced on Wednesday that an update to the bankable feasibility study for the Cononish Gold and Silver Project, dated August 2015, had been completed by Bara Consulting, which mainly evaluated the economic impact of a range of technical development options and the current economic environment.
Broker tips: Aldermore, Glencore, Cape, Babcock
Macquarie has upgraded challenger bank Aldermore to ‘outperform’ from ‘neutral’.
St Modwen gives update on sale of New Covent Garden Market
St Modwen Properties confirmed on Wednesday that a period of exclusivity which was recently granted to a prospective buyer of its 10-acre site at New Covent Garden Market has now expired.
Premier Oil surges as lenders agree refinancing deal
Shares in Premier Oil surged on Wednesday after the company said it has secured the final lock-up for its refinancing bid.
Magnolia posts significant uplift in reserves
US onshore-focussed oil and gas exploration and production company Magnolia Petroleum announced the results of an independent reserves report on Wednesday.
IoD criticises 2016 bonus award for Rolls chief Warren East
The bonus award for Rolls Royce chief Warren East for 2016 was ill advised, according to a well-known business lobby group.
Clear Leisure takes another loan from shareholder Eufingest
Clear Leisure announced on Wednesday that it entered into an unsecured convertible loan facility agreement with Eufingest, a Swiss investor and major shareholder in the company.
Powerhouse receives payment for placing as gasification unit moves closer
Powerhouse Energy announced on Wednesday that it received payment of £0. 5m from Yady Worldwide for its participation in the recent placing of ordinary shares in the company.
London midday: Stocks maintain mild gains, pound slips on UK employment data
London stocks were holding on to mild gains by midday, but the pound slipped back following the release of mixed UK employment data, as investors looked to the Federal Reserve’s latest policy announcement.
Europe midday: Stocks little changed as Dutch head to the polls
As the Dutch head to the polls, European equity markets were little changed on Wednesday with investors looking to the US Federal Reserve’s latest policy announcement.
Prairie Mining's shares rise after encouraging Debiensko Mine update
Shares in Prairie Mining rose almost 8% after a scoping study indicated its Debiensko Mine was potentially a large-scale, lowest-cost and long-life premium hard-coking coal supplier.
Wednesday broker round-up
Glencore: Goldman Sachs upgrades to Buy with a target price of 390p.
Frontier Smart Technologies to power audio devices for US brands
Digital radio company Frontier Smart Technologies is to power nine new smart audio devices using Google's Chromecast technology built-in for three US brands, Brookstone, Jensen and Solis.
1pm buys iLoans for up to £2m
1pm, a provider of finance facilities to SMEs, is to buy broker Intelligent Financing (iLoans), established a secured loan note programme and created a new loans divisions in the company.
Zinc Media swings to adjusted earnings as revenue falls
Television and multimedia content producer Zinc Media Group announced its unaudited interim results for the six months to 31 December on Wednesday, with group revenues of £9. 19m, down from £10. 18m in the first half of the 2016 financial year.
Asia report: Markets mixed as traders look to Fed, Dutch polls
Markets in Asia finished mixed on Wednesday, as investors kept their wallets closed ahead of an interest rates decision from the US Federal Reserve, and as political concerns heightened in Europe with Dutch voters heading for the polls.
Ortac Resources' shares fall after 1-for-100 share consolidation proposal
Ortac Resources' shares fell more than 12% after it proposed a one-for-100 capital recorganisation.
Netherlands heads to polls for key election amidst Turkey angst
A year of highly significant European elections was kick-started by the Netherlands on Wednesday as its citizens headed to ballot boxes around the country with the continent gripped by a wave of right-wing populism.