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Saudi Aramco IPO mandates expected in coming days
The world's largest petrochemicals company has decided to proceed cautiously in its preparations for what may well be the largest initial public offering ever.
Barclays upgrades Hunting on US shale exposure potential
Hunting's exposure to the US shale oil industry and its repaired balance sheet saw Barclays upgrade its recommendation on the shares to 'overweight'.
ECR Minerals wins licences for Timor project
ECR Minerals updated the market regarding the company’s gold exploration licences in Victoria, Australia, on Wednesday, which are held by its wholly-owned Australian subsidiary Mercator Gold Australia.
Stratex posts positive results from Anbat project
Stratex reported on Wednesday that Thani Stratex Resources, in which it holds a 30. 4% interest, recently announced further drill results for its Anbat Project in Egypt.
Octagonal subsidiary to issue new 'SynergisBond'
Octagonal updated the market on a new business opportunity being developed by its wholly owned subsidiary, Global Investment Strategy UK.
Jefferies downgrades Wood Group on risks to progressive dividend
Shares in Wood Group came under pressure on Wednesday following a downgrade on its stock by Jefferies on the risk to its “progressive dividend” due to the merger with Amec-Foster Wheeler.
Eurozone current account surplus narrows in January
The current account surplus in the Eurozone narrowed in January to a 15-month low, according to data released by the European Central Bank.
Randall & Quilter Investment Holdings buys US insurer
AIM-listed Randall & Quilter Investment Holdings has bought ICDC, a captive insurer of a US Fortune 500 company, for an undisclosed sum.
Saffron Energy's Italy gas project awaiting government approval for production
Onshore natural gas producer Saffron Energy’s Italy project has been delivered within budget and on schedule and is awaiting approval by the Italian government to start production in early April.
Brent oil futures flirting with key technical support
Front mont Brent crude oil futures are testing a key level of technical support which if lost might open the way for a fall towards $46. 00.
Inland Homes gets planning permission for more than 1,200 homes
Aim-listed brownfield regeneration specialist Inland Homes has secured planning permission for more than 1,200 homes.
Avanti Communications Group to provide schools in Kenya with broadband
Shares in Avanti Communications Group climbed on Wednesday after the provider of satellite data communications services announced it had won a two-year contract to provide 500 schools in Kenya with satellite broadband connectivity.
Acacia Mining, Endeavour call off merger talks
Acacia Mining said late on Tuesday that it has ended preliminary discussions with Canada's Endeavour Mining, as announced in January, and has decided not to progress towards a merger of the two businesses.
London open: Stocks in the red following weak US, Asian sessions
London stocks fell in early trade, taking their cue from downbeat sessions in the US and Asia.
RBC Capital downgrades Schroders, says shares near fair value
RBC Capital Markets downgraded Schroders to 'sector perform' from 'outperform' and cut the price target to 3,300p from 3,400p, as it said the share price was near fair value.
Kingfisher transformation takes shape but uncertainty clouds outlook
Annual results from retailer Kingfisher beat the City's profit forecasts thanks to strong growth from its Screwfix chain, but while the transformation of B&Q and French businesses continued, sales began to slow in the second half amid concerns of a consumer slowdown.
Ferrexpo dividend makes a comeback as profits leap
Iron ore miner Ferrexpo said it was resuming dividend payments after increasing net cash flows by more than 1. 5 times to $332m.
Berendsen hit by double downgrade from Credit Suisse
Credit Suisse downgraded its stance on commercial laundry group Berendsen to 'underperform' from 'outperform' and slashed the price target to 700p from 1,200p as its 2017-19 earnings per share estimates fall 17% to 31%.
James Fisher buys wind turbine installer for up to £6.5m
Marine engineer James Fisher & Sons has bought wind turbine installer Rotos360 for up to £6. 5m.
HICL Infrastructure Company raises £260m to fund further investments
Investor HICL Infrastructure Company has raised £260m in an equity share placing in order to fund further investments and repay loans.