Latest News
FTSE 250 movers: Kaz, Vedanta rally; Allied Minds tumbles
London's FTSE 250 was up 0. 3% to 19,070. 28 in afternoon trade.
US services PMI at six-month low in March
Growth in the US services sector slowed to a six-month low in March, according to figures released on Wednesday.
Results round-up: McCarthy & Stone, BOS Global, Learning Technologies
Retirement housebuilder McCarthy & Stone bumped up its interim dividend 80% as it reported a 42% slump in underlying profits for the first half of the year but its confidence in hitting full year targets.
Broker tips: Croda International, MJ Gleeson, Bowleven
Credit Suisse downgraded Croda International to 'underperform' from 'neutral' but left the price target at 3,300p.
Hollywood Bowl rolls straight in first half
Ten-pin bowling operator Hollywood Bowl updated the market on its trading for the six months to 31 March on Wednesday, saying it traded well through the first half of the financial year with total revenue growth of 7. 8% and like-for-like revenue growth of 1. 2%.
Allied Minds writes-off seven businesses in restructuring
Shares in Allied Minds tumbled on Wednesday after the US intellectual property firm said that it will restructure and reallocate capital and management resources across its portfolio, which will result in a $146m write-down in full year results, in order to accelerate commercialisation.
FTSE 100 movers: BHP bucks the bad news; Old Mutual feels South Africa pain
BHP Billiton led the risers on the FTSE 100 on Wednesday after declaring a force majeure for coal deliveries from the Bowen Basin in Australia due to damage from Cyclone Debbie.
Scholium sees H2 sales up 80% at lower margin
Antiques and rare books trader Scholium Group said second-half sales rose over 80%, at a lower margin, in what it described as a demonstrable improvement in trading for the six months.
Market Tech Holdings to buy remaining 25% stake in German mobile marketing firm
AIM-listed Market Tech Holdings, which owns property and e-commerce businesses, is to buy the remaining 25% stake in Glispa, a Berlin-based mobile marketing business, that it does not already own for €15m.
Range Resources erupts at Georgia government claim
Range Resources noted an article, published on 3 April by the Government of Georgia - represented by the LEPL State Agency of Oil and Gas of the Ministry of Energy of Georgia - announcing an open international tender on Block VIA in Georgia on Wednesday.
Nostra Terra Oil & Gas reports on Texas total net proven reserves
Nostra Terra Oil & Gas' shares are up more than 5% on confirming its total net proven reserves of oil across its Texas assets were 481,350 barrels of oil (481. 35 Mbbl).
CLS Holdings sells Vauxhall Square development site
CLS Holdings has exchanged contracts for the unconditional sale of the site of its proposed mixed-used Vauxhall Square development to Chinese property developer R&F Properties for a gross consideration of £157. 77m, with the proceeds set to be reinvested in its core business.
Thursday preview: ECB minutes and Trump-Xi meeting under microscope
As well as trading updates from the likes of BTG, Electrocomponents, Ferrexpo and Homeserve, Thursday will see the release of European Central Bank's meeting minutes and the beginning of a two day meeting between US President Donald Trump and Chinese President Xi Jinping.
DCC to offload environment division for £219m
Irish services company DCC is to sell its environmental division to Exponent, a private equity firm, for £219m, subject to regulatory approval.
ADP employment report beats expectations in March
Private sector employment in the US unexpectedly rose in March, according to data released by ADP on Wednesday.
Germany warns Facebook, Twitter of fines in offensive content crackdown
Social media giants Facebook and Twitter could be about to feel the wrath of German chancellor Angela Merkel after her government approved tough measures to combat offensive content.
Telford Homes' shares rise on forecast for record FY revenue and profit
Shares in Telford Homes are up after the residential property developer forecast record revenues and profits for the year to 31 March.
DCC to buy Shell's Asian liquefied petroleum gas business
Irish services group DCC has struck a deal to buy Royal Dutch Shell's liquefied petroleum gas business in Hong Kong and Macau for about £120m (HK$1. 16bn), subject to regulatory consent.
May says freedom of movement could continue during Brexit transition
European Union citizens could continue to work in the UK during a transitional period after Britain left the the bloc in 2019, said Prime minister Theresa Minister Theresa May.
London midday: FTSE off highs as pound pops on services data
Equity markets in London were off highs by midday on Wednesday as the pound popped higher after data showed UK services industry output in March was stronger than expected.