Latest News
Don't be lured into Mexican shares, Credit Suisse says
Strategists at Credit Suisse cautioned clients not to be lured into buying Mexican equities, even as they reduced their 'Underweight' position, citing eight reasons why recent strength in the MSCI Mexico index on the back of strength in the country´s currency, the peso, might be potentially misleading.
Small cap news round-up
Telecommunications software provider Artilium is to buy Wbase CV, a Belgian web development agency, for up to €410,000.
Tricorn upbeat on revenue, adjusted pre-tax profit for full year
Tricorn is upbeat on its revenue and adjusted pre-tax profit for the full year, it said in a pre-close statement for the 12 months to 31 March.
Artilium to buy Belgian web development agency
Telecommunications software provider Artilium is to buy Wbase CV, a Belgian web development agency, for up to €410,000.
Broker tips: Meggitt, Reckitt Benckiser, Page Group
Engineer Meggitt got a boost on Wednesday as Bank of America Merrill Lynch upgraded the stock to 'buy' from 'neutral' and lifted the price target to 530p from 490p.
W Resources awards €4.98m mill construction contract to German engineer
W Resources has awarded a €4. 98m design and construction contract for its Spanish mine to Allmineral Aufbereitungstechnik GmbH & Co, a German plant engineer.
US import prices edge past forecasts in March
US import prices edged past forecasts last month even as the cost of imported fuels eased back.
Comptoir's shares fall after FY loss, reduced opening schedule for 2018
Comptoir Group fell to a full-year pre-tax loss for 2016, a result it described as in line with expectations, and said a reduced opening schedule for 2018 would impact that year's financial performance.
Results round-up: Tesco, WH Smiths
Tesco reported a 29. 9% rise in group full year operating profits to £1. 28bn on the back of a 4. 3% increase in group sales to £49. 9bn.
Berenberg hails Reckitt Benckiser's good timing in Mead acquisition
Berenberg sounded a confident note on the prospects for Reckitt Benckiser in 2017, telling clients it expected to see a steady improvement in the company's like-for-likes throughout the year, with trading at its recently acquired US rival Mead also likely to improve.
Serabi Gold produces almost 10,000 oz in Q1, targets 40,000 oz in 2017
Shares in Serabi Gold rose 10% after it produced almost 10,000 ounces on fold in the first quarter of 2017, and forecast output of 40,000 ounces for the year.
London midday: Stocks maintain modest gains after mixed jobs report
Stocks in London were holding on to modest gains by midday on Wednesday as investors mulled a mixed UK jobs report.
UK earnings growth remains sluggish despite record employment highs
UK wage growth slowed to its weakest level in seven months, official data showed on Wednesday, increasing the pressure on consumers as inflation rises.
EDF to hike energy prices again
EDF has announced its second price hike in less than four months, prompting criticism from the energy regulator.
Pan African Resources to raise up to $123m to fund gold project
Gold miner Pan African Resources is to raise up to $123m from a share placing and credit facility in order to fund its Elikhulu Tailings project in South Africa.
Carr's full-year expectations unchanged as interim pre-tax profit dips
Agriculture and engineering group Carr's said its expectations for the full year remain unchanged, as its first-half pre-tax profit slipped a little.
Iron ore futures continue to slide amid high inventories, increased output
Iron ore futures continued to retreat on Wednesday, amid high levels of inventories at ports even as domestic mines in China continued to ramp-up their production, analysts at SP Angel explained.
Tillerson arrives in Moscow as relations sour over Syria conflict
US Secretary of State Rex Tillerson arrived in Moscow for crunch talks with his Russian counterpart Sergei Lavrov, as the fallout from last week’s chemical weapons attack and subsequent airstrikes in Syria intensified.
Time Out hires Christine Petersen as Digital chief exec
Media and entertainment group Time Out has appointed Christine Petersen as chief executive of its business division, Time Out Digital, with immediate effect.
Wednesday broker round-up
Meggitt: Bank of America Merrill Lynch upgrades to Buy with a target price of 530p.