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Drax Group completes $35m acquisition of Louisiana Pellets
Electrical power generation company Drax Group has completed the acquisition of Louisiana Pellets for $35. 4m, following a court hearing to approve the result of an auction.
London midday: Stocks drift ahead of Trump's 'big announcement' on tax
London stocks were drifting sideways by midday as investors sifted through corporate news and held off from making any big bets either way ahead of US President Donald Trump's announcement on tax reform.
Europe midday: Stocks flat as investors eye US tax announcement, ECB comments
European equities struggled to hold on to previous gains and were little changed by midday as investors looked to a potential tax reform announcement in the US later in the day and the European Central Bank’s press conference on Thursday.
Devro says expectations for 2017 unchanged, trading in line
Shares in Devro rose more than 4% after it said its expectations for 2017 remain unchanged.
Banks to begin shift to European shores soon, Barclays CEO says
Barclays CEO Jes Staley has said many international banks will begin the process of moving operations away from Britain "reasonably" soon due to concerns about Brexit.
Standard Chartered Q1 profit nearly doubles to $1bn
Emerging markets-focused bank Standard Chartered reported a near doubling of its first-quarter profits on Wednesday as revenue rose and loan impairment declined.
RBS, HSBC Saudi units studying possible merger
HSBC and RBS´s partially-owned Saudi units were exploring a potential merger which would result in the creation of the Kingdom's third-largest lender.
Cambian Group's directors flag potential for future growth
Cambian Group's shares rose almost 5% as investors liked a rise in full-year revenue, albeit accompanied with a wider pre-tax loss for the period, as directors flagged potential for future growth.
Santander shares slip despite beating first quarter forecasts
Spain's largest lender posted better-than-expected quarterly profits thanks to a strong performance in almost all regions - especially in Brazil, UK and Spain - and a drop in its non-performing loan ratio.
Arrests made at Newcastle and West Ham during HMRC raids
Offices at English football clubs Newcastle United and West Ham United have been raided by Her Majesty's Revenue and Customs, with the northern club’s managing director being arrested as part of the investigation according to reports.
US pre-open: Stocks seen touch higher as focus turns to Trump's tax plans
US futures pointed to a marginally firmer open on Wall Street on Wednesday as investors awaited a speech on tax reform by President Donald Trump.
IGas Energy says positioned strongly after financial restructuring
Shares in IGas Energy are up almost 3% after the company said it is is positioned strongly for the future after successfully completing its financial restructuring.
HML Holdings in line with expectations as growth strategy continues
Property management, insurance and ancillary services provider HML Holdings announced an update on trading for the 12 months to 31 March on Wednesday, ahead of the expected release of its full year results in late June.
Ilika expands Stearex solid-state battery range
Materials innovation and solid-state battery technology company Ilika announced the launch of its ‘Stereax P180’ product on Wednesday, extending the operating temperature range of the Stereax family of solid-state batteries.
Target Healthcare confirms third dividend as it snaps up care homes
Real estate investment trust Target Healthcare announced on Wednesday that its unaudited EPRA net asset value per share as at 31 March was 101. 5p, and the net asset value total return for the quarter was 1. 3%.
Kefi Minerals, Ethiopia government finalise Tulu Kapi resettlement plan
Shares in Kefi Minerals are up almost 16% as it confirmed the company and the Ethiopia government had finalised the Tulu Kapi community resettlement plan.
Canaccord highlights potential in Rockhopper and Eland Oil&Gas
Analysts at Canaccord Genuity highlighted the favourable prospects for junior oil explorers Rockhopper and Eland Oil&Gas.
Kodal Minerals confirms high-grade lithium mineralisation at Mali mine
AIM-listed explorer Kodal Minerals’ initial assay results have confirmed high-grade lithium mineralisation within the pegmatite intersections at its Bougouni project in Mali.
Peel Hunt upgrades Bellway, downgrades Savills
Peel Hunt upgraded Bellway to 'add' from 'hold' and went the other way on Savills as it took a look at UK housebuilders and estate agents.
Results surge for Ukraine shopping centre owner Arricano
Ukraine-focussed shopping centre developer and operator Arricano Real Estate posted its final results on Wednesday, with recurring revenues increasing by 13. 3% year-on-year to $23. 1m.