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Chicago PMI slips in May, but economists sound confident note
Manufacturing activity in the Great Lakes area cooled in May, the results of a widely-followed survey revealed, albeit amid indications that firms were expecting conditions to pick-up.
Horizonte Minerals upbeat on Araguaia results
Brazil-focussed nickel development company Horizonte Minerals announced the complete results of the 30-hole pre-excavation drilling programme on its 100%-owned Araguaia nickel project on Wednesday.
IG Group reports higher revenue despite quiet markets
Despite a quiet fourth quarter for the markets, spread betting and CFD broker IG Group said revenue and profits for its fiscal year would be ahead of the previous year.
Koovs appoints ex-Primark exec as head of design
Online fashion retailer Koovs has appointed ex-Primark executive Samantha Chilton as head of design.
Metals Exploration borrowing $2m to pay senior lenders
Natural resources exploration and development company Metals Exploration is borrowing $2m from its two largest shareholders to facilitate a $2. 1m payment due to its senior lenders due today.
Oncimmune obtains CE mark for EarlyCDT-Lung test
Early cancer detection company Oncimmune Holdings announced on Wednesday that it obtained the CE mark for its EarlyCDT-Lung test in an ELISA kit format.
Results round-up
Despite a quiet fourth quarter for the markets, spread betting and CFD broker IG Group said revenue and profits for its fiscal year would be ahead of the previous year.
Numis upgrades British Land and Land Securities but notes lack of risk appetite
Numis upgraded its recommendations on British Land and Land Securities to reflect their improved capital value assumptions for the pair, which had been overly bearish, even as it expressed a preference for small and mid-cap firms because of the risk aversion prevalent among management teams.
Tlou Energy appoints Velseis for Lesedi project, Mamba permit seismic survey
AIM-listed Tlou Energy has appointed Velseis Pty Ltd to undertake a fully funded seismic survey for its Lesedi Coal Bed Methane (CBM) Project and the adjacent Mamba Permit.
HSBC sees dark clouds on the horizon for IAG
Analysts at HSBC bumped up their estimates and target price for shares of IAG, admitting to clients that its 'reduce' recommendation was anti-consensual, but stuck to their view nonetheless.
Kibo Minings notes development work at Imweru has begun
Kibo Mining noted Tanzinia-focused Katoro Gold's statement that development work on the Imweru gold project has officially begun.
London midday: Stocks push higher as pound regains some poise
London stocks extended gains by midday on Wednesday, with the FTSE 100 edging towards its recent record high, although a bigger rise was limited by the pound regaining some poise and miners retreating.
Europe midday: Stocks gain despite weak inflation data for May
European stocks were trading on the frontfoot in the last session of the month against a backdrop of mixed economic data.
Dalradian Resources' shares rise after positive Curraghinalt update
Shares in Dalradian Resources rose more than 4% as it said drilling continued to reveal the high-grade nature of the Curraghinalt gold deposit in Northern Ireland.
OPG pleased with power development
India-focussed power generator developer and operator OPG announced its trading update for the year to 31 March on Wednesday, with total generation around 4. 4 billion units up 30% from 3. 3 billion units in 2016.
Bezant signs agreement with Exumax
Mineral exploration and development company Bezant announced that it had signed an agreement with Exumax on Tuesday, over the acquisition, commissioning and operation of the company's first gold-platinum production plant with commissioning targeted to occur during the second or third quarter of 2017.
Asia report: China PMI positive while Japan industry disappoints
Markets in Asia finished mixed on Wednesday, amid better-than-expected PMI figures from China and a weaker sterling.
Kabul car bomb kills 80 people close to major embassies
At least 80 people have been killed in Afghanistan capital Kabul after a car bomb exploded in the city’s diplomatic quarter on Wednesday.
Wednesday broker round-up
Worldpay: Barclays downgrades to Equal Weight with a target price of 315p.
US pre-open: Stocks seen flat as investors eye Fedspeak; oil in focus
US futures pointed to a steady open on Wall Street on Wednesday as investors eyed speeches by Federal Reserve officials and some key data releases.