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Porta buys another 15pc of Redleaf for £0.9m
International marketing and communications group Porta Communications announced on Wednesday that it had completed the acquisition of an additional 15% interest in Redleaf Polhill, for total consideration of £850,037, taking the company's interest in Redleaf to 81%.
Entu warns on earnings but remains upbeat long-term
Energy efficiency-focussed home improvement group Entu issued a trading update on Wednesday, reporting that - as it had set out in the full-year results statement on 29 March - the it was implementing a “detailed action plan” to reduce costs, improve operational efficiency, leverage its supply chain, improve cash collection and strengthen controls.
US May CPI data sows doubts about pace of Fed rate hikes
The cost of living in the States declined markedly last month amid widespread softness in the core components.
FTSE 250 movers: Aveva up on report of Schneider interest; Acacia in the news again
London's FTSE 250 was up 0. 7% to 19,995. 68 in afternoon trade as market participants mulled the latest employment and wages data from the ONS, ahead of a rate announcement by the Fed.
FTSE 100 movers: Housebuilders up on Bellway update; Micro focus hit by downgrade
London's FTSE 100 was up 0. 2% to 7,513. 37 in afternoon trade as investors digested the latest data on UK employment and looked ahead to an expected rate rise from the Federal Reserve.
Empyrean Energy names new head of China operations
Empyrean Energy beefed up its top management team and announced the transfer of a batch of shares between the new appointee and an existing director.
Futura Medical product development continues 'apace'
Transdermal technology-focussed healthcare company Futura Medical was set to hold its annual general meeting on Wednesday, with chairman John Clarke telling the gathered investors that the firm’s development and commercialisation of its product pipeline had continued apace.
US retail sales unexpectedly drop in May
US retail sales unexpectedly fell in May, to their lowest since January 2016, according to data from the Commerce Department.
Pound stutters amid May's DUP talk delays, support for 'soft' Brexit
While Theresa May battles to agree a pact with her Northern Irish kingmakers in order to form a government, fellow senior Conservatives are confident of securing a new 'softer' Brexit approach in forthcoming divorce talks with the European Union.
K3 Capital reports 'strong' performance
Business and company sales specialist K3 Capital Group issued a pre-close trading update ahead of its final results for the year ended 31 May on Wednesday, reporting that “strong performance” had continued across the group, resulting in “significant” revenue growth and strengthening underlying normalised EBITDA when compared to the prior year.
IMF revises Chinese 2017 GDP forecasts higher again
The International Monetary Fund marked up its forecasts for Chinese economic growth in 2017 for a second time this year and said the yuan was in-line roughly at the right value.
Metminco selling Los Calatos interest to CD Capital for $5m
Metminco announced on Wednesday that it had executed a binding agreement with CD Capital Natural Resources Fund III LP to sell its 49% interest in Los Calatos Holding Limited - owner of the Los Calatos Project in Peru - for approximately $5m cash consideration, net of costs.
London midday: Stocks push up as pound slips after employment data
London stocks had extended gains by midday on Wednesday as the pound ticked down after data revealed that real wages have fallen but unemployment has held steady in the UK.
Minions, Hello Kitty and Barcelona kits under investigation by EU
Barcelona football kits and clothes and accessories branded with Hello Kitty and 'Minions' characters are being investigated by the European Union over possible illegal licensing and distribution practices/.
Comment: Markets price pause after Fed's June hike
Analyst Ipek Ozkardeskaya discusses the major drivers for the Fed policy, expectations for 2017 and examining the positive and negative risks on the US dollar.
UK consumer crunch intensifies as earnings growth slows amid inflation spike
The squeeze on UK households is tightening, as wage growth continues to slow amid a spike in inflation, meaning real wages are falling at the fastest pace in three years.
Kalinick takes indefinite leave of absence as Uber CEO
Uber CEO Travis Kalinick told the tech firm’s staff on Tuesday that he will take an indefinite leave of absence from the position, following a series of PR scandals for the company and the death of his mother in a boating accident.
Europe midday: Tech bounce continues ahead of Fed
Gains in technology shares propelled the main European equity gauges higher even as investors waited on Wednesday evening's US central bank policy announcement, with analysts and traders split on whether or not the Federal Reserve would sound a 'dovish' note.
Elliott renews attack on BHP Billiton board
BHP Billiton's new chairman should "review" and "upgrade" the mining group's board of directors, activist investor Elliott Management has demanded, citing the backing of several other major shareholders.
US pre-open: Stocks set for muted open ahead of expected rate hike
US futures pointed to a muted open on Wall Street on Wednesday as investors priced in the second rate hike of the year by the Federal Reserve.