Latest News
Empyrean pleased with new Sacgasco deal
Empyrean announced on Wednesday that it entered into a new agreement with Sacgasco to increase its interest in the package of gas projects in the Sacramento Basin, onshore California, previously announced on 15 May and amended on 16 June.
RedstoneConnect to install 'smart solution' in Munich shopping centre
Smart buildings technology and services provider RedstoneConnect announced on Wednesday that it secured a consulting and software mandate worth €0. 75m with real estate investment manager TH Real Estate, to develop and install a smart software solution for its PEP shopping centre in Munich, Germany.
Results round-up
Housebuilder Berkeley Group lifted annual pre-tax profits 53% and while it warned the business was facing "a number of headwinds and a period of prolonged uncertainty" around its core London housing market, it had £2. 7bn of forward sales booked and remained confident of delivering its profits guidance for the next four years.
Broker tips: Capita, Oxford Instruments, Shell, BP
HSBC upgraded Capita to 'buy' from 'hold', despite the question marks surrounding its complex business model.
Barclays hails Oxford Instruments's increased focus, ups target
Analysts at Barclays revised their target price for Oxford Instruments's shares higher, hailing recent moves on its portfolio of businesses and balance sheet.
Keep it simple, HSBC tells Capita as it upgrades to a 'buy'
HSBC upgraded Capita to 'buy' from 'hold', despite the question marks surrounding its complex business model.
Touchstone, Mercia throw another £3m at Impression Technologies
Touchstone Innovations announced on Wednesday that it participated in a £3. 0m Series B funding round in Impression Technologies, which it described as an aluminium forming technology business based on intellectual property developed at Imperial College London.
Macron's new government loses third minister as MoDem's Bayrou resigns
François Bayrou, French justice minister and key ally of Emmanuel Macron, has resigned from his position as his MoDem party face allegations of corruption.
UK house price growth to remain low but protracted falls unlikely, HSBC says
UK home prices will grow very little in the short-term despite the recent sharp slowdown, but they will not fall in a sustained manner, at least outside of London, a top investment bank said.
UK media and entertainment nears £100bn revenue mark despite uncertainty
The UK media and entertainment sector saw the revenues jump last year despite the backdrop of political and economical uncertainty in the country, according to Deloitte's Media Metrics 2017 report.
London midday: Stocks fall further as pound perks up after Queen's speech
London stocks had extended losses just after midday on Wednesday after the Queen set out the government's programme for the next two years, and as investors digested data showing the UK budget deficit narrowed in May.
Gulfsands confirms expiry of Morocco licence
Oil and gas company Gulfsands Petroleum updated the market on its Moulay Bouchta Petroleum Agreement, which is held by its subsidiary Gulfsands Petroleum Morocco, on Wednesday.
EasyHotel signs 25-year lease on Oxford property
Budget hotel owner, developer and operator easyHotel announced on Wednesday that it signed a 25 year lease on a site in the city of Oxford, for the development of a new purpose-built easyHotel.
Provident Financial tanks as it warns over consumer credit division
Shares in Provident Financial tanked early on Wednesday after it cautioned that its consumer credit division will see profits nearly halve in 2017 compared to a year ago, mostly due to restructuring.
Brave Bison appoints Claire Hungate as CEO, says current trading in line
Digital media and social video business Brave Bison announced on Wednesday that it has appointed Claire Hungate as its chief executive officer as it said current trading is in line with management and market expectations.
Wynnstay revenue up, pet products drag on earnings
Wynnstay posted its half year results for the six months to 30 April on Wednesday, with the board saying its figures benefited from greater demand for agricultural inputs over the winter period, but were affected by continued subdued trading at its pet products business Just for Pets.
St Modwen JV sells Nine Elms Square to China's Wanda
St Modwen Properties expects to receive £190m from the sale of the Nine Elms Square in Battersea, London after it was sold to Chinese buyers on Wednesday.
Europe midday: Oil prices, French politics in focus
Stocks were coming off their lows of the session heading into the opening bell on Wall Street, with investors continuing to keep a close eye on crude oil futures and a string of resignations in France's centre-right MoDem party, a key ally of President Macron.
Asia report: Markets slip after MSCI China inclusion
Markets in Asia were mostly lower on Wednesday, after confirmation from MSCI that mainland China shares would be included in its emerging markets index on a gradual basis.
Hornby chairman Canham resigns after Phoenix Asset Management offer
Hornby's executive chairman Roger Canham has resigned with immediate effect after Phoenix Asset Management Partners launched a mandatory 32. 375 pence a share offer for the shares in the model train set maker it doesn't already own, valuing it at £27. 4m.