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Green sold BHS to avoid pension liability - regulator
Retailer Philip Green has been accused by The Pensions Regulator of selling the BHS department store chain to avoid being liable for its pension scheme if it collapsed.
Corero selected to protect unnamed US federal agency
Network security company Corero Network Security announced on Wednesday that its ‘SmartWall’ Threat Defense System technology had been selected to protect an unnamed, “high profile” US Federal Government agency.
FTSE 250 movers: Kier powers ahead, Stagecoach stuck in reverse
Property construction and services group Kier was among the top risers on the FTSE 250 on Wednesday, after it said earlier that it expected full year underlying profits to be in line with expectations.
Veltyco acquires Bet 90 brand, will focus on Nordics and LatAm
Veltyco updated the market on its acquisition of Bet 90 on Wednesday, confirming that the transaction had now been completed.
Thursday preview: Consumer credit, mortgage approvals, DS Smith, Wood Group
Investors in London will have no shortage of macroeconomic news to sift through on Thursday, with net lending, consumer credit and mortgage approvals all due, while on the corporate front, full-year results from DS Smith and a trading statement from Wood Group are among the highlights.
FTSE 100 movers: Hargreaves on the slide; Bunzl a bright spot
A warning to asset managers from the Financial Conduct Authority to get their houses in order over fee structures held the Footsie back on Wednesday, with Hargreaves Lansdown leading the losers list.
Euro gives up gains after ECB's Constancio says policy stance unchanged
The single currency's gains evaporated as one of the highest-ranking officials at the European Central Bank said a speech by his boss the day before had not signaled any change in the policy stance.
Petisovci progress slower than expected, says Ascent
Europe-focussed oil and gas exploration and production company Ascent Resources updated the market on its progress at the Petišovci project in Slovenia on Wednesday, with production from Pg-10 continuing “satisfactorily”, with the product being sold to a local industrial customer through partner Geoenergo.
Tesco to cut 1,200 head office jobs in cost-cutting drive
Tesco is planning to axe 1,200 jobs at its head office as it charges ahead with its cost-cutting drive.
Vaccine found against 'Petya' cyber attack
Security researchers have discovered a "vaccine" for the huge cyber attack known as 'Petya', that hit organisations across the world on Tuesday.
Ladbrokes under pressure after gambling addicts' details found in rubbish
Bookmaker Ladbrokes could be facing a probe from the Gambling Commission after details of several betting addicts were found outside a branch in Glasgow.
Venezuelan supreme court attacked with grenades thrown from helicopter
A Venezuelan police helicopter attacked the country's supreme court building with grenades in what President Nicolas Maduro described as a "terrorist attack".
London midday: Stocks pare losses ahead of Wall Street open
London stocks had pared losses to trade flat by midday amid news of a shake-up for the asset management industry.
Escape Hunt upbeat after first seven months trading
Escape game operator Escape Hunt released its results for the seven month period to 31 December on Wednesday - a time when it traded under the name Dorcaster.
Co-op Bank secures £700m rescue package
The Co-operative Bank - which almost collapsed back in 2013 due to a £1bn black hole in its finances - has managed to secure a £700m rescue package.
IMImobile posts solid revenue growth
Cloud communications software and solutions provider IMImobile announced its preliminary results for the year to 31 March on Wednesday, reporting revenue as growing 24% to £76. 1m, of which 15% was marked as organic growth by the board.
US pre-open: Stocks seen mixed ahead of home sales, trade balance data
US futures pointed to mixed session on Wall Street on Wednesday as investors looked ahead to home sales and trade balance data.
Europe midday: Stocks come off lows as euro strength ebbs
European stocks recouped some of their early losses following a weaker-than-expected reading on Italian inflation that robbed the euro of some of its strength.
HC Slingsby maintains positive trading
Industrial and commercial equipment distributor HC Slingsby was holding its annual general meeting on Wednesday, with interim executive chairman and operations director Dominic Slingsby claiming the company had maintained its recent, buoyant levels of trading.
Italian consumer prices miss forecasts by wide margin in June
The cost of living in Italy saw a large and unexpected drop in June, leading some economists to mark down their forecasts for euro-area wide data which were set for release at the end of the same week.