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Petra Diamonds warns over full-year results
Petra Diamonds warned on Wednesday that its full-year results are likely to be below market expectations, with revenue around 8% to 9% below consensus on the back of lower production.
Genel Energy appoints Esa Ikaheimonen as CFO
Oil producer Genel Energy has appointed oil and gas industry veteran Esa Ikaheimonen as its chief financial officer with effect from 3 July.
Syncona firm Nightstar raises another $45m
Healthcare investment company Syncona announced on Wednesday that its portfolio company NightstaRx had completed a $45m Series C funding round, in which Syncona committed $12. 5m.
Wednesday newspaper round-up: Brexit, Yellen, Ocado
Splits emerged at the top of government yesterday as the Brexit secretary accused the chancellor of inconsistency and Boris Johnson faced mockery. The prime minister appeared to be struggling to contain divisions within her top team after David Davis and Philip Hammond set out alternative timetables for Brexit, with different customs arrangements in place once the two-year talks had concluded. - The Times.
Kier Group sees full year in line with expectations
Property construction and services group Kier said it expected full year underlying profits to be in line with expectations.
Stagecoach earnings fall despite rise in revenue
Passenger transport operator Stagecoach released its preliminary results for the year to 29 April on Wednesday, claiming adjusted earnings per share of 24. 4p - down from 27. 7p year-on-year, but in line with the board’s expectations.
London pre-open: Stocks seen lower after downbeat US session
London stocks were set for a weaker open on Wednesday following a downbeat session in the US, as investors digest comments from a number of Fed officials in the previous session.
Bunzl sees 7% jump in half year revenues; acquires 3 more businesses
International distribution and outsourcing group Bunzl said revenue for the half year was expected to have increased by 7% at constant exchange rates due to the improved underlying growth of between 3% and 4% and a similar impact from acquisitions.
US close: Weak consumer sentiment weighs on markets
Weaker-than-expected readings on consumer confidence weighed on Wall Street throughout Tuesday’s session.