Latest News
FTSE 100 movers: Ashtead gains on acquisition; Royal Mail gives back gains
London's FTSE 100 was up 0. 6% to 7,434. 96 in afternoon trade.
Gaming Realms narrows loss in first half
Developer, publisher and licensor of mobile real money and social games Gaming Realms saw revenue rise to £15. 7m in its first half year-on-year, from £14. 9m a year earlier, with its adjusted EBITDA loss narrowing to £0. 9m from £3. 6m in the first half of 2016.
Barclays appoints outgoing Royal Mail FD as non-exec director
Barclays has appointed Royal Mail's outgoing finance director, Matthew Lester, as a non-executive director with effect from 1 September.
Sound Energy reports strong pressure build-up at TE-7 test well
Sound Energy, the African and European focused upstream gas company announced a strong reservoir pressure build-up at its TE-7 well and provided a fresh estimate for the resources in place.
Tax Systems paying down debt as it integrates OSMO acquisition
Corporation tax software and services supplier Tax Systems traded in line with expectations in its first half, it said on Wednesday, with net debt of £24m also falling into line with the board’s forecasts.
US housing starts rise more than expected in June
US housing starts rose more than expected in June, according to data released by the Commerce Department on Wednesday.
Royal Mail will deliver, Investec says, but more slowly than expected
Investec cut its target price on shares of Royal Mail, telling clients it was "very positive" on the long-term potential for efficiencies but less so on the outlook for the company's operating margins.
Rhythm pays another $5m to RadiumOne
Digital advertising technology company RhythmOne made a deferred consideration payment of $5m in cash to RadiumOne, it confirmed on Wednesday.
Tristel shares hit fresh 52-week high on back of trading update
Investors cheered Tristel's pre-close trading update after management guided towards stronger-than-expected top and bottom line growth for the full-year.
Europe midday: Dip for euro, company results buoy stocks
European stocks were holding higher as a dip in the single currency and positive company updates helped to lift some of the selling pressure on equity markets, amid talk that the European Central Bank might not be as near as some may have thought to tinkering with its guidance.
Reckitt Benckiser agrees USD4.2bn sale of food business to McCormick
Reckitt Benckiser has agreed to sell its food business for $4. 2bn (£3. 2bn) to Schwartz spices owner McCormick.
Morgan Stanley Q2 earnings top expectations
Morgan Stanley's second-quarter earnings beat expectations on Wednesday thanks to a strong performance from its investment banking and wealth management divisions.
Credit and debit card charges to be scrapped in EU directive
Consumers will be spared the burden of added credit and debit card charges from January 2018, the UK government has announced.
Whatsapp blocked in China as Beijing tightens censorship
Facebook-owned messaging service Whatsapp has been partially blocked in China as part of the country’s latest crackdown on internet usage.
Horizon buying GE's Dharmacon for £65m
Gene editing technology company Horizon Discovery Group entered an agreement to acquire Dharmacon from General Electric for a total consideration of $85m (£65m), it announced on Wednesday, subject to a working capital adjustment at completion.
TT Electronics offloads division to AVX
TT Electronics hived off its Transportation Sensing and Control arm in order to pay down debt and fund future growth and acquisitions.
London midday: Stocks pare gains but Reckitt rallies on McCormick deal
London stocks had pared gains by midday to trade just a smidgen higher as investors sifted through corporate news.
Asia report: Markets higher as greenback continues to sink
Markets in Asia finished positive on Wednesday, with markets reacting to a weakened dollar, which hit 10 month lows overnight amid ongoing concerns for President Trump’s reform programme in the US.
Advanced Oncotherapy secures £3.9m loan
Shareholders in AIM-listed Advanced Oncotherapy, a developer of next-generation proton therapy systems for cancer treatment, have made a £3. 9m loan available to the company.
Morgan Stanley downgrades Hunting, sees flat US rig count
Analysts at Morgan Stanley downgraded their recommendation on shares of Hunting and cut their target price, telling clients consensus was too upbeat about the prospects for activity in the oilfield services space and hence the company's top-line growth.