Latest News
GlaxoSmithKline said to consider sale of Horlicks in the UK
GlaxoSmithKline was in focus on Wednesday amid reports the pharmaceuticals giant is looking to sell off its Horlicks business.
Ethereum co-founder says initial coin offerings are a "ticking time bomb"
In May alone, cryptocurrency "Ether" rose by as much as 700% in value amid a craze for initial coin offerings but one of its developers said they were a "ticking time bomb".
US pre-open: Stocks seen muted ahead of Morgan Stanley but Nasdaq to outperform
US futures suggested a muted open on Wall Street on Wednesday as investors eyed earnings from banking heavyweight Morgan Stanley, although the tech-heavy Nasdaq looked set to outperform the other indices.
Euro area construction output falls in May
Construction output in the single currency bloc shrank in May, led by declines in almost all the major economies, save Italy.
Wednesday broker round-up
Hunting: Morgan Stanley downgrades to Underweight with a target price of 440p.
Inequality in the UK on the decline, IFS finds
Higher income and a lower unemployment rate have aided in closing the gap on inequality across the UK, but some regions are still suffering, a new study finds.
Bain and Cinven sweeten offer for Stada
Private equity firms Bain Capital and Cinven have sweetened their offer for German pharmaceutical group Stada.
Morgan Sindall profits surging amid 'much stronger' fit-out trading
Morgan Sindall Group revealed its profits are going to be "substantially" ahead of expectations thanks to margin and profit growth in office fit-out and margin improvement in construction and infrastructure in the first half of the year.
Tracsis wins 'significant' multi-million pound contract
AIM-listed software and services provider Tracsis has been awarded a "significant" multi-million pound contract for the provision of its key software planning products with "a major" UK rail operator.
Trump and Putin held undisclosed private meeting at G20
Donald Trump and Vladimir Putin held a second undisclosed meeting only attended by one Russian translator during the G20 summit in Hamburg, the White House said on Tuesday.
Europe open: Euro dips after ECB report, lifts selling pressure
European stocks staged a small bounce at the start of the day as a dip in the single currency 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.
QinetiQ still expects revenue growth despite slower orders
Defence, security and aerospace-focussed science and engineering company QinetiQ Group saw “slower than expected” orders in its EMEA Services division in the first quarter, amid a “dynamic” trading environment in the wake of the UK General Election.
Hotel Chocolat FY revenue slightly ahead of market expectations
Revenues at AIM-listed Hotel Chocolat rose 12% in the year to 25 June as its new shop format bore fruit.
AA surges as Barclays initiates coverage at 'overweight'
Shares in roadside assistance group AA surged on Wednesday as Barclays initiated coverage of the stock at 'overweight' with a 280p price target.
RPC Group's quarterly profits ahead of expectations, launches buyback
RPC Group, the plastic packaging specialist, reported first-quarter sales and profits ahead of last year's and intends to begin a £100m share buyback programme.
London open: Stocks edge higher as investors sift through corporate news
London stocks edged higher in early trade, underpinned by record closes for the S&P 500 and the Nasdaq, as investors sifted through corporate news.
Crude steel output falls at Evraz
Evraz said its consolidated crude steel output fell by 9. 5% quarter-on-quarter to 3. 3 million tonnes in the second quarter, primarily due to planned capital repairs at EVRAZ ZSMK's oxygen steelmaking converter no. 5 and blast furnace no. 2, as well as planned capital repairs at EVRAZ DMZ's oxygen-converter plant.
Drax dives as interim results hit by larger accounting charges
Power plant operator Drax increased operating profits by more than 70% in the first half of the year but slumped to a pre-tax loss after increases to depreciation and amortisation costs and unrealised losses on derivative contracts.
Redefine wants a bigger chunk of International Hotel Properties
Income-focussed UK real estate investment trust Redefine International submitted a proposal to International Hotel Properties Limited (IHL) to increase its shareholding to 50% from a the current 17. 24%, it confirmed on Wednesday.
Ashtead to buy Canada's CRS Contractors Rental Supply
The North American business of equipment rental firm Ashtead, Sunbelt Rentals, has agreed to buy Canadian rental equipment provider CRS Contractors Rental Supply for an initial cash consideration of CAD275m.