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Metro Bank swings to profit as customer accounts pass one million
Challenger bank Metro reported its results for the first half of 2017 after the close on Tuesday, swinging to a profit for the first time since its stock market debut in March of last year.
Brewin Dolphin posts record third-quarter income
FTSE 250 wealth manager Brewin Dolphin reported record income for the third quarter on Wednesday as total funds rose 3. 7%.
Paragon trading 'strong' after solid third quarter
Specialist lender and banking group Paragon reported “strong” new business for the financial year-to-date on Wednesday, with a further £575. 7m in new lending completed in the third quarter, taking aggregate advances to £1. 44bn for the nine months since 1 October.
HICL consortium wins bid for Liverpool's Burbo Bank windfarm
HICL Infrastructure Company is part of a consortium that has won the tender from electricity regulator Ofgem to own and operate the offshore transmission link to the Burbo Bank Extension windfarm in Liverpool Bay.
Weak oil price, impairments see Tullow swing to $395m H1 loss
A massive impairment charge on Ghanaian operations saw oil producer Tullow on Wednesday report a deeper-than-forecast first half operating loss of $395m (£303m).
Sage Group unveils cloud acquisition, but growth slows in third quarter
Sage Group reported slowing third quarter trading and guidance for the full year, as it put out a pair of announcements after hours on Tuesday that also included its largest ever acquisition.
Europe open: Stocks in the black as earnings roll in; Fed announcement eyed
European stocks edged up in early trade on Wednesday as investors sifted through more earnings and eyed the latest policy announcement from the Federal Reserve.
London open: Stocks edge higher ahead of UK GDP, Fed rate announcement
London stocks edged higher in early trade on Wednesday as investors waded through a deluge of earnings ahead of the release of UK gross domestic product data and a policy announcement from the Federal Reserve.
Zinc production shines in Vedanta's first quarter
Vedanta saw a number of production improvements in its first quarter, it reported on Wednesday, including an 84% rise in mined metal production at Zinc India to 233 kt, with refined zinc-lead metal production ahead 80% year-on-year at 228 kt.
PayPoint organic revenue grows despite UK retailer churn
PayPoint’s group organic revenue grew 4. 2% to £28. 4m in its first quarter, it reported on Wednesday, with UK retail services net revenue improving 10. 5%.
Petrofac wins Iraq work worth $100m
Oil services group Petrofac on Wednesday said it had won a contract extension and a new award with a combined value of more than $100m for construction management, engineering, commissioning and start-up services for two international oil companies in Iraq.
ITV broadcasts confident outlook as interim profits tumble
ITV upped its interim dividend as a show of confidence in the underlying business as first-half profits fell 8%, with a decline in advertising sales joined by fall in production profits due to higher investment and timing of shows.
Fresnillo makes good progress with silver and gold production
Quarterly silver production at Fresnillo was up 11. 7% year-on-year in the second quarter to 14. 5 Moz including Silverstream, the company reported on Wednesday, with first half production up 11. 2% year-on-year.
Antofagasta H1 copper production up 7.1%
Chilean copper miner Antofagasta said first half production rose 7. 1% year on year.
Berendsen H1 profit drops amid UK market challenges
Commercial laundry company Berendsen, which has agreed to be taken over by French rival Elis, posted a 5. 6% drop in half-year profit on Tuesday amid a deteriorating UK performance.
3i Group makes 'busy' start to financial year
It was a busy start to the year for 3i Group, it reported on Wednesday, with a net asset value per share of 628p and total return of 4. 1% as at 30 June.
London pre-open: Stocks seen muted ahead of GDP, FOMC
London stocks were set for a muted open on Wednesday as investors eyed the release of UK gross domestic product data and a policy announcement from the Federal Reserve.
Wednesday newspaper round-up: Cars, tax havens, Metro Bank, Unilever
As part of a government strategy to improve air quality, Britain is to ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health. The commitment, which follows a similar pledge in France, is part of the government’s much-anticipated clean air plan, which has been at the heart of a protracted high court legal battle. - Guardian.
US close: Stocks mixed amid slew of earnings
US stocks finished mixed on Tuesday as investors waded through an avalanche of earnings and digested a better-than-expected reading on US consumer confidence.