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London midday: Stocks fall further as sterling tops $1.33 on Brexit hopes
London stocks fell further into the red by midday on Wednesday as sterling pushed to a seven-month high against the dollar and 21-month high versus the euro amid expectations that a no-deal Brexit will be avoided.
Verditek names Laura Azpilicueta new head of sales
Clean technology company Verditek named former RECOM Solar director Laura Azpilicueta as its new chief sales officer on Wednesday.
Arcontech confident of long-term prospects as interim profits soar
Data processing outfit Arcontech saw profits soar in the first half of its trading year thanks to a double-digit increase in revenues.
Webis profits hit by California wildfires
Gaming group Webis witnessed a reduction in amounts wagered and gross profits during a "challenging first six months" for WatchandWager. com.
Lego builds solid base as profits and sales return to growth
Danish toy firm Lego said it was bucking industry trends as it reported an improvement in both sales and profits, fuelled by the popularity of series such as Star Wars, Harry Potter and Ninjago.
Osirium wins new deals for cybersecurity platform
Cybersecurity software company Osirium Technologies has scored two new contracts with one of the UK's main providers of travel and transport services and the British arm of a global financial services outfit.
Redde drops amid unchanged dividend and H2 caution
Redde dropped on Wednesday after pausing dividend increases and warning that the second half of its financial year is unlikely to benefit from a freak event such as the 'Beast from the East' as it did last year.
Interserve seeks to win over investors with new rescue deal
Interserve, the troubled government contractor, has updated its proposed rescue package as it looks to win over investors and stave-off a Carillion-style collapse.
Clinigen earnings grow following CSM and iQone acquisitions
Specialty pharmaceuticals group Clinigen saw strong earnings and cash flow growth in the first half of its trading year following a period of transformative acquisitions.
Nichols records double-digit profit growth on solid UK performance
Soft drinks maker Nichols turned in double-digit profit growth in 2018, boosted by a solid showing from its fruit-flavoured cordial Vimto.
Asia report: Markets mixed as Trump and Kim meet in Vietnam
Markets in Asia were in a mixed state as they closed on Wednesday, as investors held their breath ahead of a meeting between US president Donald Trump and North Korea leader Kim Jong-un, taking place in Vietnam.
Jefferies downgrades Tullow to 'hold'
Jefferies downgraded Tullow Oil to ‘hold’ from ‘buy’ on Wednesday, with the stock in sight of its new 245p price target, which was reduced from 250p, as it said "the story needs a new chapter".
Eco Atlantic enters 2019 with vigour
Oil and gas exploration company Eco Atlantic updated the market on the first three quarters of its financial year on Wednesday, reporting that it ended its third quarter with cash and cash equivalents of CAD 25. 7m (£14. 71m), total assets of CAD 28. 1m, total liabilities of CAD 0. 8m and total equity of CAD 27. 3m.
US close: Stocks close lower following Powell testimony
US stock closed LOWER ON Tuesday, as optimism over Sino-US trade relations faded and investors digested Federal Reserve chairman Jerome Powell's testimony before the US Senate.
MHRA gives go-ahead to Nuformix for human studies
Pharmaceutical development company Nuformix has received approval from the UK Medicines and Healthcare Products Regulatory Agency (MHRA) to begin human pharmacokinetics studies for its lead asset, NXP001, it announced on Wednesday.
Premier African Minerals raises £0.4m as it continues Honey Badger due diligence
Premier African Minerals announced a placing to raise £0. 4m before expenses at an issue price of 0. 09p per new ordinary share on Wednesday.
Catenae Innovation raises £0.58m to develop pipeline
Digital media and technology provider Catenae Innovation announced a placing and subscription for a total of 575,000,000 new ordinary shares at a price of 0. 1p per share on Wednesday, raising gross proceeds of £0. 575m.
London pre-open: Stocks seen muted as investors mull Powell comments
London stocks were set for a muted start on Wednesday following an uninspiring session on Wall Street, as investors digested the latest comments from Federal Reserve chairman Jerome Powell.
Ted Baker shares slide as it warns on profit
Fashion retailer Ted Baker warned on Wednesday that profit for the financial year ended 26 January 2019 will be down on the previous year as it takes a hit from currency movements, additional costs following the transition to new systems and a writedown in the value of aged stock.
Nostra Terra raises £1.15m to develop Mesquite asset
Nostra Terra Oil & Gas announced on Wednesday that it has raised gross proceeds of £1. 15m by way of a placement of 47,916,665 new ordinary shares, at a price of 2. 4p each.