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Jadestone makes progress with reorganisation, updates reserves
Asia-Pacific oil and gas producer Jadestone Energy updated the market on its structural reorganisation on Wednesday, saying it was expecting to result in annual cost savings of between $0. 5m (£0. 36m).
P&O to resume limited UK cruises for vaccinated passengers
P&O Cruises is to resume a limited UK service for vaccinated passengers this summer, Carnival said on Wednesday.
Buy DS Smith and Smurfit Kappa, Berenberg says
Berenberg upgraded DS Smith to 'buy' and initiated coverage of Smurfit Kappa with the same rating in an upbeat note on prospects for the paper and packaging sector.
LPA Group warns near-term prospects hurt by rescheduled work
Electronic connector manufacturing firm LPA Group said on Wednesday that its medium and longer-term prospects had been enhanced, but stated it had come at the expense of the near-term.
Kape Technologies beats earnings expectations in 2020
Security and privacy software company Kape Technologies ended the year ahead of expectations, it said on Wednesday, as revenues increased 85% to $122. 2m (£87. 88m).
Iomart pours £2.0m into next-gen routing technology
Cloud computing company Iomart said on Wednesday that it had made plans to majorly expand its network capacity in order to see future demand.
Advanced Medical Solutions ends tough year in line with forecasts
Surgical and advanced wound care specialist Advanced Medical Solutions reported a 50% fall in adjusted profit before tax in its preliminary results on Wednesday, to £13. 4m.
Dignity swings to FY loss despite modest underlying revenue growth
Funeral services provider Dignity said on Wednesday that it had swung to a full-year pre-tax loss despite reporting modest underlying revenue growth in the 52 weeks ended 25 December.
JPMorgan upgrades Rolls-Royce, shares rally
Rolls-Royce rallied on Wednesday as JPMorgan Cazenove upgraded shares of the engine maker to ‘neutral’ from ‘underweight’, highlighting four reasons behind the change, despite "major challenges".
Alpha FX posts solid revenue, earnings growth
Currency risk management and alternative banking provider Alpha FX reported a 31% rise in group revenue in its full-year results on Wednesday, to £46. 2m.
EU car registrations drop as crisis hits demand
EU car registrations fell 19. 3% in February as Covid-19 containment measures and uncertainty continued to weigh on demand, industry figures showed.
Europe open: Markets cautious ahead of Fed policy meeting
European stocks were slightly lower at the opening on Wednesday as investors stood back ahead of the US Federal Reserve’s policy decision later in the day.
London open: Stocks edge lower ahead of Fed policy announcement
London stocks edged lower in early trade on Wednesday as investors eyed the latest policy announcement from the US Federal Reserve.
Centaur restarts dividend after loss narrows
Centaur Media restarted its dividend after the group's annual loss narrowed despite a drop in revenue during the pandemic.
BlueRock Diamonds recovers three gem quality diamonds
AIM-listed BlueRock Diamonds said on Wednesday that it has recovered three gem quality stones of 10. 6, 9. 8 and 8. 4 carats from its Kareevlei diamond mine in the Kimberley region of South Africa.
Ferrexpo earnings rise as it swings to net cash position
Iron ore pellet producer Ferrexpo reported a 13% improvement in revenue in 2020 on Wednesday, to $1. 7bn, which it put down to increasing production volumes and its destocking process in the first half of the year.
Capita announces restructuring as FY profits hit by pandemic
Outsourcer Capita said on Wednesday that it was simplifying its business into three divisions, as it posted a decline in full-year pre-tax profit after taking a hit from the pandemic.
UK raises £1.36bn in 5G spectrum auction
The UK government on Wednesday said it had auctioned a new tranche of 5G mobile network spectrum for £1. 36bn.
Serco wins £400m Canadian contract, Hargreaves Lansdown to beat profit forecasts
London open The FTSE 100 is expected to open 17 points higher on Wednesday, having closed up 0. 8% on Tuesday at 6,803. 61.
Hargreaves Lansdown profit to beat forecasts
Hargreaves Lansdown said annual profit would beat expectations after clients dealing in US stocks maintained strong dealing volumes.