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UK Oil & Gas strikes lease deal for Dorset hydrogen storage site
UK Oil & Gas announced the execution of a heads of terms agreement for a 60-year lease on land and subsurface mineral rights on Wednesday, for a second underground hydrogen storage facility in south Dorset.
Revenue steady, profits rise for MTI Wireless Edge
Communications and radio frequency technology specialist MTI Wireless Edge reported steady revenue and notable improvements in profitability in its interim results on Wednesday.
Watkin Jones shares drop 30% on profit warning, outlook
London-listed Watkin Jones lost almost a third of its market value on Wednesday after the residential property manager and developer delivered a profit warning and projected a slower-than-expected market recovery.
James Latham confident despite slip in revenue
Timber and panel products distributor James Latham said in an update on Wednesday that its revenue for the first four months of the financial year totalled £127m, slightly down from £128m in the same period last year.
London midday: Stocks edge up as miners rally
London stocks had ticked a little further into the black by midday on Wednesday, helped along by a solid performance from the mining sector, as investors mulled borrowing figures and looked ahead to the release of the latest Federal Reserve minutes.
Mobico shares surge as US school bus sale starts, interims jump
Mobico shares surged by a fifth on Wednesday after the public transport operator started the sale process for its North American school bus business to cut debt and reported a jump in adjusted interim operating profit driven by positive demand and cost cuts.
Rosslyn Data Technologies FY losses better than feared, secures major client win
Cloud-based software provider Rosslyn Data Technologies revealed on Wednesday that it had secured a "major new client win" worth a minimum of £2. 0m as it turned in better-than-expected FY24 underlying losses.
China launches probe into EU dairy subsidies
China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels.
Galileo starts fresh drilling programme at Shinganda
Galileo Resources announced the start of phase three reverse circulation (RC) drilling on its Shinganda Licence in central western Zambia on Wednesday.
Mattioli Woods acquistion gets NS&I Act approval
Mattioli Woods announced on Wednesday that its acquisition by Tiger Bidco, a subsidiary of investment vehicles advised by Pollen Street Capital, had passed a significant regulatory milestone.
Angling Direct H1 revenues grow on strong UK performance
Fishing tackle and equipment retailer Angling Direct said on Wednesday that revenues had grown in the six months ended 31 July, leaving it confident of its ability to meet full-year consensus expectations.
Jefferies upgrades Victrex to ‘hold’ on valuation
Jefferies upgraded Victrex on Wednesday to ‘hold’ from ‘underperform’ "purely" on valuation grounds.
Base Resources merger clears Australian regulatory hurdle
Base Resources announced a significant development in its proposed merger with Energy Fuels on Wednesday.
Asia report: Most markets fall as Japan's trade deficit widens
Asia-Pacific markets were mostly lower on Wednesday, following a pullback in US markets overnight, where the S&P 500 and Nasdaq Composite ended their eight-day winning streak.
Waitrose to open 100 new convenience stores in £1bn investment drive
UK high-end supermarket chain Waitrose its ramping up its brand investment plans, injecting £1bn to open up to 100 convenience shops and upgrade a number of existing supermarkets over the next five years.
Eco Buildings raises £450k via subscription
Modular housing company Eco Buildings Group said on Wednesday that it had raised up £450,000 from new and existing shareholders via a subscription of 4. 50m new ordinary shares.
Japanese trade deficit higher than expected as imports jump
Japan recorded a wider-than-expected trade deficit for July as imports surged on the back of rising prices, according to data released by the Finance Ministry on Wednesday.
Nexxen International strikes ACR data deal with The Trade Desk
Advertising technology platform Nexxen International said on Wednesday that its recognition data was now available on The Trade Desk.
RBC Capital lifts price target on Admiral, reiterates ‘outperform’
RBC Capital Markets lifted its price target on Admiral on Wednesday to 3,550p from 3,400p and reiterated its ‘outperform’ rating.
Value of Molten Ventures' holding in Revolut rises significantly
Molten Ventures, a prominent venture capital firm known for investing in high-growth digital technology companies, announced a substantial increase in the valuation of its holding in fintech company Revolut on Wednesday.