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Synergia updates Cambay Field work programme
Synergia Energy updated the market on the planned work programme for the Cambay Field production sharing contract (PSC) in Gujarat, India on Wednesday.
Tata Steel secures £500m for Port Talbot; 2,500 jobs lost
The government has agreed to pay Tata Steel £500m to help redevelop the Port Talbot steelworks, it was announced on Wednesday, securing the site’s future.
Brickability reports resilient trading despite challenging market
Construction materials distributor Brickability Group reported resilient trading in the financial year to date on Wednesday, despite challenging market conditions.
Inditex posts jump in sales, shares spark
Zara-owner Inditex posted a jump in autumn sales on Wednesday, as it flagged "very robust" trading during the first half.
Power Metal signs heads of terms for stake in Oman copper block
Power Metal Resources announced the signing of a non-binding heads of terms agreement with Alara Resources and Awtad Copper on Wednesday, to acquire a 12. 5% stake in the Block 8 copper concession in Oman.
Sweden’s EQT said to be in race for Grant Thornton UK
Swedish buyout firm EQT has reportedly joined a queue of buyout firms exploring the purchase of a big stake in the UK operations of accountancy firm Grant Thornton.
US pre-open: Futures lower ahead of August CPI reading
Wall Street futures were in the red ahead of the bell on Wednesday as market participants prepped for last month's consumer inflation report.
Costain slumps as ASGC dumps entire stake in placing
Costain slumped on Wednesday after Dubai-based Al Shafar General Contracting Company (ASGC) exited its investment in the construction company in a placing of just over 41. 6 million shares to institutional investors.
Europe midday: Stocks rise ahead of US inflation data, ECB meeting
European equity markets advanced on Wednesday morning, with all major indices across the continent attempting to rebound after recent falls, as investors digested a raft of economic data.
London midday: FTSE touch higher as UK economy stagnates
London stocks were still just a touch firmer by midday on Wednesday as data showed the UK economy continued to stagnate in July.
Revenue rises, losses narrow for Silverbullet
Silverbullet, a provider of AI-driven digital transformation services, reported first-half revenue of £4. 4m on Wednesday, a modest increase from £4. 2m in the same period last year.
Ricardo meets forecasts with full-year profits, but order intake slips
Ricardo has delivered annual results broadly in line with market forecasts, with solid growth in underlying profits, with the engineering, environmental and strategic consultancy services company expressing confidence heading into the new financial year.
Abu Dhabi National Oil expected to make formal offer for Covestro
Abu Dhabi National Oil Company was expected to make a formal offer to acquire German plastic and chemicals manufacturer Covestro for approximately €14. 4bn including debt, according to the Financial Times.
Energean reports record first half, narrows full-year outlook
Energean announced record first-half financial and operational results on Wednesday, driven by the start-up of the Karish North field and the completion of the second gas export riser in Israel.
Asia report: Stocks slip as investors digest local data, US debate
Asia-Pacific markets took a downturn on Wednesday, with Japan's Nikkei 225 leading losses in the region, after the first debate between US presidential candidates Kamala Harris and Donald Trump overnight.
Boohoo to shut US distribution centre
Boohoo Group is to cease using its US distribution centre, the fast fashion retailer confirmed on Wednesday, just a year after it first opened.
Hornby sales, profits ‘slightly behind’ internal forecasts due to shipping delays
Model train set maker Hornby fell on Wednesday as it reported a jump in sales and profits but said its performance was below internal forecasts due to shipping delays.
The Gym Group shares jump as fitness chain lifts guidance
The Gym Group's interim results were welcomed by investors on Wednesday, with the 24/7 budget fitness chain's share price rising strongly on the back of upgraded guidance following a big jump in profits in the first half.
Anglo American raises ZAR 7.2bn via accelerated bookbuild
Mining giant Anglo American has raised ZAR 7. 2bn (£308. 03m) after an accelerated bookbuild saw it offer up 13. 94m ordinary shares at a price of ZAR 515. 0p per share.
AB Foods extends share buyback by £100m
Primark owner Associated British Foods announced an extension of its share repurchase programme on Wednesday, with an additional £100m allocated for the buyback.