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Biome warns on profits amid 'additional complexities'
Bioplastics and RF technology business Biome warned on FY revenue and profitability on Wednesday after "additional complexities" relating to component deliveries for two large projects expected to be completed in FY24 arose.
Court finds against LCM's funded party, shares fall
Shares in Litigation Capital Management fell sharply on Wednesday, after a judge found against its funded party in an Australian class action.
ME Group points to record results, but shares fall
Shares in instant-service vending equipment firm ME Group dipped on Wednesday despite the company pointing to record financial results for the full year, including double-digit growth in profits.
Costain secures contract with HS2
Construction and engineering group Costain has been awarded a new contract as a sole supplier to deliver tunnel and lineside mechanical and electrical systems for HS2.
XP Factory interim profits surge against strong comparators
Leisure business XP Factory said on Wednesday that interim revenue and profits had surged, reflecting continued volume-driven like-for-like growth across both of its brands, ahead of industry levels.
London open: FTSE edges down as investors mull events in France, South Korea
London stocks edged lower in early trade on Wednesday following mixed performances in the US and Asia, as investors mulled events in France and South Korea.
Light Science Technologies flags record full-year revenue
Light Science Technologies reported record full-year revenue in an update on Wednesday, with group sales rising around 29% over the 12 months ended 30 November, to £12m.
Zigup revenue falls in mixed first half
Zigup reported a mixed half-year on Wednesday, with underlying revenues growing 5. 6% to £775m on the back of robust performances in vehicle hire and claims services, although reported revenue slipped 0. 8% to £903. 6m due to weaker vehicle sales.
China services growth eases in November - Caixin
Growth in China’s services sector eased in November, according to data released on Wednesday.
Drax CFO announces plans to retire
Power generation company Drax said chief financial officer Andy Skelton was retiring his position and as an executive director.
Centrica and EDF extend operations at four nuclear power stations
Energy suppliers Centrica and EDF have announced the extension of the lives of four operational nuclear power stations, which they say will help maintain grid stability in the UK.
Rio Tinto raises copper production forecasts, Legal & General maintains profit guidance
London open The FTSE 100 is expected to open 35 points lower on Wednesday, having closed up 0. 56% on Tuesday at 8,359. 41.
Rio Tinto sees higher copper output as Palliser renews call to scrap UK listing
Rio Tinto on Wednesday forecast higher consolidated mined copper production for the 2025 financial year driven by higher output from its Oyu Tolgoi operation in Mongolia and also faced calls from hedge fund Palliser to scrap its dual listing structure.
London pre-open: Stocks seen down as investors eye events in France, South Korea
London stocks were set to fall at the open on Wednesday following mixed performances in the US and Asia, as investors mulled events in France and South Korea.
Legal & General hints at higher returns, reiterates full-year targets
Financial services and investment group Legal & General has maintained profit guidance for the full year and hinted at more returns for shareholders than previously announced.
Wednesday newspaper round-up: British Steel, nuclear power plants, South Western Railway
Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company’s Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. – Guardian.