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Sound Energy finalises sale of Morocco East subsidiary
Shares in Sound Energy were surging on Wednesday, after it finalised the sale of its Moroccan subsidiary, Sound Energy Morocco East (SEME), to Managem in a transaction worth up to $45. 2m.
ECR Minerals upbeat on maiden drilling at Tambo Gold Project
ECR Minerals updated the market on its maiden diamond drilling campaign at the Tambo Gold Project in Victoria, Australia on Wednesday, focusing on the Duke of Cornwall prospect.
Tui sees strong summer as holidays boost FY earnings
Travel giant TUI said annual operating profit jumped by more than a third and said it expected more growth next year driven by expanded capacity in its holiday business to meet demand.
Grocery sales edge higher ahead of expected festive surge - NIQ
Grocery sales ticked higher last month, industry research showed on Wednesday, ahead of a likely surge in the weeks leading up to Christmas.
US pre-open: Futures mixed ahead of CPI reading
Wall Street futures were pointing to a mixed open ahead of the bell on Wednesday as investors patiently await the publication of last month's all-important CPI reading.
Ascent Resources reports progress in JV partner insolvency claims
Ascent Resources updated the market on the insolvency proceedings of its former Slovenian joint venture partner Geoenergo on Wednesday, confirming progress in its claims to recover funds.
Europe midday: Shares rally ahead of US CPI; Carl Zeiss falls sharply
European shares rallied to be in positive territory after a weak start on Wednesday as traders eyed corporate updates and also turned their attention to US inflation data later in the day.
HSBC eyes $3bn in potential cost savings - report
Banking giant HSBC Holdings is mulling plans that could trim costs by at least $3bn, it was reported on Wednesday, as it continues to overhaul its global operations.
London midday: Stocks erase gains, trade flat ahead of US data
UK stocks had pared earlier losses to inch into positive territory by Wednesday lunchtime, though upside was limited ahead of a key reading of inflation in the US.
Berenberg lowers target price on Whitbread
Analysts at Berenberg lowered their target price on Premier Inn-owner Whitbread from 4,000. 0p to 3,900. 0p on Wednesday following the recent UK budget.
Boots could be spun out if Walgreens buyout goes ahead - report
Chemist chain Boots could be put up for sale again should a possible takeover of its US parent go ahead, it was reported on Wednesday.
Heathrow expects record Christmas as passenger traffic continues to rise
Heathrow has said it is preparing for its busiest December in history after monthly traffic statistics continued to set new records.
Eden Research fungicide added to German organics list
Sustainable biopesticides and biocontrol specialist Eden Research announced on Wednesday that its flagship fungicide Mevalone has been added to the Organic Input List by FiBL Germany - a key certification for products used in organic farming.
Power Metal acquires Saskatchewan's Pardoe Uranium Project
Exploration company Power Metal Resources announced the acquisition of the Pardoe Uranium Project in northern Saskatchewan, Canada on Wednesday, through direct mineral claim staking.
IAG flies higher on Deutsche Bank upgrade to ‘buy’
BA and Iberia owner IAG flew higher on Wednesday after Deutsche Bank upgraded the shares to ‘buy’ from ‘hold’ and hiked the price target to 400p from 215p.
Aferian returns to underlying profit in H2
Business-to-business video streaming solutions firm Aferian said on Wednesday that H2 adjusted underlying earnings had almost reversed losses recorded in H1.
Aviva's Direct Line takeover faces 'material' execution risks, says Jefferies
Jefferies has reiterated its 'buy' stance on Aviva after the insurer's £3. 6bn takeover pursuit of Direct Line was agreed by the latter's board, but said that the deal brings major execution risks.
Kainos re-appoints Brendan Mooney as CEO
IT provider Kainos said on Wednesday that it has re-appointed Brendan Mooney to the board as chief executive officer.
PCI-PAL reports solid trading momentum
Cloud payment specialist PCI-PAL reported strong trading momentum for the current financial year in an update on Wednesday.
Audioboom continues to experience 'strong momentum' in Q4
Podcast company Audioboom said on Wednesday that it has continued to experience "strong momentum" during Q4 and that it now expects adjusted underlying earnings to be at least $3. 1m, surpassing recently upgraded market expectation of $2. 8m.