Market Pulse
Bowleven Moambe well moves to extended test period
Africa-focused oil and gas exploration group Bowleven said its Moambe well at the Bomono permit in Cameroon has now moved into the planned extended test period following successful well testing.
Cohort's subsidiary wins MoD deal
Holding group Cohort said its SCS subsidiary has won a two-year contract to provide training and exercise support to the UK Ministry of Defence's Joint Forces Command.
Spirax-Sarco buys US-based Flow Smart for £5.7m
Spirax-Sarco Engineering has acquired the business and assets of US-based Flow Smart Inc for £5. 7m, in a deal it expects to generate an immediate small benefit to group earnings per share.
Enlarged Finsbury Food hungry for growth
A great British hunger for cakes has driven growth at the recently-enlarged Finsbury Food Group.
Number of London home buyers picks up sharply in third quarter
The number of people who purchased a house in London for the first time rose sharply in the third quarter, figures released on Wednesday showed.
Hikma Pharmaceuticals sells Ohio Ben Venue sites to Xellia
Hikma Pharmaceuticals has agreed the sale of manufacturing facilities in Bedford, Ohio, to Xellia Pharmaceuticals for an undisclosed sum.
Income falls, dividend rises at TR Property
An expected drop in income materialised for TR Property Investment Trust on Wednesday, as the group announced its half year results to 30 September.
Oilex promises full review after shareholder gripes
In response to concerns raised by investors, Oilex has begun a review of both its board structure and the strategy and financing of its core Cambay asset in Gujarat, India after its successful proof-of-concept tight oil well.
Graphene NanoChem wins three year palm oil contract
Graphene NanoChem has won a three year production contract with Temasek Growth, and is still negotiating its debt restructure.
Anglo American slumps on HSBC downgrade
Anglo American was under pressure after HSBC downgraded the stock to ‘reduce’ from ‘hold’ and slashed the price target to 410p from 770p as it pointed to the miner’s precarious cash flow situation.
Gross mortgage borrowing hits seven-year high in October
Gross mortgage borrowing reached its highest level in over seven years in October, figures released on Wednesday showed.
Weatherly International defers loan repayment
Weatherly International’s largest shareholder and lender, Orion, has agreed to defer a loan instalment repayment as the company’s Tschudi mine in Namibia is not making sufficient operating cash for the service of its debt facility.
Chemring Group reiterates full year guidance
Defence contractor Chemring Group said trading expectations for the full year remain in line with guidance it provided in October.
UK Mail chief executive axed
The chief executive of UK Mail Group for the last decade, Guy Buswell, has been given the axe as the company struggles with the transition to its new high-tec parcel sorting hub.
RPC Group's long-term strategy paying off as revenues rise
RPC Group’s "Vision 2020" strategy is paying off, with the company posting a 36% increase in revenue for the first half of the year.
Europe open: Stocks nudge higher but gains capped by geopolitical tensions
European stocks nudged higher in early trade, supported by a late recovery on Wall Street, although gains were limited amid heightened geopolitical tensions and ahead of a slew of US data.
XP Power acquires EMCO in £7.8m deal
Investment group XP Power has completed the acquisition of EMCO High Voltage Corporation, a designer and manufacturer of high voltage power modules for $12m (£7. 8m) in cash.
Fifth person arrested in connection with TalkTalk hack
A fifth arrest has been made in connection with the TalkTalk cyber breach.
Japan small business confidence improves in November
Confidence among medium and small businesses in Japan increased in November, figures released on Wednesday showed.
BG starts commercial operations from second train at Queensland Curtis
BG Group has begun commercial operations from the second train at its Queensland Curtis liquefied natural gas plant (QCLNG).