Market Pulse
Wilmington gobbles up SWAT Group
Business information and services company Wilmington announced on Wednesday that its subsidiary, Mercia Group, has acquired training and technical compliance support provider SWAT Group.
Former UBS trader Adoboli loses deportation appeal
Former UBS trader Kweku Adoboli, who in 2012 was sentenced to seven years in prison for fraud, has lost his appeal against deportation to Ghana.
LED International's nomad and chairman resign as accounts delayed again
Shares in LED International, the Chinese provider of energy saving specialist, have been suspended for seven months and could be cancelled from AIM within a month after nominated adviser Allenby Capital quit as the company continued to delay reporting another set of accounts.
Volkswagen posts better-than-expected first half figures
Volkswagen shares jumped 6% on Wednesday after the car manufacturer reported better-than-expected profits for the first two quarters of the year.
Morgan Stanley Q2 numbers top expectations
Morgan Stanley’s second- quarter results topped expectations on Wednesday, underpinned by better-than-forecast performances in wealth management and fixed income.
Scancell granted product licence extension from Ichor Medical Systems
Scancell, the developer of immunotherapies for cancer treatments, was granted a product licence option extension from Ichor Medical Systems.
Judges Scientific issues profit warning after weak first half
Judges Scientific posted a trading update on its first-half performance on Wednesday, including the first full first-half contribution from Armfield, and the post-acquisition contributions from CoolLED and Dia-Stron, which were acquired in the first quarter of 2016.
US pre-open: Stocks seen higher as Morgan Stanley impresses
US futures pointed to a firmer open on Wall Street with earnings from Microsoft and Morgan Stanley likely to underpin the mood.
Moody's downgrades UK banking system to 'negative' due to Brexit uncertainty
Moody’s Investors Service changed the outlook on the UK’s banking system to 'negative' from 'stable' on Wednesday, due to uncertain Brexit trade talks.
Restore increases market presence through acquisition of PHS Data solutions
UK office services provider Restore on Wednesday announced the acquisition of PHS Data Solutions for £83. 1m.
Eurotunnel slashes growth prospects due to sterling fall
Eurotunnel has lowered its 2016 and 2017 guidance for core profit as a result of the post-Brexit drop in the pound.
Oxford Pharmascience hits stumbling block with OXPzero
Specialty pharmaceutical company Oxford Pharmascience updated the market on progress in its commercialisation efforts for its OXPzero Ibuprofen and OXPzero Naproxen compounds.
SAP second-quarter profit up 73%
German software company SAP reported a 73% jump in net profit for the second quarter on the back of healthy cloud growth and lower restructuring costs.
Europe midday: Stocks extend gains as SAP, VW rally on earnings
European stocks pushed higher, extending earlier gains as investors welcomed encouraging corporate releases from the likes of SAP and Volkswagen.
Hikma Pharmaceuticals launches generic cancer tablets in US
Hikma Pharmaceuticals said its wholly-owned US affiliate, West-Ward Pharmaceuticals has launched generic cancer treatment tablets in the US.
London midday: Stocks gain as UK jobs data exceeds forecasts
London stocks advanced on Wednesday after UK data showed an unexpected drop in the unemployment rate and a better-than-forecast increase in jobs added to the economy.
Johnson Matthey eyes £40m profit boost from weak pound
Speciality chemicals group Johnson Matthey increased sales 6% to £822m in the first quarter thanks to strong sales growth for its vehicle catalysts, while profits could be boosted substantially by weakness of the pound.
Eckoh buys Klick2Contact for £2.35m
Secure payment provider Eckoh bought Klick2Contact (K2C), an Omni-channel customer engagement service, for £2. 35m in cash and shares.
IQE on track to achieve full-year expectations
IQE expects to deliver a significant increase in revenues and profits for the first half of 2016 compared to the same period a year ago as it continues to diversify its revenues.
Macquarie expresses preference for Rio Tinto over BHP after Q2 production update
Analysts at Macquarie reiterated their 'outperform' stance on shares of Rio Tinto following the mining group´s second quarter calendar year production update.