Market Pulse
Devro´s US and China investments facing delays, but 1H profit jumps
Lower production costs and a favourable tailwind from movements in foreign exchange rates helped to offset falling sales volumes, especially in China, at Devro in the first six months of the year.
Time Warner joins Hulu party with 10% stake
Hulu has another major media giant on its side as US company Time Warner has bought a 10% stake in the video streaming business.
Thursday preview: BoE widely expected to cut interest rates
The Bank of England is expected to announce further stimulus measures on Thursday following dreary economic data and the UK’s vote to leave the European Union.
US private sector adds more jobs than expected in July
Private sector employment in the US rose more than expected in July, driven by an increase in mid-sized-business jobs, according to data released by ADP on Wednesday.
Sunrise Resources signs new drilling contract with Boart Longyear for US project
Mineral explorer Sunrise Resources signed a new contract to drill further at its Bay State silver project in the US.
Conroy Gold discovers new gold bearing Iode in Ireland
Irish miner Conroy Gold & Natural Resources has discovered a new gold bearing lode in its first drilling at the Clay Lake project.
Medaphor buys Inventive Medical for £3m
Ultrasound trainer Medaphor has bought cardio ultrasound supplier Inventive Medical for £3m, payable in shares.
Lamprell appoints Christopher McDonald as CEO
Oil services group Lamprell has appointed Christopher McDonald as chief executive officer with effect from 1 October, succeeding Jim Moffat who will be retiring as previously announced.
Amazon ordered to clarify delivery charges following complaint
Internet shopping firm Amazon has been told to clarify their delivery charge policies after a customer found he had to pay despite meeting free delivery conditions.
Next nudges up guidance as Directory sales drive weak first half volumes
Fashion retailer Next impressed investors with a slight improvement in the sales in the second quarter and increased its profit and earnings guidance for the full year. a trading update for the 26 weeks to 30 July on Wednesday, with full price sales in the second quarter up just 0. 3% on a year ago.
Kibo Mining makes solid progress at Mbeya and Imweru
Tanzania focused mineral exploration and development company Kibo Mining posted an interim update on progress at its Mbeya Coal to Power Project and the Imweru gold project on Wednesday.
Europe midday: Stocks waver but banks shine on well-received earnings
European stocks wavered on Wednesday, but banks put in a solid performance following well-received earnings from the likes of Standard Chartered, HSBC, Societe Generale and Credit Agricole.
Red24 says talks with iJet in preliminary stages
Red24 said on Wednesday that it is currently engaged in discussions with iJet International over a possible offer at 24p in cash per share.
London midday: Stocks fall as UK services activity contracts
London stocks fell on Wednesday on another dismal UK purchasing managers’ index report ahead of the Bank of England’s policy decision.
Science in Sport scores nutrition deal with USA Cycling
Shares in sports nutrition company Science in Sport received a boost after it finalised a deal to become the official supplier to USA Cycling.
US pre-open: Stocks seen touch lower as investors eye ADP report
US futures pointed to a marginally weaker open on Wall Street as investors awaited the release of a key jobs report.
Asia report: Most markets lower as Japan stimulus disappoints
Markets in Asia closed lower on Wednesday, as Japanese stocks sold off on disappointment with the latest stimulus package from the government.
Standard Chartered H1 profits slump; says outlook cautious on weak GDP
First-half profits at Standard Chartered slumped to $893m from $2. 1bn as income fell on the back of weaker growth in key markets and a group restructuring.
Game Digital earnings likely to disappoint, 2017 to be flat
Full year results are likely to be at the low end of forecasts for Game Digital as the retailer continued to endure challenging conditions in its markets.