Market Pulse
FTSE 250 movers: Kennedy Wilson gains but Tritax slumps
London’s FTSE 250 was up 0. 9% to 17,791. 99 in afternoon trade.
Results round-up
Smiths Group posted a drop in profits for the year to the end of July as its John Crane division suffered amid tough conditions in the global energy markets, but the results were still better than expected.
Chris Neoh to hang up his Winkworth boots
Real estate agency franchisor M Winkworth announced on Wednesday that its finance director Chris Neoh has notified the Board of his intention to pursue his own business interests.
Central Rand Gold stock falls on wider operating loss
Central Rand Gold announced its unaudited interim results for the six months to 30 June on Wednesday, with its loss before interest, tax and depreciation widening to $1. 9m, from $0. 7m a year earlier.
Director dealings: New Eagle Eye CEO gets skin in the game
Tim Mason, the ex Tesco high flier who took over chief executive at Eagle Eye Solutions earlier this month, has bought his first shares in the AIM-listed producer of software to manage digital loyalty schemes.
FTSE 100 movers: Sky rallies on Exane note; Royal Mail slumps on UK Mail deal
London’s FTSE 100 was up 0. 9% at 6,867. 40 in afternoon trade.
Worldpay appoints Kim Crawford Goodman as US chief executive
FTSE 100 payments process Worldpay has appointed Kim Crawford Goodman as chief executive officer of its US business with effect from 7 November.
More monetary stimulus needed to deal with Brexit uncertainity, says BoE's Minouche
More monetary stimulus would likely be needed to aid the British economy as it adjusts to the uncertainty created when the country voted to leave the European Union, a deputy governor of the Bank of England said on Wednesday.
EU launches probe into LSE-Deutsche Börse merger, LCH France up for sale
The European Union's executive arm has launched an in-depth investigation into the proposed merger between London Stock Exchange Group (LSE) and Deutsche Börse over potential competition concerns, prompting the LSE to say it is exploring a potential sale of its French clearing arm.
Nature Group shares down on disappointing first half
Port reception facilities and waste treatment solutions provider Nature Group announced its interim results for the six months to 30 June on Wednesday, with revenues of £6. 2m, down from £8. 3m in the first half of last year.
Thursday preview: US GDP, Federal Reserve speakers
US gross domestic product growth in the second quarter is expected to be revised higher in the third and final estimate on Thursday.
Interest rate rise will not threaten recovery, Fed's Williams says
The Federal Reserve should raise interest rates sooner rather than later, according to the president of the central bank's San Francisco branch, while describing the split among the Fed's top officials as "significant".
StratMin Global secures $1.5m loan against shares in Bass Metals
Shares in graphite explorer StratMin Global Resources soared 20% on Wednesday morning when it announced it had arranged a $1. 5m loan secured against shares in Bass Metals to fund a joint-venture.
Venn Life Sciences shares drop despite revenue rise
Drug development services and clinical trial management provider Venn Life Sciences announced its unaudited interim results for the six months to 30 June on Wednesday, with revenue of €9. 06m, up from €4. 25m in the first half of last year.
F&C UK Real Estate suffers from loss in investor confidence after Brexit vote
F&C UK Real Estate Investments, a trust that offers investors exposure to commercial property assets, has faced a fall in profits due to weaker investor sentiment after the UK’s vote to leave the EU.
Facebook hits 4 million advertisers milestone
Social media giant Facebook has registered 4m advetisers on its site and mobile app, having increased the number by 33% in the last seven months.
German 2016 GDP forecasts set to be revised higher
Germany's economy was set to outstrip earlier forecasts from the country's leading research institutes.
Inditherm acquisition helps to lift Inspiration Health
Global medical device company Inspiration Healthcare Group announced its interim results for the six months to 31 July on Wednesday, with sales on a proforma basis including the June 2015 acquisition Inditherm growing by 10% to £7. 1m, with strong growth in critical care.
Smiths Group FY profit slips amid tough markets for John Crane division
Smiths Group posted a drop in profits for the year to the end of July as its John Crane division suffered amid tough conditions in the global energy markets, but the results were still better than expected.
Plastics Capital says trading in line with market views
AIM-listed Plastics Capital said on Wednesday that trading for the financial year to date was in line with market expectations.