Market Pulse
Proton Power Systems launches hybrid truck joint-venture
Proton Power Systems on Wednesday signed a joint-venture agreement to establish hybrid heavy-duty truck maker Clean Logistics GmbH.
Topps Tiles Q1 revenues dip amid 'challenging' backdrop
Topps Tiles reported a drop in first-quarter revenue on Wednesday amid a "challenging" market backdrop.
Sainsbury's sales unravel over festive quarter
Sainsbury's reported a fall in revenues over the past 15 weeks due to a slump in general merchandise sales, which the grocer blamed on cautious customer spending and a decision to reduce Black Friday promotions.
Europe open: Shares rise on China-US talk hopes
European shares rose further on Wednesday as investors took heart over a possible trade deal between the US and China.
Ted Baker posts jump in Christmas sales amid solid online performance
Fashion brand Ted Baker - which was recently rocked by harassment claims against founder Ray Kelvin - posted a jump in sales over the Christmas period on Wednesday as its online segment performed well.
TBC Bank under investigation over historical transactions
TBC Bank has been fined and is being inspected by the Georgian regulator and Office of Public Prosecution over allegations that certain historical transactions broke conflict-of-interest rules.
Grand Vision Media inks big deal with China's Dadi Cinema Group
Grand Vision Media Holdings announced a contract with Dadi Cinema Group in China on Wednesday, under which it would install its 3D panels in 22 new cinema locations in the Dadi network, with installation work beginning immediately.
Remote Monitored Systems plans to 'press accelerator' in 2019
Surveyor Remote Monitored Systems said both its Geocurve and GyroMetric operating businesses had performed "impressively" in its last trading year.
DNO ups offer for Faroe Petroleum to 160p per share
Norwegian oil producer DNO has acquired a further 32. 25m shares in AIM-listed producer Faroe Petroleum after it upped its cash offer for the group to 160p per share after the close on Tuesday.
Universe Group rolling out new payment terminal with EG Group
Point of sale, payment and loyalty systems developer and supplier Universe Group has begun a roll-out with major new customer Euro Garages (EG Group), to provide its ‘Gempay 3’ payment terminal product and payment processing services to 370 petrol forecourts in the UK.
Alaskan authority approves Pantheon acquisition of Great Bear Companies
Oil and gas exploration company Pantheon Resources updated the market on its acquisition of the Great Bear Companies on Wednesday.
London open: Stocks rise on China-US trade hopes; Sainsbury's slips
London stocks rose in early trade on Wednesday, taking their cue from upbeat sessions in the US and Asia amid growing hopes that the latest round of US-China trade talks and hopes that moves in Westminster have lowered the chance of a no-deal Brexit, although Sainsbury's bucked the trend after a disappointing update.
Greggs lifts expectations after strong festive period
Greggs said it had a “strong” finish to the year in its fourth quarter trading update on Wednesday, reporting total sales growth of 7. 2%, with company-managed shop like-for-like sales growing by 2. 9%.
Softcat trading above expectations ahead of interim results
UK provider of IT infrastructure products and services Softcat updated the market on its trading on Wednesday, ahead of its interim results for the six months ending 31 January.
Unite Group sees positive valuation performance in latest quarter
Specialist student accommodation manager and developer, the Unite Group, reported its quarterly property valuation of the Unite UK Student Accommodation Fund (USAF) and the London Student Accommodation Joint Venture (LSAV) as at 31 December on Wednesday, with USAF's property portfolio was independently valued at £2. 25m on that date.
Fresnillo ropes in Andre Sougarret Larroquete as its new COO
Fresnillo confirmed the appointment of André Sougarret Larroquete as its new chief operating officer on Wednesday, to oversee the safe and efficient running of its existing mines.
London pre-open: Stocks seen up amid China-US trade hopes
London stocks were set for a firmer open on Wednesday, taking their cue from upbeat sessions in the US and Asia amid growing hopes that the latest round of talks between the US and China will ease trade tensions.