Market Pulse
Solid State acquires Gateway Electronic Components
Value-added component supplier Solid State has acquired ferrite and magnetic components and solutions specialist Gateway Electronic Components for an initial consideration of £1. 4m.
US close: Stocks register modest gains despite heightened Middle East tensions
Major indices were in the green at the close of trading on Wednesday despite renewed fears of a full-scale ground war in the Middle East.
London close: Stocks finish mixed as oil prices advance
London markets ended mixed on Wednesday, with energy stocks providing support to the top-flight index amid rising geopolitical tensions in the Middle East.
Director dealings: National Grid CEO raises stake
National Grid revealed on Wednesday that chief executive John Pettigrew had acquired 220,000 ordinary shares in the London-listed utility company.
FTSE 100 movers: Oil majors gush higher; JD Sports retreats
London’s FTSE 100 was up 0. 2% at 8,292. 56 in afternoon trade on Wednesday.
US open: Stocks lower amid heightened tensions in the Middle East
Major indices were in the red early on Wednesday as Q4 trading began with losses amid renewed fears of a full-scale ground war in the Middle East.
Transense division Translogik enters southeast Asia partnership
Transense Technologies announced on Wednesday that its Translogik division has entered a strategic distribution partnership with AssetFindr to expand into the southeast Asian market.
US mortgage applications fall 1.3pc
US mortgage applications fell by 1. 3% week-on-week in the seven days ended 27 September, according to the Mortgage Bankers Association of America, the first drop in more than a month.
US private sector employment rises more than expected
Private sector employment in the US rose more than expected in September, according to figures released on Wednesday by ADP.
Time Finance renews, expands NatWest funding facility
Time Finance announced the renewal and expansion of its invoice finance funding facility with NatWest on Wednesday, to £65m.
US pre-open: Stock futures lower amid escalating tensions in the Middle East
Wall Street futures were in the red ahead of the bell on Wednesday after major indices kicked off Q4 trading with losses.
Prospex Energy upbeat on drilling results at Viura-1B
Prospex Energy announced on Wednesday that initial drilling of the Viura-1B development well in northern Spain had yielded better-than-expected results.
Deadline extended as Equals in 'advanced' talks with suitors
Equals Group updated the market on its ongoing strategic review on Wednesday, confirming the ‘put up or shut up’ (PUSU) deadline regarding a possible all-cash offer for the company had been extended.
Serica Energy says production at Bittern B6 has stabilised
Serica Energy announced on Wednesday that production from the B6 well on the Bittern field, in which it holds a 64. 6% interest, had stabilised at around 8,000 barrels of oil equivalent per day.
Borders & Southern raises£1.5m to advance Darwin development
Borders & Southern Petroleum successfully raised £1. 5m on Wednesday, to advance the development of its wholly-owned Darwin Gas Condensate discovery, located offshore the Falkland Islands.
London midday: FTSE boosted by oil shares amid Middle East woes
London stocks were still in the black by midday on Wednesday, underpinned by energy issues as oil prices rose due to tensions in the Middle East, but investors were jittery as they awaited Israel’s response to Iran’s latest missile attack.
Minoan turns £1.15m of liabilities into convertible loans
Minoan Group announced the conversion of £1. 15m worth of outstanding loans into new convertible loans on Wednesday, as part of its efforts to deleverage its balance sheet.
Westminster Group secures contracts with 'major international services organisation'
Security firm Westminster Group said on Wednesday that it has been selected to provide a range of security services to "a major international services organisation, under individual contract awards.
Quantum Blockchain extends share sale and repurchase deal with CEO
Quantum Blockchain Technologies announced an extension to the sale and repurchase agreement involving its chief executive officer and executive chairman Francesco Gardin and MC Strategies on Wednesday.
Revenue rises, underlying profits narrow for Pinewood Technologies
Pinewood Technologies reported strong growth in revenue and gross profit for the first half of the year on Wednesday, driven by a successful system rollout in its key UK market.