Market Report
Collapse of Toys R Us, Maplin into administration rocks retail sector
Toys R Us went into administration on Wednesday after failing to secure a rescue deal, while electronics retailer Maplin collapsed as talks with a potential buyer broke down.
Riverstone Energy's NAV rises on the back of improved oil prices
Riverstone Energy saw its net asset value rise to $20. 63 per share in its last financial year, with recent US tax reforms and rebounding oil prices helping push the firm ahead.
RHI Magnesita updates offer for Magnesitas Refratarios
Refractory products and systems supplier RHI Magnesita announced updated information on the integrated tender offer for Magnesita Refratários on Wednesday.
UK consumer confidence wanes in February - Gfk
UK consumer confidence slipped lower in February, according to a widely followed survey released on Wednesday.
Vernalis warns investors of 'slower than hoped for' sales
AIM-quoted commercial-stage pharmaceutical company Vernalis provided investors with an update on guidance for prescriptions of its Tuzistra XR cough and cold drug on Wednesday, warning that "slower than hoped for progress" led the group to look into alternative strategies for its US business.
Scotgold receives approval for Cononish mine from national park authorites
Grampian Highlands-focussed gold miner Scotgold Resources has received unanimous approval from the Loch Lomond and Trossachs National Park Authorities of its development application for the Cononish Goldmine.
Borders & Southern shares skyrocket following estimated resource increase
Borders & Southern Petroleum's share price exploded on Wednesday, rising over 40% after the company announced a substantial increase in estimated resource at its Darwin East and West projects.
Europe open: Stocks drift lower after data showing dip in euro area inflation
Stocks on the Continent are little changed ahead of the release of a barrage of economic data later in the day Stateside, while traders digest the previous night's interest rate decision by the US Federal Reserve.
CMA launches probe into SSE-Npower retail merger
UK competition authorities have launched an investigation the proposed merger between the SSE and Npower's retail energy businesses.
Eurozone inflation eases to 1.2% in February
Inflation in the eurozone eased to 1. 2% this month from 1. 3% in January, in line with expectations, according to a flash estimate from Eurostat on Wednesday.
ITV profits fall but World Cup and strong studio slate give confidence
ITV profits fell last year amid a squeeze on advertising sales, but new chief executive Carolyn McCall is very bullish about the year ahead and has begun a 'strategic refresh' of the group.
UBM posts strong final set of results before sale to Informa
UBM posted a strong rise in annual profit in what is expected to be the events group’s last set of results before the events company is taken over by rival Informa.
Safestyle warns on profits as market continues to deteriorate, competition hots up
Hot on the heels of a warning in December, AIM-listed windows and doors specialist Safestyle cautioned on Wednesday that revenues and underlying profit for 2018 will be "materially below" the previous year’s levels and current market expectations as the market continues to deteriorate.
Weir profit surges on stronger minerals and oil orders
Weir Group’s annual profit surged as orders rose at the FTSE 250 engineer’s minerals business and its oil and gas operation returned to profit amid resurgent market prices.
Thor Mining commissions multiple studies at tungsten project in Nevada
AIM-quoted tungsten miner Thor Mining kicked off a series of activities aimed at accelerating the commercialisation of its Pilot Mountain tungsten project in Nevada, USA, commissioning a scoping study and metallurgical test work to determine potential mining and processing scenarios across the site.
SIG to sell loss-making modular business to Urban Splash for £1
FTSE 250 building products distributor SIG has agreed to sell its loss-making modular offsite construction business, Building Systems, to residential housing developer Urban Splash for £1.
Genus slips despite bullish outlook and strong first half
Genus, the animal genetics specialist, reported strong profits growth for the first half of its financial year and was bullish about prospects for its recently launched Sexcel product, despite warning of more demanding year-on-year comparisons in the second half.
Jardine Lloyd Thompson sees solid growth in 2017
Jardine Lloyd Thompson Group issued its preliminary results for the year ended 31 December on Wednesday, reporting revenues of £1. 39bn - up 10%.
London open: Stocks drop on glum US cues as ITV, Taylor Wimpey disappoint
As the snow settled on the Square Mile early on Wednesday, equity markets in London lost ground, taking their cue from a late selloff on Wall Street as disappointing earnings from ITV and Taylor Wimpey weighed.
James Fisher elevates Fergus Graham to director position
James Fisher & Sons announced on Wednesday that Fergus Graham will be joining its board as an executive director, with effect from 1 March.