Market Report
President completes purchase of new concessions in Rio Negro
Upstream oil and gas company President Energy updated the market on the completion of the acquisition of its interests in the Las Bases and Puesto Prado concessions in Argentina’s Rio Negro province on Wednesday.
KEFI Minerals signs £4m loan facility as it looks to progress Tulu Kapi
Gold and copper exploration and development company KEFI Minerals announced on Wednesday that, further to its announcement on 30 October, it has entered into an up-to-£4m secured convertible loan facility with an unnamed “long standing institutional shareholder”.
Focus on long income paying off for LondonMetric
LondonMetric Property reported continued income growth in its half-year results ended 30 September on Wednesday, which led to improved earnings and dividends.
SmartSpace Software wins five-year contract with international bank
Workspace management software provider SmartSpace Software has won a five-year contract with a "leading" international bank.
Altus Strategies makes high-grade silver discovery at Ethiopian asset
Africa-focused exploration outfit Altus Strategies has made a high-grade silver discovery at its Daro project in Northern Ethiopia.
WH Ireland losses widen on restructuring costs
Broker and wealth manager WH Ireland saw first-half losses mushroom as a result of falling revenues and increased costs from its restructuring efforts.
RPC shrugs off higher polymer prices
Plastic products design and engineering company RPC Group reported solid underlying growth in the first half of the year, boosted by added-value products in China and the US.
SafeCharge sees full-year revenue ahead of market expectations
Payments technology company SafeCharge hailed strong trading on Wednesday and said annual revenue should top expectations as it announced the appointment of a new chief operational officer.
Unilever close to buying GSK's Horlicks business - report
Unilever is in pole position to guzzle up GlaxoSmithKline's Indian Horlicks business and associated nutrition brands for around $4bn, according to reports.
Telford Homes profit and revenue rise as build to rent pays off
London-focused residential property developer Telford Homes posted a rise in first-half profit and revenue on Wednesday, underpinned by its shift towards the build to rent market.
London open: Stocks up amid trade hopes; banks up ahead of stress test results
London stocks rose in early trade on Wednesday, taking their cue from positive US and Asian sessions amid trade optimism.
On The Beach keeps powder dry after exceptional summer
Online travel agent On The Beach delivered final results ahead of market expectations, as it reined-in marketing spending after the summer heatwave put Brits and Scandinavians off overseas holidays.
Brewin Dolphin profits, total funds rise amid positive net inflows
Wealth manager Brewin Dolphin posted a rise in full-year profit on Wednesday as total funds increased amid positive net inflows.
Demand remains strong at Softcat, CMA puts brakes on Experian purchase of ClearScore
London open The FTSE 100 is expected to open 27 points higher on Wednesday, having closed down 0. 27% at 7,016. 85 on Tuesday.
London pre-open: Stocks seen higher as investors eye stress test results
London stocks were set for a firmer open on Wednesday, taking their cue from positive US and Asian sessions as investors continue to eye Sino-US relations and Brexit-related headlines.
Wednesday newspaper round-up: Amazon, Facebook, Euro Disney, Google
Britain is running out of food warehousing facilities needed by retailers and manufacturers to stockpile goods before a possible no-deal Brexit – and the shortage may be the result of Amazon booking the space, MPs have been told. Ian Wright, the director general of the Food and Drink Federation, told the business, Energy and industrial strategy committee (BEIS) on Tuesday that a shortage of space had driven up the cost of chilled warehouse space, even though the shelves may be empty.