Market Report
FX round-up: Dollar gains in risk-off session, amid negative news out of China
Sterling weakened significantly on Wednesday in a 'risk-off' day for financial assets on the heels of a weak reading on a key economic report in China, even as Beijing fired a 'warning shot' across the bow of the government across the Taiwan Strait, in Taipei.
China Tobacco Corp plans IPO for international unit
The world's biggest cigarette manufacturer plans to list its international subsidiary on the Hong Kong stock exchange, according to filing documents.
Commodities: Oil futures jump on reports of decrease in Saudi output
Commodities found a bid on Wednesday, reversing early losses following reports that Saudi was indeed meeting its output cut pledges with the Organisation for the Petroleum Exporting Countries and the cartel's main allies.
Europe close: Shares start year in cautious mood on global worries
European shares closed lower on 2019's first trading day, with losses pared back by a brighter Wall Street opening, but investors still worried about weak global growth, trade wars and political risk.
Results round-up
Faroe Petroleum's assets are worth up to $1bn, according to an independent valuation published on Wednesday.
London close: Shares reverse early losses led by 'Big Oil'
London stocks reversed earlier losses on Wednesday as crude oil futures extended their recent bounce on supportive news out of Saudi and the States.
Broker tips: Intu Properties, Smith&Nephew
Analysts at HSBC slashed their target price on stock of Intu Properties, pointing to the two failed takeovers of the shopping centre operator and forced asset sales to reduce its gearing as justification for saying that "a rationale for investing is hard to establish".
Director dealings: Carnival chief in festive mood
Too busy at work to go on a cruise this holiday season? Then perhaps you might want to consider buying a cruise ship operator?.
TMT Investments exits Wrike investment, writes down Wanelo holding
Venture capital company TMT Investments has agreed to dispose of its entire holding in Wrike for a net aggregate cash consideration of $22. 9m, it announced on Wednesday.
US open: Stocks retreat as China data weighs; Tesla under pressure
US stocks fell in early trade on Wednesday, ringing in the new year in the red as disappointing Chinese manufacturing data undermined sentiment, with Tesla under the cosh.
Serco due for contract win and 'inflection year', says Jefferies
Serco's fortunes should see an "inflection" in 2019 after the outsourcer won its largest contract in almost two years, analysts from Jefferies said on Wednesday.
SolGold celebrates latest news from Porvenir Project
SolGold updated the market on its regional exploration activities at the 100%-owned Porvenir Project in southern Ecuador, held by its wholly-owned subsidiary Green Rock Resources, on Wednesday.
No dividend for Hot Rocks investors after turbulent half-year
Hot Rocks Investments reported on a “turbulent” first half in its unaudited interim financial figures on Wednesday, with revenue remaining nil for the six months ended 30 September.
Thursday preview: US labour market data, Next in focus
The market spotlight will shift back towards the States on Thursday, with a slew of potentially market-moving data set for release, including two reports on the state of the country's jobs market ahead of the all-important monthly employment figures due out on Friday.
HSBC slashes target on Intu Properties, sees possible third suitor
Analysts at HSBC slashed their target price on stock of Intu Properties, pointing to the two failed takeovers of the shopping centre operator and forced asset sales to reduce its gearing as justification for saying that "a rationale for investing is hard to establish".
Renalytix AI exercises option to license FractalDX portfolio
Artificial intelligence-enabled clinical diagnostics solutions developer Renalytix AI announced the exercise of its option for the exclusive licence from the Icahn School of Medicine at Mount Sinai (ISMMS) of a portfolio of diagnostics - referred to as ‘FractalDX’ - focussed on kidney transplant on Wednesday.
Debenhams drops ahead of Christmas update
Shares in department store chain Debenhams were firmly in the red on Wednesday, kicking off 2019 in the doldrums ahead of its Christmas trading update next week, suggesting that investors are anticipating a disappointing performance.
Golden Saint Technologies pleased with performance as it pivots from mining
Golden Saint Technologies issued its reviewed results for the six months ended 30 September on Wednesday, reporting operating income of $2. 33m, rising from $2. 1m year-on-year.
MX Oil COO Nigel McKim to step down
Oil and gas investing company MX Oil said on Wednesday that chief operating officer Nigel McKim has decided to step down from the board to take up a new role, with effect from 13 January.
Faroe says new asset valuation puts DNO offer in shade
Faroe Petroleum's assets are worth up to $1bn, according to an independent valuation published on Wednesday.