Market Report
Heineken cheers market with strong full-year results
Investors toasted Heineken on Wednesday, sending shares in the Dutch brewer 6% higher on forecast-beating results.
US pre-open: Stocks seen up amid signs of Sino-US trade truce extension
Wall Street stock futures pointed to a positive open on Wednesday, with investors hopeful of a trade truce extension between the US and China after Donald Trump said he would let the deal deadline slide if both parties were making headway.
Berenberg starts Derwent and Great Portland at 'sell'
Analysts at Berenberg initiated coverage on real estate firms Derwent and Great Portland at 'sell' on Wednesday as part of a note on the broader sector.
Europe midday: Stocks in the green but industrial production data disappoints
European stocks were still in the green by midday on Wednesday amid hopes the US and China will agree an extension to their trade truce, but indices were off their highs after the release of weaker-than-expected industrial production figures.
London midday: Stocks extend gains on trade deal hopes; inflation falls
London stocks had extended gains by midday on Wednesday, with sentiment underpinned by hopes of an extension the Sino-US trade truce, as investors digested news that UK inflation fell to a two-year low last month.
EU industrial production falls again
Euro area industrial production continued to fall at the end of last year, official data showed on Wednesday.
Optibiotix revenues soar in second half
Optibiotix Health's annual income soared in its last trading year as the healthy food additive maker continued to commercialise its products and grow sales.
Ex-CEO mounts rescue bid for ailing Utilitywise
A bid to save the future of business utilities consultancy Utilitywise was launched on Tuesday, by its founder and former chief executive officer Geoff Thompson.
Stanley Gibbons CFO Andrew Cook to step down
Stamp and collectibles business Stanley Gibbons said on Wednesday that chief financial officer Andrew Cook will step down on 29 March to pursue other interests.
Scientific Digital Imaging raises £2.57m through placing and offer
Digital imaging and sensing product provider Scientific Digital Imaging confirmed the results of its placing on Wednesday, having announced the placing and offer for new ordinary shares via ‘PrimaryBid’ on Tuesday.
Patagonia Gold pleased with latest drilling results from San Jose
South America-focussed gold and silver mining company Patagonia Gold released the first drill results from its San Jose Project in Uruguay on Wednesday, in which a total of seven holes were drilled.
Stallergenes Greer sales growth meets forecasts
Stallergenes Greer published its full-year unaudited net sales for the 12-month period ended 31 December on Wednesday, confirming sales for the year were in line with its previous outlook.
Syncona close to injecting funds in new prospects
Syncona, the healthcare investor, said it was in the "final stages" of agreeing funding for two new companies, though its net asset value dipped in the past quarter.
Supermarket Income REIT confirms income rise at Bristol property
Grocery retail property investor Supermarket Income REIT announced on Wednesday that the annual rent review at its Tesco superstore in Lime Trees Road, Bristol, had been concluded, resulting in an RPI increase of 3. 2%.
Greencoat UK Wind raises £131m in placing
Listed renewable infrastructure fund Greencoat UK Wind confirmed the result of its placing on Wednesday, which it had initially announced on 1 February.
Shore Capital to buy Stockdale Securities for up to £8.9m
Shore Capital has agreed to buy Stockdale Securities for up to £8. 9m in a deal that will create London's fourth largest corporate broking and advisory business.
Pan African more than doubles earnings in second half
Precious metals producer Pan African Resources said it expected earnings to more than double in the second half of its trading year.
Countrywide earnings halve amid 'challenging' market
Estate agency Countrywide said on Wednesday that its full-year earnings halved in a "challenging" market.
Dunelm growth positive as it cuts unprofitable Worldstores lines
Dunelm reported “strong” like-for-like revenue growth of 6. 9% in its interim results on Wednesday, to £473. 9m, with increases coming from both in-store at 3. 8%, and online at 35. 8%.
Cerillion wins £8.3m contract with US telco
Software solutions outfit Cerillion has signed a major new contract with an unnamed US-based telecoms provider.