Market Report
Ikea gets permission to build 163 affordable homes in UK
The council of Worthing granted Swedish furniture company Ikea permission to build 162 affordable flats in a joint-venture with construction firm Skanska.
Immupharma raises £2.66m from subscription agreement with institutional investor
Drug discovery and development specialist Immupharma raised roughly £2. 66m via a subscription agreement with institutional investor Lanstead Capital on Wednesday.
Bitcoin hits $12,900 as analysts spy all-time highs
Bitcoin’s price reached $12,900 for the first time since January 2018 on Wednesday following a furious 14% which has left speculators chomping at the bit in hopes of a further rally up to its 2017 highs or even further.
Oncimmune confident of 'material profitable revenues'
Immunodiagnostics firm Oncimmune told investors on Wednesday it was confident it could generate "material profitable revenues" on the back of several business developments.
Image Scan warns of losses following delayed government contracts
X-ray screening systems supplier Image Scan told investors on Wednesday that security orders and sales had been "disappointing" during its third trading quarter and warned that it was now unlikely to meet market expectations for full-year sales and profits.
RBC Capital downgrades Ted Baker, slashes price target
RBC Capital Markets downgraded its stance on Ted Baker shares to 'sector perform' from 'outperform' and slashed the price target to 900p from 1,900p as it highlighted a lack of catalysts.
Helical secures Incubeta as latest tenant of Old Street scheme
London-focussed property developer Helical has secured multinational marketing group Incubeta as its latest occupier at its Old Street scheme ‘The Tower’, EC1, it announced on Wednesday.
ValiRx gets US patent protection for use of VAL201 peptide
Clinical stage biotechnology company ValiRx announced on Wednesday that the US Patent and Trademark Office (USPTO) has allowed patent claims directed towards a method of preventing the worsening of symptoms of metastatic cancer, reducing the progression of metastatic cancer, or treating metastatic cancer - including prostate cancer - by administration of the ‘VAL201’ peptide.
IQ-AI raises £0.25m to accelerate development of imaging biometrics projects
IQ-AI announced on Wednesday that, following “strong demand” from existing and new shareholders, it has raised £0. 25m through the placing of 7,142,857 new ordinary shares at a price of 3. 5p each.
Acquisition-hungry Sumo Group trading in line with expectations
Video games and entertainment development company Sumo Group told shareholders that it was continuing to create “strong demand” for its services on Wednesday, as they gathered for the annual general meeting.
US Treasury Secretary sees "path" to completing US-China trade talks
American Treasury Secretary Steve Mnuchin on Wednesday sounded an upbeat note on the prospects for a US-China trade deal before the end of the year.
Woodford fallout now priced into Hargreaves Lansdown shares, says Deutsche Bank
The fallout from the suspension of the Woodford Equity Income Fund is now reflected in the Hargreaves Lansdown share price, Deutsche Bank said on Wednesday, as it upped its stance on the stock to 'hold' from 'sell'.
Cora Gold upbeat on latest test results from Sanankoro
West Africa-focussed gold exploration company Cora Gold announced on Wednesday that the gravity and cyanide metallurgical testwork programme conducted by Wardell Armstrong International at the Sanankoro Gold Project had been completed, with “highly positive” results returned.
Baron Oil busy following £0.44m fundraising
Baron Oil updated shareholders on its operations on Wednesday, following the raising of a gross £0. 44m through a placing and subscription earlier in the month.
Applegreen expands into US mid-west
Irish forecourt company Applegreen has agreed to buy a leasehold interest in certain forecourt retail assets of US-based Lehigh Gas Wholesale, CrossAmerica Partners and their affiliates in the states of Michigan, Minnesota and Wisconsin.
RPS warns on profits as slowing Australian economy delays infrastructure spending
Professional services firm RPS Group expects recent trading conditions in its Australia-Asia Pacific segment to adversely impact the firm's current full-year earnings.
Trackwise enjoys 'promising start' to the year
Specialist products provider Trackwise Designs told investors on Wednesday that it had enjoyed "a promising start" to the year, building on the progress made since its IPO in June 2018.
Tullow Oil expecting $900m revenue in busy first half
Tullow Oil updated the market ahead of the close of its first half on Wednesday, announcing that it was expecting to report revenue of around $900m and gross profit of about $500m for the six months ending 30 June.
Wood Group maintains expectations after decent first half
Wood Group reported that performance in its first half was up on the prior year in a trading update on Wednesday, with revenue in line with the first half of 2018 improvements seen in earnings growth and margin.
Wynnstay profit hit by warm winter, Brexit uncertainty
Wynnstay posted a drop in first-half profit on Wednesday, pinning the blame on an unusually warm winter and caution amid Brexit uncertainty.