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US close: Markets turn weaker as investors watch stimulus progress

Wall Street stocks closed in negative territory on Wednesday, as investors kept an eye on progress with regards to coronavirus stimulus talks.

21 Oct
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London close: Stocks finish weaker as pound rallies on Brexit hopes

London stocks finished well into negative territory on Wednesday, amid worries about the Covid-19 crisis and related restrictions and as sterling was boosted by the latest Brexit headlines.

21 Oct
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DX opens new freight depot in Burnley

Courier and logistics company DX announced the opening of a new depot in Burnley on Wednesday, as part of its expansion plans.

21 Oct
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Spectra Systems wins services contract with a central bank

Authentication and security company Spectra Systems has executed a “comprehensive services contract” with a central bank, it announced on Wednesday, for the development, manufacture and servicing of a sensor system for the customer.

21 Oct
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Petards wins camera contract for Bombardier train fleet

Security and surveillance technology company Petards has been awarded a contract to supply Bombardier Transportation with its ‘eyeTrain’ systems, it announced on Wednesday.

21 Oct
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Diurnal up as its partner advances Swiss authorisation for 'Alkindi'

Speciality pharmaceuticals company Diurnal Group announced on Wednesday that its marketing and distribution partner in Switzerland, EffRx Pharmaceuticals, has submitted a market authorisation application to Swissmedic for the registration of ‘Alkindi’, or hydrocortisone granules in capsules for opening, in the country.

21 Oct
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Manchester United revenue slides amid Covid-19 crisis

Manchester United has suffered a £71m hit from the Covid-19 pandemic, it revealed on Wednesday, as the football club reported its finances for the year.

21 Oct
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Asia report: Markets mixed as investors hold their breath over stimulus

Markets in Asia finished in a mixed state on Wednesday, as investors digested a number of developments in the ongoing Covid-19 pandemic.

21 Oct
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LoopUp launches new virtual meeting room product

Cloud communications provider LoopUp Group announced the launch of LoopUp Rooms on Wednesday, which it said would combine its premium remote meeting solution with off-the-shelf hardware, creating “plug-and-play” video conferencing suites.

21 Oct
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Seeing Machines signs new pilot training tech deal with L3Harris

Computer vision technology company Seeing Machines has signed a non-binding memorandum of understanding with aerospace and defence technology company L3Harris Technologies, it announced on Wednesday.

21 Oct
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CareTech ends year ahead of expectations

Specialist social care and education services provider CareTech Holdings reported “robust” trading in an update on Wednesday, with results for the year ended 30 September ahead of market expectations.

21 Oct
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Distribution Finance reaches loan repayment agreement with TruFin

Distribution Finance has mutually agreed with TruFin to fully repay, an outstanding loan on 4 January, it announced on Wednesday.

21 Oct
Oil rig, oil & gas, drilling
Europa gets one-year extension to Inezgane permit in Morocco

Europa Oil & Gas announced on Wednesday that the Moroccan regulatory body, the Office National des Hydrocarbures et des Mines (ONHYM), has granted a one-year extension to the initial phase of the Inezgane exploration permit, to November 2022.

21 Oct
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Centamin refines 2020 guidance, sees lower production in 2021

Centamin reported gold production of 128,240 ounces from the Sukari Gold Mine in its third quarter on Wednesday, up from 98,045 ounces year-on-year, bringing production for the first nine months to 384,324 ounces, as it refined its 2020 production forecast and projected lower production in 2021.

21 Oct
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Segro rental collection remains strong in fourth quarter

Segro reported “strong” rent collection in its fourth quarter on Wednesday, with UK collection at 85% of total rent billed, which was higher than at the equivalent date in the second and third quarters.

21 Oct
William Hill warns on Covid closures, Segro rental collection strong

London open The FTSE 100 is expected to open eight points higher on Wednesday, having closed up 0. 08% on Tuesday, at 5,889. 22.

20 Oct
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London close: Stocks manage gains amid continued Covid concerns

London stocks closed in positive territory on Tuesday, helped along by a strong showing from the likes of IAG and Rolls-Royce, although ongoing concerns about the coronavirus pandemic and the looming US stimulus deadline meant gains were unspectacular.

20 Oct
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FDA accepts Angle's review submission for Parsortix PC1

Liquid biopsy company Angle announced on Tuesday that the US Food and Drug Administration (FDA) has completed its administrative review, and accepted the company’s submission for substantive review.

20 Oct
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Symphony confirms financing for Eranova algae project

Symphony Environmental Technologies reported further progress on the Eranova green algae project on Tuesday, with completion of a €6m (£5. 49m) financing.

20 Oct
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Escape Hunt buys out Dubai franchisee

Escape room-based leisure operator Escape Hunt has acquired its Middle East master franchise partner, Escape Hunt Entertainment (EHE), subject to the formal registration of the sale, expected on 22 October.