Latest News
Fulcrum's electricity assets unit gets crucial Ofgem licence
Multi-utility infrastructure and services provider Fulcrum Utility Services announced on Wednesday that its operating subsidiary Fulcrum Electricity Assets has been granted an independent distribution network operator (iDNO) licence by the Office of Gas and Electricity Markets - Ofgem.
Craneware starts year well, investors told
Investors in healthcare software and supporting services supplier Craneware were told on Wednesday that the company has experienced a “positive start” to trading in the first four months of the year, as they gathered for the annual general meeting.
GKN lining up China joint venture - report
Engineer GKN is close to setting up a joint venture with Chinese state aerospace manufacturer Comac, according to a report on Wednesday.
Britain's GDP 'may fall £16bn' in Brexit cliff-edge scenario
If Brexit negotiations totally break down, Britain's gross domestic product is likely to fall 2% in the year after due to significant increase in trade disruption even if the government is able to agree a basic trade arrangement.
Indivior a 'buy' for Citi on likely monthly opioid launch
Indivior is likely to gain approval from US regulators for its monthly treatment for opioid addiction, which should eventually lift company sales north of $1bn, said Citigroup on Wednesday as it upgraded the stock to 'buy' from 'neutral'.
Duke Royalty enters advisory agreement with Partners Value Investments
Diversified royalty company Duke Royalty announced a new advisory agreement with Partners Value Investments on Wednesday.
Stadium Group warns on profits as transition progresses slowly
Design-led technology supplier Stadium Group updated the market on its trading in Wednesday, reporting that “significant progress” was continuing to be made in transitioning from a purely electronic assemblies business to a design-led technology business.
GlaxoSmithKline appoints Hal Barron as R&D boss, replacing Vallance
GlaxoSmithKline has appointed Hal Barron - currently president of research & development at Alphabet-funded Calico - as chief scientific officer and president of R&D, replacing Patrick Vallance.
Paul Haworth joins GetBusy as CFO
GetBusy announced on Wednesday that Paul Haworth has joined the company as chief financial officer, initially in a non-board position.
ReNeuron makes solid progress with hRPC trials
Cell-based therapeutics developer ReNeuron Group updated the market on Wednesday on its ongoing Phase I/II clinical trial of its hRPC cell therapy candidate for the blindness-causing disease retinitis pigmentosa.
US pre-open: Stocks seen muted after another record high for the Dow
US futures pointed to a muted open on Wall Street on Wednesday after the Dow notched another record closing high the day before.
Genedrive COO Allan Brown to leave
AIM-listed Genedrive has announced the departure of chief operating officer, Allan Brown, with immediate effect.
Europe midday: Stocks hold lower
European stocks are still trading slighty lower come midday in the wake of weaker-than-expected data on Chinese foreign trade.
Barclays stays at 'underweight' on Rolls Royce
Analysts at Barclays have hiked their target price for shares of Rolls Royce but take issue with the current 5% free cash flow yield the stock is trading on, telling clients the market is using a peak level to calculate the company's future cash flows as a reference.
Rio Tinto eyeing £4bn stake in Chilean lithium producer - reports
Rio Tinto is said to be mulling the acquisition of a $5bn (£3. 8bn) stake in a Chilean lithium producer as demand for the metal surges due to its use in electric car batteries.
Snoozebox appoints administrators
Snoozebox has appointed administrators after discussions with its primary lender failed to bear fruit.
Asia report: Markets mixed as investors struggle for direction
Asian markets finished mixed but little changed on Wednesday, with investors struggling for direction after a similarly mixed session on Wall Street overnight.
Snap plans major Snapchat redesign as losses widen, Tencent buys stake
Snapchat parent company Snap announced that it was working on an overhaul of the popular photo and video messaging application after it reported losses of more than $400m in its last trading quarter.
Wednesday broker round-up
AB Foods: Goldman Sachs downgrades to Neutral with a target price of 3400p.
Chinese export volumes cool in October amid holidays, EM slowdown
Both inbound and outbound trade from China cooled last month, but some economists are confident that any slowdown will be modest despite a loss of momentum in other emerging markets.