Latest News
KCR Residential acquires a further retirement apartment
KCR Residential announced on Wednesday that its wholly-owned subsidiary, K&C Osprey, has acquired a further apartment within one of its freehold retirement residential developments.
Lonmin confirms it now owns 100pc of Pandora venture
Lonmin announced the completion of the acquisition of Anglo American Platinum's 42. 5% interest in the Pandora joint venture on Wednesday, as well as Mvelaphanda Resources’ 7. 5% interest.
3i Infrastructure to sell stake in Finnish power company Elenia
3i Infrastructure has agreed to sell its stake in Finnish power company Elenia and a complementary district heating business to a consortium comprising Allianz Capital Partners, Macquarie Infrastructure and the State Pension Fund of Finland.
SigmaRoc acquires Poundfield Products in £10m deal
Buy-and-build construction materials group SigmaRoc has entered into a conditional agreement to acquire Poundfield Products Group, a UK-based group of businesses specialising in patented concrete products and systems, for a total consideration of £10. 25m, it announced on Wednesday.
1pm subsidiary buys motor finance brokerage CarFinance2U
AIM-listed specialist provider of finance facilities to the SME sector, 1pm, said on Wednesday that its subsidiary Academy Leasing has bought Wirral-based motor finance brokerage, CarFinance2U.
Chariot spends year investing amid low-cost oil environment
Atlantic margins-focussed oil and gas exploration company Chariot Oil & Gas updated the market on its operations on Wednesday, prior to its 31 December year-end.
Tech firms to be liable for extremist, abusive content on their platforms.
Theresa May has said that that the government will force tech firms such as Facebook and Twitter to remove extremist content from their platforms quickly or face fines.
Europe midday: Italian elections in focus
Stocks are little changed overall ahead of the US central bank's policy announcement later on Wednesday, but not in Italy, where investors are reacting poorly to reports that general elections will likely be held in March 2018.
Sports Direct shareholders reject John Ashley payout
Sports Direct shareholders have rejected the company's proposed £11m payout to founder Mike Ashley's brother for his work as an IT expert.
Tillerson says US is ready for talks with North Korea
US Secretary of State Rex Tillerson has said the United States is open to communication with North Korea 'without preconditions'.
Avanti Communications proposes debt-for-equity swap
Avanti Communications, the satellite services provider, has reached agreement with its major shareholder and most of its bondholders to restructure its $557m debts via a debt-for-equity swap.
Wednesday broker round-up
Berkeley: Jefferies downgrades to Hold with a target price of 4124p.
Republican candidate Moore defeated in Alabama in major blow to Trump
Donald Trump was dealt a major blow on Tuesday after Republican candidate Roy Moore was defeated by Democrat rival Doug Jones in a senate election in the GOP stronghold of Alabama.
Care facilities subject of TV investigation, Cambian confirms
Cambian Group issued an update to the market on Wednesday, reporting that on 10 November, it received a letter from an independent television production company informing it of its intention to broadcast a current affairs programme that will include undercover video footage at a number of care facilities managed by independent providers, three of which are operated by Cambian.
Idox warns on profits after revenue recognition hitch, CEO on sick leave
Idox warned that annual profits will be lower than it previously indicated due to trouble over revenue recognition, which has been complicated by the sudden absence of its chief executive due to illness.
London midday: Stocks steady after mixed jobs data, ahead of Fed announcement
London stocks were steady by midday on Wednesday as investors digested some mixed UK jobs data and looked ahead to the latest policy announcement from the Federal Reserve.
Hikma launches migraine injection treatment
Hikma Pharmaceuticals has launched its own version of an acute injected treatment for migraine headaches, dihydroergotamine mesylate. West-Ward's Dihydroergotamine Mesylate Injection, USP is indicated for the acute treatment of migraine headaches with or without aura and the acute treatment of cluster headache episodes. According to IMS Health, US sales of Dihydroergotamine Mesylate Injection, USP were approximately $34. 8 million in the 12 months ending October 2017.
Brexit: Theresa May could be facing defeat over withdrawal bill
The British government is facing a rebellion in parliament after MPs requested an amendment calling for a “meaningful vote" on the Brexit deal before it is made final.
US pre-open: Stocks seen flat as investors eye Fed announcement
US futures pointed to a muted open on Wall Street on Wednesday as investors eyed the latest policy announcement and economic projections from the Federal Reserve.
Zotefoams to provide footwear foams exclusively to Nike
Zotefoams has entered into a strategic partnership with Nike, it announced on Wednesday, to develop footwear technology and supply materials for the global footwear, apparel and equipment company.