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Glencore surprises with larger dividend but bumper profits disappoint
Glencore declared a $2. 9bn dividend to be paid out in two equal instalments in 2018 as the commodities giant's much-improved balance sheet left it feeling more confident about the future.
CBI boss dismisses 'false choice' between EU and global trade
Britain’s relationship with Europe supports trade with the rest of the world and those who say the UK must decide between the two options present a false choice, the head of the CBI will tell business leaders.
Treasury committee launches cryptocurrency inquiry
The Treasury committee has launched an inquiry into cryptocurrencies and distributed ledgers such as blockchain amid continuing debate about the dangers and opportunities presented by the technologies.
Broker tips: InterContinental Hotels, Dunelm
Credit Suisse cut its price target on InterContinental Hotels Group to 5,500p from 5,800p, keeping the rating at 'outperform', following the company’s full-year results, saying its target price reduction was mostly down to FX, with the balance due to higher cash outflows.
Flowgroup shares sink on short-term funding announcement
Gas and electricity supplier Flowgroup took on £5m of short-term funding from its loan-note holders, Palm Ventures and Lombard Odier Asset Management on Wednesday, and said that it was considering more long-term financing options as the energy sector continued to become more competitive.
Falcon Oil & Gas partner identifies potential in Australian shale project
Falcon Oil & Gas’s partner company Origin Energy presented a technical paper outlining the potential of the duo’s projects in the Australian Beetaloo sub-basin area.
Collagen Solutions shares shoot up after clinical trial success
Collagen Solutions’ share prices jumped almost 20% on Wednesday after the company reported a positive outcome from its latest clinical study.
Market buzz: Carney's inflation chat sends pound higher
1645: After starting in the red, the FTSE 100 has steadily strengthened as the session wore on. It finished at 7,281. 57, up 34. 8 points or 0. 48%. Here's a closing comment from market analyst Joshua Mahony at IG. "With a morning’s worth of disappointing eurozone PMI surveys, we have seen Carney’s inflation report testimony drag EURGBP lower despite today’s jump in UK unemployment. While Carney’s expectation of three rate rises over the next three years will grab the headlines, the fact that the bank aims to be ‘nimble’ given Brexit uncertainty points towards a strong chance we may never see all three hikes materialise should a preferential deal not be achieved.
London close: FTSE ends up as Lloyds, Glencore rally; pound slips on jobs data
London stocks reversed earlier losses to end Wednesday's session higher, helped along by well-received results from the likes of Lloyds and Glencore, as the pound slipped following an uptick in the UK unemployment rate.
Avingtrans subsidiary lands largest ever contract with Korean energy supplier
Avingtrans announced on Wednesday that its subsidiary company Hayward Tyler has won a $6. 7m contract with a leading South Korean energy supplier.
US open: Stocks start on front foot ahead of FOMC minutes
Wall Street stocks rebounded on Wednesday, with the mood lifted by a pair of positive business surveys ahead of the release of the minutes from the latest Federal Reserve policy meeting.
Pathfinder Minerals shares drop amid Mozambique legal battle
Pathfinder Minerals provided an update on Wednesday on its battle to recover control of areas in Mozambique that were previously licenced to it.
Director dealings: Coca-Cola man cans £1.2m of shares
Jan Gustavsson, general counsel and company secretary of beverage bottler Coca-Cola HBC, has disposed of more than £1. 2m of shares.
Thursday preview: Barclays, Centrica, Playtech and Serco results in focus
Continuing the series of banks reporting this week, Barclays results on Thursday come alongside those from Anglo American, BAE Systems, British American Tobacco, Centrica, Playtech, RSA Insurance and Serco.
Alexander Mining signs partnership agreement with Proses
Alexander Mining announced on Wednesday that it has executed a commercial and technical partnership agreement with Turkish specialist mineral processing consulting company Proses.
SkinBioTherapeutics losses widen as it spends more on R&D
Life sciences company SkinBioTherapeutics announced its half year results for the six months ended 31 December on Wednesday, reporting “significant progress” in developing the SkinBiotix technology, and a successful initial scale-up of lysate manufacture.
May to ask EU for extended Brexit implementation phase
The UK wants to extend the Brexit transition period to the European Union, according to reports on Wednesday.
EVR Holdings enters multi-year agreement with music publishing giant
Virtual reality music content creator EVR Holdings announced on Wednesday that its subsidiary MelodyVR has entered into a multi-year agreement with Warner/Chappell Music.
Fidessa agrees to £1.4bn takeover by Switzerland's Temenos
Fidessa was flying high again on Wednesday as it agreed to a £1. 4bn takeover by Swiss banking software company Temenos a day after confirming that the two were in talks.
US business activity grows more than expected in February - IHS Markit
Activity in the US manufacturing and services industries grew more than expected in February, according to preliminary data released on Wednesday.