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IBM shares fall after first-quarter results disappoint
IBM shares fell after profit margins shrank and underlying revenue flatlined in the first quarter, suggesting slow progress in its shift towards more profitable businesses.
Mosman Oil and Gas reports $2m of resources at Welch project
Mosman Oil & Gas announced on Wednesday that it has identified proved reserves of 234,000 gross barrels of oil with a value of roughly $2m at its Welch Permian Basin project in Texas.
Ofcom launches investigations into Russia's RT network
The UK's communications watchdog has launched seven new investigations into Russian international television network RT regarding the due impartiality of its news and current affairs programming.
Europe midday: Shares off lows on US corporate results, but some analysts cautious
Stocks are moving off their lows of the session helped by positive corporate results overseas, despite further weak prints on levels of economic activity in the euro area.
IG Design margins improve with record European performance
Giftware firm IG Design improved both gross and net margins in its most recent trading year, leading the group to project a full year of "overall progress and financial performance" as it had expected.
Relx reaffirms full-year outlook
Relx, formerly Reed Elsevier, reaffirmed its outlook for the full year on Wednesday.
US pre-open: Stocks to rise as Morgan Stanley earnings impress; IBM set to slump
US futures pointed to a positive open on Wall Street on Wednesday following solid earnings from banking giant Morgan Stanley.
Hunting's revenues hold steady across first quarter
After a good start to the year in North America, energy services group Hunting saw full year results for 2018 reaching the upper half of previous guidance.
London midday: Stocks up, pound down as inflation data casts doubt over BoE hike
London stocks extended gains by midday on Wednesday as the pound took a hit from the latest round of inflation data, which raised doubts over a rate hike by the Bank of England next month.
De La Rue remains 'cautious' after losing UK passport tender
British banknote manufacturer De La Rue told investors to expect a 6% increase in revenues from its recently ended trading year but remained "cautious" about its outturn for 2018 after losing Britain's passport tender back in March.
London house prices register first annual fall since 2009
London property prices have registered their first year-on-year fall since 2009 when the economy was in recession after the financial crisis.
UK inflation falls faster than expected, sending pound tumbling
UK inflation has fallen more than expected to its lowest level in a year, casting doubt over whether the Bank of England will hike interest rates at all this year.
Newmark Security subsidiary extends long-standing contract with retail bank
Security solutions group Newmark Security saw its wholly-owned subsidiary Safetell Limited receive a contract extension from a UK branch network of a worldwide retail banking firm.
Tritax BigBox proposes placing to fund acquisition pipeline
FTSE 250-listed real estate investment trust Tritax Big Box has proposed a non pre-emptive placing to its institutional investors of more than 109m new ordinary shares in order to fund its acquisition pipeline and asset management initiatives.
N4 Pharma firms up details for erectile dysfunction drug trial
Specialist pharmaceutical company N4 Pharma announced on Wednesday that it has commenced a proof of concept clinical trial for its lead product, erectile dysfuncion drug sildenafil.
Dignity surges as premium funerals prove more popular than thought
Shares in Dignity surged on Wednesday after the funeral services provider said full-year results are likely to be ahead of current market expectations despite volatility, as more people than initially thought went for its premium funeral packages.
CYBG to operate below guidance as PPI costs escalate
CYBG announced on Wednesday that it expects to increase its provisions for legacy PPI costs as at 31 March by £350m, with the provision amount subject to the finalisation of its half year results for the six months ended 31 March.
Eurozone inflation rises less than expected in March
Consumer prices in the eurozone rose more slowly than initially thought in March, according to the latest data from Eurostat.
US considers restrictions Chinese tech companies
US trade representatives are considering retaliations against Chinese restrictions on overseas companies operating in high-tech sectors, potentially sparking a new trade skirmish between the superpowers.
All Brexit scenarios likely to leave Britain worse off, report says
Each of the four Brexit scenarios under consideration by the government would leave Britain worse off and cost hundreds of millions of pounds a week, according to a report.