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US open: Slightly firmer open on the Street ahead of latest Fed policy announcement
Stocks on Wall Street kicked off the day slightly firmer on Wednesday as investors awaited the latest policy announcement from the Federal Reserve and waited for further clues on the path of rate hikes this year.
LMS Capital awaiting more details on sale of Penguin Computing shares
LMS Capital announced on Wednesday that it has been informed by the general partner of San Francisco Equity Partners Fund 1 (SFEP 1) that the fund has received proceeds from the sale of its investment in Penguin Computing, and that the transaction giving rise to those proceeds also included the sale of the LMS’ co-investment in Penguin.
Director dealings: Boohoo CFO takes Barclays's advice, sells 1.55m shares
Neil Catto, chief financial officer of online fashion retailer Boohoo, disposed of 1. 55m ordinary shares in the AIM-quoted firm following a downgrade to the company's stock by analysts at Barclays.
Berkeley Energia pleased with Global X sell-down
Berkeley Energia has been informed by Global X that it had completed the rebalancing of its holding in Berkeley by selling around 17 million shares via a private placement.
Inditex rolls out new high-tech amid positive Q1 results
Spanish fashion retailer Inditex is reaping the benefits of its recent investments in technologies to boost the efficiency of its online and physical stores.
GNC products to arrive on Aussie shores via Rapid Nutrition storefront
Natural healthcare company Rapid Nutrition has opened its first health food store in Sydney, Australia as part its previously-announced exclusive agreement with GNC Holdings to market, sell and distribute GNC products in Australia through multiple channels, it announced on Wednesday.
Verseon frees up cash by mortgaging California headquarters
Technology-based pharmaceutical company Verseon announced on Wednesday that its wholly-owned subsidiary, VRH1, has closed a $22. 7m financing with MCREIF SubREIT, secured on its custom-built research, development, and operations facility in Fremont, California.
Strategic Minerals begins technical assessment at Leigh Creek
Strategic Minerals has commenced the technical assessment of the Leigh Creek Copper Mine, it announced on Wednesday, with the formation of “a highly experienced” study team.
ADES completes acquisition of three Nabors rigs
Offshore and onshore oil and gas drilling and production services provider ADES International announced on Wednesday that, following its initial announcement in December, it has completed the acquisition of three operating offshore jack-up rigs in the Arabian Gulf from subsidiaries of Nabors Industries.
Europe midday: Trade tensions simmer ahead of Fed, ECB
Stocks on the Continent are holding slightly higher as investors wait on the result of the US central bank's policy meeting on Wednesday evening, with the European Central Bank's own policy meeting set for the next day.
Deliveroo parks bikes on Just Eat's lawn with expansion plans
Deliveroo is planning to expand in the UK this year by signing up 5,000 restaurants and takeaway outlets to its platform with a new ‘Marketplace+’ feature that serves as a direct challenge to Just Eat.
Market buzz: Inflation unmoved, Dixons and Just Eat stumble
1452: Responding to a Wall Street Journal article from Monday, medical devices maker Stryker says it's not in discussions with Boston Scientific about a potential acquisition.
FTSE 250 movers: Stobart soars on Ryanair deal; Dixons down in the dumps
London's FTSE 250 was up 0. 2% to 21,289. 37 in afternoon trade on Wednesday as investors mulled over the latest UK inflation data.
4D pharma gets European approval for next Blautix study
Pharmaceutical company 4D pharma has received clearance from the Medicines and Healthcare Products Regulatory Agency (MHRA) and the Health Products Regulatory Authority (HPRA) to commence the Phase II study of ‘Blautix’, it announced on Wednesday.
Tharisa takes sizeable chunk of Karo Mining in $4.5m deal
Tharisa has acquired a 26. 8% shareholding in Karo Mining Holdings for a total cash consideration of $4. 5m from the Leto Settlement, it announced on Wednesday.
Bank of Ireland looks to slash costs amid growth phase
Bank of Ireland Group outlined its strategic plan focussed on “growth and transformation” an an investor day in London on Wednesday, with the company saying it expected loan book growth of around 20% by 2021.
CMA raises concerns about Ebiquity-Nielsen deal
The Competition and Markets Authority has raised concerns about media and marketing consultancy Ebiquity's proposed sale of its advertising intelligence division to Nielsen.
Tern sees no reason for share price rise
AIM-listed Internet of Things investment group Tern noted the recent rise in its share price on Wednesday, confirming that it knows of no reason for the move, "save for the ongoing developments and collaborations previously announced".
WPP reports trading uptick as board faces questions about Sorrell
WPP reported a slight improvement in business as the board of the world’s biggest advertising group faced questions from shareholders about the departure of founder Martin Sorrell.
Connect Group warns on profits, announces CEO and CFO exit
Connect Group tumbled on Wednesday as the company "materially" reduced its full-year pre-tax profit expectations following an "extremely disappointing" performance since its interim results in May, and announced the departure of its chief executive and chief financial officers.