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Enteq revenues soar in second half
Oilfield services group Enteq Upstream expects revenue and underlying earnings from its soon to be wrapped up trading year to be "materially ahead of expectations".
CyanConnode gets follow-on order from Indian utility
Mesh networks specialist CyanConnode Holdings has received a follow-on order from Larsen & Toubro (L&T) for the Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company (MPWZ), worth around $0. 48m, it announced on Wednesday.
Lloyds delivers bumper payout as PPI charges fall
Lloyds Banking Group lifted its dividend 5% and proposed a £1. 75bn share buyback after a year of "strong strategic and financial delivery".
Sales fall at Laura Ashley as it clears long-term debt
Laura Ashley Holdings issued its interim results for the 26 weeks ended 31 December on Wednesday, reporting a fall in total group sales to £122. 9m from £134. 7m year-on-year.
Impellam to demerge Carlisle Support Services subsidiary
Impellam Group announced a demerger of its wholly owned subsidiary, Carlisle Support Services Group, as the next step in driving margin and EBITDA growth by focusing on its collaborative managed services and specialist staffing portfolio on Wednesday.
Wednesday newspaper round-up: Brexit, outsourcing, Barclays, hotels
Theresa May will present the EU with new legal proposals to solve the Irish backstop issue on Wednesday, which Downing Street hopes will be enough to convince Eurosceptics to back her Brexit deal. The chancellor, Philip Hammond, confirmed late on Tuesday that the government no longer intended to pursue alternative arrangements for the backstop in the withdrawal agreement, which had been championed by cross-factional MPs including Eurosceptic Steve Baker and soft Brexiter Nicky Morgan.
Corbyn shaken as 8th MP quits to join Independent Group
Labour leader Jeremy Corbyn's grip on his party was shaken on Tuesday as an eighth MP resigned in protest over failure to deal with antisemitism.
Watchdog leans towards blocking Sainsbury-Asda merger
The UK competition watchdog has "extensive" concerns over the proposed £13bn merger between Sainsbury's and Asda, warning of the potential for pushing up prices and reducing ranges in hundreds of local areas.
US carrier Mesa involved in fresh bid for Flybe
US-based regional airline Mesa Air Group is involved a bid to save struggling British carrier Flybe, it was revealed on Wednesday morning.
Glencore to cap coal production as full year earnings rise
Glencore said full year adjusted earnings increased 8% to $15. 8bn as it announced plans for a $2bn share buyback and a cap on coal production in response to pressure for action on climate change.
Intu earnings fall after tough year
Intu Properties reported a fall in earnings in its audited results for 2018 on Wednesday, with the underlying figure dropping to £193. 1m from £201m in the prior year.
Gooch & Housego shares tank as demand declines
Photonics manufacturer Gooch & Housego warned investors on Tuesday that it had seen a downturn in demand for its products in the first four months of its trading year.
Lower silver prices take the shine off Hochschild
Full year profits at Hochschild Mining slumped as declining silver prices took the shine off above-forecast production.
1Spatial expands customer relationship with new £1m contract win
1Spatial on Wednesday won a contract with a value of over £1m to provide its software and services to an existing customer.
Castleton Technologies acquires Indian business
Software and services provider Castleton Technology has snapped up the firm previously known as CarbonNV InfoLogic India for a total consideration of £350,000.
IMImobile names Bruce Bales as North American CEO
Cloud communications software provider IMImobile appointed industry veteran Bruce Bales to take on the role of North American chief executive on Wednesday.
London open: Stocks rise but Sainsbury's tanks on merger woes
London stocks rose in early trade on Wednesday, buoyed by some solid results from Lloyds, as investors eyed developments from Prime Minister Theresa May's latest Brexit mission to Brussels and the release of the latest Federal Reserve minutes.
Tritax completes investment in massive db Symmetry portfolio
Tritax Big Box REIT has completed the acquisition of an 87% interest in db Symmetry, it confirmed on Wednesday, on the terms it set out on 25 January.
CLS buys Aldgate property for £53.9m
CLS Holdings has exchanged contracts to acquire 9 Prescot Street, London E1 for £53. 85m excluding costs, it announced on Wednesday.
Indivior to release generic version of opioid drug after losing court battle
Indivior said it was releasing an authorised generic version of its Suboxone opiod addiction treatment in the US after losing a court bid to stop a copycat version made by India-based rival Dr. Reddy’s Laboratories.