Latest News
UN expert calls out Tory policies that led to 'systematic' UK poverty
UN poverty expert Philip Alston said in a report that the "ideological" cuts to public services in the UK since 2010 have led to "tragic consequences" and continue “largely unabated”.
Avon surges as it confirms advanced talks with Brazil's Natura
US beauty company Avon Products confirmed on Wednesday that is in advanced discussions with Brazil’s Natura & Co regarding a potential all-stock transaction.
Boku enters two new partnerships as it continues to trade in line
Mobile carrier payments provider Boku announced two new partnerships on Wednesday, and updated the market on its trading, first confirming a new integration with Grab Holdings’ ‘GrabPay’ solution.
Greatland Gold upbeat on fresh activity in Paterson region
Precious and base metals exploration and development company Greatland Gold made two announcements on Wednesday, confirming that it expected to commence a detailed, low level aeromagnetic survey over the entire Paterson Range East licence in early June, and reporting that Newcrest Operations had started drilling at its Havieron gold-copper project in the Paterson region of Western Australia.
UBS ups rating on Moneysupermarket
UBS has upgraded its rating on Moneysupermarket Group and boosted earnings forecasts, arguing that the price comparison site is gearing up to enter a “virtuous circle”.
Government to ban plastic straws, stirrers and cotton buds in England
In the latest move to fight ocean pollution, the UK government will introduce a ban on certain single use plastic items next year.
US judge rules against Qualcomm in antitrust probe
A US judge has ruled that tech giant Qualcomm unlawfully suppressed competition in the market for mobile phone chips, and has ordered it to renegotiate contracts.
Bovis Homes sales tick higher as demand builds
Housebuilder Bovis Homes detailed its "strong" year-to-date performance on Wednesday, driven by an uptick in its sales on the back of "good" levels of demand for new homes.
Trade war resolution looks distant as Xi calls for 'new Long March'
Chinese President Xi Jinping called on his nation's citizens to join him on a "new Long March" on Wednesday, a possible indication that Beijing could be preparing for its trade dispute with Washington to last for an extended period.
Canaccord reiterates 'buy' rating on IQE following Huawei's US ban
Analysts at Canaccord Genuity reiterated their 'buy' rating on British semiconductor company IQE on Wednesday, noting that their expectations for the group's revenues and earnings remained unchanged despite supply chain tremors caused by last week's US ban on Huawei and Tuesday's profit warning from Lumentum.
Fernando Alonso to consult on Codemasters' new GRID game
Videogame developer Codemasters on Wednesday signed Former F1 World Champion Fernando Alonso as a race consultant and confirmed the driver will appear in the latest instalment of its GRID franchise.
Target first-quarter earnings and sales top estimates
US retailer Target topped estimates with its first-quarter earnings and sales on Wednesday, welcoming more customers to its brick and mortar locations and enticing them to part with more cash.
Wednesday broker round-up
Moneysupermarket Group: UBS upgrades to buy with a target price of 415p.
Europe midday: Stocks slip as US-China trade tensions simmer
Stocks are trading slightly lower come midday as investors continue monitor the headlines around the ongoing trade war between the US and China and keep an eye on the news flow on Brexit.
Babcock says FY20 operating profit to drop by £63m
Babcock posted a drop in full-year profit on Wednesday as the defence contractor said operating profit for the financial year ahead is set to decline by around £63m, due in part to contract step-downs.
Diageo backs guidance for organic net sales growth
Drinks giant Diageo has backed its guidance to deliver organic net sales growth towards the upper end of its mid-single digit range on Wednesday.
Asia report: Markets mixed as trade tensions between US and China continue
Markets in Asia finished in a mixed state on Wednesday, as trade tensions between the US and China remained taut, even after Washington granted Huawei a temporary reprieve from potentially crippling trade restrictions.
Live Company scores BrickLive merchandising agreement
Live Company Group on Wednesday entered into a licensing and merchandising agreement with Licensing Management International Limited.
U&I blames Brexit delays for reduced target
U&I reduced its target for trading gains for this year, blaming Brexit uncertainty for delayed investment decisions.
Pret A Manger to buy Eat as it looks to expand veggie outlets
Sandwich chain Pret A Manger has agreed to buy rival Eat for an undisclosed sum as it looks to cater to the growing trend for plant-based foods.