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London midday: Stocks maintain small losses as inflation holds steady
London stocks were still a touch lower by midday on Wednesday as investors mulled the latest UK inflation figures, amid renewed concerns about Sino-US trade relations.
Koovs confident for 2020 despite prior year sales drop
Indian fashion retailer Koovs has predicted “significant” growth for its 2020 financial year after a strong showing in the first quarter.
WTO rules against US in pre-trade war dispute with China
The World Trade Organization said some US tariffs on Chinese goods do not comply with its rules and that it will authorise retaliatory sanctions.
UK inflation holds steady in June
UK inflation held steady in June, as falls in the cost of petrol and energy were offset by clothing and food, official data showed on Wednesday.
Maxcyte continues to build on 'substantial momentum'
Clinical-stage life sciences company Maxcyte continued to build upon its "substantial momentum" during the first half of its trading year, putting it firmly in line with expectations for the full year.
Mirada's shares soar following Netflix integration
Mirada's shares leapt on Wednesday after it confirmed the integration of streaming giant Netflix within its Iris multiscreen product.
US close: Stocks drop as second quarter earnings continue to roll in
US stocks closed lower on Tuesday following some key second-quarter bank earnings.
Nichols interim profit and revenue rise, dividend hiked
Vimto maker Nichols reported a rise in interim revenue and profit on Wednesday thanks to growth in the UK and international markets, as it announced the departure of its chief financial officer.
Europe open: Stocks unchanged as Washington and Beijing dig in for long talks
Stocks across the Continent were little changed in early trading, recovering from an early dip on the back of possible signs that Washington and Beijing might be digging in for a protracted stand-off.
Johnson Matthey anticipates lower profits from clean air division
Johnson Matthey on Wednesday reiterated its full year guidance of mid to high single digit growth but warned that profits from its clean air division are set to fall due to higher than expected costs.
Telit Communications improves profitability in first half
Internet of Things enabler Telit Communications traded in line with expectations throughout the first six months of the trading year, putting it on course to continue doing so for the full year.
Versarien revenues remain steady as it works to secure partners
Engineering materials group Versarien reported “steady” group revenues in its preliminary results on Wednesday, at £9. 14m, compared to £9. 02m in the prior financial year.
Cyanconnode narrows losses despite Indian elections slowing tenders
Narrowband radio frequency specialist Cyanconnode narrowed operating losses in the first half of its trading year despite a decreased level of new tenders being awarded as a result of the recent Indian general elections.
Itaconix narrows losses as demand for proprietary polymers grows
Polymers developer Itaconix narrowed losses as it saw revenues improve during the first half of its trading year after demand for the company's proprietary detergent, odour control and hairstyling polymers continued to grow.
Euromoney's revenue creeps higher despite asset management challenges
Euromoney Institutional Investor on Wednesday said trading remains in line with expectations after a strong third quarter performance from its pricing, data & market intelligence and banking & finance segments was partially offset by challenges in asset management.
BT to sell global HQ for £209.6m
BT has agreed to sell its global headquarters, BT Centre, to a fund managed by European private equity firm Orion Capital Managers for £209. 55m.
Westminster Group successfully begins scanning operations at Tema port
Managed services provider Westminster Group updated the market on its operations at the new Tema Container Port in Ghana on Wednesday, a $1. 5bn investment project by Meridian Port Services to expand the port's capacity from to more than 3. 5 million 20-foot container equivalent units (TEU) per annum from one million.
Town Centre Securities keeps head above water in tough retail market
Property investor and car park operator Town Centre Securities ended its year in line with its expectations, it said in a trading update on Wednesday.
Arbuthnot profit improves as loans and deposits both rise
Arbuthnot Banking Group announced a half yearly profit before tax of £2. 9m on Wednesday, rising from the £1. 2m it reported in the prior year.
Augean lifts full-year expectations as landfill tax clash continues
Waste management company Augean reported adjusted revenue before landfill tax of £44. 2m for its first-half on Wednesday, rising 40% year-on-year.