Latest News
JP Morgan trims targets for some UK asset managers, 'underweight' Hargreaves Lansdown
Analysts at JP Morgan trimmed their target prices for three of the UK's largest 'asset gatherers' to reflect "subdued" net flows over the third quarter.
Faron Pharmaceuticals positive on feedback from 'Clevegen' monitoring committee
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced feedback from the ‘MATINS’ study data monitoring committee on Wednesday, from the ongoing dose escalation study from part 1 of the MATINS trial.
CK Asset Holdings shareholders back Greene King takeover
Shareholders of Hong Kong’s CK Asset Holdings have approved its £2. 7bn takeover of London-listed pub chain Greene King.
Europe midday: Markets higher on renewed US-China trade optimism
European stocks were higher at lunchtime on Wednesday after positive news for Sino-US trade relations, while the chairman of the US Federal Reserve indicated an openness to further interest rate cuts.
Erris Resources confirms mineralisation potential on new Norwegian permits
Erris Resources on Wednesday said it has confirmed mineralisation potential at gold projects covered by four new exploration permits in Northern Norway.
UK financial system can weather no-deal Brexit, despite 'material' risks - BoE
The Bank of England believes there are “material” economic risks involved in a no-deal Brexit – but that British banks are strong enough to withstand the shock.
US pre-open: Futures point to small gains as China opens up to partial trade agreement
US futures had stocks opening higher on Wednesday after reports circulated that Beijing was open to a partial trade deal with Washington.
Wednesday broker round-up
Volution Group: Peel Hunt upgrades to buy with a target price of 200p.
Investors mull impact of US Democrats win in 2020 elections
A Democratic victory in the next US presidential elections could turn into a 'big headache' for the oil majors on both sides of the Atlantic, analysts at Berenberg said.
Scapa profits take a hit from loss of ConvaTec contract
Tapes and adhesives manufacturer Scapa expects interim profits to be impacted by the loss of its contract with ConvaTec but said revenues still looked set to grow on the back of a strong performance in its healthcare unit.
London midday: Stocks rise amid renewed trade deal optimism
London stocks had gained ground by midday on Wednesday amid signs of progress ahead of this week’s Sino-US trade talks.
Wonga customers face massive hit to payouts
Customers of payday lender Wonga who were mis-sold loans may only get back a fraction of the payout they are owed.
Pound spikes briefly higher on latest Brexit twist
The pound was once against buffeted by the ongoing twists in the Brexit negotiations on Wednesday, bouncing back from five-week lows before retreating once again.
Asia report: Markets end mixed ahead of US-China talks
Markets in Asia finished in a mixed state on Wednesday, as concern around the state of trade relations between the United States and China continued to escalate.
China urges US to scrap blacklist ahead of trade talks
China has “strongly urged” the US government to remove Chinese firms from its blacklist and to stop accusing them of breaching human rights laws ahead of trade negotiations scheduled for over the coming week.
UNICEF launches crypto fund to receive ether and bitcoin donations
UNICEF announced on Tuesday that it will now be able to receive, hold and disburse donations of cryptocurrencies ether and bitcoin through its newly-established UNICEF Cryptocurrency Fund.
Alpha FMC performs well, continues to monitor market uncertainties
Asset and wealth management consultancy Alpha Financial Markets Consulting said it had "performed well" in the six months ended 30 September, and said it looked forward to further progress in the second half of the year despite continuing to monitor the uncertainty in global political and economic environments.
Columbus Energy gears up for carbon dioxide injection pilot
Trinidad and Suriname-focussed oil and gas producer Columbus Energy Resources updated the market on the Inniss-Trinity incremental production service contract on Wednesday.
Versarien partners with Insertec in refractory products project
Versarien on Wednesday signed a collaboration agreement to test a new application for its Hexotene material with Spanish furnace and refractory products manufacturer Insertec.
Falcon upbeat on spudding of well at Kyalla Formation
Falcon Oil & Gas announced the spudding of the Kyalla 117 N2-1 appraisal well in the Beetaloo Sub-Basin, Australia on Wednesday, which was the first well in the stage 2 drilling programme to target the Kyalla shale liquids-rich gas play.