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Everyman reports record annual sales
Cinema operator Everyman Media Group reported record group sales for the year ended 2 January on Wednesday thanks to an increased market share and higher average ticket prices.
US final demand prices rise slightly less than forecast in December
Producer prices in the States rose a tad less quickly than anticipated last month due to the drag from trade services prices.
IAG lodges complaint with EU over Flybe rescue
British Airways owner IAG has complained to the European Union about the UK government’s decision to rescue struggling regional carrier Flybe.
Goldman Sachs profits hurt by weak investment banking performance
US banking giant Goldman Sachs fell short of estimates on Wednesday as the group reported that quarterly profits had been hurt by weakness in its investment banking arm and higher operating costs.
Goldman adds Capita to 'Conviction List', hikes price target
Goldman Sachs reiterated its ‘buy’ rating on shares of outsourcer Capita on Wednesday as it hiked the price target to 240p from 200p and added the stock to its 'Conviction List'.
Ashmore's assets under management grow $6.5bn in Q2
Asset manager Ashmore Group said on Wednesday that assets under management increased $6. 5bn in the three months ended 31 December 2019, reflecting net inflows of $3. 3bn and an investment performance of $3. 2bn.
Europe midday: Stocks dip, international trade talks in the spotlight
Stocks on the Continent were trading slightly lower on Wednesday as investors sat on their hands ahead of the signing of the US-China trade deal scheduled for later in the day.
Iran threatens US and EU for military presence in the Middle East
Iran’s President Hassan Rouhani made a veiled threat to the US and the European Union on local TV on Wednesday, blaming them for what he said were their multiple failures in upholding the 2015 nuclear agreement and because of their military presence in the Middle East.
Debt rises sharply among lower income UK households - Resolution Foundation
Low-income households have seen a sharp rise in their debt since the financial crisis and could be too exposed to financial shocks, warned the Resolution Foundation in a new report on Wednesday.
US pre-open: Futures point to flat session ahead of trade deal signing
US futures were pointing to a broadly flat open on Wednesday as investors awaited the signing of Washington and Beijing's "phase one" trade agreement.
Berenberg initiates coverage on Talk Talk with damning report, starts at 'sell'
Analysts at Berenberg initiated coverage on telecommunications provider TalkTalk at 'sell' on Wednesday, calling the firm "weak" and "not cheap".
Jeff Bezos to invest $1bn in Indian companies
Jeff Bezos, the billionaire founder of Amazon, has unveiled a $1. 0bn investment to help small Indian businesses digitalise.
Bank of America shares dip after 'low quality' Q4 EPS beat
Bank of America saw sales and profits decline at the end of 2019 despite amid higher expenses and a fall in net interest income.
London midday: Stocks little changed after inflation data; trade deal eyed
London stocks were still little changed by midday on Wednesday as investors mulled the latest UK inflation figures and looked ahead to the signing of the 'phase one' trade deal between the US and China.
Barclays downgrades RBS to 'underweight'
Royal Bank of Scotland was under the cosh on Wednesday after Barclays downgraded its stance on the shares to ‘underweight’ from ‘equalweight’.
Secure Trust trades in line as strategic plan progresses
British retail bank Secure Trust continued to progress its strategic plan during 2019, with strong control over the cost of risk and further investment in its motor platform.
Attraqt sees revenue and earnings grow in line with expectations
Software-as-a-Service platform provider Attraqt Group told investors on Wednesday that both full-year revenues and adjusted underlying earnings for the year ended 31st December 2019 were expected to show growth in line with expectations.
Frontier Developments reports decline in interim revenues
Video games developer and publisher Frontier Developments reported a year-on-year drop in first-half revenues on Wednesday, with its newest title contributing just 26 days-worth of sales before the end of the period.
Ten Entertainment sales grow following re-engineering programme
Tenpin bowling operator Ten Entertainment performed well during the year ended 29 December 2019, achieving a 10. 2% rise in total sales, while like-for-like sales growth came to 8. 0% for the year, marking an eighth consecutive annual increase.