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PayPoint shakes up boardroom with new CEO, chairman
Payment services group PayPoint appointed chairman Nick Wiles as chief executive on Wednesday, two months after the company put its search for a new boss on hold.
Faron Pharmaceuticals confirms publication of 'crucial' study
Clinical-stage biopharmaceutical company Faron Pharmaceuticals announced on Wednesday that the results of its detailed analyses into the effects of glucocorticoids on intravenous interferon beta-1a activity, which arose following the ‘INTEREST’ trial in 2018, had been published in critical care journal Intensive Care Medicine.
SDX Energy confident in position amid 'dynamic' market
SDX Energy reported net revenue of $16m (£13. 05m) in its first quarter results on Wednesday, rising from $12. 7m year-on-year.
Rolls-Royce to cut at least 9,000 jobs
Rolls-Royce intends to cut at least 9,000 jobs as part of a plan to save more than £1. 3bn a year in response to the "unprecedented" impact of the Covid-19 crisis on the aviation industry.
Arix portfolio firm Amplyx extends its series C funding
Venture capital company Arix Bioscience noted on Wednesday that its portfolio company, Amplyx Pharmaceuticals, has closed a $53m (£43. 22m) series C extension.
Jersey Oil & Gas takes operatorship of licence P2170
Jersey Oil & Gas has completed the transaction to acquire operatorship of, and a 70% working interest in, licence P2170, containing blocks 20/5b and 21/1d, from Equinor UK, it announced on Wednesday.
Avacta signs Covid-19 test distribution deal with Boohoo founders
Avacta Group has entered into an exclusive distribution agreement with Medusa19 for direct-to-consumer sales of a saliva-based rapid test for the Covid-19 antigen, it announced on Wednesday.
Vistry says lockdown performance better than expected
Housebuilder Vistry said on Wednesday that its performance during lockdown has been better than initially expected in terms of reservations, completions and cash management.
Playtech Q1 boosted by financials division
Gambling software company Playtech said on Wednesday that it has performed better in the first quarter than it was expecting at the time of its trading update in March, driven by a strong performance from its financials division, TradeTech.
Severn Trent ups dividend despite Covid-19 impact
Severn Trent increased its final dividend despite Covid-19's impact on rising bad debts and joint venture losses at the water and waste company.
Covid adjustments take TBC Bank into loss for first quarter
TBC Bank reported a first quarter profit of GEL 152. 4m (£38. 66m) before the impact of the Covid-19 coronavirus pandemic on Wednesday, up from GEL 133. 3m year-on-year.
Great Portland Estates confident in position, will pay final divi
Great Portland Estates reported a 0. 3% fall in its portfolio valuation down 0. 3% for the year ended 31 March on Wednesday, although developments were up 11. 9%, with offices up 1. 0% and retail down 3. 5%.
Inflation drops to 0.8% as Covid-19 hits prices
UK inflation fell to a near four-year low of 0. 8% as energy costs fell and clothing retailers cut prices to shift stock during the coronavirus crisis, official figures showed.
William Hill set for £150m windfall over VAT ruling on FOBTs
Bookmaker William Hill said it could receive a windfall of up to £150m after the industry won a challenge over sales tax on controversial fixed-odds machines in betting shops.
London open: Stocks edge lower as Covid vaccine hopes fade
London stocks edged lower in early trade on Wednesday as investors mulled the latest UK inflation data and as disappointment set in over a potential coronavirus vaccine.
Ninety One AUM falls as Covid-19 hits markets
Asset manager Ninety One said assets under management (AUM) fell 7%, reflecting the impact of the coronavirus pandemic on world financial markets.
Experian dividend unchanged as crisis hits revenue
Experian left its dividend unchanged as the information services company said the Covid-19 crisis and currency swings could reduce first-quarter revenue by up to 15%.
Coats sales decline as it takes hit from Covid-19
Industrial thread maker Coats Group reported a slump in sales on Wednesday as it took a hit from the coronavirus pandemic.
London pre-open: Stocks seen lower as Covid vaccine hopes fade
London stocks were set to edge lower at the open on Wednesday amid doubts over a potential coronavirus vaccine from US biotechnology company Moderna.
Wednesday newspaper round-up: Recession, tracing app, Intu Metrocentre
The chancellor, Rishi Sunak, has warned that Britain is facing a “severe recession, the likes of which we haven’t seen” and lasting economic damage from the coronavirus pandemic. In a downbeat assessment of the country’s economic prospects after a sharp rise in unemployment benefit claims, the chancellor warned a Lords committee it was “not obvious there will be an immediate bounceback” from recession. – Guardian.