Latest News
RBC Capital upgrades Rio Tinto, highlights attractive dividend yield
RBC Capital Markets upgraded its stance on shares of miner Rio Tinto to ‘sector perform’ from ‘underperform’ on Wednesday, hiking the price target to 4,200p from 3,600p.
Dekel confirms shipment of first cashew milling equipment
West Africa-focussed agriculture company Dekel Agri-Vision said on Wednesday that the first shipment of milling equipment has left the manufacturer in Italy, Oltremare, enroute to its cashew processing project in Tiebissou, Côte d'Ivoire, via the port of Abidjan.
Susan Davy to be Pennon CEO in board overhaul
Susan Davy will replace Chris Loughlin as chief executive of Pennon in a board overhaul that will also trigger the departure of Chairman John Parker.
MaxCyte signs licensing deal with Apeiron Biologics
Cell-based therapies and life sciences company MaxCyte announced a clinical and commercial licensing agreement with immunotherapy biotechnology firm Apeiron Biologics on Wednesday, under which Apeiron would obtain non-exclusive clinical and commercial rights to use MaxCyte's ‘Flow Electroporation’ technology and ‘ExPERT’ platform.
Full underground team back at Scotgold's Cononish mine
Scotgold Resources announced on Wednesday that the full underground development team has now returned to work, and blasting activities are being conducted at the Cononish Gold and Silver Mine.
Debt holders take control of Travelex in return for £84m injection
Foreign exchange company Travelex has agreed to a deal that will see its lenders take full control of the business in return for a debt restructuring and £84m cash injection, the company’s parent Finablr said.
Grant Thornton fined £1.95m for audit failures on Conviviality
Accountancy firm Grant Thornton has been fined £1. 95m by the UK industry regulator for failures during its auditing of alcohol retailer Conviviality which collapsed in 2018.
U&I tumbles into red after turbulent year
U and I Group has fallen into the red following a "challenging" year, the real estate developer said on Wednesday.
WPP slumps as Credit Suisse reinstates coverage at 'underperform'
WPP slumped on Wednesday after Credit Suisse reinstated coverage of shares in the advertising company at ‘underperform’ with a 565p price target, pointing to "rising industry disruption".
Europe midday: Stocks trim losses, pandemic in focus
Stocks in Europe have come off their earlier lows but are being weighed down by the ongoing headlines around the Covid-19 pandemic, especially in the US.
Gold hits 2011 highs above $1,800/oz.
Gold prices have broken fresh records, despite a recent rally in equities, amid ongoing concerns about the long-term economic impact of the Covid-19 pandemic and the prospect of rising inflation.
US pre-open: Futures mostly flat following Tuesday's sell-off
Wall Street futures were pointing to a relatively flat open on Wednesday following the sharp sell-off seen during the prior session.
EU court reduces Infineon fine to €76.87m
Europe’s second top court cut German company Infineon Technologies antitrust fine on Wednesday from €82. 78m to €76. 87m.
Ryanair cabin crew agree pay cuts to save jobs
Cabin crew at budget carrier Ryanair have agreed to take temporary pay cuts to avert planned job losses due to the coronavirus crisis, the Unite union said on Wednesday.
London midday: Stocks a little lower ahead of Sunak speech
London stocks were still a little lower by midday on Wednesday amid worries about a rise in coronavirus cases in the US and Australia, as investors eyed Chancellor Rishi Sunak’s mini budget.
Asia report: Markets mixed amid fresh Covid warnings from the WHO
Markets in Asia finished in a mixed state on Wednesday, as the World Health Organization issued fresh warnings about the global state of the Covid-19 coronavirus pandemic.
Boohoo orders supply-chain review after retailers drop brand
Boohoo has commissioned a review of its UK supply chain after Next and other customers dropped the fashion brand because of allegations over treatment of workers in factories.
Mpac service revenue, order book grows amid Covid crisis
Packaging and automation company Mpac Group updated the market on its operations on Wednesday, reporting that Covid-19 travel restrictions have had an impact on the timing of new original equipment orders, project execution and on-site service revenues.
FirstGroup swings to loss as lockdowns hit travel demand
Bus and rail operator FirstGroup scrapped its dividend and swung to a full-year loss as coronavirus lockdowns and woes at its US Greyhound business hit operations.
Funding Circle to add Bounce Bank Loans to Covid lending offer
Funding Circle shares were rocketing on Wednesday morning, as the company outlined its success thus far in government-backed coronavirus lending, in both the UK and the United States.