Latest News
President Energy begins new drilling in Rio Negro
President Energy updated the makret on its drilling operations at the Estancia Vieja and Las Bases fields in Rio Negro, Argentina on Wednesday, reporting that drilling had started at EVN-x1.
Asos posts surge in FY profits but cautious on outlook
Asos reported a surge in full-year profit on Wednesday as it picked up more than 3m new customers, but the online fashion retailer struck a cautious note over how pressure on the disposable income of its 20-something customers might impact the business.
Eli Lilly Covid-19 antibody treatment trial paused due to 'potential safety concern'
A clinical trial for Eli Lilly's antibody treatment for Covid-19 was paused overnight due to a "potential safety concern".
Audioboom calls off sale process, narrows losses in Q3
Podcast company Audioboom called off its sale process on Wednesday as losses narrowed year-on-year and revenues improved in the third quarter of 2020.
HSBC upgrades Stagecoach, Go-Ahead; downgrades Firstgroup
HSBC downgraded its stance on FirstGroup on Wednesday, but lifted its ratings on Go-Ahead and Stagecoach as it took a look at UK bus and rail operators.
Bank of America edges past forecasts for Q3 EPS, despite falling revenues
Bank of America managed to edge past analysts' forecasts for its third quarter earnings despite a shrinking topline as both net interest and noninterest income fell.
Savannah Resources appoints strategic advisor for Mutamba project
Savannah Resources announced the appointment of Farview Solutions as its strategic adviser on Wednesday, to help guide the development path for the Mutamba Mineral Sands Project in Mozambique and recommend associated strategic opportunities.
Boparan Restaurant in line to buy UK's GBK burger chain - report
Ed's Easy Diner owner Boparan Restaurant Group was set to buy UK chain Gourmet Burger Kitchen (GBK) out of administration, Sky News reported without citing sources.
Goldman Sachs blows past analysts' forecasts for third quarter earnings
Goldman Sachs blew past analysts' estimates for earnings in its third quarter thanks to a strong showing from its Global Markets and Investment Banking arms.
Kore Potash gets government go-ahead for DX study
Kore Potash has received authorisation from the government of the Republic of the Congo to start the planned drilling programme for the definitive feasibility study on its DX Project, it announced on Wednesday.
UK Oil & Gas executes deal for Resan Licence in Turkey
UK Oil & Gas announced on Wednesday that it has executed the participation and joint operating agreements with Aladdin Middle East (AME) for its 50% interest in the 305 square kilometre Turkish Resan Licence, and the respective oil appraisal and exploration programme.
Union Jack buys another 30pc of North Kelsey from Egdon
Union Jack Oil announced on Wednesday a further 30% acquisition of licence PEDL241 containing the conventional, drill-ready, North Kelsey Prospect, as well as the alignment of its equity interests in that licence with Egdon Resources UK and to jointly pursue a farmout for the drilling of the North Kelsey-1 exploration well.
US pre-open: Futures mixed as earnings season continues
Wall Street futures were pointing to a mixed open ahead of the bell on Wednesday following major indices' first losing session in five days.
Distribution Finance announces first personal savings products
Distribution Finance announced on Wednesday that its subsidiary DF Capital Bank has launched its first line of personal savings products, which would feature in the ‘best buy’ tables of three saving rate aggregators.
Europe midday: Shares turn mixed as investors weigh US banks
European shares turned slightly mixed as investors eyed the latest round of third quarter US bank earnings, Brexit developments ahead of a major summit this week and worries over another pause in a Covid-19 vaccine trial.
G4S nine-month earnings rise amid tight cost control
Security services firm G4S said on Wednesday that underlying earnings in the first nine months of 2020 remain ahead of last year as a decline in revenue was offset by cost control and reduced interest costs.
Synthomer lifts FY EBITDA guidance, reinstates interim dividend
Chemicals business Synthomer lifted its full-year earnings guidance on Wednesday and reinstated its dividend amid "strong" trading momentum in all three of its divisions.
London midday: Stocks slip into the red as sterling steadies
London stocks had slipped into the red by midday on Wednesday as the pound recovered from earlier losses, amid ongoing concerns about the prospect of tighter lockdown restrictions.
Eurozone August industrial production slows sharply
The slowdown of the Euro zone’s recovery from the Covid-19 pandemic continued as industrial production data revealed a sharp slowdown in August, official data showed on Wednesday.
Bakkavor CFO Peter Gates to retire
Bakkavor said on Wednesday that chief financial officer Peter Gates plans to retire at the end of the year after 10 years at the food manufacturing company.