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Mission to pay dividend as profit beats expectations
Mission shares jumped after the creative agencies group said it would pay a deferred dividend and annual profit would beat forecasts.
Craneware delivers 'strong performance' in H1
Software firm Craneware said on Wednesday that it had delivered "a strong performance" in the first half of the year against the ongoing backdrop of the pandemic and a volatile dollar exchange rate.
Wetherspoons raises £93.7m in second placing this year to weather Covid
Wetherspoons has raised around £93. 7m in a placing to help it weather the Covid-19 pandemic and related pub closures.
Eurozone inflation dips in line with forecasts
Eurozone inflation dipped in line with expectations in December as declines in countries such as Greece and Ireland offset rising prices in Poland and Hungary, official figures showed.
Credit Suisse downgrades Glaxo, highlights near-term challenges
Credit Suisse downgraded GlaxoSmithKline to ‘underperform’ from ‘neutral’ on Wednesday, cutting the price target to 1,400p from 1,580p as it said multiple near-term and strategic challenges make for limited upside versus peers.
Bonhill reports fall in final earnings, hails 'promising' start to current year
Bonhill Group blamed an "undoubtedly difficult year" for a fall in final revenues and earnings on Wednesday.
MaxCyte revenue growth expected to accelerate faster than anticipated
Cell engineering specialist MaxCyte said on Wednesday that 2021 revenues were likely to grow at a faster than initially expected rate at the same time as it posted a solid set of earnings for 2020.
Galliford confirms trading on track, shares jump
Galliford Try said on Wednesday that it remained on course to return to profitability, sending the shares higher.
IAG strikes half-price deal for Air Europa
British Airways and Iberia parent IAG has revised the terms of its deal for Spanish budget airline Air Europa and will now pay €500m, down from a previous price of €1bn.
Europe open: Shares higher as markets await Biden inauguration
European stocks opened higher on Wednesday as investors awaited the inauguration of Joe Biden as the next US President and were cheered by prospects of a large stimulus package for the American economy.
Wincanton profit to beat forecasts as online shopping surges
Wincanton said annual profit would be well ahead of expectations after third-quarter sales were boosted by online shopping during the Covid-19 crisis.
Learning Technologies acquiring Reflektive for £10.4m
Digital learning and talent management company Learning Technologies has agreed to acquire performance management software provider Reflektive from a group of institutional investors, it announced on Wednesday, for a cash consideration of $14. 2m (£10. 4m).
Mortgage Advice Bureau flags higher-than-expected profits for 2020
Consumer intermediary Mortgage Advice Bureau (MAB) said on Wednesday that group revenue for 2020 was expected to be around £148m, representing an increase of 3% over 2019.
Alliance Pharma profits improve as it acquires Biogix
Alliance Pharma said on Wednesday that its see-through revenues for 2020 were down 5% on the prior year at £137. 5m, as expected, both on a reported and a constant currency basis, reflecting the impact of Covid-19.
London open: Stocks nudge up ahead of Biden inauguration; inflation in focus
London stocks nudged up in early trade on Wednesday ahead of Joe Biden’s inauguration as US President, after incoming Treasury Secretary Janet Yellen said the US must "act big" on the next Covid relief package, and as investors mulled the latest UK inflation data.
WH Smith sees better Xmas as cash burn hits £15m-20m in lockdown
Stationery retailer WH Smith on Wednesday reported better-than-expected Christmas trading despite burning through £15m - £20m in cash a month during the current Covid-19 lockdown.
IQE expecting record revenue performance for 2020
Semiconductor wafer and materials company IQE said on Wednesday that revenue for 2020 was expected to be around £178m, subject to audit, rising from £140m year-on-year.
Ascential sells Groundshare in £170m deal
Information, data and analytics company Ascential has sold Groundsure to a subsidiary of legal technology, software and information services group ATI Global in a deal worth £170m, it announced on Wednesday.
IWG to cut costs as fresh lockdown restrictions boost home working
IWG is to cut costs after its hoped-for 2021 recovery was hit by the latest round of lockdown measures, the workspace provider said on Wednesday.
Petropavlovsk issues with senior staff 'improve markedly'
Petropavlovsk said on Wednesday that its mines were still operating as normal, despite the “significant” ongoing challenges presented by the Covid-19 pandemic .