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LSE to wind down derivatives exchange CurveGlobal Markets
The London Stock Exchange has announced plans to shut down its loss-making derivatives exchange, CurveGlobal Markets, just five years after the platform was launched.
Ifo Institute cuts German growth forecasts
The ifo Institute has slashed its economic growth forecasts for Germany after a hoped-for summer recovery failed to emerge.
Helios Underwriting acquires Lloyd's vehicle North Breache
Helios Underwriting announced on Wednesday that, in line with its strategy of increasing underwriting capacity through acquisition, it has acquired North Breache Underwriting, a limited liability member of Lloyd's of London.
Arc Minerals surges on latest drilling in Zambia
Arc Minerals confirmed on Wednesday that the diamond drilling programme on its majority-controlled licences in north-western Zambia had intersected massive sulphide copper mineralisation at Cheyeza East.
President Energy progresses in Argentina, faces delays in Louisiana
President Energy announced a drilling and workover update on a number of its assets on Wednesday, reporting that at the Puesto Guardian concession in Argentina’s Salta province, it has signed a drilling services contract for three firm wells to be drilled before the end of the year.
BofA Merrill Lynch downgrades BHP to ‘neutral’
Bank of America Merrill Lynch downgraded BHP to ‘neutral’ from ‘buy’ on Wednesday and slashed the price target to 1,900p from 2,900p as it said earnings downgrades are coming.
Advance Energy makes progress with Buffalo-10 well
Energy investment company Advance Energy updated the market on the Buffalo project offshore Timor-Leste on Wednesday, ahead of the drilling of the Buffalo-10 well.
US pre-open: Futures in the green ahead of FOMC meeting outcome
Wall Street futures were pointing to a positive open ahead of the bell on Wednesday as market participants await this evening's Federal Reserve interest rate decision with bated breath.
Ten Entertainment scores post-lockdown as sales surge
Ten Entertainment hailed an historic summer on Wednesday, after lockdown restrictions eased and sales surged.
Quantum Blockchain losses widen as it pursues crypto strategy
Quantum Blockchain Technologies reported revenue from continuing operations of €6,000 in its interim results on Wednesday, down from €32,000 year-on-year, as its operating loss widened to €0. 71m from €0. 23m.
London midday: Stocks gain as Evergrande fears ease; Fed in focus
London stocks had extended gains by midday on Wednesday as concerns about China’s Evergrande eased, with all eyes on the latest policy announcement from the US Federal Reserve.
Europe midday: Shares extend gains as investors eye Fed meeting
European stocks held gains at midday on Wednesday as Asian property developer China Evergrande said it would make some interest payments and gambling shares found favour after a £16bn offer for Entain.
Ixico secures new contract valued at more than $750,000
AI data analytics firm Ixico has secured a new contract valued at more than $750,000 over two years for advanced neuroimaging solutions.
Debt-laden Evergrande strikes deal with bondholders
China’s troubled Evergrande Group has eased immediate fears it is facing imminent default after negotiating a deal with bondholders.
PZ Cussons Q1 revenues fall on lower hygiene sales; FY profits rise
Soap maker PZ Cussons posted higher full-year profits as sales of hygiene products soared, but said first quarter sales had fallen against tough comparators during the height of the Covid pandemic.
Strix reports 'significant' increase in first-half revenues
Kettle safety and water filtration technology company Strix reported revenue of £54. 7m in its first half on Wednesday, making for a “significant” increase of 57. 6% over 2020, and of 24. 6% over 2019.
Asia report: Stocks mixed with Japan, China monetary policy held steady
Stocks closed in a mixed state in the Asia-Pacific region on Wednesday, as markets in China returned from an extended long weekend.
Barclays initiates coverage of 11 luxury stocks after de-rating
Barclays initiated coverage on Wednesday of 11 stocks in the European luxury goods sector.
Zinc Media secures largest ever volume series commission
Cross-platform media agency Zinc Media said on Wednesday that it has secured its largest ever volume series commission.
Urban Logistics makes several acquisitions following fundraise
Urban Logistics updated the market on its recent acquisitions on Wednesday, reporting that since its July equity raise of £109m, it has deployed, or committed to deploy, £88m of it on 771,748 square feet of logistics units in six “off-market” transactions.