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Red Rock disposes of 'substantial part' of Jupiter holding
Natural resource development company Red Rock updated the market in relation to its investment in the ASX-listed Jupiter Mines on Wednesday, reporting that over recent weeks, it had disposed of a “substantial part” of its remaining holding in Jupiter through market sales at an average price of 30. 4 Australian cents per Jupiter share, for proceeds of AUD 2. 33m (£1. 24m).
FTSE 100 movers: AstraZeneca rallies on acquisition; Royal Mail hit by downgrade
London’s FTSE 100 was up 0. 5% at 7,064. 59 in afternoon trade on Wednesday.
Bezant upbeat on survey results from Hope licence
Copper-gold exploration and development company Bezant announced on Wednesday that the modelling of data and drill hole planning from the airborne electromagnetic (EM) and magnetic survey completed in May over a large part of its Hope copper-gold licence block in Namibia had highlighted four highly-prospective drill targets, ready for drill testing, planned for November.
Canaccord Genuity raises target price on Base Resources
Analysts at Canaccord Genuity raised their target price on mineral sands company Base Resources from 35. 0p to 50. 0p on Wednesday, citing its exposure to a suite of "underappreciated (but highly attractive) commodities" and a "strong" near-term dividend yield.
Botswana Diamonds buys third-party interests in Vutomi
Botswana Diamonds announced on Wednesday that, following outside interest in acquiring its South African associate company Vutomi Mining, it had exercised its pre-emptive right to acquire the outstanding third-party interests in Vutomi and Razorbill Properties.
Genedrive gets CE-IVD marking for new system platform
Near-patient molecular diagnostics company Genedrive announced on Wednesday that the new-generation ‘Genedrive System’ platform, which was developed to support the commercial launch of the ‘Genedrive MT-RNR1’ ID kit, had now received CE-IVD marking in anticipation of launch in the UK and the European Union.
Gaming Realms enters commercial agreement with 4ThePlayer
Mobile-focussed gambling content Gaming Realms has entered into a commercial agreement with 4ThePlayer, a developer of innovative mobile-first gambling games, to integrate its content onto Gaming Realms' platform for distribution in the United States, it announced on Wednesday.
RBC Capital upgrades Anglo American, downgrades BHP
RBC Capital Markets upgraded miner Anglo American on Wednesday, but downgraded its stance on BHP.
US pre-open: Futures in the green following S&P 500's worst day in months
Wall Street futures were pointing to a positive open ahead of the bell on Wednesday following the S&P 500's worst session in four months.
Europe midday: Shares extend gains on positive euro zone sentiment
European shares extended gains at midday on Wednesday, rebounding from losses in the previous session as business and consumer optimism in the euro zone rose unexpectedly in September.
London midday: Stocks extend gains; Next rallies after lifting guidance
London stocks had extended gains by midday on Wednesday, underpinned by strong performances from the likes of Next and AstraZeneca.
UK govt mobilises 150 army tanker drivers to alleviate fuel crisis
The UK government has mobilised 150 military tanker drivers to help alleviate the supply gridlock at petrol stations caused by Britons panic buying.
Berenberg raises target price on Ferguson
Analysts at Berenberg raised their target price on plumbing and heating products distributor Ferguson from 9,500. 0p to 10,000. 0p on Wednesday following its "impressive" full-year results.
Fulcrum Utility makes 'positive progress' during H1
Multi-utility services provider Fulcrum Utility Services said on Wednesday that it had made "positive progress" in executing its strategy in the first half of the year, with the group trading in line with internal expectations.
Mortgage approvals dip in August
Mortgage approvals ticked lower in August as demand continued to ease from the highs seen during the stamp duty holiday, official data showed on Wednesday.
Barclays lifts Cranswick to 'equalweight' after de-rating
Barclays upgraded Canswick to ‘equalweight’ from ‘underweight’ on Wednesday and lifted the price target to 3,500p from 3,200p as it noted that the shares have de-rated.
ActiveOps secures new client wins and contract expansions in H1
Software firm ActiveOps said on Wednesday that it had secured new client wins and contract expansions across all target regions and sectors, including the company's first enterprise-level up-sale of its WorkiQ offering into an existing ControliQ customer.
Avacta gets undisclosed milestone payment from LG Chem
Clinical-stage biopharmaceutical company Avacta Group announced on Wednesday that a preclinical development milestone has been achieved in its multi-target therapeutics partnership with South Korea’s LG Chem Life Sciences, triggering an undisclosed milestone payment.
FRP Advisory enjoying 'highly liquid' UK market
Specialist business advisory company FRP Advisory Group said in an update on Wednesday that the UK market was still “highly liquid”, with pent-up capital being deployed by both corporate buyers and private equity outfits.
Gfinity to operate Coca-Cola HBC's Football Manager tournament
Esports and gaming solutions provider Gfinity said on Wednesday that it had entered into a commercial agreement with Coca-Cola HBC as the tournament operator for its upcoming Football Manager competition - the COPA Challenge.