Latest News
Alien Metals agrees to buy JV interest in Munni Munni project
Minerals exploration and development company Alien Metals has entered into a binding heads of agreement with ASX-listed Platina Resources, it announced on Wednesday, to conditionally acquire Platina's 30% joint venture interest in the Munni Munni platinum group metals and gold project in the West Pilbara region of Western Australia.
US initial jobless claims fall to level not seen since 1969
Initial jobless claims dive-bombed in the week ended 20 November, according to the Labor Department, hitting a level not seen in more than half a century.
UK asks court to keep failed Bulb running
The UK's energy regulator has applied for Bulb, the failed energy supplier, to be put into special administration so that it can continue running.
Barclays upgrades Hochschild Mining after selloff
Barclays upgraded its stance on Hochschild Mining on Wednesday to ‘overweight’ from ‘equalweight’, arguing that this week’s selloff presents a value opportunity.
Gateley 'delighted' by H1 performance
Legal and professional services group Gateley said on Wednesday that it was "delighted" by its strong performance in the six months ended 31 October, both in terms of activity levels and fee generation.
Ontario court dismisses lawsuit motion against Trident Royalties
Mining royalty company Trident Royalties announced on Wednesday that a judge of the Ontario Superior Court of Justice has granted a motion to stay a lawsuit brought against it by Lithium Royalty Corporation (LRC), effectively dismissing the litigation against Trident.
JP Morgan ups Deliveroo and Just Eat to 'overweight'
Deliveroo's sales could beat expectations and Just Eat Takeaway may be a takeover target, JP Morgan said as it upgraded both food delivery groups' shares to 'overweight'.
US mortgage applications grow despite rise in mortgage rates
US mortgage applications grew 1. 8% in the week ended 19 November, following a 2. 8% fall in the previous week.
Berenberg on raises target price on Alpha FMC following H1 results
Analysts at Berenberg raised their target price on asset and wealth management industry consultant Alpha Financial Markets Consulting from 420. 0p to 470. 0p on Wednesday, citing the group's accelerated first-half performance.
UK factory orders surge in November - CBI
UK factory orders surged in November, leaving manufacturers struggling to keep up, according to the latest survey from the Confederation of British Industry.
London midday: Stocks pare gains as investors mull manufacturing data
London stocks had pared earlier gains to trade just a touch higher by midday on Wednesday, as investors mulled the latest reading on the manufacturing sector.
Seeing Machines turns in good performance as OEMs ramp-up production
Computer vision technology company Seeing Machines reported an 18% improvement in revenue in its year-end results on Wednesday, to AUD 47. 2m (£25. 46m).
Europe midday: German Ifo survey, Genus warning dampen sentiment
European shares slipped back into the red on Wednesday as weak German business survey data and rising Covid cases in the region hit sentiment.
Jadestone buys defaulting partner out of Lemang project
Asia-Pacific focussed oil and gas production company Jadestone Energy announced the acquisition of a 10% interest in the Lemang production sharing contract (PSC) on Wednesday.
Revenue and earnings rise 39pc as Revolution Beauty expands
Revolution Beauty reported a 39% improvement in group revenue in its first half on Wednesday, to £78. 6m, which it said provided a platform for growth ahead of the peak trading season.
Johnson Matthey to sell glass tech business, unveils £200m buyback
Chemicals company Johnson Matthey on Wednesday said it had sold its advanced glass technologies business to Fenzi Holdings for £178m as it reported a half-year loss and announced a £200m share buyback.
US pre-open: Futures in the red ahead of data onslaught
Wall Street futures were in the red ahead of the bell on Wednesday amid rising rates and ahead of a sea of data points.
Revenue rises, earnings fall for AB Dynamics
Automotive measurement and testing systems company AB Dynamics reported a 6% year-on-year improvement in revenue in its final results on Wednesday, to £65. 4m, as its gross margin narrowed by 160 basis points to 56. 89%.
Breedon lifts expectations as strong trading continues
Construction materials company Breedon said in a trading update on Wednesday that group revenue was up 31% year-on-year for the first 10 months of the year, to £1. 05bn, as it raised its earnings expectations for the full year.
Lidl lifts UK stores target to 1,100 by 2025
German discount supermarket chain Lidl said it planned to increase the number of its UK stores to 1,100 by 2025 as it swung to a full-year profit.