Market Pulse
Water Intelligence sees revenue surge in 2017
Leak detection and remediation solutions provider Water Intelligence issued a trading statement for the year ended 31 December on Wednesday, reporting a 45% improvement in revenue over the prior year to $17. 7m.
Arun Estates joins OnTheMarket portal
Agent-backed online property portal operator OnTheMarket announced on Wednesday that, in line with the five-year agreement it announced in November, the estate agency firm Arun Estates was now advertising its UK residential sales and lettings properties at OnTheMarket. com.
US retail sales unexpectedly drop in January
US retail sales unexpectedly fell in January, according to data from the Commerce Department.
United Airlines flight forced into emergency landing after engine cover blows off
A United Airlines flight destined for Hawaii was forced to make an emergency landing just forty minutes short of its destination on Tuesday after one if its engines began to disintegrate mid-flight.
Asia report: Markets finish mixed ahead of US inflation data
Markets in Asia finished mixed on Wednesday, as investors headed home awaiting the release of inflation data from the US later in the global day.
Melrose works to further convince GKN shareholders
Melrose Industries released a response to GKN late on Wednesday morning, after the latter outlined its ‘Project Boost’ strategy to return up to £2. 5bn to shareholders over the next three years.
Shire posts jump in FY sales but warns over 2018 earnings
Specialty biopharmaceutical group Shire posted a 33% jump in full-year revenues on Wednesday but warned that earnings growth would be weaker than revenue growth this year.
Wednesday broker round-up
Virgin Money Holdings: RBC Capital Markets downgrades to underperform with a target price of 250p.
London midday: Stocks push higher ahead of US CPI; BoJo Brexit speech ingested
London equity markets had extended gains by midday on Wednesday, taking their cue from another positive close on Wall Street as investors looked ahead to key US inflation figures.
Virgin Money hit by RBC Capital downgrade, CYBG boosted by upgrade
Virgin Money took a hit on Wednesday as RBC Capital Markets downgraded the challenger bank to 'underperform' from 'outperform', slashing the price target to 250p from 350p as it took a look at UK banks.
Hurricane Energy closing in on early production system
Hurricane Energy announced a key milestone on Wednesday with the completion of buoy dry trial fit testing operations ahead of schedule.
Production starts at Iofina's latest plant
Iodine and halogen-based speciality chemical derivatives explorer and producer Iofina announced the completion of construction and the start of production at its IO#7 ‘IOsorb’ plant on Wednesday.
Origin Enterprises set to lose chief financial officer
Origin Enterprises announced on Wednesday that chief financial officer Imelda Hurley has indicated her intention to step down from the board on 28 February.
Genel Energy ups resource estimates after new competent person's report
Kurdistan-focused oil and gas business Genel Energy updated investors on the status of its oil reserves on Wednesday after a competent persons report on its assets revealed a significant increase in oil resources at its Bina Bawi project.
Storm clouds on the horizon for Amazon as Walmart ups the ante
Walmart has announced plans to go head-to-head with Amazon, building its own internal cloud network to store almost limitless client information and manage sales.
Botswana Diamonds raises £500k in placing to fund exploration
AIM-listed Botswana Diamonds has raised £500,000 through the placing of new ordinary shares at 1p each to help fund ongoing diamond exploration in South Africa and Botswana and for additional working capital purposes.
US pre-open: Stocks to gain ahead of key inflation reading
US futures pointed to another positive session on Wall Street on Wednesday, although there was some potential for volatility with the release of the latest inflation figures due before the opening bell.
Benjamin Netanyahu hits back at Israeli police who recommended bribery charges
Benjamin Netanyahu has responded on Tuesday to police accusations of fraud, breach of trust and two instances of accepting bribes, saying he will not step down and is confident he won't face charges.
Kibo Mining signs memorandum of understanding with TANESCO
Coal exploration and development firm Kibo Mining announced on Wednesday that it had signed a memorandum of understanding with the Tanzania Electric Supply Company (TANESCO) that would see the latter purchase power from the former's 300MW Mbeya coal-to-power project in the African nation.
Midatech Pharma reports boost for US operations
International pharmaceutical company Midatech Pharma guided towards an increase in full-year US product sales of at least 29% on Wednesday, as expected.