Market Report
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.
Danone to cut stake in Yakult to 7%
Danone has announced plans to cut its holding in Japanese probiotic dairy drink maker Yakult to around 7% from 21. 3% in a move that reflects its "continued focus on disciplined capital allocation".
Russia eyes Saudi Aramco IPO investment
A Russian and Chinese joint investment fund, working in conjunction with several major Russian banks, has made moves to take part in the much awaited Saudi Aramco initial public offering, according to a sovereign Russian investment fund head.
Europe open: Stocks track gains in US despite drag from political uncertainty
Stocks are advancing across the Continent, drawing a degree of comfort from slight overnight gains on Wall Street after the new chief of the Federal Reserve said policymakers are keeping an eye on financial stability risks and ahead of a key report on consumer prices on the other side of the Pond later in the day.
Eurozone industrial production rises more than expected, Q4 GDP growth confirmed
Eurozone industrial production rose more than in expected in December, while gross domestic product growth for the fourth quarter was in line with expectations, according to data released by Eurostat on Wednesday.
Kurtis Hooley steps down as Nighthawk CFO
US-focussed oil development and production company Nighthawk Energy announced on Wednesday that Kurtis Hooley has tendered his resignation as its chief financial officer and corporate secretary, effective 16 March, in order to pursue a new opportunity.
Trading Emissions sells last remaining solar operating subsidiary
Trading Emissions announced the sale of its remaining solar operating subsidiary, Solar Energy Italia 1 (SEI1), on Wednesday.
Seismic survey begins at 88 Energy's Project Icewine
88 Energy updated the market on Project Icewine, located onshore North Slope of Alaska, on Wednesday, confirming that the 3D seismic survey had commenced across the project’s acreage.
Chaarat Gold appoints Peter Carter as COO
AIM-listed Chaarat Gold has appointed Peter Carter as its new chief operating officer.
Private placement sees Tekcapital hold 39pc of Belluscura
Intellectual property investment group Tekcapital announced on Wednesday that Belluscura has concluded a private placement to raise approximately $1. 33m through Dowgate Capital Stockbrokers, and converted loans equal to approximately $0. 27m to equity under the same terms as the private placement.
South African police raid Gupta compound as part of Zuma corruption probe
Armed police raided the luxurious South African home of the Gupta family on Wednesday as part of an effort to confirm corruption allegations made against the brothers and controversial president Jacob Zuma, who was ordered to stand down as head of state by the ruling African National Congress on Tuesday.
SolGold mobilises diamond drill rigs at Aguinaga
Australia-based exploration and development group SolGold has been making arrangements to move two diamond drill rigs to its project on the Aguinaga prospect in northern Ecuador after the group identified five high-priority drill targets.
HSS Hire backs guidance, sees cost savings at top end of range
HSS Hire backed its full-year guidance on Wednesday as it said it has successfully agreed the extension of its revolving credit facility and that cost savings should come in at the top end of the guidance range.
Plus500 hikes dividend as profits surge, special divi announced
Shares in contracts-for-difference trading service provider Plus500 surged on Wednesday as it posted a jump in full-year profit, announced a special dividend and said revenues for 2018 are expected to be "significantly" ahead of market views.
London open: Stocks push higher on positive US cues; Galliford Try tumbles
London equity markets rose in early trade on Wednesday, taking their cue from another positive close on Wall Street as investors looked ahead to key US inflation figures.
GKN to deliver 'significant' value to shareholders under new strategy
GKN announced further details of its new strategy and transformation plan along with its cash improvement initiative titled ‘Project Boost’ on Wednesday, and outlined the financial performance targets for the group to the end of the 2020 financial year.
Galliford Try announces fully-subscribed raising in wake of Carillion fallout
Galliford Try has announced it will go cap in hand to investors to offset the possible impact on the group from the wind-down of Carillion through its joint-venture with the firm and Balfour Beatty on the Aberdeen Western Peripheral Route contract.
Serco revises agreement to buy Carillion health facilities contracts
Serco Group updated the market on its planned acquisition of a portfolio of selected UK health facilities management contracts from certain subsidiaries of Carillion on Wednesday.