Market Report
Berenberg recommends 'fundamentally mispriced' Vodafone
Vodafone is "very cheap", Berenberg said on Wednesday, but in a sector where investors are not keen to take risks and are being put off by "too much noise" about currency weakness in emerging markets.
Global Petroleum to acquire offshore Namibia block
Global Petroleum has signed a petroleum agreement to acquire Block 2011A offshore Namibia, it announced on Wednesday.
Tesla faces criminal probe over Elon Musk's tweets
The US Justice Department has opened a criminal probe against Tesla regarding the recent tweets of CEO Elon Musk who said he intended to take the company private.
Citi starts Smiths Group at 'buy', says Medical offers defensive growth
Citi started coverage of engineer Smiths Group at 'buy' on Wednesday with an 1,850p price target.
US housing starts jump in August, but permits decline
Homebuilding in the States picked-up substantially last month, but a key forward-looking indicator fell short of analysts' forecasts.
Totally's About Health wins three-year contract
Out-of-hospital service provider Totally announced on Wednesday that its wholly-owned subsidiary About Health, a provider of community-based outpatient and referral management services, has been awarded a three-year contract with an option to extend by a further two years by the NHS Blackpool and NHS Fylde & Wyre Clinical Commissioning Groups.
Alliance Pharma overseas transformation continues
As Alliance Pharma's overseas transformation continued throughout the first half of its trading year, the AIM-listed group managed to record some growth in both revenues and profits.
Gattaca appoints Kevin Freeguard as CEO
Specialist recruiter Gattaca has appointed former Verifone executive Kevin Freeguard to the vacant role of chief executive officer with effect from 1 October.
Yew Grove REIT buys Blackwater House for EUR1.85m
AIM-listed Yew Grove REIT has exchanged contracts to buy Blackwater House in County Cork for €1. 85m.
Danske CEO steps down after $234bn linked to laundering scandal
Thomas Borgen, chief executive of Danske Bank, has resigned after allegations that as much as $234bn has been laundered through the bank’s Estonian branch.
Asia report: Most markets rise as China announces fresh tariffs
Most markets in Asia finished in the green on Wednesday, as investors once again shrugged off concerns of further escalations in the ongoing US-China trade conflict.
Games Workshop declares further dividend
Games Workshop declared another dividend after the tabletop gaming chain generated "strong" levels cash in the first quarter of its financial year.
McDonald's tax deal with Luxembourg not in breach of EU rules - EU Commission
EU antitrust regulators ruled that fast food giant McDonald's tax deal with Luxembourg was not in breach of EU state aid rules on Wednesday.
US pre-open: Stocks seen muted as Sino-US trade conflict remains in focus
US stocks looked set for a muted open on Wednesday as trade tensions between the US and China remained in focus.
Kingfisher profits tumble as French woes linger
Profits at Kingfisher fell 30% in the first half of the DIY retailer's financial year as problems in France overshadowed a solid performances in the UK.
Europe midday: Stocks edge higher despite trade headwinds
European stocks edged higher in early trade on Wednesday, underpinned by a solid performance from the basic resources sector, as investors apprehension around global trade talks eased a bit, although many analysts remained quite cautious.
London midday: Stocks pare gains as sterling rallies on inflation data
London stocks had pared gains by midday on Wednesday as sterling got a boost from an unexpected jump in UK inflation.
FCA ends probe into fair treatment of life insurance
The Financial Conduct Authority has closed its remaining investigations into firms over the fair treatment of longstanding customers in the life insurance sector, sending shares in Prudential and Quilter higher.
Royal Mail chairman steps down to focus on Countrywide
Royal Mail said on Wednesday that chairman Peter Long has stepped down with immediate effect in order to concentrate on his role as executive chairman at Countrywide.
Stagecoach starts year in low gear, but in line
Train and bus services operator Stagecoach Group had a mixed start to its trading year, with London buses and North American revenues both in reverse.