Market Report
HSBC upgrades British Land to 'buy'
Analysts at HSBC upgraded real estate investment trust British Land to 'buy' on Wednesday, noting that its first-half results had further rubber-stamped its "enviable position in the London campus market".
Europe close: Markets breathe sigh of relief as 'controlled drama' in Italy unfolds
Stocks across the Continent rose on Wednesday, tracking a bounce on Wall Street and amid hopes that the worst scenarios in the ongoing budget tussle between Brussles and Rome might be averted.
Director dealings: Rolls-Royce CEO ups stake
Rolls-Royce chief executive Warren East purchased 9,488 ordinary shares in the FTSE 100-listed engine manufacturer on Wednesday.
UK company structures allow money laundering, warns Danske whistleblower
Danske Bank whistleblower Howard Wilkinson has taken aim at British company structures for hiding the identity of those behind money laundering activities.
London close: Stocks track bounce on Wall Street
London stocks finished higher on Wednesday, helped along by well-received results from Johnson Matthey as Theresa May headed to Brussels for crunch talks on her Brexit deal.
US existing home sales jump in October for first time in six months
House buying activity in the States picked-up last month following a build-up in inventories of unsold homes.
FTSE 250 movers: Metro chugs upward while Indivior continues to plummet
London's FTSE 250 was up 0. 65% at 18,485. 47 in afternoon trade on Wednesday, as Metro Bank made gains off positive broker feedback.
FTSE 100 movers: JMAT surges on results; Kingfisher drops on French woes
London's FTSE 100 was up 1. 2% to 7,031. 65 in afternoon trade on Wednesday as Theresa May was in Brussels having crunch Brexit talks with Jean-Claude Juncker.
US open: Positive start to trading as stocks attempt to recover from rough start to the week
Wall Street trading began with some gains on Wednesday as the major US indices tried to bounce back from heavy losses witnessed earlier in the week.
US consumer sentiment deteriorates more than expected in November
US consumer sentiment deteriorated a little more than expected this month, according to a final reading from the University of Michigan.
iPhone assembler Foxconn plans to cut $2.9bn in costs
Foxconn Technology Group, the biggest assembler of Apple iPhones said it plans to slash $2. 9bn in costs in 2019 as it faces a “very difficult and competitive year”, Bloomberg reported on Tuesday.
Ubisense soars after proposing £35m RTLS sale
Ubisense jumped on Wednesday after it proposed the £35m sale of its RTLS Smartspace business to a company controlled by Bahraini private equity firm Investcorp Bank.
US initial jobless claims hit four-month high
The number of Americans filing for unemployment benefits unexpectedly rose last week, to their highest level since June, according to data from the Labor Department.
Plutus PowerGen gearing up to develop Rockpool site in Kent
Flexible energy generation developer Plutus PowerGen announced on Wednesday that its partner, Rockpool Investments, has purchased a 20MW gas-powered FlexGen site in Medway, Kent, with planning, connections, an option to lease and capacity mechanism from Reliance Energy.
Kore Potash identifies two new exploration targets
Potash development company Kore Potash provided exploration targets for potential extensions of its Kola and Dougou Extension sylvinite deposits on Wednesday, which had been identified as part of the work program to improve its understanding of both the potential scale and the strategic opportunities presented by the multiple occurrences of potash in the Sintoukola Project area.
Ethernity signs another American OEM deal
Network processing technology and products company Ethernity Networks has signed a contract to supply an unnamed tier 1 North American aviation and defence original equipment manufacturer (OEM) with its ‘ENET’ switch/router firmware and software, it announced on Wednesday.
Bet365 boss takes home record British pay cheque
The boss of online bookmaker Bet365 was paid a record-breaking £265m in 2017, making her the highest-paid chief executive of a British company.
Anglo Asian makes good progress with airborne survey at Gedabek
Azerbaijan-focussed gold, copper and silver producer Anglo Asian Mining updated the market on the airborne geophysical survey underway at its 300 square kilometre Gedabek contract area on Wednesday.
IronRidge raises fresh £5.4m to progress projects in Africa
IronRidge Resources has raised around £5. 4m before expenses through a subscription for, and placing of, 27,022,000 new ordinary shares at a price of 20p each, it announced on Wednesday.
Brussels rejects Italy's budget; sanctions now possible
The European Commission has rejected Italy’s big-spending budget, escalating the row between Brussels and Rome.