Market Report
Metal Tiger upbeat on performance so far at Tshukudu
Strategic natural resource opportunities investor Metal Tiger updated the market on the exploration activities of its new joint venture, Tshukudu Exploration, in the Kalahari Copper Belt in Botswana on Wednesday.
Faroe confirms start of Brasse East exploration well
Independent oil and gas company Faroe Petroleum announced the start of the Faroe-operated Brasse East exploration well 31/7-3S in the Northern North Sea, where it has a 50% working interest, on Wednesday.
Italian PR firm SEC to gradually acquire CLAI
Italian advocacy, public relations and integrated communications agency SEC has agreed to acquire up to 100% of the issued equity of public and corporate affairs company CLAI from its shareholders it announced on Wednesday, in line with its stated acquisition strategy.
Asia report: Markets mixed amid global tech rout
Markets in Asia finished in a mixed state on Wednesday, as sentiment continued to slump after another session of losses for Wall Street’s technology plays.
Biffa profits drop but FY expectations maintained
Waste management company Biffa reported a drop in first-half profit on Wednesday as it highlighted "external headwinds", but maintained its full-year expectations.
Sharp drop in US durable goods orders for October
Orders for goods made to last more than three years plumeted in October amid sharp drops in those for both civilian and military aircraft, although the underlying data was stronger.
Walcom 'significantly restrained' by delinquent payments
Animal feed outfit Walcom told investors on Wednesday that it was yet to receive a RMB 4. 96m (£556,000) payment from its largest customer, leading it to commence legal proceedings against the buyer in order to recover the funds.
Finsbury Food on track for full year after contract wins
Speciality bakery manufacturer Finsbury Food said on Wednesday that its FY19 results should be in line with expectations thanks to a number of contract wins.
Sosandar's revenue growth offset by rising admin costs
Online retailer Sosandar turned in a bigger than expected loss from the first half of its trading year as rising revenues were offset by increased operating and administrative expenses.
Europe midday: Stocks bounce on Italian budget hopes
Stocks across the Continent are staging a bounce amid hopes that the worst scenarios in the ongoing budget tussle between Brussles and Rome may finally be averted.
Indivior 'should emerge' in time, but analysts cautious for now
Analysts said Indivior will need to take significant action to reduce the cost base and address its debt arrangements after losing a key US court decision.
NewRiver upbeat on first half despite industry-wide struggles
NewRiver REIT reported “robust” cash returns in its half-year results on Wednesday, even as funds from operations decreased to £25. 3m from £26. 5m year-on-year.
TalkTalk on track as it expands fibre proposition
TalkTalk Telecom Group updated the market on its trading for the six months ended 30 September on Wednesday, reporting continued growth in its broadband base and headline revenue, while reiterating its full-year expectations.
TalkTalk launches new fibre-optic network subsidiary
TalkTalk announced an acceleration of its full fibre strategy on Wednesday, with the launch of a company to build a new broadband network across Britain.
Cambria Automobiles revenues hit the skids as Brexit uncertainties remain
Cambria Automobiles has seen profits and revenues decline amid a major overhaul of operations and ongoing uncertainties around the UK's exit from the EU.
Alpha Financial Markets' earnings boosted by improved revenues and cash conversion
Wealth management consultancy Alpha Financial Markets saw earnings get a boost from improved revenues and a significantly improved cash conversion throughout the first half of its trading year.
US pre-open: Stocks set for rebound; Apple in focus again
US stocks looked set to bounce back from heavy losses on Wednesday ahead of the Thanksgiving break, with Apple in the spotlight once again.
London midday: Stocks push higher as May's Brexit talks eyed
London stocks had extended gains by midday on Wednesday, helped along by well-received results from Johnson Matthey as Theresa May headed to Brussels for crunch talks on her Brexit deal.
Maintel shares tumble as delayed revenues drag EBITDA
Maintel shares tumbled in early trading on Wednesday after the cloud services provider warned investors of lower revenues and earnings in its second half.
NMC Health surges on JPMorgan upgrade
UAE healthcare provider NMC Health surged on Wednesday as JPMorgan Cazenove said it continues to be a strong growth story thanks to a mix of organic initiatives and aggressive M&A activity and bumped the stock up to 'overweight' from 'neutral', hiking the price target to 4,265p from 3,450p.