Market Report
Indivior fights to prevent loss of 80% of Suboxone market share
A day after a US appeals court judge lifted restrictions on a copycat version of its biggest-selling drug, Indivior said it could lose up to 80% of its market share for the anti-opioid addiction treatment.
ScS hails good performance from core business
Home furnishings retailer ScS hailed a good performance from its core business on Wednesday ahead of its annual general meeting.
SSP profit jumps, CEO Kate Swann heads for the exit
SSP posted a rise in full-year profits on Wednesday thanks in part to new contracts, as it announced that Kate Swann will be stepping down from her role as chief executive officer after more than five years at the company.
Johnson Matthey first-half profit rises, on track for full year
Johnson Matthey reported a rise in first-half profit on Wednesday as it said its full-year operating performance would be towards the upper end of its guidance.
Augean expects profits to be 'materially ahead' of forecasts
Specialist waste management outfit Augean expects profits to come in "materially ahead" of market expectations as a result of stronger trading across the group in the second half.
Paragon profits push higher as diversification pays off
Full-year profits at Paragon Banking Group rose as the bank's efforts to diversify began to bear fruit.
London open: Stocks rise despite dismal US session; JMAT surges on results
London stocks rose in early trade on Wednesday despite another dismal session on Wall Street, with Brexit still very much in focus as Theresa May headed to Brussels for more talks.
Amerisur secures 100% interest in Mecaya asset
Oil and gas outfit Amerisur Resources has taken full ownership of the Mecaya block in Colombia under new "attractive" terms that will see it pay some cash now and royalties later.
United Utilities upbeat on performance ahead of AMP7
United Utilities reported a “strong” financial performance in its half-year results to 30 September on Wednesday, with an underlying operating profit rising to £367. 8m from £344m, and a reported operating profit of £339. 1m, up from £341. 8m.
CMA clears Auto Trader's JV with Cox Automotive
The Competition and Markets Authority has cleared Auto Trader's joint venture with Cox Automotive to provide a digital marketplace for wholesale vehicles in the UK.
London pre-open: Stocks to edge higher as May heads to Brussels
London stocks were set to rise at the open on Wednesday following losses in the previous session, with all eyes on any Brexit developments.
Kingfisher sees small sales gains, Indivior to lose up to 80pc of market share
London open The FTSE 100 is expected to open 23 points higher on Wednesday, having closed down 0. 76% at 6,947. 92 on Tuesday.
Wednesday newspaper round-up: Brexit, Amazon, Stobart, Renault
The US-China trade standoff will continue to weaken confidence in the global economy into next year, economists have warned, as the increasingly gloomy outlook for growth dragged on share markets across the world. Plunging oil prices and intensifying concerns about technology stocks in the US spread contagion to Asia Pacific markets on Wednesday after renewed losses on Wall Street. – Guardian.
US close: Technology woes drag markets down again
Wall Street trading finished as red as it started on Tuesday, with technology plays in focus again following a dismal session the day before.