Market Report
Marston's brewing business is an ignored asset, says Canaccord
Fuller's sales of its London Pride brand and other brewing operations for almost 24 times profits has led broker Canaccord to rethink valuations of other pubcos.
Europe midday: Stocks gain on US-China trade news, talk of common euro area budget
Stockmarkets on the Continent are modestly higher after the US President signaled a more lenient stance towards China on trade and amid talk that Paris and Berlin might be set to agree on a common budget for the Eurozone.
UK government to protect companies with new outsourcing rules
The UK government will on Wednesday announce measures to reduce risks taken by private firms that provide public services, as it seeks to assist companies that have become increasingly wary of taking on new government business in the wake of Carillion's collapse last year.
Eden Research gets Maltese approval for 'Cedroz' product
Biopesticide provider Eden Research announced on Wednesday that its commercial partner, Eastman Chemical Company, has received authorisation for Eden's nematicide formulation, marketed as Cedroz, from the Regulatory Affairs Directorate in Malta.
UK manufacturing order books bounce back, finds CBI
UK manufacturing order books have bounced back from their blip a month ago, research from the CBI has found.
Manufacturers warn no-deal Brexit will 'kill off' some sectors
UK manufacturers have warned the government that leaving the EU without a deal would be "catastrophic" for the sector and that the prospect of applying zero tariffs on imported goods as a consequence would kill off certain sectors of industry "overnight".
London midday: Stocks off highs as Sainsbury's slides on merger blow
London stocks were off earlier highs by midday on Wednesday as Sainsbury’s proved a drag after the competition watchdog cast doubt over its merger with Asda, with investors keeping their powder dry ahead of the Federal Reserve minutes and possible developments from Theresa May’s latest talks in Brussels.
Lidco's recurring revenues soar as HUP offering picks up steam
Hemodynamic monitoring outfit Lidco saw recurring revenues soar in its last trading year after the group made continued progress with its high usage programme (HUP) business model in the first 18 months since its launch.
US pre-open: Stocks seen touch weaker ahead of Fed minutes
US futures pointed to a marginally weaker open on Wall Street on Wednesday as investors mulled over the latest developments in Sino-US trade relations and looked to the release of Federal Reserve minutes.
Trump says trade talks with China going 'very very well'
US President Donald Trump said trade talks with China were going "very very well" and said he would be willing to delay the 1 March deadline that would see tariffs on Chinese products rise from 10% to 25%.
Enteq revenues soar in second half
Oilfield services group Enteq Upstream expects revenue and underlying earnings from its soon to be wrapped up trading year to be "materially ahead of expectations".
CyanConnode gets follow-on order from Indian utility
Mesh networks specialist CyanConnode Holdings has received a follow-on order from Larsen & Toubro (L&T) for the Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company (MPWZ), worth around $0. 48m, it announced on Wednesday.
Lloyds delivers bumper payout as PPI charges fall
Lloyds Banking Group lifted its dividend 5% and proposed a £1. 75bn share buyback after a year of "strong strategic and financial delivery".
Sales fall at Laura Ashley as it clears long-term debt
Laura Ashley Holdings issued its interim results for the 26 weeks ended 31 December on Wednesday, reporting a fall in total group sales to £122. 9m from £134. 7m year-on-year.
Impellam to demerge Carlisle Support Services subsidiary
Impellam Group announced a demerger of its wholly owned subsidiary, Carlisle Support Services Group, as the next step in driving margin and EBITDA growth by focusing on its collaborative managed services and specialist staffing portfolio on Wednesday.
US carrier Mesa involved in fresh bid for Flybe
US-based regional airline Mesa Air Group is involved a bid to save struggling British carrier Flybe, it was revealed on Wednesday morning.
Intu earnings fall after tough year
Intu Properties reported a fall in earnings in its audited results for 2018 on Wednesday, with the underlying figure dropping to £193. 1m from £201m in the prior year.
Gooch & Housego shares tank as demand declines
Photonics manufacturer Gooch & Housego warned investors on Tuesday that it had seen a downturn in demand for its products in the first four months of its trading year.
Castleton Technologies acquires Indian business
Software and services provider Castleton Technology has snapped up the firm previously known as CarbonNV InfoLogic India for a total consideration of £350,000.
IMImobile names Bruce Bales as North American CEO
Cloud communications software provider IMImobile appointed industry veteran Bruce Bales to take on the role of North American chief executive on Wednesday.