Market Report
Centene to buy smaller rival WellCare in $17.3bn deal
US health insurer Centene has agreed to buy smaller rival WellCare in a $17. 3bn cash and stock deal.
Quadrise to collaborate with Bitumina on 'MSAR' projects
Quadrise Fuels has entered into a memorandum of understanding with Bitumina Industries UK, it announced on Wednesday, represented by Bitumina General Trading of Dubai.
Frontier IP makes good progress with portfolio in first half
University intellectual property commercialisation specialist Frontier IP Group reported a 27% improvement in the fair value of its portfolio to £11. 51m in its half-year results on Wednesday, or which was an increase of 43% year-on-year.
RDI REIT confirmed unsolicited offer from Cromwell Property Group
RDI REIT was forced to respond to recent press speculation on Wednesday morning, confirming it had received an unsolicited approach from Cromwell Property Group regarding a potential offer to acquire all of the issued and to be issued shares of RDI REIT.
Evraz prices $700m notes issue to refinance debt
Evraz has priced a $700m notes issuance with maturity in April 2024, it announced on Wednesday, with a coupon rate of 5. 25% per annum.
Elon Musk will confront SEC in court in April
Lawyers for Tesla boss Elon Musk, and the US Securities and Exchange Commission will face each other in a court in Manhattan next month over the regulator's call for Musk to be held in contempt.
Diploma sees FY results in line after 'robust' H1
Diploma said on Wednesday that results for the full year should be in line with expectations following a "robust" first half.
Avast shares slump as Sybil Holdings sells off 10% stake
Cybersecurity provider Avast was under the cosh on Wednesday after Sybil Holdings placed 95. 4m shares in the company at 284p each.
Bellway's interim profit rises amid strong demand
Housebuilder Bellway reported a rise in interim revenue and profit on Wednesday as it hiked its dividend as demand was propped up by the government's Help to Buy scheme and affordable mortgage finance.
London open: Stocks edge up as sterling dips ahead of indicative votes
London stocks rose in early trade on Wednesday, taking their cue from an upbeat session on Wall Street as sterling slipped ahead of the indicative votes due to take place in Westminster later in the day.
Hilton Food profits and revenue rise as Seachill provides a boost
FTSE 250 food packing business Hilton Food posted a jump in full-year profit and revenue on Wednesday as volumes were boosted by the integration of Seachill and the new shellfish business.
Goals Soccer Centres blows whistle over accounting errors
Five-a-side football operator Goals Soccer Centres has suspended trading of its shares on AIM following the discovery of a series of accounting errors.
AstraZeneca's Forxiga approved in Japan for type-1 diabetes
AstraZeneca announced on Wednesday that the Japanese Ministry of Health, Labour and Welfare has approved Forxiga (dapagliflozin) as an oral adjunct treatment to insulin for adults with type-1 diabetes.
Vodafone enters strategic consultancy agreement with Movicel Angola
Vodafone announced a strategic consultancy agreement with Movicel Angola on Wednesday, as part of its ‘Partner Markets’ programme in Africa.
Mike Ashley lays out Debenhams takeover demands, Vodafone partners with Movicel Angola
London open The FTSE 100 is expected to open 16 points higher on Wednesday, having closed up 0. 26% on Tuesday at 7,196. 29.
London pre-open: Stocks seen up as sterling slips ahead of indicative votes
London stocks were set for a positive open on Wednesday as sterling slipped ahead of the indicative votes due to take place in Westminster later in the day.