Market Report
Cello Health reports positive momentum as it works on US market
Healthcare-focussed advisory firm Cello Health reported a 6. 8% improvement in net revenue to £54. 5m in its half-year results on Wednesday, with its like-for-like constant currency net revenue growth standing at 4. 5%.
Image Scan warns of 'disappointing' security sales
X-ray systems supplier Image Scan warned on Wednesday that its security sales had been "disappointing" during the third quarter of its trading year.
Velocys narrows operating loss as it works to deliver on projects
Sustainable fuels technology company Velocys reported a fall in revenue to £22k, from £0. 39m year-on-year, in its interim results on Wednesday.
Eckoh trades in line as US and UK revenues grow
Secure payments provider Eckoh said on Wednesday that it had traded in line with expectations for the full year, reflecting good revenue growth in both the UK and US.
Pendragon swings to first-half loss, to cut 300 jobs
Car dealer Pendragon said on Wednesday that it swung to a loss in the first half in "challenging" markets as it scrapped its dividend, sounded a downbeat note on the outlook and announced the loss of around 300 jobs.
AFH Financial acquires Broadleaf Financial Services
Wealth management firm AFH Financial has acquired Wirral-based independent financial advisers Broadleaf Financial Services for up to £3. 2m.
Europe open: Markets mixed ahead of Fed meeting, oil drops
European stocks were mixed on Wednesday morning as markets remained subdued ahead of the US Federal Reserve meeting, while oil prices continued to retreat from Monday's highs.
Safestay buys Glasgow hotel for £3.15m
Hostel operator Safestay has agreed to acquire the freehold of its fifteenth hostel, currently operating as Best Western Glasgow City Hotel.
JPMorgan downgrades Weir, cites challenges in oil & gas
JPMorgan Cazenove downgraded its rating on shares of Weir Group to ‘neutral’ from ‘overweight’ on Wednesday, cutting the price target to 1,500p from 1,650p as it said oil & gas challenges were set to persist as it reviewed its investment case after recent share price strength.
Keywords Studios hikes dividend after strong Q1
Technical and creative services firm Keywords Studio hiked its interim dividend on Wednesday as it posted a rise in revenue and pre-tax profit.
Great Portland Estates agrees flexible office partnership with Knotel
Property development and investment firm Great Portland Estates has inked an office partnership agreement with flexible workspace provider Knotel across 82,000 square feet at City Place House in East London.
RDI REIT offloads German shopping centre for EUR 91m
RDI REIT has exchanged contracts with Volksbank eG Braunschweig Wolfsburg to sell its Bahnhof Center in Altona, Hamburg for €91m (£80. 67m), it announced on Wednesday.
London open: Stocks nudge up ahead of inflation data, Fed announcement
London stocks were just a touch higher in early trade on Wednesday, with traders reluctant to make any bold moves ahead of key UK inflation data and the latest policy announcement from the Federal Reserve.
Europa Oil & Gas awarded new offshore Morocco exploration permit
UK and Ireland-focussed oil and gas exploration, development and production company Europa Oil & Gas Holdings has been awarded a new Exploration Permit - the Inezgane Offshore Permit - covering an area of 11,228 square kilometres in the Agadir Basin, offshore Morocco, it announced on Wednesday.
ConvaTec to snap up Texas-based catheter supplies firm
Medical products and technologies provider ConvaTec Group has signed an agreement to purchase the assets of Southlake Medical Supplies - a Texas-based independent provider of catheter-related supplies - for an undisclosed consideration, it announced on Wednesday.
Games Workshop trading in line, declares 35p dividend
Miniature war game manufacturer Games Workshop said on Wednesday that trading was in line with the board’s expectations, as it declared a dividend of 35p a share.
London pre-open: Stocks seen lower ahead of inflation data, Fed announcement
London stocks were set to fall at the open on Wednesday as investors eyed key UK inflation data and the latest policy announcement from the Federal Reserve.
Kingfisher profits fall on Brexit concerns, ConvaTec snaps up US catheter supplies firm
London open The FTSE 100 is expected to open 11 points lower on Wednesday, having closed down 0. 01% t 7,320. 40 on Tuesday.
Wednesday newspaper round-up: Stockpiling, Sirius Minerals, BHP, Help to Buy
Britons are £128 a year worse off on average than they were in 2008, according to a report that reveals household incomes were hit harder in the wake of the financial crash than official figures have revealed. The New Economics Foundation said figures used to calculate GDP, which is adjusted to take account of rising prices, failed to include essential items that affected the cost of living over the last 10 years. – Guardian.