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Patisserie Holdings' woes worse than originally thought
Scandal-hit Patisserie Holdings, which discovered a £40m black hole in its accounts last year, said on Wednesday that it had discovered thousands of false entries into its ledgers and that its profitability was likely to be much lower than it originally estimated.
May survives no confidence vote, calls on MPs to unite over Brexit
UK Prime Minister Theresa May won a confidence vote on Wednesday night by 325 votes to 305 as Labour leader Jeremy Corbyn failed in his bid to force an election.
Thursday preview: US data, ABF in the spotlight
Investors will be eyeing another batch of key economic indicators in the States on Thursday, with the Philly Fed's regional manufacturing index at 1330 GMT perhaps the most interesting of the lot.
Director dealings: City Pub Group boss buys at 200-day moving average
City Pub chief, Clive Watson, added to his holdings in the firm, right as the stock peeped above its 200-day moving average following the release of the company's latest trading statement.
FTSE 250 movers: Metro Bank chugs upward while Hochschild fails to sparkle
London’s FTSE 250 was down 0. 18% at 18,463. 31 in afternoon trade on Wednesday, with Metro Bank and housebuilders driving the upward move.
Manx Telecom on track as fibre broadband rollout gathers momentum
Manx Telecom on Wednesday said it is on track to meet expectations after its fibre broadband rollout remained on track and the company achieved “good” revenue growth.
US crude oil stockpiles shrink, but product inventories jump further
US crude oil inventories fell by more than was expected last week as net imports dropped, but product stockpiles continued to build rapidly, helped by another leg up in domestic oil production.
London close: Stocks finish on mixed note ahead of no confidence vote
London stocks finished on a mixed note on Wednesday as Theresa May faced a vote of no confidence, but in any case losses for the top flight index weren't too pronounced, thanks to a strong performance from the housebuilding sector and hopes of a Brexit delay.
Seeing Machines' revenues to drop amid restructuring
Seeing Machines reported on Wednesday that its interim revenues will be lower than those seen last year following a restructuring of its Fleet business division.
Pound offers 'sizeable' potential from softer Brexit
The pound's reaction to Theresa May huge defeat in the meaningful vote on her Brexit deal was muted on Wednesday, with investors and analysts trying to decipher the political runes for the best way to make a buck.
Xtract Resources jumps after securing contractor agreement for Mozambique concession
Xtract Resources jumped on Wednesday after its wholly-owned Mozambican subsidiary, Explorator, concluded an additional mining contractor agreement with Huafei Gold Resources.
TheWorks benefits from 'Squishies' trend but losses remain flat
Value retailer TheWorks reported flat adjusted losses for the first half of the year, but declared its first dividend payment since floating last summer and said sales momentum had continued in the second half.
Sector movers: Resources a drag, life insurers continue rally
London's blue chip stocks were dragged into the red by oil companies and miners, while life insurers and Brexit-sensitive sectors such as retailers and housebuilders were noticeable on the upside.
US open: Bank earnings boost Wall Street
US stocks are managing to eke out small gains on Wednesday on the back of better-than-expected bank earnings from the likes of Bank of America and Goldman Sachs and the latest Brexit news from across the pond.
Corbyn accuses May of running 'zombie' govt
Labour leader Jeremy Corbyn accuse Prime Minister Theresa May of running a “zombie government” as he demanded her resignation ahead of a no-confidence vote on Wednesday night.
FTSE 100 movers: Housebuilders boosted by Bovis update; Pearson marked lower
London's FTSE 100 was down 0. 5% to 6,862. 52 in afternoon trade on Wednesday as PM Theresa May braced for a vote of no-confidence in her government.
Somero Enterprises boosted by 'record' results and Line Dragon acquisition
Shares of Somero Enterprises jumped on Wednesday after stating that it expected revenues for 2018 to beat market expectations and announced it had acquired the assets of Line Dragon LLC for $2. 0m in cash.
M&S to cut plastic from fruit and veg packaging
M&S said on Wednesday it will start to sell over 90 lines of loose fruit and vegetables in its latest move to produce sustainable plastic-less packaging.
Goldman Sachs posts jump in profits on merger-advisory, trading weak
Goldman Sachs posted a big jump in profits at the tail-end of 2018 despite lacklustre trading activity.
US housebuilder sentiment improves in January
Sentiment among US housebuilders unexpectedly improved in January, according to data released on Wednesday.