Market Report
Elecosoft appoints Simon Morgan as new finance director
Construction software specialist Elecosoft announced the appointment of Simon Morgan as its finance director with immediate effect on Wednesday.
Empire State manufacturing index drops more than expected in November
Manufacturing activity in the New York Fed's jurisdiction deteriorated more than expected in November, according to data released on Wednesday.
US retail sales jump past forecasts in October
Retail sales volumes in the States increased more quickly than expected last month, amid a jump in demand for motor vehicles and parts in the wake of the hurricanes that struck the Gulf of Mexico.
US core CPI edges past forecasts, some economists see big rise ahead
The cost of the living in the States increased a tad more quickly than expected last month as rising prices for used cars and trucks, shelter and medical care services pushed the so-called 'core' rate higher.
Jeffrey Karoly installed as CFO at Condor Gold
Condor Gold announced the appointment of Jeffrey Karoly as its chief financial officer with immediate effect on Wednesday.
Bango brings mobile payments to Google Play in Nigeria
Mobile payments company Bango has launched operator-billed payments for Google Play users with 9mobile in Nigeria, it announced on Wednesday.
Ascent begins export production from two Slovenia wells
Europe-focussed oil and gas exploration and production company Ascent Resources updated shareholders on the start of export production from the Petišovci field in Slovenia on Wednesday, confirming that it commenced export production from well Pg-10 on 2 November, with production from well Pg-11A added on 3 November.
UBS sees S&P 500 at 2,900 by year-end 2018
The balance of risks for US equities is skewed to the upside, UBS said in an equity strategy note, as it targets a year-end 2018 level of 2,900 for the S&P 500.
Akers Biosciences shares retreat after third quarter
Screening and testing product manufacturer Akers Biosciences grew revenues 10% in its third quarter of trading thanks to strong sales of its breathalyser and rapid cholesterol testing products.
Europe midday: Stocks retreat further as Basic Resources rout continues
European stocks are near their worst levels of the session, weighed down by strength in the euro and increased caution on the part of investors on the back of what some analysts described as "diminished expectations for US tax reforms".
Tune Hotel in Newcastle to receive easyHotel treatment
Owner, developer and operator of so-called ‘super-budget’ hotels easyHotel has agreed to take over the 104-room Tune hotel in Newcastle, it announced on Wednesday.
London midday: Stocks extend losses after wages data; miners weigh
London stocks fell to a six-week low by midday on Wednesday as data revealed that UK wages continued to lag inflation, with some signs of weakness in the employment market.
French core CPI inflation remains subdued in October
The cost of living in France increased last month, bolstered by higher fresh food prices, especially butter, amid slight signs of building price pressures, according to economists.
UK wages still under pressure as employment market falters
UK average wage growth has persisted in wallowing below inflation, official figures showed on Wednesday, while the employment market showed signs of faltering.
US pre-open: Stocks seen lower amid tax reform woes; data eyed
US futures pointed to a downbeat session on Wall Street on Wednesday ahead of a slew of data releases and amid concerns about the progress being made on tax.
Asia report: Softer sentiment carried into Wednesday session
Softer sentiment continued in Asian markets on Wednesday, with most markets closing lower as energy stocks dropped on weaker oil prices.
Talk not cheap for TalkTalk as strong customer growth dents profits
TalkTalk Telecom drummed up an impressive number of new customers in the first half of the year but at the expense of profits, which fell into the red and will be towards the lower end of its guided range for the full year.
BP kicks off share buybacks
Oil giant BP said on Wednesday that it will begin a share buyback programme to repurchase up to 1. 96bn shares.
Avon Rubber profits rise on increased orders
British manufacturer Avon Rubber saw it operating profits rise to £25. 8m in the year ending 30 September thanks to a 22. 2% year-on-year increase in its order book.
Wey Education to acquire complementary education business
London-based group Wey Education launched a share in issue on Wednesday as it aimed to raise £5m in order to fund the acquisition of complementary education business Target for as much as £2. 17m.