Market Report
Immedia launches 'DreamStream X' content platform
Immedia announced its latest DreamStream X content platform on Wednesday, which it said offers brand-owned interactive entertainment channels to global fan bases via mobile and web.
Forterra trading strongly after Bison acquisition
Masonry products producer Forterra updated the market on its trading to 31 October on Wednesday, saying that it continued to be underpinned by “good activity levels” in the new build residential sector, resulting in double-digit growth of brick and aggregate block volumes for the 10 months to October compared with the same period last year.
MySQUAR reaches 20 million user milestone
Myanmar-language social media, entertainment and payments platform MySQUAR announced on Wednesday that as of 31 October, the total number of registered users across all apps and games exceeded 20 million.
DotDigital gobbles up Comapi in £11m deal
Digital marketing software-as-a-service and managed services provider dotDigital Group has completed the acquisition of the Comapi group of companies for a cash consideration of £11m, it announced on Wednesday.
FTSE 100 movers: Housebuilders slump on Budget; StanChart rallies
London's FTSE 100 was up 0. 5% to 7,447. 38 in afternoon trade on Wednesday, as investors digested Chancellor Philip Hammond's Autumn Budget.
Durable goods orders fall in October, weighed down by volatile aircraft component
Orders for goods made to last more than three years slowed much more quickly than expected last month amid a decline in those for aircraft, both civilian and military.
Budget: Chancellor reveals 1.3% UK growth forecast for 2019, lower public debt
UK gross domestic product growth is expected to be even worse than expected in coming years due to lower productivity, public spending cuts and Brexit-related uncertainty, with growth expected to slow to just 1. 3% for two years from 2019.
US initial jobless claims drop a little more than expected
The number of Americans filing for unemployment benefits fell a touch more than expected last week, according to data from the Labor Department.
Europe midday: German stocks little changed amid high-level political contacts
Stocks are seeing modest gains as traders wait for the release of the minutes of the US Federal Reserve's last rate-setting meeting in the evening and monitor the news-flow out of Germany, amid speculation that a 'grand coalition' between Germany's two main political parties, the centre-right CDU/CSU and the Socialist SPD, may yet be possible.
Orosur Mining expects 2,000 ounce deferral as production halted for repairs
Canadian gold production and exploration firm Orosur Mining was expecting a deferral of approximately 2,000 ounces from the second quarter production at its San Gregorio West (SGW) mine complex in Uraguay as production was delayed due to essential repairs.
Van Elle profits up 15% on 'positive' first-half trading
Geotechnical engineering contractors Van Elle Holdings saw "positive" trading over the first half of its financial year, increasing pre-tax profit roughly 15% with the board expecting to report a turnover in the vicinity of £53m.
Asia report: Most markets higher as oil prices rise further
Markets in Asia were mostly higher on Wednesday, with Hong Kong’s benchmark breaking through the 30,000 level, following a strong session on Wall Street overnight.
Fresh elections in Germany still most likely outcome, Berenberg says
The German state has not been left moribund by the recent failure of talks aimed at forming a new coalition government, nor will it significantly derail a push for reforming the euro area's architecture or the Brexit negotiations, a top-rated economist said.
NewRiver makes solid first-half progress as developments continue
Retail-focussed real estate investment trust NewRiver was upbeat on its first half results on Wednesday, reporting that its convenience-led strategy was delivering “growing and sustainable” cash returns to shareholders.
London midday: Stocks push up ahead of Budget; Kingfisher and Reckitt lead pack
London stocks had extended gains by midday on Wednesday as investors sifted through corporate releases ahead of the Autumn Budget.
US pre-open: Stocks to nudge up ahead of FOMC minutes
US futures pointed to a marginally firmer open on Wall Street on Wednesday following record highs in the previous session, as investors looked to the minutes of the latest FOMC meeting.
HICL Infrastructure reports solid first half cash flow generation
HICL Infrastructure Company posted its interim results for the six months to 30 September on Wednesday, reporting that its portfolio achieved “good cash flow generation” and an annualised total return ahead of expectations.
Online revenue grows as Best of the Best looks to leave face-to-face retail sales behind
Weekly competition organiser Best of the Best (BOTB) informed investors on Wednesday that the group had seen "solid" trading across the six months leading to 31 October.
Improved margins lead to stronger profits for Creightons
Toiletries group Creightons reported a 21% jump in pre-tax profits in the six months leading to 30 September on the back of improved margins and increased revenues.
Eckoh on track after strong first half
Eckoh said it was on track to meet expectations for the second half after its US business drove strong performance in the first six months of the year.