Market Report
Everyman Media Group 2017 trading in line
Cinema operator Everyman Media Group said on Wednesday that trading in 2017 has been line with market expectations as it maintained a positive outlook for this year and beyond.
Rio Tinto agrees $500m sale price for French smelter
Rio Tinto has received a binding offer to sell its Dunkerque aluminium smelter in northern France for $500m from Tata Steel owner Liberty House.
Interserve climbs after reassurance on profit and debt
Support services and construction group Interserve reported a more "consistent" trading performance for its financial year after issuing a pair of profit warnings in the autumn.
Moss Bros warns on profits after 'tough' December
Hot on the heels of profit warnings from Debenhams and Mothercare, specialist menswear retailer Moss Bros warned on Wednesday that full-year pre-tax profit was likely to come in “slightly below” current market expectations due to lower-than-anticipated footfall in December.
Soco International opts to impair $220m of charges from non-core African assets
Oil and gas exploration and production group Soco International, which had been in merger talks with Kuwait Energy for some time, announced on Wednesday that production from its Vietnamese operations remained in line with guidance.
Construction output disappoints as commercial building slides
UK construction output in November rose for the first time since August but growth remained weak and remained in decline at the underlying level.
Euromoney sells II Journals to Pageant Media
Business information and events group Euromoney has sold its Institutional Investor Journals (II Journals) business segment to Pageant Media for an undisclosed sum.
Chinese consumer prices rise less than forecast in December
Chinese consumer prices fell short of forecasts in December alongside a drop in factory gate inflation in the Asian giant to a 13-month low, possibly opening the way up for looser central bank policy.
FCA warns of failings in firms providing CFDs to retail investors
Several City brokers providing contracts for difference (CFDs) to retail investors are causing "serious concern" at the UK financial regulator, which wrote to 19 providers with a warning about their conduct.
US pre-open: Stocks seen retreating from record highs; bond yields in focus
US futures pointed to a weaker open on Wall Street on Wednesday after all three indices closed at record highs in the previous session, as investors eyed speeches from Fed officials.
London midday: Stocks flat as investors digest data; banks and retailers rally
London stocks had flattened out by midday on Wednesday, erasing earlier small gains as investors digested the latest reading on industrial production, with retailers in focus again following updates from Sainsbury’s, Ted Baker and Superdry.
UK industrial production rises for eighth month in a row
UK industrial production notched up its strongest run of growth in 23 years as output from the manufacturing sector rose more than expected, official data showed on Wednesday.
Focusrite closes out year with continued strong growth
Music and audio product group Focusrite announced further revenue and cash growth over its last trading quarter.
Rainbow Rare Earths begins drilling of Burundi asset
High-grade rare earth producer Rainbow Rare Earths has commenced drilling at its Gakara Project in Burundi.
Frontera Resources eyes January date for Georgian drill operations
AIM-quoted oil and gas exploration and development company Frontera Resources received notification from its drilling contractor that mobilisation of the drilling rig to its T-45 well site would begin on 15 January.
Dixons Carphone FD Humphrey Singer to replace Weir as M&S CFO
Marks and Spencer said on Wednesday that Humphrey Singer - currently group finance director at Dixons Carphone - will replace Helen Weir as chief finance officer.
Tullow Oil 2017 cash generation beats expectations
Tullow Oil said on Wednesday that it expects to generate free cash flow above expectations for 2017 thanks to high levels of production and cost efficiency.
Centamin beats 2017 production forecast and expects more in 2018
Centamin unearthed more gold from its Egyptian mine than expected last year and expects to increase production by another 6% in 2018.
OneSavings Bank slides as JC Flowers sells 10% stake
OneSavings Bank was in the red on Wednesday after private investment firm JC Flowers & Co sold around 24. 3m shares in the company.
WPP buys Portuguese creative agency BAR
Advertising giant WPP has acquired Portuguese creative agency BAR for an undisclosed sum.