Market Report
Yu Group raises £12m for investments in growth
Independent supplier of gas and electricity to the corporate sector, Yü Group, has raised £12. 0m in gross proceeds, it announced on Wednesday, through a placing of 1. 2 million new ordinary shares at a price of £10. 00 each.
UK expels 23 Russian diplomats over Salisbury nerve agent poisoning
The UK will expel 23 Russian diplomats after the Kremlin failed to explain its involvement in the poisoning of former double agent Sergei Skripal and his daughter Yulia.
WTI dips after US DoE reports 5.0m b/d stockpile increase
US oil product stockpiles shrank at an accelerated rate last week, amid a small increase in the rate of refinery use.
Corero confirms two orders for its 'SmartWall' system
Network security company Corero Network Security announced two orders for its ‘SmartWall’ threat defense system technology on Wednesday, with a combined value of $0. 9m and additional incremental orders expected in 2018.
Morrisons drops as payout on 'continued growth' fails to convince
Supermarket group Morrisons announced a special dividend on top of its annual payout as management expressed confidence that the company will continue to grow sales and profits.
Melrose proposes binding GKN undertakings to MPs
Melrose Industries has sought to reassure MPs about its proposed hostile takeover of GKN by proposing binding commitments on research, pensions and other matters of political concern.
US factory gate prices slightly higher than expected in February
US wholesale prices edged past economists' forecasts in February, but only slightly.
OnTheMarket signs up 1,000 offices since AIM admission
Online property portal operator OnTheMarket announced on Wednesday that, in the first five weeks since admission to AIM, additional agent firms with more than 1,000 offices were now in listing agreements with the company.
LightwaveRF abandons exclusive distribution model
Smart home solutions provider LightwaveRF announced a series of expanded distribution arrangements covering both the UK retail and wholesale sectors on Wednesday - one of which would lead to Lightwave devices being sold by the John Lewis Partnership.
Physiomics awarded a new Innovate UK grant
Cancer treatment prediction technology company Physiomics has been awarded a new grant by Innovate UK, it announced on Wednesday.
Asia report: Markets weaker on renewed Trump trade war concerns
Markets in Asia finished in the red on Wednesday, as traders once again reacted to political developments in the US, with the ousting of Secretary of State Rex Tillerson and reports the Trump administration was considering further punitive tariffs aimed at China.
Everyman Media profit jumps amid expansion
Everyman Media, the owner of the Everyman cinema chain, reported a big jump in full-year profit on Wednesday as it continues to expand.
London midday: Stocks rise as investors cheer Prudential spin-off; US retail sales eyed
London stocks were adding to their early gains by midday on Wednesday, recovering somewhat from losses in the previous session as a strong performance from miners and Prudential lent a hand.
Marshalls profit rises, dividend gets a boost
Marshalls posted a jump in full-year profit and revenue on Wednesday as the specialist landscape products group upped its final dividend by 17%.
Broadcom withdraws and terminates Qualcomm offer
Singapore-based Broadcom has withdrawn and terminated its hostile offer to buy US chipmaker Qualcomm after President Trump blocked the deal on the grounds of national security.
Touchstone's new wells 'encouraging' as company targets further drilling
Oil and gas exploration and production company Touchstone Exploration announced strong production from its newly drilled wells and further drilling projects on Wednesday.
SDX Energy strikes oil at Egyptian concession
Oil and gas exploration and production company SDX Energy has made an oil discovery at its West Gharib Concession in Egypt, the company said on Wednesday.
US pre-open: Stocks seen higher ahead of retail sales
US futures pointed to a firmer open on Wall Street on Wednesday following losses in the previous session, as investors look ahead to the release of retail sales data.
Europe open: Stock buffeted by crosswinds from China, US
Stocks on the Continent are heading higher, with what appears to be strong readings on China's economy helping to offset the drag from Tuesday's profit-taking on Wall Street as traders paused for breath amid news that the US Secretary of State had gotten canned.
Gem Diamonds sparkles on diamond recovery, revenue jump
Gem Diamonds sparkled on Wednesday as it announced the recovery of yet another diamond of more than 100 carats and said full-year revenue rose 13%.