COMPANY NEWS
11:11
Wizz Air applies for UK licence to ensure post-Brexit operations
ep wizz air

Central and Eastern Europe-focused budget carrier Wizz Air has applied for an air operator's certificate and operating licence in the UK to make sure it can continue to operate in the country following Brexit.

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10:19
McDonald's South Korean offices raided
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South Korean prosecutors raided McDonald's Seoul office, as well as those of three partner companies, on Wednesday as part of a probe into allegations that the US fast food giant had been undercooking its meat, causing many customers severe illnesses.

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10:18
Be Heard's Agenda21 clinches digital contract with Addison Lee
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Digital marketing services group Be Heard Group clinched a contract with Addison Lee to help stimulate expansion of the car services provider's UK business.

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10:17
Miraflores feasibility study delivers positive findings for Metminco
Gold bars

A feasibility study into exploration and mining group Metminco's Miraflores gold project in Colombia revealed that the project had the potential to deliver production levels of nearly 45,000 ounces of gold per year.

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09:46
Softcat throws up hard cash amid growing demand for cyber security
softcat

IT products and service provider Softcat proposed a bumper dividend after generating double-digit annual growth in sales and profits, but said it has not yet found a replacement for departing CEO Martin Hellawell.

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09:38
Foxtons revenue drops in 'challenging' London market

Estate agency Foxtons reported a drop in third-quarter revenue on Wednesday amid challenging conditions in the London property market.

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09:26
Flybe nosedives after profit warning
Flybe Embraer E175 aircraft, transport, air travel

Shares in Flybe tanked on Wednesday after the budget airline warned that full-year profit would take a hit from higher-than-expected aircraft maintenance costs in the first half.

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09:17
DS Smith to buy Romanian packaging and paper group for EUR208m
ds smith

DS Smith has agreed to buy Romanian integrated packaging and paper group EcoPack and EcoPaper for an enterprise value of around €208m in a deal that is expected to be immediately enhancing to earnings.

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09:00
BHP Billiton copper output drops but FY guidance unchanged
bhp billiton

BHP Billiton posted a decline in iron ore production in the three months to the end of September, but said it remains on track to meet production targets for the year.

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08:55
Rio Tinto settles with FCA over Mozambique impairment, faces US fraud claims
rio tinto

Rio Tinto was slapped with a £27. 4m fine by the City watchdog for failings in its financial reporting process relating to the disastrous $3. 7bn purchase of coal mining assets in Mozambique, an issue that US regulators have also now begun to investigate.

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08:47
IP Group takeover of Touchstone goes unconditional
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IP Group updated the market again on its takeover offer for Touchstone Innovations on Wednesday, confirming that as at 1300 BST on Tuesday, it had received valid acceptances of its offer in respect of 155,859,312 Touchstone shares, representing 96. 6844% of Touchstone’s issued share capital.

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08:35
Nostrum flags delay to GTU3 completion
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Independent oil and gas company Nostrum Oil & Gas updated the market on the progress of GTU3 on Wednesday, reporting that due to the delayed delivery of some specially designed valves required for the tie-in of GTU3 with GTU1 and GTU2, it would not be possible to bring gas into GTU3 in 2017.

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08:24
Reckitt Benckiser cuts full year guidance, makes further pharma provision
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After bearing the brunt of a "soft" third quarter Reckitt Benckiser has downgraded its full year guidance, with the Vanish-to-Durex maker confident that it can overcome the continued challenging market.

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08:08
Rathbone Brothers funds under management rise in third quarter
rathbone brothers

FTSE 250 wealth manager Rathbone Brothers reported a jump in assets in the third quarter on Wednesday as inflows grew.

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07:46
Spectris completes acquisition of Omnicon
spectris

Spectris has completed the acquisition of privately-held US company The Omnicon Group, for an initial consideration of $29m.

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07:39
AstraZeneca granted priority review from FDA for Lynparza in metastatic breast cancer
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AstraZeneca said on Wednesday that it and Merck & Co have been granted priority review by the US Food and Drug Administration for a supplemental new drug application for the use of Lynparza (olaparib) tablets in patients with metastatic breast cancer who have been previously treated with chemotherapy.

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17 Oct
WH Ireland enters agreement with Polygon Global Partners
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WH Ireland, a financial services company, confirmed today that it had entered into an agreement with Polygon Global Partners, a multi-strategy platform focused on the creation of investment alpha.

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17 Oct
Kubera Cross-Border announces extension date for equity stake in Planetcast Media Services
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Kubera Cross-Border reported on Tuesday the extension of the "long stop date" for the disposal of the entire equity stake held in Planetcast Media Services.

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17 Oct
Director dealings: Beazley executive director sells after profit warning
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Adrian Cox, executive director of risk insurance and reinsurance group Beazley, sold 180,009 shares in the company on Tuesday at the price of 500p per share.

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17 Oct
Treasury Committee advisers to scrutinise FCA report on RBS
nicky morgan

One month after refusing to publish the skilled persons' report into the treatment of the Royal Bank of Scotland's Global Restructuring Group customers, the Financial Conduct Authority (FCA) agreed to allow the Treasury Committee to scrutinise its contents.

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