Market Report
Ubisense wins contract with 'premium' German carmaker
Enterprise location intelligence solutions provider Ubisense announced a new contract win in Europe for its RTLS SmartSpace division on Wednesday.
Proteome falls short on subscription to services
London-based protein biomarker firm Proteome received Good Clinical Laboratory Practice (GCLP) accreditation on Wednesday, enabling the firm to effectively compete for clinical stage contracts that commanded larger budgets, with the benefits of those expected to show in early 2018.
Europe midday: Stocks build on early gains, Fed policy and euro in focus
Stocks were building on their early advance come midday, buoyed by weakness in the single currency and the continuing grind higher by the main market indices on Wall Street.
Sainsbury's to axe 2,000 jobs as part of cost cutting plan
British grocery giant Sainsbury's was gearing up to cut 2,000 jobs across its UK stores and back offices, hoping to save more than £500m in the process, as the firm's price war with discounters such as Aldi and Lidl rumbles on.
London midday: Stocks tick higher as investors digest labour market data
London stocks had pushed a little higher by midday, with the pound slipping back against the dollar following a brief pop higher, as investors digested the latest data on UK wages and unemployment.
RWS agrees to buy Moravia in $320m+ deal
Intellectual property and support services provider RWS Holdings announced on Wednesday that it has entered into an agreement to acquire the entire issued share capital of Moravia US Holding Company and Moravia Lux Holding Company, which it describes as a “leading provider” of technology-enabled localisation services.
Revolution Bars boss quits after Stonegate bid rejected
Mark McQuater, chief executive of Revolution Bars, has stepped down with immediate effect a day after shareholders voted against a recommended takeover by Stonegate Pub Company.
Production issues hit margins at Chamberlin
Specialist castings and engineering group Chamberlin updated the market on its trading for the financial year to 31 March on Wednesday, reporting that revenues for the first six months of the current financial year were in line with management expectations.
Asia report: Markets mixed as Chinese Communist Party meets
Markets in Asia were mixed but little changed on Wednesday, as investors in the region were turning their attention towards Beijing and the Communist Party Congress for signals on the country’s policy direction.
Euro area construction output dips in August
Euro area construction output shrank slightly in August amid softer activity in both building and civil engineering.
US pre-open: Stocks seen a little higher as investors eye Dudley, Kaplan comments
US futures pointed to a slightly firmer open on Wall Street on Wednesday as investors eyed comments from Fed officials Dudley and Kaplan.
Xi hails 'new era' for China at opening of Communist Party congress
Chinese president Xi Jinping opened the Communist Party Congress with a three-hour speech on Wednesday in which he pledged to lead the country into a "new era", lowering trade barriers and deepening financial sector reforms.
Wizz Air applies for UK licence to ensure post-Brexit operations
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.
UK wages continue to lag inflation, putting ball in Bank of England court
UK wage growth continues to lag behind inflation, official figures showed on Wednesday, though shifts in the level of employment mean the Bank of England's decision on whether to raise rates in November is "on a knife edge", some economists feel.
Europe open: Stocks continue climbing, but periphery investors on edge
Stocks are mostly higher in the early party of the session, buoyed by weakness in the single currency and the continuing grind higher by the main market indices on Wall Street.
McDonald's South Korean offices raided
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.
Miraflores feasibility study delivers positive findings for Metminco
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.
Softcat throws up hard cash amid growing demand for cyber security
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.
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.
Flybe nosedives after profit warning
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.