Market News

Eco Atlantic gets approval to transfer Orinduik interest to Total

31/10/2018 14:55

(Sharecast News) - Guyana and Namibia-focussed oil and gas exploration company Eco Atlantic Oil & Gas announced on Wednesday that, further to its update on 13 September, Guyanese president and petroleum minister David Granger had approved the transfer of the 25% working interest in the Orinduik Bloc...

Concepta launching 'myLotus' fertility product in London

31/10/2018 14:52

(Sharecast News) - Concepta announced the launch of its 'myLotus' product for women's fertility at the Fertility Show in London on the weekend of 3-4 November on Wednesday.

Alba pleased with latest results from Inglefield Land

31/10/2018 14:49

(Sharecast News) - Diversified mineral exploration and development company Alba Mineral Resources reported results from the recent reconnaissance sampling programme completed at its 100%-owned Inglefield Land polymetallic project in north-west Greenland on Wednesday.

FTSE 250 movers: WH Smith boosted by upgrade; Computacenter crashes on Q3

31/10/2018 14:16

(Sharecast News) - London's FTSE 250 was up 1.5% to 18,940.40 in afternoon trade on Wednesday.

Chicago PMI drops to lowest level in six months in October

31/10/2018 14:01

(Sharecast News) - Economic activity in the Chicago area deteriorated a little more than expected in October, according to figures released on Wednesday.

Europe midday: Stocks rise at month's-end, analysts reserve judgement

31/10/2018 13:49

(Sharecast News) - Stocks are moving higher at month's end, mimicking a similar move on Wall Street overnight, despite another mixed batch of economic data out of the euro area.

GM swings to a profit despite decelerating sales

31/10/2018 13:43

(Sharecast News) - General Motors turned in strong beats on both the top and bottom line on Wednesday, despite selling fewer vehicles during the third quarter of its trading year.

Wednesday broker round-up

31/10/2018 13:07

(Sharecast News) - Auto Trader: UBS upgrades to buy with a target price of 445p.

Centrica appoints Charles Berry as new chairman

31/10/2018 13:05

(Sharecast News) - Energy and services outfit Centrica has tapped sector veteran Charles Berry as its new chairman, taking over from Rick Haythornthwaite who announced his intention to step down back in May.

EU Supply wins new contract with States of Guernsey

31/10/2018 12:58

(Sharecast News) - AIM-listed EU Supply said on Wednesday that it has agreed to licence its complete tender management (CTM) service platform as SaaS with support and related services to the States of Guernsey.

OGA signs off on Serica's field development plan for Columbus

31/10/2018 12:40

(Sharecast News) - Serica Energy announced on Wednesday that the Oil and Gas Authority (OGA) has approved the field development plan for the North Sea Columbus Development, which was submitted for approval in June.

Lighthouse renews deal with the BFAWU union

31/10/2018 12:38

(Sharecast News) - Financial advisory firm Lighthouse Group has agreed the renewal of its contract with the Bakers, Food and Allied Workers' Union, it announced on Wednesday, as the preferred provider of expert financial advice to its members.

Mosquito saliva peptide vaccine has hVIVO upbeat

31/10/2018 12:33

(Sharecast News) - Clinical development services business hVIVO confirmed on Wednesday that the National Institutes of Health had presented partial preliminary results from the recently-completed Phase I study of AGS-v at the American Society of Tropical Medicine and Hygiene's 67th annual conference...

States of Guernsey selects EU Supply procurement platform

31/10/2018 12:30

(Sharecast News) - Electronic procurement software provider EU Supply announced on Wednesday that the States of Guernsey had entered into an agreement to license its 'CTM' service platform as a software-as-a-service package, with support and related services.

GSK tightens guidance as new shingles drug boosts earnings

31/10/2018 12:27

(Sharecast News) - GlaxoSmithKline tightened up its full year guidance after a strong launch for its new Shingrix shingles vaccine helped the drug maker to a stronger than expected third quarter.

Asia report: Bourses in the green at end of red October

31/10/2018 12:13

(Sharecast News) - Most markets in Asia ended a tough month on a high note on Wednesday, finishing October's last session in the green.

PPHE Hotels sees revenues improve across all regions

31/10/2018 11:40

(Sharecast News) - Hotel real estate firm PPHE Hotel Group turned in a solid set of results for the first nine months of its trading year on Wednesday, with revenues per room improving across all regions in its third quarter.

US private sector adds more jobs than expected in October - ADP

31/10/2018 11:29

(Sharecast News) - Private sector employment in the US rose more than expected in October, according to data released by the ADP on Wednesday.

Peel Hunt gets 'excited' about InMotion deal, ups WH Smith to 'buy'

31/10/2018 11:27

(Sharecast News) - Peel Hunt upgraded WH Smith to 'buy' from 'hold' on Wednesday and bumped the target price up to 2,100p from 1,950p as it said the acquisition of US airport retailer InMotion is dial mover and highlighted "surprisingly strong" current trading.

Safestay acquires 52-room property in central Vienna

31/10/2018 11:05

(Sharecast News) - Hostel operator Safestay has successfully secured a long-term 20- year lease at a site in central Vienna.

London midday: Stocks enjoy Halloween treat after nightmare October

31/10/2018 11:04

(Sharecast News) - There were no spooks or frights in London equity markets on Wednesday, just a welcome treat of rising prices at the end of what has been a torrid month for global stocks.

Crawshaw enters administration after failed talks with investors

31/10/2018 10:49

(Sharecast News) - AIM-listed butcher Crawshaw Group said on Wednesday that it has decided to place the company into administration as discussions with existing and prospective investors have proved unsuccessful.

FastJet could go bust if it doesn't reach agreement with creditors

31/10/2018 10:38

(Sharecast News) - Low-cost African airline FastJet cautioned on Wednesday that it could go bust if it fails to carry out an equity fundraising or reach an agreement with its creditors in the coming days.

Goldman Sachs downgrades Pets at Home

31/10/2018 10:33

(Sharecast News) - Analysts at Goldman Sachs downgraded retailer Pets at Home on Wednesday as it now expects slower growth across the veterinary segment as a whole.

Santander's Q3 profit rises 36% despite drag from UK

31/10/2018 10:23

(Sharecast News) - Santander met estimates for its Q3 results on Wednesday, reporting a rise in profits in most markets, especially in Spain (+ 27%) and the United States (+ 36%), but not in the where UK they fell by 10%.

Eurozone core inflation perks up

31/10/2018 10:18

(Sharecast News) - Core consumer price inflation in the euro area unexpectedly picked up this month, according to data released on Wednesday.

Globalworth snaps up two Warsaw office buildings

31/10/2018 10:08

(Sharecast News) - Globalworth Real Estate announced on Wednesday that its subsidiary, Globalworth Poland, has entered into a preliminary sale-and-purchase agreement with Unibail-Rodamco-Westfield, for the landmark acquisition of two high quality office buildings in Warsaw, known as Skylight and Lum...

Restaurant Group cut by Citi and Liberum as Wagamama deal raises questions

31/10/2018 10:01

(Sharecast News) - Restaurant Group was under the cosh again on Wednesday as Citi downgraded the stock to 'neutral' from 'buy' and Liberum cut it to 'hold' from 'buy' on the back of its acquisition of restaurant chain Wagamama.

EIB, Newron Pharma sign €40m loan deal

31/10/2018 09:55

(Sharecast News) - The European Investment Bank (EIB) and Newron Pharmaceuticals have signed a financing agreement allowing the company to borrow up to €40m over the coming years.

GYG warns profits 'significantly below' water line

31/10/2018 09:53

(Sharecast News) - Superyacht servicing outfit GYG warned on Wednesday that it had sunk to a loss due to struggles to convert its pipeline.

Boardroom veteran Irial Finan to chair Smurfit Kappa

31/10/2018 09:43

(Sharecast News) - Smurfit Kappa Group announced the appointment of Irial Finan as its chair-designate on Wednesday, effective immediately.

Smurfit Kappa buys two Serbian facilities

31/10/2018 09:35

(Sharecast News) - Smurfit Kappa Group has agreed to acquire the Fabrika Hartije d.o.o. Beograd (FHB) paper mill and the Avala Ada d.o.o. Beograd (Avala Ada) corrugated plant in Belgrade, for a consideration of €133m, from Kappa Star Group, it announced on Wednesday.

Cradle Arc raises £396,000 to fund Mowana upgrades

31/10/2018 09:23

(Sharecast News) - African focused precious metals outfit Cradle Arc has raised £396,000 to go towards complete repairs and improvements on its processing facilities at the Mowana copper mine

UK consumer sentiment slips amid Brexit woes - GfK

31/10/2018 09:09

(Sharecast News) - Consumer confidence in the UK slipped in October amid worries about Brexit, according to a widely-followed survey.

Inchcape rallies on Barclays upgrade

31/10/2018 08:54

(Sharecast News) - Inchcape powered higher on Wednesday as Barclays upped the car dealership to 'overweight' from 'underweight', keeping the price target at 700p.

London open: Stocks rally on positive US and Asian cues; StanChart shines

31/10/2018 08:51

(Sharecast News) - It was more treat than trick for London stocks in early trade on Wednesday, taking their cue from devilishly good sessions in the US and Asia, with a solid update from Standard Chartered helping to underpin the mood.

Frontera makes progress in Georgia talks with potential partner

31/10/2018 08:48

(Sharecast News) - Oil and gas outfit Frontera Resources remains in talks with a second major oil company about its Georgia operations after having already signed an agreement with GE's Baker Hughes earlier in the month.

Riverstone Energy reports $33m Q3 profit

31/10/2018 08:40

(Sharecast News) - Investment firm Riverstone Energy reported a third quarter profit of $33.3m (£26m) after $12m in realisations.

Competition watchdog clears CME's acquisition of NEX Group

31/10/2018 08:12

(Sharecast News) - The Competition and Markets Authority has cleared the CME Group's acquisition of NEX Group.

William Hill swoops for Mr Green to boost digital sales overseas

31/10/2018 08:08

(Sharecast News) - Spreading its international and digital sources of revenue, bookmaker William Hill has swooped to buy online gaming specialist Mr Green & Co for 2.8bn Swedish krone (£240m).

Just Group Q3 new business sales up 35%

31/10/2018 08:05

(Sharecast News) - Retirement services company Just Group on Wednesday said third quarter new business sales rose 17% to £765, driven by de-risking on defined benefit pension schemes.

Intu grants Peel-led consortium more time to bid

31/10/2018 07:52

(Sharecast News) - Shopping centre owner Intu Properties on Wednesday said it had given a consortium led by its deputy chairman John Whittaker until November 15 to make an offer.

Standard Chartered Q3 profit rises, warns on trade tension risks

31/10/2018 07:43

(Sharecast News) - Standard Chartered posted a 31% jump in underlying third-quarter pre-tax profit on Wednesday, driven by lower-than-expected impairments and costs, but warned on risks from current trade tensions.

Computacenter Q3 revenues down 3%

31/10/2018 07:36

(Sharecast News) - Overall third quarter group revenue at Computacenter fell 3% year-on-year to £900m, due to a "significantly more challenging comparison", the company said on Wednesday.

Next store sales slump in third quarter

31/10/2018 07:31

(Sharecast News) - Next reported a frightful Halloween decline in store sales for the third quarter, though a solid online performance saved the retailer from a true horror-show.

London pre-open: FTSE to have devilishly good start

31/10/2018 07:30

(Sharecast News) - London stocks were expected to claw back some ground on Halloween Wednesday, on the back of enchanting sessions in Asia and on Wall Street.

Wednesday newspaper round-up: Brexit, Facebook, Amazon, China, Sports Direct, Evans Cycles

31/10/2018 07:30

(Sharecast News) - A disorderly no-deal Brexit would plunge the UK into recession, cost a million Britons their jobs and leave households an average of £2,700 a year out of pocket, according to a leading global credit rating agency. Standard & Poor's said that the UK's AA sovereign rating, the third...

Great Portland Estates joint venture buys back Bond Street station land

31/10/2018 07:29

(Sharecast News) - Great Portland Estates announced on Wednesday that one of its joint ventures, the GHS Limited Partnership, has completed the land buy back from Transport for London at its Hanover Square development.

Smurfit Kappa sees decent growth after third quarter

31/10/2018 07:13

(Sharecast News) - Smurfit Kappa Group updated the market on its trading for the nine months ended 30 September on Wednesday, reporting 7% growth in group underlying revenue year-on-year.

Facebook beats the Street on profits, falls short on user growth

31/10/2018 00:34

(Sharecast News) - Facebook topped Wall Street profit estimates on Tuesday but fell short of targets for monthly user and revenue growth.

Investors should be aware that past performance is not a reliable indicator of future results and that the price of shares and other investments, may fall as well as rise and the amount realised may be less than the original sum invested.

Walker Crips Group plc (Old Change House, 128 Queen Victoria Street, London EC4V 4BJ), registered in England, registered number 1432059, incorporates the following companies which are authorised and regulated by the Financial Conduct Authority: Walker Crips Investment Management Limited registered in England number 4774117 member of the London Stock Exchange, Walker Crips Wealth Management Limited registered in England number 3790291, Ebor Trustees Limited registered in England number 3514268, Barker Poland Asset Management LLP registered in England and Wales number OC341149.