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FTSE 100 clawing back losses; US markets open higher as traders attempt rebound

FTSE 100 down 20 points Wall Street starts higher Moody’s predicts 2.5% slide in global car sales for 2020 2.40pm: US markets open higher Wall Street began Wednesday’s session on the front foot as traders attempted to rebound from the bloodbath caused… Continue Reading →

Origin Enterprises underwater as heavy rain dents performance

Origin Enterprises PLC (LON:OGN) saw its shares sink 11.3% to 3.2p in early afternoon trading after the agri-services group cut its outlook for the current year following “prolonged and challenging weather conditions” in the UK and Ireland. The company highlighted… Continue Reading →

Flutter, British American Tobacco, Persimmon and WPP in spotlight as Blue-chip results season contin

Paddy Power and Betfair owner Flutter Entertainment PLC (LON:FLTR) will be among the headlines though  the figures themselves may be slightly overshadowed by the ongoing probe by UK competition regulators over the company’s planned merger with Canadian poker giant The… Continue Reading →

Avast plays down closure of troubled data analytics business Jumpshot

Avast PLC (LON:AVST) has shrugged off the impact of the closure of troubled data analytics business Jumpshot, which will cost between US$15mln and US$25mln. “There was some limited impact but it has been constrained,” chief executive Ondrej Vlcek was reported as saying by Reuters…. Continue Reading →

Summit Therapeutics appoints controlling shareholder, biotech billionaire Bob Duggan as its executiv

Summit Therapeutics PLC (NASDAQ:SMMT) has named its controlling shareholder, biotech billionaire Bob Duggan as its executive chairman with immediate effect. Back in December, Summit – which cancelled its London listing in 2019 – unveiled a US$50mln funding deal with Duggan… Continue Reading →

Keywords Studios upgraded to ‘buy’ by Liberum over “strong” market position  

Keywords Studios PLC (LON:KWS) was upgraded to ‘buy’ from ‘hold’ by analysts at Liberum due to its “strong” market position. Analysts also hiked the target price to 1,875p from 1,799p as “major publishers and developers look for partners to simplify… Continue Reading →

Clinigen primed for a strong second half

We are delivering on our strategy and have seen a strong financial performance – both at the headline numbers and on an underlying organic basis CEO Shaun Chilton commenting on the group’s first-half performance  Clinigen Group PLC (LON:CLIN) is a… Continue Reading →

Bahamas Petroleum Company could be worth double as Perseverance well nears – broker

Bahamas Petroleum Company PLC (LON:BPC) could be worth nearly double its current price as the company counts down to its maiden exploration well, that’s the view of house broker Shore Capital. The AIM-quoted explorer last week effectively secured sufficient funding… Continue Reading →

Ted Baker to axe 102 jobs as part of cost review

Ted Baker plc (LON:TED) has announced it will axe 102 jobs and remove 58 vacant posts as part of its cost-saving strategy. The troubled clothier expects to save £5mln to next January and £7mln in the following financial years through the… Continue Reading →

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