Latest News
Berenberg ups target price on Microlise following FY results
Over at Berenberg, analysts hiked their target price on software firm Microlise Group from 170. 0p to 210. 0p on Wednesday after the company published its in-line full-year results earlier in the month.
US open: Stocks mixed as Q1 earnings season continues
Wall Street trading got off to a mixed start on Wednesday as another busy day in terms of corporate earnings got underway.
Ondine reports significant financial growth
Ondine Biomedical reported significant growth in a trading update on Wednesday, with revenues doubling to $1. 2m in 2023, driven by expanded hospital deployments of ‘Steriwave’.
Angle inks deal with AstraZeneca
Liquid biopsy specialist Angle announced a supplier agreement with AstraZeneca on Wednesday to develop and validate a methodology using Angle's existing DNA damage response (DDR) assay for the detection of micronuclei in circulating tumour cells (CTCs) as a measure of DDR.
US durable goods orders rise as expected in March, details weaker
Orders in the U. S. for goods made to last more than three years rose by slightly more than expected last month.
Allfunds shares fall after report sale plans shelved
Shares in Allfunds Group fell sharply on Wednesday on a report the European fund distribution platform had abandoned talks on a potential sale.
Sentiment picks up across UK manufacturing - CBI
Sentiment across the UK manufacturing sector improved in April, an industry survey showed on Wednesday, as output steadied.
ActiveOps flags decent full-year revenue growth
Decision intelligence software specialist ActiveOps said in an update on Wednesday that it anticipated group revenue to reach about £26. 8m for the financial year just ended, marking a 5% increase from the prior year.
US pre-open: Futures mixed, Boeing earnings better than feared
Wall Street futures were pointing to a mixed open ahead of the bell on Wednesday as market participants braced for another busy day in terms of corporate earnings.
Supreme flags record full-year financial performance
Consumer goods specialist Supreme announced a record financial performance for the year ended 31 March in a trading update on Wednesday.
Concurrent Technologies wins $1.57m contract with US client
Concurrent Technologies announced a $1. 57m contract with a major global US prime contractor on Wednesday, for the supply of commercial-off-the-shelf (COTS) products and testing services as part of the contractor's technology upgrade programme.
Serica Energy revenue, earnings fall in full-year results
Serica Energy reported a shift in average realised sales prices in its final results on Wednesday, with post-hedging prices averaging around $63 per barrel of oil equivalent for 2023, a decrease from $104 in 2022.
US mortgage applications fall 2.7% week-on-week
US mortgage applications fell by 2. 7% week-on-week in the seven days ended 19 April, trimming the 3. 3% increase from halfway through the month to mark the sharpest weekly decline since early February, according to the Mortgage Bankers Association of America.
Tracsis confident despite weaker first half performance
Transport technology provider Tracsis reported first-half revenue of £36. 6m on Wednesday, reflecting a decrease of 6. 7% year-on-year.
More than 3,000 jobs at risk at Casino
Beleaguered French retailer Casino Guichard-Perrachon is to cut up to 3,200 jobs as part of wide-reaching overhaul.
Europe midday: Shares hold gains despite Evotec plunge on outlook
European shares made slight gains on Wednesday as the UK's FTSE 100 posted another intra-day record, but comments from a European Central Bank policy maker on rate cuts also tempered sentiment, while shares in German biotech firm Evotec slumped by a third on a disappointing outlook.
London midday: Earnings and metal prices lift FTSE 100 to another record
UK equities were continuing to reach new heights on Wednesday as markets rose for the sixth consecutive session, helped by rising mining stocks and well-received results from Reckitt Benckiser and Lloyds.
Hochschild reports solid production progress in first quarter
Precious metals miner Hochschild Mining said in an update on Wednesday that it extracted 45,937 ounces of gold and two million ounces of silver in its first quarter, totaling 69,758 gold equivalent ounces and 5. 8 million silver equivalent ounces.
Lloyds Bank holds guidance as Q1 profit falls 28% on margin squeeze
Lloyds Bank held annual guidance despite a 28% fall in first-quarter profits due to lower net interest income and higher operating expenses, as competition for mortgages and savings squeezed margins.