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Eli Lilly weight-loss drug 'significantly' reduces sleep apnoea
Eli Lily’s weight-loss drug tirzepatide has been shown to “significantly” reduce sleep apnoea severity, the US drugs giant said on Wednesday.
First-quarter bookings fall sharply at ASML
Shares in ASML Holding came under pressure on Wednesday, after the chip industry giant disappointed with its first-quarter trading update.
Royal Mail-owner rebuffs takeover approach
Shares in International Distribution Services soared on Wednesday, after it emerged that Czech billionaire Daniel Kretinsky had made a takeover approach for the Royal Mail owner.
Asos losses widen, sales fall in first half but stock cuts ahead of target
Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.
Europe midday: Shares up as IDS spikes 20% on Kretinsky bid approach
European shares extended their rally on Wednesday after a major sell-off a day earlier as investors digested UK inflation news and a rebuffed bid approach for Royal Mail owner International Distribution Services that sent the stock up 20%.
US pre-open: Futures higher, S&P on track to snap losing streak
Wall Street futures were in the green ahead of the bell on Wednesday, with the S&P 500 on track to snap its three-day losing streak.
London midday: Stocks bounce back after sell-off, IDS soars
UK stocks were rising on Wednesday morning, rebounding slightly as investors went bargain-hunting after the FTSE 100 dropped to a four-week low the previous session.
Berenberg lowers target price on Asos
Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510. 0p to 490. 0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.
Just Eat shares drop as Q1 orders disappoint
Shares in Just Eat dropped sharply on Wednesday after the food delivery marketplace delivered underwhelming order numbers for the first quarter, though revenue growth picked up sharply in the UK and Ireland.
UK house price decline eases, but rents grow at record rate
The annual fall in UK house prices eased to just 0. 2% in February, its lowest rate of decline in eight months, according to figures released on Wednesday by the Office for National Statistics, while rent inflation reached a record high.
Asia report: Markets finish mixed after earlier sell-off
Markets across the Asia-Pacific region closed in a varied state on Wednesday, in the wake of Tuesday's widespread decline.
Eckoh expanding availability of voice cloud platform
Eckoh announced on Wednesday that it has augmented its global secure voice cloud platform, enhancing its availability and geographic coverage.
Liontrust sees annual outflows top £6bn
Liontrust Asset Management reported annual outflows of more than £6bn on Wednesday, but struck an upbeat tone for the coming year.
Tekcapital's Innovative Eyewear inks deal with US firm
Intellectual property investor Tekcapital announced a fresh development from its portfolio company Innovative Eyewear on Wednesday, as the latter launched a strategic partnership with Windsor Eyes, a prominent eyewear manufacturing and distribution firm.
Eurozone inflation slowed to 2.4% in March, final estimates confirm
The March slowdown in eurozone inflation was confirmed on Wednesday, with consumer price growth matching the 28-month low set last November.
Canaccord Genuity raises target price on AO World
Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52. 0p to 75. 0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Synectics wins £800,000 contract with 'major UK utility provider'
Security and surveillance systems business Synectics has been awarded an £800,000 contract with a new customer to deliver a multi-site deployment of its proprietary software platform, Synergy.
Urban Logistics upbeat as rents strengthen
Urban Logistics REIT struck a confident tone on Wednesday, after rents rose by nearly a quarter in the last three months of the year.
Safestay secures first management contract
Hostel operator Safestay has inked its first management contract to run the resort-based 120-bed Calpe Seafront Hostel on Spain's Costa Blanca.
London open: Stocks rebound from four-week low
UK stocks edged higher on Wednesday morning as markets rebounded after the previous day's sell-off, with investors digesting domestic inflation data and hawkish comments from the head of the Federal Reserve.