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Broker tips: Star Energy, Microlise Group
Analysts at Canaccord Genuity raised their target price on oil and gas extraction firm Star Energy from 55. 0p to 66. 0p on Wednesday, taking account of new commodity assumptions.
London close: Stocks finish weaker after earlier gains
London markets closed the day weaker on Wednesday, reversing earlier gains as Wall Street stocks opened lower, although mining stocks remained above the waterline.
Director dealings: Yü Group director lowers stake
Yü Group revealed on Wednesday that senior independent director Anthony Perkins had disposed of 4,000 ordinary shares in the AIM-listed gas and electricity supplier.
FTSE 250 movers: Cussons shines on St Tropez sale plan; Mitie slumps on placing
FTSE 250 19,741. 86 -0. 29%.
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.