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Broker tips: AO World, Asos
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.
Director dealings: Angus Energy CEO ups stake
Angus Energy revealed on Wednesday that chief executive Richard Herbert had acquired 5. 0m ordinary shares in the AIM-listed onshore oil and gas development firm.
US open: Stocks mixed as investors digest Powell comments
Major indices were mixed early on Wednesday, with the S&P 500 narrowly on track to snap its three-day losing streak.
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.
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.
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.
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.