Full List Of Stories
RBC Capital cuts Dr Martens target price
RBC Capital Markets cut its price target on Dr Martens on Wednesday to 85p from 100p as it lowered its estimates for FY24-26 earnings per share by 7% to 10%.
London midday: FTSE drifts lower; Diploma rallies on acquisition
London stocks were a little weaker by midday on Wednesday, struggling for direction as investors eyed a key US inflation reading later in the week.
H&M surges as Q1 results top expectations
Swedish fashion retailer H&M surged on Wednesday after posting better-than-expected results for the first quarter.
JPMorgan puts IAG on ‘positive catalyst watch’ ahead of Q1 results
JPMorgan Cazenove placed shares of BA and Iberia owner IAG on ‘positive catalyst watch’ on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
S4 Capital appoints new COO; revenues drop
Martin Sorrell’s S4 Capital appointed a new chief operating officer on Wednesday as it reported a drop in revenues as clients cut back on advertising spend.
SSE narrows full-year EPS guidance
SSE said on Wednesday that it was narrowing its guidance for full-year 2023/24 adjusted earnings per share, partly to reflect improved renewables output.
Revolution Beauty lifts FY outlook
Revolution Beauty lifted its full-year outlook on Wednesday after continued strong trading.
London open: Stocks nudge lower; Diploma surges on acquisition
London stocks nudged lower in early trade on Wednesday following a slightly weaker close on Wall Street.
Playtech on track for medium-term targets as FY beats expectations
Gambling software firm Playtech said on Wednesday that it was on track to meet its medium-targets after it performed ahead of expectations in FY2023.
CMC Markets sees FY operating income at top end of guidance
CMC Markets said on Wednesday that FY 2024 net operating income was set to exceed the top end of the previously-guided range of £290m to £310m as positive momentum continued into the fourth quarter after a strong performance in Q3.
BC Omega Holdco sells 50m shares in TI Fluid Systems in placing
Peel Hunt said on Wednesday that BC Omega Holdco sold 50m ordinary shares in TI Fluid Systems in a placing.
London pre-open: Stocks seen muted after slightly weaker US close
London stocks were set for a muted open on Wednesday following a slightly weaker close on Wall Street.
Wednesday newspaper round-up: AI, CBI, US government debt
Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger workers and those on lower wages are at most risk from automation. The Institute for Public Policy Research (IPPR) said that entry level, part-time and administrative jobs were most exposed to being replaced by AI under a “worst-case scenario” for the rollout of new technologies in the next three to five years. – Guardian.