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Journeo receives information system orders worth £1.1m
Information systems and transport technical services company Journeo has received new purchase orders for the supply of its advanced public transport information systems, it announced on Wednesday.
DeepVerge upbeat on initial data from phase 3 Covid-19 test studies
Environmental and life science artificial intelligence company DeepVerge announced initial data for its ongoing phase 3 clinical studies on the detection of SARS-CoV-2 on breath samples, and the identification of confirmed COVID19 positive patients, on Wednesday.
BofA stays at 'hold' on BAE Systems after sector conference
Analysts at Bank of America reiterated their 'hold' recommendation for shares in BAE Systems following the investment bank's Global Industrials Conference, at which the defence engineering group's boss, Charles Woodburn, was in attendance.
US housing starts fall in February as harsh winter weather stymies construction
Housing starts fell more than expected in the US during February as extreme winter weather conditions hindered activity but still-elevated construction permits and backlogs seem to point to momentum in homebuilding remaining high over the next few months.
HSBC upgrades Standard Chartered, cites optimism on revenue growth
HSBC upgraded shares of Standard Chartered on Wednesday to ‘buy’ from ‘hold’ and lifted the price target to 550p from 430p as it said it was increasingly optimistic on future revenue growth.
Canaccord raises target price on Ferguson
Analysts at Canaccord Genuity raised their target price on plumbing and heating products distributor Ferguson from 8,900. 0p to 9,100. 0p on Wednesday, stating it now saw signs of more top-line life going into the second half of the trading year.
Third wave risk leads German economic advisers to trim 2021 GDP forecast
Germany's economy is set to rebound strongly over the next two years, but a bit less quickly than previously anticipated, due to the risk of a third wave of Covid-19, advisors to the German government said.
Deutsche Bank downgrades TI Fluid Systems on valuation grounds
TI Fluid Systems was under the cosh on Wednesday as Deutsche Bank downgraded the stock to ‘hold’ from ‘buy’ on valuation grounds, noting its strong run into 2021.
'Ample' supply weakens case for oil 'supercycle' - IEA
Demand for oil is set to rebound sharply in 2021 but talk of a supercycle is exaggerated, the International Energy Agency forecast on Wednesday.
US pre-open: Futures mixed ahead of Fed interest rate decision
Wall Street futures were mixed ahead of the bell on Wednesday as investors were holding out for the outcome of the Federal Reserve's two-day policy meeting later in the day.
Lumentum raises Coherent bid proposal to $6.9bn
Lumentum has increased its proposed offer for Coherent to $6. 9bn (£5bn) - the biggest so far in a three-way tussle to buy the US optical fibre company.
Europe midday: Shares tread water ahead of Fed meeting; BMW powers ahead
European stocks were still treading water at lunchtime on Wednesday as investors took a cautious view ahead of the US Federal Reserve’s policy decision later in the day.
Eurozone inflation holds steady at 0.9%
Inflation across the eurozone remained steady in February, official data confirmed on Wednesday, supported by more expensive services.
London midday: Stocks in the red ahead of Fed policy decision
London stocks were still in the red by midday on Wednesday as investors eyed the latest policy announcement from the US Federal Reserve.
UK energy firms 'will have to refund' credit surpluses - Ofgem
UK energy firms could soon be told to hand back £1. 4bn of customer credit under new rules proposed by the industry regulator Ofgem.
Dominic Cummings calls for 'urgent' Covid-19 inquiry
Dominic Cummings said when lockdown ends Parliament should look urgently at what went wrong during the Covid-19 crisis.
SSP seeks £475m in equity raising to boost balance sheet
Upper Crust owner SSP said it was looking to raise £475m via a rights issue as it anticipated slower recovery from the impact of the Covid-19 pandemic on the travel industry.
Asia report: Markets mixed as investors await Powell's remarks
Stock markets in Asia ended Wednesday in a mixed state, as investors waited with bated breath for the result of the Fed’s meeting stateside later in the global day.
Supply@Me Capital signs heads of terms for Singaporean acquisition
Fintech firm Supply@Me Capital said on Wednesday that it had signed heads of terms for the acquisition of an unnamed commodities trade enabler based in Singapore.
Novacyt launches mobile Covid-19 testing labs
Clinical diagnostics specialist Novacyt announced the expansion of its ‘VersaLab’ service on Wednesday, with the launch of mobile processing laboratories to provide rapid turnaround polymerase chain reaction (PCR) testing on-site.