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Canaccord upgrades Hunting in anticipation of multi-year cycle for oilfield services
Analysts at Canaccord Genuity upgraded their rating for shares of Hunting from 'hold' to 'buy' following the recent sharp spill lower in the share price after the company posted its second quarter results.
Europe midday: Shares hold gains despite EZ retail sales, PMI data
European shares were up on Wednesday, driven by a deal that will see Amazon take a stake in Just Eat Takeaway’s struggling US unit Grubhub and despite weak eurozone retail sales and PMI data.
London midday: Stocks maintain gains as pound hit by political turmoil
London stocks were still firmly in the black by midday on Wednesday following a heavy selloff in the previous session, with a weaker pound lending a hand amid political turmoil.
Bitcoin´s determined to consolidate at $20,000 as JP Morgan anticipates the end of cryptowinter
The cryptocurrency market recovers $900 billion global capitalization on Wednesday, during the heat of Bitcoin (BTC) and Ethereum (ETH), as they cut Tuesday´s losses and tried to consolidate at $20,000 and $1,100, respectively. Digital assets left a day of high volatility on July 5th, with rises as high as 6% for BTC and 10% for ETH, but which ended up being diluted to the point where the main cryptos turned around and moved into declines.
Abrdn rallies as it announces £300m share buyback
Asset manager Abrdn rallied on Wednesday after it announced a £300m share buyback programme as it looks to return excess capital to shareholders.
M&A helps boost Numis Q3 revenues
Investment bank Numis reported a rise in third-quarter revenue driven by a strong mergers and acquisitions environment.
Jefferies downgrades Intertek to ‘hold’
Jefferies downgraded Intertek on Wednesday to ‘hold’ from ‘buy’, citing near-term exposure to China, broader macro challenges and deteriorating consumer confidence, which it said increases uncertainty given the company's higher exposure to consumer testing.
Eurozone construction PMI falls further in June
Activity in the eurozone construction sector fell further in June, according to a survey released on Wednesday.
Euro area retail sales miss forecasts in May
Retail sales volumes in the single-currency bloc undershot economists' forecasts in May.
Ten Entertainment lifts guidance as demand surges
Bowling and entertainment centre operator Ten Entertainment raised annual guidance as first-half sales growth had exceeded pre-pandemic levels.
US pre-open: Futures pointing slightly lower ahead of services PMI, Fed minutes
Futures are pointing to a dip in stocks at the opening bell on Wall Street as investors wait for the release of a reading on a key survey on retail sector activity for the month of June.
UK construction sector growth weakest since September 2021
Growth in the UK construction sector slowed in June to its weakest rate since September last year, with housing activity down for the first time in more than two years amid worries about the economic outlook, according to a survey released on Wednesday.
US hedge fund Citadel takes 5% stake in Boohoo
Boohoo shares rallied on Wednesday as it emerged that US hedge fund Citadel had taken a 5. 04% stake in the fast-fashion retailer.
Intermediate Capital in talks to buy Wembley Arena - report
FTSE 100 fund manager Intermediate Capital is reportedly in exclusive talks to buy Wembley Arena after the venue’s owner put it up for sale to focus on its build-to-rent business.
Topps Tiles third quarter in line with expectations, sales rise
Topps Tiles posted a rise in third-quarter sales on Wednesday, with trading in line with the group’s expectations.
AO World announces £40m capital raise to bolster balance sheet
Online electricals retailer AO World has announced plans to raise around £40m through a share placing and primary bid offer to strengthen its balance sheet, increase liquidity back to historic levels and provide the flexibility to capitalise on market opportunities.
Europe open: Shares surge on Amazon deal with Just Eat Takeaway
European shares made a strong start at the open on Wednesday, driven by a deal that will see Amazon take a stake in Just Eat Takeaway’s struggling US unit Grubhub.
Amazon takes stake in Just Eat Takeaway's Grubhub
Amazon has agreed to take a 2% stake in Just Eat Takeaway's Grubhub delivery business in a new deal that will see Amazon Prime members receive free food deliveries.
Robert Walters sees FY profits 'slightly ahead' of market expectations
Recruiter Robert Walters said on Wednesday that full-year profit was set to be slightly ahead of current market expectations following a continued strong performance.
Asia report: Shares lower as recession fears persist
Asian shares were lower on Wednesday as driven by persistent fears of a global recession.