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Renold upbeat on strong set of results
Industrial chain and power transmission product supplier Renold reported an 18. 1% improvement in revenue in its final results on Wednesday, to £195. 2m, or 21. 4% at constant exchange rates.
US pre-open: Futures trade slightly higher ahead of CPI data
Wall Street futures were in the green ahead of the bell on Wednesday ahead of last month's all-important CPI reading.
London midday: City traders waiting on US CPI numbers with bated breath
London stocks remained lower at midday but had come off their lows thanks to an economic growth surprise in the UK, although traders in the City remained cautious ahead of Wednesday afternoon’s consumer inflation print out of the US.
Mission Group confident in full-year expectations
Advertising and creative agency the Mission Group said in an update on Thursday that it had traded well in the first half, with performance in line with the board's expectations.
Accounting watchdog fines Laura Ashley auditor
The auditor of collapsed retailer Laura Ashley Holdings has been sanctioned by the accounting watchdog, it was confirmed on Wednesday.
Asia report: Stocks mostly higher on rate hikes, China data
Stock markets in Asia were mostly higher at the close on Wednesday, as two central banks hiked interest rates, and fresh data on Chinese exports beat expectations.
Bitcoin at one-week lows: more than 62,000 crypto traders liquidated
Another day in the red for the cryptocurrency market, with Bitcoin at one-week lows, close to the $19,000 area, and Ethereum touching the $1,000 mark. Total capitalization is down around $100 billion to $870 billion from $970 billion a few days ago, when the main market currencies experienced a series of bullish days that led digital currencies to rises led by Bitcoin to $22,000.
UK trade deficit continues to widen
UK imports continue to grow faster than exports, official data showed on Wednesday, pushing the trade deficit wider.
Berenberg lowers target price on RS Group
Analysts at Berenberg lowered their target price on industrial and electronics products distributor RS Group from 1,230. 0p to 1,010. 0p on Wednesday but acknowledged that the group was "on a roll".
UK economy returns to growth - ONS
The UK economy grew faster-than-expected in May, official data showed on Wednesday.
Deutsche Bank raises target price on Coca-Cola Hellenic
Analysts at Deutsche Bank raised their target price on Coca-Cola Hellenic from 2,475. 0p to 2,525. 0p on Wednesday, stating they were expecting "another solid release" from the firm.
Serabi reports 'strong improvement' in Q2 production
Brazil-focussed gold developer and miner Serabi reported a “strong improvement” in production in its second quarter on Wednesday, with 8,418 ounces recovered.
PageGroup continues to deliver 'strong growth' in Q2
Recruitment business PageGroup said on Wednesday that it had continued to see "strong growth" in the second quarter of its trading year, with gross profit growing amid another solid broad-based performance across its geographies, disciplines and brands.
Tullow Oil maintains guidance after solid first half
Tullow Oil reported a solid first half on Wednesday, leaving it on track to make $200m in free cash flow this year.
London open: Stocks weaker after UK GDP shows unexpected rise
London stocks were in the red at the open on Wednesday, as investors digested an economic growth surprise in the UK, and looked towards this afternoon’s consumer inflation print out of the US.
JD Wetherspoon sales inch closer to pre-Covid levels
JD Wetherspoon said in an update on Wednesday that like-for-like sales in the first 11 weeks of its fourth quarter were 0. 4% below the same pre-pandemic period in 2019 - an improvement compared to the prior quarter, when sales were down 4%.
CMA launches probe into UK sports broadcasters
The Competition and Markets Authority has launched an investigation into potential cartel-like behaviour by a number of Britain's largest sports broadcasters, including ITV.
Computacenter acquires US reseller Business IT Source
Technology services firm Computacenter has acquired US value-added reseller Business IT Source for an undisclosed sum.
London pre-open: Stocks seen lower after May's GDP surprise
London stocks were set to open below the line on Wednesday, as investors digested an economic growth surprise in the UK, and looked towards this afternoon’s consumer inflation print out of the US.
Countryside Partnerships chairman resigns, Clarkson delivers 'strong' H1 performance
London pre-open The FTSE 100 was being called to open 35. 8 points lower ahead of the bell on Wednesday after the index closed 0. 18% higher in the previous session at 7,209. 86.