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Spotify subscriber numbers grow, Q2 revenues up 23%
Streaming giant Spotify beat expectations for total and paid subscriber growth in the three months ended 30 June, resulting in an almost 25% increase in revenues.
FTSE 250 movers: Wizz Air soars, Ibstock solid after update
The FTSE 250 was up 0. 39% at 19,645. 94 at 1300 BST.
Trainline secures new £325m revolving credit facility
Rail and coach ticketing site Trainline said on Wednesday that it has secured a new £325m revolving credit facility.
Everyman Media H1 revenues and EBITDA top pre-Covid comparators
British cinema chain Everyman Media said on Wednesday that both revenues and underlying earnings had moved ahead of 2019's pre-Covid comparatives in the six months ended 30 June.
Boeing holds cash flow forecast after quarterly loss
US aircraft maker Boeing reported a wider-than-expected second quarter loss on Wednesday but still forecast a return to positive cash flow, citing improving supply chains and its healthy order book.
Asia report: Stocks mixed as Aussie inflation picks up steam
Stock markets in Asia closed mixed on Wednesday, as the latest inflation data out of Australia showed prices rising in the second quarter.
Berenberg slashes target price on EasyJet following 'messy' Q3 performance
Analysts at Berenberg slashed their target price on low-cost carrier EasyJet from 750. 0p to 560. 0p on Wednesday but said the group's "messy" third-quarter performance had masked its "significant" deleveraging.
US pre-open: Stocks trade higher ahead of FOMC decision
Wall Street futures were in the green ahead of the bell on Wednesday as investors braced for another busy day for earnings and awaited the outcome of the Federal Reserve's latest policy meeting.
London midday: FTSE maintains gains amid heavy corporate flow; Fed in focus
London stocks were still in the black by midday on Wednesday, helped along by well-received updates from the likes of Smurfit and Reckitt, as investors looked ahead to the latest policy announcement from the US Federal Reserve.
Europe midday: Shares up as Worldline surges on revenue beat
European shares were higher on Wednesday amid a deluge of corporate results as cautious investors eyed the energy supply situation and awaited a rise in US interest rates.
Lloyds lifts outlook as interim income surges on rising rates
Lloyds Bank lifted annual guidance after a rise in net income for the half-year due to rising interest rates, and despite a fall in pre-tax profits.
Marston's warns on energy costs as solid trading continues
Pub and hotel operator Marston's said in a trading update on Wednesday that total like-for-like sales for the 42 weeks ended 23 July were down 2% on the pre-Covid comparator in the 2019 financial year, as it warned of surging energy costs in the second half.
Nichols confident despite 'significant' inflationary pressures
Soft drinks maker Nichols reported a 19. 1% improvement in group revenue in its interim results on Wednesday, to £80. 2m.
GSK lifts full-year outlook as Q2 sales rise
GlaxoSmithKline lifted its full-year outlook on Wednesday as it posted a jump in second-quarter sales.
Reckitt lifts sales guidance after 'strong' first half
Consumer goods company Reckitt Benckiser lifted its full-year sales outlook on Wednesday following a "strong" first half.
Goldman Sachs forecasts eurozone recession in second half
A eurozone recession is coming, Goldman Sachs said in a research note.
Deutsche Bank upgrades Unilever to 'buy'
Analysts at Deutsche Bank upgraded consumer goods company Unilever to 'buy' from 'hold' on Wednesday, stating prospects had now improved for the group.
Fresnillo production continues in line with forecasts
Fresnillo reported attributable silver production of 14. 4 million ounces in its second quarter on Wednesday, up 8. 1% from the first quarter thanks to a higher volume of ore processed and higher ore grades at Fresnillo and Saucito, and a higher ore grade at San Julián disseminated ore body (DOB).
MusicMagpie swings to interim loss
MusicMagpie said on Wednesday that it swung to an interim loss after revenue in the disc media and books segment fell as the pandemic boost faded.
Anglo American reports year-on-year rise for De Beers diamond sales
Anglo American reported rough diamond sales of $630m for De Beers’ sixth 2022 sales cycle on Wednesday, down from $657m in the fifth cycle, but up from $514m in the same period last year.