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BofA lowers target for Fresnillo after 1H numbers, but stays at 'buy'
Analysts at Bank of America lowered their target price for shares of precious metals miner Fresnillo but reiterated their 'buy' recommendation following the outfit's latest interim figures.
Berenberg downgrades Ascential to 'hold', slashes target price
Analysts at Berenberg downgraded business-to-business media firm Ascential from 'buy' to 'hold' on Wednesday and slashed their target price on the stock to 290. 0p from 450. 0p, stating it was now "cutting losses".
Keywords flags strong trading, agrees to buy Mighty Games
Video games technical and creative services provider Keywords Studios said in an update on Wednesday that it performed “strongly” in the first half, while it also announced the acquisition of Mighty Games.
Boku gets $0.16m from Twilio after post-completion adjustment
Mobile payment technology company Boku said on Wednesday that it has received $0. 16m from Twilio.
i3 Energy declares September dividend
UK and Canada-focussed oil and gas company i3 Energy declared its monthly dividend for September on Wednesday, for a total of £1. 6996m.
Societe Generale net income rises 16pc in first half
Societe Generale reported underlying group net income of €3. 1bn in its first half on Wednesday, up 16. 3% year-on-year, although its reported net income was a negative figure, at €640m.
Citi downgrades Centrica to ‘neutral’
Citi downgraded British Gas owner Centrica on Wednesday to ‘neutral’ from ‘buy’ following a 70%+ absolute share price performance since the beginning of last year.
US pre-open: Futures trade higher despite strained US-Sino relations
Wall Street futures were in the green ahead of the bell on Wednesday as strained US-Sino relations remained in focus.
London midday: Stocks flat after services data
London stocks had pared earlier losses to trade flat by midday on Wednesday, as investors mulled the latest reading on the UK services sector and kept an eye on China-US tensions.
Europe midday: Shares flat on eurozone PMIs, China-US tension
European shares were flat on Wednesday as investors fretted about the impact of US House Speaker Nancy Pelosi's visit to Taiwan and survey data showing eurozone manufacturing and services activity contracted last month.
Asia report: Markets mixed as investors keep watch on Pelosi trip
Markets closed in a mixed state in the Asia-Pacific region on Wednesday, as investors kept an eye on US House Speaker Nancy Pelosi’s visit to Taiwan, and any response from authorities in Beijing.
Endeavour Mining hikes full-year dividend target after strong first half
Endeavour Mining said it was “well-positioned” to achieve its full-year production guidance of between 1,315,000 and 1,400,000 ounces after its first half on Wednesday, at an all-in sustaining cost of $880 to $930 per ounce.
Higher prices offset post-Covid fall in orders for Just Eat Takeaway
Just Eat Takeaway reported a 7% decrease in orders in the first half on Wednesday, as a result of the end of Covid-19 restrictions after a record period a year ago, offset by higher average transaction value, consumer pricing improvements and.
UK services sector grows at slowest pace since February 2021
The UK services sector grew in July at the slowest pace since February 2021 as inflationary pressures dampened demand, according to a survey released on Wednesday.
EU retail sales fall 1.2% in June
Retail sales in the Euro Area dropped 1. 2% month-on-month in June, according to Eurostat, the steepest decline year-to-date and significantly worse than expectations of an unchanged print.
Eurozone business activity contracts in July
Eurozone business activity contracted in July amid a downturn in the manufacturing sector and as service sector activity slowed, according to a survey released on Wednesday.
M&G to buy financial advice provider Continuum
M&G said on Wednesday that it has agreed to buy Continuum, a provider of independent financial advice, for an undisclosed sum.
Ferrexpo continues investments as Ukraine invasion hits earnings
Ferrexpo reported a 31% decline in first-half revenues on Wednesday, to $936m, as a result of lower production and tighter market conditions.
IP Group swings to H1 loss
Intellectual property investor IP Group reported a first-half loss of £309. 9m on Wednesday, a marked reversal when compared to the £116. 5m interim profit recorded at the same time a year earlier.
JPMorgan upgrades BAE Systems to ‘overweight’
JPMorgan Cazenove upgraded BAE Systems on Wednesday to ‘overweight’ from ‘neutral’ and lifted the price target to 965p from 870p, saying it now expects the company to deliver around 10% earnings per share growth per year through to 2025 - and probably beyond - with "quite low" risk.