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US close: Stocks post solid gains, Nvidia jumps after the bell
US stocks closed with decent gains on Wednesday, as investors waited with anticipation for earnings figures from heavyweight tech group Nvidia, due out after the closing bell.
London close: Stocks rise despite weaker global data
Equity markets in London managed a positive close on Wednesday, despite underwhelming economic indicators from across Europe, with utility plays among the more buoyant sectors.
Europe close: Shares up as dire PMI's lift hopes of rate pause
European shares closed higher on Wednesday, as a survey showing eurozone services and manufacturing activity fell faster than thought in August, especially in Germany, giving traders some hope that the European Central Bank may pause its rate-hike cycle next month.
Director dealings: CLS deputy chair linked to purchase, Paragon CEO covers tax bill
CLS Holdings was on the list of director buys on Wednesday, after its deputy chairman was linked to a purchase worth more than £2. 5m.
US private sector nears stagnation in August PMIs
America’s private sector showed signs of near stagnation in August, according to fresh survey data released on Wednesday, with business activity growth showing a slowdown.
US open: Stocks gain as investors eye Nvidia results
US stocks rose in early trade on Wednesday as investors mulled the latest manufacturing and services PMIs and looked ahead to second-quarter results from Nvidia after the close and the Jackson Hole symposium later this week.
FTSE 100 movers: Utilities rally; JD Sports slumps again
London’s FTSE 100 was up 0. 7% at 7,321. 61 in afternoon trade on Wednesday.
FTSE 250 movers: Ithaca down on production forecast; Rotork gains
Ithaca Energy said it expected lower production levels next year in response to the UK government's windfall tax, despite reporting a strong rise in first half profits as higher production and falling costs offset lower oil and gas prices.
Broker tips: Prudential, National Grid, SSE
Deutsche Bank has cut its target price for insurance giant Prudential ahead of its results next week, but said the stock is still an "attractive" investment at the current valuation.
Ithaca sees lower production in 2024 due to UK govt windfall levy
Ithaca Energy said it expected lower production levels next year in response to the UK government's windfall tax, despite reporting a strong rise in first half profits as higher production and falling costs offset lower oil and gas prices.
Synergia progressing workover of Cambay well
Synergia Energy updated the market on the workover of the Cambay C-77H well on Wednesday, having embarked on a process to remove the bridge plug, which had been in place since 2014 to isolate the original four perforated and fracked zones.
BiVictriX secures US patent for flagship therapeutic asset
Cancer treatment developer BiVictriX Therapeutics has secured a significant patent from the United States Patent and Trademark Office (USPTO), it announced on Wednesday, for its flagship therapeutic asset, BVX001.
Bradda Head announces positive results from latest drilling
North American lithium developer Bradda Head announced assay results from the Basin East Extension (BEE) 2023 drilling programme on Wednesday.
Alien Metals chooses Regroup as primary contractor for Hancock
Minerals explorer and developer Alien Metals announced on Wednesday that its subsidiary, Iron Ore Company of Australia (IOCA), has chosen Regroup Australia as its primary contractor.
Thursday preview: Jackson Hole kicks off; Harbour Energy, CRH report
All eyes will be on the start of the Jackson Hole symposium in Wyoming on Thursday, while half-year results are due from CRH, Harbour Energy and Hunting.
Europe midday: Poor PMI data gives ECB pause for thought
European shares held gains on Wednesday, as a survey showing eurozone services and manufacturing activity fell faster than thought in August, especially in Germany, giving traders some hope that the European Central Bank may pause its rate-hike cycle.
Eurozone Aug business activity contracts at faster pace - flash PMI
Eurozone business activity contracted at an accelerating pace in August as the region’s downturn spread further from manufacturing to services, according to PMI survey data published on Wednesday.
Pebble Beach revenue rises despite weaker order intake
Broadcasting and streaming software and technology specialist Pebble Beach Systems reported a first-half revenue boost of 9% on Wednesday, bringing the figure up to £5. 5m.
Orcadian Energy extends due date for STASCO loan repayment
Orcadian Energy announced on Wednesday that its subsidiary Orcadian Energy CNS has finalised an agreement with Shell International Trading and Shipping Company (STASCO), to amend the repayment date of its loan.
US pre-open: Futures higher as markets await Nvidia earnings
US stock futures were pointing to a positive start on Wall Street as investors awaited the results from Nvidia's second quarter after the close, with the giant tech company's performance seen as a bellwether for wider market sentiment.