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UK mortgage approvals and lending drop in July
Mortgage approvals and consumer lending both declined in July as elevated interest rates and the rising cost of living continue to wreak havoc with personal finances.
Bidstack enters exclusive in-game ad partnership with Venatus
Bidstack Group announced an exclusive commercial partnership with Venatus Media on Wednesday, granting Venatus sole access to Bidstack's comprehensive in-game advertising inventory in six key global markets.
Challenger Energy establishes £3.3m funding facilitiy
Challenger Energy announced a series of strategic initiatives on Wednesday, most notably the establishment of a £3. 3m convertible loan note funding facility.
Alien Metals selects contractor for Hancock crushing and screening
Alien Metals announced the selection of Rapid Crushing & Screening Contractors as its preferred supplier for crushing and screening services at flagship Hancock Iron Ore Project on Wednesday.
US pre-open: Futures slip ahead of key ADP jobs report
US stock futures edged lower in pre-market trade on Wednesday as investors chose to take profits are recent gains ahead of some key data from the labour market.
Falcon Oil upbeat on progress at Beetaloo well
Falcon Oil announced on Wednesday that the Shenandoah South 1H (SS1H) pilot hole, located in exploration permit 117 in the Beetaloo Sub-basin, had reached a total vertical depth (TVD) of 3,300 metres.
Prudential H1 profits rise as new CEO unveils pivot towards Asia
Insurer Prudential on Wednesday posted a better-than-expected 6% rise in first-half operating profits as Chinese investors bought its products in Hong Kong after Covid restrictions were lifted, and also outlined a new investment strategy pivot towards Asia.
Eurozone economic sentiment drops in August
Economic sentiment in the eurozone fell a touch more than expected in August, according to a survey released on Wednesday.
Asia report: Markets mostly rise amid global tech rally
Asian stock markets were mostly positive on Wednesday, buoyed by a technology-led rally on Wall Street overnight, where shares of Nvidia spurred enthusiasm.
Bitcoin climbs with a vengeance and rises above $27,000 thanks to Grayscale and 'bad news'
Bitcoin has risen strongly (+7%) and has surpassed $27,000 ($27,645), finally moving away from the $26,000 to which it clinged to for weeks. The cryptoqueen has benefited due to several aspects. On the one hand, the courts have ruled in favor of Grayscale against the US SEC for the review of the Bitcoin ETF. On the other hand, the latest bad macro data in the US pushes away the possibility of another Federal Reserve (Fed) rate hike in September, which also has a positive influence.
London open: Stocks gain on US cues; Prudential rallies
London stocks rose in early trade on Wednesday, taking their cue from a solid session on Wall Street, with Prudential pacing the gains.
Instem shares surge on £203m takeover offer
Shares in Instem soared 40% on Wednesday morning after the life sciences software company received a £203m takeover offer from healthcare-focused investment firm ARCHIMED.
The Works cuts dividend despite full-year revenue growth
Discount stationery, crafts, books and toys retailer The Works reported revenue growth and resilience amid a challenging economic environment in its preliminary results on Wednesday, largely due to strong in-store sales.
Vertu Motors on track despite weaker used car sales
UK car dealership group Vertu Motors said it remains on track for the full year after a solid first half, despite used vehicle sales being hit by rising interest rates.
JPMorgan puts Kingfisher on 'negative catalyst watch', cuts price target
JPMorgan Cazenove trimmed its price target on shares of B&Q owner Kingfisher on Wednesday and placed them on ‘negative catalyst watch’ ahead of first-half results next month.
Superdry shares suspended as full-year results delayed
Fashion retailer Superdry announced on Wednesday that its full-year results aren't ready, meaning that shares have had to be temporarily suspended from trade in London.
Direct Line appoints new CEO, Smiths Group acquires US unit
London open The FTSE 100 is expected to open 20 points higher on Wednesday, having closed up 1. 72% on Tuesday at 7,464. 99.
Anglo sees continued soft demand for De Beers diamonds
FTSE 100 mining group Anglo American has announced another large fall in diamond revenues from the latest sales cycle at subsidiary De Beers, saying that buyers were being "prudent" because of the macro environment.
London pre-open: Stocks seen up on positive US cues
London stocks were set to rise at the open on Wednesday following a solid session on Wall Street.
Smiths Group beefs up HVAC offering with $82m acquisition
Engineering giant Smiths Group is beefing up its US heating, ventilation and air conditioning (HVAC) operations with the purchase of Ohio-based Heating & Cooling Products.