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London midday: Stocks fall further ahead of US inflation reading
London stocks had fallen further by midday on Wednesday as investors mulled weaker-than-expected UK GDP data and looked ahead to the latest US inflation reading.
Bunzl offers strong value, says Shore Capital
Shore Capital has repeated its 'buy' recommendation for Bunzl, saying the distribution giant offers "strong value and investment credentials".
Berenberg says AI fears around Keyword Studios 'overdone'
Berenberg analysts sounded a confident note on Keyword Studios, even as they slashed their target price on the company's shares from 3,450. 0p to 2,120. 0p.
US pre-open: Markets to tread water ahead of CPI data
US stock markets were poised for a muted start on Wednesday, with futures lower across the board as investors cautiously waited for US inflation data – which could provide some insight into how the Federal Reserve may adapt its approach to monetary policy in the coming months.
Europe midday: Shares lower on EZ data, UK GDP, US inflation fears
European shares were lower on Wednesday as investors digested data showing the UK economy contracted more than expected in July, a fall in eurozone industrial production and also awaited a key inflation reading from the US.
Profits jump at Zara owner Inditex
Spanish retail giant Inditex reported better-than-expected interim profits on Wednesday, on the back of strong global demand.
Central Asia Metals lowers dividend after weaker first half
Central Asia Metals (CAML) declared a dividend of 9p per share for its first half on Wednesday, down from 10p in the same period last year.
Redrow sees profit halving in 2024 as summer housing sales slump
UK housebuilder Redrow said it expected profits and revenue to halve next year as the housing market laboured amid higher borrowing and challenging conditions, with the company's weekly sales slumping over the summer.
PetroTal confirms dividend, maintains production guidance
PetroTal confirmed in an update on Wednesday that it would distribute a dividend payment of $23m on 15 September.
Marlowe starts new financial year on strong footing
Regulatory compliance software and service provider Marlowe said in a trading update on Wednesday that it had started its new financial year on a strong note, with trading performances aligning with its projections.
Barclays lifts target price for AB Foods
Barclays has raised its target price for the shares of Associated British Foods after the food, ingredients and retail group upped its profit guidance for the full year despite shrinking margins at its Primark division.
Asia report: Markets fall on back of US tech sell-off
Markets across the Asia-Pacific region largely declined on Tuesday, as investors examined pivotal economic data from Japan and South Korea.
Model railway group Hornby on track after solid H1
British model railway maker Hornby said it continues to expect low double-digit revenue growth after a solid start to the new financial year.
CAB Payments posts surge in first-half income
Cross-border payments specialist CAB Payments reported a 94% surge in its total first-half income on Wednesday, to £71. 8m.
Hunting confirms full-year outlook, sets long-term targets
Engineering firm Hunting unveiled its long-term targets on Wednesday, including reaching annual sales of $2bn by the end of the decade, as it reiterated its full-year guidance.
On The Beach FY pre-tax profit seen at top end of market views
On The Beach said on Wednesday that full-year adjusted pre-tax profit was set to be at the top end of market expectations as it hailed record total transaction value (TTV).
Bitcoin regains $26,000, but new problems keep arising
The cryptocurrency market´s made a comeback. After the steep falls seen on Monday, Bitcoin (BTC) rises around 0. 9% in the last 24 hours and regains $26,000, while Ethereum (ETH) rebounds around 0. 6% and is hovering around $1,600.
Primary Health Properties makes its biggest Ireland acquisition yet
Healthcare facilities investor Primary Health Properties announced on Wednesday that it would acquire Ireland's first Enhanced Community Care (ECC) facility located near Cork for €29. 64m.
Falling margins dent hamper profit growth at Alpha Group
Fintech and consultancy group Alpha saw shares fall sharply on Wednesday despite the company saying it remains on track for the full year after a solid first half, as falling margins held back underlying profit growth.
Europe open: Weak UK GDP data hits sentiment as shares fall
European shares opened lower on Wednesday as investors digested news that the UK economy contracted more than expected in July and awaited a key inflation reading from the US.