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US pre-open: Futures slip after airstrike on Gaza hospital
Surging oil prices and elevated bond yields were weighing on US stock futures on Wednesday as the deadly conflict in Gaza escalated with the bombing of a hospital in Gaza.
Cake Box trading as expected in first half
Cake Box said on Wednesday that trading in the first half of the year was in line with its expectations, with revenues and profits set to jump.
SigmaRoc flags decent revenue growth
Quarried materials specialist SigmaRoc reported 7% like-for-like revenue growth during the first nine months of the year on Wednesday, amounting to £435. 9m.
Adidas lifts profit guidance as Yeezy sell-off performs strongly
Adidas shares were rising strongly in Frankfurt on Wednesday after the sporting apparel and footwear giant surprised the market with expectations of booking a profit this year, helped by its ongoing sell-off of Yeezy stock.
Asia report: Markets mixed as Chinese GDP beats forecasts
Asia-Pacific markets finished with a mixed performance on Wednesday as investors digested robust economic data from China.
Whitbread 1H sales jump, new share buyback announced
Premier Inn owner Whitbread's topline growth at the half-year stage fell short of analysts' estimates, but the company was confident on the outlook.
Bodycote chooses industry veteran Jim Fairbairn as new CEO
Bodycote has chosen a veteran of the engineering sector to run the company starting from early 2024.
China GDP growth beats expectations
China’s economy grew by nearly 5% in the third quarter, official data showed on Wednesday, beating market expectations.
Citi downgrades Wizz Air, Lufthansa
Citi downgraded Wizz Air and Lufthansa on Wednesday as it took a look at the airline sector.
Marshalls confident in full-year performance after Q3 improvement
Marshalls reported total revenue of £528m for the first nine months of the year on Wednesday - a 3% decrease compared to the same period in 2022.
Europe open: Stocks mixed as Israel conflict drives risk-off trading
European stocks opened mixed on Wednesday as markets struggled for direction in the wake of yet another rise in bond yields and ongoing conflict in Israel.
Hochschild reports strongest quarter of the year to date
Precious metals specialist Hochschild Mining reported its strongest quarter for the year-to-date on Wednesday, producing 49,999 ounces of gold, 2. 6 million ounces of silver, 81,619 gold equivalent ounces, and 6. 8 million silver equivalent ounces.
London open: Stocks fall after inflation data; airlines under the cosh
London stocks fell in early trade on Wednesday as investors mulled a slightly hotter-than-expected UK inflation print.
Quilter AuMA take a slight dip in third quarter
Quilter reported assets under management and administration (AuMA) of £101. 4bn as of 30 September on Wednesday - a slight dip from the £101. 7bn recorded in June.
Liontrust reports fall in assets under management in Q3
Liontrust Asset Management reported net outflows of £1. 6bn in its third quarter on Wednesday, after combination talks with GAM ended.
Woodside grows Q3 revenues as output rises 8%
Woodside Energy said it was able to grow revenues in the third quarter as higher production offset lower commodity prices, as it reduced its spending guidance for the full year.
Pendragon slumps as AutoNation says it won't make an offer
Car dealership Pendragon slumped on Wednesday after US peer AutoNation said it would not be making an offer for the company.
Segro confident on robust rent roll growth
Segro reported robust rent roll growth for the year to date in a trading update on Wednesday, as well as a promising outlook on the back of its active asset management.
BHP to sell two Queensland coal mines for over $4bn
Commodities titan BHP is to sell two of its co-owned Queensland coal mines to Australian mining group Whitehaven Coal for $4. 1bn.
Antofagasta forecasts higher 2024 output after strong Q3
Chilean copper miner Antoagasta reported a 16% jump in copper output in the third quarter and said it expects to ramp up production next year as a result of progress made at its Los Pelambres in the Coquimbo Region.