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Europe close: Stocks edge up
European shares were up slightly with Germany's DAX outperforming, while shares in Swedish fashion giant H&M surged after profits smashed estimates.
Broker tips: IAG, Dr. Martens, Ascential
JPMorgan Cazenove placed shares of BA and Iberia owner IAG on ‘positive catalyst watch’ on Wednesday ahead of first-quarter results and following minor changes to estimates published yesterday.
US open: Shares on Wall Street edge up, Trump Media jumps again
Shares on Wall Street were edging higher on low trading volumes following three consecutive down sessions.
London close: Stocks manage small gains ahead of US inflation
London markets managed modest gains by the close on Wednesday, as investor sentiment remained cautious ahead of a crucial US inflation report later in the week.
Citi sees more than 20% upside for Ascential, stays at 'buy'
Analysts at Citi told clients they saw more than 20% upside in shares of Ascential, when not more.
Endeavour probe into former CEO finds hidden payments of $15m
An investigation into controversial former Endeavour Mining boss Sébastien de Montessus found two more “deliberately disguised” payments totalling $15m to an unnamed third party, the company said on Wednesday.
Ithaca eyes UK tie up with Eni; Profits slump on UK tax levy
North Sea oil and gas producer Ithaca Energy on Wednesday said it was looking at a potential tie-up with Italy's largest energy firm Eni covering its UK assets and reported a slump in annual profits blaming the British government’s energy tax and project impairments.
Thursday preview: US consumer confidence, UK Q4 GDP in the spotlight
Investors' attention on Thursday will be on a raft of economic data releases on the other side of the Atlantic.
RBC Capital cuts Dr Martens target price
RBC Capital Markets cut its price target on Dr Martens on Wednesday to 85p from 100p as it lowered its estimates for FY24-26 earnings per share by 7% to 10%.
European Metals confident in timeline of Cinovec feasibility study
European Metals Holdings updated the market on progress at the Cinovec Project in the Czech Republic on Wednesday, owned by its 49% subsidiary Geomet, focusing on the ongoing definitive feasibility study.
Great Western Mining posts encouraging results from Olympic Project
Great Western Mining released encouraging results from its ongoing exploration efforts on the Rhyolite Dome gold target on Wednesday, within its Olympic Gold Project in Nevada.
Europe open: Shares mirror weaker Wall St; H&M surges on Q1
European shares were flat at the open as investors looked for direction and shares in Swedish fashion giant H&M surged after profits smashed estimates.
Europe midday: Markets still cautious, but DAX outperforms
European shares edged ahead at midday with Germany's DAX outperforming, while shares in Swedish fashion giant H&M surged after profits smashed estimates.
Strix posts growth in full-year revenue and operating profit
Strix Group reported a 35. 2% jump in revenue in its 2023 results on Wednesday, to £144. 6m, accompanied by an increase in gross profit to £57. 2m, up 37. 7%.
Accesso enters partnership with Saudi Entertainment Ventures
Accesso Technology Group announced a partnership on Wednesday with Saudi Entertainment Ventures (Seven), a subsidiary of the Saudi Arabia Public Investment Fund (PIF).
SigmaRoc completes acquisition of CRH's UK lime assets
Lime and limestone specialist SigmaRoc announced the completion of its acquisition of the UK lime operations of CRH on Wednesday, which it first announced on 4 March.
London midday: FTSE drifts lower; Diploma rallies on acquisition
London stocks were a little weaker by midday on Wednesday, struggling for direction as investors eyed a key US inflation reading later in the week.
Ten Lifestyle inks significant contract with Emirates NBD
Ten Lifestyle Group announced a significant multi-year contract with Emirates NBD, a prominent banking group in the Middle East, North Africa and Türkiye region, on Wednesday.
James Halstead reports solid first half
Floor coverings manufacturer and distributor James Halstead reported robust profitability and a record interim dividend in its interim results on Wednesday.