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US pre-open: Stocks little changed ahead of CPI reading
Wall Street futures were little changed ahead of the bell as market participants awaited the release of March's all-important consumer price index later in the day.
Europe midday: Stocks rise ahead of key US inflation data
Strong gains from tech stocks, as well as heavyweights Tesco and Philips, were providing a lift on European equity markets on Wednesday, with investors in a positive mood ahead of a key inflation report from across the Pond.
London midday: Tesco paces gains as investors eye US inflation
London stocks were still in the black by midday on Wednesday, with Tesco pacing the gains after well-received results, as investors eyed the latest US inflation reading.
NATS appoints former Rolls-Royce CEO as chair
Warren East, the former boss of Rolls-Royce and ARM Holdings, has been appointed as chair of NATS as the air traffic control company attempts to repair its reputation following last August's IT system meltdown which led to more than 700,000 passengers facing disruption.
Epwin reports strong year despite market challenges
Energy-efficient and low-maintenance building products specialist Epwin Group said in its final results on Wednesday that, despite challenges posed by raw material cost inflation and market volatility, it delivered a strong performance, with revenue totalling £345. 4m and underlying operating profit reaching £25. 5m, marking a 19% increase over the prior year.
Enteq FY losses narrow
Energy services firm Enteq said on Wednesday that it had narrowed full-year losses as it continues tp focus on the development and commercialisation of its SABER Tool, whilst maintaining a lean overhead base.
Malvern International reports strong turnaround in 2023
Malvern International unveiled its preliminary results for 2023 on Wednesday, showcasing a notable turnaround in its business performance.
easyJet cabin crew secure 20pc rise in base pay
Cabin crew at low-cost airline easyJet are to receive a 20% increase in their basic pay, it was announced on Wednesday, after negotiations with the Unite union.
Mercia Asset Management reports record fund inflows
Mercia Asset Management released its trading summary for the financial year ended 31 March on Wednesday, with organic fund inflows surpassing £0. 5bn, marking a record and reflecting a 40% surge in third-party funds under management since the start of the financial year.
Philips creates 'clear path forward' with FDA over Respironics probe
Shares in Philips were rising in Amsterdam on Wednesday the Dutch conglomerate settled on a consent decree with US regulators over a Respironics product recall back in 2021.
Asia report: Stocks mixed as RBNZ stands pat on rates
Asia-Pacific markets finished with a mixed performance on Wednesday, influenced by Japan's corporate inflation data for March and a rate decision from New Zealand's central bank.
Chamberlin Q3 underlying demand below management expectations
Castings and machining group Chamberlin said on Wednesday that underlying demand was below internal expectations during Q3, with lower than anticipated sales "negatively" affecting profitability and working capital.
Fulcrum Metals acquires Canadian gold tailings project
Mineral exploration and development business Fulcrum Metals has agreed to acquire the Sylvanite Gold Tailings project, located in Kirkland Lake, Canada.
Strategic Minerals reports jump in Cobre sales revenue
Strategic Minerals said in an update on Wednesday that in the March quarter, sales revenue from Cobre totalled $0. 841m, marking an increase of over 100% compared to the same period in 2023.
Shore Capital upgrades AO World to 'buy'
Shore Capital upgraded AO World on Wednesday to ‘buy’ from ‘hold’.
Speedy Hire FY results seen towards lower end of expectations
Tools and equipment hire firm Speedy Hire said on Wednesday that full-year results were set to be towards the lower end of its expectations as cost inflation and softer demand dented revenues.
XP Power Q1 revenues slide, remains 'confident' of market position
Power control components manufacturer XP Power said on Wednesday that both order intake and revenue declined in the first quarter but said it remains confident of its market position.
IQE confident in recovery as it expands AWSC partnership
Semiconductor wafer and advanced material specialist IQE announced its results for the year ended 31 December on Wednesday, alongside announcing an expansion of its partnership with Advanced Wireless Semiconductor Company (AWSC).
Fitch cuts China outlook to 'negative'
Fitch Ratings has cut its outlook on China to ‘negative’ on the back of the country's increasingly uncertain economic prospects.
Europe open: Philips, tech stocks lead gains early on
European stocks rose on Wednesday, with strong gains from tech stocks and healthcare giant Philips, as investors looked ahead to a crucial inflation report from the US due out in afternoon trade.