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China inflation nudges higher, narrowly misses forecasts
Inflation in China nudged marginally higher in May, official data showed on Wednesday, while producer prices eased.
Berenberg nudges up target price on Renew Holdings
Analysts at Berenberg raised their target price on engineering services firm Renew Holdings from 1,250. 0p to 1,200. 0p on Wednesday following the group’s capital markets day last week.
Rentokil surges as Nelson Peltz's Trian said to have taken 'significant' stake
Rentokil surged to the top of the FTSE 100 on Wednesday following reports that activist investor Nelson Peltz’s Trian Fund Management has taken a "significant" stake in the pest control company.
Image Scan wins £350k contract with military customer
X-ray screening systems supplier Image Scan said on Wednesday that it has secured a contract worth more than £350,000, scheduled for delivery in the second half of FY24.
Recent fall in Flutter's stock "excessive", says JPMorgan
JPMorgan has reiterated its 'overweight' rating on gambling group Flutter Entertainment, saying that the recent drop in the shares has been "excessive".
Checkit scores 'significant expansion' with existing customer, secures first AI contract win
Monitoring platform operator Checkit said on Wednesday that it has secured a “significant expansion” with an existing US customer and a first customer for its recently launched AI module.
Frontier Developments delivers 'strong' H2 performance
Video games publisher Frontier Developments said on Wednesday that it had delivered a "strong" second half performance following its strategy reset to refocus on creative management simulation games.
Europe open: Shares up with eyes on US Fed, inflation
European shares started Wednesday on the front foot as investors digested stagnant GDP figures from the UK and awaited an interest rate decision from the US Federal Reserve after inflation data for May.
Scancell shares jump on new antibody agreement with major biotech firm
Scancell Holdings saw shares surge on Wednesday after the the AIM-listed oncology immunotherapies group announced an agreement with a "major international biotechnology company".
Belluscura makes 'significant progress', proposes placing
Medical device developer Belluscura said on Wednesday that it had made "significant progress" in recent months and proposed a fundraising of up to £2. 4m.
Sector movers: Lenders' and miners' shares pace losses
Stocks on the FTSE 350 were in the red on Tuesday as investors waited on the result of the US central bank's policy meeting the next day.
London open: Stocks jump as uninspiring GDP raises rate cut hopes
London stocks rose in early trade on Wednesday as uninspiring UK GDP data raised hopes of a rate cut this summer.
HSS Hire loses key customer Amey, shares slide
HSS Hire tanked on Wednesday as it announced the loss of a key customer.
Molten Ventures asset value rises in 'productive' year
Molten Ventures reported a gross portfolio value of £1. 379bn in its final results on Wednesday, a slight increase from £1. 371bn year-on-year, as net assets grew to £1. 251bn from £1. 194bn.
DFS cites weaker demand, Red Sea disruption as it warns on profits again
DFS warned on profits again on Wednesday as it pointed to weaker demand and Red Sea disruption.
UK economy stagnates in April
The UK economy stagnated in April, according to figures released by the Office for National Statistics on Wednesday, having just come out of a recession a month earlier.
German annual inflation confirmed at 2.8% in May
The final reading of Germany inflation for May confirmed that annual price growth had picked up to a four-month high, with numbers in line with the preliminary estimate released two weeks ago.
London pre-open: Stocks seen up; UK economy stagnates in April
London stocks were set to rise at the open on Wednesday following heavy losses in the previous session, as investors mulled the latest UK GDP data.
Legal & General launches £200m buyback, Molten Ventures net assets rise
London open The FTSE 100 is expected to open 47 points higher on Wednesday, having closed down 0. 98% on Tuesday at 8,147. 81.
Legal & General unveils £200m buyback and restructuring plan
Insurance, retirement and investment services group Legal & General has announced a £200m share buyback as it set out plans to restructure the business into three core units and promised to increase shareholder returns.