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Brave Bison trading in line with expectations
Digital advertising and technology services company Brave Bison said in an update on Wednesday that trading in the first five months of 2024 met expectations, with the board anticipating adjusted profit before tax for the six months ended 30 June to surpass the prior year's figures.
Berenberg hikes target price for Oxford Instruments
Berenberg has hiked its price target for shares of Oxford Instruments by 12% and reiterated a 'buy' rating, saying that the stock still trades at a significant discount to others in the sector despite strong growth momentum.
Light Science Technologies secures £0.75m contract
Light Science Technologies announced a significant contract worth over £0. 75m on Wednesday, with a new blue-chip customer, for its passive fire protection division LSTH IFB.
Powerhouse installs crucial kiln at Bridgend Technical Centre
Powerhouse Energy announced the successful delivery and installation of its thermal conversion chamber (TCC) at its Bridgend Technical Centre on Wednesday.
Jefferies lifts Hargreaves Lansdown price target, cuts to ‘hold’
Jefferies lifted its price target on Hargreaves Lansdown on Wednesday to 1,140p from 1,035p but cut the rating to ‘hold’ from ‘buy’ after the investment platform said a day earlier that it would recommend a 1,140p a share takeover offer from a consortium led by CVC.
Asia report: Markets mixed as investors digest Japan trade data
Asian markets saw a mixed performance on Wednesday, with notable gains in Hong Kong.
Severfield profits beat forecasts despite lower revenue
Structural steel specialist Severfield reported revenue of £463. 5m in its final results on Wednesday, down from £491. 8m in 2023 amid softer market conditions.
IQE co-founder to step down with immediate effect
The co-founder of IQE is stepping down with immediate effect, the semiconductor specialist confirmed on Wednesday, after nearly 36 years with the business.
Young's posts jump in annual revenues, flags 'feast' of summer sport
Young & Co’s Brewery struck an upbeat note on Wednesday, despite a slide in full-year profits, as it flagged a bumper summer of sport.
Ixico wins £1m research contract
Precision analytics company Ixico announced a new contract valued at over £1m on Wednesday.
Alliance Pharma posts strong results after audit delay
Alliance Pharma reported strong preliminary results for the year ended 31 December on Wednesday, after an audit delay, driven by a robust second half that led to record sales and expanded underlying profit.
Victoria still outperforms market as full-year losses widen
Flooring manufacturer and distributor Victoria said in its final results on Wednesday that despite macroeconomic challenges affecting consumer spending on flooring, it still outperformed the broader market in several key regions.
Nextenergy Solar hikes annual dividend despite slip in NAV
Solar energy and energy storage investment firm NextEnergy Solar Fund hiked its dividend by 11% despite reporting flat income and a modest drop in net asset value (NAV) in the year ended 31 March.
Vodafone sells 18pc stake in Indus Towers
Vodafone Group confirmed several days of speculation on Wednesday, as it announced the sale of 484. 7 million shares in Indus Towers, representing 18% of Indus' share capital, through an accelerated bookbuild.
Europe open: Upbeat Wall St, fall in UK inflation fails to inspire Stoxx
The ebullient close on Wall Street and a fall in UK inflation to 2% for the first time since 2021 failed to inspire European markets on Wednesday with shares opening flat.
London open: Stocks edge down as investors mull inflation data
London stocks edged lower in early trade on Wednesday as data showed that annual consumer price inflation eased to the Bank of England’s 2% target in May.
Helios Towers shares drop as institutional investors offload £43m stake
Telecoms tower company Helios Towers has announced a secondary placing of shares, in which stakeholders Newlight Partners and RIT Capital Partners sold a combined £43. 2m of stock, causing the share price to sink on Wednesday.
UK inflation eases to BoE's 2% target
Annual consumer price inflation fell to 2% in May from 2. 3% in April, in line with expectations, according to figures released on Wednesday by the Office for National Statistics.
Spectris warns on profits after weak lab tools sales
Precision instrumentation and controls group Spectris has said full-year profits will miss current market forecasts as a result of weaker-than-expected demand at its lab equipment division in the first half.
London pre-open: Stocks seen flat as inflation eases to BoE's 2% target
London stocks were set for a steady open on Wednesday as investors mulled the latest UK inflation reading.