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IQE planning to float minority stake in Taiwan subsidiary
Compound semiconductor wafer and advanced material specialist IQE announced its intention to pursue an initial public offering (IPO) for its Taiwanese operating subsidiary IQE Taiwan on the Taiwan Stock Exchange (TWSE) on Wednesday.
Europe midday: Stoxx holds despite rise in EZ inflation
European shares held gains on Wednesday as investors digested an unexpected rise in eurozone inflation and looked ahead to rate decisions from the US and UK amid another dump of corporate earnings.
James Halstead flags record full-year record profits
Commercial flooring manufacturer and distributor James Halstead said in an update on Wednesday that it expected to report record profit before tax for the year ended 30 June, in line with upwardly-revised market expectations.
James Halstead flags record full-year record profits
Commercial flooring manufacturer and distributor James Halstead said in an update on Wednesday that it expected to report record profit before tax for the year ended 30 June, in line with upwardly-revised market expectations.
German unemployment rises more than expected in July
German unemployment rose more than expected in July, according to the Bundesagentur für Arbeit, as Germany's economy continues to struggle to recover from heightened energy costs, weak global orders and all-time high interest rates.
London midday: Stocks maintain gains ahead of Fed
London stocks were still firmly in the black by midday on Wednesday, underpinned by strength in the mining and energy sectors, as investors eyed the latest policy announcement from the US Federal Reserve.
DuPont hikes guidance as semiconductor demand drives strong Q2 beat
Shares in DuPont de Nemours were rising strongly in pre-market trade on Wednesday after the American chemicals company beat both profit and revenue estimates in its second quarter, and raised its full-year projections.
Picton Property reports stable net asset value
Picton Property Income reported a stable net asset value of £524. 1m for the quarter ended 30 June on Wednesday, a slight decrease from £524. 5m in the prior three months.
GlobalData upbeat on first half results
Data, analytics, and insights specialist GlobalData reported a solid set of first-half results on Wednesday, highlighted by an 8% increase in adjusted EBITDA to £57. 8m, driving an improved EBITDA margin of 41%, up from 39% in the first half of 2023.
Endeavour to return $435m to shareholders over next two years
Africa-focused gold miner Endeavour Mining said on Wednesday that it would payout no less than $435. 0m via dividend payments over the next two years as it revealed it remained on track to deliver full-year production at costs near the top end of guidance.
Eurozone inflation rises unexpectedly to 2.6%
Eurozone prices increased marginally faster than anticipated in July, a development that might cause the European Central Bank (ECB) to reconsider its plans for further rate reductions.
Restore reports steady first-half performance
Information management and lifecycle solutions provider Restore reported a steady first-half financial performance on Wednesday, with group revenue remaining largely unchanged at £139. 4m, compared to £139. 6m in the same period last year.
Ricardo ends financial year with strong momentum
Shares in Ricardo were advancing on Wednesday the environmental and engineering consultancy said it saw a recovery in profitability in the second half, and has entered the new financial year in a strong position.
International Personal Finance upgrades expectations, launches buyback
International Personal Finance (IPF) announced a solid set of first-half results on Wednesday, upgrading its full-year expectations after a significant increase in profits, alongside a new share buyback programme aimed at enhancing shareholder value.
JPMorgan ups Spectris to ‘neutral’, says risk/reward more balanced
JPMorgan Cazenove upgraded Spectris on Wednesday to ‘neutral’ from ‘underweight’ and lifted the price target to 2,950p from 2,750p as it said the risk/reward was now more balanced.
Asia report: Markets rally as BoJ hikes interest rates
Asia-Pacific markets experienced a robust rally on Wednesday, with significant gains across major indices as investors reacted to central bank decisions and economic data from China.
FDM slashes dividend as first-half profits halve
IT consulting group FDM slashed its interim dividend after profits halved in the first half on the back of ongoing touch market conditions, but said that full-year results should still be in line with current forecasts.
ASML surges on report US will exempt allies from China chip restrictions
Dutch chip equipment maker ASML surged on Wednesday following a report it will be exempt from new US rules on foreign chip equipment exports.
Metro Bank shares jump on upgraded guidance
Metro Bank shares were rocketing on Wednesday morning, after it upgraded its guidance on the back of a strong set of first-half results.
Shaftesbury Capital reports robust first-half leasing activity
Shaftesbury Capital reported a 1. 6% increase in EPRA net tangible assets per share to 193. 4p in its half-year report on Wednesday, up from 190. 3p at the end of 2023.