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MaxCyte reports solid second-quarter performance
Cell engineering company MaxCyte reported a robust financial performance for its second quarter on Wednesday, with total revenue reaching $10. 4m, a 15% increase compared to the same period in 2023.
Europe midday: Shares surge as rally continues, earnings boost sentiment
European shares surged on Wednesday on the back of a rebound on Wall Street and comments from the Bank of Japan's deputy governor who attempted to calm volatile markets, while a jump in German industrial production also provided a boost.
Lyft futures plummet despite surprise Q2 profit, as guidance disappoints
Lyft announced its first-ever quarter in the black on Wednesday on the back of a record number of rides, but shares tanked in pre-market trading as guidance for the current quarter disappointed investors.
Greencoat Renewables acquires 50pc stake in South Meath Solar Farm
Greencoat Renewables announced on Wednesday that it has completed the acquisition of a 50% stake in the 80. 5MWp South Meath Solar Farm, in County Meath, Ireland.
Tesla to recall 1.7m cars in China over bonnet latch problem
Tesla is to issue a software update to nearly 1. 7m cars in China to fix an issue with the bonnet latch that affected a similar number of vehicles in the US last month.
Berenberg upgrades Frontier Developments to 'buy'
Analysts at Berenberg upgraded video games business Frontier Developments from 'hold' to 'buy' on Wednesday and hiked their target price on the stock from 300. 0p to 330. 0p, stating the group's pipeline had now de-risked the equity story.
Expanded Property Franchise Group sees revenues surge
Multi-brand property franchisor the Property Franchise Group announced a surge in revenue for the first half on Wednesday , following its merger with Belvoir Group and the acquisition of GPEA.
Apax announces investment in HR software firm GreytHR
Apax Global Alpha (AGA), a closed-ended investment company that offers access to Apax Private Equity Funds, announced an upcoming strategic investment in greytHR, a human resource management software (HRMS) platform based in India.
Chinese trade surplus shrinks as imports surge
China's trade surplus shrank significantly in July, according to government figures released on Wednesday, as export growth eased and imports surged.
SoftBank unveils share buyback as losses narrow
Technology investing giant SoftBank Group reported a significant reduction in losses for its fiscal first quarter on Wednesday, alongside a bold plan to repurchase up to $3. 4bn worth of its shares.
Asia report: Most markets rise as global rebound continues
Asia-Pacific markets extended their rally on Wednesday, buoyed by Wall Street's recovery after a three-day losing streak.
Vodafone launches €500m share buyback
Vodafone has announced a share buyback programme of up €500m (£430m) to start on Wednesday and end no later than 29 November.
Siemens Energy posts Q3 profit, hikes FY free cash flow guidance
German gas and power business Siemens Energy upped its free cash flow guidance for the second time in three months on Wednesday amid stronger demand for its power grid technology and gas turbines.
Puma narrows full-year profit guidance, shares tank
Puma tanked on Wednesday as the sportswear maker narrowed its full-year core profit forecast, noting that macroeconomic and geopolitical challenges were weighing on consumer sentiment.
Commerzbank plans big share buyback despite profit dip
Commerzbank, Germany's second-largest listed bank, announced a 4. 8% decline in second-quarter net profit on Wednesday, reporting earnings of €538m compared to €565m in the same period last year.
Maersk upgrades guidance after strong second quarter
Maersk reported a significant improvement in its second-quarter financial performance on Wednesday, driven by strong volume growth across all of its business segments.
Novo Nordisk lifts sales outlook but Q2 profits miss the mark
Shares in Novo Nordisk slumped in Copenhagen on Wednesday after the Danish pharma group missed forecasts with its second-quarter profits and cut its earnings guidance for the full year.
Ofwat to appoint independent monitor to Thames Water
Ofwat said on Wednesday that it was looking to appoint a monitor to report on Thames Water’s progress in turning the business around after the water company lost two investment grade credit ratings.
4Imprint H1 profits grow despite 'challenging market conditions'
Promotional products marketing group 4imprint said on Wednesday that both revenue and profits had grown in the six months ended 29 June as the group took share in "challenging market conditions".
Hiscox H1 profits rise despite 'more active loss environment'
Lloyd’s of London insurer Hiscox posted a rise in first-half pre-tax profit on Wednesday despite a "more active loss environment".