Headline News
GitLab said to be exploring sale, shares surge
GitLab surged on Wednesday following a report it is exploring a sale after attracting acquisition interest.
US industrial production jumps in June, led by output from utilities
Industrial production in the States jumped in June, led by a surge in output from utilities.
US housing starts pick up in June, but details weak
Homebuilding activity in the US picked up last month, but the details of the report were not as strong as it might appear at first hand.
Klarna lining up financial advisers for US IPO - report
Swedish payments fintech Klarna is reportedly lining up financial advisers for a long-awaited initial public offering in the US that will be among the most anticipated listings in recent years.
CVC eyes up possible Telegraph bid - report
Private equity giant CVC is running a slide rule over The Telegraph, it was reported on Wednesday, the latest potential bidder to show an interest in the UK newspaper.
Adidas lifts full-year guidance, shares bounce
Shares in Adidas sparked on Wednesday, after the German firm boosted full-year guidance for the second time in three months.
UK inflation holds steady at 2%
UK inflation was unchanged in June, official data showed on Wednesday, in line with the Bank of England’s target.
Pernod Ricard to sell international wine brands to Accolade Wines owner
Pernod Ricard said on Wednesday that it has agreed to sell its international strategic wine brands to Australian Wine Holdco Limited (AWL), a consortium of international institutional investors and owner of Accolade Wines.
Body Shop to be bought out of administration
A consortium backed by British tycoon Mike Jatania has agreed to buy The Body Shop International out of administration, it was announced on Wednesday.
Antofagasta warns on full-year production
Shares in Antofagasta came under pressure in early trading on Wednesday, after the Chilean miner warned annual production would be at the lower end of guidance.
Smiths Group sells down stake in ICU Medical
Smiths Group announced the sale of 1. 2 million shares in ICU Medical on Wednesday, amounting to roughly 4. 9% of ICU Medical’s issued share capital.
Mitie to buy ESM Power for up to £8.5m
Mitie said on Wednesday that it has agreed to buy ESM Power, a high voltage electrical engineering business specialising in grid and power connections, for up to £8. 5m.