Market Pulse
MTI Wireless Edge wins new contract worth $0.7m
MTI Wireless Edge has secured a new contract from a new customer for the development and manufacturing of antenna solutions for a military application, worth about $0. 7m.
Fitbug interims healthier after focus swtiches to 'corporate wellness'
Fitbug reported a fall in first-half sales but said a strategy to focus on 'corporate wellness' rather than the retail sector had resulted in a near-halving of losses.
Study suggests fitness trackers not useful for weight-loss
Fitness tracking devices from the likes of Fitbit, Fitbug and Cloudtag may not actually provide any health benefits, according to new research from the US.
Europe midday: Banking stocks lead the charge after BoJ move; Fed eyed
European stocks rose, with banks leading the charge after the Bank of Japan stood pat on rates but tweaked its policy framework, as investors looked ahead to a policy announcement from the Federal Reserve.
London midday: Stocks gain as investors weigh BoJ policy, eye Fed
London stocks rose on Wednesday after the Bank of Japan altered its stimulus programme to spur growth.
Barclays upgrades Anglo American, Kaz as it reviews mining sector
Barclays upgraded Anglo American to ‘equalweight’ from ‘underweight’ and lifted the price target to 845p from 550p on strong valuation support and solid earnings momentum, particularly from the recent rally in coking coal which leaves the balance sheet in a much better position than the bank had expected.
Postal Savings Bank of China raises $7.6bn in IPO
The biggest initial public offering (IPO) since 2014 has seen the Postal Savings Bank of China set a lower than expected price of $7. 6bn, on the back of disappointing demand for the state-owned bank in the Hong Kong market.
Physiomics raises £555,000 after shelving BioMoti acquisition
AIM listed Physiomics has called off its BioMoti acquisition after investors instead backed plans to develop its modelling and simulation business with a £555,000 discounted fundraising.
Riksbank leans towards not renewing QE in December, minutes show
At least half of the Swedish central bank's rate-setters now believed there was no need to extend asset purchases past December, the minutes of its last policy meeting revealed.
Shepherd Neame serves up a solid set of results
Britain’s older brewer Shepherd Neame announced its results for the 52 weeks to 25 June on Wednesday, claiming a “record set of results” with impressive progress against its strategic objectives.
Zibao Metals earnings slashed in very tough year
Hong Kong-based recyclable metal trader Zibao Metals Recycling Holdings announced its final results for the year to 31 March on Wednesday, with revenue rising to HKD 497. 0m from HKD 403. 8m.
Milestone's Nexstar begins distribution on Amazon Prime Video
Digital media and technology solutions company Milestone Group announced on Wednesday that its Nexstar joint venture with Black Cactus is now distributing independent film and video to the Amazon Prime global streaming service.
Cenkos nears three-year low as AIM fundraisings stall
First-half sales and profits cratered at small and mid-cap broker Cenkos Securities as several larger client fundraisings slipped into the second half, sending the shares below 100p for the first time in almost three years.
Government needs to sustain jobs growth after Brexit vote, says REC
Government involvement is needed to sustain the growing jobs market success and also quell plummeting employer confidence since the EU referendum, an industry body said on Wednesday.
HSBC ups Barclays to 'buy' on non-core disposals
Barclays got a boost on Wednesday as HSBC upgraded the stock to ‘buy’ from ‘hold’ and lifted the price target to 190p from 150p saying the pending disposal of Barclays Africa will be positive for sentiment.
ExxonMobil to be investigated by regulators over asset values
US oil corporation ExxonMobil is to have its assets examined by the Securities and Exchange Commission, after questions have emerged about how they are reported by the company.
Brooks Macdonald's profit rises despite low investor sentiment post Brexit
Investment management company Brooks Macdonald full year revenue and profits increased despite low investor sentiment in the run-up to, and following the EU referendum in June.
Polymetal should outperform gold index, Berenberg ups price target
After Polymetal International was re-admitted into the FTSE 100 index on Monday, broker Berenberg upped its target price by almost 20%.
BoJ sets new target for longer-term interest rates, yen rises
Rate-setters at Japan´s central bank set themselves a new target for longer-term interest rates as part of their fight against deflation, as they moved away from policies focusing on expansion of the monetary base and towards influencing the shape of the government bond yield curve.