Market Pulse
Supervalu 2Q earnings in line but revenue misses
Second-quarter numbers from supermarket chain Supervalu were in line with expectations on the earnings front, but weaker-than-forecast in terms of revenue.
Wednesday broker round-up
B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p.
Gulfsands Petroleum agrees farm-out from Colombian block
Gulfsands Petroleum has agreed a farm-out agreement for one of its two Colombian projects with Canada's Samarium Tennessine.
Europe midday: Stocks waver as investors mull earnings, China data
European stocks wavered on Wednesday as investors sifted through more corporate releases and mulled over the latest data from China.
Obama tells "whining" Trump to drop rigged election accusations
US president Barack Obama has once again criticised the Republican candidate to succeed him, as he told Donald Trump to "stop whining" after the nominee claimed that the election will be fixed against him.
Herencia Resources agrees $200,000 funding for 're-invigoration' strategy
Copper mining minnow Herencia Resources secured $200,000 from two shareholders to provide working capital and to fund its "re-invigoration" strategy.
US pre-open: Stocks set for subdued open ahead of more earnings
US futures pointed to a subdued open on Wall Street ahead of more earnings releases, with banking giant Morgan Stanley slated to report.
Asia report: Most markets higher as China meets expectations
Most Asian markets were ahead on Wednesday, after the Chinese government released official data suggesting the economy was growing in line with expectations.
Cluff Natural Resources reports 'significant' amounts of gas at North Sea licence
Cluff Natural Resources said it was stepping up its hunt for a farm-out partner after a "very significant" increase in natural gas was confirmed at its wholly owned licence in the North Sea.
Leaving EU customs union could lower GDP by 4.5% by 2030
Leaving the European customs union could lower Britain's GDP, according to three reports which were circulated at a Brexit cabinet meeting.
Yahoo core revenue plummets as CEO insists there will be no change to Verizon deal
Struggling internet company Yahoo reported a core revenue fall of 14% in its third quarter earnings from the previous quarter, but CEO Marissa Mayer insisted that the company's agreement to be taken over by Verizon Communications will not be affected.
OMG discontinues its Life business
Oxford Metrics (OMG), an AIM-listed technology group providing products and services for the life sciences, entertainment, engineering and government markets, has decided to discontinue OMG Life and instead focus on its other two businesses Vicon and Yotto.
Barclays names Crest Nicholson 'top pick', confident on housebuilders
Crest Nicholson got a boost on Wednesday as Barclays said the stock was its ‘top pick’, replacing Redrow, following a period of share price underperformance that has left it looking “highly attractive”.
Feedback's revenue rises as it expands in Asia
Software company Feedback, which specialises in medical imaging tools, reported a rise in revenue while losses after tax narrowed as it expands its texture analysis software in Asia.
Intel reports Q3 profits rise but forecast disappoints
Shares in chipmaker Intel Corporation fell 6% in extended trading on Tuesday after it reported its third quarter earnings, despite an 8. 7% rise in profit.
Hotel Chocolat serves sweet set of maiden results
AIM-listed luxury chocolatier Hotel Chocolat Group’s maiden revenue increased as it opened new stores and cafes and invested in improving production efficiency.
Advanced Oncotherapy gets planning permission for Harley St site
AIM-listed Advanced Oncotherapy has been granted planning permission by Westminster Council for a proton beam facility on Harley Street.
OneView warns on full-year revenue amid contract delays
AIM-listed digital transformation software provider OneView warned on Wednesday that revenue for the current financial year is likely to be below market expectations due to contract delays.
Reckitt Benckiser growth slows as South Korea and Russia weigh
Health, hygiene and home products manufacturer Reckitt Benckiser saw sales growth slow in the third quarter as it was impacted by ongoing legal issues in South Korea and low demand in Russia.
ECO Animal Health gets Thai approval for Aivlosin
ECO Animal Health Group announced on Wednesday that its subsidiary ECO Animal Health Limited has received a marketing authorisation from the Thailand Food and Drug Administration for the use of Aivlosin 625 mg/g water soluble granules in chickens laying eggs for human consumption.