Market Pulse
Horizon Disc gains Chinese partnerships to develop tumor diagnostic kit
Horizon Discovery, a developer of gene editing technologies, has entered into partnerships with three Chinese diagnostic kit developers to treat tumours.
AB Dynamics zooms ahead in automotive industry
AB Dynamics, the AIM-listed automotive testing systems designer, reported a rise in profits in line with expectations for the year to the end of August.
China Africa Resources in talks over possible restructuring
China Africa Resources noted the jump in its share price on Wednesday and confirmed that it is in the final stages of negotiating a transaction that could lead to the restructuring of the group.
Tungsten Bank gains regulatory approval to be sold to Wyelands
Tungsten Corporation, an e-invoicing network, has received UK regulatory approval to sell its bank to Liberty house billionaire Sanjeev Gupta's Wyelands Holdings for £30m, which is expected to complete on 21 December.
US pre-open: Stocks set for muted start as investors pause for breath
US futures pointed to a muted open on Wall Street as investors paused for breath following the recent rally.
Unemployment falls to 11-year low but timelier claimant count rises
UK unemployment fell to its lowest rate in 11 years in September, though a more recent measure of the claimant count showed a larger increase than expected in October.
Asia report: Most markets higher after US crude surge
Markets in Asia finished mostly higher on Wednesday, after a surge in oil prices overnight and a strong showing on the New York indexes on Tuesday.
HICL Infrastructure's net assets rise as 'minimal impact' seen from Brexit
Investment firm HICL Infrastructure Company’s half year net asset value increased as it felt “minimal” impact from any uncertainty in the wake of the EU referendum.
Soco sees delay on Mongolia assets payment; production in line with guidance
Soco International said in a trading and operations update on Wednesday that payment from the buyer of its Mongolian assets had been delayed by at least 30 days.
HSBC upgrades Electrocomponents to 'buy' as sentiment shifts
HSBC upgraded Electrocomponents to ‘buy’ from ‘hold’ and lifted the price target to 430p from 240p as it pointed to the self-help story.
Mitie slumps on RBC Capital downgrade
Shares in outsourcing company Mitie were under the cosh on Wednesday as RBC Capital Markets downgraded its stance on the stock to ‘underperform’ from ‘sector perform’ and cut the price target to 160p from 195p ahead of first-half results.
Goldman ups Anglo American to 'buy' from 'sell'
Goldman Sachs upgraded Anglo American to ‘buy’ from ‘sell’ and upped the price target to 1,400p from 400p.
British Land drives strong interim profits but proceeds with caution
British Land lifted profits strongly higher in the first half of its financial year but said it expects to proceed more cautiously in property development as it noted a change in the behaviour of property markets since the Brexit vote, with leasing momentum maintained in retail but more caution among office occupiers.
Egdon Resources buys additional stake in East Midlands licence
AIM-listed oil and gas explorer Egdon Resources has bought the additional stake in an East Midlands licence from Corfe Energy for £50,000.
Segro confirms Soumen Das to join as CFO in January
Further to its announcement back in July, FTSE 250 property developer Segro has confirmed that Soumen Das will join the company as chief financial officer with effect from 16 January.
Europe open: Stocks waver as investors sift through earnings
European stocks wavered in early trade as investors sifted through corporate earnings.
London open: Stocks little changed as investors eye jobs data
Stocks in London were muted in early trade as investors awaited the release of UK jobs data.
Morrisons expands Amazon partnership with Prime Now offering
Supermarket chain Morrisons expanded its partnership with online retail giant on Wednesday, announcing a new service called 'Morrisons at Amazon'.
Prudential nine-month new business profit up, to boost divi by 5% a year
FTSE 100 insurer Prudential reported a jump in new business profit for the first nine months of the year and said it plans to boost its dividend by 5% a year.
Severn Trent to buy Dee Valley for £78.5m
Severn Trent has agreed to buy smaller listed water service provider Dee Valley Group for about £78. 5m, gazumping a rival that had previously shaken hands on a deal.