Market Pulse
Fulcrum Metals acquires Canadian gold tailings project
Mineral exploration and development business Fulcrum Metals has agreed to acquire the Sylvanite Gold Tailings project, located in Kirkland Lake, Canada.
Strategic Minerals reports jump in Cobre sales revenue
Strategic Minerals said in an update on Wednesday that in the March quarter, sales revenue from Cobre totalled $0. 841m, marking an increase of over 100% compared to the same period in 2023.
Shore Capital upgrades AO World to 'buy'
Shore Capital upgraded AO World on Wednesday to ‘buy’ from ‘hold’.
Speedy Hire FY results seen towards lower end of expectations
Tools and equipment hire firm Speedy Hire said on Wednesday that full-year results were set to be towards the lower end of its expectations as cost inflation and softer demand dented revenues.
XP Power Q1 revenues slide, remains 'confident' of market position
Power control components manufacturer XP Power said on Wednesday that both order intake and revenue declined in the first quarter but said it remains confident of its market position.
IQE confident in recovery as it expands AWSC partnership
Semiconductor wafer and advanced material specialist IQE announced its results for the year ended 31 December on Wednesday, alongside announcing an expansion of its partnership with Advanced Wireless Semiconductor Company (AWSC).
Treatt delivers 'sold' H1 performance, sales accelerate in Q2
Ingredients manufacturer Treatt said on Wednesday that it had delivered a "solid performance" in the first half of its current trading year, with sales accelerating in Q2 and year-on-year profit growth.
4basebio to provide synthetic DNA to tier-one pharma firm
4basebio confirmed the provision of its synthetic DNA to an unnamed tier-one pharmaceutical company on Wednesday.
London open: Stocks gain ahead of US CPI; Tesco in the black
London stocks rose in early trade on Wednesday as investors eyed the latest US inflation reading, with Tesco in the black after well-received results.
Energean completes farm-of Morocco licences with Chariot
Energean announced on Wednesday that it has finalised its farm-in to Chariot’s offshore acreage in Morocco, after obtaining all the necessary approvals from the Moroccan authorities.
Capita extends contract with European telecoms company
Capita said on Wednesday that it has extended its customer experience contract with a "leading" European integrated telecoms company for two years from January 2024, with an option to extend for a further two years.
London pre-open: Stocks seen higher ahead of US inflation
London stocks were set to rise at the open on Wednesday as investors eyed the latest US inflation reading.
Wednesday newspaper round-up: Shoplifting, EnQuest, Klarna
The government is investing more than £55m in expanding facial recognition systems – including vans that will scan crowded high streets – as part of a renewed crackdown on shoplifting. The scheme was announced alongside plans for tougher punishments for serial or abusive shoplifters in England and Wales, including being forced to wear a tag to ensure they do not revisit the scene of their crime, under a new standalone criminal offence of assaulting a retail worker.