Market Pulse
Broker tips: AO World, Asos
Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52. 0p to 75. 0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Director dealings: Angus Energy CEO ups stake
Angus Energy revealed on Wednesday that chief executive Richard Herbert had acquired 5. 0m ordinary shares in the AIM-listed onshore oil and gas development firm.
London close: Stocks mixed as bargain hunters pick over FTSE 100
London stocks showed a mixed performance by the close on Wednesday, with the top-flight index in the green as investors hunted for bargains after its four-week low on Tuesday.
US open: Stocks mixed as investors digest Powell comments
Major indices were mixed early on Wednesday, with the S&P 500 narrowly on track to snap its three-day losing streak.
Agronomics investee Mosa Meat raises EUR 40m
Cellular agriculture investor Agronomics announced the completion of a €40m fundraising round by its portfolio company Mosa Meat on Wednesday.
Time Out signs deal to open market in Budapest
Media and hospitality company Time Out Group announced plans for a new Time Out Market in Budapest on Wednesday, through a management agreement with Corvin Food Market.
US pre-open: Futures higher, S&P on track to snap losing streak
Wall Street futures were in the green ahead of the bell on Wednesday, with the S&P 500 on track to snap its three-day losing streak.
Berenberg lowers target price on Asos
Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510. 0p to 490. 0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.
Asia report: Markets finish mixed after earlier sell-off
Markets across the Asia-Pacific region closed in a varied state on Wednesday, in the wake of Tuesday's widespread decline.
Eckoh expanding availability of voice cloud platform
Eckoh announced on Wednesday that it has augmented its global secure voice cloud platform, enhancing its availability and geographic coverage.
Tekcapital's Innovative Eyewear inks deal with US firm
Intellectual property investor Tekcapital announced a fresh development from its portfolio company Innovative Eyewear on Wednesday, as the latter launched a strategic partnership with Windsor Eyes, a prominent eyewear manufacturing and distribution firm.
Canaccord Genuity raises target price on AO World
Analysts at Canaccord Genuity raised their target price on electrical retailer AO World from 52. 0p to 75. 0p on Wednesday after the group's trading update last week led the broker to adjust its FY24-26 estimates.
Synectics wins £800,000 contract with 'major UK utility provider'
Security and surveillance systems business Synectics has been awarded an £800,000 contract with a new customer to deliver a multi-site deployment of its proprietary software platform, Synergy.
Safestay secures first management contract
Hostel operator Safestay has inked its first management contract to run the resort-based 120-bed Calpe Seafront Hostel on Spain's Costa Blanca.
Surface Transforms expecting decent sales growth
Carbon fibre-reinforced ceramic disc brake materials manufacturer Surface Transforms provided detailed sales guidance for 2024 on Wednesday, in response to shareholder demand for a ‘worst case’ forecast.
Equals Group extends deadline as it courts two takeover offers
Financial services provider Equals Group updated the market on its strategic review process on Wednesday, including an extension of the ‘put up or shut up’ (PUSU) deadline.
Workspace Group reports resilient fourth quarter
Office space provider Workspace Group reported resilient customer demand in an update on Wednesday, having completed 343 new lettings in its fourth quarter and boasting a total annual rental value of £8. 7m.
Katoro Gold reports progress on multiple fronts
Katoro Gold said in an update on Wednesday that at the Haneti Project, it had conducted a series of technical meetings and reviews and was preparing to advance to the next stage of exploration.
Investment performance underpins quarterly growth for Brooks Macdonald
Brooks Macdonald updated the market on its funds under management on Wednesday, reported a closing figure of £17. 9bn at the end of March, marking a 2% increase from 31 December.
Hunting reports rise in earnings, flags some cash challenges
Oil services provider Hunting said in a trading update on Wednesday that it had surpassed expectations for first-quarter EBITDA, which rose to $28. 9m from $22. 4m a year earlier, although it was facing challenges in managing its cash position.