Market Pulse
US close: Dow Jones extends winning streak
Wall Street stocks turned in a mixed performance on Wednesday as corporate earnings continued to dominate markets.
Director dealings: Keywords Studios director makes share purchase
Keywords Studios revealed on Wednesday that non-executive director Don Robert had acquired 4,700 ordinary shares in the AIM-listed video game industry services company.
London close: Stocks rise further ahead of BoE decision
London’s stock markets closed with gains on Wednesday, bolstered by a dip in the value of the pound against both the dollar and the euro.
Broker tips: Frontier Developments, Centrica
Analysts at Berenberg hiked their target price on video game business Frontier Developments from 170. 0p to 300. 0p on Wednesday, stating the group's strategy was "showing signs of promise".
FTSE 100 movers: IAG flies higher; miners under the cosh
London’s FTSE 100 was up 0. 5% at 8,358. 04 in afternoon trade on Wednesday.
US open: Stocks mixed as earnings take centre stage
Wall Street stocks were in the red early on Wednesday as corporate earnings continued to dominate markets.
UK's CMA to investigate GXO's acquisition of Wincanton
The UK’s Competition and Markets Authority said on Wednesday that it was launching an investigation into GXO Logistics’ £762m acquisition of Wincanton, which completed at the end of last month.
Wood Group surges after rejecting £1.4bn takeover proposal from Sidara
Wood Group surged on Wednesday after saying it had rejected a 205p a share takeover proposal from Dubai-based engineering and consulting company Sidara, valuing it at more than £1. 4bn.
BNP Paribas searching for buyer for Strutt and Parker - report
BNP Paribas is reportedly looking for a buyer for Strutt and Parker, having bought the upmarket UK estate agent seven years ago.
AFC Energy chooses Illuming Power as manufacturing partner
Hydrogen power generation technology specialist AFC Energy announced the selection of North American manufacturer Illuming Power as its primary producer of fuel cell plates and stacks for its ‘S Series’ air-cooled platform.
Berenberg raises target price on Frontier Developments
Analysts at Berenberg hiked their target price on video game business Frontier Developments from 170. 0p to 300. 0p on Wednesday, stating the group's strategy was "showing signs of promise".
PetroTal to acquire 100% interest in Peru's Block 131
PetroTal announced the signing of a definitive agreement to acquire a 100% working interest in Block 131 in Peru on Wednesday, including the producing Los Angeles field, through the acquisition of CEPSA Peruana.
Acuity RM enters partnership with BSI Group
Software company Acuity RM announced a significant partnership between its subsidiary Acuity Risk Management (ARML) and BSI Group on Wednesday.
US pre-open: Futures trade lower as Q1 earnings season continues
Wall Street futures were in the red ahead of the bell on Wednesday after the Dow Jones registered its fifth-straight winning session.
Butterfield out, Sedgwick in as Alliance Pharma CEO
Alliance Pharma announced a significant leadership transition on Wednesday, with chief executive Peter Butterfield stepping down from his role to pursue other business interests.
Toyota projects fall in profits after bumper fourth quarter
Toyota Motor projected a 20% decrease in profit for the current financial year on Wednesday, as it planned large investments in both suppliers and strategic initiatives after a strong fourth-quarter performance.
Andrews Sykes profit rises, revenue falls
Shares in Andrews Sykes Group were in the green on Wednesday, after it reported a mixed set of results for the 2023 financial year.
London midday: Stocks maintain gains amid weaker pound; BoE eyed
London stocks were still in the black by midday on Wednesday, with a weaker pound providing a boost ahead of the Bank of England’s latest policy announcement this week.
Ocean Wilsons reports strong first quarter
Ocean Wilsons issued a strong first-quarter update on Wednesday, reporting that as of 31 March its investment in Wilson Sons stood at $890. 2m, translating to $25. 17, or £19. 94, per share.
Eric Sanderson appointed as chair of Digital 9
Digital 9 Infrastructure announced the appointment of Eric Sanderson as its independent non-executive chair on Wednesday, to oversee the company’s wind-down.