Market Pulse
Wood Group rejects second takeover proposal from Sidara, shares tumble
Wood Group tumbled on Wednesday after saying it had rejected a second, improved £1. 5bn takeover proposal from Dubai-based engineering and consulting company Sidara.
Broker tips: DCC, Shell
RBC Capital Markets lifted its price target on DCC on Wednesday to 5,800. 0p from 5,700. 0p after the group published its full-year results a day earlier.
London close: Stocks green as US inflation comes in cooler
London markets ended on a positive note on Wednesday, with strong showings from the likes of Experian and Imperial Brands, as investors digested slower-than-expected consumer inflation figures out of the United States.
Thames Water investors set to quit boards - report
Representatives of Thames Water's multinational syndicate of shareholders are reportedly set to quit as directors of its corporate entities after refusing to inject the billions of pounds of funding required to bail it out.
US open: Stocks higher following CPI reading
Wall Street stocks were in the green early on Wednesday as market participants digested April's all-important consumer price index report.
FTSE 100 movers: Experian surges; Burberry falls on results
London’s FTSE 100 was up 0. 1% at 8,439. 32 in afternoon trade on Wednesday.
US CPI increases 0.3% in April
Consumer goods and services prices increased 0. 3% in April, according to the Bureau of Labor Statistics, principally due to higher oil prices and housing costs.
Top Mission Group shareholder says Brave Bison bid ‘highly unattractive’
A top Mission Group shareholder said on Wednesday that Brave Bison’s 29p-a-share takeover offer for the digital marketing agency was "highly unattractive".
Clontarf shares pop on progress in Bolivia
Clontarf Energy shares were surging on Wednesday, as it reported significant progress in in Bolivia's lithium sector.
Berenberg raises target price on Shell
Analysts at Berenberg raised their target price on energy giant Shell from 2,950. 0p to 3,400. 0p on Wednesday, stating the group was "still on the right track".
London midday: FTSE stays up ahead of US inflation
London stocks were off earlier highs but still in the black by midday on Wednesday, helped along by the likes of Experian and Imperial Brands, as investors eyed the latest US inflation reading.
Empire Metals reports latest findings from Pitfield drilling
Empire Metals unveiled the analytical lab results from the final 22 reverse circulation (RC) drill holes at the Pitfield Project in Western Australia on Wednesday.
US mortgage applications rise 0.5%
US mortgage applications rose 0. 5% in the week ended 10 May, according to the Mortgage Bankers Association of America, following on from a 2. 6% jump in the previous week.
US pre-open: Futures little changed ahead of CPI reading
Wall Street futures were little changed ahead of the bell on Wednesday as market participants held their breath for last month's all-important consumer price index report.
Abingdon Health launching saliva pregnancy test with Boots
Lateral flow contract development and manufacturing organisation Abingdon Health announced the launch of Boots' own-brand saliva pregnancy self-test across the UK and online on Wednesday, in collaboration with Salignostics and Crest Medical.
Griffin Mining revenue, profits jump in 2023
Griffin Mining reported a substantial increase in revenue in its final results for 2023 on Wednesday, to $146. 02m, compared to $94. 4m in 2022.
Itim Group wins five-year contract renewal with Majestic Wine
Retail software-as-a-service provider Itim Group announced the renewal of a five-year multi-million-pound contract with Majestic Wine on Wednesday, for its ‘Unify’ platform.
Equals Group extends offer deadline as review continues
Equals Group updated the market on its ongoing strategic review on Wednesday, confirming an extension of the put-up or shut-up deadline.
Savills trading ahead of last year despite subdued market
Savills said in an update on Wednesday that its performance for the year-to-date aligned with expectations, surpassing the corresponding period last year.
Alba reports better-than-expected waste tip gold findings
Alba Mineral Resources announced the successful extraction of high-grade gold from samples obtained during the trenching programme at the historic waste tip within its wholly-owned Clogau-St David's Gold Mine in North Wales on Wednesday.