Market Pulse
Balanced CPT still seeking shareholder feedback amid strategic review
Balanced Commercial Property Trust updated the market on its ongoing strategic review process on Wednesday, which it launched on 15 April.
Charles Stanley offloads 1.5m IQGeo shares
IQGeo Group updated the market on the recommended cash acquisition by Geologist Bidco (Bidco), a company wholly-owned by funds advised by Kohlberg Kravis Roberts (KKR), on Wednesday.
Distil returns to revenue growth, operating loss widens
Premium spirits company Distil reported a return to revenue growth in its final results for the year ended 31 March on Wednesday, although its operating loss widened.
Asia report: Markets mixed as investors digest regional inflation data
Markets across the Asia-Pacific region showed mixed performances on Wednesday, reflecting investor responses to varying inflation data from around the continent.
Canaccord Genuity moves GB Group to 'buy'
Analysts at Canaccord Genuity raised their target price on software firm GB Group from 375. 0p to 455. 0p and moved the stock from ‘speculative buy’ to ‘buy’ on Wednesday following its full-year results a day earlier.
Berenberg nudges up target price on Renew Holdings
Analysts at Berenberg raised their target price on engineering services firm Renew Holdings from 1,250. 0p to 1,200. 0p on Wednesday following the group’s capital markets day last week.
Rentokil surges as Nelson Peltz's Trian said to have taken 'significant' stake
Rentokil surged to the top of the FTSE 100 on Wednesday following reports that activist investor Nelson Peltz’s Trian Fund Management has taken a "significant" stake in the pest control company.
Image Scan wins £350k contract with military customer
X-ray screening systems supplier Image Scan said on Wednesday that it has secured a contract worth more than £350,000, scheduled for delivery in the second half of FY24.
Checkit scores 'significant expansion' with existing customer, secures first AI contract win
Monitoring platform operator Checkit said on Wednesday that it has secured a “significant expansion” with an existing US customer and a first customer for its recently launched AI module.
Frontier Developments delivers 'strong' H2 performance
Video games publisher Frontier Developments said on Wednesday that it had delivered a "strong" second half performance following its strategy reset to refocus on creative management simulation games.
Belluscura makes 'significant progress', proposes placing
Medical device developer Belluscura said on Wednesday that it had made "significant progress" in recent months and proposed a fundraising of up to £2. 4m.
London open: Stocks jump as uninspiring GDP raises rate cut hopes
London stocks rose in early trade on Wednesday as uninspiring UK GDP data raised hopes of a rate cut this summer.
HSS Hire loses key customer Amey, shares slide
HSS Hire tanked on Wednesday as it announced the loss of a key customer.
Molten Ventures asset value rises in 'productive' year
Molten Ventures reported a gross portfolio value of £1. 379bn in its final results on Wednesday, a slight increase from £1. 371bn year-on-year, as net assets grew to £1. 251bn from £1. 194bn.
DFS cites weaker demand, Red Sea disruption as it warns on profits again
DFS warned on profits again on Wednesday as it pointed to weaker demand and Red Sea disruption.
UK economy stagnates in April
The UK economy stagnated in April, according to figures released by the Office for National Statistics on Wednesday, having just come out of a recession a month earlier.
London pre-open: Stocks seen up; UK economy stagnates in April
London stocks were set to rise at the open on Wednesday following heavy losses in the previous session, as investors mulled the latest UK GDP data.
Legal & General launches £200m buyback, Molten Ventures net assets rise
London open The FTSE 100 is expected to open 47 points higher on Wednesday, having closed down 0. 98% on Tuesday at 8,147. 81.
Wednesday newspaper round-up: Entain, Invesco, Deltic Energy
The owner of South West Water has warned that global heating will increase the risk of outbreaks of the parasite that caused diarrhoea and vomiting in south Devon. Pennon Group said that “gradual and significant increasing average and high temperatures” could pose “risks to water quality and water treatment” – including the cryptosporidium parasite – in its annual report, published this week. – Guardian.