Market Pulse
Broker tips: Rio Tinto, Legal & General
Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 5,800. 0p to 5,700. 0p on Wednesday following Q2 production results from the company.
Johnson & Johnson shares rise on earnings beat despite mixed outlook
Johnson & Johnson's stock was in the green on Wednesday, after the pharmaceutical giant reported second-quarter earnings and sales that surpassed analysts' expectations, largely driven by its innovative medicines segment.
London close: Stocks mixed as UK inflation holds steady
London stocks ended mixed on Wednesday as the latest inflation data came in slightly higher than anticipated, casting doubt on a potential interest rate cut in August.
Director dealings: Trufin CEO makes share purchase
Trufin revealed on Wednesday that chief executive officer James van den Bergh had acquired 50,890 ordinary shares in the AIM-listed financial services firm.
Rio Tinto lowers target price on Rio Tinto following Q2 production results
Analysts at Berenberg lowered their target price on mining giant Rio Tinto from 5,800. 0p to 5,700. 0p on Wednesday following Q2 production results from the company.
FTSE 100 movers: SVT, United Utilities recover some ground; L&G hit by downgrade
London’s FTSE 100 was up 0. 4% at 8,197. 09 in afternoon trade on Wednesday.
US open: Stocks mixed following Dow's big session
Wall Street stocks mixed early on Wednesday following big gains for the blue-chip Dow Jones in the previous session.
GitLab said to be exploring sale, shares surge
GitLab surged on Wednesday following a report it is exploring a sale after attracting acquisition interest.
Vela strikes 'opportunistic' deal with Hamak Gold
Vela Technologies, an investing company focussed on early-stage and pre-IPO disruptive technology investments, announced on Wednesday that it has entered into an unsecured convertible loan note instrument with Hamak Gold, a Liberia-based gold exploration and development company listed in London.
Mineral and Financial reports regulatory progress at Lagoa Salgada
Mineral and Financial Investments updated the market on the Lagoa Salgada polymetallic project in Portugal on Wednesday, reporting that Redcorp Empreendimentos Mineros, in which it holds a conditional 20% carried interest, had successfully filed the final stage submission of the environmental impact assessment (EIA) for the project.
Oriole Resources reports progress at Bibemi
Central Africa-focussed gold explorer Oriole Resources updated the market on its 82. 2%-owned Bibemi orogenic gold project in Cameroon on Wednesday.
Serabi maintains guidance after solid second quarter
Serabi Gold released its second quarter production results and operating highlights for the second quarter of the year on Wednesday, reporting significant improvements in gold production and financial stability.
Panthera kicks off drilling at Bido Project
West Africa and India-focussed gold explorer and developer Panthera Resources announced the start of a drilling programme at its Bido Project in Burkina Faso on Wednesday.
Angus completes annual shutdown at Saltfleetby
Angus Energy announced on Wednesday that it has successfully completed its planned annual maintenance shutdown at the Saltfleetby site, finishing on 13 July.
Klarna lining up financial advisers for US IPO - report
Swedish payments fintech Klarna is reportedly lining up financial advisers for a long-awaited initial public offering in the US that will be among the most anticipated listings in recent years.
Harland & Wolff brands articles regarding EDG application 'speculative and misleading'
Shipbuilding firm Harland & Wolff said on Wednesday that it considers recent articles regarding its £200. 0m Export Development Guarantee application both "speculative and misleading".
US pre-open: Futures lower following Dow's big session
Wall Street futures were in the red ahead of the bell on Wednesday following big gains for the blue-chip Dow Jones in the previous session.
London midday: Stocks steady as investors mull inflation reading
London stocks were flat by midday on Wednesday as UK inflation fell a touch less than expected and services inflation remained sticky, dampening hopes of a rate cut in August.
Brooks Macdonald ends fourth quarter in line with guidance
Brooks Macdonald Group reported a 7% increase in funds under management over its financial year in an update on Wednesday, reaching £18bn, with full-year results expected to align with market expectations.
Cohort FY profits, revenues grow to record levels
Defence contractor Cohort said on Wednesday that both profits and revenues had grown to record levels in the year ended 30 April.