Market Pulse
US close: Stocks sharply lower following Q2's first big-name tech earnings
Wall Street stocks closed sharply lower on Wednesday after investors got their first taste of Q2 big tech earnings overnight and thumbed over a number of data points.
Broker tips: Volution, Nexteq
Over at Berenberg, analysts hiked their target price on ventilation equipment business Volution to 600. 0p from 500. 0p on Wednesday following the group's full-year trading update.
London close: Stocks pare some losses as UK private sector expands
London's stock markets ended Wednesday in negative territory, with a late recovery fueled by better-than-expected data from the UK's private sector failing to lift equities above the waterline.
Director dealings: Jubilee Metals CEO raises stake
Jubilee Metals revealed on Wednesday that chief executive officer Leon Coetzer had acquired 625,000 ordinary shares in the Africa-focussed metals processor.
US open: Stocks lower following tech earnings, data
Wall Street stocks were firmly in the red early on Wednesday after investors got their first taste of Q2 big tech earnings overnight and thumbed over a number of data points.
Tortilla Mexican Grill warns on FY profits
Shares in fast-food restaurant chain Tortilla Mexican Grill slumped on Wednesday after the group warned that steps taken to boost profitability were taking longer than expected to bear fruit.
Nichols lifts expectations after bumper first half
Soft drinks maker Nichols reported continued strong trading in its interim results on Wednesday, underpinned by the delivery of its strategic priorities, as it lifted its adjusted profit expectations for the full year.
FRP Advisory full-year revenue, earnings rise
FRP Advisory Group reported significant growth and resilience in its full-year results on Wednesday, maintaining its strategic focus on organic growth supplemented by selective acquisitions.
US pre-open: Futures lower following first batch of Q2 tech earnings
Wall Street futures were pointing to losses ahead of the bell on Wednesday after investors got their first taste of Q2 big tech earnings overnight.
Expanded Breedon Group posts strong first half
Construction materials group Breedon reported a robust first-half performance on Wednesday despite challenging market conditions, driven by strategic progress and operational efficiency.
Learnings Technologies H1 revenues down, EBITDA up
Digital learning specialist Learning Technologies warned on Wednesday that its core market remained "subdued" during H1 but said margin improvements helped boost earnings throughout the period.
Asia report: Markets follow Wall Street into the red
Asia-Pacific markets faced declines on Wednesday as investors evaluated business activity data from Japan and Australia.
Aston Martin flags big second-half recovery in interim results
Shares in Aston Martin Lagonda were in the green on Wednesday morning, after it reiterated its 2024 guidance in its half-year results, including positive free cash flow in the second half.
Alfa Financial Software confident after decent first-half
Alfa Financial Software said in an update on Wednesday that during the second quarter, it continued a strong operational performance, with six customer deliveries building on the seven deliveries from the first quarter.
Greencoat UK Wind pleased with 'resilient' first half
Wind farm-focussed infrastructure fund Greencoat UK Wind said in its half-year results on Wednesday that its investments generated 2,654 GWh of renewable electricity in the first half of the year.
Primary Health Properties adjusted earnings rise, asset value narrows
Primary Health Properties reported a 2. 9% increase in adjusted earnings per share in its interim results on Wednesday, now at 3. 5p, compared to 3. 4p for the same period in 2023.
Berenberg raises target price on Volution
Over at Berenberg, analysts hiked their target price on ventilation equipment business Volution to 600. 0p from 500. 0p on Wednesday following the group's full-year trading update.
LBG Media H1 earnings more than double YOY
Digital entertainment business LBG Media said on Wednesday that both earnings and revenues had surged in the six months ended 30 June, leaving it confident of its ability to meet full-year expectations.
Canaccord Genuity lowers target price on Nexteq
Analysts at Canaccord Genuity lowered their target price on B2B technology group Nexteq from 300. 0p to 200. 0p on Wednesday despite "strong margins and cash", noting that destocking persisted.
Corero Network Security expects positive H1 EBITDA performance
Software specialist Corero Network Security expects to report a positive EBITDA performance for H1 following "strong trading" throughout the period.