Market Pulse
Broker tips: Diageo, LondonMetric, Spectris
Diageo's stock was attempting a rebound on Wednesday after a sell-off the previous session as its full-year results disappointed, but that didn't stop Citi from reiterating its 'buy' recommendation on the stock.
London close: Stocks finish higher as miners pace gains
London's stock markets ended the day with strong gains on Wednesday, driven by robust performances in the mining and energy sectors.
FTSE 100 movers: Miners rally on higher copper prices; GSK in the red
London’s FTSE 100 was up 1% at 8,355. 83 in afternoon trade on Wednesday.
Director dealings: Hercules Site Services CFO snaps up shares
Hercules Site Services revealed on Wednesday that chief financial officer Paul Wheatcroft had acquired 24,000 ordinary shares in the AIM-listed tech-enabled labour supplier to the UK infrastructure sector.
US pending home sales rise for first time in three months
US pending home sales rose in June for the first time in the last three months, according to the National Association of Realtors, driven by an improvement in supply and a slight moderation in mortgage rates.
US open: Major indices trade higher ahead of Fed interest rate decision
Major indices were in the green early on Wednesday as investors awaited the outcome of the Federal Reserve Bank's latest interest rate policy meeting.
Chicago PMI falls from seven-month high in July
The Chicago purchasing managers index fell to 45. 3 in July, according to the Institute for Supply Management.
Boeing posts wider-than-expected loss, names new CEO
Boeing reported a wider-than-expected loss for its second quarter on Wednesday, as ongoing challenges in both its commercial and defence divisions led to weaker-than-anticipated financial results.
US private sector employment rises less than expected
Private sector employment in the US rose less than expected in July, according to figures released on Wednesday by ADP.
US mortgage applications register steepest decline in nearly two months
US mortgage applications fell 3. 9% in the fourth week of July, according to the Mortgage Bankers Association, extending the prior week's 2. 2% drop to record the steepest weekly decline in almost two months.
US pre-open: Futures higher ahead of Fed decision
Wall Street futures were in the green ahead of the bell on Wednesday as investors await the outcome of the Federal Reserve Bank's latest interest rate policy meeting.
Citi upgrades LondonMetric to 'buy'
Citi upgraded LondonMetric on Wednesday to ‘buy’ from ‘neutral’ as it said cyclical growth and structural expertise was undervalued.
Oncology revenue drives first-half growth for Hutchmed
Hutchmed China reported a robust set of first-half financial results on Wednesday, underpinned by significant growth in oncology product revenue and a solid cash position to support ongoing expansion.
Greatland Gold reports recent progress at Havieron
Greatland Gold reported significant progress in the development of its Havieron project during the June quarter on Wednesday, alongside outlining an extensive exploration program for the 2025 financial year.
IQE planning to float minority stake in Taiwan subsidiary
Compound semiconductor wafer and advanced material specialist IQE announced its intention to pursue an initial public offering (IPO) for its Taiwanese operating subsidiary IQE Taiwan on the Taiwan Stock Exchange (TWSE) on Wednesday.
James Halstead flags record full-year record profits
Commercial flooring manufacturer and distributor James Halstead said in an update on Wednesday that it expected to report record profit before tax for the year ended 30 June, in line with upwardly-revised market expectations.
James Halstead flags record full-year record profits
Commercial flooring manufacturer and distributor James Halstead said in an update on Wednesday that it expected to report record profit before tax for the year ended 30 June, in line with upwardly-revised market expectations.
German unemployment rises more than expected in July
German unemployment rose more than expected in July, according to the Bundesagentur für Arbeit, as Germany's economy continues to struggle to recover from heightened energy costs, weak global orders and all-time high interest rates.
London midday: Stocks maintain gains ahead of Fed
London stocks were still firmly in the black by midday on Wednesday, underpinned by strength in the mining and energy sectors, as investors eyed the latest policy announcement from the US Federal Reserve.
Picton Property reports stable net asset value
Picton Property Income reported a stable net asset value of £524. 1m for the quarter ended 30 June on Wednesday, a slight decrease from £524. 5m in the prior three months.