Market Pulse
Broker tips: Frontier Developments, Spirent Communications
Analysts at Berenberg upgraded video games business Frontier Developments from 'hold' to 'buy' on Wednesday and hiked their target price on the stock from 300. 0p to 330. 0p, stating the group's pipeline had now de-risked the equity story.
CVS Health lowers guidance after mixed second quarter
CVS Health Corporation revealed a mixed second-quarter performance on Wednesday, as well as a downward revision to its full-year earnings guidance due to continued pressure in its health care benefits segment.
London close: Stocks finish higher amid global recovery
London's stock markets closed higher on Wednesday, buoyed by positive global sentiment following remarks from the Bank of Japan.
Disney's theme parks drag on third quarter results
Walt Disney reported a mixed third-quarter performance on Wednesday, driven by significant growth in its streaming business, offset by challenges in its theme park operations.
Director dealings: Keywords Studios chairman ups stake
Keywords Studios said on Wednesday that chairman Don Robert had acquired 2,300 ordinary shares in the London-listed video games business.
British Land to vote against Cineworld restructuring - report
British Land is reportedly considering voting against a restructuring of Cineworld's British operations that could lead to the closure of dozens of sites.
Canaccord Genuity moves Spirent Communications to 'speculative buy'
Over at Canaccord Genuity, analysts upgraded telecommunications testing company Spirent Communications from 'hold' to 'speculative buy' on Wednesday following the group's H1 trading update a day earlier.
FTSE 100 movers: Entain rallies ahead of interims; WPP slumps
London’s FTSE 100 was up 1. 7% at 8,166. 34 in afternoon trade on Wednesday.
US mortgage applications surge 6.9%
US mortgage applications surged by 6. 9% in the week ended 2 August, according to the Mortgage Bankers Association, the sharpest increase in almost two months, erasing the prior two week's declines.
US open: Major indices on track to claw back more losses
Major indices were in the green yet again early on Wednesday as stocks looked set to reclaim some more of their recent losses.
Bansk Group to buy PetIQ in $1.5bn deal
PetIQ said on Wednesday that it has agreed to be bought by New York-based private investment firm Bansk Group in a $1. 5bn deal.
Braveheart increases investment in Image Scan
Braveheart Investment Group announced on Wednesday that it has expanded its investment in Image Scan Holdings, a company within its portfolio that specialises in security imaging solutions.
Evotec tumbles after profit warning
Evotec tumbled on Wednesday after the German biotech firm warned on profits.
US pre-open: Major indices look set to claw back more losses
Wall Street futures were in the green yet again ahead of the bell on Wednesday as stocks looked set to reclaim some more of their recent losses.
London midday: Stocks extend gains as BoJ calms investors
London stocks had extended gains by midday on Wednesday as comments from Bank of Japan governor Shinichi Uchida calmed investors.
MaxCyte reports solid second-quarter performance
Cell engineering company MaxCyte reported a robust financial performance for its second quarter on Wednesday, with total revenue reaching $10. 4m, a 15% increase compared to the same period in 2023.
Greencoat Renewables acquires 50pc stake in South Meath Solar Farm
Greencoat Renewables announced on Wednesday that it has completed the acquisition of a 50% stake in the 80. 5MWp South Meath Solar Farm, in County Meath, Ireland.
Berenberg upgrades Frontier Developments to 'buy'
Analysts at Berenberg upgraded video games business Frontier Developments from 'hold' to 'buy' on Wednesday and hiked their target price on the stock from 300. 0p to 330. 0p, stating the group's pipeline had now de-risked the equity story.
Expanded Property Franchise Group sees revenues surge
Multi-brand property franchisor the Property Franchise Group announced a surge in revenue for the first half on Wednesday , following its merger with Belvoir Group and the acquisition of GPEA.
Apax announces investment in HR software firm GreytHR
Apax Global Alpha (AGA), a closed-ended investment company that offers access to Apax Private Equity Funds, announced an upcoming strategic investment in greytHR, a human resource management software (HRMS) platform based in India.