Market Pulse
US close: Stocks higher following July CPI reading
Wall Street stocks closed higher on Wednesday as market participants digested key inflation data.
Broker tips: Synthomer, Beeks Financial Cloud
Analysts at Berenberg lowered their target price on chemicals company Synthomer from 375. 0p to 340. 0p on Wednesday after the group's interim earnings "delivered both grounds for hope and reasons for caution".
London close: Stocks rise as investors digest inflation data
London stocks ended Wednesday's session in positive territory, as investors reviewed the latest inflation figures from the UK and the US.
Canaccord Genuity stays at 'buy' on Beeks Financial Cloud
Canaccord Genuity stood by its 'buy' rating and 260. 0p target price on software and services firm Beeks Financial Cloud on Wednesday following a fresh update from the group.
Director dealings: Oxford Instruments CFO makes share sale
Oxford Instruments revealed on Wednesday that chief financial officer Gavin Hill had disposed of 28,071 ordinary shares in the London-listed manufacturing and research company.
FTSE 100 movers: Flutter surges on guidance upgrade; housebuilders gain
London’s FTSE 100 was up 0. 4% at 8,265. 20 in afternoon trade on Wednesday.
US open: Stocks mixed following July CPI reading
Wall Street stocks were mixed at the open on Wednesday as market participants digested key inflation data.
Beeks gets regulatory approval for Exchange Cloud contract
Beeks Financial Cloud, a provider of cloud computing and connectivity solutions for financial markets, announced on Wednesday that it has received regulatory approval for its Exchange Cloud contract with one of the largest exchange groups globally.
TomCo subsidiary agrees to sell TSHII membership interest
US-focussed oil development group TomCo Energy announced a proposed agreement for its wholly-owned subsidiary Greenfield Energy to sell its 10% membership interest in Tar Sands Holdings II for $1. 575m.
US pre-open: Futures little changed ahead of CPI reading
Wall Street futures were little changed ahead of the bell on Wednesday as market participants awaited key inflation data.
Victoria's Secret shares jump on new CEO, strong second quarter
Shares in lingerie and fashion giant Victoria’s Secret were rising early on Wednesday, after it announced the appointment of a new CEO, and reported preliminary quarterly results ahead of its previous forecasts.
Mars to buy Pringles maker Kellanova in $35.9bn deal
Mars confirmed on Wednesday that it has agreed to buy Pringles and Cheez-It maker Kellanova in a $35. 9bn deal.
US mortgage applications surge 16.8pc
Mortgage applications surged 16. 8% in the week ended 9 August, according to the Mortgage Bankers Association, the sharpest week-on-week increase since January 2023.
Ixico raises expectations on new contract wins
Medical imaging advanced analytics technology company Ixico said in a trading update on Wednesday that it expected its financial performance to surpass market expectations, driven by new contract wins totaling £5. 8m since 31 March.
London midday: Stocks maintain gains after UK inflation; Playtech surges
London stocks were still firmer by midday on Wednesday as the latest UK inflation data boosted rate cut expectations.
Playtech in talks to sell Italian unit Snaitech to Flutter, shares surge
Playtech surged on Wednesday after confirming it is in talks with Flutter Entertainment about the possible sale of its Italian business, Snaitech.
Berenberg lowers target price on Synthomer
Analysts at Berenberg lowered their target price on chemicals company Synthomer from 375. 0p to 340. 0p on Wednesday after the group's interim earnings "delivered both grounds for hope and reasons for caution".
Silverbullet reports big advancements for 4D AI product
Digital transformation specialist Silverbullet announced significant advancements for its 4D AI contextual marketing product on Wednesday, through two major integration contracts.
Versarien enters community building printing contract
Advanced materials engineering company Versarien has entered into a contract with Building For Humanity CIC, it announced on Wednesday, to serve as a 'print partner' for the Charter Street project in Accrington, Lancashire.
Secure Trust Bank reports solid first-half growth
Secure Trust Bank reported a solid set of first-half financial results on Wednesday, with a 14% increase in profit before tax to £17. 1m, up from £15m in the same period last year.