Market Pulse
China launches probe into EU dairy subsidies
China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels.
Galileo starts fresh drilling programme at Shinganda
Galileo Resources announced the start of phase three reverse circulation (RC) drilling on its Shinganda Licence in central western Zambia on Wednesday.
Mattioli Woods acquistion gets NS&I Act approval
Mattioli Woods announced on Wednesday that its acquisition by Tiger Bidco, a subsidiary of investment vehicles advised by Pollen Street Capital, had passed a significant regulatory milestone.
Angling Direct H1 revenues grow on strong UK performance
Fishing tackle and equipment retailer Angling Direct said on Wednesday that revenues had grown in the six months ended 31 July, leaving it confident of its ability to meet full-year consensus expectations.
Jefferies upgrades Victrex to ‘hold’ on valuation
Jefferies upgraded Victrex on Wednesday to ‘hold’ from ‘underperform’ "purely" on valuation grounds.
Base Resources merger clears Australian regulatory hurdle
Base Resources announced a significant development in its proposed merger with Energy Fuels on Wednesday.
Asia report: Most markets fall as Japan's trade deficit widens
Asia-Pacific markets were mostly lower on Wednesday, following a pullback in US markets overnight, where the S&P 500 and Nasdaq Composite ended their eight-day winning streak.
Eco Buildings raises £450k via subscription
Modular housing company Eco Buildings Group said on Wednesday that it had raised up £450,000 from new and existing shareholders via a subscription of 4. 50m new ordinary shares.
Nexxen International strikes ACR data deal with The Trade Desk
Advertising technology platform Nexxen International said on Wednesday that its recognition data was now available on The Trade Desk.
RBC Capital lifts price target on Admiral, reiterates ‘outperform’
RBC Capital Markets lifted its price target on Admiral on Wednesday to 3,550p from 3,400p and reiterated its ‘outperform’ rating.
Value of Molten Ventures' holding in Revolut rises significantly
Molten Ventures, a prominent venture capital firm known for investing in high-growth digital technology companies, announced a substantial increase in the valuation of its holding in fintech company Revolut on Wednesday.
London open: Stocks nudge up after borrowing figures; Fed minutes eyed
London stocks nudged higher in early trade on Wednesday as investors mulled UK borrowing figures and looked ahead to the release of the latest Federal Reserve minutes.
URU upbeat as Zeb Nickel secures environmental authorisation
URU Metals announced on Wednesday that its associate company Zeb Nickel has secured an integrated environmental authorisation from the South African Department of Minerals and Petroleum Resources (DMPR) for the Zeb Nickel Project in Limpopo Province.
UK borrowing higher than expected in July
Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics.
London pre-open: Stocks seen up as investors mull borrowing data
London stocks were set to gain at the open on Wednesday as investors mulled the latest borrowing figures.
Wednesday newspaper round-up: Waitrose, McDonald's, Crown Agents
Waitrose is planning to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The upmarket grocery chain is planning to unveil a revamped outlet in Finchley Road, north London, on Wednesday. This will kick off a new phase of expansion with its first new store in six years in Hampton Hill, west London, by the end of this year. – Guardian.