Market Pulse
Citi upgrades Direct Line to ‘buy’
Citi upgraded Direct Line Insurance on Wednesday to ’buy’ from ‘neutral’ and lifted the price target to 223p from 208p.
Asia report: Markets mixed as Australian inflation tops forecasts
Asia-Pacific markets ended the day with mixed results as investors evaluated economic data and corporate performances across the region.
EnQuest expands role in GKA decomissioning
EnQuest announced an expanded role in the decommissioning of the Greater Kittiwake Area (GKA) fields in the North Sea on Wednesday.
Focusrite warns on EBITDA as shipping and freight costs weigh
Audio products group Focusrite warned on Wednesday that full-year underlying earnings looked set to slump as global shipping and freight costs weighed on its bottom line.
Seeing Machines full-year revenue rises, losses widen
Driver monitoring technology company Seeing Machines reported a robust performance for the 2024 financial year in an update on Wednesday, with significant growth in revenue, expansion of its automotive programs, and strategic partnerships.
Cyanconnode secures major new contract
Radiofrequency networks business Cyanconnode said on Wednesday that it had scored a major new contract from a global partner for 6. 5m Omnimesh modules to be used in various smart metering projects in India.
Citi downgrades Kingfisher to ‘neutral’
Citi downgraded Kingfisher to ‘neutral’ from ‘buy’ on Wednesday as it cited limited scope for near-term upgrades.
Firering reports progress at Limeco plant in Zambia
Firering Strategic Minerals updated the market on its ongoing refurbishment project at the Limeco quicklime plant in Zambia on Wednesday, reporting progress with the aim of starting phased production by the fourth quarter.
Naked Wines FY losses widen, makes 'significant strides'
Online wine retailer Naked Wines said it was "in much better shape" than it was twelve months ago despite posting widened full-year losses on Wednesday.
UK house prices rise 1.4pc in July
UK house prices bounced back in July following a drop in June, according to property website operator Zoopla, aided by a continued jump in demand and increased home stock.
GSK upbeat on Zantac litigation development, Japan approvals
GSK announced a number of developments on Wednesday, firstly welcoming a decision from the Delaware Supreme Court to review a lower court ruling that allowed the introduction of expert evidence in the ongoing litigation over ‘Zantac’, or ranitidine.
London open: Stocks nudge up ahead of Nvidia earnings
London stocks nudged higher in early trade on Wednesday following a positive close on Wall Street, as investors eyed results from US chip maker Nvidia.
Wood Group agrees sale of EthosEnergy, CEC Controls for $165m
Wood Group said on Wednesday that it has agreed the sale of two businesses for around $165m as part of its programme to dispose of non-core businesses.
London pre-open: Stocks seen up ahead of Nvidia earnings
London stocks were set to rise at the open on Wednesday following a positive close on Wall Street, as investors eyed results from Nvidia.
Wednesday newspaper round-up: Water companies, Hargreaves Lansdown, Klarna
Water companies will struggle to raise the billions of pounds needed to clear Britain’s waterways and fix its creaking infrastructure under the regulator’s plan to keep a lid on rising water bills, the industry will warn. The water sector’s trade association is expected to warn the industry regulator that its proposals to cap the steady rise in household bills by curbing water company spending may drive away the investors needed for a multibillion-pound overhaul of water infrastructure.