Market Pulse
Accsys reports Q1 revenue growth amid 'good demand'
Wood building materials supplier Accsys Technologies said on Wednesday that it had experienced "good demand and revenue growth" in the first quarter as it commenced commercial operations in the USA.
Apax Global Alpha to invest EUR 12m in Altus Fire
Apax Global Alpha announced plans to invest €12m in Altus Fire & Life Safety, a provider of fire and life safety services in the northeastern United States, on Wednesday.
Eurocell profits rise by a third despite fall in sales
Eurocell, a UK manufacturer and recycler of PVC window, door, and roofline products, reported a significant increase in profits for the first half on Wednesday, despite lower sales.
Revenue rises, net profit falls for Gulf Marine Services
Gulf Marine Services has reported a 9% increase in revenue for the first half on Wednesday, reaching $80. 7m, driven by higher demand for its S-Class vessels and improved fleet day rates.
UK business activity picks up at fastest pace since April
Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday.
Wizz Air announces first A321XLR long-range route
Wizz Air confirmed its first route using the new Airbus A321XLR long-range narrowbody aircraft on Wednesday, with direct flights between Milan Malpensa and Abu Dhabi.
Asia report: Markets fall on fresh US economic jitters
Asia-Pacific markets fell sharply on Wednesday, driven by Japan’s worst single-day drop since early August amid growing recession fears following a sell-off in US tech stocks overnight, as well as weak US economic data.
FRP Advisory acquires Newcastle-based corporate finance business
Business advisory firm FRP Advisory Group said on Wednesday that it has acquired Newcastle-based corporate finance services outfit Williams Ali Corporate Finance for an undisclosed sum.
Pinewood Technologies invests $4.2m in automotive AI firm Seez
Pinewood Technologies announced a strategic investment and commercial partnership with Seez App Holding, a leading global automotive artificial intelligence (AI) company, on Wednesday.
Chapel Down slumps as CEO departs, profits slide
Chapel Down tumbled on Wednesday as it announced the departure of its chief executive and reported a drop in first-half profits and revenue.
CLS inks expanded leasing deal at Hamburg property
CLS Holdings announced a significant leasing agreement at its Fangdieckstrasse 75 property in Hamburg on Wednesday, securing over 8,900 square metres of office and laboratory space.
CAB Payments H1 profits slump as FX headwinds persist
Financial technology group CAB Payments said on Wednesday that interim profits had slumped as FX headwinds continued to weigh on earnings.
Henry Boot subsidiary receives planning permission for 290 homes
Property development business Henry Boot said on Wednesday that its land promotion and planning business, Hallam Land, has secured planning permission on appeal for 290 homes in Sittingbourne, Kent.
M&G reports H1 net outflows of £1.5bn
Investment manager M&G reported net outflows of £1. 5bn for the six months ended 30 June, excluding its Heritage division, a marked difference compared to net inflows of £700. 0m at the same time a year earlier.
Indivior CUD study fails to meet primary and secondary endpoints
Drugmaker Indivior said on Wednesday that the primary and secondary endpoints of Aelis Farma's clinical Phase 2B study of AEF0117 use in participants with cannabis use disorder had not been met.
London open: Stocks slide after heavy Wall St losses
London stocks slid in early trade on Wednesday, taking their cue from a heavy selloff on Wall Street on the back of poor manufacturing data, with sharp falls for Nvidia also weighing on sentiment.
Hilton Food reports first-half profit growth, statutory revenue slides
Hilton Food Group reported strong first-half profit growth and increased volumes on Wednesday, although revenue slid more than 8% on a statutory basis.
Alpha Group confident after first half growth
Alpha Group International reported a strong first-half financial performance on Wednesday, with revenue growth across its divisions and a solid profit increase, despite challenging market conditions.
London pre-open: Stocks seen lower after US selloff
London stocks were set to fall at the open on Wednesday following a heavy selloff on Wall Street on the back of poor manufacturing data.
Wednesday newspaper round-up: Councils, Apple, offshore wind farms
Spending on the UK live music sector and associated businesses has hit a record £6. 1bn as a wave of huge acts from Elton John to Beyoncé cashed in on the pent-up demand to attend shows in person. Live, the federation representing Britain’s live music industry, revealed that the sector’s contribution to the UK economy topped £6bn for the first time last year, as fans denied live experiences in the Covid pandemic rushed to snap up tickets. – Guardian.