Market Pulse
Broker tips: Rotork, Trustpilot
JPMorgan Cazenove upgraded Rotork on Wednesday to 'overweight' from 'neutral' and lifted its price target on the stock to 370. 0p from 365. 0p.
Manchester United full-year losses widen
Manchester United reported a net loss of £113. 2m for the year ended 30 June on Wednesday, although the football club maintained that it was in compliance with both the Premier League's Profitability and Sustainability Rules (PSR) and UEFA’s Financial Fair Play regulations.
London close: Stocks slip as US CPI slows, UK GDP stagnates
London’s stock markets closed weaker on Wednesday, reflecting caution among investors following weaker-than-expected inflation data from the US and economic stagnation in the UK.
Director dealings: Jet2 founder lowers stake
Jet2 revealed on Wednesday that Philip Meeson had disposed of 5. 0m ordinary shares in the London-listed leisure travel business.
JPMorgan upgrades Rotork to 'overweight'
JPMorgan Cazenove upgraded Rotork on Wednesday to ‘overweight’ from ‘neutral’ and lifted the price target to 370p from 365p.
FTSE 250 movers: FirstGroup in the red; Trustpilot surges
London’s FTSE 250 was down 0. 6% at 20,540. 71 in afternoon trade on Wednesday.
US open: Stocks sharply lower following August CPI report
Wall Street stocks were firmly in the early on Wednesday as market participants digested last month's consumer inflation report.
Harland & Wolff CFO Raman resigns
Beleaguered shipbuilder Harland & Wolff said on Wednesday that its chief financial officer, Arun Raman, has resigned with immediate effect.
Epwin reports resilient first-half trading
Epwin Group reported resilient trading for the first half on Wednesday, despite a challenging market environment.
Celadon inks partnership with Denmark's Valeos
Celadon Pharmaceuticals announced a strategic collaboration with Danish pharmaceutical company Valeos Pharma on Wednesday, to accelerate the production and supply of high-THC medical cannabis across Europe.
FTSE 100 movers: Rentokil slumps on profit warning; AB Foods gains
London’s FTSE 100 was up 0. 1% at 8,213. 99 in afternoon trade on Wednesday.
Microlise signs three new contracts
Microlise Group announced the signing of new and expanded contracts with Goldstar Heathrow, One Stop, and Romac on Wednesday, totaling over £2m in value.
Gaming Realms confident after strong first half
Gaming Realms reported strong first-half financial growth on Wednesday, driven by a 28% increase in core content licensing revenue.
Greatland Gold raises £249m to help fund Havieron acquisition
Greatland Gold announced on Wednesday that it has raised £248. 6m through an oversubscribed placing of new shares, aimed at funding the acquisition of key gold-copper assets.
Berenberg slightly raises target price on Trustpilot
Analysts at Berenberg slightly raised their target price on reviews platform operator Trustpilot from 260. 0p to 270. 0p on Wednesday following the group's interim results earlier in the morning.
Pan African reports strong set of full-year results
Pan African Resources announced a strong set of financial and operational results for the year ended 30 June on Wednesday, highlighted by a 16. 8% increase in revenue to $373. 8m.
Synergia updates Cambay Field work programme
Synergia Energy updated the market on the planned work programme for the Cambay Field production sharing contract (PSC) in Gujarat, India on Wednesday.
Brickability reports resilient trading despite challenging market
Construction materials distributor Brickability Group reported resilient trading in the financial year to date on Wednesday, despite challenging market conditions.
Power Metal signs heads of terms for stake in Oman copper block
Power Metal Resources announced the signing of a non-binding heads of terms agreement with Alara Resources and Awtad Copper on Wednesday, to acquire a 12. 5% stake in the Block 8 copper concession in Oman.
Sweden’s EQT said to be in race for Grant Thornton UK
Swedish buyout firm EQT has reportedly joined a queue of buyout firms exploring the purchase of a big stake in the UK operations of accountancy firm Grant Thornton.