Market Pulse
OECD raises UK growth forecast for 2024
The Organisation for Economic Cooperation and Development (OECD) revised its forecast for the UK economy on Wednesday, projecting faster growth than Japan, Italy, and Germany this year.
Impact Healthcare transfers operations of four ex-Silverline care homes
Impact Healthcare announced the transfer of operations for four care homes in Scotland to new tenant operator Fulcrum Care on Wednesday.
Goodwin reports continued profitability and cash generation
Goodwin reported continued profitability and robust cash generation in a trading update on Wednesday, driven mainly by increased activity in its mechanical engineering division.
Asia report: Markets finish mixed in wake of PBoC easing
Asian markets experienced a mixed day of trading on Wednesday, with Chinese stocks leading gains in the region following Beijing's latest stimulus measures.
Rentokil jumps as Trian partner takes seat on board
Rentokil Initial surged on Wednesday after it announced the appointment of a representative of Nelson Peltz’s Trian Fund Management to its board as a non-executive director.
Time Finance delivers strong Q1 results
Lender Time Finance delivered strong Q1 results on Wednesday, with both revenue and pre-tax profits up double-digit percentages.
Petards wins contract via Affini subsidiary
Advanced security and surveillance systems developer Petards has secured a £400,000 order for a critical communication system via its recently acquired Afifini Technology subsidiary.
Everyman Media delivers 'strong growth' in H1 revenue
Cinema operator Everyman Media Group said on Tuesday that it had delivered "strong growth" in revenue, underlying earnings and market share during the six months ended 27 June.
Tortilla Mexican Grill interim losses narrow despite H1 revenue drop
Casual fast-food restaurant operator Tortilla Mexican Grill said on Wednesday that revenues had fallen in H1, leading to yet another interim loss.
On the Beach hails record year of bookings
On the Beach hailed a record year of bookings on Wednesday, underpinned by a strong performance over the summer.
London open: Stocks fall; Rightmove rejects another takeover bid from REA
London stocks fell in early trade on Wednesday following two days of gains, with China in focus again after a rate cut.
Karelian completes follow-up excavation in Kumho region
Karelian Diamond Resources announced on Wednesday that it has completed a follow-up excavation programme in the Kuhmo region of Finland, targeting an area where previous exploration identified anomalous basal till samples and a green diamond discovery.
IG Group kicks off second tranche of share buyback
IG Group announced the start of the second tranche of its share buyback programme on Wednesday, with an allocation of up to £75m.
DFS Furniture swings to loss in ‘extremely challenging’ market
DFS Furniture said on Wednesday that it swung to a full-year loss in an "extremely challenging" market.
London pre-open: Stocks seen down after two days of gains
London stocks were set to fall at the open on Wednesday following two days of gains, with China in focus again after another rate cut.
Wednesday newspaper round-up: Visa, Caroline Ellison, Brookfield
Business leaders have warned that the government’s plans for a major global investment summit are in danger of falling flat, amid growing frustrations over high costs of involvement and its timing two weeks before the budget. As a central plank in Labour’s proposals to drive up investment in Britain, the party pledged in the general election campaign to host the summit within the first 100 days of winning power to show that the UK would be “open for business” under a new government.