Market Pulse
Griffin Mining reinstates share buyback programme
Griffin Mining announced the reinstatement of its share buy-back programme on Wednesday, allowing for the repurchase of up to 10 million outstanding shares or a maximum of $10m worth of shares.
German economy unexpectedly expands in Q3
The German economy unexpectedly expanded in the third quarter, avoiding a technical recession, according to figures released by Destatis on Wednesday.
Asia report: Most markets fall, Australian inflation slows
Asia-Pacific markets largely declined on Wednesday as investors evaluated Australia’s latest inflation data, showing consumer prices at their lowest levels since early 2021.
Jefferies initiates coverage on European airline stocks
Jefferies initiated coverage on a raft of European airline stocks on Wednesday as it argued that the market is overstating the risks.
Citi downgrades Bridgepoint to 'neutral'
Citi downgraded its stance on alternative asset fund management group Bridgepoint on Wednesday to ‘neutral’ as it said there are limited near-term catalysts and the shares are up 80% over the past year.
'No nuclear risk' from fire at BAE Systems shipyard
Shares in BAE Systems were in the red on Wednesday morning, as emergency services dealt with a fire at its Barrow-in-Furness nuclear submarine shipyard, briefly hospitalising two people and leading to the evacuation of the facility's main building, Devonshire Dock Hall.
Molten Ventures portfolio stable as new CEO takes reins
Molten Ventures announced a stable portfolio performance for its first half on Wednesday, tempered by currency headwinds and shifting leadership.
Team17 taps industry veteran Varachia as its new CFO
Video game developer and publisher Team17 announced the appointment of Rashid Varachia as its new chief financial and chief operating officer on Wednesday.
Hochschild Mining buys Cerrado's Monte Do Carmo Project in Brazil
Hochschild Mining said on Wednesday that its subsidiary, Amarillo Mineração, had exercised the right buy the Monte Do Carmo Project in Brazil from Cerrado Gold for $60m.
Glencore holds full-year production guidance
Glencore reported a mixed production performance for the first three quarters of the year on Wednesday, with copper, cobalt, zinc, and nickel output generally lower year-on-year, while steelmaking coal saw a significant increase.
London open: Stocks fall ahead of Budget; StanChart bucks trend
London stocks fell in early trade on Wednesday as jitters crept in ahead of the Autumn Budget, with tax rises and spending cuts on the cards.
CAB Payments still in talks with StoneX about possible takeover
Fintech firm CAB Payments said on Wednesday that it is still in talks with US payments firm StoneX about a possible takeover, as it updated on its third-quarter performance.
GSK maintains guidance after mixed third quarter
GSK reported a mixed third-quarter performance on Wednesday, with a notable boost from specialty medicines helping to offset weaker sales in vaccines.
Aston Martin Q3 loss smaller than expected, FY guidance backed
Aston Martin Lagonda backed its full-year outlook on Wednesday as it reported a smaller-than-expected third-quarter loss.
London pre-open: Stocks to fall as attention turns to Budget
London stocks were set to drop at the open on Wednesday ahead of the Autumn Budget.
Wednesday newspaper round-up: Starbucks, Santander, Alphabet
Starbucks office workers will risk losing their jobs if they fail to comply with the company’s hybrid work requirement that employees are in the office three times a week. According to the Wall Street Journal an internal message sent to employees warns that an “accountability process” will start in January 2025. Consequences for non-compliance are “up to, and including, separation”, according to the company message. – Guardian.