Market Pulse
US close: Stocks mixed following October CPI reading
Wall Street stocks delivered a mixed performance on Wednesday as market participants digested fresh inflation data.
Broker tips: Oxford Instruments, Serco
Analysts at Berenberg lowered their target price on manufacturing and research company Oxford Instruments from 2,925. 0p to 2,830. 0p on Wednesday, citing a "strong underlying performance".
BioNTech to acquire China's Biotheus in $800m deal
German biotechnology company BioNTech announced the $800m acquisition of Chinese biotech firm Biotheus on Wednesday, in a bid to further strengthen its oncology pipeline.
London close: Stocks mixed as US inflation meets forecasts
London stocks ended with mixed results on Wednesday, as investors assessed the latest US inflation data for October, which aligned with forecasts.
Director dealings: Jadestone CEO snaps up shares
Jadestone Energy revealed on Wednesday that chief executive Alexander Blakeley had acquired 443,100 ordinary shares in the AIM-listed upstream production company.
Charter Communications to buy Liberty Broadband in all-share deal
Cable operator Charter Communications said on Wednesday that it has agreed to buy Liberty Broadband, which is controlled by US cable pioneer John Malone, in an all-share deal.
Berenberg lowers target price on Oxford Instruments
Analysts at Berenberg lowered their target price on manufacturing and research company Oxford Instruments from 2,925. 0p to 2,830. 0p on Wednesday, citing a "strong underlying performance".
US open: Stocks mixed following October CPI reading
Wall Street trading got off to a mixed start on Wednesday as market participants digested fresh inflation data.
FTSE 100 movers: ICG slides; Smiths Group up on results
London’s FTSE 100 was down 0. 3% at 8,005. 49 in afternoon trade on Wednesday.
Power Metal announces accelerated uranium exploration plan
Power Metal Resources announced an accelerated exploration plan for its uranium-focused joint venture with UCAM on Wednesday, targeting its Badger Lake Property in Canada’s Athabasca Basin.
Kefi Gold launches strategic review of GMCO joint venture
Kefi Gold and Copper announced a strategic review of its stake in the Gold and Minerals (GMCO) joint venture in Saudi Arabia on Wednesday, which it holds with majority partner Abdulrahman Saad AlRashid & Sons (ARTAR).
ShoreCap downgrades Serco to ‘hold’
Shore Capital downgraded Serco on Wednesday after the outsourcer said last week that it had lost its long-running Australian immigration detention centres contract and estimated that changes to employer national insurance contributions would increase labour costs by £20m a year.
US CPI rises by 0.2pc in October
The US consumer price index increased to 315. 66 points in October, according to the Bureau of Labor Statistics, up from 315. 30 points in September.
Sweden’s Klarna files for US IPO
Swedish buy-now-pay-later firm Klarna has filed paperwork with the US Securities and Exchange Commission as it looks to list in the US.
US mortgage applications rise just 0.5pc
US mortgage applications rose 0. 5% in the week ended 8 November, according to the Mortgage Bankers Association of America, principally due to a 72 basis point surge in benchmark interest rates since the beginning of Q4.
Gelion announces solid-state separator breakthrough
Battery technology company Gelion announced a breakthrough in the development of solid-state separators for lithium-sulphur (Li-S) and lithium nickel manganese cobalt oxide (Li-NMC) batteries on Wednesday.
GCP Infra pays down debt in third quarter
GCP Infrastructure Investments released its latest quarterly investor update on Wednesday, reporting a net asset value of 105. 22p per share as at 30 September, with the diversified portfolio valued at about £1bn, comprising 50 investments that included partial inflation protection.
Regional REIT upbeat on third-quarter performance
Regional REIT issued a positive third-quarter trading update on Wednesday, marked by a 9. 3% increase in new letting income this year.
US pre-open: Futures trade lower ahead of CPI reading
Wall Street futures were in the red ahead of the bell on Wednesday as market participants awaited fresh inflation data.
Opus Energy agrees redress after 20 years of overcharging
Opus Energy has agreed to pay over £7m in compensation after overcharging nearly 88,000 business customers due to long-standing billing errors, Ofgem announced on Wednesday.