Market Pulse
US close: Stocks mixed amid geopolitical tensions, Nvidia earnings
US stocks turned in a mixed performance on Wednesday as investors eyed third-quarter results from AI-darling Nvidia and monitored geopolitical tensions with Russia.
Broker tips: Petershill Partners, Informa
Berenberg raised its target price on investment company Petershill Partners from 235. 0p to 270. 0p on Wednesday following the group's Q3 results a day earlier.
London close: Stocks fall as UK inflation tops BoE targets
London stocks ended Wednesday in negative territory as unexpectedly high UK inflation data dampened hopes of an imminent interest rate cut by the Bank of England.
Ford to make 4,000 job cuts across Europe
Automotive giant Ford has announced plans to slash 4,000 jobs across Europe, including 800 UK-based roles.
FTSE 100 movers: Sage surges on results; Vistry in the red
London’s FTSE 100 was down 0. 1% at 8,088. 58 in afternoon trade on Wednesday.
Berenberg ups target price on Petershill Partners
Berenberg raised their target price on investment company Petershill Partners from 235. 0p to 270. 0p on Wednesday following the group's Q3 results a day earlier.
US open: Stocks fall ahead of Nvidia Q3 earnings
US stocks fell in early trade on Wednesday as investors eyed third-quarter results from tech giant Nvidia, and as geopolitical tensions with Russia rumbled on in the background.
Xaar CFO Ian Tichias resigns
Inkjet printing technology group Xaar said on Wednesday that chief financial officer Ian Tichias has resigned "to pursue other opportunities".
Poolbeg Pharma granted new US patent
Clinical-stage biopharmaceutical company Poolbeg Pharma announced on Wednesday that it has been granted a US patent for its ‘Immunomodulator I’ application.
Silverbullet wins £1.5m worth of new contracts
Silverbullet reported strong trading in its fourth quarter on Wednesday, marked by record-breaking performance in October and new contracts worth £1. 5m.
London midday: FTSE flat as investors mull higher-than-expected inflation
London stocks had pared earlier small gains to trade flat by midday on Wednesday as higher-than-expected UK inflation fuelled expectations the Bank of England will refrain from cutting rates next month.
Equals announces another extension to takeover deadline
Equals Group announced another extension to the ‘put up or shut up’ (PUSU) deadline on Wednesday, for a potential all-cash acquisition by a consortium led by Embedded Finance (Railsr), TowerBrook Capital Partners, and JC Flowers.
Asia report: Markets mixed as Japan exports beat forecasts
Asia-Pacific markets experienced mixed performances on Wednesday as investors digested China’s decision to maintain its benchmark lending rates and Japan’s stronger-than-expected trade data.
Tracsis confident after year of transformation
Transport technology specialist Tracsis reported full-year revenue of £81m on Wednesday, a slight 1% decline, while adjusted EBITDA fell 20% to £12. 8m, resulting in an EBITDA margin of 15. 7%.
Greencoat Renewables sells Kokkoneva wind farm for 6pc premium
Greencoat Renewables announced on Wednesday that it has finalised the sale of its 43. 2 MW Kokkoneva wind farm in Finland to Aneo, a Norwegian renewable energy company and one of the largest onshore wind asset owners in Norway.
Churchill China tumbles after profit warning
Shares in Churchill China tumbled on Wednesday as it warned that 2024 profit would be "materially below" market expectations and the outlook for 2025 will also be affected, as global hospitality markets remained "subdued".
Knights Group pleased with solid first half
Knights Group reported a robust half-year performance in an update on Wednesday, with underlying profit before tax rising 25. 9% to £14. 6m, compared to £11. 6m in the same period last year.
Softcat first-quarter trading in line, customer demand ‘resilient’
IT infrastructure and services provider Softcat said on Wednesday that first-quarter trading was in line with guidance.
FRP Advisory upbeat after robust first half
FRP Advisory Group reported a robust first-half performance in an update on Wednesday, with revenue rising 32% year-on-year to £77. 6m, driven by 23% organic growth and 9% contribution from acquisitions.
Hill and Smith revenues grow, operating margins improve
Construction products manufacturer Hill & Smith said on Wednesday that trading in the four months ended 31 October had been "positive".