Market Pulse
Greatland completes acquisition of Havieron and Telfer projects
Greatland Gold announced the official completion of its acquisition of Newmont Corporation's majority stake in the Havieron gold-copper project, full ownership of the Telfer gold-copper mine, and associated assets in Western Australia’s Paterson region on Wednesday.
IQE finalises sale of closed Pennsylvania site
Advanced compound semiconductor wafer products specialist IQE announced on Wednesday that it has finalised the sale of its decommissioned site in Bethlehem, Pennsylvania.
Amaroq raises £27.5m in oversubscribed placing
Greenland-focussed mining company Amaroq Minerals announced the completion of an oversubscribed fundraising on Wednesday, raising gross proceeds of £27. 5m to be used in accelerating its portfolio of gold and strategic mineral assets.
Asia report: Markets fall as investors watch Korean political turmoil
Markets across the Asia-Pacific region ended mostly in the red on Wednesday, with South Korea underperforming amid political turbulence.
Canaccord Genuity nudges up target price on Greatland Gold
Analysts at Canaccord Genuity raised their target price on development and exploration firm Greatland Gold from 15. 0p to 17. 0p on Wednesday and reiterated their 'speculative buy' rating on the stock after the group completed its acquisition of the 70% of the Havieron project that it did not already own, in addition to the Telfer mine from Newmont.
BA owner IAG 'most compelling' overweight in airline sector, says JPM
BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove said it was the "most compelling" overweight in the airline sector and added the stock to its Analyst Focus List and put it on "positive catalyst watch".
Treatt hails strong H2 as full-year profits rise
Ingredients and flavour manufacturer Treatt reported a rise in full-year profit and revenue on Wednesday, as it hailed a particularly strong revenue performance in the second half.
Biome warns on profits amid 'additional complexities'
Bioplastics and RF technology business Biome warned on FY revenue and profitability on Wednesday after "additional complexities" relating to component deliveries for two large projects expected to be completed in FY24 arose.
Costain secures contract with HS2
Construction and engineering group Costain has been awarded a new contract as a sole supplier to deliver tunnel and lineside mechanical and electrical systems for HS2.
XP Factory interim profits surge against strong comparators
Leisure business XP Factory said on Wednesday that interim revenue and profits had surged, reflecting continued volume-driven like-for-like growth across both of its brands, ahead of industry levels.
London open: FTSE edges down as investors mull events in France, South Korea
London stocks edged lower in early trade on Wednesday following mixed performances in the US and Asia, as investors mulled events in France and South Korea.
Light Science Technologies flags record full-year revenue
Light Science Technologies reported record full-year revenue in an update on Wednesday, with group sales rising around 29% over the 12 months ended 30 November, to £12m.
Zigup revenue falls in mixed first half
Zigup reported a mixed half-year on Wednesday, with underlying revenues growing 5. 6% to £775m on the back of robust performances in vehicle hire and claims services, although reported revenue slipped 0. 8% to £903. 6m due to weaker vehicle sales.
China services growth eases in November - Caixin
Growth in China’s services sector eased in November, according to data released on Wednesday.
London pre-open: Stocks seen down as investors eye events in France, South Korea
London stocks were set to fall at the open on Wednesday following mixed performances in the US and Asia, as investors mulled events in France and South Korea.
Wednesday newspaper round-up: British Steel, nuclear power plants, South Western Railway
Ministers are considering renationalising British Steel in a last-ditch attempt to save thousands of jobs, amid a standoff between the government and the company’s Chinese owners over a £1bn investment. Jonathan Reynolds, the business secretary, is locked in talks with British Steel and its owner, Jingye, to agree how much each party should put into a rescue plan for its main Scunthorpe site. – Guardian.