Market Report
ECB set to lower euro area inflation forecasts, report says
The single currency weakened after Bloomberg reported that the European Central Bank might be set to lower its short and medium-term forecasts for inflation in the Eurozone.
Rotork offers improved risk-reward for Goldman Sachs
With Rotork shares the worst performing stock in the European capital goods sector over the last quarter due to oil price declines and cost inflation concerns, Goldman Sachs sees a buying opportunity as the risk-reward ratio shifts into more attractive territory.
Weaker pound lifts WPP revenue
Revenue at advertising giant WPP has risen in the first four months of the year, underpinned by a weak pound.
Jefferies downgrades Tate & Lyle on Nafta caution
Tate & Lyle is facing a likely softer sugar pricing climate in 2018 and combined with anticipated slow progress towards ramping up its speciality ingredients profits, Jefferies downgraded its recommendation on the shares to 'hold' from 'buy'.
Berenberg says Qinetiq deserves premium due to outlook for net cash
Analysts at Berenberg lifted their target price on shares of Qinetiq due to the continued "significant" optionality afforded to the company by its comfortable cash position.
Scotgold signs sales agreement with two unnamed Scottish jewellers
Scotgold Resources announced on Wednesday that a sales agreement had been signed with two of Scotland's “pre eminent” manufacturing jewellers.
AudioBoom audience still booming in second quarter
Spoken word audio-on-demand platform AudioBoom announced an update for the second quarter of the current financial year on Wednesday, with the company saying its strong performance for the first quarter of the year continued in the second quarter.
LiDCO gets FDA clearance for new hemodynamic monitor
Hemodynamic monitoring company LiDCO announced on Wednesday that it was granted clearance from the US Food and Drug Administration (FDA) under Section 510(k) of the Food, Drug and Cosmetic Act to market its new advanced hemodynamic monitoring platform LiDCOunity v2.
Asia report: Markets mixed ahead of risky Thursday
Markets in Asia finished mixed on Wednesday, with traders keeping their wallets closed ahead of a hat-trick of major events on Thursday - the UK general election, a review from the European Central Bank, and the scheduled testimony from former FBI director James Comey to the US Senate.
Europe midday: Stocks rebound ahead of key risk events
European stocks were mostly higher in early trading following a soft start to the week and ahead of multiple key risk events the next day, including the UK elections and US FBI director James Comey's testimony before a senate panel.
RPC profit more than doubles on acquisitions, weak pound
Profit at RPC more than doubled in the year to the end of March as it benefited from recent acquisitions and a weaker pound.
UK house prices hold up better than expected in May, Halifax says
UK house prices held up better than expected last month although the year-on-year rate of price gains continued to cool.
US pre-open: Stocks seen flat as investors eye Thursday's big events
US futures pointed to a muted open on Wall Street on Wednesday as investors look to the following day's big events, which include the UK general election, a European Central Bank meeting and former FBI boss James Comey's testimony before the Senate panel.
May wants to change human rights laws to combat terror threats
Theresa May has said that she is willing to tear up human rights laws in order to combat the threat of terror attacks in the UK, in a last-ditch attempt to convince voters ahead of Thursday's election.
Bayer cuts stake in Covestro to 44.8%
German chemicals and drug company Bayer has cut its stake in Covestro in an effort to help fund its acquisition of US seeds giant Monsanto.
Midatech Pharma signs global licensing agreement with Novartis
AIM-listed Midatech Pharma has signed a global licensing agreement with Novartis for the oncology compound panobinostat.
St Modwen Properties plans to step up development activity
After a review of the business St Modwen Properties plans to accelerating commercial development activity and grow its residential and housebuilding business.
Europe open: Banks jump as Santander picks up rival Popular for €1
European stocks were mostly higher in early trading following a soft start to the week and ahead of multiple key risks events the next day, including the UK elections and US FBI director James Comey's testimony before a senate panel.
London open: Stocks dip lower as investors cautious ahead of big day
London stocks nudged lower in early trade, with investors choosing to err on the side of caution a day ahead of the UK general election, a European Central Bank meeting and former FBI boss James Comey's testimony before the Senate panel.