Market Report
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.
Workspace opens first 'net zero' building in Islington
Workspace Group announced the opening of its first ‘net zero’ building, Leroy House in Islington, on Wednesday, after transforming a historic 1930s watchmaker’s factory into a 57,000 square foot sustainable workspace to meet strong demand from small-to-medium enterprises.
Great Western Mining reports promising sampling results
Great Western Mining reported promising results from its soil and grab sampling at the West Huntoon porphyry copper prospect in Mineral County, Nevada on Wednesday.
Gulf Marine Services secures new support vessel contract
Gulf Marine Services announced on Wednesday that it has secured a new contract for one of its self-propelled, self-elevating support vessels in the Middle East.
London midday: FTSE dips into the red ahead of US CPI
London stocks had dipped into the red by midday on Wednesday as investors eyed the latest US inflation reading.
Augmentum Fintech invests $4m in Emirati firm Pemo
Augmentum Fintech announced a $4m investment as the lead investor in a $7m funding round for Emirates-based fintech company Pemo on Wednesday.
Europe midday: Shares extend losses as investors turn to US CPI
European shares extended losses at midday on Wednesday after a weak session in Asia as investors worried about the possible imposition of tariffs by the new US administration, while eyes were also on inflation data from across the pond.
Craneware sees 'positive momentum' carry over into FY25
Software firm Craneware confirmed on Wednesday that the "positive momentum" seen in FY24 has continued into the current year, with prior investments supporting continued revenue and underlying earnings growth.
Asia report: Regional stocks follow Wall Street lower
Asia-Pacific markets largely declined on Wednesday, mirroring Wall Street’s post-election rally, which lost momentum overnight.
Boku inks new agreement with Amazon Japan
Mobile payments firm Boku revealed on Wednesday that it has struck a new commercial agreement to supply digital wallet and other local payment methods to Amazon Japan.
The Range nearing deal to snap up chunk of Homebase - report
The Range is reportedly closing in on a deal to snap up a large chunk of Homebase which will save close to 1,500 jobs but raise doubts about at least 1,700 more.
Biome Technologies warns on revenues
Bioplastics and radiofrequency technology business Biome Technologies warned on Wednesday that full-year revenues now looked set to be lower than originally expected.
Intermediate Capital reports half-year of growth
Intermediate Capital Group total assets under management rose to $106bn at the end of its first half, it reported on Wednesday, as fee-earning assets under management were up 4% from 31 March to $73bn.
Cordel secures two new contract wins
Artificial intelligence platform operator Cordel Group said on Wednesday that it has secured two new contract wins.
Dowlais shares surge following trading update
Specialist engineering group Dowlais said on Wednesday that year-to-date trading was in line with expectations and that its full-year outlook remained unchanged.
Flutter Entertainment lifts full-year guidance
Shares in Flutter Entertainment jumped on Wednesday as the Betfair owner lifted its full-year revenue and EBITDA guidance and posted a narrowing of its net losses.
Experian posts steady first-half growth
Experian reported steady first-half growth on Wednesday, driven by a strong performance across its regional markets and business segments.
London open: FTSE nudges up ahead of US inflation reading
London stocks nudged higher in early trade on Wednesday, steadying after heavy losses in the previous session, but with gains muted ahead of the latest US inflation reading.
Europe open: Shares slip on weak Asia; Eyes turn to US inflation data
European shares were in retreat again on Wednesday after a weak session in Asia as investors worried about the possible imposition of tariffs by the new US administration, while eyes were also on inflation data from across the pond.