Latest News
JP Morgan launches coverage of ITM Power
JP Morgan Cazenove has initiated coverage of renewable energy specialist ITM Power with an ‘overweight’ rating.
Best of the Best ends formal sale process as strong trading continues
Online competition operator Best of the Best updated the market on the “continuing strength” of trading through its third quarter on Wednesday, also reporting that it had concluded its review of options under a formal sale process, which it launched in June.
Alba Mineral Resources begins work on Gwynfynydd licence
Alba Mineral Resources updated the market on the latest planned phase of work at its Dolgellau Gold Exploration Project in north Wales on Wednesday, reporting that the next step would involve stream sediment sampling.
Mkango begins flotation plant testing on Songwe Hill
Mkango Resources announced the start of flotation pilot plant test work for the Songwe Hill Rare Earths project in Malawi on Wednesday.
Icon to buy PRA Health Sciences in $12bn deal
US outsourced drug and device developer Icon has agreed to buy PRA Health Sciences in a $12bn cash and stock deal.
US pre-open: Futures point to early gains as Powell heads to House of Representatives
Wall Street futures were in the green ahead of the bell on Wednesday as investors awaited the outcome of this week's House vote on Joe Biden's stimulus package.
N4 Pharma losses widen as it works on commercialising Nuvec
Pre-revenue specialist pharmaceuticals company N4 Pharma reported an operating loss of £1. 56m in its final results on Wednesday, widening from the £0. 95m loss a year earlier.
IronRidge reports solid progress at Ewoyaa project
Africa-focussed minerals exploration company IronRidge Resources updated the market on drilling activities at the Ewoyaa Lithium Project in Ghana on Wednesday, where it defined a JORC-compliant mineral resource estimate of 14. 5 million tonnes at 1. 31% lithium oxide in the inferred and indicated category.
London midday: Stocks steady as investors mull Lloyds, Reckitt results
London stocks had pared earlier losses to trade flat by midday on Wednesday as sterling came off its highs, with results from the likes of Reckitt Benckiser and Lloyds in focus.
BBVA considers cutting 3,000 jobs from Spanish workforce
Spain's BBVA is considering cutting around 3,000 jobs in the country, reported Expansión on Wednesday.
SpaceX raises $850m in fresh funding round
SpaceX’s new $850m in fresh funding was confirmed in a Securities and Exchange Commission report filed on Wednesday.
Europe midday: Shares hold gains on German GDP data
European shares remained higher at lunchtime on Wednesday as stronger-than-expected German economic growth drove gains, investor sentiment was still tempered by inflationary fears.
IA steps up calls on companies to boost board diversity
The Investment Association is to flag up companies that are failing to meet ethnic and gender diversity targets for its boards, it announced on Wednesday.
Covid-19 testing focus underpinning progress at Novacyt
Clinical diagnostics company Novacyt updated the market on the progress of its near-term research and development programmes on Wednesday, including the expansion of its product portfolio, clinical trial activity and the publication of independent validations of its Covid-19 tests.
Renalytix AI enters partnership with Univeristy of Utah Health
Artificial intelligence (AI) diagnostics company Renalytix AI announced a partnership with the University of Utah on Wednesday, to improve kidney health and reduce the risk of kidney failure for large-scale populations in the earliest stages of kidney disease.
Canaccord raises target price on Netcall
Analysts at Canaccord Genuity raised their target price on software firm Netcall from 74. 0p to 88. 0p on Wednesday, stating it expects more good news to come following the group's "strong" first half.
HSBC upgrades Greencore to 'buy', shares rally
Greencore rallied on Wednesday as HSBC upped its stance on shares of the Irish convenience food maker to ‘buy’ from ‘hold’ and lifted the price target to 170p from 120p as it argued the roadmap out of lockdown underpins a recovery in the food to go business.
Credit Suisse upgrades Tesco, downgrades Sainsbury's
Credit Suisse switched its preference from Sainsbury’s to Tesco on Wednesday as it took a look at the UK food retail sector.
Asia report: Hong Kong stocks lead region's markets lower
Stocks in Asia closed lower across the board on Wednesday as a tone of caution entered markets, with Japan returning from a public holiday on Tuesday.
German economy fares better than expected in fourth quarter
The German economy fared better than expected in the final months of 2020, official data showed on Wednesday, although growth was sharply lower on the previous quarter.