Latest News
Verizon beats expectations on revenue and earnings
American communications giant Verizon beat earnings expectations for the second quarter on Wednesday, reporting adjusted earnings of $1. 37 per share.
US close: Stocks manage positive finish after Monday plunge
Wall Street stocks finished firmer on Tuesday, as major indices crawled back some of the heavy losses recorded in the previous session.
Qinetiq makes 'good start' to trading year
Defence technology company Qinetiq said on Wednesday that it had made "a good start" to the new financial year.
Thursday preview: ECB, Unilever in focus
All eyes on Thursday will be on the European Central Bank's policy meeting, its first following the conclusion of its multiannual strategy review.
Europe close: Corporate results boost main indices
European shares continued to rally on Wednesday as upbeat earnings reports and a strong rise in travel stocks boosted sentiment.
London close: Stocks finish higher after solid company updates
London stocks finished in positive territory on Wednesday, though the top-flight index slipped just below the 7,000-point level late in the session, as investors mulled the latest UK borrowing figures, with solid updates from the likes of Next and Future helping to boost sentiment.
Broker tips: Schroders, EasyJet, Compass
RBC Capital Markets upgraded Schroders to 'sector perform' from 'underperform' on Wednesday, hiking the price target to 3,400. 0p from 3,000. 0p.
Director dealings: Caerus Mineral Resources chairman ups stake
Caerus Mineral Resources revealed on Wednesday that chairman Michael Johnson had acquired 240,000 ordinary shares in the London-listed exploration and resource development firm.
Fonix Mobile ends year 'comfortably in line' with forecasts
Mobile payments and messaging company Fonix Mobile said in a trading update on Wednesday that revenue and profit had continued to grow over the year just ended, and remained “comfortably in line” with its expectations since its admission to trading on AIM in October.
Berenberg upgrades Next to 'hold', sees better trading and lessened risks
Analysts at Berenberg moved back from a 'sell' recommendation to 'hold' for shares of Next, pointing to positive read-across on trading conditions from sector peers, an improved macroeconomic environment and lessened competitive risk to back up their move.
Jefferies upgrades catering groups Compass, Sodexo to 'buy'
Jefferies upgraded catering groups Compass and Sodexo on Wednesday to ‘buy’, from ‘hold’ and ‘underperform’ respectively, as it argued that the risk/reward was now more favourable.
Ariana upbeat on latest drilling at Kepez North
Europe-focussed mineral exploration and development company Ariana Resources announced a drilling and resource update for the Kepez North area of the Kiziltepe Sector on Wednesday.
FTSE 250 movers: Travel & leisure stocks gain; Qinetiq in the red
London’s FTSE 250 was up 1. 9% at 22,545. 16 in afternoon trade on Wednesday.
Arena Events repays shareholder financing early
Arena Events Group has agreed to repay and cancel the short-term financing facility with its significant shareholder Lombard Odier Investment Management (LOIM), it announced on Wednesday.
US open: Stocks trade higher as Q2 earnings season continues
Wall Street stocks opened higher on Wednesday after major indices bounced back from an early week rout in the previous session.
FTSE 100 movers: Next surges after update; Royal Mail slumps
London’s FTSE 100 was up 1. 8% at 7,003. 88 in afternoon trade on Wednesday.
MySale flags underlying earnings ahead of expectations
Online retailer MySale reported group underlying EBITDA ahead of market expectations in a trading update on Wednesday, at AUD 4. 2m (£2. 25m), making for an improvement of AUD 6. 9m from the loss of AUD 2. 7m it recorded in the 2020 financial year.
PCI-PAL ends year with 'substantial increase' in revenue
Cloud payment technology company PCI-PAL said on Wednesday that, after a “strong year” of trading, it now expected to announce revenues of about £7. 3m, making for a “substantial increase” of 66% over the prior year.
Tristel starting to see signs of market recovery
Infection prevention products manufacturer Tristel said in a trading update on Wednesday that as the fourth quarter progressed, demand for its device-based products accelerated as hospital outpatient departments gradually returned to pre-pandemic levels of activity.
EKF Diagnostics reports continued strong trading
Point-of-care company EKF Diagnostics said on Wednesday that the strong trading it reported at the beginning of the year had continued through the second quarter.