Latest News
Coca-Cola raises FY guidance following rebound in demand
Soft drinks maker Coca-Cola raised its full-year revenue guidance on Wednesday amid a rebound in demand thanks to a reopening US economy.
Future sees FY profits 'materially ahead' of expectations
Magazine publisher Future said on Wednesday that full-year profitability is set to be "materially ahead" of current market expectations amid a continued strong performance.
M&S boss warns of empty shelves in NIreland due to Brexit deal
UK retailer Marks & Spencer warned that it would not supply some Christmas good to Northern Ireland due to increased customs checks as part of the Brexit deal signed by Prime Minister Boris Johnson.
RBC Capital upgrades Schroders to 'sector perform'
RBC Capital Markets upgraded Schroders to ‘sector perform’ from ‘underperform’ on Wednesday, hiking the price target to 3,400p from 3,000p.
US pre-open: Futures mixed as Q2 earnings season rolls on
Wall Street futures were pointing to a mixed session for stocks on Wednesday after major indices bounced back from an early week rout in the previous session.
Royal Mail parcel volumes dip as Covid curbs ease
Royal Mail said revenues rose 12. 5% in the first quarter as people continued to shop online with Covid lockdown restrictions still in place, although UK parcel volumes had started to slip as curbs were lifted.
Next lifts annual guidance as Q2 sales crush forecasts
UK fashion retailer Next on Wednesday lifted full-year profits guidance after second quarter full price sales smashed expectations.
Europe midday: Rally continues as upbeat earnings please investors
European shares continued to rally on Wednesday as upbeat earnings reports and a strong rise in travel stocks boosted sentiment.
London midday: Stocks extend gains as Next, Future updates lift sentiment
London stocks had extended gains by midday on Wednesday as investors mulled the latest UK borrowing figures, with solid updates from the likes of Next and Future helping to boost sentiment.
Wednesday broker round-up
Morgan Advanced Materials: Liberum starts at 'buy' with 470. 0p target price.
Liberum starts Morgan Advanced Materials at 'buy', expects strong sales and record margins
Analysts at Liberum started coverage of Morgan Advanced Materials with a 'buy' recommendation and 470. 0p target price.
Asia report: Markets mixed as Japan exports beat forecasts
Stock markets in Asia closed in a mixed state on Wednesday, as investors reacted to a rebound on Wall Street overnight, and digested fresh economic data out of Japan and Australia.
BHP plotting retreat from oil
BHP was reportedly mulling how to extract itself from the oil and gas space while valuations were still supportive.
Hochschild Mining says on track to hit production targets after strong Q1
South America-focused Hochschild Mining said it was on track to meet production targets as second-quarter output rose on the back of strong performance from its Inmaculada mine and increases at the Pallancata and San Jose operations.
Liberum upgrades easyJet, cites attractive entry point
Liberum upgraded easyJet to ‘buy’ from ‘hold’ on Wednesday as it argued that share price weakness has created an "attractive entry point".
Petra Diamonds annual revenues surge, raises FY22 guidance
Mining outfit Petra Diamonds reported a 38% increase in full-year revenues and forecast for higher production in 2022 on Wednesday.
Bloomsbury trades strongly in first four months
Bloomsbury reported “strong trading” for the first four months of its financial year on Tuesday, with year-on-year sales growth of 28%, maintaining momentum from the prior year's “outstanding” performance.
Bridgepoint shares rally on LSE flotation
Shares in private equity firm Bridgepoint Group rallied more than 20% early on Wednesday after pricing its initial public offering at 350. 0p.
Loungers outperforms since reopening after swinging to adjusted losses
Bar and restaurant operator Loungers reported a 52. 9% fall in revenue in its preliminary results on Wednesday, to £78. 35m, though it was seeing a “significant outperformance” since reopening its locations on 17 May.
Speedy Hire maintains positive momentum in first quarter
Tools, equipment and plant rental company Speedy Hire said in a trading update on Wednesday that market conditions had remained “favourable” since year-end, as it traded in line with its own expectations.