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Audioboom set to beat full-year expectations after bumper Q3
Podcast production and distribution company Audioboom updated the market on its September quarter on Wednesday, reporting record quarterly revenue of $16. 9m, up 161% on year-on-year and up 28% on the second quarter, as it flagged an expectations-busting year.
Avingtrans participates in £12.9m fundraise by Adaptix
Energy, medical and industrial technology company Avingtrans announced its £2. 5m participation in a £12. 9m fundraise by emerging medtech company Adaptix on Wednesday.
European Metals announces upgraded resource at Cinovec
European Metals announced the final drill results and an upgraded mineral resource estimate for the lithium and tin resources in the Cinovec Lithium-Tin deposit in the Czech Republic on Wednesday.
Serabi Gold upbeat on latest mining operations
Brazil-focussed mining and development company Serabi Gold updated the market on its operational, development and exploration activities in the third quarter on Wednesday.
Atalaya Mining hikes full-year production guidance
Atalaya Mining updated the market on operations at Proyecto Riotinto in the third quarter on Monday, reporting strong copper production of 13,933 tonnes, as it increased its production guidance for the full year.
Darktrace lifts revenue growth forecasts after first quarter
Cybersecurity artificial intelligence (AI) specialist Darktrace lifted its revenue guidance on Wednesday, after the strong sales performance it delivered in the second half of the 2021 financial year continued in its first quarter, as it grew its its customer base to 5,975, up 42. 7% year-on-year.
Europe open: Shares muted as inflation worries weigh; Entra soars
European stocks continued in downbeat mood at the opening on Wednesday as investors continued to fret about rising inflation and supply-chain issues.
BofA Merrill Lynch ups M&S to ‘neutral’ after investor event
Bank of America Merrill Lynch upgraded Marks & Spencer to ‘neutral’ from ‘underperform’ on Wednesday following the retailer’s investor event last week.
THG share price collapse "unjustified", says Liberum
Broker Liberum said on Wednesday that the collapse in the THG share price a day earlier was unjustified.
London pre-open: Stocks seen muted as investors mull GDP
London stocks were set for a muted open on Wednesday as investors mull the latest UK GDP reading.
US pre-open: Stocks slightly higher as Q3 earnings begin to roll in
Wall Street futures were in the green ahead of the bell on Wednesday as market participants digested some major bank earnings and prepped for the latest monthly inflation report later in the day.
US inflation pushes higher as food and energy costs rise
Headline inflation in the US rose at a faster-than-expected pace last month, official data showed on Wednesday, pushed higher by climbing food and energy prices.
Third-quarter profits beat forecasts at JP Morgan
JP Morgan Chase & Co reported better-than-expected quarterly numbers on Wednesday, after the Wall Street bank reduced the amount put aside to cover bad loans and corporate activity strengthened.
Shoe Zone shares soar as firm steps back into profit
Shares in footwear retailer Shoe Zone soared as the company said it expected to swing to an annual profit, but warned that Covid, supply-chain and inflationary issues still presented challenges in the next 12 months.
Blackrock Q3 profits beat estimates
Investment manager Blackrock third-quarter profits came in ahead of estimates on the back of an improving economy helped boost assets under management and fee income.
Quartix FY revenue and profits in line with expectations
Vehicle tracking systems and software firm Quartix Technologies expects full-year revenue, profit, and free cash flow to be in line with current consensus market forecasts.
UBS downgrades Informa, shares slump
UBS downgraded its stance on business intelligence and exhibitions group Informa on Wednesday to ‘sell’ from ‘neutral’, saying the travel recovery is likely to be slower than the market expects and that it expects material short-term earnings downgrades.
Seeing Machines creates Europe sales team
Computer vision technology company Seeing Machines announced the establishment of a European sales team based in Amsterdam on Wednesday, to lead the next phase of its business development and focus on growing demand in Europe for its aftermarket driver safety technology, ‘Guardian’.
Supply shortages hit Eurozone industrial production
Eurozone industrial production fell in August, official data showed on Wednesday, as supply constraints weighed heavily.
HSBC cuts rating on BT to 'reduce'
HSBC has downgraded BT Group, citing potentially "major shifts" in the wholesale broadband market.