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Asia report: Stocks fall on quiet day for region
Markets in the Asia-Pacific region were in the red on a largely quiet Wednesday, ahead of the US Federal Reserve’s rate decision due later in the global day.
Jefferies reiterates ‘buy’ rating on Volution
Jefferies reiterated its ‘buy’ rating on Volution on Wednesday as it said the company’s ability to drive margins higher, through both revenue mix and efficiency, is more than offsetting the challenging market backdrop to deliver ongoing earning upgrades.
Touchstone to snap up rival Trinity in £24m deal
Shares in Trinity Exploration & Production soared on Wednesday, after it agreed to be taken over by rival Touchstone Exploration.
Inspiration Healthcare shares hit record low as material export order remains outstanding
Medical technology provider Inspiration Healthcare Group shares hit a record low early on Wednesday as it said a material export order that was due at the end of January remains outstanding.
Berenberg lowers target price on Videndum following FY results
Analysts at Berenberg lowered their target price on hardware and software manufacturer Videndum from 500. 0p to 450. 0p on Wednesday following the release of the group's full-year results on 23 April.
Safestay acquires Cordoba hotel for EUR 2m
Safestay announced the acquisition of Hotel Lineros in Cordoba, Spain on Wednesday, for €2m.
LSL Property Services appoints new chairman
LSL Property Services announced the appointment of Adrian Collins as non-executive chairman on Wednesday.
Wickes reiterates full-year outlook despite sales slide
Wickes Group left its full-year outlook unchanged on Wednesday, despite "challenging" market conditions hitting sales in its design and installation business.
Mulberry hit by downturn in luxury spending
Luxury handbag maker Mulberry struck a cautious tone on Wednesday as it reported a drop in full-year revenues, pointing to a downturn in luxury spending.
Spirent Communications Q1 revenues down as market conditions remain 'challenging'
Telecommunications testing company Spirent Communications said on Wednesday that first-quarter revenues were in line with internal expectations but lower year-on-year as market conditions remained "challenging".
Haleon makes 'solid start' to FY24
Consumer healthcare company Haleon said on Wednesday that it had made a "solid start to the year", posting better-than-expected Q1 profits despite seeing a fall in revenues.
London open: FTSE edges higher ahead of Fed; Nationwide data in focus
London stocks edged up in early trade on Wednesday as investors eyed the latest UK manufacturing data and a policy announcement from the US Federal Reserve.
Halma snaps up electrical testing firm MK Test for £44m
Safety equipment and life-saving tech group Halma has announced the acquisition of Somerset-based MK Test Systems for £44m.
Computacenter warns on first-half profits
Computacenter warned on first-half profits on Wednesday, citing strong prior-year comparatives and challenging UK markets.
Smith & Nephew maintains guidance after strong first quarter
Smith & Nephew reported first-quarter revenue of $1. 39bn in an update on Wednesday, up 2. 9% year-on-year, as its orthopaedics business continued to recover.
GSK lifts annual guidance on strong virus treatment sales
UK pharmaceutical giant GSK lifted annual profits guidance on Wednesday, as it pinned its hopes on demand for its respiratory virus and shingles treatments.
Aston Martin expects new models to drive H2 growth after Q1 weakness
Luxury carmaker Aston Martin Lagonda saw a double-digit drop in revenues and adjusted profits in the first quarter, but said that the launch of four new models should drive "significant growth" in the second half and beyond.
UK house prices fall again in April - Nationwide
UK house prices unexpectedly fell in April for the second month in a row, as borrowing rates went up, according to figures released on Wednesday by Nationwide.
London pre-open: Stocks seen flat ahead of Fed announcement
London stocks were called to open flat on Wednesday as investors eyed the latest UK manufacturing data and a policy announcement from the US Federal Reserve.
Domino's keeps growth targets despite falling Q1 sales
Like-for-like sales at Domino's Pizza Group declined year-on-year in the first quarter as anticipated, but the company said it still expects to return to growth over 2024.