Market Report
Europe midday: Stocks mixed as investors digest earnings, inflation data
European stocks were mixed on Wednesday as investors digested earnings from Pearson, ASML and Burberry and eurozone inflation data.
Asia report: Markets mostly higher ahead of Trump inauguration
Markets in Asia managed to finish mostly higher on Wednesday, ahead of Friday;s inauguration of US President-elect Donald Trump.
Premier Foods tanks on profit warning
Shares in Premier Foods tanked after it warned that trading profit for full-year 2016/17 will be 10% lower than previously anticipated due to weaker-than-expected third-quarter sales and higher costs, as it announced a cost saving and efficiency programme.
Liberum says Pearson's self-help efforts 'too little, too late'
Liberum said Pearson's major profit warning and accelerated plans to recover from the US higher education challenges to protect the dividend were "too little, too late".
US pre-open: Stocks seen flat as Goldman, Citi earnings eyed
US futures pointed to a broadly flat open on Wall Street as investors awaited earnings from banking heavyweights Goldman Sachs and Citigroup and a speech by Federal Reserve chair Janet Yellen.
Eurozone inflation rises as expected in December
Inflation in the 19 countries that share the euro rose as expected in December, according to final data released by Eurostat on Wednesday.
Burberry bounces back as Asian retail returns to growth
Boosted by a return to growth for the Asia Pacific region but with the Americas still in decline, Burberry grew underlying retail sales 4% in the third quarter.
UK unemployment inches lower, wage growth accelerates
UK wage growth climbed as the unemployment rate was supported by a rise in inactivity, according to official data released on Wednesday, and the more timely claimant count measure dropped unexpectedly.
Quartix to pay supplementary dividend, revenue to be ahead of expecattions
Quartix, a supplier of subscription-based vehicle tracking systems, anticipates revenue will be ahead of expectations and will therefore pay a supplementary dividend, along with a final dividend, as it focused on its core fleet away from low margin insurance sales.
LoopUp's revenue jumps nearly 40%
Shares rose in LoopUp Group as the remote meetings company profit announced it has traded ahead of expectations as revenue jumped 39%.
Midwich sees full-year profit 'comfortably ahead' of expectations
Specialist audio visual and document solutions distributor Midwich said 2016 pre-tax profit is likely to be “comfortably ahead” of its previous expectations following a strong performance in the second half.
Redefine International sells German offices for €106m
Redefine International, a real estate investment trust, has sold four German offices for €106m.
Hochschild Mining beats fourth-quarter guidance despite minor slowdown
Hochschild Mining upped its production guidance for 2017 after the gold and silver miner unearthed more than it had predicted last year.
FTSE 250 rookie NewRiver outperforms market over Christmas
Retail property investor NewRiver REIT posted its third quarter update on Wednesday, declaring a dividend of 5p per share, up up 5. 3%, payable on 27 January 2017.
Hikma gets FDA approval for generic narcolepsy treatment
Hikma Pharmaceuticals’ US subsidiary Roxane Laboratories has received approval from the US Food and Drug Administration for its sodium oxybate oral solution for the treatment of cataplexy – sudden loss of muscle strength – and excessive daytime sleepiness in patients with narcolepsy.
Christie Group brokers deal to sell nursery company
AIM-quoted Christie Group, a provider of business services and inventory systems to the leisure, retail and care industries, has said that its agency and advisory service has brokered the sale of a nursery business to a French firm, for an undisclosed fee.
Henry Boot sees FY profit slightly ahead of market views
Land and property investor and construction company Henry Boot expects pre-tax profit and earnings per share for the year to the end of December to be slightly ahead of market views following a busy December.
Ofcom fines EE £2.7m for overcharging customers
Ofcom has fined EE £2. 7m for overcharging tens of thousands of its customers.
JPMorgan downgrades Inmarsat to 'neutral'
JPMorgan Cazenove downgraded Inmarsat to ‘neutral’ from ‘overweight’ and cut the price target to 830p from 950p.
Mitie warns on profits again, brings in new CFO
Mitie Group warned earnings will be below forecasts as the beleaguered facilities management firm battles with client deferrals, delayed investment plans and an underperforming cleaning division.