Market Report
Ferguson selloff overdone, says JPMorgan as it upgrades
JPMorgan Cazenove upped its stance on shares of plumbing and heating products distributor Ferguson to 'overweight' from 'neutral' on Wednesday after the stock sold off the day before on the back of half-year results.
US trade deficit shrinks rapidly in January
America's shortfall in trade on goods and services with the rest of the world saw a massive drop at the start of 2019, amid a sharp decline in purchases from abroad.
Greencoat an 'outlier' with unwarranted discount to peers - RBC
Analysts at RBC Capital Markets upgraded Greencoat Renewables to 'outperform' on Wednesday, noting favourable winds had blown the Irish infrastructure company to an inflection point in its development.
Wednesday broker round-up
Pets at Home: Citigroup upgrades to buy with a target price of 180p.
Europe midday: Stocks perk up on 'dovish' ECB talk, banks find a bid
Stocks on the Continent are edging back into the green on the back of 'dovish' remarks from top European Central Bank officials.
Lloyd's of London suffers another year of losses as catastrophes take their toll
Lloyd's of London suffered another year of losses in 2018 - albeit smaller than the previous year - as it took a hit from a number of natural disasters but said it had seen "green shoots of improvement".
US pre-open: Stocks seen lower as bond yields fall
US stock futures pointed to a slightly lower open on Wall Street on Wednesday as bond yields declined.
London midday: Stocks turn lower ahead of indicative votes; housebuilders buck trend
London stocks had reversed earlier gains by midday on Wednesday as sterling pared losses ahead of 'indicative votes' on Brexit in Parliament later in the day.
Inspired Energy profits soar on record corporate revenues
Energy procurement consultant Inspired Energy saw profits soar in 2018 on the back of record revenues in its corporate division.
ECB's Draghi sounds confident note but adds that risks have risen
European Central Bank chief Mario Draghi sounded a confident note on the economic outlook on Wednesday, but conceded that risks had risen recently and that negative interest rates might possibly be having some undesired 'side effects'.
Retail sales fall at fastest rate for 17 months - CBI
Retail sales fell sharply in March, as the British high street continued to battle fragile consumer confidence and Brexit uncertainty.
Accesso profits decline on switch to IFRS 15
Technology solutions provider Accesso turned in a sharp drop in profits on Tuesday despite a rise in revenues due to a change in accounting practices and higher non-cash charges.
AB Dynamics' revenue and profits 'significantly ahead' of 2018
Automotive industry manufacturer and supplier AB Dynamics saw revenues and operating profits move ahead in the first half of its trading year, leaving the group confident that its full-year results will be in line with both management and consensus market expectations.
Getech revenues move ahead despite 'challenging' services market
Geoscience and geospatial products provider Getech expects to report increased revenues from its last trading year despite a challenging services market.
Asia report: Markets in a mixed state as RBNZ signals surprise rate cut
Markets in Asia finished Wednesday in a mixed state, as investors continued to anguish over the state of the global economy, and New Zealand’s central bank surprised markets by unexpectedly signalling an interest rate cut.
Thor Mining acquires Australian gold and uranium explorers
Resources company Thor Mining has acquired two Australian gold and uranium exploration companies to expand its operational portfolio in anticipation of the crystallisation of value from its Molyhil and Kapunda projects.
Europe open: Stocks dip even as ECB's Draghi sounds confident note
Stocks on the Continent have given up their early gains despite 'dovish' sounding remarks from Mario Draghi, the head of the European Central Bank.
Silence Therapeutics submits clinical trial application to MHRA
Silence Therapeutics announced on Wednesday that a clinical trial application for its lead candidate SLN124 has been submitted to the UK Medicines and Healthcare products Regulatory Agency (MHRA).
Velocys agrees return of FT reactors from ENVIA
Velocys has executed an agreement with ENVIA Energy, it announced on Wednesday, which officially completes the return of ownership of the two Velocys FT reactors to the company from ENVIA, upon the conclusion of the new technology demonstration run at the ENVIA site in Oklahoma City, which was completed last year.
Active Energy completes purchase of North Carolina site
Renewable energy and forestry management company Active Energy announced on Wednesday that the outstanding condition relating to the acquisition of the industrial site in Lumberton, North Carolina had now been satisfied.