Market Report
US pre-open: Futures mostly flat following Tuesday's sell-off
Wall Street futures were pointing to a relatively flat open on Wednesday following the sharp sell-off seen during the prior session.
London midday: Stocks a little lower ahead of Sunak speech
London stocks were still a little lower by midday on Wednesday amid worries about a rise in coronavirus cases in the US and Australia, as investors eyed Chancellor Rishi Sunak’s mini budget.
Asia report: Markets mixed amid fresh Covid warnings from the WHO
Markets in Asia finished in a mixed state on Wednesday, as the World Health Organization issued fresh warnings about the global state of the Covid-19 coronavirus pandemic.
Mpac service revenue, order book grows amid Covid crisis
Packaging and automation company Mpac Group updated the market on its operations on Wednesday, reporting that Covid-19 travel restrictions have had an impact on the timing of new original equipment orders, project execution and on-site service revenues.
Funding Circle to add Bounce Bank Loans to Covid lending offer
Funding Circle shares were rocketing on Wednesday morning, as the company outlined its success thus far in government-backed coronavirus lending, in both the UK and the United States.
Liontrust FY pre-tax profits slide, reports record AUM for Q1
Asset manager Liontrust reported record net inflows for the three months ended 30 June on Wednesday with assets under management continuing to grow throughout the quarter.
Craneware revenues remain stable throughout Covid-19 lockdowns
Software group Craneware said on Wednesday that it expected its revenues for the year ended 30 June to be unchanged, despite the Covid-19 pandemic impacting several of its major healthcare clients.
Cohort inks contract extension with UK Strategic Command
Technology group Cohort has scored a contract extension with UK Strategic Command for the provision of joint command and staff training.
Amigo Holdings brings back former CEO Glen Crawford
Guarantor loans provider Amigo Holdings said on Wednesday that former boss Glen Crawford will rejoin the company as chief executive officer with effect from 1 August.
Distil to double marketing spend, expects revenue surge
Drinksmaker Distil will more than double its marketing spend over the next few months ahead of an anticipated surge in revenues.
Springfield Properties FY profits hit hard by Covid-19 lockdown
Scottish housebuilder Springfield Properties warned on Wednesday that its full-year profits looked set to fall by as much 44% as a result of Covid-19 lockdowns halting construction work.
Europe open: Stocks drop amid Covid-19 concerns, geopolitics
Stocks in Europe are again moving lower, weighed down by the ongoing headlines around the Covid-19 pandemic, especially in the US.
Omega Diagnostics completes open offer to raise £11m
Omega Diagnostics reported the results of its open offer on Wednesday, netting gross proceeds from its recent fundraising of £11m before expenses.
Autins gets £2.75m under CBILS scheme
Acoustic, filtration and thermal insulation materials company Autins Group confirmed on Wednesday that it has received £2. 75m under the Coronavirus Business Interruption Loan Scheme.
MelodyVR partners with Live Nation for virtual concert series
Virtual reality entertainment company MelodyVR Group has entered into an exclusive partnership with Live Nation UK, it announced on Wednesday, for a series of new live concerts titled ‘Live From O2 Academy Brixton’.
London open: Stocks edge lower ahead of mini budget
London stocks edged lower in early trade on Wednesday amid worries about a rise in coronavirus cases in the US and Australia, as investors eyed Chancellor Rishi Sunak’s mini budget.
Unite valuations fall in first half as it targets lower occupancy
Student accommodation developer, owner and manager Unite Group updated the market on its valuations as at 30 June on Wednesday, reporting that the United Student Accommodation Fund (USAF) was valued at £2. 79bn - unchanged over the quarter.
First Derivatives posts 6% rise in revenues despite Covid-19 crisis
Software and consulting services company First Derivatives reported a rise in revenue for the four months to the end of June despite the coronavirus pandemic.
AstraZeneca gets EU approval for Lynparza
AstraZeneca announced on Wednesday, alongside its partner MSD, that 'Lynparza’, or olaparib, has been approved in the European Union for patients with germline BRCA-mutated (gBRCAm) metastatic pancreatic cancer.
Tritax Big Box says 97% of Q3 rent to be collected by August
Real estate investment trust Tritax Big Box said on Wednesday that rent collection has been "strong" since the start of the Covid-19 pandemic and that it expects 97% of third-quarter rents will be collected by the end of August.