Market Report
Netflix posts lower-than-expected Q1 net new adds, guides lower for Q2
Netflix posted stronger-than-expected quarterly profits overnight but added fewer new subscribers than analysts on Wall Street had penciled-in, sending its shares plunging in after-hours trading in New York.
US close: Reopening stocks lead indices higher
Wall Street stocks were in the green at the closing bell on Wednesday, with all three main indices enjoying a positive session.
Europe close: Stocks bounce after court gives go-ahead to EU rescue fund
European stocks finished the session moderately higher albeit only after the drubbing endured the day before, as investors responded positively to earnings updates from Heineken and semiconductor maker ASML.
London close: Stocks mixed as Covid fears reignite in Asia
Stocks finished in a mixed state in London on Wednesday, as investors watched rising numbers of Covid-19 infections outside of Europe, particularly in Japan and India, after a slightly lower-than-expected CPI print in the UK.
Nostra Terra progresses portfolio expansion in Tunisia
Texas-focussed oil and gas exploration and production company Nostra Terra reported progress with the planned strategic expansion of its portfolio into Tunisia on Wednesday.
Director dealings: Joules founder lowers stake
Joules Group revealed on Wednesday that founder Tom Joules had disposed of 5. 25m ordinary shares in the AIM-listed clothing company.
Broker tips: Travis Perkins, Carnival, Avast
Analysts at Berenberg raised their target price on builders' merchant Travis Perkins from 1,800. 0p to 2,020. 0p on Wednesday following a division-by-division investigation.
US open: Stocks trade higher, Nasdaq quickly reclaims early losses
Wall Street stocks all traded higher at the open on Wednesday, reversing some early losses for the Nasdaq.
Canaccord initiates coverage of Avast at 'buy'
Canaccord Genuity has initiated coverage of blue chip security specialist Avast with a ‘buy’ recommendation.
President Energy pleased with progress in Rio Negro
America-focussed exploration and production company President Energy updated the market on its activities in Argentina’s Rio Negro province on Wednesday, reporting that well LB-1001 in the Las Bases field had been placed on stream following its workover.
Inspiration's SLE gets approval for ventilator in China
Medical technology company Inspiration Healthcare announced on Thursday that SLE, the specialist neonatal ventilator manufacturer it acquired in July, has received regulatory approval from the National Medical Products Administration (NMPA) to sell the enhanced version of the ‘SLE6000’ in China.
Football shares tumble after Super League collapses
Shares in football clubs were sharply lower on Wednesday, after plans to launch a European Super League collapsed just days after they were first announced.
RTC Group says it's 'too early to quantify' FY revenues and profits
Recruitment firm RTC Group said on Wednesday that it still believes that it's "too early to quantify" revenues and operating profits for the 2021 full calendar year.
Blue Star investee Dynasty raises $5m in latest round
Esports and payment technology-focussed investment company Blue Star Capital updated the market on its investee company Dynasty eSports on Wednesday, reporting that Dynasty had completed its fundraising round, raising $5m (£3. 59m) at a pre-money valuation of $45m.
US pre-open: Futures mixed as Netflix weighs heavily on Nasdaq
Wall Street futures were mixed ahead of the bell on Wednesday, with tanking Netflix shares weighing on the Nasdaq Composite.
Synthomer ups full-year earnings guidance, shares spark
Synthomer has upped its 2021 earnings guidance following a strong start to 2021, sending shares in the FTSE 250 chemicals specialist higher.
Hochschild makes 'solid' start to year
Hochschild Mining said on Wednesday it remained on track to meet its 2021 production targets, despite a dip in first-quarter output.
Uber Eats plans Germany launch in challenge to Just Eat
Uber will launch Uber Eats in Germany in the next few weeks, the company said on Wednesday.
London midday: Stocks slightly higher as risk appetite sentiment stabilises
Stocks are holding modestly higher come midday despite the drag on investor sentiment due to the rising numbers of Covid-19 infections outside of Europe, particularly in Japan and India.
Berenberg raises target price on Travis Perkins
Analysts at Berenberg raised their target price on builders' merchant Travis Perkins from 1,800. 0p to 2,020. 0p on Wednesday following a division-by-division investigation.