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Wednesday newspaper round-up: NI rise, BrewDog, Sensyne Health
Almost a third of bus services in England could be axed within weeks if the government does not make “critical decisions” to extend emergency funding, bus operators have warned. Bus services were supported by grants during the pandemic when customers were advised to avoid unnecessary travel, but funding is due to expire on 5 April, with passenger numbers still only about 70% of pre-pandemic levels. - Guardian.
Canaccord Genuity downgrades System1 to 'hold'
Analysts at Canaccord Genuity lowered their rating on market research company System1 from 'buy' to 'hold' on Wednesday and cut their target price on the stock from 430. 0p to 405. 0p.
Thursday preview: US CPI, AstraZeneca in focus
Investors' attention will be firmly on the latest consumer price due out in the US covering the month of January.
Europe close: Stocks push ahead, periphery stocks lead
Europe's main stock market indices clocked in with big gains on Wednesday, driven by a strong Wall Street performance overnight and strong corporate news.
London close: Travel stocks send FTSE to two-year high
London stocks closed above the waterline on Wednesday, having taken their cue from solid US and Asian sessions, as investors sifted through a raft of corporate news.
Director dealings: SSP directors make purchases, Knights Group CFO covers tax bill
Travel caterer SSP Group found itself on the list of director buys several times on Wednesday, with the wife of its chairman and two non-executive directors making purchases.
OptiBiotix lays out strategy for investment and growth
Life sciences company OptiBiotix Health updated the market on its strategic and commercial progress on Wednesday, reporting that the next phase of its strategy would involve reinvesting proceeds from the recent sale of SkinBioTherapeutics shares, which generated £2m.
Hummingbird posts positive drilling results from Yanfolila
Hummingbird Resources updated the market on its “extensive and completed” 2021 exploration drilling programme at the Yanfolila gold mine in Mali on Wednesday, having received and analysed a further 12,000 metres of assays from the SE deposit and 3,179 metres from the initial drilling done at greenfield deposit BBC.
Helium One reports results of recent mineral study at Rukwa
Helium One Global announced the results of the ‘quantitative evaluation of minerals by scanning electron microscopy (QEMSCAN) study on drill cuttings collected from the Tai-1/-1A wells at its wholly-owned Rukwa project area on Wednesday.
Oriole Resources upbeat on trenching at Wapouze
West Africa-focussed exploration company Oriole Resources updated the market on its 90%-owned Wapouzé gold project in Cameroon on Wednesday, including a best trenching interval of two metres at 4. 06 grams of gold per tonne.
Lexington intersects first gold from drilling at Carolina Belle
Carolinas-focussed exploration and development company Lexington Gold announced assay results from the first 11 holes of its reverse circulation drilling programme at the Carolina Belle Project on Wednesday.
Broker tips: System1, JTC, Boohoo, Residential Secure Income
Analysts at Canaccord Genuity lowered their rating on market research company System1 from 'buy' to 'hold' on Wednesday and cut their target price on the stock from 430. 0p to 405. 0p.
Ironveld keeping 'close dialogue' with Grosvenor over Luge transaction
Ironveld updated the market on the sale of its interest in Luge on Wednesday, reporting that “close dialogue” with Grosvenor was continuing.
FTSE 250 movers: Micro Focus bounces back; Chemring under pressure
London’s FTSE 250 was up 2% at 22,219. 20 in afternoon trade on Wednesday.
Chaarat exceeds 2021 guidance at Kapan Mine
Armenia and Kyrgyz Republic-focussed gold miner Chaarat said on Wednesday that it exceeded its 2021 production guidance at the Kapan Mine in Armenia.
FTSE 100 movers: Paper companies on a tear; Glaxo in the red
London’s FTSE 100 was up 1. 2% at 7,656. 26 in afternoon trade on Wednesday.
US open: Stocks advance during early trading
Wall Street stocks were in the green early on Wednesday after major indices registered solid gains in the previous session.
Financial confidence slumps to eight-year low
Households’ confidence in their financial outlook has slumped to its lowest level in more than eight years, research published on Wednesday showed.
Amazon must comply with grocery code of practice - CMA
Amazon is facing increased regulatory oversight following the rapid expansion of its grocery business.
Barclays downgrades Boohoo to 'underweight'
Barclays downgraded Boohoo on Wednesday as it took a look at online fashion retailers.
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