European markets were little changed on Wednesday amid what appeared to be slightly positive headlines around the US debt ceiling negotiations.
Ferrexpo issued an update on Wednesday afternoon, in response to press reports over alleged corruption involving the head or judges of the Supreme Court of Ukraine.
London stocks closed in negative territory on Wednesday, with investor sentiment clouded by ongoing talks in Washington over the US federal debt ceiling, with a deadline swiftly approaching.
The market spotlight will continue to focus on the US come Thursday.
HSBC initiated coverage of Oxford Instruments on Wednesday with a ‘hold’ rating and 2,900p price target as it said it is an undisputed expert in its field but that a strong share price performance since March 2020 might be stalled by export restrictions and change at the helm.
Compliance and sustainability-focussed property service provider Kinovo described a robust financial performance for the year just ended on Wednesday, as well as significant progress in its strategic growth objectives.
London’s FTSE 100 was down 0. 3% at 7,725. 02 in afternoon trade on Wednesday.
JD Sports Fashion said it expected annual profit to pass £1bn after a record result in the year to January 28 as buyers snapped up trainers in the shift towards leisurewear.
EKF Diagnostics reported first-quarter trading that met expectations in an update on Wednesday, following the strong growth of its point-of-care and life sciences businesses in 2022.
HSBC was at the top of the list of director buys on Wednesday, after two of its executives purchased shares under its 2011 share plan.
Electronic, software and physical security systems provider Newmark Security confirmed a return to profitability in the financial year just ended on Wednesday.
Wall Street's main market gauges were making modest gains on the back of positive headlines around the debt ceiling negotiations.
MTI Wireless Edge reported revenue of $11. 3m in the March quarter on Wednesday, representing a 1% year-on-year increase.
Professional service company DSW Capital said in an update on Wednesday that it expected revenue and adjusted pre-tax profit for the financial year just ended to align with current market expectations.
Homebuilding activity in the States rose a bit last month, but from a lower than expected base.
Gamma Communications reported positive growth momentum across all three of its operating segments in a trading update on Wednesday, reiterating its guidance for the rest of the year.
InterContinental Hotels said on Wednesday that Jolyon Bulley will succeed Elie Maalouf as chief executive officer of the Americas.
Shares in Coats fell on Wednesday as the industrial thread and global footwear component maker held annual guidance, with results expected to be weighted to the second half.
FTSE 250: 19,159. 66, -0. 59%.
The Bank of England will continue hiking interest rates if inflationary pressures persist, its governor warned on Wednesday.
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