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Centrica, offshore wind farm
Wednesday broker round-up

Centrica: Credit Suisse downgrades to neutral with a target price of 155p.

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Ocado earnings to take up-front hit on overseas contracts

Analysts said Ocado's explanation of new accounting rules will make earnings appear "ugly" but that cash flows will not be affected.

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Europe midday: Bounce in stocks gathers strength, tech recovers from early selling

A bounce in European stocks is gathering strength, after White House economic adviser, Larry Kudlow, denied media reports that a trade planning meeting between Chinese and US officials scheduled for the day before had been cancelled.

AJ Bell customers numbers grow but markets hit AUM

Investment platform AJ Bell reported a respectable start to trading as a listed company, with 4% growth in customer numbers and positive net flows.

plastic rpc
RPC finally receives offer from Apollo

After at least four months of talks, RPC Group has finally received a take-private offer from US private equity group Apollo, valuing the plastics manufacturer at £3. 3m.

FCA launches consultation on crypto-asset regulation

The UK’s financial watchdog is launching a consultation on crypto-assets such as bitcoin and other digital tokens to determine which activities it regulates.

G4S to pay up to $130m to settle US class action

Shares in security services firm G4S were under pressure on Wednesday after it said late the previous day that it has agreed to pay up to $130m to settle a class action in the US.

New York Stock Exchange, markets, traders, USA, stocks, shares, Wall Street. Photo: Pete Bellis
US pre-open: Stocks to bounce back as earnings roll in

Stocks on Wall Street looked set to bounce back from the previous day's losses on Wednesday despite lingering concerns about trade relations between the US and China, as earnings continued to roll in.

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Scancell loses out on Cancer Research UK grant

Immunotherapies developer Scancell has seen Cancer Research UK pass on its submission into the Grand Challenge research initiative.

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Eagle Eye revenue climbs by a quarter on recent contract wins

Eagle Eye on Wednesday reported that it expects to meet full-year expectations after revenue jumped by a quarter following new deals with Waitrose and Burger King.

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EU does not limit UK state aid for industry - IPPR

Leaving the European Union would not grant the UK more freedom to grant state aid to industry as the country is currently spending as much as three times less than the bloc's other member states, the IPPR said.

japanese yen jpy
BoJ stays put but revises GDP forecasts higher

The Bank of Japan decided on Wednesday to stay put on monetary policy, even as it lowered its inflation forecasts and pointed to "downside" risks for both the economy and prices.

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London midday: Stocks maintain losses as sterling rallies

London stocks were still in the red by midday on Wednesday as concerns about trade tensions between the US and China and a downbeat assessment of the UK manufacturing sector weighed on sentiment.

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Santander to close 140 branches and risk 1,200 layoffs

Spanish bank Santander said it was cutting around 140 branches which would put 1,270 jobs at risk.

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IBM cheers market as results narrowly beat expectations

Shares in IBM jumped in pre-market trading on Wednesday after the US firm beat quarterly earnings estimates.

patisserie valerie luke johnson
Patisserie Valerie owner calls in administrators after bank talks fail

Patisserie Holdings has called in the administrators after directors failed to get support from the cafe chain's lenders.

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H&T's online investment pays back

H&T Group shares climbed on Wednesday after the pawnbroker reported that full-year results will meet market expectations as online developments contributed to a "strong" fourth quarter.

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Outlook for UK manufacturing sector worst since Brexit vote - CBI

Sentiment in the UK manufacturing sector deteriorated a lot more than expected in January amid uncertainty over Brexit, according to the latest quarterly industrial trends survey from the Confederation of British Industry.

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Patisserie Valerie shareholder 'considering legal action'

Collapsed café group Patisserie Holdings could face potential legal action from disgruntled investors, it emerged on Wednesday.

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Empresaria trades in line with expectations

Staffing specialist Empresaria told investors on Wednesday that it had traded in line with market expectations in its recently wrapped up trading year.