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Renalytix AI begins clinical validation study for 'KidneyIntelX'
Artificial intelligence-enabled kidney disease diagnostics developer Renalytix AI announced the start of its clinical validation study for its lead diagnostic, ‘KidneyIntelX’, on Wednesday.
Acquisition strategy a winner for Rotala
Rotala updated the market on its trading for the year ended 30 November on Wednesday, reporting that the 2018 financial year was in line with market expectations.
Eurozone consumer confidence improves less than expected in January
Eurozone consumer confidence improved less than expected in January, according to flash figures released by the European Commission on Wednesday.
Burberry's festive growth cools but 'brand heat' grows
Burberry sales disappointed slightly over the festive quarter but the fashion house maintained that it was successfully building "brand heat" ahead of the launch next month of its new creative director's debut collection.
FTSE 250 movers: Metro Bank crashes, Computacenter up loads
London’s FTSE 250 was down 0. 51% at 18,587. 21 in afternoon trade on Wednesday, with Metro Bank dragging the index downward as its shares plummeted by over 30%.
Botswana Diamonds raises fresh £0.37m in placing
Botswana Diamonds announced on Wednesday that it has undertaken a placing with existing and new investors to raise £0. 37m via the issue of 67,272,727 new ordinary shares at a price of 0. 55p each.
StatPro focus on recurring revenue paying off
Cloud-based portfolio analysis and asset pricing service provider StatPro Group updated the market on its trading for the year ended 31 December on Wednesday, reporting that group revenue was expected to be about £54. 7m, up from £49. 3m year-on-year.
Asia report: Markets mixed amid fresh US-China trade concerns
Asian markets finished in a mixed state on Wednesday, as sentiment took a dip amid renewed concerns over trade negotiations between the US and China.
RBC downgrades Tesla, says growth expectations too high
RBC Capital Markets cut its stance on Tesla to 'underperform' from 'sector perform' on Wednesday, taking the price target down to $245 from $290 as it argued that growth expectations are too high to justify current levels.
Analyst recommendations fail to beat the market
The ten blue-chip stocks most regularly backed by analysts with ‘buy’ recommendations lost more than the FTSE 100 index in 2018, fresh analysis showed on Wednesday.
Patisserie Valerie shareholder 'considering legal action'
Collapsed café group Patisserie Holdings could face potential legal action from disgruntled investors, it emerged on Wednesday.
Johnson & Johnson ponders surgical robotics acquisition
Healthcare giant Johnson & Johnson is pursuing an acquisition of surgical robotics specialist Auris Health, according to reports on Wednesday.
United Technologies sees profits taking-off in 2019
United Technologies shrugged off concerns about the strength of the dollar to forecast solid profit growth for 2019 as it posted above-estimate fourth-quarter numbers.
UK Oil & Gas jumps on plans for nine new wells
UK Oil & Gas (UKOG) jumped on Wednesday after releasing its plans to drill up to nine production, appraisal and exploration wells during 2019 and 2020.
Wednesday broker round-up
Centrica: Credit Suisse downgrades to neutral with a target price of 155p.
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.
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.