Wednesday, 21 October 2026
- Meta tops revenue forecasts as $9.9B legal charge weighs on profit
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) delivered another quarter of strong advertising growth, but a $9.9 billion legal charge sent earnings…
- Tesla beats Q3 estimates as services surge
Tesla Inc (NASDAQ:TSLA) topped Wall Street expectations in the third quarter, with a 33% jump in services revenue and the launch of Cybercab robotaxi rides in…
- Meta shares rise 4% as Muse momentum and revenue beat outweigh legal headaches
Meta Platforms shares rose 4% in after-hours trading after the social media giant delivered a strong revenue beat and bullish fourth quarter guidance, with…
- Meta beats on revenue and clean earnings as legal charge clouds quarterly numbers
Meta Platforms, the social media and technology company behind Facebook, Instagram and WhatsApp, beat revenue and underlying earnings forecasts for the third…
- AWS commits $18 billion to German AI infrastructure push
AWS is investing $18 billion in Germany to expand its data center and AI infrastructure footprint, AWS CEO Matt Garman said in a LinkedIn post.
- Tesla beats margin and cash flow forecasts despite sharp profit decline
Tesla shares rose 2% in after-hours trading after the electric vehicle and energy company beat Wall Street forecasts on gross margin and free cash flow in the…
- Flapping Airplanes quadruples valuation in year-old funding sprint
Flapping Airplanes, a year-old artificial intelligence research startup, has raised $1 billion in funding at a $6 billion valuation, led by Index Ventures and…
- Meta ordered to pay $25 billion over Cambridge Analytica scandal
A New Mexico judge ordered Meta to pay $25 billion in penalties, Axios reported Wednesday, after a jury found in September that the social media company misled…
- Blacksmith hits unicorn valuation on CI demand for AI code
Blacksmith, a platform that helps companies build and test software including code written by artificial intelligence, has raised $66 million in a Series C…
- Anthropic set to file S-1 this week in what could be history's biggest IPO
Anthropic, the San Francisco-based artificial intelligence company behind the Claude chatbot, is set to publicly file its S-1 investor prospectus as soon as…
- Netflix shares sink 5% as ad revenue warning spooks investors despite Wedbush buy rating
Netflix (NFLX) shares fell 5% on Wednesday after the streaming giant slashed its 2026 advertising revenue target and issued weaker-than-expected fourth-quarter…
- Intel revives US factory build-out as chip demand rebounds
Intel has restarted construction momentum across two of its flagship US manufacturing sites, according to The Next Web, which cites an update that…
- CrowdStrike shares rise on expanded Nvidia AI agent security deal
CrowdStrike shares rose 5.7% to $240.40 after the cybersecurity firm expanded its work with Nvidia on securing autonomous AI agents, a shift the company…
- Salesforce to buy Braze for $5.7bn as it strengthens its data architecture
Salesforce has signed a definitive agreement to acquire Braze, a customer engagement platform, in a deal valued at approximately $5.66 billion in enterprise…
- Slim grandson raises profile with AI store-builder expansion
Arturo Elias Slim, a grandson of Mexican billionaire Carlos Slim, is assuming a more visible position within Grupo Carso SAB, according to Bloomberg.
- FIVE AT FIVE: Musk floats a $3.5 trillion merger, GSK lands an FDA first and Ashtead agrees a £505 million exit
That's your five for Wednesday.
- Google brings personalized Gemini AI to Android Auto, Spotify launches Android Automotive app, Nvidia, Google, Apple - Big Tech Report
Google is rolling out "Personal Intelligence with Gemini" to vehicles, starting Tuesday in Android Auto and expanding to cars with Google Built-in in the…
- OpenAI extends reach to Google Cloud
OpenAI is bringing its AI models and Codex coding tools to Google Cloud, according to Axios.
- Nvidia packages entire AI data centres into shippable containers
Nvidia announced the DSX Pod AI Factory, a reference design that packs seven Vera Rubin racks into a unit roughly the size of a standard shipping container.
- GSK hepatitis B drug approval supports £2.2bn sales forecast, Jefferies says
Jefferies has reiterated its 'buy' rating on GSK PLC (LSE:GSK, NYSE:GSK), the pharmaceutical company, with a 2,500p price target after US regulators approved…
- Jefferies says UK housebuilders trade at 66% of 2027 net tangible asset value ahead of Budget
Jefferies, the investment bank, says UK housebuilders trade at 66% of 2027 net tangible asset value (NTAV), the value of their assets excluding intangibles…
- Flutter restructuring carries no new guidance impact, says Citi
Citi expects a neutral market reaction to Flutter Entertainment PLC (LSE:FLTR, NYSE:FLUT), the online betting group, restructuring its UK and Ireland business…
- JP Morgan says ConvaTec guidance looks increasingly secure ahead of trading update
JP Morgan has reiterated its 'overweight' rating on ConvaTec Group PLC (LSE:CTEC), saying the medical products group is well positioned to meet its 2026…
- UBS sees value in UK banks as loan growth accelerates, despite tax risks
UBS has reiterated its positive stance on UK domestic banks, arguing that accelerating loan growth, easing regulation and attractive valuations outweigh…
- NVIDIA unveils modular AI factories to cut data centre deployment to 14 days
Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) has unveiled a modular AI factory design that could reduce on-site deployment from 6 months to 14 days, as chief executive…
- Next set for reassuring trading update as colder weather lifts UK sales, says Jefferies
Next PLC (LSE:NXT), the British clothing retailer, is expected to deliver a reassuring third-quarter trading update as colder October weather supports UK…
- Tesla-SpaceX merger could reshape Musk’s empire, but hurdles remain
Elon Musk has backed the strategic case for merging Tesla Inc (NASDAQ:TSLA) with SpaceX Corp (NASDAQ:SPCX) but warned that a deal is far from certain.
- Watches of Switzerland kept at 'sector perform' by RBC as broker sees balanced risk-reward
Watches of Switzerland Group PLC (LSE:WOSG) has retained a 'sector perform' rating and an 800p price target from RBC Capital Markets, with the broker expecting…
- Virgin Wines draws split broker outlook as Panmure cuts target price to 45p
Virgin Wines UK PLC (AIM:VINO), the online wine retailer, has received contrasting broker assessments after returning to sales growth, with Panmure Liberum…
- SpaceX swings to profit on AI infrastructure boom, but capex bill is climbing
SpaceX Corp (NASDAQ:SPCX) is becoming an AI infrastructure company that also happens to launch rockets, according to analysts.
- Tesla-SpaceX 'good idea', say ebullient Musk
Elon Musk said it would be a "good idea" to merge Tesla and SpaceX, according to Bloomberg.
- SpaceX 'rockets' in pre-market trading. Are the bulls delded?
SpaceX's third-quarter results, released after the close on Tuesday, broke consensus models.
- FTSE 100 LIVE: London edges into the green ahead of positive Wall Street kick-off Update
The FTSE 100 nudged marginally into the green on Wednesday afternoon in subdued trading, taking its cue from a positive session in US futures markets where…
- JP Morgan backs ConvaTec ahead of trading update as full-year guidance worries ease
JP Morgan has reiterated its 'overweight' rating on ConvaTec, the medical devices group, arguing that concerns about a second-half growth step-up are overblown…
- Prudential’s new business profit to rise 8% as Asian markets offset China weakness, says Citi
Citi expects Prudential PLC (LSE:PRU), the Asia-focused insurer, to report an 8% increase in new business profit to US$762 million for the third quarter, with…
- Chinese AI penetration tool traced to Japan hacking spree
Around 80 Japanese companies were targeted in hacks launched from overseas servers carrying digital traces of Artex, an AI agent developed in China, according…
- OpenAI backs brain-implant startup targeting cancer
OpenAI's venture capital arm and Peter Thiel's Founders Fund are investing in Coherence Neuro, a San Francisco startup building a brain implant to detect and…
- Musk backs idea of merging Tesla and SpaceX
Elon Musk said it would be a "good idea" to merge Tesla and SpaceX, according to Bloomberg.
- Domino’s Pizza backed by brokers after positive third-quarter trading
Domino's Pizza Group PLC (LSE:DOM) retained 'buy' ratings from Peel Hunt, Panmure Liberum and Shore Capital after third-quarter trading showed continued order…
- The problem with Netflix and why the Street sold
Netflix's third-quarter results, released after the close on Tuesday, were financially solid (on the surface, at least).
- Fresnillo kept at 'hold' by Peel Hunt and Jefferies after production update
Fresnillo PLC (LSE:FRES) retained 'hold' ratings from Peel Hunt and Jefferies after third-quarter production came broadly in line with expectations and the…
- MARKETS LIVE: FTSE 100 rises after recovering from early losses Update
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF, FRA:RR1) chief executive George Bennett discussed changing market dynamics, progress at the company’s Phalaborwa…
- Tavistock shares climb 11% after £3m disposal and Atomos deal talks
Tavistock Investments PLC (AIM:TAVI) shares rose 11% to 2.05p on Wednesday after agreeing to sell King Financial Planning for £3 million and entering exclusive…
- SpaceX just reported the quarter AI bulls were waiting for. Here's why it's not that simple.
SpaceX's third-quarter results, released after the close on Tuesday, broke consensus models.
- Malvern International shares slump 22% as profit target abandoned
Malvern International PLC (AIM:MLVN), the education and skills development provider, fell 22% to 8p after abandoning its target of returning to profitability…
- FTSE 100 LIVE: London subdued as economic data piles pressure on Chancellor Update
UK public sector net debt exceeded £3 trillion for the first time in September, piling pressure on Chancellor John Healey ahead of next week's budget, as…
- Jersey Oil & Gas shares surge as Jackdaw approval boosts North Sea sentiment
Shares in Jersey Oil & Gas, the North Sea oil developer, jumped 14% in early trading on Wednesday after the UK government approved Shell's Jackdaw gasfield…
- Jefferies raises Next price target to £158 as colder weather boosts autumn trading outlook
Jefferies has lifted its price target on Next, the fashion and homeware retailer, from £145 to £158 ahead of the company's third-quarter trading update…
- UBS raises UK bank price targets as higher rates and loan growth offset budget tax fears
UBS has lifted price targets on several UK lenders ahead of a busy third-quarter results season, arguing that attractive valuations, accelerating loan growth…
- Jefferies raises Bellway target and flags Persimmon as top pick ahead of budget housing scheme detail
Jefferies has lifted its price target on Bellway and kept Persimmon as its top pick in the UK housebuilding sector.
- CelLBxHealth looking up as it bolsters commercial pipeline
CelLBxHealth PLC (AIM:CLBX, FRA:DWV) told investors it is targeting revenues of £3 million to £4 million in 2027, potentially more than doubling its expected…
- Halfords says first-half sales rose 7.1% as warm weather boosted seasonal demand
Halfords Group PLC (LSE:HFD), the motoring and cycling retailer and garage operator, said like-for-like sales rose 7.1% in the 26 weeks to 2 October…
- CelLBxHealth lands contract with Swiss biotech for clinical study
CelLBxHealth PLC (AIM:CLBX, FRA:DWV) has secured an agreement with a Swiss biotechnology company to support a radiopharmaceutical clinical study, extending the…
- Gelion eyes commercial progress for its sulfur battery technology
Gelion PLC (AIM:GELN, OTC:GELNF, FRA:X0S) told investors it expects to generate its first commercial revenues from its sulfur battery technology in the current…
- Domino’s says third-quarter sales rose 3.5% and keeps full-year expectations
Domino's Pizza Group PLC (LSE:DOM), the UK pizza delivery franchisor, said total system sales rose 3.5% in the quarter to 30 September 2026, with like-for-like…
- Bradda Head says its positioned to create value as lithium assets advance
Bradda Head Lithium Ltd (AIM:BHL), in its interim results statement, highlighted its strengthened cash reserves to US$2.57 million following the firm's July…
- Rainbow Rare Earths highlights fundamental shift in attitudes toward critical minerals
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF, FRA:RR1) describes 2026 as a 'defining period' which has seen a fundamental shift in Western attitudes towards…
- SEGRO says new rent contracted rises 32% as Prologis takeover targets first-half 2027 completion
SEGRO PLC (LSE:SGRO), the FTSE 100 warehouse and data centre landlord, said it had contracted £70 million of new headline rent in the nine months to 30…
- Liontrust says net outflows fall to £459 million as assets slip to £24.1 billion
Liontrust Asset Management (LSE:LIO), the independent active fund manager, said net outflows were £459 million in the three months to 30 September, against…
- Ithaca Energy and Jersey Oil and Gas shares surge as UK approves Jackdaw gasfield
Ithaca Energy PLC (LSE:ITH) shares rose more than 5% and Jersey Oil and Gas PLC (AIM:JOG, OTC:JYOGF) jumped as much as 16% after the UK government approved…
- Halfords shares fall 9% despite strong first-half sales as H2 investment weighs on outlook
Shares in Halfords Group PLC (LSE:HFD), the motoring and cycling retailer and garage operator, fell 9% to 254.50p on Wednesday, down 23.50p from Tuesday’s…
- MARKETS LIVE: London opens lower as inflation climbs above forecasts Update
London stocks pared their opening losses as recruitment, energy and technology shares offset weakness among retailers and rate-sensitive companies.
- Gelion shares rise over 12% as sulfur battery technology advances towards commercialisation
Gelion PLC (AIM:GELN, OTC:GELNF, FRA:X0S) shares rose over 12% to 18p on Wednesday morning after the sulfur battery technology company reported that its £9.6…
- Serabi Gold shares fall 16% as permitting delays force a cut to 2026 production guidance
Serabi Gold (AIM:SRB, TSX:SBI), the Brazilian gold miner, fell 16% to 190p on Wednesday morning, down 35p from Tuesday’s close of 225p, after it cut its 2026…
- GSK wins US approval for hepatitis B drug with potential to achieve functional cure
GSK has secured approval from the US Food and Drug Administration (FDA) for Hibsago, a first-in-class treatment for chronic hepatitis B that can achieve…
- Hochschild Mining on track for full-year targets as Mara Rosa turnaround gathers pace
Hochschild Mining, the London-listed precious metals producer, has reported third-quarter attributable production of 74,004 gold equivalent ounces, with the…
- Aberdeen Group confident on full-year targets as interactive investor delivers strong inflows
Aberdeen Group, the FTSE 100 asset manager, has reported total assets under management and administration (AUMA) of £578.9 billion at the end of September, up…
- HUTCHMED closes GSK cancer therapy licence deal worth up to $1.3 billion
HUTCHMED, the biopharma company, has closed its exclusive licence agreement with GSK, granting the British drugmaker rights to develop and commercialise a…
- Aberdeen assets rise 4% as interactive investor inflows accelerate
Aberdeen Group PLC (LSE:ABDN) reported assets under management and administration of £579 billion at the end of September, up 4% from the end of 2025, as…
- Fresnillo keeps 2026 guidance despite lower third-quarter silver and gold output
Fresnillo PLC (LSE:FRES) maintained its 2026 production guidance after third-quarter silver output fell 12% year on year and gold production declined 11% as…
- Quilter assets jump 19% as net inflows near 2025 full-year record
Quilter PLC (LSE:QLT) reported a 19% increase in assets under management and administration to £161 billion as strong third-quarter inflows pushed its…
- Fresnillo on track for full-year targets despite lower silver and gold output in third quarter
Fresnillo, the world's largest primary silver producer and Mexico's biggest gold miner, has reported lower production in the third quarter but said it remains…
- Ashtead Technology agrees £505m takeover by US infrastructure investor Ember
Ashtead Technology, the subsea equipment rental specialist, has agreed a recommended cash takeover worth approximately £505 million from Ember Infrastructure…
- Segro reports strong letting activity as Prologis merger moves through regulatory process
Segro, the FTSE 100 warehouse and data centre landlord, has reported robust third-quarter trading, with new rents contracted year to date running 32% ahead of…
- Domino's Pizza maintains full-year targets as World Cup boost gives way to steady growth
Domino's Pizza Group, the UK's largest pizza delivery chain, has reported continued trading momentum in its third quarter, keeping it on track to meet…
- MARKETS LIVE: FTSE 100 set to edge higher before UK inflation test
London stocks are expected to open slightly higher as investors await UK inflation and borrowing figures that could influence expectations for the Bank of…
- Ashtead Technology agrees £505 million takeover by Ember at 81% premium
Ashtead Technology Holdings PLC (AIM:AT.) has agreed to a recommended £505 million cash takeover by US private equity firm Ember Infrastructure Management…
- FTSE 100 LIVE: London shares set for subdued start as inflation print takes shine off tech revival
The FTSE 100 is expected to open little changed on Wednesday, with hotter-than-expected UK inflation data offsetting a broadly positive session in Asia.
- Halfords backs upgraded profit guidance as strong summer drives 7% sales jump
Halfords, the motoring and cycling retailer, has reported a 7.1% rise in like-for-like sales for the first half of its financial year, backing the upgraded…
- UK inflation jumps to 3.5% as fuel surge heaps pressure on Bank of England
UK inflation accelerated sharply in September, piling pressure on the Bank of England to raise interest rates and arriving at an uncomfortable moment for…
- Asian markets rebound as Korean chips surge
Asian markets were mostly higher on Wednesday as investors returned to technology and semiconductor stocks following improved sentiment on Wall Street, with…
- Woodside Energy cuts production outlook as Scarborough LNG start window tightens
Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF) has cut the top end of its 2026 production guidance as the window narrows for first LNG from its…