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The Market Wire

Wednesday, 21 October 2026

  1. 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…

  2. 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…

  3. 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…

  4. 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…

  5. 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…

  6. 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…

  7. 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…

  8. 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…

  9. 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…

  10. 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.

  11. 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…

  12. 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…

  13. 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.

  14. 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…

  15. 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…

  16. 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…

  17. 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…

  18. 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…

  19. 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…

  20. 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…

  21. 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…

  22. 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…

  23. 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…

  24. 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…

  25. 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…

  26. 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…

  27. 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…

  28. 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…

  29. 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…

  30. 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…

  31. 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.

  32. 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…

  33. 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…

  34. 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…

  35. 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…

  36. 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…

  37. 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…

  38. 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…

  39. 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…