Banking crisis re-visited?
US Q4 earnings are in full swing. First Republic shares were down 49% as the banking crisis re-appeared, and the broader market was weaker with several disappointing updates, including UPS, GM and Dannaher.
However, the after-hours big-tech results might steady nerves. Microsoft and Alphabet both reported more resilient results than expected.
UK Company News
James Fisher has agreed to new banking facilities and reported Q1 trading is in line with expectations.
Sanderson Design announced H1 results.
Learning Technologies reported in-line results but guided lower.
Ecora reported revenues of US$29.6m for 1Q23, driven by better than expected coking coal prices.
Hyve has received an increased offer from Providence Equity.
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