1. Donald Trump media firm rockets on market debut
Donald Trump’s media group merged with Digital World Acquisition Group and began trading on Tuesday, having soared more than 74%.
2. BP and Shell fall as oil prices continue lower
Brent crude shed 1.3% between Tuesday and Wednesday to sit at US$85.70 a barrel, while West Texas Intermediate slipped 1.2% to US$81.13.
3. Carnival to take $10mln hit from Baltimore bridge collapse
“Given the timing of yesterday's event in Baltimore and the temporary change in homeport, our guidance does not include the current estimated impact of up to $10 million on both adjusted EBITDA and adjusted net income for the full year 2024,” said management.
4. FTSE 100 Live
Blue chips three points lower at 7,927.
5. Martin Sorrell’s S4 Capital undershoots sales target
“Profitability came under pressure due to lower revenue than budgeted and significant cost reductions were made to deliver an operational EBITDA margin of 10.7%, in line with revised targets,” said the group in its earnings statement.