Antofagasta (LON:ANTO) shares dropped on Wednesday morning, despite a rise in both copper and gold production in the second quarter. Copper production rose by 6.1 percent in the second quarter to hit 163,200 tonnes, with output rising across all operations. However, the news was weighed by an 8.5 percent fall in copper output on a half year basis, due to the lower grades of the metal mined. Gold production also saw a hefty increase of 22.9% to 39,700 in Q2, but again saw a weaker performance on a half year basis. First half output fell by 35.8 percent to 72,000 ounces. Molybdenum production fell by 9.7% to 2,800 tonnes for the quarter. Despite the weak half-yearly performance, guidance for the full year remained unchanged. Group copper production for the full year is expected to be between 705,000 tonnes and 740,000 tonnes. Cost guidance for the full year remained unchanged with net cash costs expected to come in at $1.35 per lb. Shares in Antofagasta (LON:ANTO) fell by 1.40 percent to 960.80 in early trading (0857GMT).

Shares in budget airline Wizz Air (LON:WIZZ) tumbled over 6 percent on Wednesday morning, after industrial action from air traffic controllers impacted quarterly results. Profit for the three months through June fell to €50 million, despite recording an 18 percent rise in revenue to €553.4 million. The group blamed the fall in profits on air traffic strikes, saying an ‘unprecedented number of disruptions’ caused mainly by European air traffic control issues led to a five-fold increase in cancellations to 145 by Wizz Air. Passenger delay and compensation costs tripled to €9.1 million. Operating expenses also increased by 23 per cent to €499 million, with both staff and fuel costs up by around a third. Chief executive Jozsef Varadi said: “This was a very solid performance given the absence of high yielding Easter traffic which fell into the end of the last financial year as well as a backdrop of significant challenges caused by European air traffic control issues. “With these disruptions likely to continue into autumn and on the back of a continued rise in fuel prices in the first quarter the company took the decision to trim its full year growth target from 20 percent to 18 percent.’ “Wizz is well positioned to deliver in 2019 and beyond and we remain confident in our full-year guidance of €310-to-€340 million net profit for the year.” Shares in Wizz Air are currently down 6.13 percent at 3,340.00 (0841GMT).

Vodafone (LON:VOD) reported falling revenue growth in the first quarter on the back of a weak performance in Italy and Spain, but reiterated its full-year annual earnings guidance. Revenue dropped by 4.9 percent in the first quarter of the year, led by a 1.3 percent decline in organic sales revenue in Europe and a 22.3 percent decline in India. Revenue in Italy alone dropped by 6.7 percent. However, this was largely offset by a 7 percent growth in Africa, the Middle East and Asia Pacific. Vodafone stuck to its annual guidance for underlying organic adjusted Ebitda growth of 1-5%, and free cash flow pre-spectrum of at least €5.2 billion. “The group’s organic service revenue growth slowed during the first quarter, in line with expectations,” chief executive Vittorio Colao said. “The majority of our operations performed well, with ongoing momentum in Germany, further underlying recovery in the UK and continued good growth in AMAP, all of which helped to offset increased competition in Italy and Spain.” Colao said Vodafone’s commercial performance was solid, marked by further broadband market share gains in Europe. “In India, where competition remains intense, we have now received conditional approval from the Department of Telecoms for the merger of Vodafone India and Idea Cellular, which we aim to close before the end of August, allowing us to unlock substantial synergies.” Shares in Vodafone are currently trading largely flat on the news, down 0.28 percent at 177.16 (0825GMT).

Shares in ITV (LON:ITV) fell in early morning trading on Wednesday, after a mixed set of third quarter results and the announcement of a new growth strategy. First-half adjusted profit fell by 7 percent, but revenue rose by 8 percent. Total EBITA was down 7 percent to £375 million, but broadcast and online revenues rose 3 percent to £1.05 billion. The group benefitted from revenue growth across all areas, with first-half total advertising revenue up 2 percent as expected and total non-advertising revenue growth of 14 percent to £958 million. The group announced its new strategy for growth, ‘More than TV’, focusing on strengthening the integrated producer broadcaster (IPB), Growing UK and Global production and creating a scaled direct to consumer business, the company said. It will cut costs and make the company more competitive in the internet age, generating double digit online revenue growth per year and growing direct to consumer revenues to at least £100 million by 2021. “These revenue benefits will more than cover the net impact, but will be back end loaded,” the company said. Shares in ITV are currently down 0.26 percent at 170.00 (0815GMT).

Shares in Fever Tree soared 15 percent to an all-time high of £39.87, following strong sales for the first six months of 2018. The jump in shares and smashed forecasts led to the up-market drinks maker being valued at £4.5 billion on Tuesday. “Whilst this is a notable achievement, there remains a significant opportunity in front of us across all our regions as Fever Tree continues to drive the evolution of the mixer category,” said Tim Warrillow, the group’s co-founder and chief executive. Sales in the tonic water have soared in the past year on the back of the growing popularity of gin, in which sales have doubled over the past six years. Profits for the first six months of 2018 increase by a third to £34 million. Sales were up 45 percent to £104 million. Fever Tree has signed two new distribution arrangements this year, with Southern Glazer based in the US and with Spain’s Grupo Damm, the maker of Estrella Damm beer. Rolls has gained over £150 million through share sales since the company’s stock market floatation in 2014. Shares (LON: FEVR) are trading up 5.64 percent at 3650 pence (1713GMT).

Shares in Tesla fell five percent on Monday after the electric car maker was found to have asked some US suppliers to return payments. In a memo obtained by the Wall Street Journal, a global supply manager was asked to return a “meaningful amount of money of its payments since 2016.” The news comes after the group have announced plans to cut several thousand jobs in an effort to reduce costs. In a statement released on Monday, Tesla said: “Negotiation is a standard part of the procurement process, and now that we’re in a stronger position with Model 3 production ramping, it is a good time to improve our competitive advantage in this area.” “We’re focused on reaching a more sustainable long term cost basis, not just finding one-time reductions for this quarter, and that’s good for Tesla, our shareholders, and our suppliers who will also benefit from our increasing production volume and future growth opportunities.” “We asked fewer than 10 suppliers for a reduction in total capex project spend for long-term projects that began in 2016 but are still not complete, and any changes with these suppliers would improve our future cash flows, but not impact our ability to achieve profitability in Q3. The remainder of our discussions with suppliers are entirely focused on future parts price and design or process changes that will help us lower fundamental costs rather than prior period adjustments of capex projects. This is the right thing to do,” the statement finished. In May, Tesla said the group expected a positive GAAP net income by its third and fourth quarters. Data compiled by Bloomberg has shown the company has been blowing through $7,430 every minute – equating to about $1 billion a quarter. Shares in the group have been volatile, falling from a high of $370 in mid-June to around $301 on Monday. Shares recently took a plunge after Elon Musk launched a personal attack on the rescue worker who offered to rescue the team of Thai soccer players from a system of flooded caves. Shares in the group also plunged in early May after Musk responded to analyst questions by saying they were “so dry. They’re killing me.” The comment led to Tesla’s stock decline by six percent in about a 20-minute period. Shares in the group (NASDAQ: TSLA) are currently trading down 3.31 percent at 30320 (0939GMT).