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Eddie Stobart Logistics insisted it was back on a stable footing on Wednesday, after the embattled haulage firm finally published long-delayed results and resumed trading on the London Stock Exchange.
Shares in the London Stock Exchange came under pressure on Wednesday, after fears emerged that its multi-billion pound takeover of Refinitiv could be subject to a longer-than-expected probe by regulators.
Berenberg has reiterated is ‘sell’ rating on HSBC, arguing the blue chip bank’s premium valuation is “unjustified”.
BP is pulling out of three American trade associations as part of its green overhaul, the British oil giant confirmed on Wednesday.
Shop prices continued to fall in February, research published on Wednesday showed, driven lower by weak consumer demand and stiff competition.
Weir Group is to offload its battling oil and gas business after an impairment charge pushed the mining and energy equipment specialist into the red.
A strong run up to Christmas helped Macy’s beat fourth-quarter forecasts, the American US department store chain confirmed on Tuesday.
HP is “reaching out” to Xerox over its rebuffed $35bn hostile takeover bid, the US tech giant confirmed, as it unveiled plans to return up to $16bn to shareholders.
Retailers are planning to ramp up investment this year, a widely-watched survey revealed on Tuesday, despite the poor start to 2020 extending into February.
Canaccord Genuity has slashed its price target on SIG, arguing that the British building materials group is currently “uninvestable”.
The financial fallout from the coronavirus already being felt in the first quarter across the transport and logistics sector could increase well into the second, Berenberg warned on Tuesday.
Berenberg has upped its rating on Greencore Group, arguing that the convenience food manufacturer remains under-appreciated despite exiting the burdensome US market.
Opec has cut its forecasts for oil demand in 2020, over concerns that the coronavirus outbreak will weigh heavily on the global economy.
Eurozone industrial production slumped in December, as the monetary union’s beleaguered economy continued to be buffeted by global headwinds.
Nissan is suing its fugitive former chairman Carlos Ghosn for $90. 0m, the Japanese car giant announced on Wednesday.
The UK competition watchdog has launched a probe into Kingspan Holdings’ proposed £37. 5m acquisition of Building Solutions from SIG.
Shares in Arbuthnot Banking rallied in morning trading on Wednesday, after the 184-year old company said full-year profits would come in at the upper end of expectations.
Credit Suisse has initiated full coverage of the UK banking sector, upgrading HSBC to ‘outperform’ in the process.
Barclays has upgraded its recommendation for Boohoo, predicting that strong earnings momentum at the online fashion brand is set to continue.
RBC Capital Markets has cut its rating on both Antofagasta and Rio Tinto as the coronavirus outbreak weighs down global demand for commodities.