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US close: Stocks higher following better-than-expected data
Wall Street stocks closed higher on Wednesday as better-than-expected macro data and comments from a top Fed official boosted sentiment.
Broker tips: Ascential, BAE Systems, Centrica
Analysts at Berenberg downgraded business-to-business media firm Ascential from 'buy' to 'hold' on Wednesday and slashed their target price on the stock to 290. 0p from 450. 0p, stating it was now "cutting losses".
US open: Stocks trade higher at the opening bell
Wall Street stocks were in the green early on Wednesday as strained US-Sino relations remained in focus.
Berenberg downgrades Ascential to 'hold', slashes target price
Analysts at Berenberg downgraded business-to-business media firm Ascential from 'buy' to 'hold' on Wednesday and slashed their target price on the stock to 290. 0p from 450. 0p, stating it was now "cutting losses".
US pre-open: Futures trade higher despite strained US-Sino relations
Wall Street futures were in the green ahead of the bell on Wednesday as strained US-Sino relations remained in focus.
EU retail sales fall 1.2% in June
Retail sales in the Euro Area dropped 1. 2% month-on-month in June, according to Eurostat, the steepest decline year-to-date and significantly worse than expectations of an unchanged print.
IP Group swings to H1 loss
Intellectual property investor IP Group reported a first-half loss of £309. 9m on Wednesday, a marked reversal when compared to the £116. 5m interim profit recorded at the same time a year earlier.
CLS Holdings disposes of three properties
Commercial property investor CLS Holdings said on Wednesday that it sold two properties in the UK and one in France for a combined total of almost £40. 0m.
Taylor Wimpey FY profits seen at top end of consensus, Rolls-Royce gets green light for sale of ITP Aero
London pre-open The FTSE 100 was being called to open 18. 7 points lower ahead of the bell on Wednesday after closing out the previous session just 0. 06% softer at 7,409. 11.
Rolls Royce's sale of Spanish subsidiary gets green light from government
Engine manufacturer Rolls-Royce said on Wednesday that the Spanish government had approved the sale of its ITP Aero subsidiary to a consortium of investors led by Bain Capital Private Equity.