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Countrywide rejects Connells offer
Countrywide said on Wednesday that it has rejected a possible 250p a share takeover approach from real estate management company Connells and that it is in talks with private equity group Alchemy Partners about a possible cash injection.
London open: Stocks steady as vaccine news fails to provide a boost
London stocks were little changed in early trade on Wednesday as investors paused for breath following strong gains in the previous session, with news the UK has approved Pfizer’s Covid-19 vaccine for rollout next week failing to boost markets.
Wizz Air passenger numbers slump 85% in November
Budget airline Wizz Air reported a slump in November traffic on Wednesday as passenger numbers continue to be dented by the Covid-19 pandemic and related restrictions.
Ryanair traffic slides in November as Covid continues to take its toll
Budget airline Ryanair said on Wednesday that passenger numbers slid in November as it continued to take a hit from the Covid-19 crisis and related travel restrictions.
London pre-open: Stocks seen lower but vaccine news could provide a lift
London stocks were set to fall at the open on Wednesday following strong gains in the previous session, but sentiment was likely to get a boost from news the UK has approved Pfizer’s Covid-19 vaccine for rollout next week.
Wednesday newspaper round-up: Retailers, vaccine approval, Caffe Nero
For nearly a month festive shop windows and twinkling fairy lights have been wasted on empty high streets but that changes on Wednesday when the end of shopping restrictions in England hands retailers 23 days to save Christmas. Retailers have drawn up the battle plans they hope will enable them to safely concertina two months’ worth of Christmas shoppers into a Covid-secure one, from round-the-clock shopping in Primark to virtual queues outside John Lewis. - Guardian .
FTSE 250 movers: Gold miners rise; AO World falls
London’s FTSE 250 was up 2% at 19,716. 24 in afternoon trade on Tuesday.
FTSE 100 movers: Precious metals miners shine; Hikma loses ground
London’s FTSE 100 was up 1. 8% at 6,379. 45 in afternoon trade on Tuesday.
Jefferies upgrades AA after takeover offer
Jefferies upped its rating on AA shares to ‘hold’ from ‘underperform’ on Tuesday as it hiked its price target to 35p form 5p based on the 35p a share cash offer from a consortium of TowerBrook Capital Partners and Warburg Pincus.
The UK is a buy, says Goldman Sachs
UK domestic equities are buy, Goldman Sachs said in a strategy note on Tuesday, as it pointed to a sharp economic recovery next year.
AdaptHealth to buy AeroCare for $2bn
US home healthcare equipment provider AdaptHealth has agreed to buy respiratory and home medical equipment distribution platform AeroCare for around $2bn in cash and shares.
London midday: Stocks extend gains on vaccine optimism, manufacturing data
London stocks had extended gains by midday on Tuesday, with sentiment underpinned by vaccine hopes and solid UK and China manufacturing data.
Grafton buys wooden staircase maker StairBox for £44m
Building materials distributor Grafton has announced the acquisition of bespoke wooden staircase manufacturer StairBox for £44m.
Debenhams to be wound down as JD Sports ends rescue talks
It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green’s Arcadia retail group went into administration.
London open: Stocks rally on vaccine hopes, China data
London stocks rallied in early trade on Tuesday, with sentiment underpinned by vaccine hopes and solid manufacturing data out of China.
Tate & Lyle buys stevia solutions business Sweet Green Fields
Tate & Lyle said on Tuesday that it has bought Sweet Green Fields (SGF), a stevia sweetener solutions business, for an undisclosed sum.
Credit Suisse names outgoing Lloyds CEO as new chairman
Credit Suisse has named outgoing Lloyds Banking Group chief executive António Horta-Osório as its new chairman.
London pre-open: Stocks seen higher ahead of manufacturing PMI
London stocks were set to kick December off on the front foot on Tuesday, taking their cue from a positive session in Asia, as investors eyed the latest reading on the UK manufacturing sector.
Tuesday newspaper round-up: Savers, Arcadia, Olympia
Millions of UK savers are currently on the hunt for a better deal, but the bad news is that savings rates are in turmoil. The government-backed NS&I is seeing an exodus of savers after cutting returns last week – prompting a domino effect among other providers. Financial data website Moneyfacts. co. uk said that over the past fortnight there had been a string of rate cuts to sought-after instant access accounts. - Guardian.
FTSE 250 movers: Frasers Group slumps; Dunelm boosted by upgrade
London’s FTSE 250 was down 0. 2% at 19,419. 31 in afternoon trade on Monday.