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FTSE 250 movers: Diploma boosted by acquisition; PZ Cussons drops
London’s FTSE 250 was up 1. 1% at 17,011. 68 in afternoon trade on Wednesday.
Ryanair and Wizz are 'best plays for recovery', says Morgan Stanley
Morgan Stanley lifted its price targets on budget airlines Ryanair and Wizz Air as it argued that they remain "the best plays for recovery".
FTSE 100 movers: Rolls-Royce recovers; gold miners fall
London’s FTSE 100 was up 1. 4% at 5,910. 83 in afternoon trade on Wednesday.
Diploma surges after raising £190m to help fund US acquisition
Diploma shares surged on Wednesday after the company successfully raised around £190m in a placing to help fund the acquisition of US-based wire and cable distributor Windy City Wire Cable and Technology Products and said it will pay a dividend.
Joules hails 'encouraging' Q1 performance as sales drop 18%
Clothing retailer Joules reported an 18% decline in first-quarter group revenue on Wednesday but said this was an "encouraging" performance against a tough backdrop.
UK's post-lockdown recovery loses momentum in September
The UK’s post-lockdown recovery lost momentum in September, according to figures released on Wednesday.
London midday: Stocks extend gains despite disappointing PMIs
London stocks had extended gains by midday on Wednesday as investors brushed aside news that the UK’s post-lockdown recovery was losing steam.
Warpaint H1 losses widen as Covid-19 dents revenues
Cosmetics company Warpaint London reported a widening of its losses in the first half as it took a hit from the pandemic, but declared an interim dividend thanks to "good cash control".
London open: Stocks rise after US gains, ahead of PMIs
London stocks rose on Wednesday, taking their cue from technology-led gains on Wall Street as investors eyed the latest readings on the UK manufacturing and services sectors.
Platinum Equity not making offer for AA
Platinum Equity said on Wednesday that talks with the board of roadside assistance company and insurer AA have ended "by mutual agreement" and that it does not plan to make an offer for the business.
Relx appoints Paul Walker as next chair
Relx said on Wednesday that Paul Walker will succeed Sir Anthony Habgood as chair.
London pre-open: Stocks seen higher after US gains
London stocks were set to rise at the open on Wednesday following an upbeat session on Wall Street, as investors eyed the latest readings on the UK manufacturing and services sectors.
Wednesday newspaper round-up: Facebook, Tesla, Asda
The chancellor, Rishi Sunak, is weighing up plans to replace the furlough scheme with German-style wage subsidies as part of a wider emergency support package to help businesses through a second wave of Covid-19. Sources from business and industry told the Guardian that the Treasury has been consulting on options for the end of the furlough scheme as concerns mount over increasing numbers of job losses, and as rising infections and tougher restrictions risk derailing Britain’s economic fightback from the pandemic.