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FTSE 100 movers: Kingfisher rallies; Rolls-Royce retreats
London’s FTSE 100 was up 1. 4% at 6,386. 16 in afternoon trade on Wednesday, posting its eighth straight session of gains.
UBS downgrades InterContinental Hotels, says recent rally was premature
UBS cut its stance on InterContinental Hotels on Wednesday to ‘sell’ from ‘neutral’, arguing that the recent rally was premature, new risks are underappreciated and the stock is "priced for perfection in an uncertain recovery".
Berenberg upgrades Shell to 'buy'
Berenberg upgraded its stance on shares of oil giant Royal Dutch Shell to ‘buy’ from ‘hold’ on Wednesday, noting the stock has fallen around 50% this year.
McCarthy & Stone completions, sales drop due to Covid-19
Retirement housebuilder McCarthy & Stone said on Wednesday that it was on course for a full-year underlying loss in line with its expectations as it reported a slump in completions and revenue and said it was being increasingly affected by Covid-19 and related government restrictions.
RBC Capital upgrades UDG Healthcare to 'outperform'
RBC Capital Markets upgraded its rating on shares of UDG Healthcare on Wednesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 880p from 800p, saying it was "time to get more positive".
London midday: Stocks push higher as vaccine hopes underpin sentiment
London stocks had extended gains by midday on Wednesday as optimism over a Covid-19 vaccine continued to underpin sentiment.
JPMorgan downgrades Croda on valuation
JPMorgan Cazenove downgraded its stance on shares of specialty chemicals company Croda International on Wednesday to ‘underweight’ from ‘neutral’, pointing to an expensive valuation and already full 2021 consensus.
London open: Stocks gain for eighth session in a row
London stocks rose in early trade on Wednesday, but the gains were muted compared to previous sessions, when markets surged on optimism over a Covid-19 vaccine.
Workspace swings to loss as customers vacate, downsize due to Covid
Workspace said on Wednesday that it swung to a loss in the first half, with income hit as customers vacated or downsized due to the Covid-19 pandemic, as it deferred a decision on dividend payments.
Coca-Cola HBC hails 'strongly improved' trading in Q3
Coca-Cola HBC hailed "strongly improved" third-quarter trading on Wednesday amid a recovery in the out-of-home channel and growth in the at-home channel.
London pre-open: Stocks seen muted after vaccine-fuelled rally
London stocks were set for a muted open on Wednesday as investors pause for breath after strong gains on the back of Covid-19 vaccine optimism.
Wednesday newspaper round-up: Gambling industry jobs, foreign takeovers, luxury brands
Two Conservative MPs have accepted jobs with the gambling industry worth tens of thousands of pounds before a government review of betting laws, the Guardian can reveal. The Ladbrokes owner, GVC, paid Philip Davies £33,320, or £396 an hour, for “providing advice on responsible gambling and customer service”, according to parliamentary disclosures. - Guardian .