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London’s FTSE 250 was up 0. 9% at 19,697. 46 in afternoon trade on Wednesday.
London’s FTSE 100 was up 0. 3% at 6,385. 59 in afternoon trade on Wednesday.
Financial advisor and property services consultancy Begbies Traynor said on Wednesday that full-year results are set to be "at least in line" with current market consensus for adjusted pre-tax profit of £9. 8m.
Agricultural supplies company Wynnstay said on Wednesday that FY 2020 underlying pre-tax profit is set to be "significantly ahead" of current market forecasts after better-than-expected trading since June.
London stocks had ticked a little higher by midday on Wednesday as investors mulled UK inflation data and the latest news on the Covid-19 vaccine being developed by Pfizer and BioNTech.
UK inflation edged higher in October as the price of clothing rose, according to figures released on Wednesday by the Office for National Statistics.
Berenberg downgraded easyJet to ‘hold’ from ‘buy’ on Wednesday, arguing that upside is more limited because the shares have rebounded more than 40% since 9 November.
Barclays upgraded its stance on shares of Virgin Money on Wednesday to ‘overweight’ from ‘underweight’ and hiked the price target to 165p from 100p.
Investment platform Hargreaves Lansdown was under the cosh on Wednesday after an offering of 6. 7m shares by co-founder Stephen Lansdown was priced at 1,535p per share, which is a 5% discount to the closing share price on Tuesday.
London stocks edged lower in early trade on Wednesday as investors digested the latest UK inflation figures, with worries about rising coronavirus cases and tighter restrictions continuing to weigh on sentiment.
Spirax-Sarco Engineering backed its full-year expectations on Wednesday as it reported an improvement in third-quarter trading.
London stocks were set to fall at the open on Wednesday amid concerns about rising coronavirus cases and the impact of lockdowns and restrictions on the economy.
Failure to strike a post-Brexit trade deal would cut the UK’s economic growth rate by more than half next year, delaying a full recovery from the coronavirus pandemic, according to a report. The accountancy firm KPMG said the economy would suffer heavily should the UK fail to secure a trade deal with the EU before the end of the Brexit. - Guardian.