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Wednesday newspaper round-up: Airlines, probate, Elon Musk
At least 100,000 “ghost flights” could be flown across Europe this winter because of EU airport slot usage rules, according to analysis by Greenpeace. The deserted, unnecessary or unprofitable flights are intended to allow airlines to keep their takeoff and landing runway rights in major airports, but they could also generate up to 2. 1 million tons of greenhouse gas emissions – or as much as 1. 4 million average petrol or diesel cars emit in a year – Greenpeace says.
FTSE 250 movers: Travel shares gain; Playtech loses ground
London’s FTSE 250 was up 1. 6% at 21,980. 48 in afternoon trade on Wednesday.
FTSE 100 movers: IAG flies higher; Fresnillo loses its shine
London’s FTSE 100 was up 1. 9% at 7,511. 55 in afternoon trade on Wednesday.
Berenberg cuts abrdn to ‘hold’, says core growth may remain slow
Berenberg downgraded abrdn on Wednesday to ‘hold’ from ‘buy’ and cut the price target to 260p from 285p.
Stifel upgrades easyJet to 'buy'
Stifel upgraded shares of budget airline easyJet on Wednesday to ‘buy’ from ‘hold’ and lifted the price target to 750p from 600p, saying it expects the company’s targeted growth strategy to make the most of the unfolding pent-up leisure demand this summer.
London midday: Travel shares pace advance ahead of Fed announcement
London stocks had extended gains by midday on Wednesday, boosted by a strong performance from the travel sector, as investors eyed the latest policy announcement from the US Federal Reserve.
Deltex Medical wins key Americas contract
Deltex Medical said on Wednesday that it has received a $200,000 order from a key distributor in the Americas for the current generation TrueVue monitors.
London open: FTSE rallies as investors eye Fed announcement
London stocks rallied in early trade on Wednesday as investors eyed the latest policy announcement from the US Federal Reserve.
Pets at Home upgrades full-year profit expectations
Pets at Home upgraded its full-year profit expectations on Wednesday following "continued growth momentum" in the third quarter.
IG Design warns over full-year earnings
IG Design tumbled on Wednesday after it warned that full-year earnings would be "significantly" below market expectations and that there would be no final dividend, citing higher costs and lower craft sales in the final quarter.
CMC Markets backs FY guidance after in-line Q3
CMC Markets backed its full-year guidance on Wednesday as it said its performance in the third quarter was in line with expectations.
London pre-open: Stocks seen up ahead of Fed announcement
London stocks were set to rise at the open on Wednesday as investors eyed the latest policy announcement from the US Federal Reserve.