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Jefferies says HSBC needs to find 'a new narrative', downgrades to 'hold'
Analysts at Jefferies downgraded HSBC to 'hold' on Wednesday, stating the bank needs to find "a new narrative" as past rate hikes had not transmitted through to margin improvement.
Thursday preview: AstraZeneca results due, ECB policy announcement in focus
It's set to be a scorcher in London on Thursday, with things hotting up on the corporate front as well as a slew of earnings are due to roll in, while the latest policy announcement from the European Central Bank will also be eyed.
UK's Hammond quits as finance minister
Britain's Finance Minister Philip Hammond quit his post on Wednesday as expected, and before Boris Johnson arrival at Downing Street as prime minister.
Rathbone Brothers hits record funds under management
Wealth manager Rathbone Brothers said total funds under management reached a record £49. 2bn, an 11. 6% rise in the six months to June 30, despite volatile investment markets.
CMA to investigate JD Sports takeover of Footasylum
The Competition and Markets Authority said on Wednesday that it has launched an investigation into JD Sports' takeover of Footasylum.
GlaxoSmithKline lifts full-year earnings guidance as Q2 profits rise
GlaxoSmithKline said on Wednesday that full-year earnings are set to drop less than it previously expected, as it posted a rise in second-quarter sales and profits.
Draper Esprit pleased with performance as it seeks further opportunities
Venture capital company Draper Esprit updated the market on its current trading on Wednesday, telling investors that the year ended 31 March was “transformational”, adding that in the first four months of the current year it had continued to build on its positive momentum with “strong progress” across the portfolio.
Brooks Macdonald pleased with performance despite weak client sentiment
Investment management company Brooks Macdonald Group updated the market on its trading on Wednesday, reporting positive net flows and investment performance over the year ended 30 June.
Quartix Holdings revenue and earnings slip in first half
Vehicle tracking systems supplier Quartix Holdings reported a 3% fall in group revenue in its half-year results on Wednesday, to £12. 5m.
Caledonia Mining Corporation completes central shaft sinking at Blanket
Caledonia Mining Corporation announced on Wednesday that the shaft sinking at the new central shaft at Blanket Mine has been completed.
Volex refinances $30m revolving credit facility
Volex has refinanced its $30m (£23. 99m) revolving credit facility, it announced on Wednesday, which was due to expire in July.
US and China expected to rekindle trade negotiations
United States negotiators are expected to travel to China next week, it emerged on Wednesday, as the two nations re-enter discussions for another attempt to end their long-running trade war.
Nissan plans to cut 10,000 jobs worldwide
Carmaker Nissan announced plans to cut more than 10,000 jobs globally on Wednesday, doubling the layoffs it previously announced in May.
Netcall revenues boosted by increased cloud services bookings
Customer engagement software group Netcall expects full-year revenues to have moved ahead in its last trading year, driven by an impressive increase in cloud services bookings, it said on Wednesday.
Asia report: Markets finish higher on renewed US-China trade hopes
Markets in Asia finished mostly higher on Wednesday, on renewed hopes that the ongoing trade war between the United States and China could be inching closer to a resolution.
Sports Direct rallies as it says delayed results will meet guidance
Shares in Sports Direct surged on Wednesday after the retailer said that its delayed full-year results will be published on Friday and confirmed that they will be in line with the guidance it gave back in December.
Sopheon shares slide following drop in interim revenues
Shares of software services provider Sopheon slumped on Wednesday after it reported a significant year-on-year decline in interim revenues.
London midday: Stocks extend losses as miners slump; ITV bucks trend
London stocks had extended losses by midday on Wednesday, weighed down by weakness in the mining sector.
US pre-open: Futures point to losses as investors look ahead to US-China trade talks
Wall Street futures pointed to losses at the open on Wednesday as market participants began to look ahead to face-to-face talks between American and Chinese negotiators next week.
Polymetal's gold production jumps thanks to new Kazakh mine
Polymetal International posted a second-quarter increase in gold production on Wednesday after a strong contribution from the Kyzyl mine in Kazakhstan, which started producing last year.