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London close: City remains subdued amid Trump, Johnson concerns
London stocks clawed back some of their earlier losses in afternoon trade on Wednesday, but remained in the red at the close, as political woes on both sides of the pond dented sentiment.
Europe close: Stocks remain weak in afternoon trading
European stocks remained in the red at the close Wednesday, as investors continued to react to the news of an impeachment inquiry into US President Donald Trump, with concerns about Sino-US trade relations also weighing.
Broker tips: Safestay, BBA Aviation
Analysts at Canaccord Genuity reiterated their 'buy' rating on a 50p target price on hostel operator Safestay on Wednesday, but warned that revenue-to-underlying earnings conversion was still "not where it should be".
Springfield and Sigma team up to provide 'hundreds' of homes in Scotland
Scotland-focussed housebuilder Springfield Properties has entered into a collaboration agreement with Sigma PRS Management - a wholly-owned subsidiary and investment adviser of the private rented sector, residential development and urban regeneration specialist Sigma Capital Group.
Cash-strapped Amphion pushes loan due date to September next year
Medical, life science and technology business developer Amphion Innovations has agreed to amend the terms under the loan facility with its debt provider as originally announced on 5 June 2014, and following the most recent amendment on 1 April, it announced on Wednesday.
Block Energy makes progress on drilling programme at West Rustavi
Exploration and production company Block Energy updated the market on operations at its flagship West Rustavi field on Wednesday, where it was pursuing a fully-funded multi-well drilling programme through the 2019-2020 season.
Director dealings: Falanx Group chairman ups stake
Falanx Group revealed on Wednesday that chairman Alexander Hambro had acquired one million ordinary shares in the AIM-listed cybersecurity and defence firm.
Coral Products warns shareholders on currency and trading performance
Coral Products updated the market on its current trading on Wednesday, reporting that four months into the current financial period, sales and profits were below management's expectations.
Alexander Mining proposes sale of sole operating asset
Alexander Mining has completed a review of its operations, it announced on Wednesday, and concluded that it was no longer in the interest of shareholders to continue to provide financial support indefinitely for its mineral processing technology activities, which were carried out by its wholly-owned subsidiary MetaLeach.
Wednesday broker round-up
Frontier Developments: Credit Suisse initiates outperform with a target price of 1,490p.
Shepherd Neame results dented by £10.8m charge
Brewer Shepherd Neame reported a year of positive strategic progress and a solid financial performance in its results on Wednesday, but took a one-off £10. 8m hit from refinancing debt facilities.
1PM boosts dividend as profits remain flat
1PM hiked its final dividend on Wednesday as it reported record revenue but saw profits remain flat due to costs associated with new hires.
UK startup Fidel raises $18m to develop fintech innovation
UK startup Fidel has secured $18m in its first round of funding, it announced on Wednesday, co-led by US-based fintech specialist funds Nyca Partners and QED Investors.
Tik Tok censors videos that displease the Chinese government
Popular Chinese-owned social network TikTok censors videos that address topics at odds with the Chinese politburo's public views, it emerged on Wednesday, such as Tibetan independence or religious group Falun Gong.
Canaccord warns Safestay's EBITDA conversion 'not where it should be'
Analysts at Canaccord Genuity reiterated their 'buy' rating on a 50p target price on hostel operator Safestay on Wednesday, but warned that revenue-to-underlying earnings conversion was still "not where it should be".
FTSE 250 movers: Premier Oil falls, Card Factory climbs
London's FTSE 250 was down 0. 91% at 19,738. 56 in afternoon trade on Wednesday, with Premier Oil leading the index lower.
US open: Mixed start to trading as impeachment fears abound
Wall Street trading began on a mixed note on Wednesday, as Donald Trump faced a formal impeachment inquiry.
Pound slumps amid general election speculation
Sterling slumped on Wednesday, hitting its worst level in nearly two weeks amid speculation about a general election.
Philip Morris and Altria end merger talks
Merger talks between US tobacco companies Philip Morris International and Altria have ended.
US new home sales rise more than expected in August
Sales of new US single-family homes rose more than expected in August, according to data released by the Commerce Department on Wednesday.