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US close: Mixed performance on the Street as earnings remain in focus
US stocks turned in a mixed performance on Wednesday as corporate releases continued to stream in and focus remained on the spread of a deadly virus in China.
Director dealings: Dev Clever founder lowers stake
Dev Clever Holdings revealed on Wednesday that chief executive Christopher Jeffries had sold 50,000,000 ordinary shares in the London-listed digital innovation group.
London close: Stocks fall and pound gains as manufacturing optimism rises
London’s benchmark remained in the red by the close on Wednesday, as sterling was positive against its major pairs after the latest manufacturing survey from the Confederation of British Industry.
Europe close: Markets falter as Trump renews EU tariff threats
Stocks on the continent remained below the waterline as markets closed on Wednesday, after the US president renewed his threat of trade tariffs against the European Union.
Broker tips: Experian, N Brown, Ferguson, Travis Perkins
Morgan Stanley upped its rating on shares of credit-checking firm Experian to ‘overweight’ from ‘equalweight’ on Wednesday as it pointed to a change in regulation in Brazil that should benefit the group.
SDX Energy posts decent rise in production for 2019
Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its operations and finances for 2019 on Wednesday, reporting full-year production of 4,020 barrels of oil equivalent per day (boepd) was 12% higher than 2018.
Regency Mines upbeat on progress at Mambare
Battery metals-focussed natural resource exploration and development company Regency Mines updated the market on its flagship Mambare nickel-cobalt project on Wednesday, following recent successful partner engagements.
Morgan Stanley upgrades Experian on Brazil opportunity
Morgan Stanley upped its rating on shares of credit-checking firm Experian to ‘overweight’ from ‘equalweight’ on Wednesday as it pointed to a change in regulation in Brazil that should benefit the group.
FTSE 250 movers: IP rallies; Close Brothers slumps on update
London’s FTSE 250 was up 0. 1% to 21,773. 47 in afternoon trade on Wednesday.
US open: Dow breaches 29,300 again as traders look past coronavirus outbreak
US stocks opened higher on Wednesday as corporate releases continued to stream in and investors shrugged off concerns about the spread of a deadly virus in China.
Deltex Medical revenue falls as it 'stabilises' business
Oesophageal Doppler monitoring company Deltex Medical Group updated the market on its trading for 2019 on Wednesday, reporting “good progress” with the execution of its new strategy.
Di Maio quits as 5-Star leader revealing divisions within party
Luigi Di Maio, leader of Italy’s 5-Star movement, one of two parties in the coalition government, resigned on Wednesday, revealing divisions within the party and stoking political tensions.
FirstGroup's South Western Railway could be stripped of franchise
The transport secretary described the South Western Railway franchise as “not sustainable” on Wednesday, warning that the operation based at London Waterloo could be nationalised.
US threatens retaliatory levies if UK presses ahead with digital tax
Tensions between London and Washington were growing on Wednesday after the US threatened to impose retaliatory tariffs if the UK introduced a tax on technology companies.
Europe midday: Stocks dip as US brandishes tariff threat
Stocks on the Continent had reversed course by the early afternoon amid after the US President renewed his threat of trade tariffs against the European Union.
Xiaomi still considering entering US market regardless of trade war
China's Xiaomi is still considering entering the US market despite America's stance against technology firms from the Asian giant and the ongoing trade war.
Transport secretary evaluating alternatives to HS2
The future of the HS2 high-speed rail project was cast into further doubt on Wednesday, as transport secretary Grant Shapps delayed his decision over its future, and reiterated he was looking at alternative options.
FTSE 100 movers: Berkeley builds gains; Burberry falls on update
London’s FTSE 100 was down 0. 4% at 7,582. 34 in afternoon trade on Wednesday.
Jeff Bezos's phone hacked by crown prince of Saudi Arabia
The Amazon founder Jeff Bezos has suffered a mobile hack in 2018 by the crown prince of Saudi Arabia, reported the Guardian on Wednesday.
Wednesday broker round-up
Experian: Morgan Stanley upgrades to overweight with a target price of 2,950p.