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Thursday preview: Coronavirus, Ashmore Group in focus
Investors are likly to continue to focus on the Chinese coronavirus amid a lacklustre economic calendar around the world.
Europe close: Coronavirus hopes drive sharp gains for stocks
Stocks across the Continent extended their recent rally following reports that researchers were making progress on developing various potential treatments for the new China coronavirus.
Europe midday: Stocks jump amid hopes for Coronavirus treatment
Stocks across the Continent were climbing sharply thanks to reports that researchers were making progress on developing various potential treatments for the new China coronavirus.
London close: Stocks end higher amid hopes for coronavirus vaccine
London stocks finished higher on Wednesday as traders weighed up reports of a breakthrough in developing a vaccine for the new coronavirus against the cold truth that, at least for the moment, there was no known treatment for the potentially fatal illness.
Director dealings: DGOC executives up stakes
Diversified Gas & Oil revealed on Wednesday that chief executive Robert Hutson had bought 160,000 ordinary shares in the AIM-listed crude producer.
GSK reports lower-than-expected Q4 sales and guides lower
Drug giant GlaxoSmithKline posted lower-than-expected fourth quarter sales, although profits were in-line with estimates from analysts in the City.
Broker tips: Card Factory, Antofagasta, DiscoverIE
Card Factory got a boost on Wednesday as Peel Hunt upgraded its stance on shares of the greeting card retailer to ‘hold’ from ‘sell’.
Spotify looking to make profit from podcasts
Spotify is looking to gain more profit from podcasts as it is currently paying out most of its earnings to record labels in royalties.
Watchdog accuses Ryanair of greenwashing and bans low-emissions ads
Ryanair has been accused of greenwashing by the Advertising Standards Authority after misleading claims on advertisements that it was the lowest CO2 polluter among major European airlines.
US open: Stocks open higher as WHO speaks on coronavirus
US stocks opened higher for a third straight session on Wednesday as investors mulled the latest headlines related to the coronavirus outbreak.
FTSE 250 movers: Kaz Minerals boosted by upgrade; Future falls again
London’s FTSE 250 was up 0. 4% at 21,251. 95 in afternoon trade on Wednesday.
ECR Minerals sells Argentina subsidiary Ochre
Precious metals exploration and development company ECR Minerals announced the sale of its wholly-owned Argentina subsidiary Ochre Mining, it announced on Wednesday, which holds the SLM gold project in La Rioja, Argentina.
Echo Energy positive on production at Santa Cruz Sur
Latin America-focussed upstream oil and gas company Echo Energy updated the market on production from its recently-acquired 70% non-operated working interest in the Santa Cruz Sur assets, onshore Argentina on Wednesday.
Deutsche Bank upgrades Antofagasta, Kaz after coronavirus correction
Deutsche Bank upgraded its stance on shares of Antofagasta and Kaz Minerals on Wednesday following the recent correction on concerns about the impact of the coronavirus.
FTSE 100 movers: Smurfit Kappa rallies on results; Imperial Brands hit by warning
London’s FTSE 100 was up 0. 5% at 7,473. 84 in afternoon trade on Wednesday.
Victoria Oil & Gas subsidiary working through 'legacy' issues
Victoria Oil & Gas updated the market on its wholly-owned subsidiary Gaz du Cameroun (GDC) - the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon - on Wednesday.
Bluejay shares rise as it progresses Dundas application
Finland and Greenland-focussed Bluejay Mining updated the market on its exploitation licence application for the Dundas ilmenite Project in Greenland on Wednesday, reporting that the Environmental Agency for Mineral Resource Activities (EAMRA) there had confirmed the environmental impact assessment to be compliant with guidelines for the purposes of public consultation.
Marks & Spencer appoints Katie Bickerstaffe to executive team
Marks & Spencer said on Wednesday that non-executive director Katie Bickerstaffe will be joining the executive team as chief strategy and transformation director on 27 April.
Distribution Finance names Carl D'Ammassa as CEO
Niche lender Distribution Finance named former GE Capital executive Carl D'Ammassa as its new permanent chief executive on Wednesday, as the group's efforts to obtain a bank licence remain ongoing.
Berenberg raises target price on DiscoverIE following 'robust' Q3 update
Analysts at Berenberg upped their target price for electronic components manufacturer DiscoverIE from 530. 0p to 630. 0p on Wednesday, citing the group's "robust" third-quarter trading update from a week earlier.