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Europe close: Shares rally as coronavirus cases continue slowing
Stocks finished near their best levels of the session, buoyed by news of a further slowdown in the rate of both new and existing coronavirus cases in China.
Thursday preview: EU budget talks, Anglo American in focus
The market spotlight on Thursday will be on the European Union budget talks as the remaining 27 members try to cover a near €60. 0bn funding gap for the next seven-year multi-annual financial framework.
London close: Stocks snap higher as coronavirus cases continue to slow
London stocks were firmly in the green on Wednesday as concerns about the coronavirus eased and as investors mulled news that UK inflation hit a six-month high in January.
Chancellor must protect cash economy to stave off collapse
Britain's cash economy is close to collapse and campaigners have called on incoming Chancellor Rishi Sunak to ensure that access to cash is protected in the new budget.
Director dealings: AstraZeneca director makes share purchase
AstraZeneca revealed on Wednesday that non-executive director Michel Demare had acquired 700 ordinary shares in the FTSE 100-listed pharmaceutical giant.
Broker tips: Royal Mail, Berkeley Group, Plus 500
Royal Mail was under pressure on Wednesday as Liberum reiterated its ‘sell’ rating on the stock and slashed the price target to 120p from 175p, arguing that the company’s strategy is undeliverable.
Mereo BioPharma enters securities agreement with institutional investor
Mereo BioPharma Group has entered into a securities purchase agreement with a new US-based institutional healthcare investor, it announced on Wednesday.
Attis updates market on Fort Worth Field and asset sales
Attis Oil and Gas updated the market on the Fort Worth Field in Texas on Wednesday, of which it is a 50% joint venture owner with APEG Palo Pinto.
Strix reassures shareholders over coronavirus
Kettle controller company Strix Group said on Wednesday that it is continuing to closely monitor developments around the outbreak of the Covid-19 coronavirus in China, and has put appropriate measures in place.
US open: S&P 500 hits all-time high as investors shrug off coronavirus fears
US stocks opened higher on Wednesday, with the S&P 500 hitting a fresh all-time high as market participants remained largely focused on the potential economic fallout of the Wuhan coronavirus outbreak.
Finablr's independent directors ask founder to clarify stake in payments platform
Two of Finablr's independent directors have formally asked the company's founder and his family to clarify their holdings in the payments and foreign exchange platform's shares.
GE offers GEnx engines for Airbus A330neo
General Electric has offered to design a variant of its GEnx engines for Airbus's new A330neo jet to offset weaker demand from Boeing and broaden its relationship with the European manufacturer to include its biggest planes.
Finance provider 1pm increases finance facility with NatWest
Specialist financial provider 1pm has further increased its back-to-back invoice finance funding facility with NatWest by an additional £5m, it announced on Wednesday, to £42m.
Echo Energy shares slide on 'disappointing' gas discovery
Latin America-focussed upstream oil and gas company Echo Energy announced a non-commercial gas discovery at the Campo La Mata Exploration well in the Tapi Aike licence on Wednesday, following completion of testing on the lower secondary target, being ‘D3’ or ‘Anita’, and the primary target, being ‘Magallenes 20’ or ‘Lobe C’.
Royal Mail strategy is 'undeliverable', says Liberum
Royal Mail was under pressure on Wednesday as Liberum reiterated its ‘sell’ rating on the stock and slashed the price target to 120p from 175p, arguing that the company’s strategy is undeliverable.
FTSE 250 movers: Hochschild shines on results; Plus500 retreats
London’s FTSE 250 was up 0. 6% at 21,817. 41 in afternoon trade on Wednesday.
SkinBioTherapeutics to develop psoriasis supplement with Winclove
Skin health-focussed life science company SkinBioTherapeutics announced on Wednesday that its wholly-owned subsidiary, AxisBiotix, has signed a development agreement with Winclove Probiotics, to help manage the symptoms associated with the skin condition, psoriasis.
PureCircle amends senior facility agreement
Stevia-based sweetener producer PureCircle has secured approval from its lenders of a waiver and amendment to its senior facility agreement, which became fully effective on 18 February, it announced on Wednesday.
FTSE 100 movers: Berkeley boosted by upgrade; NMC slumps
London’s FTSE 100 was up 0. 9% at 7,449. 53 in afternoon trade on Wednesday.
Salt Lake Potash reaches offtake deal with Mitsui
Salt Lake Potash has signed a binding term sheet with Mitsui for the sale of premium water-soluble sulphate of potash (SOP) from its Lake Way Project in Wiluna, Western Australia.