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Lloyds Bank to shed 780 jobs
Lloyds Banking Group is set to cut 780 jobs in the UK, representing around one in 16 of its branch-based workforce.
London close: Bargain hunters bring indices off lows, but AIM stocks left out
Stocks finished on a mixed note on Wednesday, with bargain hunters stepping in even as health officials around the globe sounded the alarm over the near-pandemic status of the ongoing outbreak of the new China coronavirus.
Europe close: Stock selloff abates
Stocks on the Continent stabilised following another bout of selling in the first half of the session in the wake of warnings from global health officials of the risk of a coronavirus pandemic.
Thursday preview: Coronavirus and St.James's Place in focus
Investors' focus on Thursday will continue to be firmly on the Chinese coronavirus as they gauge its advance outside of China and countries' responses.
Director dealings: Redde Northgate CEO makes share purchase
Redde Northgate revealed on Wednesday that chief executive officer Martin Ward had purchased 76,537 ordinary shares in the London-listed commercial vehicle rental outfit.
FTSE 250 movers: Weir Group and Serco pace gains amid bargain hunting
London's second-tier index finished in the red yet again as investors took stock of the Chinese coronavirus's continuing spread globally and after the US Centers for Disease Control and World Health Organisation called for measures to be put in place immediately to break its advance.
Broker tips: HSBC, Petrofac
Berenberg has reiterated is ‘sell’ rating on HSBC, arguing the blue-chip bank’s premium valuation is “unjustified”.
Restaurant Group scraps full-year dividend to support strategic priorities
Shares of Restaurant Group fell after the company scrapped its full-year dividend in order to support its strategic priorities.
Direct Line set to cut 800 jobs between 2021 and 2022
Direct Line announced on Wednesday it would be cutting 800 positions from their 11,000 strong staff between 2021 and 2022.
McColl's dragged to a loss following 'unseasonable weather'
Convenience store group McColl's cancelled its dividend on Wednesday after announcing it had swung to a loss of almost £100m in 2019.
Ted Baker announces cost cuts and lay-offs in first phase of transformation
Ted Baker unveiled the first phase of its transformation programme centred on profitability, cost and a more effective use of its resources.
FTSE 100 movers: Taylor Wimpey sinks on results, HSBC manages gains
London’s benchmark index was flat in afternoon trading on Wednesday, clawing back some of its earlier losses, after health officials sounded the alarm in the morning over the near-pandemic status of the ongoing outbreak of the Covid-19 coronavirus.
Reabold upbeat on latest developments in California
Upstream oil and gas investment company Reabold Resources updated the market on its operations in California on Wednesday, reporting that the VG-6 well on West Brentwood had tested at 350 million standard cubic feet per day, and was now on permanent production.
Integumen launches 'ecowaterOS' consortium with Modern Water
Integumen announced the launch of ‘ecowaterOS’ on Wednesday, which it described as a green technology data management ecosystem that monitors and analyses water for bacteria contamination using artificial intelligence.
Berenberg raises target price on 'extremely attractive' Petrofac
Analysts at Berenberg slightly raised their price target on Petrofac's shares from 420. 0p to 440. 0p on Wednesday, stating the oilfield services group's bid pipeline had it back on track for growth.
US open: Stocks rise despite ongoing fears of global economic slowdown
US stocks recorded some early gains at the bell on Wednesday as the S&P 500 attempted to recover from its worst two-day run in four years.
Plexis Holdings gets another order from Russian licensee
Oil and gas engineering services company Plexus Holdings announced on Wednesday that its Russian licensee, Gusar, has placed an order for an additional set of ‘POS-GRIP’ exploration rental jack-up drilling wellhead equipment.
Jangada Mines shares fall as it releases latest drilling results
Natural resources company Jangada Mines announced the initial results of its 2020 drilling programme on the Pitombeiras North target, at its wholly-owned Pitombeiras Vanadium Project in Ceara State, Brazil.
Eddie Stobart unveils hefty losses as shares plunge
Eddie Stobart Logistics insisted it was back on a stable footing on Wednesday, after the embattled haulage firm finally published long-delayed results and resumed trading on the London Stock Exchange.
Intu Properties drops after announcing £1.3bn cash call, credit line extension
Intu Properties clinched an extension of its medium-term lending facility, albeit of a smaller amount and with the proviso that it raise £1. 3bn in fresh capital.