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Integumen and Modern Water sign revenue sharing deal
Integumen has signed a three-year revenue-sharing, manufacturing agency agreement with Modern Water, to manufacture and provide logistic support for Modern Water's monitoring reagent consumables.
Pendragon losses widen after difficult 2019
Automotive retailer Pendragon reported a 3. 8% like-for-like improvement in its full-year group revenue on Wednesday, to £4. 51bn, although on an actual basis, that was down 2. 6%.
Sage suspends share buyback programme amid Covid-19
Software company Sage has decided to suspended its share buyback programme to preserve "a high level of liquidity" in light of the Covid-19 pandemic.
Covid-19 testing increasing to 25,000 per day, PM says
Testing for Covid-19 coronavirus will be increased to 25,000 per day in the UK, with frontline NHS staff being a top priority, the Prime Minister said on Wednesday.
City watchdog calls on financial firms to support customers
The Financial Conduct Authority has said firms should provide “strong” support and service to customers during the coronavirus outbreak, including being flexible in their approach.
BMW and Toyota halt production in Europe over COVID-19 crisis
BMW and Toyota are the latest addition to the list of car manufacturers shutting down operations in Europe over the economic impact of the coronavirus.
Europe midday: Stocks slightly off session lows as Italy COVID-19 caseload slows
Stocks across the Continent are again under heavy selling pressure, but have come slightly off their lows of the session, even as some observers fret that a proposed US stimulus package might fall short, while keeping an eye trained on longer-term government bond yields.
US pre-open: Stocks set for low start as WTI closes on levels of 2003
US equity futures are pointing to moderately big drops on Wall Street as investors parse the headlines around proposed fiscal stimulus packages in the States, even as they keep a close eye on the reaction in government bond markets.
Wednesday broker round-up
Polypipe: Deutsche Bank upgrades to buy with a target price of 550p.
US February housing starts come in ahead of forecasts
Activity in the US housing market was keeping up a brisk pace at the start of 2020 and some economists still saw scope for growth to resume in the latter half of the year assuming the economy returned to something closer to normal.
Ascential postpones Cannes festival, puts buyback on hold
Ascential said on Wednesday that the Cannes film festival will be pushed back from June to October 2020 due to the coronavirus pandemic, as it announced it was putting its share buyback on hold and refraining from reconfirming its guidance.
Europe open: Stocks again under pressure with Italian government bonds in focus
Stocks across the Continent are again under heavy selling pressure, tracking losses overnight on Wall Street with some observers fretting that a proposed US stimulus package might fall short, even as longer-term government bond yields moved higher across the board.
Rush for greenback sees pound plunge
The pound has tumbled to lows not seen since the shock Brexit referendum result in 2016, as the coronavirus pandemic prompts a "synchronised rush" to buy up dollars.
McCarthy & Stone scraps dividend due to outbreak
Retirement housebuilder McCarthy & Stone said on Wednesday that the coronavirus would have a "material" impact on trading in the coming months, as it scrapped its dividend.
Oil prices in fresh falls as lockdown fears weigh heavily
Oil prices have taken a fresh pounding, as the growing global lockdown and souring of relations between Saudi Arabia and Russia weigh heavily.
Sosandar shares plunge as company warns of sales collapse
Online fashion brand Sosandar has suspending marketing and warned on profits after the coronavirus outbreak saw sales plunge.
Rightmove to allow payment deferrals amid Covid-19 uncertainty
Rightmove said on Wednesday that it was too early to assess the impact of the coronavirus on 2020 results as it announced a payment deferral plan for smaller agents.
Global banks fail to cut funding for fossil fuel projects
Analysis from 35 top investment banks revealed that over $2. 66tn had been invested in fossil fuel projects since the Paris Climate Agreement in 2016.
UK govt coronavirus £350bn aid package 'not enough' - analysts
Britain's £350bn coronavirus aid package to the retail, leisure and hospitality sectors would not save jobs and did not go far enough, analysts warned on Wednesday.
EU considers deploying emergency fund to aid in coronavirus crisis
The European Union is considering deploying the European Stability Mechanism to help combat the coronavirus crisis.