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Lamprell warns of going concern doubts as loss widens
Lamprell warned there were material doubts about its position as a going concern as the oil rig builder's annual loss more than doubled.
Twitter employees may not return to their offices
Twitter employees will now be allowed to work from home “forever”, said CEO Jack Dorsey in a company email on Tuesday.
US close: Dow extends losing streak following dire warning from Fed's Powell
US stocks closed sharply lower on Wednesday after Federal Reserve chairman Jerome Powell warned the coronavirus-fuelled crisis was "without modern precedent".
Europe close: Stocks hit as investors dig in for protracted recovery
Stockmarkets across the Continent ended the day lower even as governments continued to make strides in reopening their economies.
Thursday preview: US jobs data, 3i in the spotlight
The focus on Thursday will shift back to the US jobs market as the Department of Labor publishes its latest weekly tally of initial jobless claims.
Broker tips: Mitchells & Butlers, Premier Oil, Rathbone Partners
Analysts at Liberum slashed their target price on pub operator Mitchells and Butlers from 600. 0p to 300. 0p on Wednesday in anticipation of three months of full lockdown followed by a further three months of subdued trading.
London close: Severely weak GDP data hits investor sentiment
London stocks finished in the red on Wednesday as dire UK GDP and worries about a second wave of coronavirus infections dented sentiment.
Tesco CEO gets record £6.42m pay package
Tesco chief executive, Dave Lewis's annual pay package for 2019 hit £6. 42m, marking the biggest ever haul for any executive at the retailer of the past decade.
Director dealings: Burford CEO ups stake
Burford Capital revealed on Wednesday that chief executive Christopher Bogart had acquired 50,000 ordinary shares in the AIM-listed finance and professional services company.
Canaccord upgrades Rathbone Partners to 'buy', spies 'attractive' entry point
Analysts at Canaccord Genuity upgraded their recommendation for shares of wealth management group Rathbone Partners from 'hold' to 'buy'.
FTSE 250 movers: Aston Martin slumps; Crest Nicholson gains
London’s FTSE 250 was down 1. 6% at 15,919. 03 in afternoon trade on Wednesday.
Premier Oil outlook is uncertain, Berenberg says
Premier Oil's outlook is unclear after a mixed trading statement, Berenberg analysts said as they kept their 'hold' rating on the company's shares.
US open: Dow extends losses as Powell warns crisis is 'without modern precedent'
Wall Street trading began on a mixed note on Wednesday after Federal Reserve chairman Jerome Powell warned the coronavirus-fuelled crisis was "without modern precedent".
Federal Reserve's Powell calls for government action to prevent long-term scarring
The head of America's central bank said that further fiscal support for the economy may be needed in order to avoid the long-term scarring that a recession as deep as the current one may leave on the economic fabric of the country.
N4 Pharma raises £2.03m via oversubscribed placing
Specialist pharmaceutical company N4 Pharma has raised £2. 03m through an oversubscribed placing of 50,731,250 new ordinary shares, it announced on Wednesday, at a price of 4p each.
FTSE 100 movers: Carnival sinks; Berkeley rallies on housing market news
London’s FTSE 100 was down 1% at 5,935. 27 in afternoon trade on Wednesday.
Mosman shifts focus to margins from volumes
Mosman Oil and Gas updated the market on its operations on Wednesday, reiterating that its business was not immune to the recent “exceptional external events”, including the Covid-19 coronavirus pandemic and the fluctuating oil price.
Crisis debt will 'come back to haunt us', OECD boss says
Extra debt shouldered by governments and companies to steer through the Covid-19 crisis will "come back to haunt us", the boss of the Organisation for Economic Cooperation and Development has warned.
Liberum slashes TP on Mitchells & Butlers but reiterates 'buy' rating
Analysts at Liberum slashed their target price on pub operator Mitchells and Butlers from 600. 0p to 300. 0p on Wednesday in anticipation of three months of full lockdown followed by a further three months of subdued trading.
US producer prices crater in April amid plunge in energy prices
Producer prices in the US cratered last month as the Covid-19 pandemic rolled across the country.