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Bloomsbury ends year in line with expectations
Independent publisher Bloomsbury reported preliminary results in line with its expectations on Wednesday, with profit before tax and highlighted items up 9% to £15. 7m for the year.
Wednesday broker round-up
Great Portland Estates: Peel Hunt downgrades to reduce with a target price of 630p.
Berenberg praises RDI REIT's strong balance sheet, upgrades to 'buy'
Analysts at Berenberg upgraded real estate investment trust RDI from 'hold' to 'buy' on Wednesday, stating the group's balance sheet would help it withstand headwinds stemming from the Covid-19 pandemic.
Tyman reopens facilities in UK and Italy, sees revenues drop in April
Engineered components supplier Tyman has reopened its facilities in Italy and the UK following recent changes in government guidance and amid a decline in revenues.
AstraZeneca's Lynparza gets FDA approval
Pharmaceutical giant AstraZeneca's drug Lynparza has been approved for the treatment of patients with a specific type of prostate cancer in the US.
Newmark Security sees increased demand for hygiene screens amid pandemic
Security systems provider Newmark Security said on Wednesday that demand for hygiene screens had grown as a result of the Covid-19 pandemic, but cautioned that the overall impact of the outbreak still remained to be seen.
Europe midday: Stocks mixed as investors eye Covid news, progress on US stimulus
Markets across Europe were trading in mixed fashion come midday on Wednesday despite the previous day's selling on Wall Street triggered by researchers from two prominent US universities who criticised the limited amount of data published on a trial of one of the most promising vaccine candidates against Covid-19.
Liberum bumps up Boohoo price target
Liberum lifted its price target on shares of Boohoo to 430p from 330p on Wednesday.
Velocys gets planning approval for Altalto plant
Velocys's planning application to build its waste-to-jet fuel plant has been accepted, allowing construction to begin in 2022.
Eurozone inflation falls to four-year low in April
Eurozone inflation fell to a four-year low in April as energy prices slid amid the coronavirus lockdown, according to figures released by Eurostat on Wednesday.
US pre-open: Futures have stocks bouncing back ahead of the bell
US futures had stocks opening higher on Wednesday, with indices trying to claw back some of the losses recorded in the previous session.
Collagen Solutions gets Covid funding in US and New Zealand
Collagen Solutions announced on Wednesday that its wholly-owned operating subsidiaries in the US and New Zealand have received a mix of loan and grant funding based on those governments' Covid-19 economic support programmes.
SThree eligible for up to £300m in BoE Covid financing
Science, technology, engineering and mechanics specialist staffing business SThree updated the market on its financial position on Wednesday, reporting that it has received confirmation that it is eligible to access up to £300m of funding under the Bank of England's Covid Corporate Financing Facility (CCFF).
London midday: Stocks turn higher as investors mull Rolls-Royce, M&S updates
London stocks had turned a touch higher by midday on Wednesday, with investors sifting through updates from the likes of Rolls-Royce and Marks & Spencer and digesting the latest UK inflation data, as optimism over a potential coronavirus vaccine receded.
UK government sells first bond with negative yield
Investors paid the UK government to borrow money for the first time on Wednesday as Britain sold a bond at a negative yield.
Pure Gold raises $15m from 'cornerstone investor'
Pure Gold Mining has agreed to issue, on a non-brokered private placement basis, 9,868,421 charity flow-through common shares at a price of $1. 52 each, it announced on Wednesday, for gross proceeds of $15m.
Moss Bros shares jump after buyer told to honour deal
Moss Bros shares jumped after the UK's takeover regulator rejected an attempt by the company's buyer to pull out of the £22. 6m deal because of the Covid-19 crisis.
Asia report: Markets mixed as China stands pat on interest rates
Markets in Asia closed in a mixed state on Wednesday, as China’s central bank stood pat on its main interest rates, as markets had been expecting.
Gfinity inks multi-year eSports deal with Formula 1
Gaming solutions provider Gfinity has extended its relationship with Formula 1 by being appointed to deliver an F1 eSports series.
Antofagasta says Covid-19 spike could restrict workforce
Antofagasta said its mines were producing copper at or near expected levels but that a recent rise in new Covid-19 cases in Chile threatened to restrict its ability to move workers to and from sites.