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EU set to propose 750bn euro reconstruction fund
Brussels will propose a €750bn reconstruction fund on Wednesday evening financed through jointly-issued debt, the majority of which will be disbursed as grants.
Google plans to get employees back to offices
In a blog post, Google and Alphabet CEO Sundar Pichai wrote about company plans to return some of its workforce to its offices.
James Securities labels Sorrento Therapeutics a good bet to develop coronavirus 'antibody cocktail'
Shares in Sorrento Therapeutics were up ahead of the bell on Wednesday after analysts at James Securities said the firm was a safe bet to develop an "antibody cocktail" that could potentially prevent people from catching Covid-19.
JPMorgan upgrades Unite, cites four reasons to buy
JPMorgan Cazenove upgraded its rating on shares of student accommodation provider Unite to ‘overweight’ from ‘neutral’ on Wednesday, highlighting four reasons to buy the stock.
Blencowe Resources outlines high-grade zone at Orom-Cross
Blencowe Resources updated the market further on its ongoing JORC resource diamond drilling programme at the Orom-Cross Graphite Project in Northern Uganda on Wednesday, reporting that a “highly prospective” high-grade zone had now been outlined about 250 metres from the current exploration camp site.
State error sees comment period pushed for Active Energy plant
Biomass-based renewable energy company Active Energy said on Wednesday that the online event for public comments on the construction and air permit for its ‘CoalSwitch’ plant in Lumberton, North Carolina, has been postponed to 22 June.
Hurricane Energy gets extension to commitments at Lincoln
Hurricane Energy updated the market on its planned activities in the Lincoln subarea of licence P1368, part of the Greater Warwick Area, on Wednesday.
Cambridge Cognition inks multiple new contracts for virtual trials
Digital brain health products developer Cambridge Cognition has secured several new contracts to support pharmaceutical clients in delivering virtual clinical trials, including two contracts collectively worth over £1m.
FireAngel revenues ahead of revised expectations in April
Home safety products manufacturer FireAngel Safety Technologies said on Wednesday that while Covid-19 had impacted its short-term outlook, revenues in April were in "some way" ahead of revised expectations.
FTSE 100 set for shake-up as easyJet faces drop
The FTSE 100 could be in for its biggest shake-up in more than a decade as the Covid-19 crisis looks set to eject easyJet and Carnival from the index of leading shares.
US pre-open: Futures point to early gains amid vaccine optimism
US futures had stocks opening higher for a second straight session on Wednesday amid optimism regarding the reopening of the economy and a potential Covid-19 vaccine.
Boohoo 'strongly refutes' ShadowFall allegations
Boohoo hit back at ShadowFall on Wednesday after the short-seller issued a damning report accusing the company of misleading investors over cash flow and profits.
London midday: Stocks extend gains as travel sector rallies again
London stocks had extended gains by midday on Wednesday as optimism over lockdown easing offset concerns about growing tensions in Hong Kong and souring relations between the US and China.
France Q2 GDP could fall by 20%, says stats agency
France’s economy could contract by 20% in the second quarter as it felt the impact of lockdown measures taken to stop the spread of the coronavirus, the INSEE official statistics agency said on Wednesday.
Government pays £6.8bn to support self-employed workers
The government has spent £6. 8bn providing financial support to 2. 3m self-employed workers in under two weeks since the scheme was launched, official figures showed.
Global energy investment to plunge by $400bn - IEA
Global energy investment was set to plunge by a record $400bn this year due to the coronavirus pandemic, threatening the security of future supply and moves to cleaner alternatives, the International Energy Agency said on Wednesday.
Liberum bumps up Marston's price target on Carlsberg JV
Broker Liberum upped its price target on buy-rated Marston’s to 90p from 65p on Wednesday as it argued that the creation of a brewing joint venture with Carlsberg, announced last week, "solves several near-term issues and should continue to drive value over the medium to long term".
Mears confident on outlook but sees delays to bids
Mears Group said it had an order book of £2. 5bn and was confident about its outlook though Covid-19 could cause delays to contract bids in the current year.
Physiomics raises £829,000 to fund further development
Oncology consultancy Physiomics has raised roughly £829,000 through a share issue to finance further development.
Asia report: Markets finish mixed as US-China tensions rise
Markets in Asia closed in a mixed state on Wednesday, as investors looked at the gradual easing of coronavirus-related restrictions in various jurisdictions, as well as an increase in tensions between the US and China.