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Arsenal Capital makes £179m offer for Cello Health
Cello Health said on Wednesday it had agreed to a takeover from private venture company Arsenal Capital Partners, valuing the company at £179m.
Credit Suisse starts SSP at 'underperform', says consensus too optimistic on recovery
Credit Suisse started coverage of food concessions group SSP at 'underperform' with a 220. 0p target price, telling clients that the multiple headwinds from the Covid-19 pandemic were set to be stronger and be longer-lasting than what analysts were anticipating.
John Lewis to partly close London HQ, abandon bonuses
John Lewis' new chair, Sharon White, is looking to axe jobs, close part of its London headquarters and cancel its salary bonus as part of a cost-cutting programme.
US close: Trading ends on a mixed note following 'encouraging' vaccine study
US stocks closed mixed on the first day of trading in the new quarter amid "encouraging" clinical data from Pfizer and BioNTech on the study of a Covid-19 vaccine candidate.
Europe close: Positive Covid-19 vaccine news help stem losses
Stocks in Europe finished well off their lows of the session driven by a rally in travel and leisure issues after positive news out of the US on one of the lead candidates for a vaccine against Covid-19.
Thursday preview: US non-farm payrolls, SSP in focus
The market spotlight on Thursday will be firmly on the US jobs market, with both weekly and monthly data set to coincide ahead of the 4 July holiday which would be observed during the following day.
Director dealings: Qinetiq director raises stake
Qinetiq revealed on Wednesday that non-executive director Susan Searle had acquired 10,000 ordinary shares in the FTSE 250-listed science and engineering group.
London close: Benchmark finishes lower as investors pore through data
London’s benchmark closed just below the waterline after a choppy session on Wednesday, amid ongoing concerns about the coronavirus pandemic - particularly in the United States - and as investors eyed the latest readings on the UK's housing and manufacturing sectors.
Broker tips: Ashtead, DX group
Analysts at Berenberg lowered their target price on equipment rental company Ashtead from 2,000p to 1,750p on Wednesday, stating the group's recent share price performance had defied "softness" in lead indicators.
FTSE 250 movers: B&M European Value rallies; John Laing slumps
London’s FTSE 250 was up 0. 6% at 17,215. 25 in afternoon trade on Wednesday.
Liberum hikes target price on DX
Analysts at Liberum hiked their target price on British logistics outfit DX from 14. 0p to 30. 0p on Wednesday, stating the group had executed "a remarkable turnaround".
OptiBiotix inks CholBiome deal with Italy's Actial
Life sciences company OptiBiotix Health announced on Wednesday that its wholly-owned subsidiary, ProBiotix Health, has entered into a non-exclusive distribution agreement with Actial Farmaceutica for the distribution of its ‘CholBiome’ and ‘CholBiome X3’ products, in four new territories in the Asia-Pacific region.
Versarien delays FY results due to Covid-19
Advanced materials engineering group Versarien said on Wednesday that its full-year results had been delayed until August as a result of the Covid-19 pandemic and associated lockdowns.
US manufacturing bouncing back but full recovery seen a ways off still
Manufacturing in the US picked up the tempo significantly last month, but economists were at pains to stress that it was doing so from still "very depressed" levels of activity.
Katoro Gold hopes to progress Blyvoor with site visit
Gold and nickel exploration and development company Katoro Gold updated the market on its Blyvoor joint venture on Wednesday, in respect of the Blyvoor gold tailings project, reporting that the joint venture management and technical team would be conducting an “extensive” site visit on 1 and 2 July.
US open: Stocks higher on 'encouraging' data from Pfizer's vaccine study
US stocks opened higher on the first day of trading in the new quarter after Pfizer and BioNTech released "encouraging" clinical data from the study of Covid-19 vaccine candidate, BNT162b1.
Liontrust to purchase AXA's Architas UK business
Fund manager Liontrust Asset Management has entered into a conditional sale and purchase agreement with AXA subsidiary Architas, it announced on Wednesday, to purchase the entirety of Architas Multi-Manager (AMML) and Architas Advisory Services (AASL), for a total consideration of up to £75m.
Weinstein's film studio agrees to pay $24m in settlements to victims
Harvey Weinstein’s bankrupt film studio agreed to pay a $47m settlement that will allocate over $20m towards dozens of victims who accused the film mogul of sexual assault and harassment.
US private payrolls grow 2.36m in June
US businesses continued to bring workers back from furlough throughout June as the country's economy attempted to slowly return to normal.
Berenberg lowers target price on Ashtead
Analysts at Berenberg lowered their target price on equipment rental company Ashtead from 2,000. 0p to 1,750. 0p on Wednesday, stating the group's recent share price performance had defied "softness" in lead indicators.