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US consumer prices rise more than expected in July
US inflation rose faster than expected in July, according to figures released on Wednesday by the Labor Department.
N4 Pharma shares surge on positive Covid-19 study outcome
Shares in N4 Pharma rocketed on Wednesday, after it announced that ‘Nuvec’ loaded with coronavirus plasmid had successfully transfected human embryonic kidney (HEK) cells in vitro, and induced an expression of the spike protein in the cells.
Appreciate Group to stop making hampers; annual profit falls
Appreciate Group, formerly Park Group, said on Wednesday that it will end production of its Christmas hampers as it reported a decline in annual profit.
Galileo gives Kalahari exploration the go-ahead
Galileo Resources has approved the start of exploration on its wholly-owned property in the Kalahari Copper Belt of western Botswana, it announced on Wednesday.
China reportedly to discuss TikTok, WeChat in next trade talks with US
Chinese officials are set to discuss the US ban on TikTok and WeChat in the next trade talks with Washington officials in coming days.
ABN Amro axes 800 jobs in investment bank shakeup
Dutch bank ABN Amro said it was cutting 800 jobs and ending all trade and commodity financing after as part of a radical restructure after excessive risk-taking led to large losses at its corporate and investment division.
Train derails in Scotland's Stonehaven; Several passengers 'gravely injured'
A train derailed on Wednesday near Stonehaven in Scotland seriously injuring some passengers and reportedly killing the driver.
Checkit revenues slump in Q2 as Covid-19 delays sales process
Software firm Checkit said on Wednesday that revenues had slumped in the second quarter of its trading year after the Covid-19 pandemic led to delays in sales.
Boku acquisition Fortumo inks deal with Myanmar's Mytel
Mobile payments and identity company Boku announced on Wednesday that its recently-acquired subsidiary Fortumo has launched a direct carrier billing partnership with Myanmar mobile operator Mytel.
Barclays starts Dunelm at ‘overweight’
Barclays initiated coverage of Dunelm shares at ‘overweight’ with a 1,425p price target on Wednesday as it highlighted its resilience and strong balance sheet.
Revenue rises but earnings fall in first half at Glanbia
Nutrition company Glanbia reported a “resilient” first half performance amid the Covid-19 pandemic on Wednesday, as adjusted earnings per share declined 17. 2% at constant currencies to 31. 05 euro cents (28p).
Europe midday: Shares continue gains as investors shrug UK GDP crash
European shares continued their strong run on Wednesday as investors shrugged off UK recession woes and US fiscal stimulus worries as Liberty Global's takeover of Sunrise Communications boosted sentiment.
Forex movements put dent in Ocean Wilsons' 'resilient' first half
Ocean Wilsons Holdings reported a “resilient” first half performance on Wednesday, with operating profit improving 12% year-on-year to $39. 3m (£30. 15m).
US pre-open: Stocks called to open higher following losses in previous session
Wall Street futures were pointing to a positive open ahead of the bell on Wednesday as the S&P 500 looked set to rebound from its first losing session in over a week.
Moderna makes pretrade gains after signing US vaccine deal
Moderna shares rose in pretrading after the US biotechnology company signed a deal with the Trump administration worth up to $1. 5bn (£1. 2bn) to supply doses of its experimental Covid-19 vaccine.
London midday: Stocks extend gains as investors shrug off GDP
London stocks had extended gains by midday on Wednesday as investors took dire UK GDP figures in their stride.
One in four Britons fear losing their jobs as recession hits
People in Britain are increasingly worried about losing their jobs as the country’s economy buckles under the pressure of the coronavirus pandemic and its deepest recession on record, a survey revealed on Wednesday.
Asia report: Markets mixed, RBNZ expands QE beyond forecasts
Markets finished mixed in Asia on Wednesday, as investors monitored the global Covid-19 situation, and New Zealand’s central bank stood pat on interest rates but expanded its quantitative easing programme beyond market expectations.
Berenberg doubles target price on IWG
Analysts at Berenberg doubled their target price on serviced offices provider IWG from 130p to 260p on Wednesday on the back of the group's first-half results, released earlier in August.
Balfour Beatty swings to loss on Covid lockdowns; HS2 boosts order book
Construction giant Balfour Beatty swung to an interim loss as the coronavirus lockdown shut down building sites, but increased its order book after the government gave the go-ahead for its second high speed rail line.