A group of investors are poised to float a special purpose acquisition company on the London Stock Exchange, with the intention of raising $750m.
European shares recovered from a late bout of selling on Wednesday to finish in the green.
The market spotlight on Thursday will be firmly on the Bank of England.
London's top flight index finished just below the waterline on Wednesday, as investors digested a sharp decline in UK inflation and eyed a rate announcement by the US Federal Reserve.
Analyst at Berenberg slashed their target price on real estate investment trust Capital & Regional from 100. 0p to 50. 0p on Wednesday, stating "leverage concerns" were growing.
Shares in Snowflake were being called to start trading at as high $175, or 46% above the price set for their initial public offering.
Sirius Real Estate revealed on Wednesday that chief executive Andrew Coombs had disposed of 719,166 ordinary shares in the FTSE 250-listed property company.
The government has reached an agreement to add a layer of parliamentary oversight to its plans to potentially override part of the country's withdrawal treaty with the European Union.
London’s FTSE 250 was flat at 17,808. 22 in afternoon trade on Wednesday.
Intellectual property commercialisation specialist Frontier IP said on Wednesday that its portfolio company Nandi Proteins has raised £0. 72m via a convertible loan, including a £0. 36m investment from the UK Government's ‘Future Fund’.
Botswana and southern Africa-focussed gas and solar power developer Tlou Energy updated the market on progress with its transmission line on Wednesday, reporting that it had engaged Mott MacDonald engineering consultants to work on the detailed engineering and design of the proposed line to connect its Lesedi Power project to the electricity grid in Botswana.
Intellectual property investment company Tekcapital announced on Wednesday that its portfolio company Salarius has signed a distribution agreement with Gehring-Montgomery, a United States ingredient distributor, in a bid to expand business-to-business sales of ‘MicroSalt’ across the US.
TUI AG's shares were under heaving selling pressure on Wednesday afternoon following a report that it was plotting a fundraising round.
The Hut Group saw its shares soar on Wednesday as trading in the e-commerce beauty business got underway, marking the largest debut on the London market in recent years.
Monoclonal antibodies being trialled by Eli Lilly appeared to help some patients rid themselves of the Covid-19 vrius more quickly.
Wall Street stocks opened higher on Wednesday ahead of the Federal Open Market Committee's latest policy meeting.
The US part of the phase three trial of the Covid-19 vaccine candidate being developed by AstraZeneca and the University of Oxford remains on hold, pending authorisation for a restart from independent safety monitors and America's health regulator, the Food and Drug Administration.
Waitrose & Partners is to shut four stores, the supermarket chain said on Wednesday, putting 124 jobs at risk.
Analysts at Deutsche Bank upped their target price on bookmaker William Hill from 160. 0p to 271. 0p on Wednesday after some positive deal news from across the pond.
London’s FTSE 100 was down 0. 6% at 6,066. 86 in afternoon trade on Wednesday.