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Government extends ban on business evictions until end 2020
The UK government has extended its ban on evictions for commercial tenants until the end of the year amid the Covid-19 crisis.
KRM22 narrows losses in first half
Technology and software investment KRM22 reported total revenue of £2. 3m in its first half on Wednesday, up from £1. 8m year-on-year.
Immunodiagnostic Systems launches four new assays
Laboratory diagnostics specialist Immunodiagnostic Systems announced the launch of four new ‘i-Tracker’ assays designed to run on its automated ‘IDS-iSYS’ analyser on Wednesday.
Madrid may tighten mobility restrictions, Bank of Spain cuts GDP forecasts
The regional government of Madrid appears set to tighten mobility restrictions in several of the districts and suburbs witnessing the most rapid increases in Covid-19 infections.
US retail spend slows in August as auto and gasoline sales drag
US retail sales volumes grew more slowly than anticipated last month, weighed down by slower growth in consumer spend for autos and at gasoline stations.
Wednesday broker round-up
Morrison: JP Morgan downgrades to underweight with a target price of 160. 0p.
Card activity declines, despite lockdown measures easing - UK Finance
Debit and credit card activity eased in June, industry data showed on Wednesday, despite the relaxation of lockdown measures and shops reopening.
JP Morgan cuts Morrisons to 'underweight'
Investors should steer clear of UK food retailers, JP Morgan said as the bank downgraded Morrisons to 'underweight' and cut its share price target for the supermarket group.
Brickability revenues grow in first FY since listing
Building materials firm Brickability said on Wednesday that it had traded in line with full-year market expectations at the time of its initial public offering.
Petra recovers 5 blue diamonds; warns over possible equity dilution
Petra Diamonds said on Wednesday that it has recovered five blue diamonds at its Cullinan mine in South Africa, as it warned that measures to improve its capital structure could result in significant equity dilution.
BA's Cruz says 'fire and hire' plan is withdrawn
British Airways has said employees will not be forced to sign new contracts under a draft deal agreed with unions.
Berenberg cuts target price on Capital & Regional
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.
Asia report: Markets mixed after better-than-expected Japan export data
Markets in Asia finished in a mixed state on Wednesday, as investors digested data out of Japan, showing the country’s exports declining less than anticipated in August.
Boku swings to operating profit as earnings rise in first half
Mobile payments and identity technology company Boku reported group adjusted EBITDA of $6. 4m (£4. 93m) in its first half on Wednesday, which was 84% higher than the first half of 2019.
FRP Advisory buys JDC Group in £5.3m deal
Professional services company FRP Advisory Group announced the acquisition of the JDC Group on Wednesday.
Lenders must support credit card users once payment holidays end - FCA
The regulator is calling on lenders to support customers facing financial difficulties, as measures introduced to help borrowers through the worst of the Covid-19 pandemic come to an end.
Trump criticises WTO over ruling on US tariffs against China
US President Donald Trump criticised the World Trade Organization for being “completely inadequate” after it ruled against US tariffs on China and said they breached international regulations.
Futura Medical narrows losses as it progresses erectile treatment
Futura Medical reported a net loss of £1. 06m in its first half on Wednesday, narrowing from a net loss of £4. 46m year-on-year.
Euro area exports to US and UK still significantly lower year-to-date in July
The single currency bloc's surplus on trade with the rest of the world widened in July, nearly completing a V-shaped recovery to pre-Covid levels.
US pre-open: Futures point to early gains ahead of Fed decision
Wall Street futures had stocks opening higher ahead of the bell on Wednesday ahead of the Federal Open Market Committee's latest policy meeting.