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Sector movers: Forestry and Paper stocks bid higher after upbeat industry forecasts
Cyclicals were at the fore on Wednesday, with Forestry and Paper stocks topping the leaderboard on the back of upbeat medium-term projections from two trade groups.
Thursday preview: Weekly US jobless claims, Cineworld in focus
The market spotlight on Thursday will be on the US jobs market with investors likely to be keeping close tabs on the latest weekly unemployment claims figures.
London close: Stocks finish higher despite weak PMI
London stocks finished in the green on Wednesday, as investors brushed aside news that the UK’s post-lockdown recovery was losing steam.
Broker tips: Boohoo, Wizz Air, Tui
Analysts at JP Morgan Cazenove initiated coverage on fashion retailer Boohoo with an 'overweight' rating on Wednesday.
Director dealings: Superdry co-founder ups stake
Superdry revealed on Wednesday that executive director Julian Dunkerton had acquired 154,809 ordinary shares in the London-listed closing retailer.
Hummingbird confirms advancement of Dugbe Gold Project
Hummingbird Resources updated the market on the Dugbe Gold Project and the acquisition of ARX Resources by Pasofino Gold on Wednesday.
Tesla shares hit the skids after 2020 Battery Day underwhelms
Shares of US stockmarket darling Tesla were on the skids after the outfit underwhelmed investors at its 2020 Battery Day.
Origin Enterprises appoints new finance chief
Agricultural services producer Origin Enterprises announced the appointment of TJ Kelly as its new chief financial officer on Wednesday.
FTSE 250 movers: Diploma boosted by acquisition; PZ Cussons drops
London’s FTSE 250 was up 1. 1% at 17,011. 68 in afternoon trade on Wednesday.
Oncimmune enters collaboration with Roche subsidiary
Immunodiagnostics group Oncimmune Holdings has signed a collaboration with Roche subsidiary Genentech, it announced on Wednesday, to characterise the autoantibody profiles of patients in clinical trials for rheumatological diseases, including systemic lupus erythematosus (SLE).
US factory and services activity finishes Q3 on strong note, IHS Markit says
US economic output put paid to the third quarter with a solid pace of expansion in September, the results of a closely-watched survey revealed.
US open: Mixed start to trading as Powell prepares for second day of testimony
Wall Street trading got off to a mixed start on Wednesday amid heightened restrictions to stem Covid-19 cases in Europe and an ongoing stalemate in negotiations for a second stimulus bill.
Ryanair and Wizz are 'best plays for recovery', says Morgan Stanley
Morgan Stanley lifted its price targets on budget airlines Ryanair and Wizz Air as it argued that they remain "the best plays for recovery".
FTSE 100 movers: Rolls-Royce recovers; gold miners fall
London’s FTSE 100 was up 1. 4% at 5,910. 83 in afternoon trade on Wednesday.
Half a billion jobs were lost around the world to Covid-19 in Q2
The novel coronavirus will exact a much higher toll on job markets around the world than previously feared, according to the global watchdog for labour.
Hyundai in talks with EU over delayed Daewoo deal
Hyundai Heavy Industries Holdings are in talks with the European Union antitrust regulators over its bid for Daewoo, reported Reuters on Wednesday.
JP Morgan upgrades Diploma on proposed acquisition of Windy City Wire
Analysts at JP Morgan hailed Diploma's plans to acquire Windy City Wire, in turn bumping up their target price and recommendation for the shares.
Wednesday broker round-up
Diploma: JP Morgan upgrades to overweight with a target price of 1,960. 0p.
Diploma surges after raising £190m to help fund US acquisition
Diploma shares surged on Wednesday after the company successfully raised around £190m in a placing to help fund the acquisition of US-based wire and cable distributor Windy City Wire Cable and Technology Products and said it will pay a dividend.
China Yangtze, world's largest hydroelectric firm, to list in London
The world's largest hydropower company has kicked-off a bookbuilding exercise for the sale of Global Depositary Receipts representing 5% of its capital prior to the offering.