Latest News
Morgan Stanley asks whether office stocks are 'overly discounted'
Analysts at Morgan Stanley sounded a positive note on European office stocks, pointing out various price signals that appeared to point to the group now being overly discounted.
BoE's Haldane warns against 'Chicken Licken' pessimism
The Bank of England’s Andy Haldane has warned against adopting too gloomy a view of the UK’s economic prospects following the Covid-19 pandemic.
Tertiary fluorspar project disappoints as it continues other work
Tertiary Minerals updated the market on its exploration projects in Nevada on Wednesday, reporting that at the Peg Leg copper-silver-lead-zinc project’s main target, it had exposed skarn copper-zinc-silver mineralisation in limestone adjacent to granite contact.
Inland Homes completes two 'major' land sales
Housebuilder and brownfield developer Inland Homes has completed two major land sales, it announced on Wednesday, in Wilton Park, Buckinghamshire, and Cheshunt Lakeside, Hertfordshire.
Kropz confirms changes to management team
Africa-focussed phosphate explorer, developer and producer Kropz updated the market on its management team on Wednesday, reporting that Jan Steenkamp had resigned as managing director of Kropz Elandsfontein, effective immediately.
China to open antitrust investigation into Google
The Chinese government is preparing to launch an antitrust probe into Alphabet Inc's Google over allegations of competition irregularities.
3i Infrastructure 'on track' to hit dividend targets
3i Infrastructure said it was on course to meet its full-year dividend target following a strong performance across its portfolio, despite the impact of Covid-19.
Berenberg retains rating on Shell, flags 'challenging' quarter
Berenberg has retained its ‘hold’ rating on Royal Dutch Shell, but warned downgrades to earnings forecasts were likely.
Wednesday broker round-up
TP Icap: Canaccord downgrades to hold with a target price of 275. 0p.
Chicago factory PMI posts sharp jump in September
Manufacturing sector activity in the Chicago area rocketed in September, a closely watched survey showed.
US private sector payrolls accelerate a bit in September, ADP says
Hiring in the US grew more quickly than anticipated in September, leading some economists to bump up their forecasts ahead of the monthly non-farm payrolls report that was scheduled for release on the following Friday.
Babcock names former Cobham executive finance chief to role
Babcock International has named David Mellors chief financial officer, the aerospace and defence specialist announced on Wednesday.
TSB to axe 164 branches and 900 jobs
British bank TSB announced on Wednesday that it will close 164 branches and cut around 900 jobs as it struggles with the economic effects of the Covid-19 pandemic.
CLS secures £154m loan with Aviva Investors
CLS Holdings has secured a £154m loan from Aviva Investors, the listed property investment firm announced on Wednesday.
US pre-open: Stocks set to dip as investors digest presidential debate
US stockmarket futures were pointing to a lower start in the last trading session of the third quarter after what Neil Wilson at Markets. com termed an "unedifying" televised debate between White House hopefuls Donald Trump and Joe Biden overnight.
London midday: Stocks hugging the flatline at the end of Q3
Stocks in London were trading on a mixed note in the last trading session of the third quarter after what Neil Wilson at Markets. com termed an "unedifying" televised debate between White House hopefuls Donald Trump and Joe Biden overnight.
Europe midday: Stocks flat ahead of Wall St view on US debate
European stocks firmed slightly at lunchtime on Wednesday as investors tried to make sense of a less-than-edifying US presidential debate and looked for cues from Wall Street while the continuing surge in Covid-19 infections also weighed.
Regeneron's monoclonal treatment for Covid-19 shows promise in early trial
Early trial results for Regeneron's monoclonal antibody cocktail showed that it helped to alleviate symptoms in patients in mild-to-moderate cases of Covid-19.
Compass to take £100m impairment in response to Covid impact
Food services group Compass said annual revenues would fall by almost a fifth and said it take a £100m impairment charge as it reviewed contracts in response to the Covid-19 pandemic's impact.
Shell to cut up to 9,000 jobs in move to low carbon future
Royal Dutch Shell said it was cutting 7,000 - 9,000 jobs globally as it responded to the global slump in oil prices and looked to reposition itself as a green energy provider.