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Europe open: Shares open weaker on US debate chaos, rising Covid cases
European stocks opened slightly weaker on Wednesday as a less-than-edifying US presidential debate and continuing surge in Covid-19 infections dampened investor sentiment.
Baidu's voice assistant valued at $2.9bn after investment
Chinese internet giant Baidu announced that its voice assistant was valued at $2. 9bn following a capital raise for an undisclosed amount of money.
Qinetiq reinstates dividend after improved second quarter
Qinetiq Group has reinstated both its dividend and full-year guidance after a strong finish to the first half, the defence technology specialist confirmed on Wednesday.
Canaccord downgrades TP Icap, says purchase of Liquidnet would be earnings dilutive
Analysts at Cannacord Genuity downgraded their recommendation and target price for shares of broker dealer TP Icap after the firm disclosed that it was in "advanced discussions" to acquire non-listed Liquidnet Holdings.
FAA to carry out evaluation flights for improved Boeing 737 MAX
The Federal Aviation Administration is due to conduct an evaluation of the recently improved Boeing 737 Max.
Covid buying boom helps UK house prices hit fresh highs
Annual house price growth surged in September to the highest rate in four years, as the UK property market continued to boom post lockdown.
888 Holdings sees higher FY profits, pays special dividend
Online gambling company 888 Holdings raised its full year guidance and declared a special dividend as first-half profits more than doubled on the back of higher casino revenues and customer growth.
China September PMIs point to upside risks for growth
The Chinese economy may be growing a bit more quickly than expected in the third quarter, a batch of closely-followed surveys for the Asian giant's manufacturing and services sector revealed, although their findings were a bit mixed.
London open: Stocks reverse early dip, gain at quarter's end
Stocks are moving higher at the end of the third quarter, having recovered from a brief dip at the start of trading, in the aftermath of the no holds barred televised debate overnight between the contenders to the White House, Donald Trump and Joe Biden.
UK GDP slumps almost 20% in record contraction
The UK economy suffered a record slump in the second quarter of this year as it felt the full force of Covid-19 lockdown measures which constrained spending, official data revealed on Wednesday.
London pre-open: Stocks set to dip after acrimonious US presidential debate
Stocks are set for a lower open following a no holds barred televised debate overnight between the contenders to the White House, Donald Trump and Joe Biden.
William Hill backs £2.9bn Caesars bid
William Hill said it had agreed to be taken over by Caesars Entertainment in a £2. 9bn deal that would see the enlarged group cash in on the rapidly expanding US sports betting market.
Boohoo posts sharp increase in first half sales and profits
Online fashion retailer Boohoo appeared to successfully navigate the media furore over the allegedly sub-standard working conditions at one of its suppliers, posting sharp increases in sales and profits for the half.
Tuesday newspaper round-up: Covid-19 claims, company failures, Google
Insurers risk sending struggling companies to the wall if they appeal against a High Court ruling on Covid-19 claims, the industry has been warned. Businesses were told yesterday that they may have to wait until next year for a verdict on claims on business interruption policies because insurers were considering an appeal against this month’s test case judgment. The latest development potentially shatters hopes that businesses would receive swift payouts. - The Times.
Chemring awarded $83.5m in orders for countermeasures for US Navy and US Air Force
UK defence electronics and countermeasures specialist Chemring's US subsidiary, CCM, has secured a $49. 9m five-year so-called indefinite delivery/indefinite quantity contract from the US Navy for MJU-32/38 infrared decoy flares.
US close: Stocks dip ahead of presidential debate
Stocks on Wall Street finished modestly lower, despite the release of a surprisingly strong reading on US consumer sentiment.
London midday: Stocks slightly lower ahead of key presidential debate Stateside
London stocks edged lower in early trade on Tuesday with investors choosing to sit on their hands ahead of an eagerly-awaited televised debate in the evening between US President Donald Trump and the Democratic contender for the White House, Joe Biden.