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IMI contains direct impact of Covid-19 in Q3
Specialist engineering company IMI said on Wednesday that it had managed to contain the direct impact of the Covid-19 pandemic.
Sector movers: Cyclicals walloped as Covid-19 lockdowns trigger volatility spike
Stocks were walloped in the middle of the week as concern over the impact that the second Covid-19 wave would have on economies in the near-term, miners, chemical companies and life insurers all lower.
Europe close: Cyclicals hammered amid another spike in volatility
European shares finished sharply lower amid reports of impending coronavirus lockdowns in France and Germany dampened sentiment.
Thursday preview: US Q3 GDP, Lloyds in focus
The spotlight on Thursday is likely to be on the US economy as a first view of third quarter US gross domestic product reveals that the economy bounced back quite quickly as the first wave of the pandemic was more or less tempered in the US, even as it was initially brought under control in Asia and Europe.
London close: Stocks sink further as lockdown pressure rises
London stocks were well into negative territory at the close on Wednesday, amid growing concerns about tightening coronavirus restrictions across Europe and calls for another national lockdown in the UK.
Broker tips: BP, DCC
Analyst at Berenberg slightly lowered their target price on oil and gas giant BP from 260. 0p to 250. 0p on Wednesday following the group's third-quarter results.
Director dealings: Next director makes share sale
Next revealed on Wednesday that group merchandise and operations director Richard Papp had disposed of 11,750 ordinary shares in the FTSE 100-listed clothing retailer.
1pm gets go-ahead to expand CBILS lending
Specialist finance provider 1pm has received accreditation from British Business Bank to expand its lending under the UK government's Coronavirus Business Interruption Loan Scheme (CBILS), it announced on Wednesday, to support credit-worthy UK businesses.
Bank of Canada stands pat on rates, signals no rate cut until 2023
The Bank of Canada left interest rates unchanged on Wednesday as it signalled there was little chance of a rate hike until 2023.
Omega turnover falls in first half
Medical diagnostics company Omega updated the market on its first half of trading on Wednesday, reporting that turnover was expected to be £3. 16m, down 29% on the prior period.
Tekcapital's Lucyd gets more patent protection
Intellectual property investment company Tekcapital announced on Wednesday that its wholly-owned portfolio company Lucyd, the developer of e-glasses and operator of an e-shop for advanced eyewear, had confirmed updates to its intellectual property position.
FTSE 250 movers: Ibstock falls after update; Kaz boosted by deal news
London’s FTSE 250 was down 1. 9% at 17,252. 86 in afternoon trade on Wednesday.
Berenberg slightly lowers target price on BP following Q3 update
Analyst at Berenberg slightly lowered their target price on oil and gas giant BP from 260. 0p to 250. 0p on Wednesday following the group's third-quarter results.
US open: Stocks slide as rising Covid-19 cases weigh on sentiment
Wall Street stocks opened sharply lower on Wednesday as new Covid-19 cases continued to rise across the US.
FTSE 100 movers: Next bucks trend after results
London’s FTSE 100 was down 3. 3% at 5,539. 29 in afternoon trade on Wednesday as worries about tightening Covid restrictions gripped markets.
Brexit deal may be ready by early November - Bloomberg
A Brexit deal could be ready by early November after progress made by negotiators in unblocking disagreements on maintaining a s0-called 'level playing field' between the UK and the European Union.
Alba promotes senior geologist to COO position
Alba Mineral Resources announced on Wednesday that its senior geologist Mark Austin has agreed to take up a full-time position as its chief operating officer and senior geologist, responsible for its day-to-day operations across all of its mining projects in north Wales, Greenland and Ireland.
US wholesale inventories dip even as retailers race to replenish stocks
Company inventories at the wholesale level slipped last month, despite brisk stockpiling by retailers.
Wednesday broker round-up
DCC: RBC Capital Markets upgrades to outperform with a target price of 7,400p.
ULS Technology upbeat after 'unusual' first half
Conveyancing and financial intermediary platform provider ULS Technology updated the market on its first half on Wednesday, describing the period as “highly unusual”, with the housing market virtually coming to a halt in April and May in the height of lockdown, before “bursting back to life” in June, and being buoyant in terms of instructions throughout the rest of the period and beyond.