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Barclays double-upgrades Virgin Money to 'overweight'
Barclays upgraded its stance on shares of Virgin Money on Wednesday to ‘overweight’ from ‘underweight’ and hiked the price target to 165p from 100p.
Anglo American diamond sales up year-on-year in ninth cycle
Multinational mining company Anglo American said rough diamond sales for De Beers' ninth cycle of 2020 were up year-on-year despite "ongoing risks" in multiple markets.
Lockdown cycling boom propels Halfords to bumper profits
Halfords pedalled to bumper interim profits on Wednesday as Britons got on their bikes during the Covid-19 pandemic.
Speedy Hire sees results near top of expectations
Speedy Hire predicted annual results close to the top of expectations after the Covid-19 crisis almost wiped out first-half profit.
Hargreaves Lansdown loses ground as co-founder sells shares
Investment platform Hargreaves Lansdown was under the cosh on Wednesday after an offering of 6. 7m shares by co-founder Stephen Lansdown was priced at 1,535p per share, which is a 5% discount to the closing share price on Tuesday.
International Personal Finance trading improves during October
Home credit business International Personal Finance said on Wednesday that it had seen continued improvements in its trading performance throughout October.
Kaz Minerals to cover portion of CDP infrastructure costs at Baimskaya
Copper miner Kaz Minerals said on Wednesday that the Ministry for the Development of the Russian Far East and Arctic had submitted a multi-party Complex Development Plan for approval that would see the company's Baimskaya project benefit from new infrastructure.
London open: Stocks edge lower amid Covid worries; inflation in focus
London stocks edged lower in early trade on Wednesday as investors digested the latest UK inflation figures, with worries about rising coronavirus cases and tighter restrictions continuing to weigh on sentiment.
TBC profit rises on higher income, lower credit loss
TBC Bank's third-quarter profit rose by a fifth as Georgia's biggest lender increased income and set aside less for credit losses.
Micro Focus ends year in line with forecasts
Software company Micro Focus updated the market following the end of its financial year on Wednesday, saying it expected to report revenue of about $3bn, in line with management expectations.
British Land reinstates dividend despite widened H1 loss
Property development and investment company British Land reinstated its dividend on Wednesday despite failing to turn a profit in the first half of its trading year.
Croda to buy fragrances and flavours firm Iberchem
Speciality chemical company Croda International has agreed to acquire fragrances and flavours firm Iberchem, it announced on Wednesday, for €820m (£736m) on a debt-free, cash-free basis.
Spirax-Sarco backs FY expectations as Q3 trading improves
Spirax-Sarco Engineering backed its full-year expectations on Wednesday as it reported an improvement in third-quarter trading.
SSE takes £115 first-half hit from coronavirus
Energy supplier SSE reported a fall in adjusted operating profit after taking a £115m hit from the coronavirus pandemic, but also maintained its interim dividend payout.
London pre-open: Stocks seen lower amid Covid-19 concerns
London stocks were set to fall at the open on Wednesday amid concerns about rising coronavirus cases and the impact of lockdowns and restrictions on the economy.
SSE operating profit falls, RSA agrees to £7.2bn buyout
London open The FTSE 100 is expected to open 29 points lower on Wednesday, having closed down 0. 87% on Tuesday at 6,365. 33.
Wednesday newspaper round-up: Brexit, UK music industry, Amazon
Failure to strike a post-Brexit trade deal would cut the UK’s economic growth rate by more than half next year, delaying a full recovery from the coronavirus pandemic, according to a report. The accountancy firm KPMG said the economy would suffer heavily should the UK fail to secure a trade deal with the EU before the end of the Brexit. - Guardian.