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Netflix to spend $1bn on production in UK in 2020
Netflix is set to raise its spending on production of TV shows and films in the UK to $1bn this year despite the break in filming due to the coronavirus pandemic.
Tesla to recall more than 9,000 Model X cars
Tesla filed to recall about 9,136 Model X cars, the National Highway Traffic Safety Administration said on Wednesday.
Boards pay lip service to governance, regulator says
The UK's corporate governance regulator said too many companies paid lip service to requirements on pay and diversity and that it was unhappy with boards' response to its improved code of standards.
Thursday preview: ECB minutes, chief economist in focus
Investors will shift back towards the euro area on Thursday, with the monetary policy of the bloc's central bank under scrutiny as the minutes of the European Central Bank's October policy meeting are released.
Europe close: Stocks finish session little changed
European shares ended on a mixed note on Wednesday as bank-driven gains in the morning were lost.
London close: Stocks finish weaker as Chancellor warns on economy
London stocks closed in the red on Wednesday, with banking shares under particular pressure, as investors digested Chancellor Rishi Sunak’s spending review.
G4S discloses information to GardaWorld in bid battle
G4S has agreed to provide its hostile suitor GardaWorld with details about the company after revealing the information to another unidentified potential bidder.
Pantheon secures rig contract for Talitha well
Oil and gas exploration company Pantheon Resources announced the execution of a rig contract with Nordic Calista Services, a wholly-owned subsidiary of Calista Corporation, to drill the Talitha #A well on the Talitha Unit on Wednesday, with operations expected to begin in January.
GlobalData earnings rise even as events business struggles
Data and analytics company GlobalData updated the market on its trading for the year-to-date on Wednesday, reporting that revenue excluding events was up 5% year-on-year, driven by 7% growth in subscription revenue.
Broker tips: Codemasters, Invinity
Analysts at Berenberg lowered their rating on video games developer Codemasters from 'buy' to 'hold' on Wednesday as a result of Take-Two Interactive's impending takeover.
FCC rejects ZTE petition to lift 'national security threat' designation
The Federal Communications Commission rejected Chinese company ZTE’s petition to remove its designation as a “national security threat. ”.
Shell UK narrows gender pay gap in 2020
Royal Dutch Shell’s female employees in Britain earned 18% less on average than their male colleagues in 2020, a pay gap that has narrowed since 2019.
Director dealings: Reckitt Benckiser CEO ups stake
Reckitt Benckiser revealed on Wednesday that chief executive Laxman Narasimhan had acquired 7,930 ordinary shares in the FTSE 200-listed Dettol maker.
ViacomCBS to sell Simon & Schuster to Penguin Random House owner for $2.2bn
ViacomCBS confirmed on Wednesday that it has agreed to sell publishing business Simon & Schuster to Bertelsmann, the owner of Penguin Random House, for $2. 18bn in cash.
FTSE 250 movers: Genus gains after update; Future slumps
London’s FTSE 250 was down 0. 9% at 19,608. 51 in afternoon trade on Wednesday.
US open: Stocks trade lower amid data onslaught
Wall Street stocks were mostly in the red amid a slew of data following the Dow Jones' record-breaking close in the previous session.
Ncondezi raises £0.75m for general working capital
Ncondezi Energy has raised £0. 75m before expenses through an oversubscribed placing, it announced on Wednesday, for general working capital purposes.
Sensyne Health signs five-year deal with NHS Hampshire Hospitals
Clinical artificial intelligence (AI) company Sensyne Health has signed a five year non-exclusive strategic research agreement with Hampshire Hospitals NHS Foundation Trust, it announced on Wednesday.
Future to buy GoCo; FY results beat expectations
Media platform Future said on Wednesday that it has agreed to buy GoCo in a deal that values the GoCompare owner at 136p a share, as it reported a jump in full-year profit and revenue.
FTSE 100 movers: Banks under the cosh; Melrose rallies
London's FTSE 100 was down 0. 5% at 6,398. 46 in afternoon trade on Wednesday.