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Green family to pay £50m contribution into Arcadia pension scheme
Philip Green’s family is to pay £50m into the Arcadia fashion group's pension scheme within the next 10 days, almost a year earlier than scheduled, after the company collapsed this week.
Thursday preview: Global services, Paragon Banking Group in focus
Investors will be focused on a raft of survey results for the global services sector on Thursday.
Europe close: Stocks end on mixed note, some analysts cautious
European shares finished on a mixed note on Wednesday, although news that Britain had approved a Covid-19 vaccine and that a bipartisan group of US congressmen was pushing for a $908m fiscal stimulus package helped stocks reverse early losses.
Sector movers: Oil&Gas stocks and Banks pace gains
Commodity and financial stocks were again at the top of the leaderboard in the middle of the week, helped by ongoing optimism around the macroeconomic outlook for 2021.
London close: Weaker pound helps lift stocks
London stocks closed in positive territory on Wednesday, helped along by a weaker pound, as UK approval of Pfizer’s Covid-19 vaccine for rollout next week failed to provide any meaningful boost to markets.
Broker tips: Barclays, Standard Chartered, Virgin Money, Redrow, Crest Nicholson, Bellway, Shell
Deutsche Bank increased its share price targets for the UK's banks and named Barclays, Standard Chartered and Virgin Money as its top picks with a wave of bad loans looming.
Director dealings: Robert Walters director snaps up shares
Robert Walters revealed on Wednesday that non-executive director Rohinton Moded had acquired 12,000 ordinary shares in the London-listed recruitment firm.
Tekcapital's Salarius launches snacks in North America
Intellectual property investor Tekcapital announced on Wednesday that portfolio company Salarius had successfully launched its ‘SaltMe’ snack line on Amazon in North America.
United Oil confirms rig contract for Abu Sennan
United Oil & Gas updated the market on the Abu Sennan licence in Egypt on Wednesday, where it holds a 22% working interest, including the signing of the rig contract for the ASH-3 well.
FTSE 250 movers: G4S jumps on improved GardaWorld offer; IWG falls
London’s FTSE 250 was up 0. 1% at 19,861. 98 in afternoon trade on Wednesday.
Marks & Spencer grateful for business rates relief
Marks & Spencer was not planning to return the business rates relief provided by the government during the pandemic.
US open: Stocks head south following disappointing ADP report
Wall Street stocks were lower at the bell on Wednesday after some disappointing data from the ADP.
EU set to approve LSE's $27bn Refinitiv acquisition - report
London Stock Exchange shares surged on Wednesday after a report that EU antitrust regulators are set to clear its $27bn (£20. 2bn) purchase of data analytics company Refinitiv.
FTSE 100 movers: LSE surges; housebuilders retreat
London’s FTSE 100 was up 1% at 6,447. 58 in afternoon trade on Wednesday.
TUI AG clinches 1.8bn euro support package including from German state
Travel operator TUI AG has clinched a financial support package with a group of investors that included the German government worth €1. 8bn.
Monzo raises additional £60m in funding
Monzo, the UK challenger bank which now has more than 4. 8m customers, has raised another £60m in funding.
Alien Metals upbeat on analysis from Hamersley project
Minerals exploration and development company Alien Metals has received final laboratory analysis of assays and submitted drilling plans to the Mines Department for the next stage exploration at its Hamersley iron ore projects in Western Australia, it announced on Wednesday.
Hyundai Motor to launch EV platform in 2021
South Korea’s Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year in a move to expand towards the EV sector.
UK communities to enter bid to host prototype nuclear fusion power plant
Communities in the UK are being asked to enter a bid to host a prototype nuclear fusion power plant.
Agronomics investment Solar Foods gets development grant in Finland
Agronomics announced on Wednesday that its portfolio company Solar Foods, which is developing the novel protein ‘Solein’, had received €4. 3m of new funding to support its €8. 6m development project for the commercialisation of Solein.