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Berenberg upgrades Vodafone to 'buy', sees higher growth than at BT
Analysts at Berenberg upgraded their recommendation for shares of Vodafone to 'buy', pointing three drivers which they argued would allow the company to deleverage and close its valuation discount versus peers.
EU regulator approves Moderna Covid-19 jab
The European Union’s drugs regulator has authorised Moderna’s Covid-19 vaccine making the jab the second to receive the watchdog’s approval.
US private sector unexpectedly sheds jobs in December
Private sector employment in the US unexpectedly fell in December as the Covid-19 crisis took its toll on the leisure and hospitality sector, according to the latest figures from the ADP.
AmerisourceBergen to buy Walgreens’ distribution business for $6.5bn
AmerisourceBergen has agreed to buy Walgreens Boots Alliance’s distribution business, Alliance Healthcare, for around $6. 5bn.
US pre-open: Stock futures mixed as Democrats appear on course to control Senate
Wall Street futures were pointing to a mixed open ahead of the bell on Wednesday as the Democratic Party looked set to take control of the Senate.
Europe midday: Shares hold gains as investors eye Democrat win in Georgia
European stocks were holding gains on Wednesday as oil and bank stocks led the way with all eyes on a potential clean sweep for the Democrats in the Georgia US senate runoffs.
Crisis hits more than 500 UK company dividends
More than 500 UK-listed companies scrapped, cut or suspended dividend payments in 2020 as the Covid-19 crisis threatened their finances, a survey showed.
London midday: Stocks extend gains on US stimulus hopes
London stocks had extended gains by midday on Wednesday as investors bet that a Democrat-controlled Senate in the US would lead to further stimulus.
ShoreCap rates Greggs a 'sell' as working from home hits business model
Analysts at Shore Capital have issued a ‘sell’ recommendation on Greggs shares, arguing that more people working from home during the Covid pandemic was a “game changer” for the High Street baker.
Silence Therapeutics taps Craig Tooman for CFO
Drug discovery outfit Silence Therapeutics has named Craig Tooman as its new chief financial officer.
Asia report: Markets mixed as China service sector growth slows
Markets in Asia finished in a mixed state on Wednesday, as investors digested fresh data on China’s services sector, while Donald Trump issued a ban on transactions with a number of Chinese software companies.
Top CEO pay to outstrip workers' annual earnings today
Top bosses will be paid more in the first three days of 2021 than the average UK worker earns all year, according to research.
Shearwater inks supply agreement with mystery fashion retailer
Organisational resilience group Shearwater said on Wednesday that it has secured a five-year supply agreement with an unnamed, New York-based fashion retailer.
Clipper Logistics reports 'unprecedented' levels of activity
Clipper Logistics reported a rise in revenues on Wednesday, saying it had seen "unprecedented" levels of activity in its UK and Continental Europe logistics operations over the Black Friday and Christmas periods.
Equals Group FY revenues set to top market expectations
International payments group Equals said on Wednesday that recent strong trading had continued, with full-year revenues now expected to come in ahead of market expectations.
Water Intelligence reacquires Seattle franchise in $5.5m deal
Leak detection and remediation services company Water Intelligence has reacquired the Seattle franchise of its American Leak Detection (ALD) subsidiary, it announced on Wednesday.
Takcapital's Lucyd surpasses smart eyewear crowdfunding goal
Tekcapital updated the market on its portfolio smart eyewear and wearable software company Lucyd on Wednesday, reporting that it had surpassed its $0. 4m (£0. 29m) crowdfund goal for its subsidiary Innovative Eyewear.
Revenues fall, losses widen in tough year for Egdon Resources
UK-based exploration and production company Egdon Resources reported a 56% fall in gross oil and gas revenues in its preliminary results on Wednesday, to £0. 96m.
Greggs forecasts £15m loss as sales decline slows
High Street bakery chain Greggs said profits would not return to pre-coronavirus levels until 2022 at the earliest and forecast a loss of up to £15m this year.
UK services drop as Covid-19 restrictions bite
UK services activity dropped in December and margins came under pressure from rising costs and discounted prices, a survey showed.