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GetBusy finishes year 'slightly ahead' of expectations
Document and task management software company GetBusy updated the market on its trading for 2020 on Wednesday, reporting that its performance had continued strongly since its last update in September.
Morgan Stanley flies past Q4 estimates after year of acquisitions
Morgan Stanley beat Wall Street's estimates for its fourth quarter, capping a record year for the lender which saw it acquire ETrade and Eaton Vance.
Canaccord raises target price on Travis Perkins
Analysts at Canaccord Genuity raised their target price on builders' merchant and home improvement retailer Travis Perkins from 1,360. 0p to 1,450. 0p on Wednesday after tweaking estimates ahead of the group's full-year results in early March.
Barclays initiates coverage of Randall & Quilter at ‘overweight’
Barclays initiated coverage on shares of Randall & Quilter at ‘overweight’ on Wednesday, arguing the current price does not full reflect the positive fundamentals of the company’s equity story.
NICE approves Amryt's Myalepta for reimbursement in England and Wales
Commercial-stage biopharmaceutical company Amryt Pharma announced on Wednesday that the National Institute for Health and Care Excellence (NICE) has approved ‘Myalepta’, or metreleptin, for reimbursement in England and Wales.
Alibaba shares rebound as founder resurfaces after three months
Alibaba’s founder Jack Ma resurfaced after a three month hiatus from public appearances, speaking to 100 rural teachers through a video call, which sent stock in his company more than 8% higher on Wednesday on the Hong Kong stock exchange.
London midday: Stocks drift ahead of Biden inauguration
London stocks had pared earlier gains by midday on Wednesday as sterling gained, with investors looking ahead to Joe Biden’s inauguration as US President, as they mulled the latest UK inflation data.
UK house prices soar to fresh highs - ONS
UK house prices rocketed to fresh highs in November, official data showed on Wednesday, with the average cost of buying a home in London topping £500,000 for the first time.
Jefferies downgrades Wood Group, warns of likely revisions to revenue forecasts
Jefferies has downgraded Wood Group ahead of potentially "significant" downward revisions to 2021 revenues.
US pre-open: Stocks called to open higher ahead of Biden inauguration
Wall Street futures had stocks opening higher ahead of the bell on Wednesday prior to president-elect Joe Biden's inauguration later in the day.
Europe midday: Shares gain on US stimulus optimism
European stocks were still higher on Wednesday as investors awaited the inauguration of Joe Biden as the next US President and were cheered by prospects of a large stimulus package for the American economy.
Brexit has led to loss of 2,500 British finance jobs and €170bn moving to France
Britain’s exit from the European Union is the cause of 2,500 finance jobs and €170bn in assets moving to France, said the governor of the Bank of France on Wednesday.
Iran urges Biden to return to 2015 nuclear deal
Iranian President Hassan Rouhani urged US President-elect Joe Biden on the day of his inauguration to return to the 2015 nuclear deal and to lift the sanctions on the Middle Eastern country.
JP Morgan cuts Ryanair to 'neutral' on weaker earnings
JP Morgan cut Ryanair shares to 'neutral' but stayed positive on Wizz Air as the bank reduced earnings forecasts for European budget airlines.
Rural Broadband Solutions grows customer base following reverse transaction
Internet services provider Rural Broadband Solutions said on Wednesday that its customer base had grown since the company came into being by virtue of a reverse transaction in October 2020.
Asia report: Markets mostly higher as China stands pat on rates
Markets in Asia closed mostly higher on Wednesday, as China stood pat on interest rates, with Chinese internet giant Alibaba in focus.
Online sales boom fuels Dixons Christmas revenues
Dixons Carphone maintained full year guidance as it reported a sharp rise in electricals revenue over the Christmas period driven by people buying televisions and computers online during the coronavirus lockdown.
Midwich ends year ahead of profit expectations
Specialist audio visual distributor Midwich Group said on Wednesday that, despite the ongoing challenges of the coronavirus pandemic, its trading recovery had continued in the second half and, as a result of a “strong close” in November and December, it now expected to report revenue for 2020 of more than £710m.
Hornby Q3 sales grow year-on-year
Models and collectables manufacturer Hornby said group sales for the third quarter were positive and ahead of the same period last year.
Fourth-quarter fee revenues slip at RPS
RPS Group reported a slide in fourth-quarter revenues on Wednesday as the Covid-19 pandemic continued to weigh on performance.