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Thursday preview: US data barrage, Barclays in the spotlight
Financial markets' attention on Thursday will continue to be trained on the US where investors will be digesting a barrage of key economic indicators.
Europe close: Stocks dragged down by concerns over inflation, rising bond yields
European shares finished lower as concerns that higher near-term inflation and rising government bond yields might eventually sap the strength in equities, although not all analysts were of that view.
Asset manager Team prepares to float on AIM
TEAM unveiled its plans to pursue a listing on the London Stock Exchange's junior market on Wednesday.
London close: Stocks finish weaker after surprise jump in inflation
London stocks closed in the red on Wednesday, as investors mulled an unexpected uptick in UK inflation.
PetroTal issues $100m senior bond
PetroTal announced the issue of the $100m senior secured bonds on Wednesday, having initially announced the bonds on 2 February.
Broker tips: Gulf Keystone, Shaftesbury, Capital & Counties
Analysts at Canaccord Genuity raised their target price on exploration and production firm Gulf Keystone from 215. 0p to 235. 0p on Wednesday, stating the group's recent reserves update had confirmed the scale of the Shaikan field, of which it holds an 80% working interest.
Director dealings: Trainline CEO makes share sale
Trainline revealed on Wednesday that chief executive Clare Gilmartin had disposed of 84,158 ordinary shares in the FTSE 250-listed ticketing platform operator.
Dr Martens treads close to FTSE 100 as reshuffle looms
Dr Martens could boot its way straight into the FTSE 100 after the footwear brand's shares surged following its successful flotation.
New York Attorney General files suit against Amazon
New York Attorney General Letitia James has filed suit against Amazon, claiming the online retail giant had failed to provide workers with a safe environment at two of its warehouses in the state amid surging Covid-19 infections.
FTSE 250 movers: Indivior gains ahead of results; Trainline chugs lower
London’s FTSE 250 was down 1% at 21,196. 85 in afternoon trade on Wednesday.
DeepVerge upbeat on progress at Modern Water
Environmental and life sciences artificial intelligence company DeepVerge said on Wednesday that, since the offer for the acquisition of Modern Water was completed on 17 November, contractual obligations had been signed for the production of water contamination equipment worth $5m (£3. 6m) to meet its obligations with distributors and customers.
US industrial output and capacity use beat forecasts in January
Industrial production in the US grew slightly more quickly than anticipated in January, helped by the ongoing rebound in the oil patch, although the output of many goods including energy, remained below their year-earlier levels still.
FTSE 100 movers: Hargreaves Lansdown in the red; Rio rallies
London’s FTSE 100 was down 0. 6% to 6,707. 93 in afternoon trade on Wednesday.
US open: Stocks in the red amid data onslaught
Wall Street stocks were in the red early on Wednesday after the Dow Jones hit yet another all-time high in the previous session.
PetroNeft agrees new $2.9m loan facility
Russia-focussed oil and gas exploration and production company PetroNeft announced a new $2. 9m convertible loan facility on Wednesday, providing greater headroom for it to develop value.
Evgen makes progress with recruitment in 'STAR' trial
Clinical stage drug development company Evgen Pharma said on Wednesday that a total of 102 patients had been recruited and randomised to the ‘STAR’, or ‘SFX-01 Treatment for Acute Respiratory infections’, trial.
US final demand prices jump past forecasts in January
Wholesale inflation rose more quickly than expected at the start of 2021 on the back of a jump in energy and services prices.
Jefferies says Shaftesbury, Capco to benefit from rise in consumer spending
Jefferies upgraded London landlords Shaftesbury and Capital & Counties on Wednesday, arguing that they should benefit from a rise in consumer spending once Covid-19 restrictions are eased.
US retail sales rocket in January
Retail sales volumes in the US shot higher last month with across the board strength in all categories.
Canaccord nudges up target price on Gulf Keystone
Analysts at Canaccord Genuity raised their target price on exploration and production firm Gulf Keystone from 215. 0p to 235. 0p on Wednesday, stating the group's recent reserves update had confirmed the scale of the Shaikan field, of which it holds an 80% working interest.