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Europe close: Stocks mostly higher led by miners, oil producers
Stocks in Europe finished mostly higher following the latest quarterly updates from US banking giants Goldman Sachs and JP Morgan.
'Green demand' to drive record tight copper balances, Goldman Sachs says
Strategists at Goldman Sachs reiterated their 'bullish' stance for a select group of global copper miners, predicting that so-called 'green demand' would drive the tightest balances ever over the next decade.
London close: Miners lead stocks slightly higher
London stocks finished in the green on Wednesday, although the gains were less than spectacular as investors continued to fret about the vaccine rollout in Europe, after the Johnson & Johnson jab was suspended due to blood clot concerns.
Broker tips: Gamesys, Restaurant Group, XP Power
Analysts at Canaccord Genuity lowered their rating on Gamesys from 'buy' to 'hold' on Wednesday following the formal announcement of its proposed combination with Bally's.
Renold sees continued recovery in order intake
Industrial chain and power transmission products supplier Renold said on Wednesday that the recovery in both order intake and revenues had continued, with trading for the year ended 31 March in line with the board's revised expectations.
Director dealings: Bunzl CFO makes share sale
Bunzl revealed on Wednesday that chief financial officer Richard Howes had disposed of 19,383 ordinary shares in the FTSE 100-listed distribution company.
FTSE 250 movers: QinetiQ surges; Airtel slumps on placing
London’s FTSE 250 was up 0. 3% at 22,340. 08 in afternoon trade on Wednesday.
Adept acquires Datrix in £9m transaction
Managed IT services provider AdEPT announced the acquisition of Datrix on Wednesday, for initial cash of £9. 0m, funded through its new bank facility.
Bernard Madoff, Ponzi fraudster, dies in prison
Bernard Madoff, the money manager who swindled clients out of billions of dollars in the world's biggest Ponzi scheme, has died in prison aged 82.
Inland Homes makes progress at various projects
Brownfield developer Inland Homes updated the market on a number of its projects on Wednesday, reporting that at the Wessex site on West Cliff Road in Bournemouth, the sale of a new 105-bed hotel pre-let to Premier Inn for £0. 59m per annum had now been completed.
FTSE 100 movers: Glencore rallies on upgrade; Tesco down after results
London’s FTSE 100 was up 0. 7% at 6,936. 97 in afternoon trade on Wednesday.
US open: Stocks pick up early gains as Q1 earnings begin to roll in
Wall Street stocks were in the green early on Wednesday as market participants thumbed through some strong earnings from several of the nation's largest banks.
Denmark scraps use of AstraZeneca vaccine
Denmark has stopped using AstraZeneca's vaccine in its Covid-19 inoculation programme because of concerns about cases of rare blood clots.
EU will not renew AstraZeneca and J&J contracts after they expire
The European Commission will not renew its contracts with AstraZeneca and Johnson & Johnson for the supply of Covid-19 vaccine doses once they expire.
Wednesday broker round-up
Gamesys Group: Canaccord downgrades to hold with a target price of 1,878p.
UK to respond to EU legal action over NI checks in May
Britain agreed with the European Union that it would respond to legal action taken by the bloc on the implementation of trading rules in Northern Ireland by mid-May.
Wire messaging app raises $21m in funding round
Messaging app Wire has raised $21m via its latest series B funding round that was led by UVC Partners.
United Oil reports 'material increase' in Abu Sennan reserves
United Oil & Gas updated the market on the Abu Sennan concession, onshore Egypt on Wednesday, reporting that an independent reserves and resources report, relevant to the end of 2020, indicated a “material increase” in reserves.
Toshiba chair questions CVC bid after CEO quits
Toshiba's chairman expressed doubts about CVC's proposed $20bn bid for the Japanese conglomerate after the sudden departure of the company's chief executive.
Iran announces plans to enrich uranium up to 60%
Iranian President Hassan Rouhani said on Wednesday that the government plans to enrich uranium up to 60% purity in response to the recent attack on its key nuclear facility.