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Wednesday broker round-up
Lloyds Banking Group: RBC Capital Markets reiterates outperform with a target price of 5,100p.
US private payrolls grow by 742,000 in April
US private payrolls grew in April, with firms rallying to hike production amid a surge in demand.
FTSE 100 movers: CRH rallies on Jefferies note; Ocado falls
London’s FTSE 100 was up 1. 2% at 7,007. 03 in afternoon trade on Wednesday.
Issa brothers offer to sell petrol stations to seal Asda takeover
The Issa brothers have offered to offload 27 petrol stations as they seek regulatory approval for their £6. 8bn acquisition of supermarket chain Asda.
Berenberg hikes target price on Bellway
Analysts at Berenberg raised their target price on construction firm Bellway from 3,240. 0p to 4,180. 0p on Wednesday, stating the group's record land buying showed "fresh confidence".
Russia seeks additional fines against Twitter over banned content
Moscow is seeking additional fines worth $321,586 from Twitter for failing to remove content banned in the country fast enough.
Dianomi announces London market debut
Digital advertising specialist Dianomi is to debut on Aim, the London Stock Exchange’s junior market.
Co-Op slashes price of vegan food in quest to reduce emissions
The Co-operative Group slashed the price of its plant-based burgers and sausages to boost sales and reduce emissions.
McBride tumbles as it warns on profits
McBride shares tumbled on Wednesday after it warned on full-year profits, citing rising input costs.
Clarkson trading in line, hails 'encouraging' start to year
Shipping services firm Clarkson said on Wednesday that it is trading in line with its expectations and has made an "encouraging" start to the year.
JP Morgan stays 'overweight' on Barclays, says earnings recovery on track
Analysts at JP Morgan reiterated their 'overweight' stance and 210. 0p target price on shares of Barclays, telling clients that the lender's earnings recovery was on track despite management's messaging on costs.
Canaccord Genuity raises target price on Eckoh
Analysts at Canaccord Genuity raised their target price on software and services firm Eckoh from 75. 0p to 88. 0p on Wednesday, stating the group was "well-positioned" for the 2022 trading year and beyond.
US pre-open: Futures point to positive session as Q1 earnings season continues
Wall Street futures were in the green ahead of the bell on Wednesday, with more corporate earnings and comments from Treasury Secretary Janet Yellen in focus prior to the open.
Coral Products agrees sale of Merseyside premises
Plastic products company Coral Products has exchanged contracts for the sale of its freehold premises at North Florida Road, Haydock, Merseyside, to Glenbrook CP, it announced on Wednesday.
London midday: Miners pace the advance as metals prices rally
London stocks were firmly in the black by midday on Wednesday, underpinned by strength in the heavyweight mining sector.
Fed's Yellen says she is neither predicting nor recommending interest rate hikes
The head of the US Treasury issued a clarification of her earlier remarks on interest rates.
Supermarket shoppers return to stores as lockdown eases
Online grocery sales growth slowed in April as increasingly confident shoppers started returning to stores following the easing of lockdown restrictions, a survey showed.
Asset purchases not creating financial imbalances, Fed's Williams tells WSJ
A top US central bank official gave short shrift to the supposed need for the Federal Reserve to begin dialing back on its asset purchases.
Corcel defers grid connection obligations at Burwell
Battery metals-focussed exploration and development company Corcel updated the market on its operations on Wednesday, reporting progress on the Burwell energy storage project, with grid connection obligations extended to December.
Almost 20m more people affected by food crises in 2020
Almost 20m more people have been affected by food crises in 2020 triggered by armed conflicts, weather disasters and the Covid-19 pandemic, revealed the latest report from the Global Network Against Food Crises (GNAFC).