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UK house prices rise as supply dwindles - RICS
UK house price growth accelerated in April because of a shortage of homes in a market boosted by the response to the Covid-19 crisis, a survey showed on Thursday.
Thursday preview: US Producer prices, Rolls Royce in focus
Investors' focus on the US will continue to be trained on the US, where factory gate price data for April are due out.
Europe close: Stocks hold onto small gains despite US CPI data
Positive corporate earnings helped keep a bid in European stocks even as investors' worries over rising inflation in the US materialised in the form of a much higher than expected inflation print for April.
Biden administration approves first major offshore wind farm in US
The Biden administration has given the green light for the construction and operation of the 800 megawatt (MW) Vineyard Wind 1 project, the first major offshore wind farm in the US.
London close: Stocks mixed as US inflation comes in hot
London stocks closed in a mixed state on Wednesday after heavy losses in the previous session, as investors digested a serious pick-up in inflation across the pond, and mulled UK GDP data.
Broker tips: Tyman, Ashtead
Analysts at Liberum raised their target price on door and window components manufacturer Tyman from 425. 0p to 530. 0p on Wednesday after last week's "very strong trading update" from the group.
Eden Research signs exclusive deal with Corteva Agriscience
Crop protection, animal health and consumer products bio-control technology company Eden Research announced the signing of an exclusive commercialisation, supply and distribution agreement with Corteva Agriscience on Wednesday, for its first seed treatment product.
Xeros partner launches washing machine with its technology
Clothing and fabrics sustainability and economics technology company Xeros Technology Group announced on Wednesday that its licence partner in China, Jiangsu SeaLion Machinery Company, had launched its ‘Hydrology’ brand, comprising a range of commercial washing machines incorporating its ‘XOrb’ and ‘XDrum’ technologies.
Director dealings: Angling Direct CEO makes share purchase
Angling Direct revealed on Wednesday that chief executive And Torrance had acquired 25,000 ordinary shares in the AIM-listed fishing tackle and equipment retailer.
President pleased with waterflooding at Puesto Flores
Exploration and production company President Energy updated the market on its activities in the Rio Negro province in Argentina on Wednesday, reporting that the pilot waterflooding project in the Puesto Flores field was showing “concrete signs of success”.
MoneyGram to let crypto holders cash in investments
MoneyGram is teaming up with cryptocurrency exchange Coinme to allow crypto holders to cash in their investments at locations across the US.
Delivery Hero announces German expansion plans in challenge to Just Eat
Delivery Hero unveiled plans to enter the German market in summer with its foodpanda brand.
FTSE 250 movers: UDG surges on takeover news; Just Eat tumbles
London’s FTSE 250 was flat at 22,175. 65 in afternoon trade on Wednesday.
US open: Stocks lower following CPI reading
Wall Street stocks opened lower yet again on Wednesday following the release of April's consumer price index.
BMW plans limited series hydrogen fuel cell SUV for 2022
German carmaker BMW plans to unveil a limited series hydrogen fuel cell model SUV in 2022 as the company continues to research zero-emission alternatives to battery-electric cars.
US CPI rises at fastest pace in over a decade
April's consumer price index rose 4. 2% year-on-year, according to the Labor Department, ahead of estimates for a print of 3. 6% and the fastest pace of increase since September 2008.
FTSE 100 movers: Diageo rallies after update; Flutter in the red
London’s FTSE 100 was up 1% at 7,015. 26 in afternoon trade on Wednesday, following heavy losses a day earlier.
Business leaders call on G7 to 'seize the moment'
Business organisations from some of the world’s richest economies have called on G7 leaders to collaborate closely as they rebuild the global economy post Covid-19 and tackle the "seismic" challenges that lie ahead.
VR Education rises on HTC product announcement
Virtual reality (VR) technology company VR Education updated the market on its partnership with HTC, which is a Taiwan-based consumer electronics company that specialises in VR technology, and holds a 20% stake in VR Education.