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US government to spend $1.2bn on Merck Covid drug
The US government has committed to spending $1. 2bn on nearly 2m courses of Merck’s experimental Covid treatment, the American drug firm said on Wednesday.
Europe close: Stocks end on mixed note ahead of US CPI, ECB
European shares finished Wednesday's session on a mixed note as the latest China inflation data and a rising number of UK Covid cases kept a lid on sentiment.
Thursday preview: US CPI, Halma in the spotlight
Thursday will see the release of the week's key data point, a report on US consumer prices in May.
Numis ups Paragon estimates after strong first half
Numis has upped its earnings estimates for Paragon Bank after a strong set of results from the specialist buy-to-let lender.
London close: Stocks weaker on inflation concerns, weaker pound
London stocks had clawed back some earlier losses, but still closed in the red on Wednesday, amid concerns about rising inflation after the latest set of figures from China and ahead of US data later in the week.
Remote Monitored agrees to return control of Gyrometric Systems
Remote Monitored Systems announced on Wednesday that, alongside Braveheart Investment Group, it has agreed to return control of Gyrometric Systems to its founders David Orton, Dr Paul Orton and Dr Janet Poliakoff by transferring their shares to the founders for nominal consideration.
Broker tips: DiscoverIE, Smith & Nephew, IWG
Analysts at Berenberg raised their target price on components designer and manufacturer DiscoverIE from 850. 0p to 930. 0p on Wednesday, stating the group's full-year results were evidence that its business model was as equally effective in a downturn as it was in an upcycle.
Director dealings: Churchill China CEO ups stake
Churchill China revealed on Wednesday that chief executive David O'Connor had acquired 1,901 ordinary shares in the AIM-listed ceramics group.
FTSE 250 movers: Travel stocks rally; Paragon gives back some gains
London’s FTSE 250 was down 0. 5% at 22,786. 41 in afternoon trade on Wednesday.
US open: Stocks trade slightly higher ahead of tomorrow's CPI reading
Wall Street stocks traded slightly higher early on Wednesday as major indices continued to search for direction ahead of the release of May's consumer price index tomorrow.
FTSE 100 movers: IAG flies higher; Evraz in the red
London’s FTSE 100 was down 0. 3% at 7,078. 60 in afternoon trade on Wednesday.
Tungsten Corporation appoints new chief executive
Digital finance management software company Tungsten Corporation announced on Wednesday that chief executive officer Andrew Lemonofides, having overseen its recent transformation, would be leaving Tungsten at the end of June and would step down from the board with immediate effect.
Active Energy awarded Canadian patent for 'CoalSwitch'
Biomass-focussed renewable energy technology company Active Energy has been awarded a ‘notice of allowance’ for the Canadian patent for its ‘CoalSwitch’ process and the beneficiation of biomass, it announced on Wednesday.
Berenberg raises target price on DiscoverIE
Analysts at Berenberg raised their target price on components designer and manufacturer DiscoverIE from 850. 0p to 930. 0p on Wednesday, stating the group's full-year results were evidence that its business model was as equally effective in a downturn as it was in an upcycle.
Ncondezi Energy signs relationship deal with Captive Power
Ncondezi Energy updated the market on its pipeline of solar and battery storage projects in the commercial and industrial sector on Wednesday, reporting that its wholly-owned renewable energy subsidiary Ncondezi Green Power (NGP) and Captive Power (CPL) have signed a binding relationship agreement.
US pre-open: Futures mixed as major indices continue to look for direction
Wall Street futures were mixed ahead of the bell on Wednesday as major indices continued to search for direction ahead of the release of May's consumer price index tomorrow.
Credit Suisse highlights 'underappreciated growth drivers' at Smith & Nephew
Credit Suisse upgraded shares of artificial hip and knee maker Smith & Nephew on Wednesday to ‘outperform’ from ‘neutral’, lifting the price target to 1,805p from 1,560p as it pointed to "underappreciated growth drivers".
Ryanair, BA 'could have broken consumer law' - CMA
Ryanair and British Airways could have breached consumer law by refusing to refund customers at the height of the pandemic, according to the Competition and Markets Authority.
Europe midday: Shares on hold as UK Covid worries dampen sentiment
European shares were slightly lower at midday on Wednesday’s as China inflation data and a rising number of UK Covid cases kept a lid on sentiment.
Inditex recovery on track as first-quarter sales beat forecasts
Inditex reported first-quarter profits ahead of expectations on Wednesday, as the Spanish retail giant’s recovery from the pandemic continued.