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London midday: Stocks in the red as inflation concerns weigh
London stocks had fallen further into the red by midday on Wednesday amid concerns about rising inflation after the latest set of figures from China and ahead of US data later in the week.
Europe open: Markets cautious as China inflation, UK Covid worries weigh
European shares opened Wednesday’s session slightly lower as China inflation data and a rising number of UK Covid cases kept a lid on sentiment.
Newmark Security trades broadly in line with expectations in H2
Security systems services company Newmark Security said on Wednesday that second-half trading continued to "broadly in line with management's expectations", with the firm putting on an improved performance over the first six months of the trading year.
Keras completes construction at Diamond Creek phosphate mine
Keras Resources announced on Wednesday that construction of the processing plant at Diamond Creek, the high-grade organic phosphate mine in Utah, has been completed, and that commissioning had started.
Anexo YTD trading in line with management expectations
Credit hire and legal services provider Anexo Group said on Wednesday that overall trading had continued to perform in line with management expectations.
Major Simec Atlantis shareholder challenging appointment of receivers
Sustainable energy generation and technology company Simec Atlantis Energy updated the market on the appointment of receivers over all of the shares of its major shareholder, Simec UK Energy Holdings (SUEH), a British Virgin Islands company, on Wednesday.
TomCo joint venture inks deal to acquire Utah land
United States oil development company TomCo Energy announced on Wednesday that its 50-50 joint venture with Valkor, Greenfield Energy, has entered into an agreement with Endeavour Capital Group and Tar Sands Holdings II (TSHII) over the potential acquisition of up to 100% of the ownership and membership rights and interests in TSHII.
SSP losses widen, but UK, North America trade better since March
Train station and airport food cafe operator SSP Group reported wider interim losses as Covid travel restrictions closed its outlets, but added trading had improved in the UK and North America since the end of March.
Manx Financial acquires 10pc of Rivers Finance Group
Manx Financial Group announced the acquisition of 10% of the issued share capital of Rivers Finance Group on Wednesday, through its wholly-owned subsidiary Bradburn.
Blancco Technology achieves 'significant' H2 revenue growth
Data erasure firm Blancco Technology said on Wednesday that it has achieved "significant growth" in revenue through the second half of the trading year.
Sirius Real Estate considering issue of senior unsecured bonds
Sirius Real Estate said on Wednesday that it is assessing the opportunity to issue senior unsecured bonds, "as part of a broader strategy to move to a funding structure more balanced between secured and unsecured debt".
China's producer prices grow at fastest rate since 2008
China’s factory gate prices have risen at their fastest pace in nearly 13 years, official data showed on Wednesday, fuelled by the global rally in commodity prices.
Yourgene inks agreement with US-based precision medicine company
Molecular diagnostics group Yourgene has inked a licence and supply agreement with an unnamed American precision medicine company.
Asia report: Stocks mixed as producer prices surge in China
Stocks finished in a mixed state in Asia on Wednesday, as investors pored through the latest inflation data out of China.
RBC lowers target for 'jam tomorrow' IWG
Analysts at RBC trimmed their target price for shares of IWG following a profit warning from the serviced offices provider the day before due to the lower occupancy rebound.
BoE's Haldane says economy going 'gangbusters'
The Bank of England's top economist said the central bank may need to look at turning off the monetary policy taps given the 'gangbusters' economy.
Earnings fall as portfolio expands at Urban Logistics
Urban Logistics reported a total property return of 17. 1% in its full-year results on Wednesday, up from 10. 1% in the prior year, as its net rental income advanced 88% to £22. 9m.
US State Department downgrades travel warnings for raft of countries
The US State Department eased its travel warnings for dozens of countries overnight.
Jadestone still working on approval for New Zealand acquisition
Asia-Pacific focussed oil and gas production company Jadestone Energy updated the market on the planned acquisition of a 69% operated interest in the Maari asset in shallow water offshore New Zealand on Wednesday.
Seeing Machines appointed to Australian defence sector programme
Computer vision technology company Seeing Machines has been appointed by CAE Australia to integrate its eye-tracking technology for an Australian defence industry customer, it announced on Wednesday.