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US current account deficit widens by less than expected in Q1
America's shortfall on foreign trade and income flows with non-residents widened by less than anticipated at the start of the year.
Maestrano awarded paid pilot project with Union Pacific Railroad
Transport analytics artificial intelligence (AI) technology company Maestrano Group announced its first paid project with Union Pacific Railroad on Wednesday, which is the second largest Class 1 Railroad in the United States by track miles.
Lloyds Banking Group to close 44 additional branches
Britain's Lloyds Banking Group is axing an additional 44 bank branches across England and Wales in 2021, as part of a plan to cut costs.
Europcar said to have rejected €2.2bn bid from Volkswagen
Europcar has reportedly rejected a €2. 2bn bid from Volkswagen.
Profits strengthen at Old Mutual despite third wave
Old Mutual reported a rise in profits on Wednesday, but cautioned that South Africa’s economic recovery could be hindered by a third wave of Covid-19 infections and the slow pace of the continent’s vaccination programme.
Berenberg initiates coverage on VP at 'buy'
Analysts at Berenberg initiated coverage on specialist equipment rental group VP at 'buy' on Wednesday, citing a "mispriced high-quality recovery story".
HSBC downgrades Burberry after solid run
HSBC downgraded Burberry to ‘hold’ from ‘buy’ on Wednesday and cut the target price to 2,350p from 2,400p, saying it’s time to take a breather after a solid run.
GSK sets out ten-year vision, targets sales of £33bn
GlaxoSmithKline is targeting annual sales of more than £33bn once its consumer healthcare arm has been spun out, as it refocuses on vaccines and speciality medicines, the drugs giant announced on Wednesday.
US pre-open: Futures in the red after Nasdaq notches up another fresh record close
Wall Street futures were in the red ahead of the bell on Wednesday after the Nasdaq Composite saw out the previous session at yet another fresh record high.
Berkeley dismisses shift from London as FY profits rise on strong demand
Housebuilder Berkeley reported a rise in annual profits driven by sales of new homes in London and the South East and government support initiatives during the Covid pandemic.
Europe midday: Shares slip further on renewed inflation fears
European shares slipped further at midday on Wednesday as investors fretted over eurozone surveys showing rising prices, offsetting a better-than-expected rise in June activity and fuelling inflationary worries.
London midday: Stocks gain as investors mull PMIs
London stocks had gained ground by midday on Wednesday as investors digested the latest reading on the UK services and manufacturing sectors.
Inflationary worries resurface as eurozone June PMIs show prices rising
Soaring demand and rising prices in the eurozone in June have fuelled further concerns about inflation after a key survey showed June business activity in the region rising at its fastest rate in 15 years this month.
Joules profits to beat forecasts after bumper end to year
Full-year profits at Joules Group are set to beat expectations, after the clothing and lifestyle retailer reported a strong end to the year.
Hong Kong's Apple Daily to print last edition on Thursday
Hong Kong’s pro-democracy tabloid Apple Daily said it would print its last edition on Thursday after numerous raids by the police that ended with its owner and other staff arrested.
Ariana Resources upbeat on latest drilling at Kiziltepe
Europe-focussed exploration and development company Ariana Resources announced recent and substantial resource drilling results from the Derya area of the Kiziltepe Mine on Wednesday, which is part of the Zenit joint venture with Proccea and Ozaltin, being 23. 5% owned by Ariana.
UK economic recovery continues but inflationary pressures build - PMI
The UK’s economic recovery continued in June, research published on Wednesday showed, prompting a record hike in employment, but inflationary pressures gathered pace.
Condor Gold engages firm for La India plant design
Condor Gold has selected Hanlon Engineering of Tucson, Arizona, a wholly-owned subsidiary of GR Engineering Services (GRES), as the lead engineer to develop a feasibility study-level design for a new processing plant around the company’s recently-acquired new SAG mill at La India Project it Nicaragua, it announced on Wednesday.
Strong trading continues through first half at Directa Plus
Graphene nanoplatelet technology company Directa Plus said on Wednesday that the strong trading it had seen in the first four months of the financial year had continued through the rest of the half-year, with trading in line with market expectations.