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Euro zone August factory growth holds up as prices rise
Euro zone manufacturing growth continued to expand in August but supply chain problems due to the Covid-19 pandemic were pushing up prices, according to a survey published on Wednesday.
Lockdowns, Euro 2021 a winner for 888 Holdings
Online betting group 888 Holdings reported record interim profits and lifted annual guidance driven by a spike in volumes during Covid lockdowns and the European football tournament.
Wednesday newspaper round-up: Furlough scheme, Arm Holdings, Boots
The furlough scheme should be extended to protect workers in industries that continue to be damaged by the pandemic, business groups and unions have said as the job subsidy programme that has supported more than 11 million employees entered its final month. Aviation industry workers and staff at Britain’s airports should be allowed to remain on furlough until next year when travel restrictions are likely to be lifted and the airline industry returns to normal, they said.
SSP appoints CFO Jonathan Davies as deputy CEO
Upper Crust and Ritazza owner SSP said on Wednesday that Jonathan Davies has been appointed as deputy chief executive officer, alongside his current role of chief financial officer, with immediate effect.
Liberum hikes target for Alpha FX, says estimates 'conservative'
Analysts at Liberum hiked their target price on shares of Alpha FX after the currency management specialist reported a more than tripling in profits at the half-year stage.
ISM manufacturing PMI improves unexpectedly in August
Activity in American manufacturing accelerated unexpectedly last month, the results of perhaps the most closely-followed survey for the sector revealed.
US factory PMI points to continued fast growth - IHS Markit
US factory sector activity continued growing at a brisk clip last month, the results of a survey revealed.
Europe close: Stocks start month on the front foot
European stocks were mostly higher on Wednesday despite a slight slip in euro zone manufacturing survey data and a weaker than expected reading on a closely-followed jobs survey in the US.
UK house prices surge almost £5,000 in August
House prices surged in August, with the average property value across the UK increasing by almost £5,000 in just one month.
Financial Reporting Council issues KPMG with disciplinary formal complaint
The Financial Reporting Council has slapped KPMG, a former partner, and certain current and previous employees with a disciplinary formal complaint.
Canaccord raises target price on Kainos
Analysts at Canaccord Genuity hiked their target price on software firm Kainos from 1,515. 0p to 1,765. 0p on Wednesday, stating margin normalisation now looked set to begin.
London close: Stocks firmer on flurry of manufacturing data
London stocks managed a positive finish on Wednesday, even after investors had pored over a fresh set of uninspiring manufacturing data.
Google appeals 500m euro fine from French regulator
Google lodged a court appeal against the fine imposed by the French Competition Authority roughly two months before.
Merck starts third phase clinical trial to evaluate Covid-19 treatment molnupiravir
Merck and its Miami-based partner Ridgeback Biotherapeutics have started the third phase of its MOVEe-AHEAD clinical trial for molnupiravir, an investigational oral antiviral therapeutic against infection from Covid-19.
Thursday preview: US data, Melrose in focus
Financial markets' focus on Thursday will be on a barrage of US economic data, including the latest data for weekly jobless claims.
Grainger proposes placing of up to 67.38m new ordinary shares
Residential property business Grainger has proposed a placing of up to 67. 38m new ordinary shares, representing approximately 9. 99% of the company's issued share capital.
Broker tips: Alpha FX, Tyman, Kainos
Analysts at Liberum hiked their target price on shares of Alpha FX after the currency management specialist reported a more than tripling in profits at the half-year stage.
Director dealings: Optibiotix CEO ups stake
Optibiotix Health revealed on Wednesday that chief executive René Kamminga had purchased 8,188 ordinary shares in the AIM-listed life sciences firm.
Botswana Diamonds begins drilling at Thorny River
Botswana Diamonds announced on Wednesday that drilling has begun on its Thorny River project in South Africa.
FTSE 250 movers: Tyman surges on upgrade; WH Smith tumbles
London’s FTSE 250 was up 0. 6% at 24,245. 55 in afternoon trade on Wednesday.