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London midday: Stocks pare losses as housebuilders rally
London stocks had pared earlier losses by midday on Wednesday, helped along by a strong showing in the housebuilding sector, as investors digested the latest UK GDP reading.
KPMG made 'untruthful' defence in Silentnight case - FRC
KPMG mounted an untruthful defence and withheld evidence from regulators as it tried to cut a fine for misconduct during the sale of bed maker Silentnight, the UK’s accounting watchdog said on Wednesday.
Bitcoin aims for record highs and above, to hit $100,000
Bitcoin is holding ground above the $53,000 resistance, which has turned now into a support level for the cryptocurrency, and has a cleared path ahead to the big resistance level of record highs at $65. 530 (the future trading price).
Bitcoin faces short term selling pressure after approaching the $60,000 psychological barrier
Bitcoin´s October rally lost steam after the cryptocurrency approached the psychological $60,000 barrier and fell nearly 4. 5% on Wednesday. However, with recent highs near $58,000, according to CoinMarketCap, and holding at prices not seen since May, experts maintain their optimistic view that it will reach the all-time highs of mid-April sooner rather than later.
Vertu reports record first half, boosts profit guidance
Vertu Motors has upped its full-year guidance after interim revenues and profits powered ahead, prompting it to resume dividend payments.
Asia report: Markets mixed as China trade data goes both ways
Markets were mixed in Asia on Wednesday, with equities in mainland China marching ahead after the release of the latest trade data.
HSBC upgrades Britvic to ‘buy’, shares fizz higher
HSBC upgraded shares of drinks maker Britvic to ‘buy’ from ‘hold’ on Wednesday and lifted the price target to 1,050p from 900p on a better outlook.
Made Tech secures largest contract win to date
Data and technology services provider Made Tech Group said on Wednesday that it had been awarded its largest contract to date, worth approximately £7. 0m over the next two years.
Halfords appoints Virgin Active exec Jo Hartley as new CFO
Halfords has appointed Jo Hartley as its new chief financial officer, succeeding Loraine Woodhouse.
HICL lowers stake in PPP project to fund Bradford Schools acquisition
Infrastructure investment company HICL Infrastructure said on Wednesday that it had made two transactions, acquiring an interest in one project while lowering its take in another.
Carnival names John Padgett as Princess president
Cruise line operator Carnival said on Wednesday that John Padgett had been tapped to take over as president of Princess Cruises, effective immediately.
RHI Magnesita slumps on RBC Capital downgrade
RHI Magnesita tumbled on Wednesday after RBC Capital Markets downgraded the shares to ‘sector perform’ from ‘outperform’ and cut the price target to 3,700p from 4,750p.
Just Eat Q3 orders rise 25%; US market weak
Online food delivery service Just Eat Takeaway. com reported a 25% rise in third quarter orders to 266 million, missing analysts’ estimates of 287 million.
Man Group FUM hit new record high amid strong net inflows
Active management business Man Group said on Wednesday that funds under management had grown to a fresh record high in the three months ended 30 September thanks to strong net inflows throughout the period.
London open: Stocks fall after GDP data; Barratt bucks trend
London stocks fell in early trade on Wednesday as investors digested the latest UK GDP reading.
Centrica postpones capital markets event
Electric services company Centrica said on Wednesday that it had decided to postpone its capital markets event scheduled for 16 November.
Marstons sales rebound to growth over pre-pandemic levels in Q4
Pub company Marston's reported a rebound in sales during the fourth quarter over pre-Covid pandemic levels as lockdown restrictions eased over the year.
UK economy grows a little less than expected in August
The UK economy grew a touch less than expected in August despite the easing of Covid measures, according to figures released on Wednesday by the Office for National Statistics.
Barratt still seeing strong demand, Diversified shares tumble on gas leak reports
The FTSE 100 is expected to open 16 points lower on Wednesday, having closed down 0. 23% at 7,130. 23 on Tuesday.
Barratt says demand strong despite tapering of Help to Buy
House builder Barratt said strong demand for its homes had continued over the past three months with sales above pre-pandemic levels despite a reduction in government incentives.