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Wednesday newspaper round-up: Evergrande, Credit Suisse, Halifax
The rescue of embattled Chinese property company Evergrande appears to have stalled, leaving the developer on the brink of default and threatening to unleash contagion through the country’s giant real estate sector, home prices and the economy. The problems enveloping Evergrande, which has eyewatering total debts of $305bn, have hung over global financial markets in recent weeks and helped curb China’s post-pandemic recovery. - Guardian.
US close: Stocks mixed as earnings season rolls on
Wall Street stocks closed in a mixed state on Wednesday, with the S&P 500 recording its sixth winning session on the trot.
Europe close: Shares end higher despite mixed corporate updates
European shares finished higher on Wednesday even as investors digested a mixed bag of corporate earnings news.
London close: Stocks mixed after inflation comes in below forecasts
London stocks finished in a mixed state on Wednesday, after the latest UK inflation figures showed price increases taking a dip in September.
Broker tips: Moneysupermarket, System1
Analysts at Berenberg upped their rating on price comparison website business Moneysupermarket. com from 'hold' to 'buy' on Wednesday, stating it believes the shares were being valued on "trough earnings at trough multiples".
Thursday preview: Fed's Waller, Barclays in focus
Investors´ attention on Thursday will be on possible policy-relevant remarks from US Federal Reserve governor Christopher Waller.
Director dealings: Mondi chairman raises stake
Mondi revealed on Wednesday that chairman Philip Yea had acquired 5,000 ordinary shares in the FTSE 100-listed paper and packaging group.
StanChart among possible bidders for Citi's consumer banking assets in Taiwan
StanChart is among the lenders planning to table bids for Citigroup's Taiwanese consumer banking assets.
Shaftesbury portfolio value rises as West End revival gathers pace
Shaftesbury said on Wednesday that the value of its portfolio has risen, with occupancy and footfall continuing to recover as the revival of the West End gathers pace.
CloudCoCo makes two more technology acquisitions
Managed IT and communications service provider CloudCoCo announced two further acquisitions on Wednesday, supporting its stated goal of becoming a “significant player” in the fast-growing UK technology sector.
ActiveOps set to turn in strong set of first-half results
Management process automation software company ActiveOps said on Wednesday that it had delivered a “strong performance” in the first half, evidencing the continued success of its ‘land and expand’ growth strategy.
Cora announces 13th set of results from Sanankoro drilling
West Africa-focussed gold company Cora Gold announced the 13th set of results from its largest-ever 40,000 metre drill campaign at the Sanankoro Gold Project in southern Mali on Wednesday.
US open: Stocks trade higher as Q3 earnings season continues
Wall Street stocks were in the green early on Wednesday after the S&P 500 recorded its fifth straight winning session a day earlier.
FTSE 250 movers: Shaftesbury gains after update; Trustpilot tumbles
London’s FTSE 250 was down 0. 2% at 23,005. 58 in afternoon trade on Wednesday.
Canaccord Genuity raises target price on System1
Analysts at Canaccord Genuity raised their target price on media outfit System1 Group from 380. 0p to 430. 0p on Wednesday after dat products made up almost half of the firm's second-quarter revenues.
FTSE 100 movers: Mining stocks, BA owner IAG in the red
London’s FTSE 100 was flat at 7,220. 01 in afternoon trade on Wednesday.
Novavax shares plummet on report of further delays in Covid-19 vaccine
Novavax's manufacturing problems may be more serious than previously thought and could hamper global efforts to fight Covid-19.
Biogen ups forecasts despite weak Alzheimer's drug sales
Biogen raised its full-year earnings guidance on Wednesday, despite weak sales of breakthrough Alzheimer’s drug Aduhelm.
System1 reports 'marked increase' in first-half sales
System1 said on Wednesday that the first half of its financial year saw a “marked increase” in sales of automated data products, including ‘Test Your Ad’.
Segro experiences 'strong' rent roll growth in Q3
Real estate investment trust Segro said on Wednesday that it had witnessed strong rent roll growth in the quarter ended 19 October as a result of "a busy period of lettings".