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Wednesday newspaper round-up: LV=, Bulb, Asda
The insurer LV= will be taken over by a company based offshore in Jersey if members agree to deal orchestrated by US private equity firm Bain Capital that would see it lose its historic mutual status. Bain has established a Jersey-based company called BCC Blake Bidco Ltd to carry out the takeover, according to correspondence between an independent expert and Gareth Thomas, a Labour MP and shadow minister of international trade. - Guardian.
US close: Street finishes mixed after tsunami of pre-Thanksgiving data
Wall Street closed in a mixed state on Wednesday, amid a sea of data points and rising rates.
US Q3 GDP revised a tad higher
America's economy expanded at a slightly quicker pace than previously estimated during the third quarter.
Europe close: Stocks end on a mixed note amid more selling in the euro
European shares finished on a mixed note on Wednesday as weak German business survey data and rising Covid cases in the region hit sentiment.
US consumer confidence edges past forecasts in October
Consumer confidence in the US edged past forecasts last month but Americans were the least upbeat about their personal finances and the overall economy than at any other time over the preceding decade.
London close: Stocks mixed after historic low for US jobless claims
London stocks were once again mixed at the close on Wednesday, as investors digested historic lows for jobless claims figures across the pond, as well as a surge in factory orders on home shores.
Broker tips: Alpha FMC, Deliveroo, Just Eat, Hochschild Mining
Analysts at Berenberg raised their target price on asset and wealth management industry consultant Alpha Financial Markets Consulting from 420. 0p to 470. 0p on Wednesday, citing the group's accelerated first-half performance.
Director dealings: Londonmetric Property chairman lowers stake
Londonmetric Property revealed on Wednesday that chairman Patrick Vaughan had disposed of 400,000 ordinary shares in the FTSE 250-listed property investor.
Journeo inks three-year CCTV deal with Arriva UK Bus
Transport information systems and technical services company Journeo announced a three-year software-as-a-service (SaaS) contract for CCTV technology management with Arriva UK Bus on Wednesday.
MyHealthChecked launches two new Covid-19 test services
MyHealthChecked announced the launch of two home testing services for travellers entering and departing the UK on Wednesday.
Snapchat owner to more than double London office space - report
Snap Inc, the owner of photo messaging app Snapchat, has reportedly signed a deal that will more than double its London office footprint.
FTSE 250 movers: Genus tumbles; Hochschild recovers some ground
London’s FTSE 250 was down 0. 2% at 23,183. 20 in afternoon trade on Wednesday.
US open: Stocks trade lower amid a sea of data points
Wall Street stocks were in the red early on Wednesday amid a sea of data points and rising rates.
Personal income and spending rise more quickly than expected in October
Americans continued splashing out briskly last month with price gains continuing to accelerate alongside.
US foreign trade deficit falls sharply in October
America's shortfall on trade with the rest of the world dropped sharply last month amid a jump in exports.
FTSE 100 movers: Intertek rallies; Entain and Flutter slide
London’s FTSE 100 was up 0. 1% at 7,273. 99 in afternoon trade on Wednesday.
US durable goods orders miss forecasts in October, but underlying figures 'strong'
Orders for goods made to last more than three year undershot forecasts last month amid a decline in orders for airplanes, both civilian and military.
Landsec in talks to buy further stake in Bluewater - report
Landsec is reportedly in talks with Lendlease about the acquisition of a 25% stake in the Bluewater Shopping Centre in Kent in a £200m deal.
JP Morgan's Dimon retracts Chinese Communist party jibe
JP Morgan boss Jamie Dimon has expressed regret for saying his bank would outlast the Chinese Communist party.