UK economic growth has been lifted to 6. 5% this year and 6% in 2022, said Finance Minister Rishi Sunak.
German import prices rose at their fastest clip since the second oil price crisis of 1981 in September.
Online digital platform operator ULS Technology said on Wednesday that interim pre-tax losses were lower than expected as revenues from continuing operations increased year-on-year.
Wall Street futures were pointing to a broadly flat open ahead of the bell on Wednesday as investors prepped for a veritable array of quarterly earnings reports.
Santander UK saw profits before tax leap over the first nine months of the year, alongside an improvement in the lender's net interest margins and a big drop in costs.
GlaxoSmithKline upgraded its full-year earnings per share guidance on Wednesday as it posted a jump in third-quarter sales.
London stocks had edged a little lower by midday on Wednesday amid weakness in the mining sector, as investors eyed the well-leaked autumn Budget.
European stocks were lower on Wednesday as investors awaited the UK Budget and mulled mixed earnings reports.
Coral Products reported a “very strong” first half in a trading update on Wednesday, saying it would report sales and profit before tax “substantially ahead” of the same time last year.
Bitcoin suffered sharp falls on Wednesday, losing $60,000 and then $59,000 in the blink of an eye, after being locked in a narrow trading range in recent days between $60,000 and $63,000. Meanwhile, the extremely bullish sentiment seems to be taking a breather. The drops are down 7% for the queen of cryptocurrencies up to October 15 minimums, prior to the launch of the US ETFs, while the rest of the market is also in the red and the total capitalization losses are more than $120 billion, up to $2.
Stock markets in Asia closed weaker on Wednesday, as investors digested the latest manufacturing data out of China, as well as inflation figures from Australia.
Actionable data and business insight provider Vianet Group said on Wednesday that revenues had recovered strongly during the first half of the trading year.
On The Beach said on Wednesday that it had experienced "suppressed trading" in the second half of the year due to Covid disruptions.
IT managed services provider Redcentric said on Wednesday that trading for the six months ended 30 September was projected to have been in line with expectations.
Video games label, developer and creative services provider Team17 announced on Wednesday that its StoryToys subsidiary was launching a Lego Duplo Marvel mobile app alongside the Lego Group and Disney division Marvel Entertainment.
Video games and entertainment design, development and publishing service provider Sumo Group has agreed a revised revolving credit facility with Clydesdale Bank, it announced on Wednesday.
Bloomsbury Publishing reported a 29% improvement in revenue in its unaudited interim results on Wednesday, to £100. 7m, while profit before tax rocketed 265% to £11. 1m.
Temenos shares surged on Wednesday following a report that Swedish buyout firm EQT is considering a potential acquisition of the Swiss banking software specialist.
Revolution Beauty announced on Wednesday that its Revolution Beauty Holdings subsidiary has acquired the entire issued share capital of Medichem Manufacturing for £23m, subject to a net assets adjustment.
Technology solutions provider Accesso Technology said on Wednesday that it had seen a "continued strong performance" through September and into the October trading period, leading it to raise its full-year revenue guidance.