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Britain’s exit from the European Union is the cause of 2,500 finance jobs and €170bn in assets moving to France, said the governor of the Bank of France on Wednesday.
Iranian President Hassan Rouhani urged US President-elect Joe Biden on the day of his inauguration to return to the 2015 nuclear deal and to lift the sanctions on the Middle Eastern country.
Internet services provider Rural Broadband Solutions said on Wednesday that its customer base had grown since the company came into being by virtue of a reverse transaction in October 2020.
Dixons Carphone maintained full year guidance as it reported a sharp rise in electricals revenue over the Christmas period driven by people buying televisions and computers online during the coronavirus lockdown.
Specialist audio visual distributor Midwich Group said on Wednesday that, despite the ongoing challenges of the coronavirus pandemic, its trading recovery had continued in the second half and, as a result of a “strong close” in November and December, it now expected to report revenue for 2020 of more than £710m.
Software firm Craneware said on Wednesday that it had delivered "a strong performance" in the first half of the year against the ongoing backdrop of the pandemic and a volatile dollar exchange rate.
Eurozone inflation dipped in line with expectations in December as declines in countries such as Greece and Ireland offset rising prices in Poland and Hungary, official figures showed.
Credit Suisse downgraded GlaxoSmithKline to ‘underperform’ from ‘neutral’ on Wednesday, cutting the price target to 1,400p from 1,580p as it said multiple near-term and strategic challenges make for limited upside versus peers.
Cell engineering specialist MaxCyte said on Wednesday that 2021 revenues were likely to grow at a faster than initially expected rate at the same time as it posted a solid set of earnings for 2020.
British Airways and Iberia parent IAG has revised the terms of its deal for Spanish budget airline Air Europa and will now pay €500m, down from a previous price of €1bn.
European stocks opened higher on Wednesday as investors awaited the inauguration of Joe Biden as the next US President and were cheered by prospects of a large stimulus package for the American economy.
