Stocks finished the Wednesday on a mixed note amid warnings from the World Health Organisation against unwinding quarantine or social-distancing measures prematurely, even as estimates of the likely huge economic toll of the pandemic continue to roll in.
London’s benchmark closed lower on Wednesday, as investor consternation over the impact of the Covid-19 coronavirus pandemic continued after a meeting of EU finance ministers failed to yield an agreement on how to tackle the crisis.
Analysts at Berenberg raised their target price on online stockbroker Plus500 from 860. 0p to 1,033. 0p on Wednesday but lowered their rating on the group from 'buy' to 'hold'.
Medica Group revealed on Wednesday that chairman Roy Davis had acquired 75,000 ordinary shares in the London-listed teleradiology firm.
London's second-tier index was trading firmly higher on Wednesday afternoon, outperforming peers on the Continent by a wide margin.
Analysts at Berenberg raised their target price on online stockbroker Plus500 from 860p to 1,033p on Wednesday but lowered their rating on the group from 'buy' to 'hold'.
Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its drilling operations at the SD-12X, or Sobhi, well, where it has a 100% working interest, in the South Disouq Exploration Permit, onshore Nile Delta in Egypt, on which it has a 55% working interest.
Biopesticides company Eden Research announced on Wednesday that its foliar biofungicide product ‘Mevalone’, branded ‘3LOGY’ in Italy and ‘Araw’ in Spain, has received certification for use in organic farming.
Samuel Heath & Sons updated the market on the impact of the Covid-19 coronavirus pandemic on Wednesday, reporting that it had seen the size of its order book “materially decrease”, as a number of its customers closed their operations, although some were still operating at reduced capacity.
Natural gas, natural gas liquids, oil wells and midstream assets owner and operator Diversified Gas & Oil has signed a conditional purchase and sale agreement to acquire certain conventional Appalachian upstream and midstream assets from Carbon Energy Corporation and its affiliates, it announced on Wednesday.
Gene and cell therapy company Oxford Biomedica has joined a consortium led by the Jenner Institute at Oxford University, it announced on Wednesday, to rapidly develop, scale-up and manufacture a potential vaccine candidate for Covid-19, called ‘ChAdOx1 nCov-19’.
Adriatic Metals updated the market on its activities for the quarter ended 31 March on Wednesday, reporting that additional mineralised drill intercepts confirmed a “robust extension” of its high-grade mineralisation that remained open along strike.
Impact Healthcare issued its final results for the year ended 31 December on Wednesday, explaining that it was the first year of implementing its progressive dividend policy, aiming to grow its target dividend in line with the inflation-linked rental uplifts received in the previous year.
London’s FTSE 100 was down 1. 6% at 5,611. 73 in afternoon trade on Wednesday amid worries about the coronavirus, with insurers under the cosh.
Real Good Food updated the market on its trading for the financial year ended 31 March on Wednesday, as well as the impact of the Covid-19 coronavirus pandemic, reporting that revenues for the year were “broadly in line” with its expectations, although performance was impacted in March due to the pandemic.
US stocks opened higher on Wednesday as a volatile week for indices continue.
Real estate investment trust Urban Logistics acquired nine new assets and a development site on Wednesday for a grand total of £56. 1m.
Cybersecurity firm Osirium Technologies said on Wednesday that it had experienced little impact to trading so far as a result of the Covid-19 outbreak, but cautioned that it could not fully predict the virus' effects on its future performance.
Tesla announced on Tuesday that it will cut all salaried employees’ pay and furlough hourly workers after the coronavirus pandemic forced the manufacturer to shut production down.
Recruitment firm PageGroup withdrew guidance for "current and future years" and cancelled its final dividend of 9. 40p per share on Wednesday as a result of impacts stemming from the Covid-19 outbreak.