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Royal Mail was under pressure on Wednesday as Liberum reiterated its ‘sell’ rating on the stock and slashed the price target to 120p from 175p, arguing that the company’s strategy is undeliverable.
US stocks finished in the green on Wednesday, as market participants remained largely focused on the potential economic fallout of the Wuhan coronavirus outbreak.
London stocks were firmly in the green on Wednesday as concerns about the coronavirus eased and as investors mulled news that UK inflation hit a six-month high in January.
Stocks finished near their best levels of the session, buoyed by news of a further slowdown in the rate of both new and existing coronavirus cases in China.
Mereo BioPharma Group has entered into a securities purchase agreement with a new US-based institutional healthcare investor, it announced on Wednesday.
Avation said on Wednesday that two of its existing ATR 72-600 aircraft have been subleased by Scotland-based Loganair, and would start flying in the coming weeks.
WH Smith has excluded the Daily Telegraph from its railway station outlets.