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FTSE 100 movers: Persimmon boosted by upgrade; WPP hit by downgrade
London’s FTSE 100 was down 0. 3% at 6,174. 00 in afternoon trade on Wednesday.
FTSE 250 movers: FirstGroup tumbles on results; Micro Focus gains
London’s FTSE 250 was down 0. 6% at 17,240. 97 in afternoon trade on Wednesday.
RBC Capital upgrades Rio Tinto, highlights attractive dividend yield
RBC Capital Markets upgraded its stance on shares of miner Rio Tinto to ‘sector perform’ from ‘underperform’ on Wednesday, hiking the price target to 4,200p from 3,600p.
WPP slumps as Credit Suisse reinstates coverage at 'underperform'
WPP slumped on Wednesday after Credit Suisse reinstated coverage of shares in the advertising company at ‘underperform’ with a 565p price target, pointing to "rising industry disruption".
London midday: Stocks a little lower ahead of Sunak speech
London stocks were still a little lower by midday on Wednesday amid worries about a rise in coronavirus cases in the US and Australia, as investors eyed Chancellor Rishi Sunak’s mini budget.
Amigo Holdings brings back former CEO Glen Crawford
Guarantor loans provider Amigo Holdings said on Wednesday that former boss Glen Crawford will rejoin the company as chief executive officer with effect from 1 August.
London open: Stocks edge lower ahead of mini budget
London stocks edged lower in early trade on Wednesday amid worries about a rise in coronavirus cases in the US and Australia, as investors eyed Chancellor Rishi Sunak’s mini budget.
First Derivatives posts 6% rise in revenues despite Covid-19 crisis
Software and consulting services company First Derivatives reported a rise in revenue for the four months to the end of June despite the coronavirus pandemic.
Tritax Big Box says 97% of Q3 rent to be collected by August
Real estate investment trust Tritax Big Box said on Wednesday that rent collection has been "strong" since the start of the Covid-19 pandemic and that it expects 97% of third-quarter rents will be collected by the end of August.
London pre-open: Stocks seen lower as investors eye Sunak's mini budget
London stocks were set for a weaker open on Wednesday amid growing concerns about a rise in coronavirus cases, as investors eyed Chancellor Rishi Sunak’s mini budget.
Wednesday newspaper round-up: Boohoo, DHL workers, Lansdowne Partners
Next, Asos and Amazon have decided to pull all Boohoo clothing from sale as growing anger over workers’ pay and conditions at the company’s suppliers resulted in £1. 5bn being wiped from the fast fashion brand’s value in two days. Allegations that some factories in Leicester that sell clothes to Boohoo pay as little as £3. 50 an hour and failed to protect workers from coronavirus emerged last week. On Tuesday, the three online retailers were joined by very.