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FTSE 250 movers: Hochschild shines; Dixons Carphone slumps
London’s FTSE 250 was up 1. 4% at 17,406. 84 in afternoon trade on Wednesday.
FTSE 100 movers: Travel stocks rally on vaccine hopes; Burberry slides
London’s FTSE 100 was up 1. 7% at 6,281. 74 in afternoon trade on Wednesday.
Dixons Carphone profits slump following Covid store closures
Dixons Carphone posted a slump in full-year profits on Wednesday, pinning the blame on weakness in the mobile division and store closures due to the coronavirus pandemic.
JPMorgan downgrades Ferrexpo but lifts price target
JPMorgan Cazenove downgraded its stance on shares of iron ore company Ferrexpo to ‘underweight’ from ‘neutral’ on Wednesday following the recent rise in the share price, as it took a look at the metals and mining sector.
London midday: Stocks extend gains on Covid vaccine hopes
London stocks had extended gains by midday on Wednesday, with sentiment boosted by hopes of a coronavirus vaccine.
Finsbury Food H2 sales hit by Covid-19 crisis
Speciality baker Finsbury Food reported a decline in second-half sales on Wednesday as it took a hit from the coronavirus outbreak.
Galliford Try rallies on 'strong' order book
Shares of Galliford Try surged on Wednesday as the construction group hailed a "strong" order book in an update on trading in the year to the end of June.
London open: Covid vaccine hopes boost stocks; inflation data in focus
London stocks rose in early trade on Wednesday, with sentiment underpinned by hopes of a coronavirus vaccine as investors mulled the latest UK inflation data.
Asos sees annual profit at top end of market expectations
Online fashion retailer Asos said on Wednesday that annual pre-tax profit was set to be towards the top end of market expectations, as it reported a 10% jump in sales for the four months to the end of June, but analysts were largely unimpressed.
Dunelm annual profit set to fall due to coronavirus closures
Homeware retailer Dunelm warned on Wednesday that annual profit was set to fall after stores were shut during the coronavirus lockdown, as it reported a decline in fourth-quarter sales despite "significant" online growth.
London pre-open: Stocks seen higher on Covid vaccine hopes
London stocks were set to rise at the open on Wednesday, taking their cue from a positive session on Wall Street amid optimism over a coronavirus vaccine.
Wednesday newspaper round-up: Stamp duty, big four accounting firms, US banks
The £3. 8bn stamp duty giveaway unveiled by chancellor Rishi Sunak last week has already sparked a mini property boom in the southern England commuter belt, according to the UK’s biggest property website, Rightmove. The data indicates that most of the benefit of the £3. 8bn giveaway will flow to Conservative-voting areas in the outer orbit of London. Rightmove named Milton Keynes, Watford and the north-west London borough of Harrow as the areas witnessing rises of more than 100% in buyer enquiries since the stamp duty announcement was made last Wednesday.