Full List Of Stories
FTSE 250 movers: AO World surges; Capco down on results
London’s FTSE 250 was up 0. 5% at 18,077. 60 in afternoon trade on Wednesday.
FTSE 100 movers: Admiral surges after results, Avast falls
London’s FTSE 100 was up 1. 5% at 6,246. 07 in afternoon trade on Wednesday.
US consumer prices rise more than expected in July
US inflation rose faster than expected in July, according to figures released on Wednesday by the Labor Department.
Appreciate Group to stop making hampers; annual profit falls
Appreciate Group, formerly Park Group, said on Wednesday that it will end production of its Christmas hampers as it reported a decline in annual profit.
Barclays starts Dunelm at ‘overweight’
Barclays initiated coverage of Dunelm shares at ‘overweight’ with a 1,425p price target on Wednesday as it highlighted its resilience and strong balance sheet.
London midday: Stocks extend gains as investors shrug off GDP
London stocks had extended gains by midday on Wednesday as investors took dire UK GDP figures in their stride.
Eurozone industrial production rises less than expected in June
Eurozone industrial production rose a touch less than expected in June, according to the latest figures from Eurostat.
Liberty Global to buy Switzerland's Sunrise Communications
US cable company Liberty Global has agreed to buy Swiss telecommunications group Sunrise Communications for CHF5bn (£4. 2bn) in cash, or CHF110 per share.
Admiral reinstates special dividend as H1 profit beats views
Admiral reinstated its special dividend on Wednesday and reported a jump in first-half profit after motor claims fell as drivers stayed home during the coronavirus lockdown.
Covid-19 lockdowns boost Just Eat earnings
Just Eat Takeaway said on Wednesday that its first-half earnings and revenue grew as it benefited from coronavirus lockdowns.
Asos shares surge as FY profits, revenue to beat expectations
Asos shares surged on Wednesday after the online fashion retailer said full-year sales and profit were set to be "significantly ahead" of market expectations thanks to a shift to online shopping during the coronavirus lockdown and as customers return fewer items.
London open: Stocks gain despite dire GDP data
London stocks rose in early trade on Wednesday despite confirmation that the UK economy has fallen into its worst recession on record.
London pre-open: Stocks seen lower as UK GDP plunges 20.4%
London stocks were set to fall at the open on Wednesday amid fading hopes of a US stimulus deal and as figures showed the UK economy has fallen into recession for the first time in 11 years due to the Covid-19 pandemic.
Wednesday newspaper round-up: Serco, Amazon, British Airways
The government has been urged to demonstrate there was no favouritism at play in awarding Serco a contact-tracing contract worth £108m, as a leaked memo revealed the outsourcing firm was enlisted to help with the Covid-19 response as early as January. Serco is facing growing calls to be axed from any future involvement in contact-tracing services amid concerns over the performance of private firms contracted to trace people who have mixed with infected individuals.