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FTSE 250 movers: Provident Financial surges; Signature hit by downgrade
London’s FTSE 250 was up 0. 6% at 17,687. 58 in afternoon trade on Wednesday.
CMA gives Breedon 5 days to address concerns over Cemex deal
The Competition and Markets Authority has given Breedon five working days to put forward some remedies after it found that the construction materials group’s £178m acquisition of Cemex raises competition concerns.
FTSE 100 movers: Aveva rallies again; Rolls-Royce falls ahead of results
London’s FTSE 100 was up 0. 2% at 6,047. 55 in afternoon trade on Wednesday.
Barclays downgrades Shell, says performance lags peers
Barclays downgraded Shell to ‘underweight’ from ‘equalweight’ on Wednesday, saying that while the company has the potential to deliver significant fresh cash flow in the long term, it screens as expensive relative to its near-term industrial performance.
Go-Ahead secures Singapore bus contract extension
FTSE 250 transport operator Go-Ahead said on Wednesday that it has secured a two-year bus contract extension in Singapore.
London midday: Stocks drift lower as investors eye Powell speech
London stocks had drifted a little lower by midday on Wednesday as investors looked ahead to a speech by Federal Reserve chairman Jerome Powell at the Jackson Hole central banking symposium this week.
Kingfisher's Screwfix to open 40 new stores this year
DIY trade supplier and retailer Screwfix will open 40 new stores this year in the UK and Ireland, creating 400 jobs.
JPMorgan upgrades Inchcape, downgrades Signature Aviation
Shares of car dealership Inchcape got a boost on Wednesday as JPMorgan Cazenove upgraded the stock to ‘overweight’ from ‘neutral’, saying it has been positively surprised by the strength of the company’s cash flow, with carefully controlled working capital pressure.
London open: Stocks little changed as investors eye Jackson Hole
London stocks were little changed in early trade on Wednesday as investors looked ahead to the Jackson Hole central banking symposium, taking place virtually this week.
Goldman Sachs starts WHSmith at ‘buy’
Goldman Sachs initiated coverage of WHSmith at ‘buy’ with a 1,500 price target as it said the stock offers industry-leading returns at a discount.
London pre-open: Stocks set to edge higher
London stocks were set to edge up at the open on Wednesday following losses in the previous session.
Wednesday newspaper round-up: Carbon emissions, working from home, London Capital & Finance
A slump in UK consumer spending during the coronavirus lockdown has erased almost the same carbon emissions as produced by the city of Nottingham in a year, according to a new report. Carbon emissions from the UK’s main consumer industries tumbled by more than a quarter during the national coronavirus lockdown as people travelled less and cut down on clothes shopping. - Guardian.