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Broker tips: Greggs, Haleon
Numis initiated coverage of Greggs on Wednesday with a ‘hold’ rating and 2,560p price target as it said growth was "baked in".
FTSE 100 movers: Miners rally on China news; Haleon hit by JPM note
London’s FTSE 100 was up 0. 6% at 7,529. 94 in afternoon trade on Wednesday.
DuPont sinks as Q1 outlook disappoints
DuPont shares sank in pre-market trade on Wednesday after the company’s outlook for the first quarter fell short of analysts’ expectations, as it pointed to destocking and weak demand in China.
Diversified Energy hits back after short seller attack
Diversified Energy hit back on Wednesday after activist investor Snowcap Research said the company may not have enough funds to cover the costs of plugging its inactive wells and that a dividend cut was imminent, sending its shares tumbling.
London midday: Stocks stay up as miners rally; Haleon slumps
London stocks had maintained gains by midday on Wednesday, with miners on the front foot after China said it will cut the reserve requirement ratio for banks from next month.
Numis starts Greggs at ‘hold’, says growth is ‘baked in’
Numis initiated coverage of Greggs on Wednesday with a ‘hold’ rating and 2,560p price target as it said growth was "baked in".
UK services sector picks up in January, Red Sea crisis dents manufacturing
Activity in the UK services sector picked up in January, but the Red Sea crisis hit manufacturing supply chains, according to a survey released on Wednesday.
Revolution Bars warns on profits, shares slide
Revolution Bars issued a profit warning on Wednesday despite strong trading over the festive period, pinning the blame on several factors, including train strikes and the expense of Christmas.
London open: Miners pace gains on China news; easyJet flies higher
London stocks rose in early trade on Wednesday, with miners pacing the gains after China said it will cut the reserve requirement ratio for banks from next month.
TI Fluid Systems sees FY results ‘slightly ahead’ of expectations
TI Fluid Systems said on Wednesday that full-year results were set to be "slightly ahead" of expectations after a continued strong performance in the fourth quarter.
London pre-open: Stocks seen up on positive Wall St cues
London stocks were set to rise at the open on Wednesday following a positive session on Wall Street, as investors eyed the latest reading on the UK services and manufacturing sectors.
Wednesday newspaper round-up: Boeing, Hinkley Point C, IDS
Fake reviews and unavoidable hidden online charges – which cost consumers £2. 2bn a year – are to be banned under new laws to force businesses to be more clear with shoppers. Under the new rules, which will become law as part of the digital markets, competition and consumers bill currently progressing through parliament, mandatory fees must be included in the headline price or at the start of the shopping process, including booking fees for cinema and train tickets.