Full List Of Stories
FTSE 100 movers: Babcock, M&S in the black
London’s FTSE 100 was up 0. 4% at 8,696. 74 in afternoon trade on Wednesday.
Deutsche Bank downgrades Wetherspoons to ‘sell’
Deutsche Bank downgraded its stance on shares of pub group JD Wetherspoon to ‘sell’ from ‘neutral’ on Wednesday, slashing the price target to 450p from 600p following interim results.
GameStop surges on plan to buy Bitcoin
GameStop surged in pre-market trade on Wednesday after the video game retailer said it plans to buy Bitcoin.
JPMorgan upgrades Ocado to 'overweight', shares surge
Ocado surged on Wednesday after JPMorgan Cazenove upgraded the shares to ‘overweight’ from ‘neutral’ and lifted the price target to 400p from 340p.
London midday: FTSE stays up ahead of Spring Statement
London stocks were still a little firmer by midday on Wednesday, while sterling fell as investors mulled a slightly bigger-than-expected drop in UK inflation ahead of the Spring Statement.
Citi cuts Qinetiq price target, maintains ‘buy’
Citi cut its price target on Qinetiq on Wednesday to 510p from 530p as it said near-term uncertainty was an overhang but long-term value remains.
London open: FTSE gains after inflation data; all eyes on Spring Statement
London stocks rose in early trade on Wednesday as investors mulled a slightly bigger-than-expected drop in UK inflation and looked ahead to the Spring Statement.
UK inflation eases to 2.8% in February
UK inflation eased a little more than expected in February as clothing prices fell, according to figures released on Wednesday by the Office for National Statistics.
Babcock secures £1bn contract extension with MOD
Defence firm Babcock International said on Wednesday that it has been awarded a five-year contract extension with the Ministry of Defence worth around £1bn.
London pre-open: Stocks to dip ahead of Spring Statement; inflation in focus
London stocks were set to dip at the open on Wednesday as investors mulled a bigger-than-expected drop in UK inflation and looked ahead to the Spring Statement.
Wednesday newspaper round-up: Block, Boeing, Bet365
Block, Jack Dorsey’s financial technology company, plans to let go almost 1,000 current employees, while making other changes to its operations in its second such move in just over a year. Dorsey, who co-founded and previously ran Twitter before co-founding Block in 2009, informed employees of the impending cuts on Tuesday in an email, viewed by the Guardian, titled “smaller block”. The layoffs will impact more than 930 employees, with another nearly 200 managers being moved into non-management roles, and another nearly 800 open jobs will be closed, according to the email.