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Broker tips: Shire, Dunelm, Glencore
RBC Capital Markets upgraded Shire to ‘outperform’ from ‘sector perform’, keeping the $240 price target ahead of the company’s fourth quarter results on Thursday.
Wednesday newspaper share tips: Avoid Sophos and Tui AG
Sophos Group was under the microscope in The Telegraph’s Questor on Wednesday.
Sales grow at Animalcare, but investment eats into profit
Animalcare was looking at an increase in sales in its first half results on Wednesday, though profits were down in the six months to 31 December 2015 as the company pressed ahead with its investment strategy.
RBC upgrades Shire to 'outperform' ahead of results
RBC Capital Markets upgraded Shire to ‘outperform’ from ‘sector perform’, keeping the $240 price target ahead of the company’s fourth quarter results on Thursday.
Shire's deputy chairman David Kappler to step down
Specialty biopharmaceutical company Shire said David Kappler will step down as deputy chairman and senior independent director.
Staples gets EU approval for Office Depot takeover
The European Commission has approved Staples’ proposed $6. 3bn takeover of office supplies distributor Office Depot, subject to the divestment of some of the latter’s businesses in Europe.
Landore to offload non-core Canadian lithium resource
Landore Resources had secured a deal to offload its Root Lake non-core lithium property in north western Ontario, Canada on Wednesday, to dedicated lithium producer Ardiden.
Synectics wins contract extension with Stagecoach
One of Synectic's large contracts was extended on Wednesday, providing the firm with security of work in the transport sector for another year, with multinational bus and rail operator Stagecoach.
ARM muscles past forecasts but shares hit by Apple worries
ARM Holdings posted a strong set of full year results and said it was confident of meeting forecasts for 2016 as demand for its microchip technology continues to grow.
Europe midday: Banks pace the advance as stocks bounce back; Yellen eyed
European stocks racked up solid gains on Wednesday, with banks surging ahead following heavy losses in the previous session, as investors looked to Federal Reserve chair Janet Yellen’s testimony before Congress.
London midday: Equities gain as banking stocks and oil prices rebound
London stocks edged higher on Wednesday as banking stocks and oil prices recovered.
Yellen testimony could become "verbal slugfest"
Federal Reserve chair Janet Yellen is set to deliver her half yearly testimony on Wednesday afternoon and one market analyst believed some lawmakers may see it as an opportunity to shine.
Deutsche Bank mulling repurchase of its own bonds, shares jump
Shares in Deutsche Bank jumped sharply following a report the German lender was studying the possibility of buying back some of its bonds in a bid to help ease investors' concerns about its financial position.
Hornby tanks as it warns on profits again
Shares in Hornby fell sharply after the train set maker said it now expects to report an underlying pre-tax loss of £5. 5m to £6m for the year to March.
Leed Resources looks set for AIM suspension
Natural resource investing company Leed Resources said it was unlikely that a reserve takeover deal could be done in time to avoid the stock being suspended from AIM.
Canaccord reiterates 'hold' rating for Dunelm
Canaccord Genuity has reiterated its 'hold' rating for Dunelm Group after the homewares retailer declared a special dividend and reported a solid first half.
SocGen downgrades Glencore ahead of production numbers
Societe Generale downgraded Glencore to ‘hold’ from ‘buy’ pointing to finely balanced fundamentals.
Citigroup suggests four hedges against Brexit
Citigroup reckons there is a 20-30% risk of ‘Brexit’, perhaps even as high as 30-40%, so while it’s not the bank’s base case, it is “by no means a trivial risk”.
Renold plunges after profit warning
Renold, the chains and power transmission specialist, warned that full year profits would be 13% lower than last year after sales in recent months were hit by weakness in many of its end markets.
French industrial production down sharply in December
Industrial activity in France fell sharply at the end of last year, with weakness widespread across all sectors.