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Peel Hunt initiates Greggs at 'buy'
Peel Hunt initiated coverage of Greggs with a ‘buy’ rating and a 1,200p price target.
Escher Group Holdings invests in fintech startup
Escher Group Holdings has given a helping hand to financial technology start up Deposify.
Kazakh accolades for GoldBridges subsidiary
There were accolades for one of GoldBridges' subsidiaries on Wednesday, with its Kazakh operator Sekisovskoye being awarded top rankings from the country's National Business Rating Agency.
Buy-to-let and second home buyers drive mortgage lending higher, BBA reveals
Gross mortgage borrowing in the UK jumped 38% in January to £13. 6bn compared to the same month a year ago, data revealed on Wednesday.
Meggitt downgraded as shares look expensive
JP Morgan Cazenove has downgraded Meggitt from ‘neutral’ to ‘underweight’ as the company looked too expensive.
Capital & Counties retail strength offsets slowdown
Covent Garden and Earls Court owner Capital & Counties Properties generated a 16% increase in net asset value after a strong year for retail leasing but a slowdown in the second half of the year hit residential activity.
BofA Merill downgrades StanChart after results
Standard Chartered was under pressure for the second day running as Bank of America Merrill Lynch downgraded stock to ‘neutral’ from ‘buy’ and slashed the price target to 475p from 650p following its 2015 results.
Majority of Britons want EU´s powers curtailed, survey finds
A majority of Britons wanted to remain in the European Union; but to a certain extent that depended on whom you asked, the results of three opinion polls found.
UBS upgrades Persimmon on yield potential
UBS lifted Persimmon to ‘buy’ from ‘neutral’ and raised the price target to 2,330p from 2,135p following earnings revisions and what it reckons is an underappreciated potential to return even more cash to shareholders.
London open: Stocks slide on fall in oil prices, Brexit fears
UK equities declined on Wednesday as another slide in oil prices and fears over the consequences of a possible Brexit weighed on investor sentiment.
HSBC says Brexit need not be unmitigated disaster, pound falls
Sterling dropped below the psychological 1. 40 mark versus the US dollar on Wednesday morning, with HSBC warning of the risk of a large disruption to economic activity at least in the short-term, although on a longer time-horizon there might be benefits to be had.
Europe open: Basic resource stocks pace the decline
European stocks fell again on Wednesday, taking their cue from mostly negative sessions in the US and Asia, with commodities and energy issues under pressure as oil slid.
Rathbone Brothers full year funds under management grow
Wealth manager Rathbone Brothers posted a rise in full year 2015 profit and funds under management despite subdued investment markets.
International Personal Finance profit dips as regulatory matters hit company
Despite an increase in customers and the amount of credit issued, International Personal Finance’s revenue and profit before tax has dipped.
Hays net fees, profit edge up on strong performance in Europe
FTSE 250 recruiter Hays posted a rise in net fees and pre-tax profit for the six months to the end of December, helped along by a strong performance in Europe.
Earnings down in tougher year for Man Group
Man Group revealed lower earnings in its full year trading financials published on Wednesday.
Barratt Developments hikes dividend as profits fly
Barratt Developments hiked its dividend by a quarter after the housebuilder's profits mushroomed in the first half of the year.
Laggan-Tormore delays hit Petrofac's profit
Petrofac's annual profit has plunged due to delays in getting production up and running at its Laggan-Tormore plant and the costs associated with it.
Interserve's full year profit up 28%
FTSE 250 support services and construction group Interserve reported a jump in profit and revenue for the year ended 31 December and lifted its dividend, although it forecast a flat 2016.
Serco wins contract extension at Australia's largest prison
Australia's largest prison was to be operated by Serco for another five years, it was revealed on Wednesday, as the firm signed an extension to its contract with the Government of Western Australia.