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Wednesday newspaper share tips: AA, Bowleven
AA is a steady business at the core, but its previous private equity owners left it under a pile of debt – so it remains a high-risk option – The Daily Telegraph’s Questor said.
US close: Stocks gain after FOMC meeting minutes
US stocks ended higher after minutes of the Federal Reserve's latest meeting showed several policymakers argued against an interest rate hike in April.
Sector Movers: Pharma stocks pull London market back to positive turf
An uptick in pharmaceutical stocks on Wednesday, in tandem with an oil price rise ensured that headline London indices ended back up in positive territory.
Commodities: Oil futures rise on US inventory data, Kuwaiti comments
Oil futures reversed declines on Wednesday, following bullish comments from OPEC member Kuwait and an unexpected decline US crude inventories.
FX Roundup: Yen's movement dominates currencies market
The yen surged against major crosses on Wednesday for a third successive session on the preferred carry trade currency’s safe haven status, despite less than convincing economic data from Japan.
Europe close: Markets close higher ahead of Fed minutes
European stocks ended the day in the black on Wednesday, having traded choppily throughout the day, as investors rode higher oil prices and encouraging data releases from China and Germany ahead of the Federal Reserve meeting minutes due in the evening.
London close: Stocks jump on gains in big pharma and rally in oil prices
London stocks advanced on Wednesday as oil prices regained strength and investors awaited the Federal Reserve’s meeting minutes, which were due out later in the day.
Europe midday: Stocks waver as focus shifts to Fed minutes
European stocks wavered, giving up some earlier gains despite a rebound in oil prices and some encouraging data releases from China and Germany, as investors looked to the minutes of the latest Federal Reserve meeting.
FTSE 100 movers: Pharmas rally but Glencore slides on sale
London’s FTSE 100 was up 0. 6% to 6,124. 61 at 1410 BST as investors looked ahead to the minutes from the latest Federal Reserve meeting.
Vast Resources completes fresh equity issue
Vast Resources had a bit of extra cash in its back pocket on Wednesday, having completed a fresh equity issue with a number of shareholders.
Findel climbs on back of Morgan Stanley buying
Shares in Findel have attracted interest from shareholders in recent months, with Morgan Stanley the latest institution to take a position in what has long seemed an uninspiring home shopping and education company.
Morgan Stanley expects more capex cuts in Oil&Gas, downgrades Rotork
Cuts to capital expenditure budgets in the Oil&Gas space had only just begun and were beginning to filter through from the ‘Upstream’ segment into Mid and Downstream activities, Morgan Stanley said.
Chapel Down appoints Mike Harvey as director
Chapel Down has appointed Mike Harvey as a corporate director with immediate effect.
US competition authorities move to block Halliburton's bid for Baker Hughes
US authorities filed a lawsuit to block Halliburton's bid for rival Baker Hughes.
88 Energy lifts estimates 293% at Icewine project
AIM-traded 88 Energy reported a massive 293% increase in the recoverable resource estimates at Project Icewine on Wednesday, located at North Slope onshore Alaska.
Director dealings: Big sale at Auto Trader, modest incentive for 32Red COO
The bid director deals of the day were undoubtedly the huge profits taken by Auto Trader's main executive management team a year after the company was spun out by the Guardian Media and Apax Partners.
TomCo Energy appoints Christopher Brown as CEO
Oil exploration firm TomCo Energy has appointed Christopher Brown as chief executive officer.
Paternoster Resources appoints Amanda van Dyke as non-exec director
AIM-listed Paternoster Resources has appointed specialist fund manager Amanda van Dyke as a non-executive director of the company.
Tata to start UK sale process on Monday, says Javid
Tata Steel will begin the formal process to sell its UK plants by Monday, the BBC cited Business Secretary Sajid Javid as saying after talks with the company in India on Wednesday.
eServGlobal works to stem rapid share price rise
A rise in the share price of eServGlobal in recent days led to an announcement from the company on Wednesday, confirming a potentially large deal was in the pipeline.