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Results round-up
Prudential reported a better-than-expected increase in first half operating profit on Wednesday, driven by double-digit growth in Asia.
Astrazeneca ups interest in Moderna Therapeutics with $140m investment
Astrazeneca has upped its equity interest in Moderna Therapeutics with a $140m investment as part of the biotechnology company’s preferred-stock financing.
Aviva property fund to be suspended for 6-8 months
Aviva has warned investors its property fund will remain suspended for at least six-to-eight months, after Brexit-induced concerns about property values led to a surge in redemptions.
Prospex raises cash, makes progress at Kolo
Prospex Oil and Gas updated the markets on its investment in the 1,150 sq km Kolo Licence, onshore Poland on Wednesday, where a well remains on track to be drilled on the Boleslaw conventional gas prospect in the fourth quarter of this year.
Morgan Stanley upgrades B&M, now willing to buy into company´s valuation
Analysts at Morgan Stanley upgraded their recommendation on shares of B&M European Value Retail, telling clients it was the "most structurally attactive" of the retailers which had floated on the London market in the last few years.
FTSE 250 movers: G4S surges on results; Regus slumps on downgrade
London’s FTSE 250 index was steady at 17,687. 92 in afternoon trading.
House prices soar in Slough, Reading due to Crossrail development
Slough and Reading have gained significantly from the Crossrail project as house prices have soared since the announcement of the rail project in 2014.
Wednesday newspaper share tips: Regus, Standard Life
Regus appears to be on to something with its flexible business model and markets have caught on, the Financial Times´s Lex column said.
FTSE 100 movers: Pharmas under the cosh but Prudential gains on results
London’s FTSE 100 index was flat at 6,848. 44 in afternoon trade.
Brazil disinflation set to pick-up, economists say after July CPI
Price pressures in Brazil were set to ease, potentially paving the way for central bank interest rate cuts later in 2016 or towards the start of 2017, according to economists.
FirstGroup, National Express miss out on East Anglia rail franchise
FirstGroup and National Express both failed to win the East Anglia rail franchise, which the Department of Transport awarded to Dutch-run Abellio.
Dairy Farm splashes $190m on shares in China's Yonghui Superstores
Dairy Farm International confirmed it has invested a further $190m in Yonghui Superstores in order to keep its share of the Chinese supermarket chain as it completed a new round of fundraising.
Quadrise Fuels launching fuel trial in Saudi Arabia
Emerging manufacturer and supplier of MSAR emulsion fuels Quadrise Fuels International announced the execution of the memorandum of understanding for starting the “Production to Combustion” trial in Saudi Arabia on Wednesday.
Wednesday newspaper round-up: City jobs freeze, falling land prices, 'heatwave' boost
The City jobs market is in the doldrums as a result of the Brexit referendum, as banks and other finance firms freeze hiring amid the economic uncertainty. The number of new jobs on the market dived by 27% compared with July of 2015, according to recruiters Morgan McKinley. It found just 7,890 new jobs last month, down from 10,920 a year earlier, and down from 9,060 on the month. - Telegraph.
Smith & Nephew hit by Barclays downgrade
Barclays downgraded Smith & Nephew to an 'equalweight' rating from 'overweight' because of recent disappointing results, risks from competitors and likely delays to earnings-enhancing initiatives.
Mobeus activity slows under new venture capital rules
Venture capital trust Mobeus Income & Growth posted its results for the six months ended 30 June on Wednesday, with net asset value total return per share for the half-year of 0. 3% and share price total return per share for the half-year of 3. 8%.
Canaccord reiterates 'hold' on KAZ Minerals
Canaccord Genuity on Wednesday reiterated a ‘hold’ rating on KAZ Minerals but raised its target price to 155p from 130p.
Europe midday: Stocks edge lower as oil prices decline
European stocks nudged lower on Wednesday amid weaker oil prices, with investors looking for fresh catalysts as the summer lull kicked in.
Salt Lake Potash posts promising test results at Lake Wells
Salt Lake Potash advised the market of the results of a comprehensive geophysical survey at Lake Wells on Wednesday, as well as “outstanding” initial test pumping results of brine from the Lake Wells paleochannel.
More than half of women experience sexual harassment at work
More than half of women in the UK say they have experienced sexual harassment in the workplace, according to one of the most extensive pieces of research on the topic in Europe.