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US close: Biotech stocks slump on likely Clinton election victory
Wall Street ended on a mixed note amid sharp falls in basic materials and biotechnology issues and as minutes of the Federal Reserve´s last policy meeting showed rate-setters had moved closer to another interest rate hike.
Sector movers: Pharma stocks pace losses, while miners gain
Pharma stocks led losses on the market as traders reacted to the latest polls showing a hefty lead for US Democratic party presidential candidate Hillary Clinton and as sterling staged a small bounce.
Fed came closer to raising rates in September, minutes show
Rate-setters in the States had moved closer to another interest rate hike, the minutes of the US Federal Open Market Committee´s last policy meeting revealed.
Europe close: Stocks little changed ahead of Fed minutes
European stocks wavered in a tight range on Wednesday but closed near their lows of the session as bond prices retreated while investors waited for the release of the latest Federal Reserve minutes later in the day, with Ericsson under the cosh after a profit warning.
Small cap round up
Surveillance, security and safety visual intelligence company Digital Barriers posted an update on trading for the six months to 30 September on Wednesday, and also announced the award of a contract with a US government agency to begin implementing its ThruVis technology for public transport security. The AIM-traded firm said overall group revenue for the half-year, which includes a full contribution from Brimtek as acquired on 1 March, is expected to be approximately double that achieved in the same period last year.
Broker tips: Sports Direct, Ashmore, Electrocomponents
Sports Direct International was under the cosh on Wednesday as Cantor Fitzgerald cut its price target on the hold-rated stock to 260p from 320p after the company warned last week that full-year 2017 earnings would be hit by recent currency movements.
London close: Stocks fall as pound strengthens and investors await FOMC minutes
The FTSE 100 closed in the red as investors awaited the latest Federal Reserve meeting minutes and as the pound recovered.
Slack in US labour market greater than it might seem, Fed's Dudley says
A top US central bank official reportedly pointed to "well anchored" inflation expectations and remaining "slack" in the jobs market as two reasons why monetary policy was still easy.
Synairgen shares drop as AstraZeneca stops asthma drug study
Synairgen's, the respiratory drug discovery and development company, hit the skids after its partner Astrazeneca announced that it has dropped its clinical trial for asthma drug AZD9412.
Savannah Resources raises a further £800,000 via share placing
Copper, gold and lithium explorer Savannah Resources raised further equity on AIM after another share placing to fund development at its mining projects in Oman, Mozambique and Finland.
Clontarf Energy submits work programme to Ghana authorities
Clontarf Energy announced on Wednesday that, further to its announcement on 19 September, a proposed work programme on the Tano acreage offshore Ghana has been submitted to the Ghanaian authorities in Accra.
US open: Stocks mixed ahead of FOMC meeting minutes
US stocks were mixed as investors awaited the Federal Reserve’s September meeting minutes for clues on the timing on the next interest rate hike.
Wednesday newspaper share tips: Page Group, Phillips 66, Volution Group
As one might have expected, Page Group saw business slow down after Brexit, but by nowhere near as much as analysts had expected, The Times's Tempus pointed out.
Director dealings: Chi-Med's Howell takes some profits
Hutchison China Meditech director Michael Howell has sold almost £270,000 worth of shares in the biopharma company.
Results round-up
Veterinary medicine supplier Animalcare Group’s revenue rose while it remains cautious over the uncertainty arisen since the Brexit vote as it took measures to hedge against currency fluctuations.
Tissue Regenix's losses widen as company pushes towards significant milestones
AIM-listed regenerative medical devices company Tissue Regenix Group’s saw operating losses widen at the interim stage even as its revenues nudged higher, although it did gain regulatory approval for its products in Europe and the US.
FTSE 250 movers: PageGroup rallies on upgrade; Domino's slides
London’s FTSE 250 was down 0. 5% to 17,983. 53 in afternoon trade.
Mexican factory activity jumps back in August
Factory activity jumped back in August, confirming a recovery was in place, according to some economists.
Sports Direct slumps as Cantor cuts target price
Sports Direct International was under the cosh on Wednesday as Cantor Fitzgerald cut its price target on the hold-rated stock to 260p from 320p after the company warned last week that full-year 2017 earnings would be hit by recent currency movements.
Polo Resources celebrates success at investee company
Natural resources investment company Polo Resources announced on Wednesday that Blackham Resources has reported that gold production has commenced from its 5. 1Moz Matilda Gold Project in Australia.