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FTSE 100 movers: EasyJet flies higher but Lloyds drops on job cuts
London’s FTSE 100 was down 0. 5% to 7,037. 99 in afternoon trade.
Parliament to debate Brexit before Article 50 triggered May says no vote
The government has agreed to allow Parliament to scrutinise and debate the strategy to leave the European Union before Article 50 is triggered by the end of March next year.
EasyJet successfully issues new EUR500m bond
Low-cost airline easyJet said on Wednesday that it has priced the issue of €500m bonds maturing in October 2023 at a coupon of 1. 125%.
Thursday preview: WH Smith to report full year profit growth
WH Smith reports its full year results on Thursday, with analysts expecting solid profit growth.
Third of London pharmacies could close due to budget cuts
About a third of London’s pharmacies could close as the government aims to save about £22bn from the NHS budget.
Liberum upgrades Ashmore as emerging market sentiment improves
Liberum has upgraded Ashmore Group, removing its 'sell' rating from the emerging markets investor after final results were better than it predicted.
Windar Photonics initiates partnership programme
Wind sensor technology development company Windar Photonics announced the initiation of an Energy Technology Development and Demonstration Program research and development project on Wednesday, in conjunction with project partner Danish Technological University, Department of Wind Energy.
Tlou Energy receives initial certification for Lesedi
Botswana and southern Africa-focused coalbed methane developer Tlou Energy announced on Wednesday that it has received an initial Independent Reserve Certification from SRK Consulting, for the Lesedi CBM Project located in prospecting licence PL002/2004 in Botswana.
Electrocomponents boosted by Citi upgrade
Electrocomponents got a boost after Citigroup upgraded the stock to ‘neutral’ from ‘sell’ and lifted the price target to 375p from 235p.
DiamondCorp faces further setbacks with Lace mine
DiamondCorp, the AIM-listed diamond miner, has arranged to defer debt payments and is looking at raising new funds after new problems with its Lace diamond mine in South Africa led to further scaling back of production targets.
Falcon and Origin discover petroleum at Amungee
Falcon Oil & Gas announced on Wednesday that its joint venture partner Origin Energy Resources has submitted a notification of discovery and an initial report on discovery to the Department of Primary Industry and Resources of the Northern Territory, Australia, on the Amungee NW-1H well in the Beetaloo Basin.
UK house prices fall at fastest rate in five years, Halifax finds
UK house prices fell at the fastest rate in five years, with several regions hit by declining prices and Yorkshire, Humber and London the worst hit.
Ariana Resources reports positive results at Kiziltepe
Gold exploration and development company Ariana Resources announced further results for its phase one drilling programme of 2016 on Wednesday, completed during early September at the Kiziltepe Project in Turkey.
Barclays sells Italian loan portfolio
Barclays has agreed the sale of a portfolio of salary secured loans in Italy to IBL Banca as it looks to exit its non-strategic businesses.
London midday: Stocks fall as pound rebounds on Brexit news
London stocks declined as the pound rebounded following news Prime Minister Theresa May offered to give MPs some scrutiny in the formal Brexit negotiations.
Walker Greenbank buying Clarke & Clarke for £25m
Luxury interior furnishings company Walker Greenbank announced on Wednesday that it has entered into a conditional agreement with the shareholders of Globaltex 2015 - the parent company of Globaltex - to acquire its entire issued share capital.
Europe midday: Stocks waver ahead of FOMC minutes; Ericsson tanks
European stocks wavered in a tight range on Wednesday as investors eyed the release of the latest Federal Reserve minutes, with Ericsson under the cosh after a profit warning.
Lloyds Banking Group to cut 1,230 jobs
Lloyds Banking Group plans to axe 1,230 jobs as it looks to cut costs and improve shareholder returns as part of its three-year strategy.
Mortgage lending rebounds thanks to first-time buyers, CML says
UK mortgage lending rebounded strongly in August, according to lenders, though this runs counter to other recent housing market data.