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Commodities: Precious metals regain their allure as Trump recovers in polls
Precious metals sparkled on Wednesday after increased uncertainty surrounding the outcome of the US elections weighed on the US dollar and risk-apettite more generally.
Small cap round up
Romania and Zimbabwe-focused mining company Vast Resources announced on Wednesday that a drilling programme to confirm the mineral resource and provide material for metallurgical testwork has commenced at its Faneata tailings dam, located 7 kilometres from the Baita Plai Polymetallic Mine in western Romania. The AIM-traded firm confirmed that drilling commenced this week at the 4. 6Mt tailings dam, which is comprised of approximately 40 years of tailings from the high grade Baita Plai.
London close: Stocks end lower ahead of US election, central bank decisions
UK stocks dropped on Wednesday amid nervousness ahead of the US elections and interest rate decisions by the Federal Reserve and the Bank of England.
Europe close: Heightened US political uncertainty weighs on shares
European stocks ended the day lower as worries about the US presidential race crept in after a new poll revealed Republican candidate Donald Trump was in the lead and ahead of the Federal Reserve’s rate announcement.
Christie Finance secures £26m capital for acquisition plans
Christie Group, a leading provider of professional business services and stock and inventory systems, announced that its commercial finance broker has successfully arranged a finance package of £26m to fund future acquisitions.
Uber app to receive much-needed makeover
Ride-hailing service Uber is set for a complete redesign for its mobile application next week, its first such change since 2012.
NHS to use tech platform of Virtualstock
Virtualstock (VS) Holdings’ technology platform is to be used by NHS shared business services joint venture NHS SBS.
Avacta announces collaboration with Memorial Sloan Kettering Cancer Center
Avacta Group announced a research collaboration with Memorial Sloan Kettering Cancer Center on Wednesday, to evaluate the use of the company's ‘Affimer’ technology in novel CAR-T cell-based immunotherapy.
Sound Energy reports better-than-expected flows at Tendrara
Europe and Africa-focused upstream gas company Sound Energy updated the market on Wednesday in relation to TE-7, its second well at the Tendrara licence area, onshore Eastern Morocco.
Director dealings: Venn Life Sciences chairman sees value
Venn Life Sciences chairman Allan Wood bought £50,000 worth of the contract clinical research provider's shares, it was revealed on Wednesday.
US open: Stocks slump as Trump leads polls, Fed policy decision looms
US markets slumped as a recent poll put Donald Trump ahead in the race for the White House, while the Federal Reserve is expected to hold out on raising interest rates at the central bank’s meeting on Wednesday.
FX round-up: US dollar slips as odds of Trump victory rise
Risk aversion picked-up ahead of the US central bank´s policy decision which was due out later in the day, following the results of various polls showing that the US presidential contest would be much more hotly-contested than financial markets had anticipated just a week before.
IAG to install wi-fi on shorthaul flights
British Airways and Iberia parent International Consolidated Airlines confirmed on Wednesday that it will install Inmarsat’s European Aviation Network high-speed, inflight passenger connectivity service on up to 341 of its shorthaul aircraft.
Indivior hikes profit guidance, records first antitrust charge
Indivior increased its full year revenue guidance to reflect faster growth in the USA and also recorded a $220m charge relating to antitrust litigation currently going through the courts.
Ford sales slide 11.7% in October
The second biggest car-maker in the US, Ford Motor, has reported a fall of 11. 7% in vehicle sales in October compared with the same period last year.
Investec downgrades William Hill and Ladbrokes Coral, rotates into online
Investec downgraded William Hill and Ladbrokes Coral as it rotated its chips on more digital-focused gambling stocks Playtech, 888 and GVC.
FTSE 250 movers: Indivior on the rise but punters ditch Ladbrokes
The FTSE 250 was down 0. 10% to 17,506. 64 in late afternoon trade.
Results round-up
Millennium & Copthorne reported a rise in profit in the third quarter as it benefited from a weaker sterling in the aftermath of the UK’s vote to leave the European Union.
Revolymer completes disposal of nicotine gum business
Revolymer announced on Wednesday that the divestment of its nicotine gum business to the Danish company Alkalon was now complete.
Ceres Power Holdings takes wraps off SteelCell 4
Ceres Power Holdings announced on Wednesday that the latest iteration of the SteelCell platform - version 4 - has been released to customers on time and on budget, which the board said reinforced its reputation for successfully executing against its ‘technology roadmap’.