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Sector movers: Industrials, Mining jump
Smurfit Kappa drove General Industrials to the top of the leaderboard after reporting that revenues jumped 6% over the three months ending on 30 September, at constant currencies, as volumes increased 3%.
Broker tips: Kaz Minerals, CRH, EasyJet, Ryanair
Peel Hunt downgraded Kaz Minerals to ‘hold’ from ‘add’ after its third-quarter production report but upped the price target to 275p from 200p as it took a look at the copper sector.
Abzena shares plunge as Gilead drops simtuzumab
Life sciences group Abzena noted on Wednesday that during Gilead Sciences’ announcement of third quarter earnings on 1 November, it stated that no further development of simtuzumab will be pursued.
FTSE 100 movers: Next rallies but StanChart sinks again
London’s FTSE 100 was down 1% to 6,850. 01 in afternoon trade.
Crude oil futures sent reeling as DoE data shows build in US oil stockpiles
US oil stockpiles jumped sharply over the latest week as imports shot up, sending futures reeling.
Foreign trade will not compensate for EU trade loss after Brexit, says NIESR
The National Institute of Social and Economic Research (NIESR) warned that lost trade from leaving the European Union will be hard to replace.
High court to rule on Article 50 Brexit case on Thursday morning
The High Court will rule on Thursday morning whether the Prime Minister can trigger Article 50 and begin the process for Britain’s exit from the EU without a parliamentary vote.
Pactiv to buy RM2 International's pallets
Sustainable pallet developer RM2 International agreed that Pactiv, a subsidiary of US packaging company Reynolds Group, will buy and use its pallet product.
Time Warner reports impressive earnings beat as it prepares for AT&T merger
Entertainment corporation Time Warner posted better-than-expected results for its fiscal third quarter on Wednesday.
Thursday preview: Bank of England's 'Super Thursday' in the spotlight
The Bank of England’s so-called ‘Super Thursday’ will be in focus with the release of the central bank’s interest rate decision, policy meeting minutes and inflation report.
Facebook blocks Admiral's latest car insurance product
Admiral’s launch of a new app for first-time car owners has been postponed after Facebook blocked the insurer from sifting through the profiles of some of its users to determine what kind of driver they would be as this would breach its usage policy.
Electric Word offloads Optimus Professional Publishing
Electric Word announced the sale of a subsidiary on Wednesday - Optimus Professional Publishing - to Prospects Education Services.
US private sector adds fewer jobs than expected in October
Private sector employment in the US rose less than expected in October, according to data released by ADP on Wednesday.
Wednesday newspaper share tips: Virgin Money, Clarkson
Shares in Virgin Money have bounced back sharply following their post-Brexit drop but the gyrations in the stock show that investors are wont to rush for the exit at the first sign of economic troubles, The Times´s Tempus cautioned.
Obtala approved for continues listing on Social Stock Exchange
Africa-focused agricultural and forestry company Obtala announced on Wednesday that, following the successful review of its year two Impact Report, it has been approved by the Admissions Panel as an ongoing member of the Social Stock Exchange.
Allergan posts second consecutive quarterly miss
US pharmaceutical company Allergan has missed analyst expectations for revenue and earnings per share for the second quarter running.
Mariana Resources upbeat on Awale prospects
Exploration and development company Mariana Resources updated the market on the Bondoukou gold projects on Wednesday, following the acquisition of Awalé Resources.
BlueRock Diamonds raises £750,000 to invest in South Africa mine
Explorer BlueRock Diamonds has raised £750,000 from an equity placing on AIM and a loan note extension in order to invest in its Kareevlei mine in South Africa.
Theresa May gave assurances on "no hard border" for NI, Irish PM says
Irish Taoiseach Enda Kenny has said that British Prime Minister Theresa May has given him assurances that Northern Ireland will not be subjected to hard border when Brexit eventually comes to pass.
Europe midday: Stocks drop amid US election woes; Fed eyed
European stocks fell 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.