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British Land lifted profits strongly higher in the first half of its financial year but said it expects to proceed more cautiously in property development as it noted a change in the behaviour of property markets since the Brexit vote, with leasing momentum maintained in retail but more caution among office occupiers.
US open: Stocks retreat following previous Trump gains
US stocks retreated after previous gains following Donald Trump’s election victory, as investors’ confidence of a rate hike from the Federal Reserve grew.
RBC Capital cuts Aggreko target after Q3 update
RBC Capital Markets slashed its price target on Aggreko to 850p from 1,050p following the temporary power provider’s third-quarter trading update on Wednesday, keeping its rating at ‘sector perform’.
Weak pound makes it harder to keep interest rates low, BoE's Cunliffe says
Weakness in Sterling made it more difficult for the Bank of England to keep interest rates low in order to offset the impact from unexpected shocks, a top central bank official said.
WTI futures trim losses after weekly US inventory data
US oil stockpiles jumped during the previous week as the flow of imports picked-up, government data showed.
Churchill mining expects ruling on Indonesia case in 2 weeks
Indonesia-focused coal miner Churchill Mining said the International Centre for Settlement of Investment Disputes (ICSID) would be issuing a ruling on its claim against the Indonesian government within two weeks.
MP Evans gets shareholder support for KLK offer rejection
Indonesian palm oil plantation owner MP Evans has received “immediate and unequivocal” support from just under 41% of its shareholders for its rejection of Kuala Lumpur Kepong’s sweetened offer for the company.
Golden Saint Resources making progress at Baja and Tongo
West Africa-focused diamond and gold exploration company Golden Saint Resources updated the market over two of its licences in Sierra Leone on Wednesday - the Baja licence and the Tongo licence.
Trinity Capital completes assets offload
AIM-listed Trinity Capital said its wholly-owned subsidiary, Trinity Capital Mauritius Limited (TCML), had completed the realisation of its investments in Trinity Capital (One) Limited and Trinity Capital (Five) Limited and received proceeds of £8. 7m.
Broker tips: Mitie, Electrocomponents, Anglo American
RBC Capital Markets downgraded outsourcing company Mitie ‘underperform’ from ‘sector perform’ and cut the price target to 160p from 195p ahead of first-half results.
Thursday preview: Yellen speaks amid expected Trump attacks
While some UK investors will be keeping an eye on official retail figures, the amount of market emotion tied up in the American political and economic transition means the first speech from Federal Reserve chair Janet Yellen since the election will be microscopically examined.
Trump represents "continuation of the status quo" - Bill Gross
Bond manager Bill Gross of Janus Capital Group has said Donald Trump will not gain more than one term as president of the United States, and has rubbished the former reality television star's promise to "drain the swamp".
Utilico Emerging Markets posts positive first-half return
Utilico Emerging Markets posted its unaudited statement of results for the six months to 30 September on Wednesday, reporting its net asset value total return per ordinary share as positive at 13. 3% in the half year.
US industrial production flat in October, misses estimates
US industrial production was unchanged in October following a 0. 2% drop in September, according to the latest data from the Federal Reserve.
UK's Johnson making 'impossible' promise on Brexit: Dutch minister
UK Foreign Secretary Boris Johnson was accused of promising an “intellectually impossible” deal on Brexit by Dutch Finance Minister Jeroen Dijsselbloem.
George W Bush tells Trump "anger shouldn't drive policy"
Former US president George W Bush has given Donald Trump some advice ahead of the former reality television star's entry into the Oval Office, telling him to not configure policy based on the anger of sections of the population.
Petro Matad taps into Mongolian oil field containing up to 23bn barrels
Shares in Petro Matad soared on Wednesday as the oil explorer said it had tapped into a large oil field in Mongolia, which contains between nine and 23bn barrels of oil.
Fund managers put their cash into banks in November, BofA-ML says
Global fund managers moved out of cash in November and into cyclicals - perhaps too quickly - with the result of the US election accelerating the move and catalyzing the buying of American stocks, according to the results of a widely-followed survey.
Flowgroup ponders new direction or sale of microCHP business
Although its energy supply business is going from strength to strength, Flowgroup said it had slowed production of its combined heat-and-power boilers and was mulling a sale or exit from the business due to doubts over government support for the green technology.
RAIB issues urgent advice to FirstGroup after Croydon tram derailment
The Rail Accident Investigation Branch released its interim report into the deadly Croydon tram crash on Wednesday, issuing urgent safety advice to the tram and infrastructure operators while it continued its investigation.