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Market anticipating profit warning from Babcock, analyst sees opportunity
Following BT's shock profit warning linked to a deteriorating outlook for UK public sector work, broker Shore Capital wondered "when will Babcock warn?".
US close: Dow closes above 20,000 as Trump signs Mexico wall order
As new President Donald Trump rubber stamped the building of a wall between the US and Mexico, the Dow Jones cemented its early breach of the historic 20,000 barrier for the first time on Wednesday by closing above that hurdle.
Dow Jones breaches historic 20,000 mark for the first time
The benchmark US stock index, the Dow Jones Industrial Average, hit the psychological 20,000 mark for the first time in its history on Wednesday, as the "Trump Rally" rolled on.
Commodities: Precious metals lower despite weakness in US dollar
Weakness in precious metals and agricultural futures, despite a dip in the US dollar, weighed on the comodity space.
Small cap round up
Digital media content provider One Media iPGroup announced on Wednesday that it has renewed the exclusive rights to the MDProduction music catalogue, for a recoupable advance of $18,000. The AIM-traded firm said the MD catalogue comprises more than 1,000 original recordings from the 1960s to the 1980s, and artists such as Don Fardon, The Cockerel Chorus, Dando Shaft, Gill Scott-Heron, Greyhound, Roy Harper, Johnny Kidd & the Pirates, Kenny and Python Lee Jackson and others.
Europe close: Stocks jump, led by surge in banks, Santander
European stocks tracked gains on Wall Street with Santander leading the way following the release of its latest full-year figures.
Young's former CEO replaces Nick Bryan as chairman
Young & Co. ’s Brewery on Wednesday announced that its non-executive chairman Nick Bryan will stand down at the end of the current fiscal year on 3 April.
Lloyds' equity arm buys stake in pharma comms company Fishawack
LDC, Lloyds Bank’s private equity arm, has bought a stake in pharmaceutical communications company Fishawack, valuing the Cheshire-based firm at £38m, according to The Telegraph.
London close: FTSE ends higher as Trump lifts global sentiment
The FTSE 100 rose marginally on Wednesday as global stocks rallied after a series of executive orders from US President Donald Trump lifted investor sentiment.
Directors dealings: Jardine Matheson boss picks up stock near 52-week high
Ben Keswick, Jardine Matheson´s chairman and managing director, picked up a large amount of shares in the Asia-focused conglomerate.
British steel makes comeback after TATA sale
British Steel said it is on track to delivering sustainable growth since it was bought by investment fund Greybull from TATA last summer.
Scotch whisky fills up UK economy by £5bn every year
New research from the Scotch Whisky Association suggests at least £5bn per year is created from the alcoholic drink, supporting more than 40,000 jobs in Britain.
Tethyan Resources upbeat on Serbia drill hole results
Tethyan Resources announced the results of its remaining drill holes, following the completion of its four diamond drill hole programme at the Rudnitza copper-gold porphyry prospect within the Suva Ruda exploration permit in Serbia.
Clinigen profits rise by a third
Global pharmaceutical and services company Clinigen Group provided a trading update for the six months to 31 December on Wednesday, with gross profit up 34%.
Sector movers: Cyclicals, banks jump, while precious metals miners retreat
Cyclicals led the advance, led by Automobile stocks such as GKN and construction outfits like CRH, both of which benefit from bets on an improving world economy, especially in the States.
Trump administration halts press communications from EPA
The Environmental Protection Agency's press operations have been curtailed by a directive from Donald Trump's administration, according to several reports on Wednesday.
Horizonte appoints Wagner Lucio Oliveira as feasibility study manager
Brazil-focused nickel development company Horizonte Minerals announced on Wednesday that it has appointed Wagner Lucio Oliveira to a non-board position as its feasibility study manager for its 100% owned Araguaia nickel project, which is being developed as the next major nickel project in Brazil.
Beximco Pharma partners with BioCare in Malaysia
Generic pharmaceutical products manufacturer Beximco Pharmaceuticals announced the creation of a joint venture with BioCare Manufacturing, based in Malaysia, as the company's first overseas manufacturing collaboration on Wednesday.
FTSE 100 movers: Antofagasta shines but Vodafone slumps on downgrade
London’s FTSE 100 was up 0. 4% to 7,175. 04 in afternon trade, with miners in focus after a slew of production reports.
FTSE 250 movers: McCarthy & Stone climb, gold miners lose shine
The FTSE 250 index rose 0. 41% to 18,171. 68 in the late afternoon.