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HML Holdings buys London property manager for up to £2.7m
HML Holdings, a provider of property management and insurance services, is to buy Faraday Property Management, a Holborn-based property manager, for up to £2. 7m.
US close: Markets mixed as investors look to Fed speeches
US equity markets were mixed on Wednesday as investors looked to speeches from Federal Reserve officials and kept abreast of events in Europe as Britain started divorce proceedings with the EU.
US central bank should raise rates four times in 2017, Fed's Rosengren says
The head of the regional US Federal Reserve Bank of Boston called for a faster pace of rate hikes than his colleagues in 2017.
FX round-up: Sterling's overall reaction to 'Brexit Wednesday' tame, euro down
Sterling saw a rather "tame" reaction to Brexit negotiations being activated by Prime Minister Theresa May, rising from a midday funk to recoup most of its earlier softness against the US dollar.
Bonds: Fedspeak, ECB report push bond prices higher
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Europe close: Stocks rise as Brexit finally gets under way
Shares on the Continent were mostly higher on Wednesday even as Britain fired the starting gun on formal divorce proceedings with the European Union.
Sector movers: Financial services, oil firms gush higher
Financial services firms stood out on Wednesday, as an upgrade out of Morgan Stanley boosted stock in 3i to the top of the leaderboard on the Footsie.
WTI futures rise after weekly US oil stockpile data
Weekly US oil inventories rose slightly during the latest reference week, albeit alongside sharp drops in product stockpiles.
Director dealings: Biopharma Credit director buys after IPO
Biopharma Credit director Colin Bond has snapped up £100,000 of shares in the newly listed investment trust, which is focused on generating sustainable income distributions from exposure to the debt assets issued by the life sciences industry.
London close: FTSE fends of Brexit nerves to end Wednesday higher
Equities in London fended off Brexit jitters to close higher, having overcome some softness seen around the time Prime Minister Theresa May fired the starting gun on UK divorce talks with the EU.
Domino's to use robots for pizza deliveries in Europe
German and Dutch pizza lovers will soon have their pies delivered by robots, as Domino’s announced a new partnership with robot tech firm Starship Technologies.
Allergy Therapeutics starts strong ahead of big second half
Allergy Therapeutics reported strong underlying revenue growth in the first half, boosted by an increased market share for its flagship Pollinex Quattro allergy treatment and one analyst feels the company's run of bad luck might be ending.
Ofcom demands changes to BBC broadcasting output
Ofcom, which on Monday will become the first independent regulator of the BBC, has proposed a wide-ranging set of new rules for the public broadcaster, including imposing minimum quotas on television and radio output of news, arts and sports and greater spending on original programming.
Brexit roundup: UK fires starting gun as May outlines aims for talks
Britain formally fired the starting gun on Brexit as European Council President Donald Tusk confirmed he had received formal notice of the UK's intention to leave the European Union.
Commodities: Crude makes modest gains with Libya, UAE, Opec output in focus
Crude-oil futures made modest gains on Wednesday as the black liquid benefited from supply distributions in Libya, a drop in March production from United Arab Emirates (UAE) and speculation of cartel Opec extending its 2016 output pledges.
Buzzfeed reportedly preparing for 2018 IPO
Digital news site Buzzfeed is making initial plans to float itself on the stock market as early as 2018, according to several reports on Wednesday.
US open: Stocks mixed as investors eye Fed officials, Brexit
US equity markets were mixed on Wednesday as investors looked to speeches from Federal Reserve officials and kept abreast of events in Europe as Britain started divorce proceedings with the EU.
Broker tips: Tesco, Acacia Mining
Following Tesco agreeing to pay a £129m fine over its accounting scandal, HSBC has reiterated its ‘buy’ rating and 260p target price.
Impact of Trump policies only somewhat factored-in, Fed's Fischer says
The US central bank is watching the White House's new policies with keen interest, but thus far their potential impact on the economy had only been factored into their forecasts somewhat, its second-highest ranking official said.
Acacia, Polymetal hit by JPM downgrade
JP Morgan Cazenove cut its stance on Acacia Mining to 'neutral' from 'overweight' and chopped the target price to 500p from 610p, saying the Tanzanian concentrate ban highlights near-term headwinds to the re-rating thesis.