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Rolls Royce shares set to nearly double by 2020, hedge-fund manager says
Shares in Rolls Royce might be set to nearly double in value by 2020 as the manufacturer gains more market share and cash flow growth accelerates, a hedge-fund manager said.
Santander acquires struggling Spanish rival Banco Popular
Spanish banking giant Santander has rescued teetering rival Banco Popular by scooping up the Madrid-based bank for just €1 after its shares lost more than half their value in the past week on fears it might be forced into a deeply discounted rights issue.
London midday: Stocks edge higher as banks, housebuilders gain
London stocks had reversed course by midday on Wednesday, edging higher thanks to a strong showing from banks and housebuilders.
Discounted Tullow offers exposure to growing low-cost oil production - Barclays
Barclays reinstated its 'overweight' rating on Tullow Oil on Wednesday as the company nears completion of its two-year restructuring of its debt, costs and portfolio.
ECB set to lower euro area inflation forecasts, report says
The single currency weakened after Bloomberg reported that the European Central Bank might be set to lower its short and medium-term forecasts for inflation in the Eurozone.
Rotork offers improved risk-reward for Goldman Sachs
With Rotork shares the worst performing stock in the European capital goods sector over the last quarter due to oil price declines and cost inflation concerns, Goldman Sachs sees a buying opportunity as the risk-reward ratio shifts into more attractive territory.
Weaker pound lifts WPP revenue
Revenue at advertising giant WPP has risen in the first four months of the year, underpinned by a weak pound.
Broker tips: Qinetiq, Rotork, Tate & Lyle
Analysts at Berenberg lifted their target price on shares of Qinetiq due to the continued "significant" optionality afforded to the company by its comfortable cash position.
Jefferies downgrades Tate & Lyle on Nafta caution
Tate & Lyle is facing a likely softer sugar pricing climate in 2018 and combined with anticipated slow progress towards ramping up its speciality ingredients profits, Jefferies downgraded its recommendation on the shares to 'hold' from 'buy'.
Berenberg says Qinetiq deserves premium due to outlook for net cash
Analysts at Berenberg lifted their target price on shares of Qinetiq due to the continued "significant" optionality afforded to the company by its comfortable cash position.
Scotgold signs sales agreement with two unnamed Scottish jewellers
Scotgold Resources announced on Wednesday that a sales agreement had been signed with two of Scotland's “pre eminent” manufacturing jewellers.
AudioBoom audience still booming in second quarter
Spoken word audio-on-demand platform AudioBoom announced an update for the second quarter of the current financial year on Wednesday, with the company saying its strong performance for the first quarter of the year continued in the second quarter.
LiDCO gets FDA clearance for new hemodynamic monitor
Hemodynamic monitoring company LiDCO announced on Wednesday that it was granted clearance from the US Food and Drug Administration (FDA) under Section 510(k) of the Food, Drug and Cosmetic Act to market its new advanced hemodynamic monitoring platform LiDCOunity v2.
Asia report: Markets mixed ahead of risky Thursday
Markets in Asia finished mixed on Wednesday, with traders keeping their wallets closed ahead of a hat-trick of major events on Thursday - the UK general election, a review from the European Central Bank, and the scheduled testimony from former FBI director James Comey to the US Senate.
Europe midday: Stocks rebound ahead of key risk events
European stocks were mostly higher in early trading following a soft start to the week and ahead of multiple key risk events the next day, including the UK elections and US FBI director James Comey's testimony before a senate panel.
RPC profit more than doubles on acquisitions, weak pound
Profit at RPC more than doubled in the year to the end of March as it benefited from recent acquisitions and a weaker pound.
UK house prices hold up better than expected in May, Halifax says
UK house prices held up better than expected last month although the year-on-year rate of price gains continued to cool.
3rd ICO Sustainable Bond Forum
The Secretary of State for the Economy and Business Support, Irene Garrido, and the Chairman of Instituto de Crédito Oficial, Pablo Zalba, opened ICO's Sustainable Bonds Forum which, for the third consecutive year, met in Madrid with issuers, investors, banks, agencies and other participants in the sector to discuss the current situation and market outlook.
US pre-open: Stocks seen flat as investors eye Thursday's big events
US futures pointed to a muted open on Wall Street on Wednesday as investors look to the following day's big events, which include the UK general election, a European Central Bank meeting and former FBI boss James Comey's testimony before the Senate panel.
May wants to change human rights laws to combat terror threats
Theresa May has said that she is willing to tear up human rights laws in order to combat the threat of terror attacks in the UK, in a last-ditch attempt to convince voters ahead of Thursday's election.