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Ixico selected for Alzheimer's clinical trial
Neuroscience artificial intelligence (AI) analytics company Ixico has been selected by a current mid-sized biopharmaceutical client to support a phase 2 Alzheimer's disease clinical trial, it announced on Wednesday.
Shore cuts rating on 'too far, too soon' Virgin Money
Virgin Money UK's shares have risen "too far, too soon", Shore Capital said as the broker cut its rating on the bank to 'hold'.
Next buys 25% stake in Reiss for £33m
Next has agreed to purchase a 25% interest in fashion brand Reiss for £33m.
US CPI ticks up 0.4% in February
February's US consumer price index increased 0. 4% in February on a seasonally adjusted basis after rising 0. 3% in January, according to the Bureau of Labor Statistics.
BofA Merrill Lynch reiterates 'overweight' on Pearson, hikes price target
Bank of America Merrill Lynch upped its price target on educational publisher Pearson and reiterated its ‘overweight’ rating following the release of its full-year results.
Buybacks make a comeback as crisis eases
UK companies have announced more than £2bn of share buybacks in 2021 with more in the pipeline, suggesting this means of returning cash to shareholders is on the way back.
Boris Johnson backs cutting air passenger duty on domestic flights
The prime minister has backed cutting air passenger duty on domestic flights, following the publication of an interim review into transport between the UK nations.
Berenberg raises target price on ITV
Analysts at Berenberg raised their target price on broadcaster ITV from 95. 0p to 112. 0p on Wednesday but raised questions about the group's advertising revenues when "normal life" resumes.
Kent Covid-19 strain 30-100% more deadly, study finds
The Covid-19 strain first detected in the UK is anywhere between 30% to 100% more deadly than the previous ones, a study found.
Barclays equity strategy: EPS growth key to offsetting rise in bond yields
Increasing momentum in analysts' estimates for company earnings is helping to offset the pressure from rising government bond yields on shares' valuation multiples, analysts at Barclays Research said.
US pre-open: Stocks mixed as bond yield and stimulus talks remain in focus
Wall Street futures were mixed ahead of the bell on Wednesday as market participants remained focussed on bond yields and stimulus talks.
Intelligent Ultrasound launches ScanNav PNB trainer in the UK
Ultrasound artificial intelligence (AI) software and simulation company Intelligent Ultrasound announced the UK launch of the ‘ScanNav Anatomy: Peripheral Nerve Block (PNB)’ trainer on Wednesday.
Russia considers Italian facilities to make Sputnik V
Russia is seeking to make its Sputnik V vaccine in Italy to try to cover overseas demand for the Covid-19 jab.
Europe midday: Stoxx flirts with gains as Adidas, Quilter offset miners
European shares were flat at midday as strong corporate results from Quilter and Adidas offset falls in mining stocks due to weaker commodities prices.
London midday: Stocks in the red as miners weigh
London stocks were still a little weaker by midday on Wednesday amid worries about inflation, with miners under the cosh.
Legal & General reports slight fall in annual profits
Legal & General reported flat annual operating profits as it set aside an extra £110m in Covid-19 insurance claims due to the emergence of new virus strains.
Factory prices hit two-year high in China as consumer inflation eases
Factory gate prices in China have risen to their highest level since November 2018, official data showed overnight on Wednesday.
Apollo bid for Greensill on verge of collapse - reports
Apollo Global Management’s plan to buy parts of collapsed finance company Greensill Capital is looking doubtful after a key partner moved to secure its own finances, media reported on Wednesday.
Royal Mail ups guidance on stronger letter volumes
Royal Mail increased its guidance for annual profit after letter volumes were higher than expected.
Alien Metals signs exclusivity agreement over Elizabeth Hill tailings
Minerals exploration and development company Alien Metals has signed an exclusivity agreement with Wombat Resources, the owner of the historic tailings on site within the Elizabeth Hill silver project in Western Australia, it announced on Wednesday.