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'Super cautious' OPEC stance on output increases could backfire, Citi says
The "super cautious" approach adopted by Saudi when it comes to adding to global crude oil supplies might backfire on the Organisation of Petroleum Exporting Countries and its allies, Citi argued.
JP Morgan restates 'overweight' rating on Experian
JP Morgan reiterated its 'overweight" rating on Experian and made the credit checker its "top idea" after a recent decline in the share price.
Europe strives for tech sovereignty to have more leverage with foreign powers
Europe is focusing on acquiring tech sovereignty in a move to be less reliant on foreign powers and have more leverage in future negotiations.
Liberum upgrades Ferrexpo to ‘buy’, hikes price target
House broker Liberum upgraded its rating on shares of iron ore company Ferrexpo to ‘buy’ from ‘hold’ on Wednesday, hiking the price target to 500p from 180p.
Profits slide at Inditex as Covid-19 shutters stores
Annual profits have tumbled at Spanish fashion giant Inditex, after the Covid-19 pandemic shuttered its stores worldwide.
Kremlin slows Twitter's speed over failure to remove banned content
Russia’s state communications watchdog said on Wednesday it was slowing down the speed of Twitter with the aim of restricting its use over claims that the platform had failed to remove banned content from its site.
Abingdon Health inks sales and distribution agreement with BioSure UK
Rapid tests developer Abingdon Health has signed a non-exclusive sales and distribution agreement in the UK and Europe for its AbC-19 rapid neutralising antibody test with BioSure UK.
Destiny Pharma's CSO joins UK Covid-19 research and innovation taskforce
Clinical stage innovative biotechnology company Destiny Pharma said on Wednesday that chief scientific officer Dr Bill Love has joined the UK's Covid-19 Research and Innovation Taskforce.
Asia report: Markets mixed following tech rally on Wall Street
Markets in Asia finished in a mixed state on Wednesday, having seen some decent gains earlier in the session following a tech-led bumper session on Wall Street overnight.
Hill & Smith posts drop in FY profit but sees recovery in 2021
Hill & Smith reported a drop in full-year profit on Wednesday as it took a hit from the pandemic, but the company lifted its dividend and said it expects to see a recovery in trading this year.
In The Style valued at £105m on strong IPO demand
In The Style said it would be valued at £105m after strong demand from investors for the online fashion retailer's initial public offering.
Tremor recovers to record second-half performance in 2020
Tremor International reported a record performance in both the fourth quarter and the second half in its full-year results on Wednesday, which dominated trading for 2020.
Breedon turns in 'robust' performance for 2020
Breedon described a “robust performance” in its annual results for 2020 on Wednesday, as its revenue was broadly flat at £928. 7m, compared to £929. 6m in the prior year.
Consumer demand helps De Beers diamond sales shine
Anglo American reported a rise in rough-diamond sales at its De Beers unit in the second sales cycle of 2021 year-on-year, on the back of higher consumer demand.
Kin and Carta reports record backlog after profit drop
Kin and Carta reported a record backlog of work and said it was on track to meet forecasts for annual results after a near-halving of first-half profit.
Ibstock swings to loss amid pandemic
Clay bricks and concrete products manufacturer Ibstock said on Wednesday that it swung to a full-year loss as demand was hit by the Covid-19 pandemic, but recommended a dividend.
Tullow Oil FY gross profits slide on falling revenues
Exploration and production group Tullow Oil said on Wednesday that gross profits and revenues had both fallen in the twelve months ended 31 December.
Europe open: Shares slip as mining stocks struggle, inflation weighs
European stocks retreated at the opening on Wednesday after strong gains in the previous session, as inflation fears persisted.
CLS posts drop in full-year profits, EPS
Office space specialist CLS Holdings said on Wednesday that pre-tax profits and earnings per share had both declined in 2020 due to lower portfolio valuation gains.
London open: Stocks fall amid inflation concerns; miners slump
London stocks fell in early trade on Wednesday amid ongoing concerns about inflation, with heavily-weighted miners pacing the decline,.