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Pendragon 'well-positioned' for recovery despite FY sales tumble
Car dealership Pendragon reported a modest full-year profit on Wednesday, despite seeing revenues tumble by more than a third, after a strong end to the year helped offset first-half losses.
JP Morgan ups WH Smith target but cuts to 'neutral'
JP Morgan increased its price target for WH Smith but cut its rating to 'neutral' after the shares strong performance so far in 2021.
Hong Kong temporarily halts Pfizer-BioNTech vaccine rollout
Distribution of the Pfizer-BioNTech coronavirus vaccine has been temporarily halted in Hong Kong and Macau over packaging concerns.
Berenberg upgrades Unite to 'buy', cites increased visibility
Analysts at Berenberg upgraded student accommodation provider Unite Group from 'hold' to 'buy' on Wednesday, stating increased visibility had provided the stock with re-rating potential.
FCA not planning to oppose Amigo rescue
The Financial Conduct Authority is not planning to challenge Amigo's rescue plan but the regulator failed to support the scheme and said it was concerned about low compensation payments to customers.
Indivior puts biggest investor on board in overhaul
Indivior has given Scopia Capital, its biggest investor, a place on its board as part of a governance overhaul by the prescription drugs group.
Asia report: Hang Seng enters correction territory amid fresh Covid concerns
Markets in Asia largely closed in negative territory on Wednesday, with Hong Kong’s benchmark sliding into correction territory, amid fresh concerns around the global Covid-19 pandemic.
German cabinet green lights additional budget with record-breaking new borrowings
German Chancellor Angela Merkel's cabinet has approved the government's 2021 and 2022 budget plans, including the assumption of an extra €60. 0bn in net debt for 2021 as part of an effort to help offset impacts stemming from the Covid-19 pandemic.
Eurozone business activity returns to growth in March
Eurozone business activity returned to growth in March, according to preliminary data released on Wednesday, but any further improvement was likely to be held back by the recent tightening of Covid-19 restrictions in several countries.
Aviva to shun Deliveroo IPO over treatment of workers
Aviva Investors said it would not buy shares in Deliveroo's flotation because of risks posed by the company's treatment of its workers.
BT to pay pandemic bonus to 59,000 frontline workers
BT Group is to pay its frontline workers a one-off pandemic bonus of £1,500, the telecoms group said on Wednesday.
Strix ends year 'significantly ahead' of Covid-19 planning expectations
Kettle control and water filtration technology company Strix reported a 1. 6% decline in revenue in 2020 on Wednesday, to £95. 3m, which it said was “significantly ahead” of its Covid-19 scenario planning expectations, with a “marked recovery” in the second half.
Titon Holdings names Matthew Norris as CEO
Ventilation systems manufacturer Titon Holdings said on Wednesday that former Jim Lawrence Lighting and Home operations director Matthew Norris would join the group as chief executive officer on 12 July.
UK business activity surges back to growth - PMI
UK business activity returned to growth in March, powered by stronger consumer confidence and rebounding sales ahead of a planned lifting of the Covid-19 lockdown, a survey showed.
Teslas can now be bought with Bitcoin, says Technoking
Elon Musk tweeted on Wednesday that Teslas can now be bought with Bitcoin, sending the price of the cryptocurrency higher.
Novacyt launches CE-marked rapid Covid-19 variant test
Clinical diagnostics specialist Novacyt announced the launch of ‘SNPsig VariPLEX’ on Wednesday, as a CE-marked polymerase chain reaction (PCR) assay panel, able to detect the four currently-recognised Covid-19 variants of concern, and the two most biologically significant mutations, in a single kit.
Adjusted earnings improve as Telit focuses on cash generation
Internet-of-things (IoT) technology company Telit reported a 10. 2% fall in group revenues in its preliminary results on Wednesday, to $343. 6m (£250. 54m).
St James House shares resume trading on AIM following publication of interim report
Shares in IT services management company St James House resumed trading on AIM on Wednesday after the group said that for the six months ended 31 July 2020, it had seen an improvement in its overall performance, resulting in interim pre-tax losses narrowing from £1. 31m to £567,000.
Bloomsbury lifts FY expectations after 'exceptional' February sales
Bloomsbury Publishing lifted its profit expectations again on Wednesday following an "exceptional" sales performance in February, as it continues to benefit from lockdown reading.
Keywords Studios FY profits surge amid pandemic-fuelled industry boom
Video game industry services company Keywords Studios said on Wednesday that profits had surged in 2020 on the back of an industry boom amid the Covid-19 pandemic.