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Broker tips: Hikma Pharmaceuticals, Vistry Group
Analysts at Jefferies upgraded drugmaker Hikma Pharmaceuticals from 'hold' to 'buy' on Wednesday, stating the group's share price was yet to reflect "a series of upcoming product catalysts".
Berenberg raises target price on Vistry
Analysts at Berenberg raised their target on construction firm Vistry Group from 1,210. 0p to 1,270. 0p on Wednesday, stating there was still more gains to come despite the stock's recent rise.
Chicago PMI rises more than expected in March
Economic activity in the Chicago area improved more than expected in March, according to data released on Wednesday.
Deliveroo slumps on market debut
Deliveroo shares tanked on its market debut on Wednesday, with more than £2bn wiped off the company’s valuation within minutes of the opening bell.
US open: Stocks mixed as investors await Biden's infrastructure plan
Wall Street trading was mixed early on Wednesday as investors awaited more details about Joe Biden's infrastructure spending plan.
Fuller's announces £53m placing ahead of reopening
Fuller, Smith & Turner announced on Wednesday that it was looking to raise around £53m in a share placing to help with the reopening of its pubs in April, as it said full-year revenues are expected to be down 80% on the year.
FTSE 250 movers: Capita rallies, ITV drops in quiet trade
London’s FTSE 250 was flat as a pancake in afternoon trade on Wednesday, at 21,575. 02.
FTSE 100 movers: Hikma rallies on upgrade; BP hit by downgrade
London’s FTSE 100 was down 0. 4% at 6,748. 07 in afternoon trade on Wednesday.
Lloyd's of London posts £900m loss as Covid claims could hit £6.2bn
Lloyd’s of London said it expected 2020 payouts for insurance claims related to the Covid-19 pandemic to hit £6. 2bn as it reported pre-tax net losses of £0. 9bn in an “extremely challenging year”.
US private sector employment grows at fastest pace in six months
Private sector employment grew by 517,000 jobs in March, according to the ADP's national employment report, the strongest gain seen since September.
Phoenix Copper to begin geophysical surveys in Nevada
North America-focussed base and precious metals explorer and producer Phoenix Copper said on Wednesday that Magee Geophysical Services of Reno, Nevada, has been appointed to conduct geophysical surveys at its Red Star silver-lead project and Navarre Creek gold project.
President Energy reports solid progress in Argentina
South America-focussed exploration and production company President Energy said on Wednesday that the new LB-1002 well on Las Bases field in Rio Negro, Argentina, was projected to spud later in the day, in line with its expectations.
FCA approves Amigo Holdings's proposed scheme of arrangement
The UK High Court gave the green light overnight for Amigo Holdings's creditors to vote on the guarantor lender's proposed scheme of arrangement.
US pre-open: Futures mixed ahead of Biden's infrastructure bill unveiling
Wall Street futures were mixed ahead of the bell on Wednesday as investors awaited an update from Joe Biden regarding his infrastructure spending plan.
'Bring it on', ECB's Lagarde tells skeptics
European Central Bank chief Christine Lagarde fired a shot across the bow of financial markets participants who might be tempted to second guess the institution's commitment to keeping monetary policy easy.
Jefferies upgrades Hikma to 'buy'
Analysts at Jefferies upgraded drugmaker Hikma Pharmaceuticals from 'hold' to 'buy' on Wednesday, stating the group's share price was yet to reflect "a series of upcoming product catalysts".
Losses narrow for Symphony Environmental as EU legal action looms
Plastic and rubber sustainability technology company Symphony Environmental Technologies reported group revenues of £9. 77m in its preliminary results on Wednesday, up from £8. 22m year-on-year, with increases across all of its primary product areas.
Bayer set to sell pest control unit for $2.4bn
German chemicals group Bayer is gearing up to sell its pest control unit Bayer Environmental Science in the summer of 2021 for as much as $2. 4bn, Reuters reported on Wednesday.
Google contributes €25m to EU media fund to fight fake news
Google announced on Wednesday that it has pledged €25m to the European Media & Information Fund over the next five years to help prevent the spread of misinformation.
London midday: Stocks a little lower as investors mull GDP
London stocks were still a little weaker by midday on Wednesday, with little in the way of corporate news to drive markets, as investors mulled the latest UK GDP reading.