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Europe open: Shares flat ahead of German CPI; Orsted tanks
European shares were flat at the open on Wednesday as investors eyed German inflation numbers later in the morning.
Europe midday: Shares slip as investors digest NRW inflation print, Sentix
European shares slipped into the red at midday on Wednesday as investors eyed German inflation numbers later in the day along with survey data on the continent's biggest economy.
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Europe close: US GDP data hits sentiment; Orsted tanks
European shares closed lower as US GDP and German inflation numbers dented sentiment, while shares in Danish wind farm giant Orsted tanked after it warned of a massive impairment on its US operations.
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London close: Stocks manage gains amid wave of data
London’s stock market saw moderate gains on Wednesday, despite retreating from session highs by the close of trading.
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Director dealings: Pantheon, Abrdn directors pick up market shares
Pantheon Resources was on the list of director buys on Wednesday, after its executive chairman picked up one million shares.
Thursday preview: Eurozone inflation expected to slow
Economic data is once again likely to dominate newsflow on Thursday with a host of indicators expected from Europe and the US.
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FTSE 100 movers: Prudential pushes higher; Kingfisher hit by broker note
London’s FTSE 100 was up 0. 2% at 7,474. 22 in afternoon trade on Wednesday.
FTSE 250 movers: Future up on B2B sale report
Future shares surged on Wednesday following a report the media group’s new chief executive is looking to sever ties with its business-to-business operations.
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US open: Stocks inch higher after poor data
It was a tentative start for stocks on Wall Street on Wednesday as investors digested yet more disappointing economic data and tried to predict what it could mean for future monetary policy.
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Flowtech Fluidpower revenue rises but earnings fall
Flowtech Fluidpower reported a 2. 8% increase in revenue in its first-half results on Wednesday, reaching £59. 1m, compared to £57. 5m in the first half of 2022.
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Future CEO looking to sell B2B operations - report
Future shares surged on Wednesday following a report the media group’s new chief executive is looking to sever ties with its business-to-business operations.
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German inflation registers slight fall in August
German inflation recorded a slight fall in August, according to preliminary official data released on Wednesday.
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Firering commissions crushing system at Zambia lime plant
Explorer and developer Firering Strategic Minerals announced the commissioning of a crushing system, as well as the completion of design work for lime kilns at the Zambian lime plant owned by Limeco Resources on Wednesday.
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Eco Atlantic makes decent progress in first quarter
Offshore oil and gas explorer Eco Atlantic updated the market on its first quarter on Wednesday, reporting cash and cash equivalents of $2. 4m, with no outstanding debt.
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K3 Business Technology pleased with first-half performance
Fashion and apparel-focussed business software specialist K3 Business Technology reported an overall first-half performance that exceeded management expectations on Wednesday.
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Belluscura signs 10-year licensing deal in China, Asian markets
Medical device developer Belluscura announced a 10-year exclusive licence, marketing and distribution agreement with InnoMax Medical Technology on Wednesday.
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EnSilica wins EUR 2.5m satellite broadband chip contract
Application-specific integrated circuit (ASIC) specialist EnSilica has won a contract valued at €2. 5m for its satellite broadband chip, it announced on Wednesday.
US GDP growth revised down in second quarter
US economic growth was less than expected in the second quarter of 2023, official revised estimates out on Wednesday showed.
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Job creation slows to pre-pandemic levels in August, ADP says
The US private sector added fewer jobs than expected in August, according to the ADP Research Institute, as recent strong growth tailed off to levels not seen since before the pandemic.
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London midday: Stocks off highs as investors mull mortgage approvals
London stocks were up but off highs by midday on Wednesday, with Prudential rallying on the back of results, as investors mulled the latest UK mortgage approvals and consumer credit data.