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Thursday preview: Chinese foreign trade, weekly US jobs numbers in focus
The market spotlight would shift towards the People's Republic of China on Thursday.
London close: Stocks slip on rising oil price concerns
London’s stock markets closed in negative territory on Wednesday, as a significant rise in oil prices fuelled investor concerns over inflation.
Director dealings: Blackbird, Sareum insiders pick up shares
Blackbird found itself with a number of entries on the list of director buys on Wednesday, after a number of insiders and associates bought shares.
US open: Tech and pharma stocks providing a drag early on
US stock markets opened firmly in the red on Wednesday as inflationary concerns were reignited by a jump in bond yields and oil prices.
FTSE 250 movers: Bridgepoint surges on ECP deal; WH Smith out of favour
Bridgepoint announced the acquisition of most of Energy Capital Partners in a cash and share transaction to create a €57bn global private markets asset manager.
FTSE 100 movers: Burberry in the red; B&M bounces back
London’s FTSE 100 was down 0. 1% at 7,431. 00 in afternoon trade on Wednesday.
ABI warns UK govt to use 'extreme caution' on pension changes
Any changes to pension arrangements under government plans to stimulate the economy with workers' cash should be done with “extreme caution”, the Association of British Insurers (ABI) warned on Wednesday.
US services sector activity slows further in August, S&P says
Services sector activity in the US slowed a tad more than anticipated during the previous month, the results of a survey showed.
React Group wins two-year contract with UK variety store chain
Cleaning, hygiene and decontamination service provider React Group announced on Wednesday that it had secured an initial two-year contract to offer regular window and signage cleaning services to an expanding, unnamed variety store chain in the UK.
Surgical Innovations confident despite tough trading environment
Medical technology developer Surgical Innovations updated the market on its trading on Wednesday, projecting a promising outlook for the rest of the financial year ending 31 December.
Light Science Technologies buys Tomtech UK for £0.5m
Controlled environment agriculture (CEA) specialist Light Science Technologies (LST) announced its acquisition of Tomtech UK on Wednesday, for a total staged cash consideration of £0. 5m.
Concurrent Technologies buys Phillips Aerospace form $3.38m
Concurrent Technologies announced the successful acquisition of Phillips Aerospace on Wednesday, in a deal valued at $3. 38m.
NatWest confirms Haythornthwaite as its next chairman
NatWest Group confirmed that prominent business leader Rick Haythornthwaite would become its new chairman on Wednesday afternoon, following earlier media reports, amid ongoing controversies around the bank’s decision to close accounts of political figure Nigel Farage.
Savannah reports significant progress at Barroso Lithium Project
Europe-focussed lithium developer Savannah Resources announced significant progress in various aspects of its wholly-owned Barroso Lithium Project in Portugal on Wednesday.
Updated Covid vaccine effective against new strain - Moderna
Moderna’s updated Covid-19 vaccine has shown to be effective against a potentially dangerous new variant, the US biotech said on Wednesday.
Restore seals £140m contract with HMRC
Shares in document management firm Restore surged on Wednesday after the company announced a £140m contract with with HMRC.
Kefi Gold makes progress across Saudi Arabia projects
Kefi Gold and Copper updated the market on its recent activities in Saudi Arabia on Wednesday, including details on its minority-owned Gold & Minerals (GMCO), as well as various exploration sites at Jibal Qutman, Hawiah, Al Godeyer, and Abu Salal.
Genedrive diagnostic test system gets UKCA registration
Point-of-care molecular diagnostics developer Genedrive announced on Wednesday that its Genedrive CYP2C19 System has received UKCA marking registration.
Halfords revenues underpinned by 'needs-based' categories
Retailer Halfords reported a jump in revenues on Wednesday, underpinned by demand for motoring services.
Head of Swiss financial regulator quits
The head of Switzerland’s financial watchdog is to step down, it was confirmed on Wednesday, less than two years into the role.