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London close: Stocks finish choppy session in the red
London’s stock markets presented a downbeat picture at the close of Wednesday’s trading session.
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FTSE 100 movers: IMI rallies; Centrica hit by downgrade
London’s FTSE 100 was down 0. 4% at 7,592. 32 in afternoon trade on Wednesday.
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US open: Wall Street holds its ground, Treasury yields and government shutdown in focus
A dip in bond yields was helping stocks hold their ground on Wednesday as markets attempted to rebound after heavy falls the previous session.
FTSE 250 movers: Ithaca gushes on UK govt decision to allow more fossil fuels
The government has approved the development of Rosebank, the UK’s largest untapped oil field, sending shares in its operators higher.
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Thursday preview: German, Spanish CPI and Fed speakers on tap
Financial markets' focus on Thursday will be on consumer price data due out in two of the single currency bloc's largest economies.
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Centrica shares approaching fair value, says BofA ML
Bank of America Merrill Lynch downgraded Centrica to ‘equalweight’ from ‘overweight’ on Wednesday and said it would switch into SSE, Engie or Fortum.
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Jefferies cuts Reit ratings as office vacancies mount
Jefferies has downgraded a number of real estate investment trusts, including British Land, on the back of waning demand for office space.
Morrisons CEO Potts to step down, replaced by former Carrefour boss
Supermarket chain Morrisons said David Potts was stepping down as chief executive after nine years in the role, to be replaced by former Carrefour boss Rami Baitiéh.
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US durable goods orders rise slightly in September
Orders for durable goods rose slightly last month, alongside a sharp rise in those for so-called core capital goods, which are considered a good lead indicator for business investment.
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Evergrande chair placed under police surveillance - report
The billionaire chair of the embattled China Evergrande Group has been placed under police surveillance, it was reported on Wednesday.
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Director dealings: TUI, Oxford Biomedica board members linked to buys
TUI was among those on the list of director buys on Wednesday after its chief executive officer purchased almost 50,000 shares.
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US DOJ steps up probe into Credit Suisse, UBS over Russian sanctions
The US Department of Justice has reportedly stepped up its probe into Credit Suisse and UBS over suspected compliance failures that allowed Russian clients to evade sanctions.
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London midday: Stocks edge lower; Centrica hit by broker notes
London stocks had edged lower by midday on Wednesday as the prospect of higher-for-longer interest rates continued to weigh on sentiment.
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Citi slashes Entain targets but still sees upside
Citigroup has slashed its target price for Entain by nearly a third after the gambling company's disappointing third-quarter update this week, but remained broadly positive on the stock.
Europe midday: Rate worries continue to weigh on sentiment
European shares were lower on Wednesday as worries over interest rates continued to unsettle investors, leading to a sharp fall on US markets overnight on the back of surging treasury yields.
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US pre-open: Stocks to rebound as bond yields ease
A drop in bond yields was triggering a rise on stock futures on Wednesday as markets attempted to rebound after heavy falls the previous session.
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Alfa Financial in takeover talks with US PE firm Thomas H Lee Partners
Asset finance software company Alfa Financial Software Holdings confirmed on Wednesday that it is in preliminary takeover talks with US private equity firm Thomas H Lee Partners.
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Samsung to invest $2bn in second battery factory with Stellantis
Samsung SDI is to invest $2bn building a second battery plant in the US with global car group Stellantis, it was confirmed on Wednesday.
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Rising bills, cost-of-living crisis hit Tasty's bottom line
Casual dining operator Tasty reported minor first-half revenue growth on Wednesday, with a 0. 9% increase year-on-year to £21. 7m.
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September heatwave hits sales at H&M
Sweden's H&M Group reported a jump in profits on Wednesday, in line with expectations, but warned that unseasonably hot weather had dented current trading.