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JPMorgan stays positive on BT, downplays Sky deal with CityFibre
JPMorgan has reiterated its 'outperform' rating on BT Group despite competition concerns hitting the stock following the announcement that Sky has signed a wholesale deal with CityFibre.
London open: Stocks nudge up after borrowing figures; Fed minutes eyed
London stocks nudged higher in early trade on Wednesday as investors mulled UK borrowing figures and looked ahead to the release of the latest Federal Reserve minutes.
Europe open: Stoxx rebounds as investors await Fed minutes, Powell speech
European stocks rallied on Wednesday after closing in the red a day earlier and snapping a five-day run of gains as investors eyed the release of minutes from the US Federal Reserve for commentary on inflation and interest rate prospects.
Walmart to sell entire $3.7bn stake in JD.com
Shares in JD. com tanked in Hong Kong on Wednesday after American retail titan Walmart signalled its intention to dispose of its stake in the Chinese ecommerce giant worth $3. 7bn.
URU upbeat as Zeb Nickel secures environmental authorisation
URU Metals announced on Wednesday that its associate company Zeb Nickel has secured an integrated environmental authorisation from the South African Department of Minerals and Petroleum Resources (DMPR) for the Zeb Nickel Project in Limpopo Province.
Costain unveils £10m buyback as first-half profits rise
Costain has announced a £10m share buyback programme as it reported higher profits for the first half on the back of improved margins and a better product mix.
UK borrowing higher than expected in July
Government borrowing was higher than expected in July, according to figures released on Wednesday by the Office for National Statistics.
London pre-open: Stocks seen up as investors mull borrowing data
London stocks were set to gain at the open on Wednesday as investors mulled the latest borrowing figures.
Mobico holds annual guidance, CMA warms to Barratt-Redrow combination
London open The FTSE 100 is expected to open three points higher on Wednesday, having closed down 1% on Tuesday at 8,273. 32.
Barratt-Redrow merger one step closer to regulatory approval
The competition authority has announced that the allowances made by Barratt Developments and Redrow in order to pave way for regulatory approval may just be enough to get the green light.
Wednesday newspaper round-up: Waitrose, McDonald's, Crown Agents
Waitrose is planning to open 100 convenience stores over the next five years as part of a £1bn-plus investment in new outlets and shop refurbishments. The upmarket grocery chain is planning to unveil a revamped outlet in Finchley Road, north London, on Wednesday. This will kick off a new phase of expansion with its first new store in six years in Hampton Hill, west London, by the end of this year. – Guardian.