Market Pulse
Broker tips: IAG, Greatland Gold
BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove said it was the "most compelling" overweight in the airline sector and added the stock to its Analyst Focus List and put it on "positive catalyst watch".
London close: Stocks mixed amid global political concerns
London’s financial markets ended Wednesday in a mixed state, as investors weighed the upcoming no-confidence vote in France and political tensions in South Korea.
Director dealings: Argentex chairman raises stake
Argentex revealed on Wednesday that chairman Nigel Railton had acquired 693,000 ordinary shares in the AIM-listed currency management and payment solutions provider.
ISM services PMI declines in November
The Institute for Supply Management's November services PMI declined to 52. 1 in November, down from 56 in October and well and truly short of expectations for a reading of 55. 5.
FTSE 100 movers: Legal & General, IAG in the black
London’s FTSE 100 was down 0. 2% at 8,340. 12 in afternoon trade on Wednesday.
US open: Dow reverses Tuesday's losses, S&P 500 continues record-setting advance
Major indices were in the green on Wednesday as the S&P 500 continued to build up another record close.
N4 Pharma files for new UK patent
N4 Pharma, a pharmaceutical company specializing in RNA therapeutics, announced the filing of a new patent with the UK patent office on Wednesday, for its oral anti-inflammatory treatment targeting irritable bowel disease (IBD).
Concurrent Technologies unveils new 10Gb ethernet switch product
Advanced computing systems designer and manufacturer Concurrent Technologies unveiled ‘Hermod II’, a rugged 10 gigabit ethernet switch engineered for harsh environments in the defence and heavy industrial sectors, on Wednesday.
Kefi awarded Konso Critical Metals licence in Ethiopia
Kefi Gold and Copper announced on Wednesday that it has been awarded the Konso Critical Metals Area exploration licence in Ethiopia by the Ministry of Mines.
US private sector adds fewer jobs than expected in November - ADP
Private sector employment in the US rose less than expected in November, according to figures released on Wednesday by ADP.
GM takes $5bn loss on Chinese business
US automotive giant General Motors' Chinese business has taken a $5. 0bn charge amid an ongoing slowdown in what was once its largest market.
Eli Lilly weight-loss drug Zepbound beats Wegovy in trial
Eli Lilly said on Wednesday that a clinical trial had shown that patients taking its weight-loss drug Zepbound (tirzepatide) lost 47% more weight than those taking Novo Nordisk’s Wegovy (semaglutide).
US weekly mortgage applications rise 2.8pc
US mortgage applications rose 2. 8% in the week ended 29 November, according to the Mortgage Bankers Association.
Croma Security reports solid momentum in new financial year
Croma Security Solutions said in an update on Wednesday that it has achieved 6. 3% like-for-like growth and maintained a robust balance sheet, with no debt and £4. 1m in cash as of 30 November.
GreenRoc inks deal with Norwegian battery maker Morrow
GreenRoc Strategic Materials announced the signing of a memorandum of understanding (MoU) with Norwegian battery manufacturer Morrow Batteries on Wednesday, marking a significant step in its development of graphite-based active anode material (AAM) for lithium-ion batteries.
Eco Buildings Group turns over first million euros ahead of schedule
Modular housing specialist Eco Buildings Group announced on Wednesday that it surpassed €1m in revenue as of 2 December, achieving the milestone ahead of schedule.
US pre-open: Futures mixed following S&P 500's record close
Wall Street futures were mixed ahead of the bell on Wednesday after the S&P 500 notched up another fresh record close.
London midday: FTSE down after services PMI, ahead of French no-confidence vote
London stocks were still in the red by midday on Wednesday ahead of a no-confidence vote in France and as investors mulled the latest developments in South Korea and uninspiring UK services data.
Vodafone sells remaining 3% stake in Indus Towers
Vodafone said on Wednesday that it was selling its remaining 3% stake in India’s Indus Towers.
SWR, c2c and Greater Anglia to be Labour's first renationalised train firms
The government has announced plans to bring train operators South Western Railway (SWR), c2c and Greater Anglia under public ownership next year, as the first parts of its sweeping nationalisation of the UK rail network.