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Europe close¨: Healthcare issues and Basic Resource stocks pace gains
Stocks on the Continent rose for a second day, helped by news of a sweep in southern US states by moderate Democratic candidate Joe Biden in the 'Super Tuesday' primaries, reviving his bid to lead the party in the presidential elections in November.
Thursday preview: Coronavirus response, Aviva in focus
The focus on Thursday will be on governments' responses to the coronavirus outbreak, with the US Congress having announced an emergency spending bill worth $8bn for coronavirus prevention and authorities in both the UK and euro area both hinting heavily at measures to reduce corporate credit risk.
Intu Properties tumbles as it cancels equity raise
Shopping centre owner Intu Properties said on Wednesday that it was unable to proceed with an equity raising due to uncertainty in stock markets.
London close: Dividend stocks and defensive issues pace gains
London stocks extended their gains on Wednesday, taking their cue from Wall Street, where sentiment appeared to steady a tad after Democratic party presidential candidate Joe Biden scored multiple wins in party primaries in the South, beating rival Bernie Sanders and reviving his campaign which just a couple of days before had appeared to be doomed.
FTSE 250 movers: Genus jumps, Restaurant Group slumps
Genus shares hit a fresh record high on the back of an update from sausage skin manufacturer Devro which reported that its factory in Nantong, China, had returned to normal production.
Global passenger demand growth slows as coronavirus hits airlines
The International Air Transport Association said on Wednesday that global passenger traffic data for January 2020 showed that demand had climbed just 2. 4% year-on-year - the slowest pace recorded in almost a decade.
European supermarkets depleted after coronavirus concerns lead to hoarding
European supermarkets are following in Asian steps and are suffering severe depletion of goods as stockpiling over coronavirus fears hits the continent.
Director dealings: Hummingbird Resources CEO ups stake
Hummingbird Resources revealed on Wednesday that chief executive Daniel Betts had purchased 100,000 ordinary shares in the AIM-listed gold mining firm.
Broker tips: Travis Perkins, Provident Financial, Reckitt Benckiser
Analysts at Canaccord Genuity slightly lowered their target price on shares of builders' merchant and home improvement retailer Travis Perkins from 1,720. 0p to 1,700. 0p on Wednesday but stated that a "simpler and more coherent future" still awaited the group.
ICO fines Cathay Pacific £500,000 over customer data exposure
The Information Commissioner’s Office fined airline Cathay Pacific Airways £500,000 for failing to protect customers' personal data.
Facebook gives WHO free ads to combat coronavirus
Facebook will provide free ad space on its platform for the World Health Organization to promote ways to prevent the spread of the coronavirus and ensure users are not misinformed about the disease.
Bank of Canada slashes rates amid coronavirus fears
The Bank of Canada cut interest rates on Wednesday, hot on the heels of an emergency rate cut by the US Federal Reserve a day earlier.
FTSE 100 movers: Supermarkets surge on stockpiling; IAG flies lower
London’s FTSE 100 was up 1% at 6,785. 68 in afternoon trade on Wednesday.
US open: Stocks record solid gains at the bell as investors shrug off IMF warning
US stocks opened sharply higher on Wednesday as investors shrugged off a warning from the IMF and chose to focus on news that early results from Super Tuesday voting had former Vice President Joe Biden picking up some key wins and cementing his place as one of the top candidates in the Democratic pool.
Italian government closes down schools and universities until mid-March
Italy's government decided to close all of the country’s schools and universities from 5 March until mid-month due to the coronavirus, state-owned ANSA reported.
Xpediator subsidiary signs 20-year lease at Southampton port
Freight management service provider Xpediator announced on Wednesday that its subsidiary, Southampton-based port-centric logistics company Import Services, has signed a 20-year lease with Associated British Ports for a new 200,000 square foot distribution centre at Southampton's container port.
New orders in US non-manufacturing jump in February, ISM says
A key gauge of activity in America's services sector snapped higher last month, led by rapid climb in new orders and backlogs.
Europe midday: Shares gain even as Italy announces closure of all schools
Stocks on the Continent were rising again, helped by news of a sweep in southern US states by moderate Democratic candidate Joe Biden in the 'Super Tuesday' primaries, reviving his bid to lead the party in the presidential elections in November.
PowerHouse Energy confirms granting of planning permission in Cheshire
Waste-to-hydrogen technology company PowerHouse Energy announced on Wednesday that planning permission has been granted to Peel Environmental and Waste2Tricity, for the ‘DMG’ facility at Protos Energy Park in Cheshire.
FlyBe £100m bailout set to be 'rejected' - reports
Flybe is facing potential collapse after its request for a £100. 0m taxpayer loan looked set to be rejected.
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