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Thursday preview: US jobs market in focus
Investors' focus on Thursday will shift back to the US labour market and the latest weekly jobless claims figures.
UK banks should use divi cash to write off customer debt - AJ Bell
British banks should use the £7. 5bn saved in scrapped dividends and bonuses to write off debt repayments for customers affected by the coronavirus, investment platform AJ Bell said on Wednesday.
Europe close: Stocks start Q2 off on weak note
Stocks on the Continent got off to a poor start for the second quarter with analysts pointing to the still impending peak in coronavirus cases in the States and poor economic data as the reasons for the weakness.
Berenberg slashes price target on Provident Financial
Analysts at Berenberg slashed their target price on British sub-prime lender Provident Financial from 470. 0p to 250. 0p on Wednesday, stating that the Covid-19 outbreak had dealt the group another setback.
Director dealings: Restaurant Group CFO ups stake
The Restaurant Group revealed on Wednesday that chief financial officer Kirk Davis had purchased 276,797 ordinary shares in the London-listed restaurant operator.
FTSE 250 movers: Aston Martin rockets after listing shares, Plus 500 adds to gains
Britain's second-tier index incurred hefty losses, retreating by 3. 87% to 14,516. 34.
London close: Stocks finish weaker as banks remain red
London stocks remained in the red by the close on Wednesday, after the release of weak UK manufacturing figures, and with banking plays under pressure as they were pressed to cancel their dividends to help weather the coronavirus pandemic.
O2 cuts ties with Carphone Warehouse
UK mobile network O2 said it had ended its partnership with Carphone Warehouse after it failed to agree to a new deal with the retailer.
Broker tips: Provident Financial, InterContinental Hotels
Analysts at Berenberg slashed their target price on British sub-prime lender Provident Financial from 470p to 250p on Wednesday, stating that the Covid-19 outbreak had dealt the group another setback.
Aerospace firms lobby govt for Virgin Atlantic bailout
Aerospace companies and the UK's biggest airport are reportedly lobbying the government to bail out struggling airline Virgin Atlantic.
IMF says global leaders should enact 'wartime' policy response
The International Monetary Fund said that global policymakers should enact “wartime” measures to fight the coronavirus crisis.
FTSE 100 movers: Analysts cut target for Rolls Royce, buyers seek out Ocado
London's FTSE 100 was down 3. 16% to 5,493 as of 1601 GMT, mimicking falls across the Continent and over on the other side of the Pond.
Breedon Group temporarily shutters most Ireland operations
Breedon Group announced on Wednesday that it had temporarily suspended production at its sites in the Republic of Ireland, following new government restrictions amid the Covid-19 coronavirus pandemic.
SSP secures access, makes drawdown under Covid finance facility
SSP Group updated the market on the Covid Corporate Financing Facility on Wednesday, confirming that it had secured access and drawn down funding.
US open: Stocks turn red as Trump warns of 'very painful' few weeks
US stocks opened lower on Wednesday, continuing on from the losses recorded at the end of the Dow's worst first quarter in history.
US manufacturing slumps as Covid-19 shuts factories
US output slumped at its fastest pace since the height of the financial crisis in March, data published on Wednesday showed.
US ISM manufacturing PMI edges lower in March, but details very weak
A key gauge of US manufacturing sector conditions for March printed ahead of forecasts but sentiment around the near-term growth prospects for the economy were described as "strongly negative".
Argentex FY revenues grow
Foreign exchange provider Argentex posted improved full-year revenues on Wednesday, driven by strong client demand despite during recent volatility.
EU proposes wage support programme backed by all member states
The European Commission proposed a wage support programme for the bloc that would be guaranteed by all member states.
Botswana Diamonds gets six new licences as country locks down
Botswana Diamonds announced on Wednesday that the Botswana government has awarded six new prospecting licences, being PL 017-18 of 2020 and PL 066-069 of 2020, to its wholly-owned subsidiary Sunland Minerals.
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