UK companies' investment and hiring intentions have fallen to a record low despite a slight pickup in economic confidence, an industry survey showed.
US stocks turned in a mixed performance on Wednesday following an update on the state of the nation's economy from the Federal Reserve.
Stocks finished slightly lower ahead of the US central bank's policy announcement scheduled for later in the day and after the Organisation for Economic Cooperation and Development issued a dire forecast for world growth in 2020.
Investors' focus on Thursday will shift back towards the US jobs market and in particular to any data points that confirm the surprise increase in payrolls seen in the figures for May.
Harworth Group revealed on Wednesday that chairman Alastair Lyons had acquired 95,000 ordinary shares in the London-listed land and property development company.
Money supply growth in the People's Republic of China picked up noticeably last month, leading some economists to push back on expectations for further interest rate cuts - at least for the moment.
London’s benchmark closed weaker on Wednesday, after the OECD warned the UK is likely to take the worst hit from the coronavirus pandemic among developed nations, and as investors awaited the latest policy announcement from the Federal Reserve.
Analysts at Berenberg upped their target price on brewer C&C Group from 182. 0p to 204. 0p on Wednesday but cautioned that the firm's "road to recovery" was not yet clear.
Lancashire's £277m capital raising demonstrates the company's growth potential and ability to capitalise on a hardening market, JP Morgan said as it reiterated its 'overweight' rating on the Lloyds's of London insurer.
Wall Street trading began on a mixed note on Wednesday ahead of an update on the state of the nation's economy from the Federal Reserve later in the day.
Just Eat Takeaway confirmed on Wednesday that it is in advanced talks with US-based Grubhub about a possible all-share merger.
London’s FTSE 250 was down 0. 8% at 17,615. 54 in afternoon trade on Wednesday, with Just Eat Takeaway pacing the decline.
Specialist pharmaceutical services company Ergomed said on Wednesday that it had a “good” first quarter, with “solid” overall growth in revenue.
Strategists at Bank of America pointed clients towards so-called 'value' stocks for the next few months, highlighting a slew of factors which, they said, should see them outperform as the US economy moves out of the deep recession phase and into a recovery.
London’s FTSE 100 was down 0. 2% at 6,323. 24 in afternoon trade on Wednesday after the OECD warned the UK will likely take the worst hit from the coronavirus pandemic among developed nations.
Africa-focussed oil and gas company Tower Resources reported a narrowed loss before tax in its preliminary results on Wednesday, of $2. 66m (£2. 09m), compared to $3. 82m in the prior year.
Database start-up Snowflake is eyeing a valuation of as high as $20bn in its initial public offering.
European equities offer better relative value than US stocks, and further "catch-up potential", Barclays said in an equity strategy note on Wednesday.
Authorities in the US are planning to fund and conduct studies into three experimental vaccines for the novel coronavirus, including that being developed by Oxford University's Jenner institute and AstraZeneca.
The maker of Claud Butler and Dawes bicycles is in a battle with its biggest shareholder over how much it pays non-executive directors.
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