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Umuthi Healthcare to pursue UK IPO
Umuthi Healthcare disclosed plans to purse an initial public offering in the UK and a standard listing on the London Stock Exchange's main market.
Electric carmaker Xpeng improves pricing for expanded US IPO
Chinese electric vehicle maker Xpeng could raise approximately $1. 5bn from its US initial public offering after raising the price of its shares to $15.
UK pension savers lose £31m to scammers since 2017
UK pension savers have lost £31m to scams since 2017, said the latest report from the Financial Conduct Authority and The Pensions Regulator on Wednesday.
Thursday preview: Fed's Powell, Rolls Royce in the spotlight
The market spotlight on Thursday will be on the US central bank and the start of its annual gathering of central banking experts from around the world at Jackson Hole, Wyoming, .
Europe close: Stocks back at multi-month highs led by technology sector
Stocks in Europe clocked in with sharp gains, finishing the day at their session highs and in the case of some benchmarks at their best levels in several months.
London close: Stocks gain on US data, Covid-19 vaccine news
London stocks edged higher on Wednesday boosted by positive headlines around US-China trade and the US economy.
Moderna says Covid-19 vaccine also generates antibodies among elderly
Moderna shares found a bid in the middle of the week after the biotechnology outfit announced that its experimental Covid-19 vaccine did generate antibodies against the disease in elderly patients.
Broker tips: Shell, Cranswick, WH Smith, Travis Perkins
Barclays downgraded Shell to ‘underweight’ from ‘equal-weight’ on Wednesday, saying that while the company has the potential to deliver significant fresh cash flow in the long term, it screens as expensive relative to its near-term industrial performance.
Director dealings: Volex chairman ups stake
Volex revealed on Wednesday that chairman Nathaniel Rothschild had acquired 500,000 ordinary shares in the AIM-listed electrical cable maker.
Gatwick Airport to cut up to 600 jobs
London's Gatwick Airport announced plans for a significant restructure aimed at further reducing operating and staff costs in the wake of the Covid-19 pandemic and its impact on passenger and air traffic numbers.
American Airlines to axe 19,000 jobs when Covid wage scheme ends
American Airlines said it would cut 19,000 jobs in October when a US government coronavirus wage support scheme extended to the industry ends.
US open: Mixed start to trading ahead of Fed symposium
Wall Street stocks were somewhat mixed at the bell on Wednesday as investors looked ahead to this week's Federal Reserve symposium in Jackson Hole.
Davos delayed until summer 2021 because of Covid-19
The annual gathering of the world's political and financial elite at Davos has been postponed until summer 2021 because of Covid-19.
Trump ban on WeChat could harm some US businesses
US President Donald Trump’s executive order banning messaging app WeChat could result in a hit to the revenues of companies in China subject to US jurisdiction.
The Hut Group planning biggest UK IPO of 2020
The Hut Group's boss may be in line to receive one of the biggest payouts in British corporate history from the company's upcoming initial public offering.
FTSE 250 movers: Provident Financial surges; Signature hit by downgrade
London’s FTSE 250 was up 0. 6% at 17,687. 58 in afternoon trade on Wednesday.
CMA gives Breedon 5 days to address concerns over Cemex deal
The Competition and Markets Authority has given Breedon five working days to put forward some remedies after it found that the construction materials group’s £178m acquisition of Cemex raises competition concerns.
FTSE 100 movers: Aveva rallies again; Rolls-Royce falls ahead of results
London’s FTSE 100 was up 0. 2% at 6,047. 55 in afternoon trade on Wednesday.
UK Supreme Court dismisses Huawei and ZTE appeals
The United Kingdom’s Supreme Court on Wednesday dismissed appeals by China’s Huawei and ZTE in patent disputes.
US durable goods orders soar on demand for motor vehicles
Orders for goods made to last more than three years nearly doubled economists' forecasts for last month, led by a sharp jump in those for motor vehicles and parts.
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