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Pershing Square acquires 7.1% stake in Universal Music Group
Billionaire Bill Ackman's Pershing Square Holdings has acquired 128. 55m ordinary shares in Universal Music Group from majority-owner Vivendi.
Quilter interim pre-tax profits grow as net client cashflows surge 127%
Wealth management firm Quilter said on Wednesday that interim pre-tax profits had grown thanks to net client cashflows more than doubling year-on-year.
Inspiration Healthcare on track to meet FY expectations
Medical technology supplier Inspiration Healthcare said on Wednesday that it has started the financial year "well" and that it remained on track to meet management expectations.
Broker tips: IAG, Hargreaves Lansdown, Flutter, Restore
Liberum upped its stance on British Airways and Iberia owner IAG to 'buy' from 'hold' on Wednesday as it argued that recent share price weakness offers an attractive entry point.
Asia report: Markets mixed, Evergrande firms soar in Hong Kong
Markets in Asia were in a mixed state on Wednesday, with shares in Chinese property developer China Evergrande and its affiliates in focus after it confirmed recent market chatter on possible divestments.
London close: Stocks finish green as US inflation sates investors
London stocks held onto their gains on Wednesday, underpinned by deal news, as investors digested the latest US inflation reading.
Europe midday: Shares in the green ahead of US CPI data
European shares hovered near record highs at midday on Wednesday as investors eyed US data later in the day.
Thursday preview: UK Q2 GDP, CCH in focus
Financial markets' focus on Thursday will be a on slew of activity readings for the British economy in June.
Europe close: Stocks move higher on steady US CPI print
European shares renewed their upwards push on the back of a roughly as expected reading on US consumer price inflation.
Fed's George backs start of tapering
A top US central bank official called for the Federal Reserve to start tapering its asset purchase programme.
Strix Group shares boil over as Liberum starts at 'buy'
Analysts at Liberum initiated coverage of Strix Group, the kettle safety control manufacturer at 'buy', flagging to clients what they believed was a "major" re-rating ahead.
Director dealings: Indivior director ups stake
Indivior revealed on Wednesday that non-executive director Mark Stejbach had acquired 36,000 ordinary shares in the FTSE 250-listed pharmaceuticals business.
Meggitt gets unsolicited takeover approach from TransDigm, shares surge
Meggitt shares surged on Wednesday after the defence and aerospace engineer said he it had received an unsolicited takeover approach from US aerospace manufacturer TransDigm at 900p per share in cash.
FTSE 250 movers: Meggitt surges on takeover approach; Quilter slumps
London’s FTSE 250 was 0. 7% firmer at 23,725. 30 in afternoon trade on Wednesday.
Quadrise pleased with latest engine testing of products
Alternative, ‘clean’ fuel technology company Quadrise updated the market on the testing of its ‘bioMSAR’ product on a medium speed four-stroke Wärtsilä diesel engine at the VTT facility in Finland on Wednesday, as well as the planned performance and emissions testing with Aquafuel.
FTSE 100 movers: Spirax-Sarco rallies on results; Phoenix falls
London’s FTSE 100 was up 0. 8% at 7,212. 86 in afternoon trade on Wednesday.
US open: Dow Jones extends winning streak following CPI report
Wall Street stocks were mixed early on Wednesday as market participants thumbed over key inflation data from the Department of Labor.
'Tapering' could still take a few months, Fed's Barkin says
A top US central bank official said that the Federal Reserve may need a few more months before it can reduce its monetary stimulus.
Phoenix Copper increases land holding at Navarre Creek
United States-focussed base and precious metals explorer and emerging producer Phoenix Copper announced an increase in its land holding at its Navarre Creek gold exploration project in Idaho on Wednesday, with 56 new claims having been staked on the northeast end of the existing claim block.
US CPI edges past forecasts in July
The cost of living in the US edged past forecasts last month as food and energy prices continued advancing at a rapid clip.
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