Analysts at Canaccord Genuity raised their target price on software and services firm Ideagen from 350. 0p to 365. 0p on Wednesday after the group bulked up its balance sheet via an equity raise earlier in the month.
The Federal Reserve announced that it would taper its asset purchase programme more quickly, as expected, likely paving the way for interest rate hikes in 2022.
All eyes on Thursday will be on the Bank of England with rate-setters expected to stay put on interest rates given the uncertainty around the impact that the Omicron variant of SARS-CoV-2 may have on the economy.
European shares finished mostly higher heading into the US central bank's rate decision scheduled for Wednesday evening.
London stocks closed in negative territory on Wednesday, ahead of another Omicron update from the Prime Minister as well as the latest decision from the US Fed, and after data showed that UK inflation surged in November to its highest level in more than a decade.
Future’s chief executive officer Zillah Byng-Thorne and her husband enjoyed a more-than-£7. 5m payday on Wednesday, selling more than 212,000 shares in the publisher in three transactions.
London’s FTSE 250 was down 0. 5% at 22,442. 03 in afternoon trade on Wednesday.
Deutsche Bank said on Wednesday that it now expects headline consumer price inflation to peak above 6% in April next year, marking the highest annual rate of inflation since the Bank of England's independence in 1997.
Americans consumed with a little less abandon than expected last month, spending less on automobiles and parts and on electronics.
Hummingbird Resources updated the market on the Yanfolila mine in Mali on Wednesday, following confirmation earlier in the month that it was back in operation, following “illegal roadblocks” and disruption to “public order” in the region in November.
Petrofac's former Head of Sales, David Lufkin, has been ordered to pay more than £140,000 after pleading guilty to 14 counts of bribery in order to influence the awarding of oil and gas contracts in Iraq, Saudi Arabia and the United Arab Emirates.
Wall Street stocks headed south at the open on Wednesday as traders prepped for the Federal Reserve's highly anticipated interest rate decision later in the day.
London’s FTSE 100 was down 0. 6% at 7,176. 18 in afternoon trade on Wednesday.
Life sciences company OptiBiotix Health has signed an exclusive supply agreement with pharmacy chain Nahdi Medical, it announced on Wednesday, for the sales of its ‘GoFigure’ and ‘SlimBiome Medical’ weight management products in Saudi Arabia.
The cost of goods purchased from overseas increased more quickly than expected during the previous month, chiefly as a result of dearer natural gas prices.
Africa-focussed exploration and development company Atlantic Lithium released initial infill drilling results from the Ewoyaa project in Ghana on Wednesday, where it recently announced an updated scoping study and increased JORC resource of 21. 3 million tonnes at 1. 31% lithium oxide, resulting in a “significant improvement” in the project’s economics and life-of-mine.
Manufacturing activity in the Federal Reserve Bank of New York's district picked up slightly at the end of the year, to the surprise of economists.
Australia-focussed gold exploration and development company ECR Minerals announced the granting of two gold exploration tenements in the state of Victoria on Wednesday.
The recovery at Zara-owner Inditex continued to gain momentum in the third quarter, the retail giant said on Wednesday, with both sales and income reaching fresh highs.
Analysts at Berenberg downgraded exploration and production outfit Harbour Energy from 'buy' to 'hold' on Wednesday, stating more clarity was needed on reserves.
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