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Ryanair more than doubles FY loss forecast due to Omicron restrictions
Budget airline Ryanair more than doubled its full-year loss forecast on Wednesday and cut its traffic estimates, pinning the blame on restrictions imposed in response to the Omicron variant.
Europe close: Shares rally as food delivery companies gain
European shares ended the day firmly in the black on Wednesday after a lacklustre start, tracking gains on Wall Street, as food delivery stocks rallied.
London close: Stocks firmer after US, UK GDP readings
London stocks broke into positive territory by the close on Wednesday, after US GDP was revised upwards for the third quarter, and weaker-than-expected UK growth figures.
Broker tips: Boohoo, Rio Tinto
Liberum slashed its price target on fast-fashion retailer Boohoo on Thursday to 200. 0p from 360. 0p but reiterated its 'buy' rating, stating it was "keeping faith in the long-term story".
Director dealings: Conygar directors pick up shares as it completes property sale
A number of Conygar Investment Company directors and executives recently bought shares in the company, according to regulatory notices released on Wednesday.
Good Energy calls on government support as energy prices rise further
Renewable electricity supplier and energy services company Good Energy Group updated the market on its trading on Wednesday, reporting that its financial performance in November was in line with expectations.
D4T4 Solutions announces multi-year contract wins
Data technology company D4T4 Solutions announced multi-year contract wins on Wednesday, which it said would contribute “significant revenue” to current-year results, and increase its key annual recurring revenue metric.
FTSE 250 movers: Syncona surges; Hochschild loses its shine
London’s FTSE 250 was up 0. 9% at 23,035. 53 in afternoon trade on Wednesday.
US GDP increases 2.3% in Q3
US gross domestic product increased at a 2. 3% annualised rate in the third quarter, according to the Commerce Department, with the economy on track to record its best full-year performance since 1984 despite an increased level of Covid-19 infections throughout the period.
US existing home sales rise in November
Sales of US existing homes rose in November despite tight supply and rising prices, according to data released on Wednesday by the National Association of Realtors.
Oracle Power reports progress on Western Australia projects
Natural resources project developer Oracle Power updated the market on its gold exploration projects in Western Australia on Wednesday, reporting that at the Jundee East Gold Project, a slimline reverse circulation track-mounted drill rig had been secured, with mobilisation to site expected in late January or early February.
Conference Board's consumer confidence index increases in December
The Conference Board's latest consumer confidence report showed an increase in December following an upward revision for November, with the index jumping to 115. 8 to 111. 9.
US open: Stocks little changed following GDP reading
Wall Street stocks were little changed early on Wednesday as market participants digested third-quarter GDP figures and continued to monitor Covid-19 headlines in the lead-up to the Christmas break.
FTSE 100 movers: Travel stocks gain; Croda falls
London’s FTSE 100 was up 0. 2% at 7,308. 11 in afternoon trade on Wednesday.
Liberum slashes Boohoo price target but reiterates 'buy' rating
Liberum slashed its price target on fast-fashion retailer Boohoo on Thursday to 200p from 360p but reiterated its ‘buy’ rating and said it was "keeping faith in the long-term story".
Europa Oil upbeat on progress at West Firsby
UK, Ireland and Morocco-focussed exploration, development and production company Europa Oil & Gas updated the market on progress on the potential of West Firsby as a test site for sustainable geothermal energy systems on Wednesday.
Advance Energy updates market on plans for Buffalo-10 well
Advance Energy updated the market on the Buffalo project, offshore Timor-Leste on Wednesday, ahead of the drilling of the Buffalo-10 well.
Cordel wins six-and-a-half-year, £3.2m contract with Network Rail
Transport corridor analytics technology company Cordel Group has been awarded a six-and-a-half-year contract with Network Rail, it announced on Wednesday, to replace the UK's National Gauging Database (NGD) with a new Railway Gauging Data Solution (RGDS).
Lexington Gold makes progress with drilling at JKL Project
Carolinas-focussed exploration and development company Lexington Gold updated the market on its latest ongoing 5,000 metre reverse circulation drilling programme on Wednesday, reporting that 39 holes had been completed for a total of 3,275 metres drilled to date.
B90 Holdings acquires Spinbookie, raises £0.6m
Gaming marketing and operating company B90 Holdings has agreed with Entercreation to acquire certain assets, including the domain, business intellectual property, and 100% of the operations of online sportsbook and casino Spinbookie, it announced on Wednesday.
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