European shares ended on a mixed note following the release of softer than expected readings for services sector activity on either side of the Atlantic.
A closely followed gauge of services sector activity in the States slowed sharply last month.
Direct Line surged on Wednesday after a double upgrade to 'buy' from 'sell' at Citi, which said that its industry channel checks give it more confidence on 2023 motor earnings.
London markets closed with mixed results on Wednesday, as investors balanced positive news on the UK services sector against concerns over a potential US slowdown.
Next revealed on Wednesday that merchandise and operations director Richard Papp had disposed of 5,300 ordinary shares in the FTSE 100-listed clothing retailer.
Harbour Energy said on Wednesday that it plans to cut around 350 jobs, pinning the blame on the government’s energy windfall tax.
London’s FTSE 100 was 0. 3% firmer at 7,660. 12 in afternoon trade on Wednesday.
Wall Street stocks were in the red at the opening bell on Wednesday, with interest rate and energy price concerns remaining in focus as traders digested a number of data points.
Services sector activity in the States picked up last month as new order growth resumed and output grew at its fastest clip since the previous month of June, the results of a survey revealed.
FTSE 250: 18,602. 68, -1. 13% at 1335 GMT.
The UK government has suspended meetings with the Confederation of British Industry, after allegations of sexual misconduct by staff at the business lobby group.
Biopharmaceutical company Arecor Therapeutics announced the appointment of Dr Manjit Rahelu as its chief business officer on Wednesday.
Talks between union bosses and Royal Mail have ended without an agreement following 11 months of negotiations.
Analysts at Shore Capital Markets downgraded Franco Manca owner Fulham Shore from 'buy' to 'hold' on Wednesday after the group received an all-cash offer from Japanese conglomerate Toridoll.
Private sector hiring in the US slowed last month, the results of a survey revealed.
Vodafone’s Spanish business is reportedly attracting takeover interest from potential buyers.
Life sciences company Avacta Group announced that it had dosed the first patient in the fifth cohort of the first-in-human phase one trial of its innovative oncology drug ‘AVA6000’ on Wednesday.
Localisation and media service specialist Zoo Digital announced the acquisition of the remaining 49% stake in Zoo Korea on Wednesday, having acquired a majority 51% equity in March last year.
Serica Energy announced the results of independent estimates of oil and gas reserves for both the Serica and Tailwind groups of companies on Wednesday, as at 31 December.
Wall Street futures were in the red before the opening bell on Wednesday as interest rate and energy price concerns remained in focus ahead of the publication of multiple data points.
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