European shares pushed further ahead on Wednesday as investors digested slightly weaker-than-expected US inflation data for March that led many economists to say that the Federal Reserve would likely push ahead with another 25 basis point interest rate hike at its next meeting.
Property stocks paced gains on the stock market on Wednesday after Great Portland Estates said that it had delivered "a record leasing year".
Analysts at Citi reiterated their 'buy' recommendation for shares of WPP on Wednesday, citing easier comparables as they deemed the stock's valuation "overly cheap".
London markets closed in the green on Wednesday, after fresh data from across the pond showed consumer inflation in the United States falling back more than expected in March.
Real estate agency Purplebricks said on Wednesday that its formal sales process had progressed into "a more targeted phase of detailed diligence and discussions".
Clothing retailer Unbound Group has pulled its support of WoolOver Group's takeover offer after receiving what it sees as a superior offer from Marwyn Investment.
FTSE 250: 19,023. 25, +67. 20 at 1436 GMT.
The Bank of Canada left interest rates unchanged at 4. 50% on Wednesday, as expected, and upgraded its growth forecast for this year.
London’s FTSE 100 was 0. 6% firmer at 7,834. 99 in afternoon trade on Wednesday.
Investors' attention on Thursday would continue to be trained on US inflation trends.
Wall Street stocks were higher early on Wednesday as investors digested some hotly anticipated inflation data.
The cost of living in the US fell back by more than expected during the previous month.
UK home sales in March have rebounded close to pre-Covid pandemic levels, driven by demand for flats and a recovery from the market slump last September caused by the disastrous mini-budget of former prime minister Liz Truss, according to real estate agent Rightmove.
Specialist fluid power product and service supplier Flowtech Fluidpower reported 2022 revenue of £114. 8m in its preliminary results on Wednesday, which was up 5. 2% year-on-year.
Crimson Tide reported a solid financial and operational performance in its unaudited preliminary results for 2022 on Wednesday.
United States-focussed base and precious metals explorer and emerging producer Phoenix Copper released assay results from the Red Star exploration drilling at the Empire Mine in Custer County, Idaho on Wednesday.
Banknote printer De La Rue warned on profits on Wednesday and said it has begun talks with its lenders as demand for banknotes has fallen to its lowest level in more than 20 years.
Emerson has agreed to buy National Instruments in an $8. 2bn deal.
Mining company Vast Resources updated the market on its Baita Plai Polymetallic Mine on Wednesday, as well as the Takob mine in Tajikistan, and the settlement of a historic claim in Zimbabwe.
Drug discovery and development company ImmuPharma announced positive progress in its late-stage P140 clinical programme on Tuesday, for patients with chronic idiopathic demyelinating polyneuropathy (CIDP), a rare neurological disease with high medical need.
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