London’s stock markets finished with a positive performance on Wednesday, with the FTSE 100 and FTSE 250 both closing in the green.
European closed higher on Wednesday as investors started to bet on interest rate cuts and shrugged off an unexpected slump in German factory orders, while Merck shares tanked after a multiple-sclerosis drug failed in late-stage trials.
Stocks moved higher as government bond yields resumed their downward move on the back of a weaker-than-expected print on a closely-watched survey of the U. S. jobs market.
RBC Capital Markets initiated coverage of private equity firm 3i Group on Wednesday with an 'outperform' rating and 2,550. 0p price target.
Johnson Matthey revealed on Wednesday that chief executive Liam Condon had acquired 15,000 ordinary shares in the FTSE 250-listed speciality chemicals firm.
Travel giant Tui said it would ask shareholders to approve a move of its stock market listing to Frankfurt from London as it also forecast a 25% rise in operating profit this year after 2023 earnings more than doubled on the back of strong demand.
London’s FTSE 100 was up 0. 5% at 7,528. 96 in afternoon trade on Wednesday.
Wall Street stocks were in the green early on Wednesday as the blue-chip Dow Jones tried to recover from two straight losing sessions.
FTSE 250: 18,657. 10, +0. 92% .
Geospatial software specialist IQGeo announced on Wednesday that a significant tier-one multi-service utility in the United States had chosen its software to enhance field workflows within its electric and gas operations.
Power Metal Resources updated the market on its Molopo Farms Complex Project in southwestern Botswana on Wednesday, where it was aiming to make significant discoveries of nickel and platinum group elements (PGE) on a district scale.
Shares in Paragon Banking surged on Wednesday after the company delivered a 25% jump in annual profits and announced another £50m share buyback following a stronger-than-expected full-year performance.
Alternative fuels developer Quadrise announced the successful completion of its bioMSAR fuel testing in November on Wednesday.
The G7 group of wealthy nations has agreed to ban imports of Russian diamonds, it was reported on Wednesday.
Asset manager Pollen Street said on Wednesday that assets under management continued to grow in the three months ended 30 September.
The Bank of England warned on Wednesday that the risk environment remained "challenging", with both businesses and households yet to feel the full impact of higher interest rates.
Private sector employment in the US rose less than expected in November, according to figures released on Wednesday by ADP.
Wall Street futures were in the green ahead of the bell on Wednesday as the blue-chip Dow Jones tries to recover from two straight losing sessions.
Coventry Building Society, one of Britain’s largest building societies, is looking at a takeover of the Co-operative Bank, it was reported on Wednesday.
In-content advertising technology company Mirriad announced significant supply-side momentum in the US and Latin America in an update on Wednesday.
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