Market Report
£35bn of crisis debt threatens 3m jobs, City report says
As many as 3m British jobs and 780,000 businesses are at risk unless support is provided for borrowers of £35bn of unsustainable debt built up during the Covid-19 crisis, the UK's financial industry warned.
US close: Stocks close higher amid optimism around potential vaccine
US stocks closed higher on Wednesday following positive results from early trials of a coronavirus vaccine and more quarterly earnings reports.
Europe close: Travel and leisure shares rally on positive vaccine updates
Stocks in Europe continued to grind higher and towards, nearing key levels of technical resistance after a report that positive news from Oxford University's Covid-19 vaccine trial was imminent.
London close: Stocks finish higher on Oxford vaccine hopes
London stocks closed well above the waterline on Wednesday, with sentiment boosted by hopes of a coronavirus vaccine.
Director dealings: Motorpoint director makes share purchase
Motorpoint revealed on Wednesday that non-executive director Keith Mansfield had acquired 20,576 ordinary shares in the London-listed automotive retailer.
Broker tips: DFS Furniture, Ferrexpo
Analysts at Berenberg hiked their target price on retailer DFS Furniture from 175. 0pto 210. 0p after hosting a fireside chat with chief executive Tim Stacey and chief financial officer Mike Schmidt.
China Nonferrous Gold agrees loan extensions
Tajikistan-focussed mineral exploration and mining company China Nonferrous Gold has extended the repayment period for loans in place with CNMC Trade Company, it announced on Wednesday, totalling $146. 5m (£115. 94m).
Grafenia launches perpetual bond facility, issues £3m
Grafenia announced on Wednesday that it has put in place a facility to issue up to £50m of perpetual bonds, and issued £3m of the bonds to investors, raising about £2. 01m before expenses.
Cambridge Cognition joins Covid healthcare worker investigation
Cambridge Cognition is collaborating with 4YouandMe and the Center for International Emergency Medical Services (CIEMS), it announced on Wednesday, to investigate the use of wearables and mobile phones to measure stress recovery in front line healthcare workers caring for Covid-19 positive patients in the United States.
Thursday preview: Oxford University, Vistry Group in focus
Investors will be holding on the edge of their seats throughout Thursday ahead of the possible release of preliminary trial data into Oxford University's Covid-19 vaccine candidate in the The Lancet.
FTSE 250 movers: Hochschild shines; Dixons Carphone slumps
London’s FTSE 250 was up 1. 4% at 17,406. 84 in afternoon trade on Wednesday.
US open: Stocks trade higher following earnings, vaccine news
US stocks opened sharply higher on Wednesday following positive results from early trials of a coronavirus vaccine and more quarterly earnings reports.
US pre-open: Futures surge on vaccine hopes
Wall Street futures were sharply higher ahead of the bell on Wednesday following positive results from early trials of a coronavirus vaccine.
FTSE 100 movers: Travel stocks rally on vaccine hopes; Burberry slides
London’s FTSE 100 was up 1. 7% at 6,281. 74 in afternoon trade on Wednesday.
Allergy Therapeutics revenues grow despite Covid-19 disruption
Biotechnology company Allergy Therapeutics reported a "strong" full-year performance on Wednesday despite challenges stemming from the Covid-19 pandemic.
US industrial production extends recovery in June, factories lead
Industrial production in the US bounced back last month, led by sharp gains in manufacturing.
Berenberg raises target price on DFS Furniture
Analysts at Berenberg hiked their target price on retailer DFS Furniture from 175. 0pto 210. 0p after hosting a fireside chat with chief executive Tim Stacey and chief financial officer Mike Schmidt.
Mission Marketing adapts 'well' to Covid-19 impacts
Media company Mission Group said on Wednesday that while the Covid-19 pandemic had led to a "material impact" on demand, it had "adapted well" to the reality of the outbreak and its effect on trading.
Europe midday: Travel and leisure issues rally on hopes of vaccine breakthrough
Stocks in Europe appear to be attempting a breakout to multi-month highs amid reports that positive news around Oxford University's Covid-19 vaccine candidate was imminent.
Kodal secures another $1.5m funding for development projects
Lithium-focussed exploration and development company Kodal Minerals has secured sufficient funding resources to accelerate the next phases of its development projects, and to evaluate new opportunities, via a $1. 5m (£1. 19m) unsecured convertible loan agreement with Riverfort Global Opportunities and YA II.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.