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London midday: Stocks extend losses after wages data; miners weigh
London stocks fell to a six-week low by midday on Wednesday as data revealed that UK wages continued to lag inflation, with some signs of weakness in the employment market.
French core CPI inflation remains subdued in October
The cost of living in France increased last month, bolstered by higher fresh food prices, especially butter, amid slight signs of building price pressures, according to economists.
UK wages still under pressure as employment market falters
UK average wage growth has persisted in wallowing below inflation, official figures showed on Wednesday, while the employment market showed signs of faltering.
US pre-open: Stocks seen lower amid tax reform woes; data eyed
US futures pointed to a downbeat session on Wall Street on Wednesday ahead of a slew of data releases and amid concerns about the progress being made on tax.
Euro area trade surplus at widest on record in September
The single currency bloc's trade surplus in goods with the rest of the world jumped in September to its highest level on record as import demand fell off.
Asia report: Softer sentiment carried into Wednesday session
Softer sentiment continued in Asian markets on Wednesday, with most markets closing lower as energy stocks dropped on weaker oil prices.
Talk not cheap for TalkTalk as strong customer growth dents profits
TalkTalk Telecom drummed up an impressive number of new customers in the first half of the year but at the expense of profits, which fell into the red and will be towards the lower end of its guided range for the full year.
BP kicks off share buybacks
Oil giant BP said on Wednesday that it will begin a share buyback programme to repurchase up to 1. 96bn shares.
Motif Bio agrees $20m of new debt to launch antibiotic
Motif Bio, the clinical stage-biopharmaceutical company, has entered into an agreement with Hercules Capital, for up to $20m in debt financing, in preparation for the anticipated US launch of iclaprim, a potential novel antibiotic, in 2019.
Avon Rubber profits rise on increased orders
British manufacturer Avon Rubber saw it operating profits rise to £25. 8m in the year ending 30 September thanks to a 22. 2% year-on-year increase in its order book.
Wey Education to acquire complementary education business
London-based group Wey Education launched a share in issue on Wednesday as it aimed to raise £5m in order to fund the acquisition of complementary education business Target for as much as £2. 17m.
Energiser Investments sells 20 residential units in Northamptonshire for £2.8m
Energiser Investments has legally completed the sale of the 20 residential units at Wellingborough Northamptonshire at the agreed price of £2,800,000, following its announcement of 24 October 2017, it reported on Wednesday.
Inmarsat wins business for Emirates' in-flight broadband
Inmarsat said Emirates will use its broadband service on 150 aircraft ordered from Boeing to hook up passengers with the internet.
Utilitywise pushes back annual results due to additional review
AIM-listed independent utility cost management consultancy, Utilitywise, said on Wednesday that its results for the year to 31 July - which had been due on 21 November - have been pushed back as it carries out an additional review of its estimation methodology for expected consumption levels on live contracts.
PCE inflation should be allowed to run above 2%, Fed's Evans says
The US central bank should be willing to allow inflation to run moderately above its target and say so clearly, a top official said.
Fenner flies back into profit and eyes better 2018
Plastics manufacturer Fenner was pulled out of the red and bumped up its dividend 40% thanks to much strengthened order intake, which should mean the new year is better than the City was expecting.
Savannah Resources a step closer to full approval in Oman
Resource development company Savannah Resources announced the issuing of environmental operating permits for both the Mahab 4 and Maqail South mining licence applications in Oman by the Ministry of Environment and Climate Affairs on Wednesday.
Blue Prism expects EBITDA losses despite boasting 100% retention rate
Software company Blue Prism announced on Wednesday that the "strong sales momentum" seen in the first half of its trading year had continued into the second as it inked a total of 400 software deals, but noted it hadn't been enough to save it from an EBITDA loss.
Airbus clinches historic $50bn order
Airbus has clinched its largest ever order from Indigo Partners, the owner of four ultra low-cost carriers, at this year's Dubai Air Show, in what some commentators see as a vindication of that business model.
Government of Georgia extends natural gas transportation licence, Frontera Resources says
European-focused independent oil and gas exploration company Frontera Resources has announced today the extension of the company's natural gas transportation licence by the government of Georgia on 14 November 2017 until the same date in 2022.