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Wednesday's most followed: Barclays, Wm Morrison, Tesco and Baobab Resources

Banking, mining and shopping were popular subjects for business web browsers on Wednesday.

UK High Street supermarket Morrison (LON:MRW) was among the top ten most active stocks on Wednesday.

Its shares gained 2.26% to put it second on the list of Footsie's gainers.

The share gain came on the back of news that its founding family is thinking of taking the store private, according to reports.

Bloomberg has reported that private equity firms were approached to gauge interest in the buyout, which would be valued at more than £7bn

Tesco (LON:TSCO) shares also gained 1.15% and Sainsbury's (LON:SBRY) added 0.34% as the buyout buzz gathered momentum.

Meanwhile, shares in underfire banking behemoth Barclays (LON:BARC) were among the top losers on Footsie in early deals as traders to mull the latest news outburst on the group. The firm was also the most active stock.

It is to cut between 10-12,000 jobs this year, including 7,000 in the UK and yesterday's results also showed bonuses paid to its investment bank staff rose 13% in 2013 despite a sharp fall in its contribution to profits.

Also gaining hits was of course macro economic news ahead of the BoE's latest inflation report.

Mark Carney, the governor, is poised to make changes to the central bank's forward guidance on when interest rates will be changed. It had been linked to fall in unemployment and a 7% threshold but thsi is now under review.

It comes after US Fed chief Janet Yellen made her first testimony on US policy in Congress.

Also active today was mining giant BHP Billiton (LON:BLT) and household goods giant Reckitt Benckiser, which today reported a slowdown in emerging markets and warned that sales would be slower than expected as it posted full year 2013 results.

Its story was similar to that of Diageo (LON:DGE), the Guinness and Smirnoff vodka maker, which also saw a weakening of demand from the world’s developing economies.

In the small caps, Baobab Resources (LON:BAO) said initial drill results indicated higher iron grades at the Tete pig iron and ferro-vanadium project in Mozambique and the potential for lower production costs.

Meanwhile, San Leon Energy (LON:SLE) and oil services group Baker Hughes has signed a letter of intent which could lead to the start of gas production from the Siekierki Gas Field in Poland.

It is envisaged that Baker Hughes will fund and carry out the work to the start of production from existing wells. In return it will get a share of future profits.