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Direct Line to axe 550 jobs amid tough motor market
UK insurer Direct Line said it planned to axe 550 jobs as part of a turnaround plan as its motor insurance arm continue to struggle amid tough trading conditions.
Europe close: Shares pare losses as tech stocks weigh; Tate & Lyle surges
European shares closed lower on Wednesday with luxury and tech stocks under pressure while investors also digested the latest UK inflation data showing a fall below 2% for the first time in three years, raising hopes of a rate cut from the Bank of England.
Tate & Lyle shares soar on report Advent prepping takeover
Shares in food ingredients group Tate & Lyle surged by more than 10% on Wednesday on a report that US private equity group Advent was preparing a bid for the company.
Marshalls shares surge as sales growth contraction eases in Q3
Shares in Marshalls surged as the landscaping and building materials supplier held annual guidance and indicated that the contraction on sales growth had eased in the third quarter amid a weak economic backdrop.
Europe midday: Shares down with luxury, tech stocks under pressure
European shares were lower on Wednesday with luxury and tech stocks under pressure while investors also digested the latest UK inflation data showing a fall below 2% for the first time in three years.
Whitbread shares rise as divi lifted, buyback extended
Shares in Premier Inn owner Whitbread on Wednesday jumped as the hotel and restaurant owner lifted its half-year dividend and said it would buy back an additional £100m in shares, despite a fall in earnings.
Europe open: Shares follow US, Asia lower; weak LVMH sales hit luxury sector
European shares were lower at the open on Wednesday after a mixed session on Asian markets and declines on Wall Street, while investors also digested the latest UK inflation data showing a fall below 2% for the first time in three years.
Europe open: Shares up on strong Wall St; Crude prices fall sharply
European shares opened higher on Tuesday after another record close on Wall Street, while crude oil prices were down sharply after a report claimed Israel would strike at Iranian military installations not energy targets.
Wise posts rise in Q2 income as customer numbers soar
Fintech money transfer platform Wise on Tuesday reported a 17% jump in second-quarter income after a strong rise in customer numbers.
UK wage growth falls as employers cut payrolls, raising rate cut hopes
UK earnings growth fell to its lowest level for more than two years, in another sign that the jobs market was weakening as businesses cut the number of workers on payrolls, according to data published on Tuesday, raising the expectations of a rate cut from the Bank of England next month.
Bellway profits slump but sees brighter outlook as reservations rise
UK housebuilder Bellway on Tuesday reported a slump in annual profits, reflecting weaker demand due to higher mortgage rates, but said its forward order book had increased as economic conditions eased.
Mulberry considering position as Challice rejects new Frasers offer
Luxury handbag maker Mulberry on Monday said it was considering its position after major shareholder Challice said it had no intention of selling its 56% stake to Mike Ashley’s Frasers Group despite an increased £111m bid for the company.
Europe open: Stoxx up, UK gambling shares slump on tax threat
European shares edged ahead at the open on Monday after much hoped for detail on China stimulus measures failed to materialise on the weekend and UK gambling stocks slumped on a report the new Labour government was about to hit their hefty profits with a windfall tax.
Europe midday: Shares slip into the red as UK betting stocks tank
European shares slipped into the red on Monday after much hoped for detail on China stimulus measures failed to materialise over the weekend and UK gambling stocks slumped on a report the new Labour government was about to hit their hefty profits with a windfall tax.
LondonMetric adds £8.5m rent in year to date
LondonMetric Property said it had settled a number of deals that have added £8. 5m in annual rent in the financial year to date.
FTSE 250 movers: Jupiter Fund Management slides on lower AUM
FTSE 250 (MCX) 20,721. 44 0. 06% .
BP warns weak refining margins to hit Q3 profit
BP followed sector rival Shell and warned profits would fall by as much as $600m on the back of declining refining margins and oil trading driven by the global slowdown for fuel products and weaker crude prices.