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M&S shares surge as FY beats forecasts, sees 'modest' dividend
UK retailer Marks & Spencer delivered a forecast-busting annual profit driven by a major improvement in its food division and said it would reinstate a “modest” dividend in November.
4imprint slumps on warning order increases will slow after strong Q1
Promotional products marketer 4imprint Group said trading was in line with expectations, but warned rises in order activity would moderate over the rest of the year.
UK's Ofcom allows Openreach to cut prices
Britain’s telecoms regulator has allowed BT to cut wholesale prices at its Openreach networking arm, despite claims from competitors that it would give the company an unfair advantage.
Europe midday: UK CPI data fuels rate rise fears, shares slump
European shares slumped on Wednesday as US debt ceiling talks dragged on and UK inflation fell by less than expected, raising the prospect of yet another increase in British interest rates next month as soaring food prices led to a rise in the country's core CPI.
Europe open: Shares slump on US debt impasse; UK inflation data
European shares opened sharply lower on Wednesday as US debt ceiling talks dragged on and UK inflation fell by less than expected, raising the prospect of yet another increase in British interest rates next month.
Aviva Q1 premiums up, net inflows fall
UK insurer and investment firm Aviva reported a rise in general premiums although volatile markets resulted in a slowdown of cash inflows at its wealth division.
Severn Trent see strong current earnings as FY profits fall
UK water supplier Severn Trent guided for strong current year earnings, as it posted a fall in annual profits due to higher energy costs.
Intertek holds guidance on strong revenue growth
Testing company Intertek held annual guidance as revenues rose 11% in the first four months of the year.
Petershills holds guidance as Q1 AuM rises
Asset manager Petershill maintained annual guidance as it aggregate partner-firm assets under management rose 2% in the first quarter to $290bn, and 9% year-over-year.