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FTSE 250 movers: DiscoverIE sparks, Asos slips again
Niche electronics maker DiscoverIE Group reported a 70% rise in annual profits, driven by a strong order book.
Bank of Canada lifts rates to 4.75%
The Bank of Canada on Wednesday lifted its benchmark interest rate rate to 4. 75% as it battled to stem persistent inflation amid worries that it could get stuck above its 2% target.
Europe midday: Shares flat on poor China data, moderate OECD forecasts
European shares were flat at midday on Wednesday, after a slump in exports from China last month dented sentiment and the OECD predicted a slight rise in global economic growth this year.
OECD sees moderate GDP global growth; UK to avoid recession
The global economy is forecast to grow moderately this year as inflationary pressures ease, but a recovery was still some way off, the Organisation for Economic Co-operation and Development (OECD) said in its latest forecasts.
Cyber gang threatens Boots, BBC, BA after data hack - report
The cybercrime gang that hacked details of staff at Boots, the BBC, British Airways and other firms has warned the companies to email them before June 14 or stolen data will be published.
Europe open: Shares muted as China export data rattles investors
European shares were struggling for direction on Wednesday, after a slump in exports from China last month dented sentiment.
China exports slump in May
China’s exports fell last month in another indication that the rebound in the world’s second-largest economy was losing steam.
DiscoverIE annual profits up 70% on strong sales
Niche electronics maker DiscoverIE Group reported a 70% rise in annual profits, driven by a strong order book.