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FTSE 250 movers: FirstGroup surges; Crest Nicholson down on rate warning
Shares in house builder Crest Nicholson slumped on Thursday as the company warned that more interest rate rises would hit the property market, after it posted a slump in half-year profits.
Crest Nicholson shares slump after warning on interest rates
Shares in house builder Crest Nicholson slumped as the company warned that more interest rate rises would hit the property market, after it posted a slump in half-year profits.
UK govt rejects Royal Mail move to axe Saturday deliveries
The government has blocked Royal Mail’s plans to axe Saturday letter deliveries, it was revealed on Thursday, which could see the price of stamps increase even further.
Europe midday: Shares rally despite EZ dipping into recession; Evotec surges
European shares crept into positive territory at midday despite the eurozone dipping into a technical recession and investors keeping a watchful eye on rate moves after surprise increases from Australia and Canada this month.
Europe open: Shares lower as investors fret over rate moves
European shares opened lower on Thursday as investors continued to eye central banks for rate moves after surprise increases from Australia and Canada this month.
Capita sells software business for £33m
UK government contractor Capita said it has agreed to sell its five software businesses for an enterprise value of £33m, as the outsourcer tries to strengthen its balance sheet.
Wizz Air expects to post net profit this year
Budget airline Wizz Air said it expected to post a net profit this year after posting a net annual loss due to higher fuel prices and the war in Ukraine.