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Europe midday: Shares lower on EZ data, UK GDP, US inflation fears
European shares were lower on Wednesday as investors digested data showing the UK economy contracted more than expected in July, a fall in eurozone industrial production and also awaited a key inflation reading from the US.
Redrow sees profit halving in 2024 as summer housing sales slump
UK housebuilder Redrow said it expected profits and revenue to halve next year as the housing market laboured amid higher borrowing and challenging conditions, with the company's weekly sales slumping over the summer.
Europe open: Weak UK GDP data hits sentiment as shares fall
European shares opened lower on Wednesday as investors digested news that the UK economy contracted more than expected in July and awaited a key inflation reading from the US.
Aviva sells stake in Singlife, debt instruments to Sumitomo for £0.8bn
UK insurer Aviva on Wednesday said it had agreed to sell its 25. 9% stake in Singapore Life Holdings (Singlife), together with two debt instruments, to Sumitomo Life for £800m in cash.
DiscoverIE buys Slovakia's 2J Antennas for £45m
International customised electronics designer and maker discoverIE Group said it had bought Slovakia-based 2J Antennas Group (2J), for €52. 5m (£45m) on a debt free, cash free basis.