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FTSE 250 movers: FDM gains on update; Lower crude price hits producers
FTSE 250 (MCX) 19,371. 09 0. 11% .
Universal threatens to pull songs from TikTok in row over payments
Universal Music is gearing up to pull millions of its songs from social media platform TikTok after a breakdown in talks over payments.
Europe midday: Shares cling to gains as investors eye Fed
European stocks opened slightly higher on Wednesday as markets looked ahead to more data from Germany and the latest in interest rate decision from the US Federal Reserve, while shares in H&M fell sharply after the shock departure of the company's chief executive.
Europe open: Shares edge higher ahead of German data, Fed; H&M slumps
European stocks opened slightly higher on Wednesday as markets looked ahead to more data from Germany and the latest in interest rate decision from the US Federal Reserve, while shares in H&M fell sharply after the shock departure of the company's chief executive.
H&M CEO in shock departure
H&M on Wednesday said its brand head Daniel Erver would be elevated to chief executive with immediate effect as the struggling Swedish fashion retailer looked for a way to boost sales.
China factory activity falls again in January
Factory activity contracted again in China during January for the fourth consecutive month as the world’s second-largest economy continued to struggle.
FDM Holdings sees flat 2023 revenues as placements plunge
Professional IT services provider FDM Group said it expected annual revenues to be flat, confirming the warning it issued in November about the hit from geopolitical uncertainties and clients deferring project decisions.