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FTSE 250 movers: Cheer for M&B, Safestore falls on cautious outlook
FTSE 250 (MCX) 18,840. 23 -1. 84% .
Uniqlo sues Shein over shoulder bag copycat claim
Japanese fashion brand Uniqlo is suing Chinese online rival Shein over claims it is selling copies of its shoulder bag, which has become a huge hit on social media.
Ibstock closes second brick factory, but sees FY in line despite lower sales
Building products supplier Ibstock said it was permanently closing one of its brick factories and cut jobs amid falling demand as the housing market contracted, although it remained confident in its medium-term prospects, with fourth-quarter trading in line with expectations, .
Europe midday: Stocks fall as UK CPI, China data, central bankers dent hopes of early rate cuts
European shares posted sharp falls on Wednesday as policymakers continued to downplay prospects for early interest rate cuts, after UK inflation rose unexpectedly and weak data from China also hit sentiment.
Europe open: Shares slump as central bankers dampen hopes of early rate cuts
European shares posted sharp falls at the open on Wednesday as policymakers continued to downplay prospects for early interest rate cuts, after UK inflation rose unexpectedly and weak data from China also hit sentiment.
Wizz Air pays out £1.2m in compensation claims after regulator probe
Wizz Air has been forced to pay out £1. 2m to passengers whose claims for compensation were falsely rejected after flight delays in the chaotic summer of 2022.
FirstGroup signs £150m financing deal to buy electric bus bodies
FirstGroup has signed a new £150m green hire purchase financing facility with a syndicate of three banks to support the purchase of electric bus bodies.
China GDP just misses estimates, population falls again
China’s economy continued to struggle at the end of last year as it recorded another decline in population and fourth-quarter gross domestic product expanded at 5. 2%, just missing estimates of 5. 3%.
Antofagasta annual copper production rises 2%
Copper miner Antofagasta on Wednesday said annual production rose 2% to 660,600 sonnes, on higher output at its Los Pelambres operation in Chile, due to improved water availability from its desalination plant.