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FTSE 250 movers: Close Bros surges on Berenberg note; Trustpilot slides
FTSE 250 (MCX) 19,494. 45 0. 32% .
Boeing sees bigger Q1 cash burn as 737 output cut
Troubled US plane maker Boeing on Wednesday said it would burn more cash in the first quarter than expected as it slowed production of its 737 passenger model after a panel blew off an Alaska Airlines flight in January.
Europe midday: Shares flat ahead of Fed as Kering, Pru slide
European shares were flat on Wednesday as investors awaited the outcome of the Federal Reserve's policy meeting , while shares in luxury goods were down on a sales warning from Gucci owner Kering and UK insurer Prudential tanked on worries over its exposure to China.
Europe open: Down on Fed, while Kering warning hits luxury shares
European shares fell slightly at the open on Wednesday as investors awaited the outcome of the Federal Reserve's policy meeting for more clues when the central bank might cut US rates later this year, while shares in luxury goods were down on a sales warning from Gucci owner Kering.
German producer prices fall 4.1% in February
German producer prices in February fell a further-than-expected 4. 1% on an annualised basis, the federal statistics office said on Wednesday.
China banks hold lending rates
Chinese banks held benchmark lending rates after the country’s central bank last week to keep monetary policy unchanged.
Johnson Matthey sells medical parts unit for $700m
Johnson Matthey is selling its medical device components business to Montagu Private Equity for $700m (£550m), the company said on Wednesday.