Full List Of Stories
Manchester United cuts profit outlook after early exit from Champions League
Manchester United cut its full-year profit guidance on Wednesday as it pointed to its early exit from the Champions League and associated drop in broadcasting revenues.
Grafton appoints Ian Tyler as next chairman
Grafton said on Wednesday that it has appointed Ian Tyler as its next chairman, with effect from 1 March.
FTSE 100 movers: IMI rallies on Goldman upgrade; housebuilders fall
London’s FTSE 100 was down 1. 9% at 7,416. 25 in afternoon trade on Wednesday.
Citi downgrades Drax to 'sell'
Citi downgraded Drax to ‘sell’ on Wednesday as it argued the shares have re-rated "unjustifiably" on the hope of further government support - a view the bank does not share before the general election.
BofA Merrill Lynch lifts Smith & Nephew price target
Bank of America Merrill Lynch upped its price target on Smith & Nephew on Wednesday to 1,320p from 1,180p.
London midday: Stocks extend losses after UK inflation data
London stocks had extended losses by midday on Wednesday as a surprise jump in UK inflation dampened rate cut hopes, while sluggish Chinese GDP also weighed on sentiment.
Goldman Sachs upgrades IMI to ‘buy’
Goldman Sachs upgraded shares of engineer IMI on Wednesday to ‘buy’ from neutral’ and lifted the price target to 2,020p from 1,780p, saying it sees around 30% upside versus 17% for the sector.
UK inflation unexpectedly ticks up in December
UK inflation unexpectedly edged higher in the year to December, driven by a rise in alcohol and tobacco prices, and tempering rate cut expectations.
GSK raises £978m through Haleon share sale
GSK said on Wednesday that it has raised around £978m from the sale of shares in Haleon.
Mulberry sales fall amid slowdown in luxury spending
Handbag maker Mulberry reported a drop in revenue on Wednesday, pinning the blame on a slowdown in luxury consumer spending, a challenging macroeconomic backdrop and a lack of VAT-free shopping.
Keller sees FY underlying operating profit ahead of market views
Geotechnical engineering firm Keller said on Wednesday that 2023 underlying operating profit was set to be "significantly ahead" of market expectations of £150m after a particularly strong end to the year.
London open: Stocks slump as UK inflation ticks higher
London stocks fell sharply in early trade on Wednesday as a surprise jump in UK inflation dampened rate cut hopes.
Just Eat lifts full-year core profit outlook
Just Eat Takeaway said on Wednesday that 2023 core profit was set to be ahead of guidance, following a strong fourth-quarter performance in Northern Europe and the UK and Ireland.
London pre-open: Stocks seen down as UK inflation ticks higher
London stocks were set to fall at the open on Wednesday following downbeat sessions in the US and Asia, as investors mulled the latest UK inflation figures.
Wednesday newspaper round-up: Drax, BT, Royal Mail, Heathrow
Drax has received permission from the government to fit carbon capture technology to its wood-burning power plant, in a project that could cost bill-payers more than £40bn. The energy secretary, Claire Coutinho, on Tuesday approved the project to convert two of its biomass units to use the technology. – Guardian.