Full List Of Stories
FTSE 100 movers: IAG flies higher on upgrade; L&G drops on results
London’s FTSE 100 was 0. 3% higher at 7,671. 99 in afternoon trade on Wednesday.
US private sector adds fewer jobs than expected in February - ADP
Private sector employment in the US rose less than expected in February, according to figures released on Wednesday by ADP.
Coventry Building Society hires JPMorgan to help secure Co-op Bank deal
The Coventry Building Society has reportedly enlisted Wall Street bank JP Morgan to strengthen its proposed takeover of the Co-operative Bank.
London midday: Stocks a little firmer ahead of Budget, Powell speech
London stocks were still a little firmer by midday on Wednesday as investors eyed the Spring Budget and a speech by US Federal Reserve chair Jerome Powell.
Galliford Try lifts dividend as H1 profits jump
Construction firm Galliford Try posted a jump in first-half profit and revenue on Wednesday as it hailed growth in both the building and infrastructure segments, and lifted its dividend.
Digital 9 Infrastructure gets regulatory approval to sell Verne Global
Digital 9 Infrastructure surged on Wednesday after saying it had received regulatory approval to sell Verne Global, paving the way for it to potentially wind down and return funds to shareholders.
IAG flies higher after double upgrade to 'overweight' by JPMorgan
BA and Iberia owner IAG flew higher on Wednesday as JPMorgan Cazenove double upgraded the shares to ‘overweight’ from ‘underweight’ and lifted the price target to €2. 50 from €1. 45.
London open: Stocks edge up ahead of Budget, Powell speech
London stocks edged up in early trade on Wednesday as investors eyed the Spring Budget and a speech by US Federal Reserve chair Jerome Powell.
Tullow cites lower oil prices as FY profits, revenue decline
Oil and gas explorer Tullow Oil reported a drop in full-year profit and revenue on Wednesday, citing lower oil prices.
Premier Foods to suspend pensions deficit payments early
Premier Foods said on Wednesday that it will benefit from £33m increased free cash flow in the financial year to 29 March 2025 after reaching an agreement with the trustee of its pension scheme to suspend pension deficit contribution payments from 1 April 2024.
Antler sells 21.5m shares in Baltic Classifieds in placing
Antler, which is controlled by funds advised by Apax, has sold 21. 5m shares in Baltic Classifieds Group in a placing, raising gross proceeds of £47. 3m.
Consortium raises £1.4bn in placing of 21.5m LSEG shares
A consortium of investors in London Stock Exchange Group has sold 21. 5m shares in a placing, raising around £1. 4bn.
London pre-open: Stocks to edge up ahead of Budget
London stocks were set to edge up at the open on Wednesday, with all eyes on the Spring Budget.
Wednesday newspaper round-up: Fuel duty, Post Office, ECB
Retaining the fuel duty cut in the budget is a regressive policy that benefits the wealthiest in society, who will save £60 a year, while those who earn the least will save just £22, according to analysis. Jeremy Hunt is expected to announce an extension of the 5p cut in fuel duty brought in during 2022, a proposal that has won him plaudits across the rightwing press. – Guardian.