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Ted Baker to appoint administrators
Fashion brand Ted Baker is set to call in administrators, it emerged on Tuesday.
FTSE 100 movers: Unilever rallies; housebuilders in the red
London’s FTSE 100 was up 0. 2% at 7,735. 84 in afternoon trade on Tuesday.
Majestic Wine in talks to buy Vagabond Wines - report
Majestic Wine is reportedly in advanced talks to buy Vagabond Wines, the London-based chain that filed notice of its intention to appoint administrators earlier this month.
London midday: Stocks dip as investors mull BoJ, await Fed and BoE
London stocks had dipped into the red by midday on Tuesday as investors mulled the end of negative rates in Japan and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.
German business sentiment improves in March - ZEW
German business sentiment improved in March, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
RBC Capital upgrades Vistry to ‘sector perform’
RBC Capital Markets upgraded its stance on Vistry on Tuesday as it took a fresh look at the house housebuilder following full-year results.
Pfizer sells bigger-than-expected stake in Haleon
Haleon said on Tuesday that Pfizer has sold a larger-than-expected stake in the consumer healthcare group, taking its interest down to 22. 6% from 32%.
Trustpilot swings to full-year profit
Trustpilot said on Tuesday that it swung to a profit in 2023 as revenue and user numbers jumped.
London open: FTSE nudges up as BoJ hikes rates
London stocks nudged higher in early trade on Tuesday as investors mulled the first rate hike by the Bank of Japan in 17 years and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.
Crest Nicholson to fork out up to £15m on more build defects
Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.
DFS warns on profits after demand weakens 'significantly'
DFS cut its FY24 profit and revenue guidance on Tuesday as it said market demand has weakened "significantly" over the last two months following a solid start to January.
London pre-open: Stocks seen down as BoJ ends negative interest rates
London stocks were set to fall at the open on Tuesday as investors mulled policy announcements from the Bank of Japan and Reserve Bank of Australia, and looked ahead to a key UK inflation reading this week.
Tuesday newspaper round-up: P&O Ferries, National Grid, Heathrow, Mike Lynch
P&O Ferries, which controversially sacked about 800 workers in 2022, has paid some crew members less than half the UK minimum wage thanks to an ongoing legal loophole the British government promised to close two years ago. Agency workers at the company, which is owned by the Dubai-based DP World, have in some cases been earning about £4. 87 an hour – even lower than the £5. 15 an hour the company suggested was its lowest pay rate – an analysis of recent payslips conducted by the Guardian and ITV News suggests.