Full List Of Stories
Bank of Canada cuts rates for third time in a row, to 4.25%
The Bank of Canada cut its benchmark rate on Wednesday to 4. 25% from 4. 5%, in line with economists’ expectations, amid easing inflationary pressures.
FTSE 100 movers: Compass boosted by upgrade; Airtel Africa tumbles
London’s FTSE 100 was down 0. 4% at 8,268. 28 in afternoon trade on Wednesday.
Stifel downgrades DS Smith to ‘hold’ from ‘buy’
Stifel downgraded DS Smith on Wednesday to ‘hold’ from ‘buy’ and cut the price target to 480p from 498p as it said the company’s near-term earnings are under pressure.
Nordstrom gets $23 a share buyout proposal from family founders, Liverpool
Nordstrom confirmed on Wednesday that it has received a buyout proposal from members of the Nordstrom family and Mexican retailer El Puerto de Liverpool (Liverpool) at $23 per share.
London midday: Stocks stay down on US recession fears; UK data upbeat
London stocks were still weaker by midday on Wednesday as poor US manufacturing data reignited fears about the country’s economy, while heavy falls for Nvidia also weighed on sentiment.
Starwood Capital to buy Balanced Commercial Property in £673m deal
Balanced Commercial Property Trust has agreed to be bought by private investment firm Starwood Capital for £673. 5m.
UK business activity picks up at fastest pace since April
Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday.
Chapel Down slumps as CEO departs, profits slide
Chapel Down tumbled on Wednesday as it announced the departure of its chief executive and reported a drop in first-half profits and revenue.
London open: Stocks slide after heavy Wall St losses
London stocks slid in early trade on Wednesday, taking their cue from a heavy selloff on Wall Street on the back of poor manufacturing data, with sharp falls for Nvidia also weighing on sentiment.
Segro to buy Tritax for £1.1bn including debt
Segro said on Wednesday that it has agreed to buy rival Tritax EuroBox in a deal with an implied enterprise value of around £1. 1bn including debt.
London pre-open: Stocks seen lower after US selloff
London stocks were set to fall at the open on Wednesday following a heavy selloff on Wall Street on the back of poor manufacturing data.
Wednesday newspaper round-up: Councils, Apple, offshore wind farms
Spending on the UK live music sector and associated businesses has hit a record £6. 1bn as a wave of huge acts from Elton John to Beyoncé cashed in on the pent-up demand to attend shows in person. Live, the federation representing Britain’s live music industry, revealed that the sector’s contribution to the UK economy topped £6bn for the first time last year, as fans denied live experiences in the Covid pandemic rushed to snap up tickets. – Guardian.