Full List Of Stories
Frasers abandons pursuit of Mulberry, shares slump
Mike Ashley’s Frasers Group said on Wednesday that it was abandoning its pursuit of luxury handbag maker Mulberry.
PRS Reit launches strategic review, could put itself up for sale
PRS Reit said on Wednesday that it was launching a strategic review that could lead to it putting itself up for sale as it looks to enhance value for shareholders.
FTSE 250 movers: Hochschild shines; Volution hit by downgrade
London’s FTSE 250 was down 0. 5% at 20,839. 49 in afternoon trade on Wednesday.
FTSE 100 movers: WPP, Reckitt rally on results
London’s FTSE 100 was down 0. 5% at 8,267. 31 in afternoon trade on Wednesday.
Coca-Cola sees FY organic sales at high end of guidance
Coca-Cola said on Wednesday that full-year organic sales were set to be at the high end of its previous guidance range.
Broker tips: Ibstock, Forterra, Volution
Jefferies upgraded both Ibstock and Forterra on Wednesday to ‘buy’ from ‘hold’ "given the current compelling demand-supply dynamic in the UK brick sector".
Davy downgrades Volution to ‘neutral’
Davy downgraded its stance on Volution on Wednesday to ‘neutral’ from ‘outperform’.
WPP returns to growth in third quarter
Advertising giant WPP said on Wednesday that it returned to growth in the third quarter, as it reiterated its outlook for the year.
London midday: Stocks turn lower amid Budget jitters, US election uncertainty
London stocks had turned lower by midday on Wednesday as caution crept in ahead of next week’s Budget and amid uncertainty over the US election.
US pre-open: Stocks seen lower ahead of Boeing, Tesla earnings
US futures pointed to a weaker open on Wall Street on Wednesday as investors eyed earnings from the likes of Boeing, Tesla and Coca-Cola.
Jefferies upgrades Ibstock, Forterra to ‘buy’
Jefferies upgraded both Ibstock and Forterra on Wednesday to ‘buy’ from ‘hold’ "given the current compelling demand-supply dynamic in the UK brick sector".
CMA launches formal probe into Carlsberg's £3.3bn acquisition of Britivc
The Competition and Markets Authority said on Wednesday that it was launching a formal probe into Carlsberg’s £3. 3bn acquisition of Britvic.
London open: FTSE nudges up as WPP, Reckitt gain
London stocks nudged up in early trade on Wednesday, helped along by well-received results from the likes of WPP and Reckitt, but gains were muted as caution crept in ahead of next week’s Budget and amid uncertainty over the US election.
Barratt Redrow on track for £90m of synergies
Barratt Redrow highlighted "more stable" market conditions on Wednesday, as it said integration of the two businesses has begun "at pace" and that it expects to deliver cost synergies of at least £90m.
British Land appoints David Walker as CFO
British Land said on Wednesday that it has appointed David Walker as its new chief financial officer, following "a comprehensive search and review of internal and external candidates".
London pre-open: Stocks to edge down; gold continues to shine
London stocks were set to fall a little at the open on Wednesday, having closed a touch lower a day earlier, while gold prices continued to shine.
Wednesday newspaper round-up: Water companies, Sellafield, EY
Hundreds of millions of pounds of local transport funding in England could be cut in next week’s spending review despite having been agreed with regional mayors, putting bus, tube and tram improvements at risk. The mayors, most of whom are Labour, are engaged in a last-minute lobbying campaign to stop the Treasury raiding their transport budgets as Rachel Reeves looks for immediate savings. – Guardian.