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London leisure spend lagging provinces, says Coffer Peach Tracker
Trading at the UK’s largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'.
Exane upgrades Sainsbury's to 'outperform'
Exane BNP Paribas upgraded Sainsbury’s to ‘outperform’ from ‘neutral’ and lifted the price target to 280p from 250p.
Europe open: Stocks in the black as corporate news provides some cheer
European stocks edged higher in early trade, taking their cue from a positive session on Wall Street as well-received corporate news helped to underpin the mood.
Gatwick's Horse Hill oil well flows naturally
Oil has continued to flow naturally from a discovery well near Gatwick Airport owned by a consortium of oil exploration companies, with the first two tankers of crude sent for refining.
Central bank should not be in a hurry to tighten interest rates, Fed's Rosengren says
The US central bank should not be in a hurry to tighten its policy settings in inflation was set to rise more slowly than predicted, a top policy-maker said.
Utilitywise first half in line with expectations
Utility cost management consultancy Utilitywise said its performance in the six months to the end January was in line with management expectations and the full year should also be in line.
Astrazeneca wins fast-track approval for bladder cancer drug
AstraZeneca has won fast-track US regulatory approval for a particular application of its most promising cancer drugs.
Auto Trader accelerates into second half
Auto Trader was trading ahead of expectations in the latter half of the year, with the group updating the market on its operations in the four months since its interim results, on Wednesday.
Auto Trader accelerates, Metro Bank reduces IPO
London open On Wednesday morning traders said they expected to see the FTSE 100 index rise by 13 points, extending the slight gains from the day before.
Glencore refinancing £6bn credit facility
Glencore was shoring up access to its future cash requirements on Wednesday, announcing it had signed a new revolving credit facility of a similar scope to its current one.
London pre-open: Stocks seen higher as investors eye UK data, FOMC minutes
London stocks are expected to open higher on Wednesday following a positive close in the US, as investors look to a slew of UK data releases and the latest FOMC minutes.
Wednesday newspaper round-up: Metro Bank, RBS, Mike Ashley
Metro Bank is slashing the size of its initial public offering by almost a fifth following the recent sell-off across the banking sector, investors in the UK challenger bank were told on Tuesday night. Metro said that it had cut the price of its offering from £24 per share to £20, and reduced the amount it aims to raise from £500m to £400m. – Financial Times.