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Weir Group posts 46% decline in pre-tax profit
Unprecedented market challenges saw revenue and earnings take a tumble at Weir Group in the year to 1 January.
London pre-open: Stocks seen lower as investors keep an eye on oil
Stocks in London are expected to open a little lower on Wednesday following mostly negative sessions in the US and Asia, as investors keep an eye on oil prices.
Wednesday newspaper round-up: CBI, oil, Aston Martin, Heathrow
Alberto Gallo, former macro credit strategist for Royal Bank of Scotland, has left the bank to join Algebris, with the aim of expanding the $3bn asset manager’s focus beyond financial institutions by launching a fund designed for a world of negative interest rates. The move to capitalise on the problems faced by insurers and pension funds confronted by very low or negative yielding bonds highlights both the scale of the challenge and the poor performance of many existing hedge fund structures.
Barratt profits proliferate, Weir's on the wane
London open Extending losses from the prior day, the FTSE 100 is forecast to fall by around 14 points on Wednesday morning.