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Results round-up
Final results from Prudential showed pre-tax profit falling short of expectations but a bumper dividend and reassuring words from chief executive Mike Wells on the outlook in the UK, US and Asia helped lift the shares on Wednesday morning.
Vertu Motors puts brakes on shares with discounted placing
Fresh from its upbeat trading update, Vertu Motors has confirmed it aims to raise £35 million at a discounted fundraising to help fund acquisitions.
NIESR's UK GDP estimate slows but confident about Q1
UK economic growth slowed over the last three months, according to the National Institute of Economic and Social Research.
HSBC ups target on Burberry, but downgrades shares
A weaker sterling will add to Burberry’s growth on both the top-line and bottom-line, but the recent rebound in the share price was “unwarranted” HSBC said.
Broker tips: Burberry, Centrica, SSE, RBS
A weaker sterling will add to ,’s growth on both the top-line and bottom-line, but the recent rebound in the share price was “unwarranted”, HSBC said.
Thursday preview: ECB widely expected to increase QE
The European Central Bank is expected on Thursday to announce fresh stimulus measures to address prolonged low inflation, a stagnant recovery in the euro area and a global economic slowdown.
E.ON posts €7bn loss, UK profits flat
The German parent of one of the UK's big six energy firms more than doubled its annual losses to €7bn (£5. 4bn) on Wednesday, with its UK profits flat.
US open: Stocks rebound as oil prices rise ahead of key supply data
US stocks rebounded on Wednesday as oil prices gained ahead of a report on US crude inventories.
FTSE 250 movers: Investors lose appetite for Restaurant Group, but Cairn surges
London’s FTSE 250 index was down 0. 2% to 16,620. 44 at 1415 GMT, as investors digested better-than-expected data on manufacturing and industrial production.
UBS and Deutsche Bank lose bonus tax case
The UK Supreme Court has ruled that Deutsche Bank and UBS must pay taxes on bonuses paid to their investment bankers, in a case that goes back 12 years.
Hotel Chocolat plans AIM listing
High-end chocolatier Hotel Chocolat revealed on Wednesday it was mulling a float, in a bid to raise money to expand its brand further in the UK and online, as well as its production facility in Oxfordshire.
City lobby says Brexit risks to financial sector too great
Britain's economy would survive without the EU, one of the City's leading lobby groups said on Wednesday, but going ahead with Brexit would risk damaging the square mile's competitiveness.
Citi expresses concern around UK water utilities' premium valuation
Analysts at Citi on Wednesday recommended investors turn off the tap, cautioning they were increasingly concerned about UK water utilities' premium valuation.
Sports Direct's Ashley faces jail if parliament face-off continues
Sports Direct boss Mike Ashley has been threatened with being found in contempt of parliament for his failure to agree to attend questioning by the business, innovation and skills (BIS) committee.
Prudential declares special dividend and puts Asia fears to bed
Final results from Prudential showed pre-tax profit falling short of expectations but a bumper dividend and reassuring words from chief executive Mike Wells on the outlook in the UK, US and Asia helped lift the shares on Wednesday morning.
ICE said to line up financing for LSE bidding war
Intercontinental Stock Exchange is reportedly lining up financing for a bid for the London Stock Exchange to rival Deutsche Boerse’s offer.
Credit Suisse adds to overweight position on insurers
Credit Suisse on Wednesday reiterated its upbeat stance on the insurance sector, adding to its ‘overweight’ position and recommended investors on “sustainable” yield plays.
US pre-open: Stocks set for a rebound as oil prices advance
Stocks on Wall Street were on track for a rebound as oil prices rallied and European indices gained ground.
US mortgage applications bounce back, says MBA
US MBA mortgage application volumes grew 0. 20% in the last week, according to data from the Mortgage Bankers Association, versus the previous week's 4. 8% decline.
Burberry shares tank after holder of mystery position revealed
Shares in Burberry came off sharply following a report that the ‘mystery investor’ who had built up a greater than 5. 0% stake in the company’s stock was in fact the result of a series of trading positions taken on by HSBC.