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Foxconn and Sharp agree takeover deal
Taiwanese manufacturer Foxconn has sealed a deal to take over Japanese electronics group Sharp.
ECB will not take rates into 'absurdly negative territory', says Coeure
Although further cuts to interest rates cannot be ruled out, the European Central Bank will not take rates into “absurdly negative territory", executive board member Benoit Coeure said in an interview with Politico published on the central bank’s website.
Kingfisher faces staff revolt as UK retailers eye living wage loopholes
Kingfisher is facing pressure from thousands of staff at its B&Q retail chain to bring back overtime pay and benefits it is cutting to ease the cost of the new minimum wage.
BBA Aviation agrees sale of six fixed-based operations
BBA Aviation has sold six fix-based operations for $190m in cash to affiliates of KSL Capital Partners as agreed with the US Department of Justice under the terms of the regulatory approval for the acquisition of Landmark Aviation.
Vodafone's veteran dealmaker Finegold to retire from board
Vodafone's veteran dealmaker Warren Finegold will retire at the end of June, after a glittering history with the company that began when he advised on the mobile group's initial public offering in 1988 when at Goldman Sachs.
Metro surges as it announces plan to split in two
Shares in Metro AG surged on Wednesday after the German retailer said it was planning to split into two independent and sector-focused companies through a demerger of the group.
London open: Stocks gain after dovish Yellen speech
UK stocks rose on Wednesday as oil prices recovered and the markets assessed dovish remarks from Federal Reserve Chair Janet Yellen.
Europe open: Stocks rise as investors welcome Yellen's dovish stance
European stocks rose in early trade, taking their cue from an upbeat session on Wall Street as investors welcomed dovish comments from Federal Reserve Chair Janet Yellen.
Morgan Stanley downgrades William Hill after profit warning
Morgan Stanley downgraded William Hill to ‘underweight’ from ‘equalweight’ and cut the price target to 290p from 425p following the company’s profit warning last week.
Great Portland Estates adds Steven Mew
Great Portland Estates announced the addition of Steven Mew to its management team on Wednesday, putting him in the role of portfolio director from early October.
Boeing to cut 4,500 jobs in face of jet demand turbulence
Aeroplane maker Boeing has revealed plans to cut more than 4,500 jobs by June, as it cuts cost in response to slowing demand for its jets.
Jefferies upgrades Next, downgrades M&S as it reviews retailers
Jefferies reviewed its ratings on London-listed retail stocks as it took a look at UK general retailers.
London pre-open: Stocks seen higher after dovish Yellen comments
London stocks were poised for a firmer open on Wednesday, taking their cue from a positive session on Wall Street after Federal Reserve Chair Janet Yellen maintained a dovish stance in a speech the previous day.
Premier Foods receives new offer, Morgan appoints CFO
London open The FTSE 100 is expected to rise 54 points on Wednesday morning after it finished almost perfectly flat the day before.
Peter Turner to join Morgan Advanced Materials
Morgan Advanced Materials was looking for a new, improved financial direction on Wednesday, announcing the appointment of Peter Turner to the role of chief financial officer.
Wednesday newspaper round-up: Brexit, EDF, Tata, Sports Direct, BoE
Bank of America is warning senior staff not to use the word “Brexit” when talking to clients as it tries to steer clear of the raging debate over the UK’s membership in the European Union. The US bank last week told managers “not to provide opinions, not to influence voters, not to assume a particular result and not to engage in campaigning” in the run-up to a June 23 vote on whether the UK should leave the EU. – Financial Times.