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London open: Stocks fall amid slate of company news
UK stocks slid on Wednesday as investors waded through a plethora of corporate announcements.
BHP Billiton's Samarco JV hit with $43bn compensation lawsuit
Federal prosecutors in Brazil have launched a $43bn lawsuit against BHP Billiton's part-owned Samarco Mineração mining unit to claim compensation for the dam disaster last November.
Mali carries Randgold to first quarter profit
Loulo-Gounkoto in Mali carried Randgold Resources to a profit in its first quarter to March, in a period where its Kibali and Tongon mines were impacted by commissioning and technical issues.
Ryanair passenger numbers surge 10% in April
Traffic at low-cost airline Ryanair rose 10% in April to a record 9. 9m customers from 9m in the same month last year, the company said on Wednesday.
Standard Life acquires AXA's Elevate
Standard Life added more than 160,000 new customers and £9. 8bn of assets under administration on Wednesday, announcing the acquisition of Elevate from AXA UK.
BAE Systems repeats guidance after 'good momentum' in first quarter
BAE Systems has reported a good start to the new financial year, with directors confident the good momentum is in line with full year targets.
Direct Line's first-quarter premiums rise
In a trading update for the first quarter to the end of March, Direct Line said gross written premiums for ongoing operations rose 4. 2% to £777. 8m.
Imperial Brands profit slides but revenue up
Imperial Brands, formerly known as Imperial Tobacco, posted a drop in first-half profit although revenue was underpinned by the ITG Brands acquisition.
Sainsbury's profits fall less than forecast from price fallout
Sainsbury's annual results showed the severe hit to its finances by the industry price war and ensuring food price deflation but profits fell less than analysts expected.
Next widens guidance as sales remain unpredictable
Poor but unpredictable sales in the year to date saw high street fashion retailer Next widen it guidance for the year in a trading update on Wednesday.
Shell's Q1 earnings drop but still beat expectations
Royal Dutch Shell posted a drop in first-quarter earnings on Wednesday in the oil giant’s first results since the takeover of BG Group.
Shell and Sainsbury's beat forecasts
London open The FTSE 100 is forecast to extend its losses the previous day with a four-point fall.
London pre-open: Stocks seen flat; earnings in focus
London stocks were expected to open broadly flat on Wednesday following downbeat sessions in the US and Asia, amid lower commodity prices.
Wednesday newspaper round-up: Barclays, challenger banks, China data
The Government has taken the rare move of fast-tracking a full investigation into BHS’s former directors as Sir Philip Green yesterday agreed to appear before MPs in return for saving his wife’s blushes. Business Secretary Sajid Javid has taken the unusual step of accelerating an inquiry by the Insolvency Service into the retailer’s collapse, rather than wait three months for administrators to conclude their own investigation.