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Interserve secures £25m Eastleigh leisure centre deal
Support services and construction group Interserve announced a new contract win on Wednesday, having secured a £25m deal to build one of the biggest leisure centres in the south of England.
Burberry a fashion victim as profits hit by luxury slump
Full year profits from Burberry fell 10%, at the bottom of analysts' range of estimates, and the fashion retailer warned that it expects 2017 full year adjusted profit before tax "to be towards the bottom of the range of analysts' expectations".
Income down as growth slows at Rathbone Brothers
Net operating income at Rathbone Brothers fell in the first quarter, it reported on Wednesday, by 0. 7% to £58. 9m.
Ultra Electronics picks up delayed drone surveillance contract
Ultra Electronics has won a $18. 4m electronic warfare equipment contract for drone aircraft, which had been delayed from the last financial year.
Europe open: Stocks nudge lower amid US rate hike concerns
European stocks nudged lower in early trade, taking their cue from downbeat US and Asian sessions as expectations grew that the Federal Reserve might hike rates as early as next month following hawkish comments by a number of Fed officials and upbeat US data.
SSE full-year profit drops, may sell stake in gas distribution networks
FTSE 100 energy supplier SSE posted a drop in profit for the financial year ended 31 March amid lower wholesale gas prices, as it announced the possibility it might sell up to a third of its 50% equity stake in the SGN gas distribution networks.
Antofagasta confirms focus on margin preservation
Chilean copper colossus Antofagasta reiterated its plans for a 'three-pillar’ strategy and confirmed that two major development projects have been slowed to preserve cash.
London Stock Exchange shareholders to vote on Deutsche merger in July
London Stock Exchange provided an update on its merger with Deutsche Börse, informing that shareholder documents will be published in June and shareholder meetings required in connection with the merger will take place in July.
ARM swallows Apical in $350m deal
Semiconductor and software design company ARM announced on Wednesday it has acquired the entire share capital of imaging and embedded computer vision intellectual property company Apical.
AstraZeneca's Lynparza fails in combination trial
AstraZeneca said on Wednesday that its trial of ovarian cancer drug Lynparza in combination with chemotherapy, compared with paclitaxel hemotherapy alone, did not meet the primary endpoint of overall survival in advanced gastric cancer patients.
Currency causes full-year headaches for SABMiller
Megabrewer SABMiller reported a 10% drop in revenue for the year in its preliminary results on Wednesday to $19. 8bn, though the company did claim 7% organic revenue growth at constant currencies in the year to 31 March.
London pre-open: Stocks seen lower as attention shifts to Fed
London stocks were expected open lower on Wednesday amid rising expectations the Federal Reserve will hike interest rates in June.
Wednesday newspaper round-up: Brexit, BHS, Heathrow
Almost £1bn in annual research funding would be thrown into doubt if the UK left the EU, according to a study warning that quitting the bloc could turn Britain into the “poor cousin” of European science. A quarter of all public funding for research in the UK comes from the EU, making the country the second-biggest recipient after Germany. The data, which also revealed the high level of EU science funding for UK universities, were published in a report by Digital Science, a research software company.
Burberry a fashion victim, LSE shareholders to vote in July
London open The FTSE 100 was called to open 23 points higher on Wednesday, extending its gains from the start of the week.