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Income, capital growth boost Workspace Group full year profits
Pre-tax profits at property outfit Workspace Group jumped 8. 7% to £391. 3m, with revenues up to £101. 2m from £83. 6m driven by income and capital growth.
AO World's full year losses widen but revenue grows
Online electrical retailer AO World reported on Wednesday a 25. 7% increase in full year revenue to £599. 2, driven by growth in the UK business.
Chinese import demand stronger than expected in May
Asia´s largest economy saw a smaller than expected increase in its foreign trade surplus for May as import demand was unexpectedly strong.
Monks Investment Trust posts negative return for the year
Monks Investment Trust posted a net asset value total return of -0. 4% for its full financial year on Wednesday, trailing behind the total return of 0. 5% for the FTSE World Index in sterling terms.
3i Infrastructure completes £385m fundraising
Investment business 3i Infrastructure confirmed the successful completion of a £385m capital raise on Wednesday, having finished its open offer, placing and intermediaries offer and increased the initial target size from £350m.
Wednesday newspaper round-up: Tiger, Citigroup, Societe Generale
The chairman of one of Britain’s fastest-growing high street chains is one of the 79 per cent of retailers who favour staying in the European Union, according to a poll. Vagn Sorenson, chairman of Tiger, the cut-price general merchandise chain, said that Brexit would lead to uncertainty, reduce inward investment and make it more difficult to hire foreign workers. – The Times.
London pre-open: Stocks to open lower after worse-than-expected China data
London stocks are expected to open lower on Wednesday after China trade data came in worse than expected.
Domino's Pizza buys into Nordic operations
Quick-service food operator Domino’s Pizza Group announced a new strategic investment on Wednesday, committing £24m to acquire “significant minority interests” in Domino’s Iceland, Norway and Sweden while retaining existing strong local management.
Sainsbury's reports 0.8% drop in like-for-like retail sales in first quarter
London’s FTSE 100 is expected to open 17 points lower at 6,267.
Sainsbury's first quarter sales down 0.8%
Supermarket heavyweight Sainsbury's said like-for-like retail sales fell 0. 8% excluding fuel and were down 1% including petrol.
A rising (oil) tide lifts all boats
Gains in shares of London-listed oil majors BP and Royal Dutch Shell, and oil stocks more generally, helped to keep the FTSE 100 and FTSE 350 in the green on Tuesday.
Commodities: Nigeria to de-escalate military presence in Niger Delta
Crude oil futures jumped to their highest level in over 10 months on continuing reports of ongoing supply disruptions in Nigeria as a result of attacks on the country´s energy infrastructure by militants.