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Styles & Wood secures five-year £100m contract with bank
Styles & Wood has been appointed as one of four strategic partners by “one of the world’s largest” banking and financial services organisations for the delivery of its UK Capital Plan over the next five years.
US pre-open: Stocks set for muted start ahead of ADP report
US futures pointed to a muted open on Wall Street as investors eyed the release of the ADP employment report, which is widely considered a precursor to Friday's all-important non-farm payrolls.
Broker tips: Restaurant Group, AB Foods, Petrofac
Restaurant Group shares fell on Wednesday as Citigroup downgraded its stance on the stock to ‘sell’ from ‘neutral’ and cut the price target to 320p from 350p.
Goldman Sachs lost $1.8bn property deal - reports
US investment bank Goldman Sachs reportedly lost a $1. 8bn investment deal with Swedish pension manager Alecta for its US assets, according to Bloomberg sources.
Inmarsat launches $550m convertible bond
Satellite services group Inmarsat said on Wednesday that it has launched a bond offering of up to $600m.
UK business confidence falls in August due to Brexit uncertainty
As UK consumers shrugged of any Brexit anxiety in August with an increase in spending, businesses reported a dip in confidence, a survey showed on Wednesday.
UK shoppers regain confidence after Brexit vote as saving levels decline
British shoppers have regained their confidence since the Brexit vote, after an initial sharp fall.
Eurozone inflation weaker than expected in August, could prompt ECB action
Inflation in the eurozone came in lower than expected for August, according to a flash estimate by Eurostat, which could prompt the European Central Bank into action.
Deutsche Bank reiterates 'hold' on Petrofac
Deutsche Bank reiterated a ‘hold’ rating on Petrofac and raised its target price to 900p from 770p on Wednesday.
Eurozone unemployment rate steady in July, misses expectations
The eurozone unemployment rate was unchanged in July, according to the latest figures from Eurostat, missing analysts’ expectations.
Punch Taverns says full year trading in line
Pub operator Punch Taverns reported a rise in average profit per pub for the 52 weeks to 20 August, with like-for-like net income growth in the core estate.
Grafton H1 profit up but warns of challenging UK merchanting backdrop
FTSE 250 builders merchant Grafton Group posted a rise in first-half pre-tax profit as revenue grew thanks in part to strong growth in the Netherlands and Ireland, but the company warned of a challenging backdrop in UK merchanting.
Carclo unlikely to pay dividend after yield slump wipes out reserves
While business remains in line with expectations, Carclo warned it is unlikely to be able to pay its dividend after the slump in corporate bond yields since the Brexit led to a "significant" increase in its pension deficit.
Berenberg cuts rating on AB Foods to 'hold'
Berenberg downgraded its rating on Associated British Foods to ‘hold’ from ‘buy’ but lifted its target price to 3,000p from 2,760p on Wednesday.
The Gym Group swings to profit in H1, declares maiden interim dividend
The Gym Group, which listed on the London Stock Exchange in November, reported a rise in revenue as it swung to a profit and announced a maiden interim dividend.
Restaurant Group slumps on Citi downgrade
Restaurant Group shares fell on Wednesday as Citigroup downgraded its stance on the stock to ‘sell’ from ‘neutral’ and cut the price target to 320p from 350p.
Microsoft to sell MSN China to local partner
US technology company Microsoft is set to sell its operations in MSN China to Xichuang Technology, a company founded by a former manager of Microsoft Online.
Chemring Q3 revenues up as order book grows
Chemring reported a jump in revenue for the third quarter and said its expectations for the full year remain unchanged.
Europe open: Stocks waver as investors await inflation figures; Commerzbank rallies
European stocks wavered in early trade as investors digested better-than-expected German data ahead of key eurozone inflation figures.
UK housing market shrugs off Brexit uncertainty in August, Nationwide data shows
UK house price growth accelerated in August as demand continued to outstrip the supply of properties for sale, according to Nationwide on Wednesday.