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Europe open: Stocks in the red amid worries about monetary tightening
European stocks fell in early trade as investors mulled over possible monetary tightening by the European Central Bank.
London open: Stocks edge lower alongside fresh pound weakness
Stocks in London began the session slightly weaker, tracking losses overnight on Wall Street on the heels of some 'hawkish' Fedspeak and with the monthly US non-farm payrolls report looming ever-larger on the horizon.
Air Berlin to discuss transfer of tourism arm to new carrier
Air Berlin agreed to discussions for the transfer of its tourism arm to a new carrier to be formed by Etihad Airways PJSC and TUI AG.
Tesco's Lewis sets out margin ambitions as interim sales growth doubles
Tesco reported much improved sales and operating profits in the first half of the year and set out ambitious plans for growing profit margins, though its pension deficit soared to a whopping £6bn.
Topps Tiles reports slowdown in sales
In a pre-close trading update for the 52-week period ending 1 October, tile specialist Topps Tiles reported a slowdown in sales as it took a slight hit from its decision to exit the wood flooring business.
3i Infrastructure invests in more Dutch motorways
Private equity investment company 3i Infrastructure has invested €6. 5m in a motorway project in the Netherlands, the company’s third investment in Dutch roads.
BHP Billiton talks up petroleum operations and opportunities
BHP Billiton briefed investors in London on Tuesday, outlining what it called a “broad range of opportunities” within its petroleum business to grow value, returns and cash flow as markets improve.
Centamin production up 41pc at Sukari
Centamin announced preliminary production results for the quarter to 30 September from its Sukari Gold Mine in Egypt on Wednesday, with preliminary total gold production of 148,674 ounces, a 6% increase on the previous quarter and a 41% increase year-on-year.
Wednesday newspaper round-up: Barclays, SVG Capital, Bradford & Bingley
Barclays has completed the sale of its Egyptian business to Morocco’s Attijariwafa Bank as part of its shift towards focusing on the US and Britain. The sale will mean a cut of about £2bn in Barclays’ risk-weighted assets, boosting the bank’s core capital ratio by about 0. 1%. – Guardian.
London pre-open: Stocks seen slightly lower as investors eye services data
Stocks in London were set for a slightly weaker open on Wednesday as investors eyed the release of services data.