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UK rating could be downgraded if it doesn't get good Brexit deal, says Moody's
Moody’s warned on Wednesday that the UK’s sovereign rating could be downgraded if it is unable to protect core elements of its access to the European Single Market.
Construction activity remains 'solid', but Brexit and input prices drag
UK construction output in October was lifted to its highest level since March by continued solid housing activity, but the rate of growth slowed from the previous month.
Smurfit Kappa's Q3 revenue rises, on track to deliver record EBITDA
Ireland’s Smurfit Kappa reported that third quarter revenue increased, while the corrugated packaging company remains on track to deliver record earnings before interest, tax, depreciation and amortisation (EBITDA) for the year.
CRH boosted by Canaccord upgrade
CRH was given a boost on Wednesday after Canaccord Genuity upgraded its rating on the building materials business to ‘buy’ from ‘hold’ and reiterated a target price of €32. 00.
EasyHotel signs franchise deal for hotel in Reading
EasyHotel has signed a new franchise agreement for a hotel in Reading that will add 54 rooms to its network.
Shop prices little moved as retailers absorb sterling inflation, BRC-Nielsen says
Prices of goods in UK shops continued to fall in October, according to a survey of the retail industry published on Wednesday, as supermarkets absorb most of the early effects of the falling pound.
Wetherspoons fizzes in first quarter as Martin rails at EU 'hectoring'
Pub group JD Wetherspoon said its outlook for the full year remained unchanged after a first quarter in which like-for-like sales increased 3. 5% but dropped 2. 3% in the latter five weeks of the period.
Eurozone manufacturing PMI ticks higher in October
Markit’s final eurozone manufacturing purchasing managers’ index came in at 53. 5 in October, up from the flash estimate of 53. 3 and September’s reading of 52. 6.
HSBC upgrades EasyJet, Ryanair
HSBC upped its ratings on budget carriers EasyJet and Ryanair on Wednesday as it took a look at European airlines.
OneSavings Bank confident of net loan growth by end of 2016
OneSavings Bank said it was performing in line with expectations as it remains confident of achieving net loan growth by the end of the year.
London open: Stocks weaker amid US election worries, ahead of Fed
Stocks in London fell in early trade following downbeat sessions in the US and Asia, as jitters set in after a new poll revealed Republican candidate Donald Trump was in the lead in the US presidential race and ahead of the Federal Reserve’s rate announcement.
Europe open: Stocks drop on US election uncertainty as investors eye Fed
European stocks declined on Wednesday as worries about the US presidential race crept in after a new poll revealed Republican candidate Donald Trump was in the lead and ahead of the Federal Reserve’s rate announcement.
London open: Stocks weaker amid US election worries, ahead of Fed
Stocks in London fell in early trade following downbeat sessions in the US and Asia, as jitters set in after a new poll revealed Republican candidate Donald Trump was in the lead in the US presidential race and ahead of the Federal Reserve’s rate announcement.
Millennium & Copthorne profit boosted by weaker pound
Millennium & Copthorne reported a rise in profit in the third quarter as it benefited from a weaker sterling in the aftermath of the UK’s vote to leave the European Union.
G4S wins billions in new contracts
Integrated security company G4S updated the market on its progress for the nine months to 30 September on Wednesday, with the group winning new contracts with annual revenues of £1bn and total contract value of £2bn in that period.
Just Eat ups full-year revenue and earnings expectations
Online food delivery service Just Eat upped its expectations for full-year revenues and adjusted earnings as it reported a rise in orders in the third quarter.
Rolls-Royce nabs Andreas Schell from UTC
Rolls-Royce announced on Wednesday that Andreas Schell has been appointed as chief executive officer of Rolls-Royce Power Systems.
London pre-open: Stocks seen lower amid US election worries, ahead of Fed
Stocks in London were set to open lower on Wednesday as jitters set in after a new poll revealed Republican candidate Donald Trump was in the lead in the US presidential race and ahead of the Federal Reserve’s rate announcement.
Wednesday newspaper round-up: Hammond, disposable incomes, Heathrow
Chancellor Philip Hammond is to adopt a new flexible fiscal framework in this month’s Autumn Statement, banishing rigid targets to ensure the government has “headroom” to react if Brexit fallout hits the economy. Mr Hammond told cabinet colleagues on Tuesday to expect only a modest fiscal stimulus, with a programme of new infrastructure spending expected to run to the low billions of pounds a year. – Financial Times.