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Stagecoach exits Twin America joint venture.
Passenger transport operator Stagecoach Group confirmed on Tuesday that it has sold its interest in the Twin America joint venture for an undisclosed sum.
NEX Group posts 11% rise in third-quarter revenue
FTSE 250 financial broker NEX Group – formerly ICAP – posted a rise in revenue for the third quarter as Donald Trump’s US presidential win lifted trading activity, although the company warned it was still too early to assume that a period of subdued market conditions had come to an end.
London pre-open: Stocks to rise ahead of unemployment data
London stocks were predicted to rise 20 points on Wednesday ahead of UK labour market data and after US stocks rose overnight in the wake of unexpectedly hawkish comments from Federal Reserve chair Janet Yellen.
Wednesday newspaper round-up: Co-op Bank, city rates, Toshiba
Co-operative Bank’s core ethical mandate is expected to pose a major obstacle to a sale of the troubled lender to a rival firm, according to City sources. The bank, which put itself up sale on Monday in a bid to solve its financial woes, has a strict policy that forbids it from funding a host activities, including those that contribute to climate change or animal testing of cosmetics. The mandate sets the lender apart from other high-street banks. – Telegraph.
Qinetiq trading in line as Target Systems acquisition is integrated
Qinetiq, the defence technology specialist, said underlying trading was as expected during the third quarter and that its aspirations for the full year to end-March were unchanged.