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Ofcom tightens Royal Mail letters rules and warns of potential fines
Ofcom has tightened some of the rules governing Royal Mail's role in the parcels and letters market, and warned the postal group that if it continues to miss its targets it could face "significant fines".
BBA reports $82.2m full year pre-tax loss
Private aircraft services provider BBA Aviation on Wednesday posted a full year pre-tax loss of $82. 2m after taking in $316m in exceptional items.
Inchcape profit rises as weak pound provides a boost
Car dealership Inchcape reported a rise in full-year profit on Wednesday as revenue grew and the company was boosted by weakness in the pound.
CRH profit continues to grow as all divisions improve
CRH posted its full-year results for the 2016 calendar year on Wednesday, with continued profit growth, and margins and returns ahead in all divisions.
London pre-open: Stocks seen higher as investors digest Trump speech
Stocks in London were set for a firmer open on Wednesday as investors digested US President Donald Trump's first address to Congress and looked ahead to some key UK manufacturing data.
Wolseley poaches BBA Aviation's Mike Powell as CFO
Building materials distributor Wolseley has appointed BBA Aviation's Mike Powell as chief financial officer, effective from 1 June.
Wednesday newspaper round-up: Nissan, 21st Century Fox, Dyson
Nissan has called on the government to provide investment to help rebuild the UK’s car parts business so it can replace components that come from overseas after the country leaves the EU. A Commons select committee was told by a senior Nissan executive that the company was forced to source up to 85% of its components from Japan, China and Europe, as the necessary car parts were no longer produced in the UK. If these parts were made in the UK instead, Nissan would spend up to £2bn a year with British suppliers.
Bunzl agrees to buy US-based DDS for undisclosed sum
International distribution and outsourcing group Bunzl on Wednesday said it had agreed to acquire buy US-based Diversified Distribution Systems (DDS) for an undisclosed sum.