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Hikma Pharmaceuticals impresses despite profits drop
Hikma Pharmaceuticals nudged its dividend higher as profits were held back last year due to a combination of lower profits from the generics business, greater investment in growth and currency effects.
Marshalls full-year profit jumps 31%
Specialist landscape products group Marshalls reported a 31% jump in full-year profit on Wednesday thanks to an improvement in operating margins.
Polymetal adjusted earnings rise despite increased costs
Polymetal International announced its preliminary results for the year to 31 December on Wednesday, with revenue increasing 10% over 2015, to $1. 58bn.
Government cuts stake in Lloyds to less than 3%
With shares in Lloyds Banking Group recently hitting a six-month high, the government has reduced its stake in the bank to below 3% overnight.
London pre-open: Stocks seen a little firmer ahead of Fed announcement
London stocks were set for a slightly firmer open on Wednesday as investors looked to the Federal Reserve’s latest policy announcement amid expectations of a 25-basis points rate hike.
Wednesday newspaper round-up: UK construction, Unilever, GSK boss
The UK construction industry could lose more than 175,000 EU workers – or 8% of the sector’s workforce – if the country does not retain access to the European single market after Brexit, the government has been told. Such an outcome could put key infrastructure and construction projects at risk at a time when the sector was also facing other pressures, including the tax changes in the recent budget, said the Royal Institution of Chartered Surveyors (Rics). – Guardian.