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Frankfurt gunning for London-based EU bank regulator
Germany was gunning for a new EU super-agency on Wednesday, as it emerged it wanted to snatch the London-based European Banking Authority in the wake of Brexit to and merge it with the EU’s insurance authority, which is already based in Frankfurt.
Sears sparks fears over survival possibilities, stock price tumbles
US retailer Sears Holdings said on Wednesday that there is “substantial doubt” about whether it can secure its future in a fast-moving retail sector, leading to its shares tumbling more than 15%.
US open: Stocks mixed as investors grow weary over Trump fiscal policies
US stocks were mixed on Thursday following downbeat trading in the previous session, as investors grew increasingly sceptical that President Donald Trump will be able to deliver on his promised tax cuts to boost business.
George Osborne defends Evening Standard editorship to Tatton constituents
Former Chancellor George Osborne has defended his decision to be the next editor of the London Evening Standard to his Tatton constituents.
Wednesday broker round-up
Berendsen: Credit Suisse downgrades to Underperform with a target price of 700p.
Brussels to block LSE-Deutsche Borse merger in coming days, reports say
London Stock Exchange Group's proposed merger with Deutsche Boerse will be blocked by European Commission antitrust regulators, according to reports on Wednesday.
FTSE 250 movers: Ferrexpo gains on results; Berendsen hit by downgrade
London's FTSE 250 was down 0. 9% to 18,823. 54 in afternoon trade.
FTSE 100 movers: Kingfisher slumps; miners shine
Kingfisher slumped after its annual results beat the City's profit forecasts thanks to strong growth from its Screwfix chain, but the company sounded a cautious note on its outlook.
UK faces labour shortage as weak pound sparks EU worker exodus - BoE
EU workers are quitting the UK as the Brexit-induced weakness of sterling erodes the value of earnings they send abroad, adding to Britain's existing labour-shortage concerns, the Bank of England warned.
Top UK bosses earning 190 times more than average employee in UK
Chief executives of the UK's top companies are trousering an average wage that is 190 times bigger than the salary an average British employee takes home every year, according to new research.
LXi exchanges contracts on Haverhill Travelodge
LXi REIT announced on Wednesday that it exchanged contracts to acquire the Travelodge hotel at Haverhill, Essex.
CloudBuy's shares fall as FY revenue dips, pre-tax loss narrows
CloudBuy's shares fell almost 15% after after it reported a narrower full-year pre-tax loss with a minor revenue dip in what was a difficult year for the company.
UK bank cheques to clear within 24 hours by 2018
Britain's antiquated cheque clearing system will finally enter the 21st century later this year when new imaging technology will allow them to clear within a day instead of the current six.
Hermes posts €1.1bn full profit as handbags, saddlery soar
Posh handbag maker Hermes said net full year profits rose 13% to €1. 1bn, with “remarkable” growth in its leather goods and saddlery division.
Results round-up: Kingfisher, Savills, Ferrexpo, Softcat
Annual results from retailer Kingfisher beat the City's profit forecasts thanks to strong growth from its Screwfix chain, but while the transformation of B&Q and French businesses continued, sales began to slow in the second half amid concerns of a consumer slowdown.
Broker tips: Berendsen, Wood Group, Hunting, Schroders
Credit Suisse downgraded its stance on commercial laundry group Berendsen to 'underperform' from 'outperform' and slashed the price target to 700p from 1,200p as its 2017-19 earnings per share estimates fall 17% to 31%.
US existing home sales slump in February
Sales of US existing homes fell much more than expected in February, according to data from the National Association of Realtors.
Thames Water fined record £20m for pumping sewage into rivers
Thames Water was fined a record £20m on Wednesday after pumping 1. 4bn litres of raw sewage into the River Thames.
AkzoNobel rejects second offer from PPG Industries
Dulux owner AkzoNobel has rejected a second unsolicited takeover bid from US chemicals manufacturer PPG Industries, saying it substantially undervalues the company.
Nike earnings sprint higher but shares hamstrung by cagey outlook
US sportswear behemoth Nike Inc limped into the start of Wednesday's session after disappointing investors with soft sales numbers and a cautious outlook statement.