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Redrow sees full-year profit up 22% on last year
Housebuilder Redrow said its trading performance continues to be robust and it expects pre-tax profit for the year to the end of June 2017 to rise 22% from the prior year.
Softcat celebrates strong interims as customer numbers jump
IT infrastructure provider Softcat said interim pre-tax profits rose to £20. 9m from £15. 4m on the back of a 28. 9% jump in revenues to £378. 5m thanks to double-digit growth in software, hardware and services.
Savills posts record performance for 2016
International real estate advisor Savills announced “record results” for the year to 31 December on Wednesday, with group revenue up 13% to £1. 45bn, or £1. 36bn in constant currency.
London pre-open: Stocks seen lower on downbeat US, Asian cues
London stocks were set for a weaker open on Wednesday, taking their cue from downbeat sessions in the US and Asia.
Wednesday newspaper round-up: CEO pay, Acacia Mining, Co-op Bank
The average FTSE chief executive earns 386 times more than a worker on the national living wage, according to an analysis published by the Equality Trust as it steps up its campaign for new government rules to expose pay gaps. The charity used annual reports from 2015 for all the companies in the FTSE 100 to calculate that their CEOs pocket an average of £5. 3m each year, compared with £13,662 for someone on the national living wage of £7. 20 an hour. – Guardian.