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Snap planning to cut 20% of its workforce - report
Snapchat parent Snap is reportedly planning to cut 20% of its workforce as it looks to cut costs.
US pre-open: Stocks seen mixed ahead of ADP report
US stocks looked set for a mixed open on Wednesday following heavy losses in the previous session, as investors eyed the latest ADP employment report.
Euro area core consumer prices rise more quickly than expected in August
The cost of living in the euro area picked up a tad more quickly than anticipated during the month of August, driven by gains for food, non-industrial goods and services' prices.
German unemployment ticks higher in August
German unemployment ticked higher in August as expected, as Ukrainian refugees joined the country’s workforce, according to figures released on Wednesday by Destatis.
Europe open: Stocks modestly lower in early trading ahead of CPI release
Stocks were trading a bit lower across the Continent in the early part of the session as traders waited on the release of euro area consumer price data.
Cake Box tumbles after profit warning
Cake Box shares tumbled on Wednesday after the specialist cream cakes retailer warned on profits.
London open: FTSE falls as shop price inflation hits new high
London stocks fell in early trade on Wednesday as investors continued to fret about inflation and an economic slowdown.
Shoe Zone upgrades FY profit guidance on strong demand
Shoe Zone upgraded its full-year profit guidance on Wednesday as it highlighted strong demand.
Asda to buy Co-op's petrol forecourt business in £600m deal
Asda confirmed on Wednesday that it has agreed to buy Co-op’s petrol forecourt estate for around £600m.
China PMIs point to continued slowdown in August amid dearer energy, Covid restrictions
Economic activity in Asia's largest economy continued to slow in August, amid higher energy costs and Covid-19 restrictions, the results of two closely followed surveys revealed.
Value of rough diamond sales at Anglo's De Beers dips in seventh cycle
The value of rough diamond sales at Anglo American’s De Beers dipped to $630m in the seventh cycle of the year from $638m in the sixth.
UK shop price inflation hits a new high in August
UK shop price inflation hit a new high in August as the war in Ukraine pushed up the cost of food, according to figures released on Wednesday by the British Retail Consortium and NielsenIQ.
London pre-open: Stocks seen up after Tuesday's losses
London stocks were set to rise at the open on Wednesday following losses in the previous session.
Value of rough diamond sales at Anglo's De Beers dips; Dalata back in the black
London pre-open The FTSE 100 was called to open 15 points higher at 7,376.
Wednesday newspaper round-up: Food price inflation, London Underground, Wise
The rapidly rising price of food including milk, margarine and crisps pushed August shop price inflation to the highest levels since 2008 as the war in Ukraine raised costs for farmers. Prices in shops rose by 5. 1%, a big increase from 4. 4% in July, as food producers passed on increases in the cost of fertiliser, wheat and vegetable oils, large amounts of which are produced in Ukraine and Russia, according to data from the British Retail Consortium (BRC) and market research firm NielsenIQ.
US close: Stocks close weaker despite upbeat data
US stocks closed in negative territory on Tuesday, adding to the losses it recorded in the previous session, despite the release of a batch of better-than-expected economic data.