Latest News
WPP acquires Newcraft, Kainos FY results seen in line with market expectations
London pre-open The FTSE 100 was being called to open 49. 3 points lower ahead of the bell on Thursday after ending the previous session 1. 05% weaker at 7,284. 15.
London pre-open: Stocks seen lower after US, Asian losses
London stocks looked set to kick off the month of September in a downbeat fashion on Thursday following losses in the US and Asia.
Thursday newspaper round-up: Spending power, workplace pensions, business rates
Households in Britain will see their spending power cut by an average £3,000 by the end of next year unless the new government acts to counter the biggest drop in living standards in at least a century, research has indicated. Adding to pressure on Boris Johnson’s successor as prime minister to tackle a worsening cost of living crisis, the Resolution Foundation thinktank said soaring energy bills would cut household incomes by 10% and push an extra 3 million people into poverty.
Kainos FY results seen in line with market expectations
IT services provider Kainos said on Thursday that its full-year results were expected to meet current market forecasts for revenues of £335. 7m-373. 4m and adjusted pre-tax profits of £62. 7m-66. 5m.
WPP acquires Dutch e-commerce consultancy
Communications and advertising giant WPP revealed on Thursday that it will acquire European e-commerce consultancy Newcraft for an undisclosed sum.
US close: Dow loses almost 300 points on fourth day of losses
Wall Street finished lower for the fourth session in a row on Wednesday, after a weaker-than-expected reading on the US jobs market from consultancy ADP.