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DS Smith trading in line despite ‘challenging’ end markets
Packaging company DS Smith said on Tuesday that trading since 1 May has been in line with its expectations despite "challenging" end markets, amid continued resilient pricing and strong cost control measures.
China services growth slows to eight-month low in August
Business activity in China's services sector increased at its lowest rate in eight months in August, according to a private survey out on Tuesday.
Australia holds interest rates steady for third month in a row
Australia's central bank held rates steady for the third consecutive month as signs that inflationary pressures were easing continued.
London pre-open: Stocks seen down ahead of services PMIs
London stocks looked set for further losses on Tuesday following an uninspiring Asian session, as investors eyed the latest UK and eurozone services PMIs.
TI Fluid Systems to buy Cascade Europe, Ashtead posts record first quarter
London open The FTSE 100 is expected to open 34 points lower on Tuesday, having closed down 0. 16% on Monday at 7,452. 76.
Caledonia sells stake in 7IM to Ontario Pension Plan Board
Caledonia Investments said it was selling its majority stake in retail wealth manager Seven Investment Management (7IM), to Ontario Teachers' Pension Plan Board for £255m.
Tuesday newspaper round-up: Wilko, energy prices, pension contributions
A rescue deal to save the majority of Wilko’s stores has been put at risk as some key suppliers want outstanding debts repaid upfront to guarantee continuing to provide products to the chain. Doug Putman, who engineered a turnaround of HMV in the UK and owns Toys R Us in Canada, has been negotiating a deal to save as many as 300 of Wilko’s 400 stores, throwing a lifeline to its more than 12,000 staff. – Guardian.
PZ Cussons offers to buy out Nigeria minority stake for £23m
Consumer goods firm PZ Cussons has offered to buy out the minority-held shares of PZ Cussons Nigeria (PZCN) for £22. 8m with a plan to de-list the business from the Nigerian stock exchange.
TI Fluid buys Hungary's Cascade for €25.4m
TI Fluid Systems said it had agreed to buy Hungarian firm Cascade Engineering Europe for €25. 4m (£21. 7m) in cash.