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London open: Stocks dip as UK economy contracts more than expected
London stocks dipped in early trade on Wednesday as investors mulled weaker-than-expected UK GDP data and looked ahead to the latest US inflation reading.
Renishaw delays full-year results, reiterates guidance
Engineering company Renishaw said on Wednesday that it was delaying the publication of its results for the year to 30 June 2023 until 19 September.
Tullow Oil narrows output guidance as H1 profits drop
Oil and gas group Tullow Oil said profits more than halved in the first six months of 2023 on the back of a significant drop in crude prices, as it disappointed the market with lower-than-expected output guidance for the full year.
888 appoints Sean Wilkins as CFO
William Hill and Mr Green owner 888 said on Wednesday that it has appointed Sean Wilkins as chief financial officer with effect from 1 February 2024.
UK GDP shrinks more than expected in July
The UK economy contracted more than expected in July as strikes and poor weather took their toll, according to figures released on Wednesday by the Office for National Statistics.
London pre-open: Stocks seen lower as GDP shrinks more than expected
London stocks were set to fall at the open on Wednesday following downbeat US and Asian sessions, as investors mulled the latest UK GDP figures.
Unite to invest £95m in new Glasgow student accommodation
Student accommodation manager and developer Unite is buying up a new 800-bed development scheme in central Glasgow, increasing its portfolio in the city to 3,000 beds.
Aviva sells stake in Singlife, debt instruments to Sumitomo for £0.8bn
UK insurer Aviva on Wednesday said it had agreed to sell its 25. 9% stake in Singapore Life Holdings (Singlife), together with two debt instruments, to Sumitomo Life for £800m in cash.
Aviva offloads stake in Singlife, St James's Place confirms new CEO rumours
London open The FTSE 100 is expected to open 20 points lower on Wednesday, having closed up 0. 41% on Tuesday at 7,527. 53.
DiscoverIE buys Slovakia's 2J Antennas for £45m
International customised electronics designer and maker discoverIE Group said it had bought Slovakia-based 2J Antennas Group (2J), for €52. 5m (£45m) on a debt free, cash free basis.
Prudential's Mark FitzPatrick appointed new CEO at St James's Place
Investment management firm St James's Place has confirmed recent rumours that it is replacing its long-running chief executive officer Andrew Croft with former Prudential boss Mark FitzPatrick.
Wednesday newspaper round-up: Pensions, Apple, interest rates
Treasury officials are discussing a one-off break from the pensions triple lock that could save £1bn by preventing a bumper 8. 5% increase in the state pension next year. The government is considering stripping out public sector bonuses that were awarded to workers to prevent strikes over the summer from the calculation that determines the annual rise in pensions. – Guardian.