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German confidence weakens as consumers increase savings - GfK
German consumer confidence weakened more than expected this month, data from market research company GfK revealed on Wednesday, as elevated interest rates cause people to hide money away in savings accounts.
Senior secures 12-year contract extension with Rolls-Royce
FTSE 250 engineering and manufacturing group Senior said on Wednesday that its aerospace division has been awarded a 12-year contract extension with Rolls-Royce for the supply of precision machined structures and components.
Hiscox sells Thailand, Singapore ops for undisclosed sum
Specialist insurer Hiscox said it had signed a deal to sell DirectAsia, its business operations in Singapore and Thailand to Ignite Thailand Holdings for an undisclosed sum.
LandSec says demand holding up despite rising rates
Property developer Land Securities reported a rise in lettings over the first five months of the financial year as demand for office space held up, despite rising interest rates.
London pre-open: Stocks seen down after US losses
London stocks were set for a slightly weaker open on Wednesday following heavy losses on Wall Street.
Vanquis announces new finance chief, PureTech appoints chief portfolio officer
London open The FTSE 100 is expected to open 14 points lower on Wednesday, having closed up 0. 02% on Tuesday at 7,625. 72.
PureTech Health pinches Arix boss as new chief portfolio officer
Biotherapeutics company PureTech Health, which develops medicines to treat serious diseases, has appointed the boss of Arix Bioscience as its new chief portfolio officer.
Wednesday newspaper round-up: Inheritance tax, FT, Amazon
The number of first-time buyers in the UK has fallen by more than a fifth, while homes in need of renovation are most in demand as buyers look for cheaper properties, in the latest evidence that people are struggling with higher mortgage costs. There were 22% fewer first-time buyers between January and August compared with the same period last year, according to the mortgage lender Halifax. They still accounted for more than half (53%) of all home loans agreed in the first eight months of this year, similar to a year earlier (52%).
Flutter buys 51% stake in Serbia's MaxBet for €141m
Gambling company Flutter Entertainment said it had bought a 51% stake in Serbia's MaxBet for €141m (£123m), with an option to acquire the remaining 49% in 2029 based on performance.
US close: Dow tumbles on worst day in six months
Wall Street faced a challenging Tuesday, with major stock indices taking a hit due to rising concerns about hawkish statements from Federal Reserve officials and worries over escalating interest rates.