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Lok'nStore reports robust same-store performance
Self-storage operator Lok’nStore reported a robust performance in its preliminary results on Monday, as same-store self-storage revenue increased 12. 1% to £25. 3m.
Ascential to sell digital commerce business, WGSN for £1.4bn
Ascential said on Monday that it has agreed to sell its digital commerce business and its product design business, WGSN, for a combined £1. 4bn.
Premier Foods buys breakfast brand FUEL10K in £34m deal
Mr Kipling owner Premier Foods said on Monday that it has bought breakfast brand FUEL10K in a £34m deal.
Computacenter trading as expected in third quarter
Technology and services provider Computacenter said in a trading update on Monday that its third-quarter performance was in line with expectations.
Airtel Africa reports customer growth, naira devaluation bites
Airtel Africa reported robust first-half growth in both operating key performance indicators (KPIs) on Monday, as its total customer base jumped 9. 7% to 147. 7 million customers, although its financial figures were hit by the Nigerian central bank’s currency devaluation in the summer.
Frasers sells Missguided to Shein, hints at collaboration with Chinese giant
Retail conglomerate Frasers Group has sold the Missguided fast-fashion brand to Shein and hinted a further potential collaborations with the Chinese ecommerce giant – which analysts say could represent a "transformational milestone" for the British company.
Pearson lifts profit guidance despite slight Q3 slowdown
Educational publishing giant Pearson has lifted its profit guidance for the full year by £20m despite a slowdown in revenue growth in the third quarter.
GSK's Jemperli sees success in endometrial cancer trial
GSK reported encouraging outcomes from part one of the ‘RUBY’ phase three trial evaluating the efficacy of ‘Jemperli’, or dostarlimab, with standard chemotherapy for treating adult patients with advanced or recurrent endometrial cancer on Monday.
London pre-open: Stocks seen up; HSBC, Pearson results in focus
London stocks were set to rise at the open on Monday as investors continued to keep an eye on developments in the Middle East.
GSK posts positive endometrial cancer trial results, Frasers sells Missguided brand
London open The FTSE 100 is expected to open 22 points higher on Monday, having closed down 0. 86% on Friday at 7,291. 28.
Monday newspaper round-up: Interest rates, house prices, Hargreaves Lansdown
The recent rise in interest rates has been blamed for ending Britain’s wealth boom and causing total household wealth to plunge by a quarter since the Covid-19 pandemic. A report by the Resolution Foundation, a thinktank, and Abrdn, the asset manager, said the fall was due to a drop in house prices and pension pots, which account for about £4 out of every £5 of total wealth, and played a leading role in rising wealth across the country over the 40 years leading up to the pandemic.