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Citi downgrades Great Portland Estates to ‘sell’
Citi downgraded Great Portland Estates on Wednesday to ‘sell’ from ‘neutral’ as it argued that stock weakness will deepen before long-term value arises.
Vertu snaps up regional dealer in £6m deal
Vertu Motors has expanded further into the south west after agreeing to acquire a local dealership.
STV signs series development deal with NBC
Media company STV Group has signed a series development deal with NBCUniversal for "an innovative reality format" in the US.
Genuit appoints Tim Pullen as CFO
Plastic piping systems manufacturer Genuit said on Wednesday that it had appointed Tim Pullen to take over as chief financial officer with immediate effect.
Smurfit Kappa shares rise as box demand stabilises
Paper-based packaging group Smurfit Kappa on Wednesday reported a further deterioration in sales in the third quarter – but shares rose strongly as the company said recent declines in box demand had started to stabilise.
Sales lose their sparkle at Gem Diamonds
Gem Diamonds reported a fall in the number of precious stones sold during the last quarter on Wednesday, as the global market continued to struggle.
Europe open: Stocks rise, but gains limited ahead of Fed decision
European stocks rose for the third straight day on Wednesday, though gains were modest ahead of the much-anticipated Federal Reserve monetary policy decision.
Petra Diamonds deferring capital spending amid weaker pricing
Petra Diamonds unveiled a series of strategic actions aimed at enhancing its financial resilience on Wednesday in response to challenges being posed by weaker diamond prices and market uncertainties.
GSK hikes guidance after strong third quarter
GSK announced a robust third quarter on Wednesday, prompting an upgrade to its full-year guidance.
Asos warns on sales as it slumps to £300m loss
Embattled fast fashion retailer Asos posted a near £300m annual loss on Wednesday, as it warned that sales would continue to fall.
London open: Stocks edge up as Next, GSK boost outlooks
London stocks edged up in early trade on Wednesday, helped along by well-received updates from the likes of Next and GSK, as investors awaited the latest policy announcement from the US Federal Reserve.
Wood Group appoints Arvind Balan as CFO
John Wood Group said on Wednesday that it has appointed Arvind Balan as its chief financial officer and executive director with effect from 15 April 2024.
House prices unexpectedly rise in October - Nationwide
UK house prices unexpectedly rose in October amid "constrained" supply, according to a survey released on Wednesday.
AstraZeneca invests $220m in French gene-editing group Cellectis
AstraZeneca is to invest in French biopharma group Cellectis to use its gene-editing technologies to develop next-gen therapeutics in areas like oncology, immunology and rare diseases.
London pre-open: Stocks to rise ahead of Fed announcement
London stocks were set to rise at the open on Wednesday following a positive US session, as investors eyed the latest policy announcement from the Federal Reserve.
Weir reiterates guidance, GSK hikes expectations after strong quarter
London open The FTSE 100 is expected to open 37 points higher on Wednesday, having closed down 0. 08% on Tuesday at 7,321. 72.
Next boosts full-year sales guidance
Next boosted its full-year guidance on Wednesday, after third-quarter trading beat internal expectations.
Weir maintains guidance despite falling orders in Q3
Mining engineering company Weir has reiterated its guidance for "strong growth" this year despite orders slipping in the third quarter.
Wednesday newspaper round-up: WeWork, energy bill payers, The Telegraph
WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses. - Guardian.