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M&S cautious on H2 despite 52% jump in interim profit; Divi restored
UK retailer Marks & Spencer on Wednesday reinstated its dividend and delivered a 56. 2% rise in first-half profits, but warned sounded a note of caution about future trade in the run in to Christmas citing higher interest rates, weather and geopolitical events.
London pre-open: Stocks expected to slip early on
UK stocks are expected to open in negative territory on Wednesday, as markets continued to pull back after recent gains.
Wetherspoons reports strong trading, diamond sales slide for Anglo American
London open The FTSE 100 is expected to open 16 points lower on Wednesday, having closed down 0. 1% on Tuesday at 7,410. 04.
Anglo's De Beers division sees huge slide in diamond sales
Mining giant Anglo American saw another big slide in diamond sales at its latest tender of De Beers, blaming continuing macroeconomic "challenges".
Wednesday newspaper round-up: Public investment, debanking, housing crisis, recession fears
The economy is on course for another “decade in the doldrums” unless politicians increase public investment by £15 billion annually, starting at the autumn statement in two weeks’ time, a think tank has claimed. Growth is poised to limp along over the coming years and to remain far below its pre-2008 financial crisis trend, extending a 15-year squeeze on household living standards, according to the National Institute of Economic and Social Research. - The Times.