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London pre-open: Stocks seen lower on US rate cut worries
London stocks were set to fall at the open on Wednesday following a downbeat close on Wall Street, as doubts over US interest rate cuts grew following solid economic data.
Hilton Foods sees profits jump 20% on seafood performance
Meat, seafood and meat alternatives group Hilton Foods saw profits rise by a fifth in 2023 despite modest top-line growth. helped by the turnaround in its seafood business.
Wizz Air passenger numbers rise in March, Hilton Foods profits grow
London open The FTSE 100 is expected to open 25 points lower on Wednesday, having closed down 0. 22% on Tuesday at 7,935. 09.
Wednesday newspaper round-up: Thames Water, Shell, Nationwide
A bond issued by Thames Water’s parent company has fallen to record lows as the embattled company scrambles to secure its future, and the government signalled it is “ready to step in if necessary”. The £400m bond, issued by the water supplier’s parent company, Kemble, has slumped to only 14. 4p after shareholders indicated that they were unwilling to inject further funds into the heavily indebted utility company. – Guardian.
Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners
Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.
Europe close: Stocks slip at the start of Q2
European shares finished the first session following the Easter break lower on the back of weaker eurozone manufacturing survey data for March.