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London open: Stocks fall as inflation data dashes rate cut hopes
London stocks fell in early trade on Wednesday as data showed that inflation fell less than expected in April, dashing hopes of a summer rate cut.
4Imprint starts year strongly, announces CFO retirement
Promotional products specialist 4imprint Group reported a strong operational and financial performance for the early part of 2024 on Wednesday, while also announcing the retirement of its chief financial officer.
UK consumer price inflation falls to 2.3% in April
Consumer price inflation fell less than expected in April, according to figures released on Wednesday by the Office for National Statistics, dashing hopes of a summer rate cut.
Playtech confident despite recent betting challenges
Playtech reported a solid start to the year across its divisions in an update on Wednesday, despite some challenges around sports results.
IntegraFin reports record levels of funds under direction
Investment platform operator IntegraFin reported a strong financial and operational first half on Wednesday, with a record high level of funds under direction (FUD) on its Transact platform of £61bn on 31 March.
British Land reports robust second-half rental growth
British Land reported robust second-half rental growth and stable property values in its final results on Wednesday, as its underlying profit rose 2% to £268m, while underlying earnings per share increased 1% to 28. 5p.
Mitchells & Butlers sees FY results at top end of expectations
Pub group Mitchells & Butlers said on Wednesday that its full-year results were set to be at the top end of consensus expectations as it reported a rise in first-half profit.
SSE reports 'strong' full-year earnings performance
SSE reported a “strong performance” in its preliminary results for the year on Wednesday, with earnings per share coming in at the top end of guidance despite profits slipping.
Severn Trent grows annual profits, lifts dividend
Water group Severn Trent said it delivered an "industry-leading performance" with strong profit and revenue growth in the year where it invested more than ever before, helping the company to lift its final dividend by 9%.
M&S FY profits, sales jump as turnaround efforts bear fruit
Marks & Spencer posted a jump in full-year sales and profits on Wednesday as the retailer’s turnaround efforts bore fruit.
London pre-open: Stocks seen lower; inflation in focus
London stocks were set to fall at the open on Wednesday as the latest figures from the Office for National Statistics showed that inflation declined less than expected in April.
RS Group's underlying profits slump 25%
RS Group saw annual profits drop by a quarter, which the industrial and electrical products provider blamed on weakness in global industrial production and the unwinding of unusual post-pandemic trading tailwinds.
RS Group annual profit drops, SSE posts solid earnings
London open The FTSE 100 is expected to open 28 points lower on Wednesday, having closed down 0. 09% on Tuesday at 8,416. 45.
Wednesday newspaper round-up: Anglesey power station, electric cars, Eurostar passengers
Ministers have earmarked north Wales as the site of a large-scale nuclear power plant, which is part of plans to resuscitate Britain’s nuclear power ambitions. Wylfa on Anglesey (Ynys Môn) has been named as the preferred site for the UK’s third major nuclear power plant in a generation, coming after EDF’s Hinkley Point C nuclear plant, which is under construction in Somerset, and its Sizewell C nuclear project planned for Suffolk. – Guardian.