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Thursday preview: Bank of England, DS Smith in focus
All eyes on Thursday will be on the Bank of England.
Europe close: Stocks mostly lower as Brussels reprimands Paris and Rome
The ebullient close on Wall Street and a fall in UK inflation to 2% for the first time since 2021 failed to inspire European markets on Wednesday with shares sliding lower.
London close: Stocks mixed as UK inflation slows to BoE target
London stocks ended the day with mixed results on Wednesday, as new data indicated a decrease in annual consumer price inflation, aligning with the Bank of England's target of 2% for May.
Director dealings: Young's, Aminex disclose non-exec transactions
Young’s Brewery and Aminex were among the companies disclosing director dealings on Wednesday.
FTSE 250 movers: Games Workshop rallies on results; Spectris hit by profit warning
London’s FTSE 250 was flat at 20,412. 14 in afternoon trade on Wednesday.
FTSE 100 movers: Smurfit Kappa rallies; Berkeley slumps
London’s FTSE 100 was up 0. 2% at 8,203. 91 in afternoon trade on Wednesday.
Avingtrans flags record full-year revenue
Energy, medical, and industrial components, modules, systems, and services provider Avingtrans reported record revenue from continuing operations for the financial year ended 31 May in an update on Wednesday.
Maintel confident dspite slower first half
Cloud, network, and security managed communications services provider Maintel said in an update on Wednesday that it had focussed on strategic organic growth initiatives in the first five months of the year, successfully securing significant new contracts and launching new product initiatives, including the Maintel Application Platform aimed at enhancing customer offerings.
UK watchdog to probe HPE takeover of Juniper
The UK competition regulator has launched an investigation into Hewlett Packard Enterprise’s proposed $14bn takeover of Juniper Networks, it was confirmed on Wednesday.
JP Morgan to scrap bonus cap for London staff - report
JP Morgan Chase is to scrap Brussels’ cap on bonuses for its UK bankers, it was reported on Wednesday.
'Visionary' Canary Wharf chair George Iacobesu to step down
Sir George Iacobescu, Canary Wharf Group’s long-standing chair and the driving force behind the site's development, is retiring after 36 years with the company, it was confirmed on Wednesday.
Alpha FMC surges as Bridgepoint proposes 505p a share takeover
Alpha Financial Markets surged on Wednesday after saying it had received a 505p a share takeover proposal from buyout firm Bridgepoint that it would be willing to recommend.
London midday: Stocks pop higher as investors digest inflation reading
London stocks had popped into the black by midday on Wednesday as data showed that annual consumer price inflation eased to the Bank of England’s 2% target in May, but services inflation remained high.
Speedy Hire confident despite profit slump
Speedy Hire posted a slide in full-year profits on Wednesday, hit by higher costs and macroeconomic uncertainty, but struck a more optimistic note for the current year.
Games Workshop shares surge on FY profit beat
Shares in Games Workshop surged on Wednesday as the Warhammer maker said it expected a jump in annual pre-tax profits to at least £200m compared to £171m a year earlier.
Europe midday: Shares in downbeat mood despite strong Wall St
The ebullient close on Wall Street and a fall in UK inflation to 2% for the first time since 2021 failed to inspire European markets on Wednesday with shares sliding lower.
Berkeley lifts outlook, outlines plans to enter rental market
UK housebuilder Berkeley lifted its earnings outlook by 5% for the current financial year amid tough trading conditions and unveiled plans to enter the London rental market.
UK house prices rise for fourth straight month
House prices in the UK rose for the fourth month in a row in April, according to figures out on Wednesday from the Office for National Statistics.
Eurozone construction output falls 0.2% in April
Eurozone construction output fell 0. 2% in April 2024 compared with the prior month, according to flash estimates from Eurostat, the statistical office of the European Union.