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Zigup FY revenues grow as vehicle supply improves
Automotive rental provider Zigup said on Wednesday that both revenues and earnings had grown in the year ended 30 April amid improving vehicle supply and a growing footprint.
Citi upgrades Next, hikes target price by 40%
Citi has upgraded Next from 'sell' to 'neutral' and hiked its target price by 40% on the back of an improving macro environment in the UK and the retailer's cash position.
Dekel reports strong period for palm oil operation
West African agriculture company Dekel Agri-Vision said in an update on Wednesday that its palm oil operation saw another strong financial performance in the first half, driven by robust production levels and historically high crude palm oil (CPO) prices.
Travis Perkins appoints new chief executive, chair
Travis Perkins announced the appointment of Pete Redfern as its new chief executive officer on Wednesday, and Geoff Drabble as chair designate, in two big changes to its leadership team.
London open: Stocks rise as investors eye Powell, US inflation
London stocks rose in early trade on Wednesday as investors turned their attention to Federal Reserve chair Jerome Powell’s second day of testimony to Congress and to this week’s US inflation reading.
Europe open: Shares up as investors wait on more Fed signals
European shares opened higher on Wednesday as investors eyed the second day of testimony from US Federal Reserve boss Jerome Powell.
New Zealand holds rates steady but notes easing inflation pressures
New Zealand's central bank kept interest rates steady on Wednesday for the eight straight meeting, but said it was confident inflation would return to its target range over the next six months.
Grafton revenues fall amid 'challenging' market
Building and DIY supplies group Grafton said revenue fell 4. 4% in the first six months of the year amid challenging trading conditions as consumers held back on discretionary spending.
Liontrust upbeat despite fall in assets
Liontrust Asset Management reported a fall in assets on Wednesday, but insisted it was "well placed" to benefit from an improving environment.
Diversified Energy to buy eastern Texas natural gas assets for $106m
Diversified Energy said on Wednesday that it has agreed to buy natural gas assets from Crescent Pass Energy for about $106m (£84m).
SSP holds annual guidance, Wetherspoons set to hit profit expectations
London open The FTSE 100 is expected to open 11 points higher on Wednesday, having closed down 0. 66% on Tuesday at 8,139. 81.
China inflation unexpectedly slows to 0.2%
Chinese inflation unexpectedly slowed in June, according to figures from the National Bureau of Statistics on Wednesday, adding to concerns that consumer demand is keeping a lid on the economic recovery.
HGCapital Trust sells partial stake in team.blue
HgCapital Trust said it had agreed the partial sale of its investment in tech company team. blue to the Canada Pension Plan Investment Board for an undisclosed sum.
London pre-open: Stocks seen up after Tuesday's losses
London stocks were set to rise at the open on Wednesday following losses in the previous session, as investors eyed the second and final day of Federal Reserve chair Jerome Powell’s testimony to Congress.
Wednesday newspaper round-up: Four day working week, Post Office, Linklaters
Campaigners for a four-day working week are preparing a new pilot project on flexible working in the hope that the Labour government will be more receptive to changes in how people work. The pilot project has opened to companies to sign up for a November start, with findings to be presented to the government in the summer of 2025. – Guardian.
Wetherspoons reports solid Q4 growth with sales at record levels
Wetherspoons has said it expects profits to hit market expectations as it closes out its financial year with strong sales momentum.