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Ted Baker owner Authentic strikes deal to relaunch brand online
Ted Baker's owner and retail conglomerate Authentic Brands Group has announced a deal with its US partner to relaunch the brand as a pure-play online retailer later this year after its final bricks-and-mortar stores closed this week.
GSK upbeat on Zantac litigation development, Japan approvals
GSK announced a number of developments on Wednesday, firstly welcoming a decision from the Delaware Supreme Court to review a lower court ruling that allowed the introduction of expert evidence in the ongoing litigation over ‘Zantac’, or ranitidine.
London open: Stocks nudge up ahead of Nvidia earnings
London stocks nudged higher in early trade on Wednesday following a positive close on Wall Street, as investors eyed results from US chip maker Nvidia.
Wood Group agrees sale of EthosEnergy, CEC Controls for $165m
Wood Group said on Wednesday that it has agreed the sale of two businesses for around $165m as part of its programme to dispose of non-core businesses.
Hochschild keeps targets after strong H1, hints at capital return next year
Americas-focused precious metals producer Hochschild Mining has reiterated its output guidance despite operations at its newly opened Mara Rosa mine running slowly, as it swung into profit for the first half on the back of rising commodity prices, lower costs and a reduction in impairment charges.
London pre-open: Stocks seen up ahead of Nvidia earnings
London stocks were set to rise at the open on Wednesday following a positive close on Wall Street, as investors eyed results from Nvidia.
Frasers takes 14.65% stake in Australia's Accent Group
Frasers Group said it had taken a 14. 65% stake in Accent Group, a retail and distribution business in Australia and New Zealand’s performance and lifestyle market.
Frasers buys into Accent Group, Prudential on track with medium-term profit targets
London open The FTSE 100 is expected to open 17 points higher on Wednesday, having closed up 0. 21% on Tuesday at 8,345. 46.
Prudential maintains profit targets after "resilient" first half
Insurance giant Prudential said it is on track to hit its medium-term profit targets after a solid first half, and announced an acceleration in sales momentum since the period-end.
Wednesday newspaper round-up: Water companies, Hargreaves Lansdown, Klarna
Water companies will struggle to raise the billions of pounds needed to clear Britain’s waterways and fix its creaking infrastructure under the regulator’s plan to keep a lid on rising water bills, the industry will warn. The water sector’s trade association is expected to warn the industry regulator that its proposals to cap the steady rise in household bills by curbing water company spending may drive away the investors needed for a multibillion-pound overhaul of water infrastructure.