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FCA encourages account providers to do more to support vulnerable customers
Financial watchdog The Financial Conduct Authority has encouraged account providers to do more to support those who want a bank account but don't have one, such as working with homeless charities to tailor their support to the needs of customers in vulnerable circumstances.
Barratt profits slump on weak demand, high mortgage rates
House builder Barratt reported a 75% plunge in annual profit, citing cost-of-living pressures, much higher mortgage rates and limited consumer confidence.
US pre-open: Futures trade lower following heavy losses in previous session
Wall Street futures were in the red again ahead of the bell on Wednesday as re-emerging recession fears led to heavy losses in the previous session.
Europe midday: Recession fears hammer sentiment; EZ services grow again
European shares were down sharply on Wednesday as worries about growth in the US and China dampened sentiment after weak data prints overnight.
London midday: Stocks stay down on US recession fears; UK data upbeat
London stocks were still weaker by midday on Wednesday as poor US manufacturing data reignited fears about the country’s economy, while heavy falls for Nvidia also weighed on sentiment.
Starwood Capital to buy Balanced Commercial Property in £673m deal
Balanced Commercial Property Trust has agreed to be bought by private investment firm Starwood Capital for £673. 5m.
Service activity boosts eurozone private sector in August
The eurozone's private sector experienced its fastest growth in three months during August, driven by a stronger services sector, according to the latest Hamburg Commercial Bank (HCOB) eurozone composite purchasing managers’ index (PMI) on Wednesday.
Accsys reports Q1 revenue growth amid 'good demand'
Wood building materials supplier Accsys Technologies said on Wednesday that it had experienced "good demand and revenue growth" in the first quarter as it commenced commercial operations in the USA.
Apax Global Alpha to invest EUR 12m in Altus Fire
Apax Global Alpha announced plans to invest €12m in Altus Fire & Life Safety, a provider of fire and life safety services in the northeastern United States, on Wednesday.
Eurocell profits rise by a third despite fall in sales
Eurocell, a UK manufacturer and recycler of PVC window, door, and roofline products, reported a significant increase in profits for the first half on Wednesday, despite lower sales.
Revenue rises, net profit falls for Gulf Marine Services
Gulf Marine Services has reported a 9% increase in revenue for the first half on Wednesday, reaching $80. 7m, driven by higher demand for its S-Class vessels and improved fleet day rates.
UK business activity picks up at fastest pace since April
Business activity in the UK picked up in August at its fastest pace since April, according to a survey released on Wednesday.
Wizz Air announces first A321XLR long-range route
Wizz Air confirmed its first route using the new Airbus A321XLR long-range narrowbody aircraft on Wednesday, with direct flights between Milan Malpensa and Abu Dhabi.
Asia report: Markets fall on fresh US economic jitters
Asia-Pacific markets fell sharply on Wednesday, driven by Japan’s worst single-day drop since early August amid growing recession fears following a sell-off in US tech stocks overnight, as well as weak US economic data.
FRP Advisory acquires Newcastle-based corporate finance business
Business advisory firm FRP Advisory Group said on Wednesday that it has acquired Newcastle-based corporate finance services outfit Williams Ali Corporate Finance for an undisclosed sum.
Pinewood Technologies invests $4.2m in automotive AI firm Seez
Pinewood Technologies announced a strategic investment and commercial partnership with Seez App Holding, a leading global automotive artificial intelligence (AI) company, on Wednesday.
Chapel Down slumps as CEO departs, profits slide
Chapel Down tumbled on Wednesday as it announced the departure of its chief executive and reported a drop in first-half profits and revenue.
CLS inks expanded leasing deal at Hamburg property
CLS Holdings announced a significant leasing agreement at its Fangdieckstrasse 75 property in Hamburg on Wednesday, securing over 8,900 square metres of office and laboratory space.
CAB Payments H1 profits slump as FX headwinds persist
Financial technology group CAB Payments said on Wednesday that interim profits had slumped as FX headwinds continued to weigh on earnings.
Henry Boot subsidiary receives planning permission for 290 homes
Property development business Henry Boot said on Wednesday that its land promotion and planning business, Hallam Land, has secured planning permission on appeal for 290 homes in Sittingbourne, Kent.