Latest News
M&G reports H1 net outflows of £1.5bn
Investment manager M&G reported net outflows of £1. 5bn for the six months ended 30 June, excluding its Heritage division, a marked difference compared to net inflows of £700. 0m at the same time a year earlier.
Indivior CUD study fails to meet primary and secondary endpoints
Drugmaker Indivior said on Wednesday that the primary and secondary endpoints of Aelis Farma's clinical Phase 2B study of AEF0117 use in participants with cannabis use disorder had not been met.
Coats completes pension scheme de-risking
Industrial thread maker Coats Group said it had completed de-risking its UK defined benefit pension scheme by purchasing a £1. 3bn bulk annuity policy.
Europe open: Shares slump as recession fears return
European shares fell sharply at the open as worries about growth in the US and China dampened sentiment after weak data prints overnight.
London open: Stocks slide after heavy Wall St losses
London stocks slid in early trade on Wednesday, taking their cue from a heavy selloff on Wall Street on the back of poor manufacturing data, with sharp falls for Nvidia also weighing on sentiment.
Hilton Food reports first-half profit growth, statutory revenue slides
Hilton Food Group reported strong first-half profit growth and increased volumes on Wednesday, although revenue slid more than 8% on a statutory basis.
Alpha Group confident after first half growth
Alpha Group International reported a strong first-half financial performance on Wednesday, with revenue growth across its divisions and a solid profit increase, despite challenging market conditions.
Direct Line misses profit expectations despite price hikes
UK home and car insurer Direct Line returned to profit but missed earnings expectations for the half-year as sharp price hikes saw customers shop for better deals.
Segro to buy Tritax for £1.1bn including debt
Segro said on Wednesday that it has agreed to buy rival Tritax EuroBox in a deal with an implied enterprise value of around £1. 1bn including debt.
China services activity slows as firms fret about costs - Caixin survey
China services sector activity showed slower growth last month as firms cut staffing in response to concerns about higher costs, according to a private survey published on Wednesday.
London pre-open: Stocks seen lower after US selloff
London stocks were set to fall at the open on Wednesday following a heavy selloff on Wall Street on the back of poor manufacturing data.
Barratt reports sharp fall in profit, Hilton Food in line after first half
London open The FTSE 100 is expected to open 78 points lower on Wednesday, having closed down 0. 78% on Tuesday at 8,298. 46.
Wednesday newspaper round-up: Councils, Apple, offshore wind farms
Spending on the UK live music sector and associated businesses has hit a record £6. 1bn as a wave of huge acts from Elton John to Beyoncé cashed in on the pent-up demand to attend shows in person. Live, the federation representing Britain’s live music industry, revealed that the sector’s contribution to the UK economy topped £6bn for the first time last year, as fans denied live experiences in the Covid pandemic rushed to snap up tickets. – Guardian.