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Commerzbank surges as UniCredit takes 9% stake
Commerzbank surged on Wednesday after Italy’s UniCredit built a 9% stake in the German lender.
Asos slashes debt following Topshop sale
Asos has nearly halved its debt, the fast-fashion retailer confirmed on Wednesday, following the sale of its majority stake in Topshop and Topman.
Europe open: Stocks rise as investors watch data, Commerzbank jumps
European stocks rose on Wednesday ahead of a busy day for economic data, as investors eagerly awaited a monetary policy decision the following session.
Heathrow sets new monthly record for passenger numbers in August
British airport Heathrow said on Wednesday that it had set a new monthly record for passenger numbers in August, with 7. 97m people passing through its gates last month.
Firstgroup names Lena Wilson as chair
Public transport business Firstgroup has tapped Lena Wilson to take over as chair, with effect from 1 February 2025.
Strong fourth quarter boosts WH Smith
WH Smith reiterated its full-year outlook and unveiled a £50m share buyback on Wednesday, sending shares soaring in early trading, after a buoyant fourth quarter.
London open: Stocks nudge up as investors mull UK GDP figures
London stocks nudged higher in early trade on Wednesday as data showed the UK economy continued to stagnate in July.
Ascential says dividend from potential Hudson MX sales unlikely
Ascential, the B2B media and events company that's being taken over by Informa, announced on Wednesday that the sale of part-owned Hudson MX is unlikely to yield a special dividend for shareholders.
Trustpilot beats first-half expectations, launches new share buyback
Trustpilot Group reported a strong first-half performance on Wednesday, surpassing market expectations in a number of areas.
GSK's herpes vaccine candidate fails to meet primary efficacy objective
Drugmaker GSK said on Wednesday that primary objective data analysts from a phase II trial of its early-stage therapeutic herpes simplex virus vaccine candidate showed that the drug had failed to meet its primary efficacy objective.
Dunelm FY profit, sales rise despite 'softer' market
Homeware retailer Dunelm reported a rise in full-year profit and sales on Wednesday despite a "softer" market.
Rentokil warns on profits after slower peak season in North America
Pest-control giant Rentokil Initial has scaled back its profit guidance for the full year after weaker-than-expected summer trading in North America.
UK economy continues to flatline in July
The UK economy continued to stagnate in July, according to figures released on Wednesday by the Office for National Statistics.
London pre-open: Stocks seen down as UK economy continues to stagnate
London stocks were set to fall at the open on Wednesday as data showed the UK economy continued to stagnate in July.
Rightmove rejects £5.6bn takeover proposal from REA Group
Rightmove has rejected a £5. 6bn takeover proposal from Australian peer REA Group, saying it undervalues the UK property platform's future prospects.
Wednesday newspaper round-up: Port Talbot, Amazon, Tripadvisor
The British steel industry is braced for 2,500 job cuts at the Port Talbot steelworks, with thousands more jobs at risk in the UK, as the government prepares a taxpayer-backed deal for the south Wales plant. The business secretary, Jonathan Reynolds, is expected to outline on Wednesday details of a rescue deal which will see the government hand the historic Welsh plant’s owners, Tata Steel, £500m to build a new electric furnace – but at the cost of huge redundancies from the closure of its last remaining blast furnace.
Sector movers: Autos, Big Oil drop as Brent futures and US Treasury yields slide
Stocks on the FTSE 350 slumped on Tuesday led by declines in cyclical areas of the market such as Autos and Banks.