Headline News
UK's CMA to investigate GXO's acquisition of Wincanton
The UK’s Competition and Markets Authority said on Wednesday that it was launching an investigation into GXO Logistics’ £762m acquisition of Wincanton, which completed at the end of last month.
Uber shares fall on first-quarter update
Shares in Uber Technologies fell sharply on Wednesday, after quarterly numbers disappointed.
Mike Ashley's Fraser close to tie-up with Ted Baker - report
Mike Ashley is reportedly close to securing a deal to become the new British partner of struggling UK fashion chain Ted Baker.
Wood Group surges after rejecting £1.4bn takeover proposal from Sidara
Wood Group surged on Wednesday after saying it had rejected a 205p a share takeover proposal from Dubai-based engineering and consulting company Sidara, valuing it at more than £1. 4bn.
TSB to cut jobs, close branches
British high street lender TSB is to cut more than 200 jobs and close branches, it was confirmed on Wednesday.
Shares jump as Siemens Energy ups outlook
Shares in Siemens Energy sparked on Wednesday, after the German group upped its full-year outlook on the back of strong quarterly numbers.
Sweden's Riksbank trims interest rates
Sweden’s central bank trimmed interest rates on Wednesday, for the first time since 2016.
JD Wetherspoon sees FY profits at top of market forecast
Pub group JD Wetherspoon said on Wednesday that full-year profits were set to be towards the top of market expectations as it reported a jump in third-quarter sales, boosted by sales of traditional ales and Guinness.
Burberry CFO to take short leave of absence
Burberry said on Wednesday that chief financial officer Kate Ferry will be taking a short leave of absence after undergoing "unscheduled surgery".
Alstom to cut debt through €1bn rights issue
French train maker Alstom announced plans to raise €1bn from shareholders on Wednesday, as it looks to slash debt.
SoftBank in talks to buy UK’s Graphcore - report
Japan’s SoftBank is reportedly in talks to buy Graphcore, a struggling British semiconductor start-up once valued at $2. 8bn.
3i Infrastructure tops full-year total return target
3i Infrastructure announced a successful financial year on Wednesday, reporting an 11. 4% return for the 12 months ended 31 March, topping its target for a total return of 8% to 10% per annum over the medium term.