Market Pulse
Tesco turnaround continues but Lewis warns of investment drag on profits
Tesco broke back into the black with a £162m pre-tax profit that marked a turnaround from the previous year's record £6. 3bn loss, also delivering the first annual volume growth in five years.
Europe open: Basic resources pace the advance after China data
European stocks pushed higher in early trade, with basic resources pacing the advance after encouraging Chinese trade data.
Premier Foods tanks as McCormick walks away from bid
Shares in Mr Kipling and Oxo owner Premier Foods tumbled on Wednesday as US-based McCormick & Co. said it did not intend to make an offer for the company.
Sports Direct hits out at Guardian
Sports Direct hit out at the Guardian on Wednesday morning, defending its new shop-and-office property deal on Oxford Street in London’s West End.
WS Atkins to meet full year expectations
WS Atkins said it traded well through the fourth quarter and expects underlying results for the year to the end of March to be in line with views.
Grainger nears German withdrawal after agreeing portfolio sale
Residential landlord Grainger has agreed to offload the majority of its remaining German properties for a cut-price €53m (£42. 4m) as it looks to focus solely on the UK private sector.
Finance chief Read retiring from SEGRO
SEGRO’s group finance director Justin Read announced his intention to retire on Wednesday, having served in the position since August 2011.
China's exports surge in March
China’s yuan-denominated exports rose 18. 7% in March compared to the same month a year ago, marking their biggest increase in over a year, according to customs data.
WH Smith reports best high street performance 'in years'
WH Smith reported a jump in earnings on Wednesday, with profit across the FTSE 250 retailer improving in the six months to 29 February.
London pre-open: Stocks seen higher after China trade data
London stocks were set for a positive open on Wednesday, taking their cue from an upbeat session in Asia after encouraging Chinese trade data.