Market Pulse
Wincanton extends distribution deal with Sainsbury's
Wincanton has renewed its distribution contract with Sainsbury’s, bringing the long-standing relationship between the two to over 25 years.
UBS cuts Lonmin to 'sell' on stretched valuation
UBS downgraded Lonmin to ‘sell’ from ‘neutral’ but lifted the price target to 140p from 110p, saying the valuation looks stretched following a strong share price performance.
Restaurant Group serves up CFO contract to Barry Nightingale
Barry Nightingale was appointed as chief financial officer of embattled eatery operator The Restaurant Group on Wednesday, starting with the company and joining the board on 20 June.
London pre-open: Stocks seen higher after recent losses; Fed eyed
London stocks were seen opening a little firmer on Wednesday, recouping some of the losses suffered in the last four sessions as investors await some key UK data and the Federal Reserve rate announcement.
Wednesday newspaper round-up: Osborne, BHS, Kingfisher
George Osborne will threaten today to put 2p on the basic rate of income tax, raise fuel duty and slash spending on health, education, defence and pensions in an emergency budget in the weeks after a Brexit vote. In the Remain campaign’s most explicit ultimatum to voters, the chancellor outlines tax rises and cuts to frontline services of £30 billion, which are being readied in case Britain opts to leave the European Union next week. – The Times.
Aveva ends talks with Schneider Electric
Aveva Group has walked away from a second round of talks with French suitor Schneider Electric and has applied for its share to resume trading after their suspension.