Market Report
CBRE to buy Telford Homes for £267.4m
US real estate company CBRE Group has agreed to buy Telford Homes in a deal that values the UK property group at £267. 4m.
Purplebricks losses widen; US exit confirmed
Online estate agent Purplebricks said on Wednesday that it will withdraw from the US as it reported a widening of its full-year losses.
Synthomer agrees to acquire Omnova Solutions
Speciality chemicals company Synthomer has agreed to acquire Omnova Solutions as part of a $473m deal aimed at strengthening its global footprint.
Europe open: Stocks see slight gains ahead of US jobs data
Stocks on the Continent are moving slightly higher at the start of trading, tracking small gains on Wall Street overnight, even as traders mull what the pick of International Monetary Fund managing director, Christine Lagarde, as the next head of the European Central Bank, might mean for monetary policy going forward.
London open: Weaker pound underpins stocks as investors eye services data
London stocks rose in early trade on Wednesday, underpinned by a weaker pound, as investors eyed the latest reading on the UK services sector, particularly after this week's dismal manufacturing and construction figures.
Smiths Group completes second pension buy-in with Canada Life
Smiths Group announced on Wednesday that the trustee of the Smiths Industries Pension Scheme has entered into a bulk annuity buy-in agreement with Canada Life.
Unite to buy Liberty Living in £1.4bn cash and share deal
Student accommodation provider Unite has agreed to buy Liberty Living from the Canada Pension Plan Investment Board (CPPIB) in a £1. 4bn cash and share deal.
London pre-open: Stocks to edge higher ahead of services data
London stocks were set to edge up at the open on Wednesday as investors eyed the latest reading on the UK services sector, particularly after this week's dismal manufacturing and construction figures.
Sainsbury's first quarter sales fall 1.6pc, Serco fined for overcharging UK government
London open The FTSE 100 is expected to open 19 points higher on Wednesday, having closed up 0. 82% at 7,559. 19 on Tuesday.
Wednesday newspaper round-up: Facebook, gambling firms, Tesla, new homes
Facebook’s plans for a global cryptocurrency, Libra, will warrant close scrutiny by governments across the world, according to one of the UK’s most senior financial regulators. Christopher Woolard, the executive director of strategy and competition at the UK’s Financial Conduct Authority (FCA) highlighted a series of potential issues with the digital currency, from consumer protection and privacy concerns to financial market stability. – Guardian.