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FTSE 250 movers: Cheers for M&B, Moonpig slumps on sales downgrade
FTSE 250: 18,975. 98, down 0. 65% at 1515 GMT.
Moonpig shares dive as FY revenue forecast lowered, H1 profits halved
Greetings card maker Moonpig on Wednesday lowered full-year sales forecasts as it warned that trading conditions had become “progressively more challenging” through October and November and Royal Mail Strikes had also hit orders.
China Nov exports, imports fall more than expected
China’s dollar-denominated exports in November fell a more than expected 8. 7% year on year to $296bn, compared with a decline of 0. 3 per cent in October, according to official data released on Wednesday.
Europe midday: Shares lower as China data hits sentiment
European stocks were lower at midday on Wednesday as even China’s lifting of Covid curbs failed to lift the gloom over a probable continuation of interest rate hikes amid weak growth in the eurozone.
Eurozone Q3 GDP revised upwards
Economic growth for the eurozone economy in the third quarter has been revised upwards from preliminary estimates, driven by fixed capital investment and household spending.
Europe open: Shares fall as China data offsets easing of Covid curbs
European stocks opened lower on Wednesday as even China’s lifting of Covid curbs failed to lift the gloom over a probable continuation of interest rate hikes amid weak growth in the eurozone.
Baltic Classifieds interim profits up on strong revenues
Online advertising group Baltic Classifieds reported a rise in interim profits driven by all its business units.
UK's CMA drops probe into Mitie over detention centre contracts
Britain’s competition regulator has dropped a probe into outsourcer Mitie over a procurement process for immigration removal centre contracts run by the Home Office, the company said on Wednesday.
FTSE 250 movers: No greetings for Moonpig; Paragon in the money
FTSE 250: 19,139. 92, down 0. 98% at 1625 GMT.
SSP swings to profit as travel recovers
Travel food outlet operator SSP Group swung to a full year profit as passenger numbers rebounded from the Covid pandemic during the summer and said the new financial year has started well with sales strengthening further to an average of 104% of 2019 levels in the first eight weeks.
Europe midday: Shares still lower after EZ manufacturing PMIs
European shares opened lower on Tuesday as strong services data in the US suggested that policymakers may have to maintain an aggressive stance on interest rates.
Europe open: Shares slip after strong US services data
European shares opened lower on Tuesday as strong services data in the US suggested that policymakers may have to maintain an aggressive stance on interest rates.
Airtel Africa signs new $194m bank facility
Telecoms and mobile money services provider Airtel Africa said it had signed a new $194m facility with International Finance Corporation (IFC), a sister organisation of the World Bank and a member of the World Bank Group.
MAM holds guidance, to make £67m pension fund contribution
Morgan Advanced Materials maintained full-year guidance and said it was making a £67m contribution towards its defined benefit pension scheme top free up cash flow.
Coats buys £350m bulk annuity policy from Aviva
Industrial thread maker Coats Group said the trustee of its UK pension scheme had purchased a £350m bulk annuity policy from Aviva.
FTSE 250 movers: Savills slumps, Home REIT paddled by The Boatman
FTSE 250: 19,370. 63, up 0. 04% at 1515 GMT.
Vodafone CEO Nick Read to step down
Vodafone said chief executive Nick Read would step down at the end December after a year in which the telecoms group as seen its share price plummet and activist investors attack its growth strategy.
EZ October retail sales fall 1.8% month-on-month
Eurozone October retail sales fell 1. 8% compared with September, according to data released by the EU on Monday.
Europe midday: EZ data hits sentiment as bloc faces recession
European shares were in the red after eurozone retail sales and business survey data showed the regional economy was headed for a recession.
UK November new car sales up 23.5% - SMMT
UK November new car registrations grew by more than a fifth year on year, the fourth successive increase, according to industry data released on Monday.