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UK economic growth has been lifted to 6. 5% this year and 6% in 2022, said Finance Minister Rishi Sunak.
European stocks were lower on Wednesday as investors awaited the UK Budget and mulled mixed earnings reports.
European stocks opened lower on Wednesday as Wall Street closed flat and Asian markets came under pressure.
Mining company Fresnillo reported lower silver and flat gold production in the third-quarter as it warned of the impact of labour shortages and inflationary pressures.
Software group Aveva on Wednesday said first-half revenue rose 9% on a constant currency basis driven by a strong contribution from the recently acquired OSIsoft business.
HomeServe on Wednesday said it had bought CET Structures, a UK home emergency assistance business, for £53m and added that current trading was in line with guidance.
European shares extended morning gains on Tuesday, as strong earnings from Facebook overnight were augmented by solid results by UBS and Reckitt Benckiser.
European shares opened higher on Tuesday, boosted by record closes on Wall Street overnight and strong earnings from Facebook.
UK Finance Minister Rishi Sunak has confirmed reports her will lift a public sector pay freeze when he presents his budget on Wednesday.
Premier Inn owner Whitbread said interim losses narrowed as sales rebounded, with room revenues potentially hitting full recovery next year and added it was paying higher wages and a retention bonus to combat labour shortages.
Distribution and services group Bunzl said third quarter revenues rose driven by a strong recovery in its core business.
HSBC on Monday reported bumper third-quarter profits that smashed expectations as it unveiled plans for a share buyback of up to $2bn after releasing hundreds of millions set aside for expected bad loans during the Covid pandemic.
UK petrol prices hit a new record high in the UK as global oil prices continue to soar, placing further inflationary pressure on hard-pressed Britons already struggling with surging energy costs and a tax rise.
Shares in Exor jumped on Monday on reports the company had revived talks with French insurer Covea over a possible sale of reinsurer PartnerRE after the deal was scrapped last year due to the Covid pandemic.
European shares were up on Monday as investors sat on the sidelines ahead of another raft of big corporate earnings reports.
European shares were flat at the opening on Monday as investors sat on the sidelines ahead of another raft of big corporate earnings reports.
Sweden’s Volvo Cars on Monday said it was cutting its planned stock market by 20% and setting the price at the lower end of its suggested range.
Miner Petropavlovsk said third-quarter production fell 2%, but maintained full-year output guidance.
AstraZeneca said its Imfinzi drug “significantly” improved overall survival in biliary tract cancer when combined with chemotherapy, according to phase 3 trial results.
More than 35 retailers, manufacturers and investors including Tesco, John Lewis, Primark, Asos and Unilever have called on the UK government to introduce a legal requirement for companies to carry out human rights and environmental checks on their global supply chains.