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Europe midday: Shares shrug off weak eurozone PMI data
European stocks continued their recovery on Wednesday after sharp sell-offs on earlier in the week, despite a small tightening of Covid-19 restrictions in the UK and PMI readings in the eurozone area showing stalling demand.
SSP warns on job losses as H2 sales plunge 86%
Upper Crust and Caffe Ritazza owner SSP Group warned of “considerable” job losses as it expected second-half sales to plummet by 86% amid the coronavirus pandemic although it lowered forecast cash burn for the period.
Europe open: Shares continue rally as investors eye PMIs
European stocks continued their recovery on Wednesday after sharp sell-offs on earlier in the week, as investors eyed eurozone PMIs and despite a small tightening of restrictions in the UK and concerns other European countries will follow suit.
Halma sees 2021 profits 5 - 10% lower as revenue trend improves
Hazard detection company Halma said it expected 2021 adjusted pre-tax profits to be 5% - 10% lower and more weighted to the second half as revenue continued to improve into the second quarter.