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Vistry sees 2021 profits soaring as govt extends relief measures
Housebuilder Vistry said it expected 2021 profits to more than double as the economy emerged from the Covid-19 pandemic boosted further by the extension of relief measures announced in the UK Budget on Wednesday.
Sunak targets business to recover billions spent on Covid measures
UK Finance Minister Rishi Sunak on Wednesday unveiled tax rises for businesses and employees as he sought to claw back some of the billions spent on mitigating the impact of the Covid-19 pandemic.
UK Budget: Brexit disruption to hit Q1 GDP by 0.5%
Brexit disruption at the start of the year will reduce British productivity by 4% over the longer term and hit first quarter GDP by 0. 5%, the Office for Budgetary Responsibility said on Wednesday.
UK Budget: UK 2021 economic growth forecast cut to 4% - OBR
Economic growth forecasts for this year were cut to 4%, reflecting the impact of the latest national Covid-19 lockdown as Finance Minister Rishi Sunak unveiled his budgetary plan for the UK's recovery from the pandemic.
Europe midday: Stocks hold gains ahead of UK budget
European shares maintained gains at midday on Wednesday as investors eyed new budget measures from the UK to help power the post Covid-19 pandemic recovery and shrugged off a survey that suggested the eurozone was headed for a double-dip recession.
Europe open: Shares maintain rally as investors eye UK budget measures
European shares continued their rally on Wednesday as London’s FTSE outperformed on hopes of stimulus measures to be unveiled in a new budget.
Daily Mail owner buys New Scientist magazine for £70m
The publisher of the Daily Mail said it had bought the weekly science and technology magazine New Scientist for £70m in cash.
WPP buys NN4M for undisclosed sum
Advertising company WPP said it had bought retail commerce services group NN4M for an undisclosed sum.
DS Smith sees trading in line with expectations
Packaging company DS Smith said trading was in line with expectations as higher box volumes were offset by a rise in input costs.
Hiscox swings to loss on higher Covid claims
Insurer Hiscox swung to a full-year loss driven by the impact of the Covid-19 pandemic and pulled its final dividend as it was hit by higher business claims after losing a court case over policy wordings last in January.