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European stocks had rebounded by midday after a sluggish start on Wednesday as strong corporate updates and takeover activity boosted sentiment.
European stocks continued in downbeat mood at the opening on Wednesday as investors continued to fret about rising inflation and supply-chain issues.
Shares in footwear retailer Shoe Zone soared as the company said it expected to swing to an annual profit, but warned that Covid, supply-chain and inflationary issues still presented challenges in the next 12 months.
KPMG mounted an untruthful defence and withheld evidence from regulators as it tried to cut a fine for misconduct during the sale of bed maker Silentnight, the UK’s accounting watchdog said on Wednesday.
Online food delivery service Just Eat Takeaway. com reported a 25% rise in third quarter orders to 266 million, missing analysts’ estimates of 287 million.
Pub company Marston's reported a rebound in sales during the fourth quarter over pre-Covid pandemic levels as lockdown restrictions eased over the year.
House builder Barratt said strong demand for its homes had continued over the past three months with sales above pre-pandemic levels despite a reduction in government incentives.