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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.