Full List Of Stories
Sanne to buy Texas-based STRAIT for up to $45m, raise £80m in placing
Sanne said on Wednesday that it has agreed to buy Texas-based STRAIT, a private equity and hedge fund administration business, for up to $45m, as it announced a placing to raise around £80m to push ahead with its acquisition strategy.
FTSE 250 movers: Carnival cruises higher after Q1 update; Cineworld drops
London’s FTSE 250 was up 0. 8% at 22,166. 86 in afternoon trade on Wednesday.
Carnival Q1 loss widens but bookings rise on pent-up demand
Carnival shares cruised higher on Wednesday after the company said it expects to report a wider first-quarter loss due to the pandemic, but that bookings are up on last year amid pent-up demand.
FTSE 100 movers: Just Eat rallies; Flutter loses ground
London’s FTSE 100 was up 0. 9% at 6,885. 92 in afternoon trade on Wednesday, with sentiment underpinned by recovery hopes.
Petrofac extends banking facilities, says net debt will be better than expected
Petrofac shares surged on Wednesday after the oilfield services provider said it has extended $700m of its banking facilities and that net debt is set to be better than expected.
Prosus to sell 2% stake in China’s Tencent
Dutch technology investment company Prosus said on Wednesday that it plans to sell a 2% stake in Chinese technology conglomerate Tencent worth around $15bn.
Fox in legal dispute with Flutter over FanDuel stake
Flutter Entertainment confirmed on Wednesday that it is in a legal dispute with Fox Corp over its option to buy an 18. 6% stake in US sports betting group FanDuel.
London midday: Stocks maintain gains on recovery hopes, services data
London stocks were still firmly in the black by midday on Wednesday, with sentiment underpinned by recovery hopes and an encouraging reading on the services sector.
HSS Hire to sell Irish plant hire business for €11.2m
Tool and equipment hire company HSS Hire has agreed to sell its Irish large plant hire business, Laois, to Briggs for €11. 2m in cash.
UK services sector returns to growth in March
The UK services sector returned to growth in March as new orders rose ahead of lockdown easing, according to a survey released on Wednesday.
Ryanair narrows full-year loss expectations
Budget airline Ryanair narrowed its full-year loss expectations on Wednesday but said traffic for FY22 was set to be towards the lower end of its guidance as it continues to take a hit from Covid restrictions.
Marston's secures covenant waivers as 700 pubs set to reopen
Marston’s said on Wednesday that it has secured waivers and amendments to its financial covenants and that it expects to reopen around 700 of its pubs in England with outdoor spaces next Monday.
London open: Stocks rise on recovery hopes; services data eyed
London stocks rose in early trade on Wednesday amid recovery hopes, as investors eyed the latest reading on the UK services sector.
Diamond sales at Anglo’s De Beers fall in third cycle
Anglo American said on Wednesday that the value of rough diamond sales at its De Beers unit fell in the third cycle of the year, in line with expectations.
London pre-open: Stocks seen up ahead of services PMI
London stocks were set to rise at the open on Wednesday as investors eye the latest reading on the UK services sector.
Wednesday newspaper round-up: Gambling firms, hospitality sector, M&G
Gambling firms have profited during the pandemic but are leaving the NHS to “pick up the pieces” of addiction and should be hit with a compulsory levy to fund treatment, the head of mental health in England has said. Claire Murdoch – national mental health director for NHS England – denounced the voluntary system that lets the industry dictate how much it contributes to helping addicts. - Guardian.