Full List Of Stories
Jefferies upgrades catering groups Compass, Sodexo to 'buy'
Jefferies upgraded catering groups Compass and Sodexo on Wednesday to ‘buy’, from ‘hold’ and ‘underperform’ respectively, as it argued that the risk/reward was now more favourable.
FTSE 250 movers: Travel & leisure stocks gain; Qinetiq in the red
London’s FTSE 250 was up 1. 9% at 22,545. 16 in afternoon trade on Wednesday.
FTSE 100 movers: Next surges after update; Royal Mail slumps
London’s FTSE 100 was up 1. 8% at 7,003. 88 in afternoon trade on Wednesday.
Future sees FY profits 'materially ahead' of expectations
Magazine publisher Future said on Wednesday that full-year profitability is set to be "materially ahead" of current market expectations amid a continued strong performance.
RBC Capital upgrades Schroders to 'sector perform'
RBC Capital Markets upgraded Schroders to ‘sector perform’ from ‘underperform’ on Wednesday, hiking the price target to 3,400p from 3,000p.
London midday: Stocks extend gains as Next, Future updates lift sentiment
London stocks had extended gains by midday on Wednesday as investors mulled the latest UK borrowing figures, with solid updates from the likes of Next and Future helping to boost sentiment.
Liberum upgrades easyJet, cites attractive entry point
Liberum upgraded easyJet to ‘buy’ from ‘hold’ on Wednesday as it argued that share price weakness has created an "attractive entry point".
Mulberry swings to FY profit despite store closures
Luxury handbag maker Mulberry said on Wednesday that it swung to a profit in 2021 despite revenues being hit by Covid closures, as digital sales rose.
Foxtons considering sale of mortgage broking business
London estate agent Foxtons confirmed on Wednesday that it is considering the sale of its mortgage broking business.
Computacenter H1 profit seen up 50% despite supply shortages, FX headwinds
Computacenter said on Wednesday that it expects adjusted pre-tax profit for the first half to be around 50% ahead of the same period a year ago despite supply shortages and FX headwinds.
London open: Next surges after update as stocks rally
London stocks rose in early trade on Wednesday as investors mulled the latest UK borrowing figures, with an upbeat trading statement from Next helping to boost sentiment.
UK public sector borrowing falls in June
UK public sector net borrowing fell in June as the economy opened up again, according to figures released on Wednesday by the Office for National Statistics.
Wickes reaffirms half-year profit guidance
Wickes confirmed its half-year profit guidance on Wednesday as it reported a jump in like-for-like sales, driven by DIY and local trade, while its full-year outlook remains in line with expectations.
London pre-open: Stocks to edge up after positive Wall St session
London stocks were set to nudge up at the open on Wednesday following a positive finish on Wall Street.
Wednesday newspaper round-up: UK public services, theatres, Apple
Rishi Sunak is poised to usher in cuts to public services of up to £17bn compared with the government’s pre-pandemic plans unless he takes action this summer to increase funding, a leading thinktank has warned. The Institute for Fiscal Studies said the government was on track to spend between £14bn and £17bn less each year on a range of public services from April 2022 than had been earmarked prior to Covid-19. - Guardian .