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Wednesday preview: UK services PMI, FOMC minutes, Persimmon, Ocado
Wednesday will see a monthly healthcheck for the UK's crucial services sector, the release of monetary policy minutes from the US Fed, while London's company diary picks up steam with updates from the likes of Persimmon, Ocado, McCarthy & Stone and SIG.
BT wins European Champion Cup rugby rights after losing out on cricket
BT Group has strengthened its sports broadcasting offer by winning the rights to show four seasons of the European Rugby Champions Cup and Challenge Cup, making up for a recent loss to rival Sky for England cricket rights.
UK construction growth softens amid political uncertainty
UK construction activity weakened more than expected last month, according to a survey published on Tuesday that revealed the lowest levels of optimism about growth this year.
Banks to ensure borrowers can cope with rate rises, Bank of England says
Amid new worries about sub-prime lending, the Bank of England is looking for banks to tighten up their mortgage requirements to ensure home owners can cope with a potential interest rate rise.
Magnolia Petroleum agrees USD18.5m Oklahoma investment deal
Magnolia Petroleum has stuck a deal whereby it will invest$18. 5m on behalf of a US regional investment body in exchange for taking a 29% stake in the company via a new share issue.
St Modwen interims disappoint despite optimism
Developer St Modwen Properties increased its dividend 4. 1% as net asset value grew in the first half of the year but profits shrank slightly.
Sainsbury's shines as customers demand fast-track paddling pools
Sainsbury's delivered a super start to its financial year as grocery sales growth accelerated and general merchandise, including Argos, outperformed the market.