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Hodges to retire as ANZ deputy CEO
Australia and New Zealand Banking Group announced on Wednesday that its deputy chief executive officer Graham Hodges would retire in early May, after a 27-year career with the Melbourne-based bank.
Vedanta Resources plans for further growth after record production
Vedanta Resources reported record annual production from its Zinc India and aluminium arms, and is eyeing significant growth from oil operations that could lead to a possible reversal of previous impairments.
ASOS slumps as interim profit misses expectations, capex bumped up
ASOS was under pressure on Wednesday despite posting a 10% jump in first-half pre-tax profit, as the online fashion retailer's numbers were a little light and it announced an increase in capital expenditure to facilitate additional distribution and logistics facilities.
PageGroup posts record quarter despite some headwinds
PageGroup posted a record first quarter profit in a trading update on Wednesday, with gross profit up 12. 3%, or 10. 3% on a reported basis, to £187. 7m.
Hammerson rejects new £5.04bn offer from Klépierre
Hammerson said it had received and rejected a second bid offer from French shopping mall owner Klépierre valuing the company at £5. 04bn, although it remained "open" to further talks.
London open: Stocks in the red as investors eye Fed minutes, US inflation
London stocks fell in early trade on Wednesday as investors erred on the side of caution ahead of the release of the minutes from the latest Federal Reserve meeting, March inflation figures for the US and some key UK industrial and manufacturing data.
UK CMA to probe Trinity Mirror purchase of Express, Star titles
The UK’s competition watchdog on Wednesday said it was launching a formal investigation into Trinity Mirror’s £126m purchase of Northern & Shell's Express and Star newspapers.
Toople pries 'major contract' away from Vodafone
Telecommunications provider Toople has won another significant contract, this time with a Southern England based tyre company.
Interserve seeks shareholder approval to up borrowing limit
Support services and construction company Interserve said on Wednesday that it is seeking to convene a general meeting to obtain shareholder approval to increase its borrowing limit as it expects significant balance sheet writedowns.
McCarthy & Stone H1 profits fall 52% as Brexit worries bite
Interim pre-tax profits at retirement home builder McCarthy & Stone fell by 52% to £10. 5m as Brexit worries and “subdued conditions” hit the bottom line.
EasyJet submits revised expression of interest for Alitalia as part of consortium
Budget airline EasyJet said late on Tuesday that it had submitted a revised expression of interest for a restructured Alitalia as part of a consortium.
London pre-open: Stocks seen lower ahead of Fed minutes, US inflation
London stocks were set to fall at the open on Wednesday as investors eyed the release of the minutes from the latest Federal Reserve meeting and the March inflation figures for the US.
Wednesday newspaper round-up: IMF warning, 21st Century Fox, EDF
The head of the International Monetary Fund has warned of “darker clouds looming” for the global economy amid simmering trade tensions between the US and China, urging governments around the world to steer clear of protectionism or face negative consequences. Christine Lagarde said the current system for world trade was “in danger of being torn apart”, with the potential to upset the present global economic upswing and make consumers poorer. – Guardian.
BCA Marketplace says FY trading ahead of expectations
Webuyanycar. com owner BCA Marketplace said full year trading was ahead of expectations with “strong profit growth and with a net debt position lower than market forecasts”.