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Centaur Media swings to losses in year of transformation
Business information and specialist consultancy provider Centaur Media issues its preliminary results for the year ended 31 December on Wednesday, reporting a 9% improvement in group revenue year-on-year to £70. 5m, although on an underlying basis, revenue declined 1. 6%.
UK inflation nudges ahead but remains under Bank of England target
Inflation held steady in February, official data showed on Wednesday, further fuelling expectations that the Bank of England will leave interest rates unchanged when it meets later this week.
Costain to work with Severn Trent in next regulatory period
Infrastructure solutions provider Costain has been awarded a place on ‘Lot 1’ of the capital delivery framework by Severn Trent Water, it announced on Wednesday, as part of the delivery of Severn Trent’s £2bn capital programme for the regulator ‘Asset Management Period 7’ (AMP7).
BMW shares slide on profit warning
Shares in BMW slid on Wednesday as the German car maker warned that 2019 pre-tax profit would be "well below" the previous year's level amid rising manufacturing costs and announced a new cost-savings plan.
Genel Energy swings to losses as revenues improve
Genel Energy reported a fall in production in its full-year results on Wednesday, to 33,700 barrels of oil per day (bopd) from 35,200 bopd a year earlier, although its revenue was higher at $355. 1m from $228. 9m.
Kier Group slides amid profit and dividend drop
Kier Group's shares dived on Wednesday after the company slashed its dividend and reported it had swung to an interim loss after a leap in administrative costs.
Europe open: German Dax pumeled by losses in Bayer and BMW
Stocks on the Continent have started the morning weaker, weighed down by very weak corporate updates coming from both sides of the Atlantic, even as investors wait on the results of the US central bank's policy meeting later in the day.
OptiBiotix inks deal with DKSH for Italy and Spain markets
Life sciences company OptiBiotix Health has entered into an exclusive agreement with DKSH International to distribute its ‘SlimBiome’ proprietary weight management technology in Italy and Spain, it announced on Wednesday.
Findel reiterates rejection of Sports Direct offer
Home shopping company Findel has responded to the posting of an offer document by Sports Direct, urging its shareholders to take no action and reaffirming its view that it "significantly" undervalues the group.
Superdry founders fight back as ISS backs status quo
Superdry founder Julian Dunkerton said he was disappointed but not surprised after an influential shareholder advisory group recommended blocking his attempts to return to the clothing company's board.
Aeris Resources offers $575m for Glencore's CSA copper mine
Australian copper producer Aeris Resources has offered to buy Glencore's CSA copper mine in New South Wales for $575m.
Wednesday newspaper round-up: Brexit, BoE, Metro Bank, Superdry
No-deal contingency plans to safeguard medicine imports are set to be triggered on Wednesday, despite the potential delay to Brexit, with approved suppliers told to book space on the government’s emergency ferry service. Although the prime minister is to request an extension to article 50 which would postpone Britain’s departure from the EU, Whitehall will enact plans to ensure the flow of critical supplies should Dover be gridlocked after 29 March. - Guardian.
London open: Stocks edge lower as miners retreat amid Sino-US trade woes
London stocks fell in early trade on Wednesday, with miners pacing the decline amid fresh concerns about Sino-US trade relations.
TI Fluid Systems reports 'strong' results as EV market expands
Automotive fluid storage, carrying and delivery systems specialist TI Fluid Systems reported a “strong” set of financial results on Wednesday, with revenue growth of 2. 0% year-on-year at constant currency, or 3. 1% above global light vehicle production growth volumes, to €3. 47bn.
SimplyBiz to buy fintech platform Defaqto for £74.3m
SimplyBiz, which provides compliance and business services to financial advisers and institutions, has agreed the conditional acquisition of Regulus, the owner of fintech platform provider Defaqto, for £74. 3m.
Kingfisher profit decline smaller than expected, TI Fluid Systems profit firmer
London open The FTSE 100 is expected to open 28 points lower on Wednesday, having closed up 0. 34% at 7,314. 00 on Tuesday.
London pre-open: Stocks seen lower as Sino-US worries resurface
London stocks were set for a downbeat open on Wednesday amid fresh concerns about Sino-US trade relations and as investors eye the latest policy announcement from the Federal Reserve.
US close: Mixed performance on the Street following confliction US-Sino trade news
Wall Street trading wrapped up on a mixed note on Tuesday as investors eyed the start of the Federal Reserve's two-day policy meeting and digested conflicting trade reports.