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Vernon Hill to step down as Metro Bank chairman
Metro Bank announced on Wednesday that its founder Vernon Hill has decided to step down from the board and his role as chairman by 31 December.
Auto Trader gobbles up automotive industry software firm KeeResources
Automotive marketplace operator Auto Trader Group announced the acquisition of KeeResources for an undisclosed sum on Wednesday.
Qinetiq more than doubles US operations with acquisition of MTEQ
Defence technology company QinetiQ has agreed to buy Manufacturing Techniques Inc. (MTEQ) in a deal that will more than double the size of its US operations.
Grafton sells specialist plumbing and heating business Plumbase
Builders’ merchant Grafton Group has sold its specialist UK plumbing and heating business, Plumbase, to Plumbing and Heating Investments Limited, for an enterprise value of £66. 75m.
Interim profits rise at Tesco, Auto Trader gobbles up KeeResources
London open The FTSE 100 is expected to open 43 points lower on Wednesday, having closed down 0. 65% at 7,360. 32 on Tuesday.
London pre-open: Stocks seen lower amid slowdown fears
London stocks were set to drop at the open on Wednesday, tracking losses in the US and Asia amid worries about a global slowdown.
Wednesday newspaper round-up: Brexit, Uber, Monzo, Amazon
Boris Johnson has struck a secret deal with the Democratic Unionist party involving radical proposals for a Belfast-Dublin “bilateral lock” on post-Brexit arrangements on the island of Ireland. Details have emerged of the prime minister’s final Brexit offer that he will lay out on Wednesday, with Northern Ireland staying under EU single market regulations for agri-food and manufactured goods until at least 2025, at which point its assembly in Stormont will decide whether to continue alignment with EU or UK standards.