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Canadian General Investments reports mixed performance
Canadian General Investments updated the market on its performance on Wednesday, reporting that on an unaudited basis, its net asset value per share as at 31 October was CAD 34. 71 (£20. 47), resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 22. 3% and 10. 7%, respectively.
Europe open: Markets flat as eurozone data tops expectations
European stocks were flat on Wednesday morning as eurozone data beat expectations but pointed to a tricky fourth quarter, while shares of ISS plunged as the company reined in margin expectations.
Sophos swings to loss following one-off restructuring costs
Sophos swung to an interim loss in its first half, it said on Wednesday, after an increase in revenue was offset by higher administrative expenses.
Apax Global Alpha sees 'continued momentum' in third quarter
Apax Global Alpha updated the market on its performance for the third quarter on Wednesday, reporting total net asset value return of 4. 9%, with last 12 months total net asset value return standing at 18. 0%, which it said reflected the private equity portfolio's strong performance, and currency gains.
German factory orders rise more than expected in September
German factory orders rose more than expected in September, underpinned by solid demand from countries outside the eurozone, according to figures released by Destatis on Wednesday.
Park Group confirms change to new 'Appreciate' identity
Multi-retailer redemption provider Park Group has officially changed its name, including at Companies House, to Appreciate Group, it confirmed on Wednesday.
Redrow talks up 'resilience' amid market uncertainty
Redrow said on Wednesday that for the first 18 weeks of its current financial year, trading had remained “encouragingly resilient”, despite ongoing Brexit uncertainty and relatively weak demand in the wider housing market.
London open: Footsie nudges lower as property stocks fall; M&S rallies
London stocks nudged lower in early trade, with property stocks under the cosh after a downbeat update from Intu Properties, as investors eyed fresh developments in Sino-US trade relations.
Ultra Electronics trading in line, order book development 'good'
FTSE 250 defence contractor Ultra Electronics said on Wednesday that it traded in line with expectations in the nine months to the end of September.
Revenue falls at M&S, Sophos swings to interim loss
London open The FTSE 100 is expected to open 17 points lower on Wednesday, having closed up 0. 25% at 7,388. 08 on Tuesday.
CMA approves Unite's acquisition of Liberty Living
Student accommodation provider Unite Group said on Wednesday that its £1. 4bn acquisition of Liberty Living from the Canada Pension Plan Investment Board (CPPIB) has been unconditionally approved by the Competition and Markets Authority.
London pre-open: Stocks to fall; Sino-US relations remain in focus
London stocks were set to fall at the open on Wednesday following uninspiring US and Asian sessions as investors continue to mull developments in Sino-US trade relations.
Wednesday newspaper round-up: Gambling companies, Walgreens Boots, RBS, Sports Direct
More than 9,000 of the richest people in the UK collected more than £1m each in capital gains last year, exploiting a loophole that could result in them paying tax at a rate as low as 10%. Economists at the Institute for Fiscal Studies (IFS) thinktank said wealthy professionals often chose to form companies and partnerships to be eligible for lower capital gains tax (CGT) rates rather than collect salaries that would be subject to the top rate of income tax. – Guardian.
US close: Stocks finish mixed as services data surprises
Stocks on Wall Street finished in a mixed state on Tuesday, amid continued positive comments coming out of the ongoing US-China trade talks, and after the release of some surprising economic data.