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BAT replaces Oberlander as boss of Reynolds American
British American Tobacco said Ricardo Oberlander would step down as the boss of its Reynolds US business and would be replaced by fellow BAT veteran Guy Meldrum.
Coca-Cola HBC profits fall on Covid lockdowns
Bottling group Coca-Cola HBC reported a decline in first-half profit and revenue on Wednesday as trading was dented by coronavirus lockdowns.
PageGroup swings to loss as Covid lockdowns dent activity
FTSE 250 recruiter PageGroup said on Wednesday that it swung to a loss in the first half as it took a hit from the coronavirus pandemic.
Legal & General leaves dividend unchanged, William Hill revenue slumps
London open The FTSE 100 is expected to open 36 points higher on Wednesday, having closed up 0. 05% at 6,036. 00 on Tuesday.
London pre-open: Stocks seen muted; services PMI in focus
London stocks were set for a muted open on Wednesday as investors continued to watch out for any news on a possible US stimulus package.
Wednesday newspaper round-up: CEO pay, Virgin Atlantic, Disney
Just 36 out of the UK’s 100 biggest companies reduced their chief executive’s pay in order to help their firm navigate the coronavirus pandemic and economic crisis, according to an analysis of executive pay that found FTSE-100 CEOs are now handed, on average, the same as nearly 120 full-time workers. Research by the Chartered Institute of Personnel and Development (CIPD) and the High Pay Centre published on Wednesday shows that the majority of FTSE 100 companies did not cut top executive pay, despite many of the firms turning to the taxpayer to pay the wages of furloughed workers.