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M&G profit almost halves, Balfour Beatty swings to loss
London open The FTSE 100 is expected to open 10 points higher on Wednesday, having closed up 1. 71% at 6,154. 34 on Tuesday.
London pre-open: Stocks seen lower as UK GDP plunges 20.4%
London stocks were set to fall at the open on Wednesday amid fading hopes of a US stimulus deal and as figures showed the UK economy has fallen into recession for the first time in 11 years due to the Covid-19 pandemic.
Wednesday newspaper round-up: Serco, Amazon, British Airways
The government has been urged to demonstrate there was no favouritism at play in awarding Serco a contact-tracing contract worth £108m, as a leaked memo revealed the outsourcing firm was enlisted to help with the Covid-19 response as early as January. Serco is facing growing calls to be axed from any future involvement in contact-tracing services amid concerns over the performance of private firms contracted to trace people who have mixed with infected individuals.