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Kingfisher buys online platform NeedHelp, Melrose trading at top of expectations
London open The FTSE 100 is expected to open 29 points higher on Wednesday, having closed up 1. 55% on Tuesday at 6,432. 17.
London pre-open: Stocks seen higher as investors eye spending review
London stocks were set to rise at the open on Wednesday following a solid session on Wall Street, as investors eye Chancellor Rishi Sunak’s spending review.
Wednesday newspaper round-up: Debenhams, pubs, retailers
The government has privately admitted the UK faces an increased likelihood of “systemic economic crisis” as it completes its exit from the European Union in the middle of a second wave of the coronavirus pandemic. A confidential Cabinet Office briefing seen by the Guardian also warns of a “notable risk” that in coming months the country could face a perfect storm of simultaneous disasters, including the prospect of a bad flu season on top of the medical strains caused by Covid.
Melrose reports trading at top of expectations
Melrose Industries said it was trading at the top of board expectations helped by a recovery in automotive markets but the company was cautious about the outlook.
Kingfisher buys online platform Needhelp for €10m
B&Q owner Kingfisher said it had bought online European home improvement services platform NeedHelp for €10m (£9m).