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Angling Direct maintains 'positive sales momentum' amid pandemic
Fishing tackle and equipment retailer Angling Direct said on Wednesday that it had successfully maintained "positive sales momentum" in the year ended 31 January and now expects to report a 27% jump in full-year revenues.
Deutsche Bank downgrades InterContinental Hotels after results
Deutsche Bank downgraded InterContinental Hotels to ‘hold’ from ‘buy’ on Wednesday and cut the price target to 5,380p from 5,600p following the company’s full-year results a day earlier.
Lloyds annual profits plunge 72%, reinstates dividend
Lloyds Bank reported a 72% slump in annual profits, reflecting the impact of the Covid-19 pandemic, but reinstated dividend payments and said it would focus on its insurance and wealth businesses.
Europe open: German GDP gives shares a boost
European shares opened higher on Wednesday on the back of stronger-than-expected German economic growth, although gains were tempered by inflationary fears.
Covid-19 weighs heavily as losses widen at Metro Bank
Metro Bank saw losses widen significantly last year, as the Covid-19 pandemic dented income and saw customers default on loans.
Gooch & Housego sees improved levels of laser demand
Photonic components and systems manufacturer Gooch & Housego said on Wednesday that it had seen improved levels of industrial laser demand and further streamlining of manufacturing in the first four months of its trading year.
London open: Stocks fall as sterling rallies; Lloyds in focus
London stocks fell in early trade on Wednesday, underperforming their European peers as sterling rallied.
Aviva to exit Turkey as it sells stake in joint venture
Aviva has agreed to sell its entire 40% shareholding in its joint venture in Turkey, Aviva SA, it announced on Wednesday, to Ageas Insurance International for £122m cash.
Proactis makes 'strategically significant' progress in H1
Spend management solutions provider Proactis Holdings said on Wednesday that its progression over the six months ended 31 January had been "strategically significant".
Chancellor Rishi Sunak to extend stamp duty holiday until end of June
Chancellor Rishi Sunak will extend stamp duty holidays for a further three months until the end of June as part of an effort to keep Britain's property market going until the end of the current nationwide lockdown.
Heathrow reports £2.0bn annual loss
Heathrow Airport reported an annual loss of £2. 0bn on Wednesday, underlining "the devastating impact" of the Covid-19 pandemic on the aviation industry.
Full-year sales hit record high at Reckitt Benckiser
Reckitt Benckiser reported a surge in full-year revenues on Wednesday, after demand for cleaning and hygiene products spiked during the Covid-19 pandemic.
Greencoat UKW spends £99m on new acquisitions
Renewable infrastructure fund Greencoat UK Wind on Wednesday announced two acquisitions for £99. 5m.
Vodafone to float Vantage Towers in Frankfurt
Vodafone confirmed on Wednesday that it plans to float its European tower infrastructure company, Vantage Towers, on the Frankfurt Stock Exchange before the end of March.
Synthomer says it's not in talks about a possible offer
Synthomer said on Wednesday that it is not in talks about a possible offer for the company.
Lloyds annual profits slide 72pc, Aviva to exit Turkey joint venture
London open The FTSE 100 is expected to open 28 points lower on Wednesday, having closed up 0. 21% on Tuesday at 6,625. 94.
London pre-open: Stocks seen lower amid inflation concerns
London stocks were set to fall at the open on Wednesday, taking their cue from a weak session in Asia, amid growing concerns about inflation.
Wednesday newspaper round-up: Female directors, Oatly, accounting watchdog
London has overtaken New York as home to the highest concentration of dollar millionaires in the world, according to a report that reveals how much money the very richest people in the world have made during the coronavirus pandemic. Nearly 875,000 Londoners are dollar millionaires (denoting assets worth more than £720,000), according to an annual study of the fortunes of the world’s wealthiest people by the property consultants Knight Frank. - Guardian.