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Redrow names Richard Akers as chairman-designate
Housebuilder Redrow said on Wednesday that Richard Akers would be the group's next chairman, taking over from John Tutte following the publication of the firm's full-year results on 15 September.
Carnival works towards possible restart for select US sailings in July
Cruise ship operator Carnival said on Wednesday that it was working toward plans for a possible restart of US sailings on select ships in July.
London open: Stocks gain after UK GDP data; US inflation eyed
London stocks rose in early trade on Wednesday following heavy losses in the previous session, as investors mulled the latest UK GDP reading.
Vesuvius Q1 steel production levels push revenues higher
Engineering group Vesuvius said on Wednesday that steel production had increased during the first quarter of 2021, leading to revenue growth.
Tui reports €1.5bn loss, says annual revenue to fall
Tui plunged to a €1. 5bn (£1. 3bn) first-half loss and said it expected annual revenue to fall in the current year because of travel restrictions and reduced expectations for the summer season.
Airtel Africa delivers strong FY revenue and profit growth
Telecommunications provider Airtel Africa said on Wednesday that it had delivered continued strong revenue growth and increased profitability in the year ended 31 March.
Future buys Marie Claire US for undisclosed sum
Media platform Future said it had bought Marie Claire US, a joint venture between Marie Claire Album SAS and Hearst Magazines Media, for an undisclosed sum.
Spirax-Sarco reports better-than-expected margins in new year
Spirax‐Sarco Engineering said margins in the four months to April 30 were higher than expected after a rise in sales.
UK economy shrinks 1.5% in Q1 but bounces back in March
The UK economy contracted in the first quarter as Covid restrictions and the third lockdown weighed, but rebounded in March, according to figures released on Wednesday by the Office for National Statistics.
Flutter's US boss quits, affecting listing plans
Flutter Entertainment said the boss of its US FanDuel operation had resigned and that his departure would affect the timing of a potential listing for the business in the US.
London pre-open: Stocks seen weaker as investors mull GDP
London stocks were set to fall again on Wednesday following the selloff in the previous session, as investors mull the latest UK GDP reading.
Compass repaying furlough cash, Diageo trading picks up in second half
London open The FTSE 100 is expected to open 10 points lower on Wednesday, having closed down 2. 47% on Tuesday at 6,947. 99.
Diageo restarts £4.5bn capital return plan as trading recovers
Diageo has restarted its £4. 5bn plan to return capital to shareholders after the drinks maker's business continued to recover in the second half of its financial year.
Wednesday newspaper round-up: Greensill, HS2, Just Eat Takeaway
David Cameron lobbied ministers and senior officials 56 times at the height of the pandemic in an increasingly desperate attempt to beg the government to support a controversial bank he worked for and owned a stake in. The scale of the former prime minister’s chummy lobbying – by text, WhatsApp, email and phone calls – on behalf of Greensill Capital was revealed by Parliament’s Treasury select committee on Tuesday. - Guardian.