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Great Portland swings to FY loss as portfolio valuation falls
Property development and investment firm Great Portland Estates has swung to a full-year loss after the value of its portfolio slipped in the twelve months ended 31 March as a result of the Covid-19 pandemic and its associated lockdown measures.
Ferguson lifts expectations after solid third quarter
Ferguson shares were well into positive territory on Wednesday morning, after it reported strong revenue growth of 24. 5% in its third quarter, to $5. 92bn (£4. 17bn), and lifted its full-year forecasts.
Coats returns to organic revenue growth, sees FY 'slightly ahead'
Industrial thread maker Coats Group said on Wednesday that its full-year performance is set be "slightly ahead" of its previous expectations as it reported a return to organic growth.
Future says annual profit to beat expectations
Future said annual results would be well ahead of market expectations after profit more than doubled in the first half.
Mitchells & Butlers losses widen as Covid shutters outlets
Harvester and All Bar One owner Mitchells & Butlers said interim losses widened as the Covid-19 pandemic and related lockdowns shuttered its estate.
Premier Foods hails 'outstanding' year, reinstates dividend after 13 years
Mr Kipling owner Premier Foods said on Wednesday that it was reinstating its dividend after 13 years as it hailed an "outstanding" year, underpinned by more at-home food consumption during the pandemic.
Severn Trent raises £250m for green projects
Severn Trent is raising £250m in equity to fund six projects agreed with the regulator to improve water quality and the environment.
Wednesday newspaper round-up: Shell, TfL, Andrea Orcel
Shell has faced a significant shareholder rebellion on a vote calling for the oil company to set firm targets to wind down fossil fuel production. A shareholder resolution calling for the Anglo-Dutch company to set binding carbon emissions reduction targets received 30% of votes at the oil company’s annual meeting on Tuesday. - Guardian.
John Laing agrees £2bn KKR takeover, Experian makes strong start to year
London open The FTSE 100 is expected to open 69 points lower on Wednesday, having closed up 0. 02% to 7,034. 24 on Tuesday.
Experian reports strong start to year after profit rises
Experian said it made a strong start to the current financial year as the company reported a 14% increase in annual profit and fourth-quarter revenue growth at the top of guidance.
London pre-open: Stocks seen lower as investors mull inflation data
London stocks were set to fall at the open on Wednesday following downbeat sessions in the US and Asia, as investors mull the latest UK inflation data.
US close: Wall Street weaker despite solid retail results
Wall Street stocks closed weaker on Tuesday, even after some solid earnings from big-box retailers including Walmart, Home Depot and Macy's.