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Sainsbury's agrees price for Highbury and Dragon investment vehicles
Sainsbury's said on Wednesday that it is in talks with LXi REIT to sell 18 supermarket stores for around £500m on a sale and leaseback basis and that if the deal goes through, it will use the proceeds to part-fund the acquisition of the 21 stores in the Highbury and Dragon investment vehicles.
Business energy bills to be capped during winter months
Business energy bills are to be discounted for six months, the government confirmed on Wednesday, in response to surging wholesale energy prices.
Ten Entertainment H1 sales surge
Ten-pin bowling centre operator Ten Entertainment Group said on Wednesday that sales had surged in the six months ended 26 June, beating both prior year comparators and 2019's pre-Covid level.
French billionaire Xavier Niel snaps up 2.5% stake in Vodafone
Atlas Investissement, an investment vehicle of French billionaire businessman Xavier Niel, has snapped up a 2. 5% stake in Vodafone.
Petershill Partners H1 partner distributable earnings rise
Private equity firm Petershill Partners said on Wednesday that interim partner distributable earnings had risen as the group delivered on its plan despite an "uncertain" economic backdrop.
Truss to announce stamp duty cut - report
UK housebuilders rallied on Wednesday following a report that Friday’s mini-budget could include a plan to cut stamp duty.
Government borrowing outstrips forecasts
Public borrowing far outstripped forecasts in August, official data showed on Wednesday, as the cost of servicing debt surged.
Europe open: Shares flat as Russia mobilisation, Fed hit sentiment
European shares hovered above the flatline, with mixed performances across the continent as investors fretted over a likely rise in US interest rates and the mobilisation of extra Russian troops as the war in Ukraine looked set to intensify.
London open: FTSE nudges up ahead of Fed announcement; housebuilders rally
London stocks nudged higher in early trade on Wednesday, underpinned by strength in the housebuilding sector, as investors braced for another big rate hike by the US Federal Reserve.
City Pub calls for more work visas as trading improves
City Pub Group has called on the government to issue more work visas to foreign nationals to alleviate labour shortages as it said trading had returned to pre-covid levels “albeit with a rising cost burden”.
Enteq warns on FY MWD profits
Energy services technology and equipment supplier Enteq warned on Wednesday that full-year revenues and profits from its Measurement While Drilling products will be below previous expectations.
Land Securities issues update on Central London portfolio
Real estate investment trust Land Securities provided an operational and development update on its Central London portfolio on Wednesday.
Tritax Eurobox appoints Phil Redding as fund manager as Preston steps down
Tritax EuroBox said Nick Preston had stepped down as fund manager and replaced by Phil Redding, a Partner of Tritax Management LLP.
LXi REIT in talks with Sainsbury's about £500m store portfolio acquisition
LXi REIT confirmed on Wednesday that it is in talks with Sainsbury’s about the potential acquisition, on a sale and leaseback basis, of a portfolio of 18 grocery store assets for around £500m and said that this could be funded in part through an equity raise.
Bytes Technology continues to trade 'strongly' in H1
Bytes Technology said on Wednesday that it continued to trade "strongly" in the first half of the year, as it struck an upbeat note on its outlook.
AstraZeneca's severe asthma treatment gets EU approval
Drugmaker AstraZeneca said on Wednesday that Tezspire, its severe asthma treatment, had received EU approval for use as an add-on maintenance treatment in patients 12 years and older.
France's Schneider Electric to buy Aveva in £9.5bn deal
France’s Schneider Electric said on Wednesday that it has agreed to buy London-listed software firm Aveva in a £9. 5bn deal.
Unite Group disposes of six properties in Aberdeen
Student accommodation provider Unite Group has disposed of a portfolio of six properties in Aberdeen for £33. 0m, in line with prevailing book value and reflecting a passing net operating income yield of 6. 0% for the 2022-23 academic year.
JD Sports reaches truce with former CEO, Unite disposes of six properties in Aberdeen
London pre-open The FTSE 100 was being called to open 12. 3 points lower ahead of the bell on Wednesday after closing 0. 61% lower in the previous session at 7,192. 66.
London pre-open: Stocks to dip ahead of Fed announcement
London stocks were set to dip at the open on Wednesday following heavy losses in the previous session and a downbeat day on Wall Street, as investors braced for another big rate hike by the US Federal Reserve.