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Inflation and dry weather hit profits at United Utilities
United Utilities reported a dip in half-year earnings on Wednesday, hit by surging inflation and the long dry summer.
Britvic full-year profits, revenues rise
Drinks maker Britvic posted a rise in full-year profit and revenue on Wednesday, hailing solid in both the retail and hospitality channels, which benefited from good weather over the summer and no lockdown restrictions.
London pre-open: Stocks seen up as investors eye Fed minutes
London stocks were set to rise at the open on Wednesday following positive US and Asian sessions, as investors eye the latest minutes from the Federal Reserve.
Coats holds guidance as demand softens
Industrial thread maker Coats reported a rise in revenues and held full-year guidance, despite strengthening forex headwinds, and said demand had softened in the second half.
Wednesday newspaper round-up: Manchester United, Ovo, Royal Mail, HP
The Glazer family has announced it is “commencing a process to explore strategic alternatives” for Manchester United, potentially bringing an end to its 17-year ownership of the club. On the day it was also confirmed that Cristiano Ronaldo had left Old Trafford by mutual consent, a statement from United on Tuesday night revealed plans to identify new investment that could lead to a potential sale. The club said the process led by their American owners will consider a number of options “including new investment into the club, a sale, or other transactions involving the company”.
US close: Stocks higher as traders digest comments from Fed speakers
Wall Street stocks closed higher early on Tuesday as market participants digested comments from a pair of central bankers.