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C&C Group FY profits rise, dividend reinstated
Bulmers and Magners owner C&C Group posted a jump in full-year profit and revenues on Wednesday amid higher volumes and prices, and reinstated its dividend.
Europe open: Shares slump on US debt impasse; UK inflation data
European shares opened sharply lower on Wednesday as US debt ceiling talks dragged on and UK inflation fell by less than expected, raising the prospect of yet another increase in British interest rates next month.
Close Brothers hails good third-quarter performance
Close Brothers said on Wednesday that it performed well in the third quarter, with loan book growth accelerating.
London open: Stocks slide amid US debt ceiling impasse, after inflation print
London stocks fell sharply in early trade on Wednesday, with US debt ceiling talks still firmly in focus as Republicans and the White House struggle to make any headway, and as investors mulled a higher-than-expected UK inflation reading.
Aviva Q1 premiums up, net inflows fall
UK insurer and investment firm Aviva reported a rise in general premiums although volatile markets resulted in a slowdown of cash inflows at its wealth division.
Severn Trent see strong current earnings as FY profits fall
UK water supplier Severn Trent guided for strong current year earnings, as it posted a fall in annual profits due to higher energy costs.
Playtech upgrades full-year profit expectations
Gambling software maker Playtech upgraded its full-year core profit expectations on Wednesday following continued strong trading, but cautioned that current growth rates are set to moderate somewhat later in the year.
Kingfisher backs FY guidance as Q1 sales fall
B&Q owner Kingfisher posted a declined in first-quarter sales, hit by poor weather in the UK and France, but backed its guidance for the year as it hailed an improvement in recent trading.
UK inflation falls below 10% but food prices still high
UK inflation fell in April - albeit less than expected - but food prices remained near record highs, according to figures released on Wednesday by the Office for National Statistics.
Intertek holds guidance on strong revenue growth
Testing company Intertek held annual guidance as revenues rose 11% in the first four months of the year.
London pre-open: Stocks seen lower as investors mull inflation data
London stocks were set to fall at the open on Wednesday following a downbeat session in the US, as investors mull the latest UK inflation data.
Intertek revenues rise, Petershill maintains annual guidance
London open The FTSE 100 is expected to open 62 points lower on Wednesday, having closed down 0. 1% on Tuesday at 7,762. 95.
Petershills holds guidance as Q1 AuM rises
Asset manager Petershill maintained annual guidance as it aggregate partner-firm assets under management rose 2% in the first quarter to $290bn, and 9% year-over-year.
Wednesday newspaper round-up: Virgin Orbit, Tesla, Cazoo
Virgin Orbit, the satellite launch company founded by British billionaire Richard Branson, will permanently cease operations, just months after a major mission failure. The California-based firm, which had already filed for Chapter 11 bankruptcy protection in the United States in early April, has auctioned off its main assets, recovering just over $36m. That figure is barely 1% of the value the company reached in late 2021 on Wall Street, when it was valued at $3.