Market Pulse
Nick Roberts to step down as Travis Perkins CEO
Travis Perkins announced on Wednesday that Nick Roberts, who has served as chief executive officer for five years, would be stepping down from his role and from the board.
London open: Stocks nudge lower; Diploma surges on acquisition
London stocks nudged lower in early trade on Wednesday following a slightly weaker close on Wall Street.
Playtech on track for medium-term targets as FY beats expectations
Gambling software firm Playtech said on Wednesday that it was on track to meet its medium-targets after it performed ahead of expectations in FY2023.
CMC Markets sees FY operating income at top end of guidance
CMC Markets said on Wednesday that FY 2024 net operating income was set to exceed the top end of the previously-guided range of £290m to £310m as positive momentum continued into the fourth quarter after a strong performance in Q3.
BC Omega Holdco sells 50m shares in TI Fluid Systems in placing
Peel Hunt said on Wednesday that BC Omega Holdco sold 50m ordinary shares in TI Fluid Systems in a placing.
London pre-open: Stocks seen muted after slightly weaker US close
London stocks were set for a muted open on Wednesday following a slightly weaker close on Wall Street.
Wednesday newspaper round-up: AI, CBI, US government debt
Almost 8 million UK jobs could be lost to artificial intelligence in a “jobs apocalypse”, according to a report warning that women, younger workers and those on lower wages are at most risk from automation. The Institute for Public Policy Research (IPPR) said that entry level, part-time and administrative jobs were most exposed to being replaced by AI under a “worst-case scenario” for the rollout of new technologies in the next three to five years. – Guardian.