Market Report
Bunzl revenue up 7% in Q1, completes US and Dutch acquisitions
Distribution and outsourcing group Bunzl posted a jump in first-quarter revenue on Wednesday as it announced the completion of acquisitions in the US and the Netherlands last month.
Melrose urges remaining GKN shareholders to accept, Hammerson withdraws offer for Intu Properties
London open.
Wednesday newspaper round-up: M&S, WPP, KPMG, over-55 homeowners
Marks & Spencer is to close its distribution centre near Warrington, putting 450 jobs at risk. The decision brings the total number of job losses at M&S this year to more than 1,300. In January, M&S said it was closing 14 stores, affecting nearly 500 jobs. The retailer also ditched its Neasden distribution site in London, putting a further 380 jobs at risk. – Guardian.
London pre-open: Stocks to push higher on positive US cues; inflation data eyed
London stocks were set for a positive open on Wednesday following upbeat sessions in the US and Asia as investors eye the release of key inflation data.
US close: Traders turn Tuesday green as Netflix flexes its earnings muscle
Wall Street finished a solid session in the green on Tuesday, as investors digested the latest numbers from investment banking behemoth Goldman Sachs and a blowout earnings beat from Netflix.