Market Report
TI Fluid Systems reports 'strong' results as EV market expands
Automotive fluid storage, carrying and delivery systems specialist TI Fluid Systems reported a “strong” set of financial results on Wednesday, with revenue growth of 2. 0% year-on-year at constant currency, or 3. 1% above global light vehicle production growth volumes, to €3. 47bn.
SimplyBiz to buy fintech platform Defaqto for £74.3m
SimplyBiz, which provides compliance and business services to financial advisers and institutions, has agreed the conditional acquisition of Regulus, the owner of fintech platform provider Defaqto, for £74. 3m.
Kingfisher profit decline smaller than expected, TI Fluid Systems profit firmer
London open The FTSE 100 is expected to open 28 points lower on Wednesday, having closed up 0. 34% at 7,314. 00 on Tuesday.
London pre-open: Stocks seen lower as Sino-US worries resurface
London stocks were set for a downbeat open on Wednesday amid fresh concerns about Sino-US trade relations and as investors eye the latest policy announcement from the Federal Reserve.
US close: Mixed performance on the Street following confliction US-Sino trade news
Wall Street trading wrapped up on a mixed note on Tuesday as investors eyed the start of the Federal Reserve's two-day policy meeting and digested conflicting trade reports.