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THE MOST READ

09:07
Close Brothers shares surge on £400m capital plan

Merchant banking group Close Brothers saw shares surge on Tuesday after it announced a raft of measures – including the suspension of dividends – to strengthen its capital position as it prepares for the conclusion of a regulatory probe into motor finance.

07:23
Tuesday newspaper round-up: P&O Ferries, National Grid, Heathrow, Mike Lynch

P&O Ferries, which controversially sacked about 800 workers in 2022, has paid some crew members less than half the UK minimum wage thanks to an ongoing legal loophole the British government promised to close two years ago. Agency workers at the company, which is owned by the Dubai-based DP World, have in some cases been earning about £4.87 an hour – even lower than the £5.15 an hour the company suggested was its lowest pay rate – an analysis of recent payslips conducted by the Guardian and ITV News suggests. – Guardian

07:33
London pre-open: Stocks seen down as BoJ ends negative interest rates

London stocks were set to fall at the open on Tuesday as investors mulled policy announcements from the Bank of Japan and Reserve Bank of Australia, and looked ahead to a key UK inflation reading this week.

08:05
Unilever announces plans to separate ice cream business

Unilever unveiled its latest move to expedite its growth action plan (GAP) on Tuesday, through the separation of its ice cream business and the introduction of a significant productivity programme.

08:38
London open: FTSE nudges up as BoJ hikes rates

London stocks nudged higher in early trade on Tuesday as investors mulled the first rate hike by the Bank of Japan in 17 years and looked ahead to policy announcements from the US Federal Reserve and the Bank of England this week.

07:59
DFS warns on profits after demand weakens 'significantly'

DFS cut its FY24 profit and revenue guidance on Tuesday as it said market demand has weakened "significantly" over the last two months following a solid start to January.

07:28
AstraZeneca to buy Fusion Pharmaceuticals, Diageo names Sir John Manzoni as next chair

London open The FTSE 100 is expected to open 15 points lower on Tuesday, having closed down 0.06% on Monday at 7,722.55.

08:12
Crest Nicholson to fork out up to £15m on more build defects

Crest Nicholson said on Tuesday that it has become aware of build defects on four sites that were completed prior to 2019 that could cost it up to £15m to fix.

09:17
Trustpilot swings to full-year profit

Trustpilot said on Tuesday that it swung to a profit in 2023 as revenue and user numbers jumped.

08:26
Diversified Energy in $410m US gas acquisition

Oil and gas explorer Diversified Energy posted a rise in earnings despite weaker prices and announced the $410m acquisition of producing reserves in the central region of the US.

07:56
Wickes' profits fall less than expected, but challenges remain

DIY and trade home-improvement retailer Wickes beat market forecasts despite a drop in its annual profits, but warned that trading since the start of the year continues to be challenging.

07:21
Diageo names Sir John Manzoni as next chair

Diageo has announced that non-executive director and former Cabinet Office official Sir John Manzoni will step in as its new chair when Javier Ferrán retires from the head of the board next year.

09:39
Pfizer sells bigger-than-expected stake in Haleon

Haleon said on Tuesday that Pfizer has sold a larger-than-expected stake in the consumer healthcare group, taking its interest down to 22.6% from 32%.

07:40
AstraZeneca to buy US-listed Fusion Phrama for $2bn

AstraZeneca said it had agreed to buy biopharmaceutical company Fusion Pharmaceuticals for up to $2bn.

09:28
Essentra delivers 'resilient' FY 24 performance, CFO to stand down

Essential components manufacturer Essentra said it had delivered a "resilient" performance in 2023, with the group progressing towards its medium-term targets.

07:32
Japan lifts rates for first time in 17 years

Japan’s central bank raised interest rates on Tuesday, ending an eight-year policy of keeping them in negative territory in an attempt to boost economic growth.

08:40
Europe open: Shares slip as investors digest rate moves, await Fed

European shares opened lower on Tuesday as investors digested interest rate decisions from Japan and Australia and cast their eyes to the US as central bankers prepared to start their latest policy meeting.

07:50
RBA leaves rates unchanged, but warns inflation risks still remain

Australia's central bank left interest rates unchanged on Tuesday, as expected, but governor Michele Bullock warned that inflation remained at high levels.

09:07
SThree net fees fall amid global slowdown

Specialist science, technology, engineering and mathematics (STEM) recruiter SThree reported a 6% year-on-year decrease in net fees for the first quarter on Tuesday, attributed to a highly successful prior year and continued challenging market conditions.

18 Mar
Phoenix Group to report one-off £70m provision in results - report

Phoenix Group slumped on Monday after The Times suggested it will report a one-off provision of £70m in its annual results on Friday to cover the cost of reducing customer charges.

18 Mar
US close: Stocks reclaim some of Friday's losses

Wall Street stocks closed higher on Monday as major indices clawed back some of the previous session's losses ahead of tomorrow's Federal Reserve meeting.

18 Mar
London close: Stocks slip ahead of central bank decisions

London markets closed with a slight downturn on Monday as investors monitored upcoming rate decisions from a number of central banks.

18 Mar
Director dealings: Vodafone CFO makes share purchase

Vodafone Group revealed on Monday that chief financial officer Luka Mucic had acquired 2.46m ordinary shares in the FTSE 100-listed telecommunications giant.

18 Mar
Eurozone CPI confirmed at 2.6% in February; Trade hits surplus

Eurozone inflation in February was confirmed at 2.6%, down from 2.8% in January, according to official data released on Monday.

18 Mar
Week ahead: Bank of England, Fed rate decisions in the spotlight

Investors' focus over the coming week would be squarely on central bank policy decisions in the UK and U.S..