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HSBC plots IPO of Indonesian business

Lender HSBC was said to have been working towards an initial public offering of its Indonesian business as part of an effort to take advantage of investor demand in the heavily-populated nation.

Government to probe Altice's BT stake

Shares in BT Group fell on Thursday after the government announced it was reviewing Patrick Drahi's £3bn stake in the telecoms specialist on national security grounds.

Serco upgrades full-year guidance

Government contractor Serco said on Thursday that better than expected trading and a "positive outlook" had led it to increase full-year guidance for both revenue and underlying trading profits.

Wickes says trading in line, backs full-year guidance

DIY retailer Wickes backed its full-year guidance on Thursday as it said trading in the year to date had been in line with expectations.

Petrofac shares slip as E&C unit tipped for small loss this year

Shares in Petrofac slipped on Thursday after the company said its engineering & construction operation would report a small loss this year.

United Utilities sees higher finance charges offset modest FY revenue growth

Water supply company United Utilities has reported an 8.3p loss per share for the year ended 31 March, down from earnings of 66.5p per share a year earlier, as higher finance charges offset modestly improved annual revenues.

AutoTrader annual profits almost double, Serco upgrades FY guidance

London pre-open The FTSE 100 was being called to open 20.5 points lower ahead of the bell on Thursday after closing out the previous session 0.51% stronger at 7,522.75.

25 May
Europe close: Stocks rebound ahead of Fed minutes

European shares managed to recoup part of the previous session's losses as investors awaited the release of US Federal Reserve meeting minutes that were due out after the London close.

25 May
London close: Stocks finish higher ahead of Fed minutes

London's equity markets managed a positive finish on Wednesday, underpinned by solid performances from the likes of SSE and Pets at Home, as investors eyed the latest minutes from the US Federal Reserve due in the evening.

25 May
Broker tips: Compass Group, Avon Protection, Darktrace

Analysts at RBC Capital Markets raised their target price on foodservice company Compass Group from 1,340.0p to 1,500.0p on Wednesday following the group's "strong" first-half results earlier in the month.

25 May
Randall & Quilter shares slide on spat with suitor Brickell

Specialist non-life insurer Randall & Quilter updated the market on its proposed recommended acquisition by Brickell on Wednesday, after Brickell alleged that R&Q was in breach of some of its obligations.

25 May
Director dealings: Three Argo Blockchain board members buy shares

Argo Blockchain had three entries on the list of director buys on Wednesday, after three of its directors made purchases between 19 and 23 May.

25 May
Prudential appoints Anil Wadhwani as CEO

Prudential said on Wednesday that it has appointed Anil Wadhwani as group chief executive officer with effect from 25 February 2023.

25 May
Reputation risk further muddies Darktrace investment case, says JPM

Darktrace was under the cosh on Wednesday as JPMorgan reiterated its ‘underweight’ rating on shares of the cybersecurity firm and slashed the price target to 320p from 400p, saying reputation risk has muddied the investment case further.

25 May
London pre-open: Stocks to rise as investors eye Fed minutes

London stocks were set to rise at the open on Wednesday as investors eye the latest minutes from the US Federal Reserve.