Energy group SSE posted a drop in interim profit on Wednesday as it announced the creation of a renewable energy business.
UK inflation remained unchanged last month, the Office for National Statistics revealed on Wednesday, having been expected to rise slightly.
Tools, equipment and plant hire services company Speedy Hire posted a surge in first-half profit on Wednesday amid strong growth in its SME customer numbers and revenues.
The German economy shrank in the third quarter amid weaker exports, marking its first contraction since the first quarter of 2015, according to data released by Destatis.
Residential property business Grainger reported a set of “strong” full-year results on Wednesday, with its adjusted earnings rising 26% to £94. 0m.
Private rented sector landlord Grainger has conditionally agreed to acquire the entire share capital and shareholder loans in GRIP REIT from its joint venture partner APG, it announced on Wednesday, for £396m.
A decline in retail property values hit British Land in the first half of the year, but the offices and shopping centre developer reported flat earnings as it grew rents and bought back shares.
Micro Focus got a boost on Wednesday as Goldman Sachs upped the stock to 'buy' from 'neutral' and lifted the price target to 1,700p from 1,300p as it said the risk/reward is now skewed to the upside.
The slowing property market hit interim profits at office developer Workspace, which fell 18% to £101. 6m.
Events and publishing outfit Dods Group saw profits tumble in the first half of its trading year, as costs associated with its massive restructuring programme offset a slight increase in revenues.
Budget airline Flybe said on Wednesday that it's putting itself up for sale as it posted a slump in first-half profits.
London stocks fell in early trade, with sterling little changed after Theresa May agreed the text of a draft withdrawal agreement with the EU.
Prudential's profit growth accelerated in the third quarter of the year as sales recovered in the US and improved in Asia, while the M&G Prudential arm made "good progress" in preparations for its demerger.
Shopping centre owner Intu said it had given a bid consortium another week to make a formal offer after making “good progress” on securing a £2. 9bn deal.
FTSE 250 aerospace and defence group Cobham said on Wednesday that it performed as expected in the first 10 months of the year, as it backed its overall expectations for 2018.
Theresa May summoned her cabinet to an emergency meeting on Wednesday afternoon to sign off her long awaited final Brexit deal, prompting hard-Brexit Tories to call for senior ministers to stand up and block it. The critical meeting is the culmination of months of negotiations and will see May’s senior ministers consider whether they can personally endorse the agreement that the prime minister has been able to reach. - Guardian.
Global technology company Smiths Group on Wednesday said it was separating its struggling medical division from the rest of the business to concentrate on its industrial technology operations.
London open The FTSE 100 is expected to open 27 points lower on Wednesday, having closed up 0. 01% at 7,053. 76 on Tuesday.
London stocks were set to fall at the open on Wednesday following a downbeat session on Wall Street, with Brexit firmly in focus after Theresa May agreed the text of a draft withdrawal agreement with the EU.
US stocks closed mostly lower on Tuesday as a late push was offset by plummeting oil prices cratered, dragging the energy sector sharply lower.