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London open: Stocks get clobbered as Trump ramps up China trade war
London stocks took a beating in early trade on Wednesday as trade war concerns reared their head once again after Washington announced plans to impose tariffs on an extra $200bn of Chinese goods.
LondonMetric sells Odeon cinema, buys logistics warehouse
LondonMetric Property on Wednesday said it had it had sold an Odeon Cinema in Warrington to an institutional pension fund for £13. 7m and acquired a logistics warehouse used by Royal Mail in Milton Keynes for £12m.
Sainsbury's appoints ex-Deloitte chairman Martin Scicluna
Sainsbury's has appointed former Deloitte audit chief and current Great Portland Estates chairman Martin Scicluna to be the supermarket group's chairman next March.
Smurfit Kappa talks up its latest environmental accolade
Smurfit Kappa issued an RNS update in its trademark boastful fashion on Wednesday, claiming that its commitment to sustainability had been recognised again by the Euronext Vigeo Eiris index.
Grafton revenues boosted by warm weather
Builders' merchant Grafton Group posted a rise in first-half revenue on Wednesday as it benefited from warm weather.
Paddy Power Betfair completes US merger with FanDuel
Paddy Power Betfair confirmed on Wednesday that the previously-announced combination of its US business with FanDuel, initially announced on 23 May, completed on 10 July.
FX hedges help boost NEX Q1 revenue by 7%
Financial technology company NEX on Wednesday said group revenue for the first quarter to 30 June 2018 increased by 7% on a constant currency basis and 3% on a reported basis benefiting from divisional performance and foreign exchange hedges.
Burberry encouraged by first quarter progress
Burberry got off to good start in the first quarter as it announced a move to a new model of "frequent and sometimes unexpected drops" of new limited-edition products or collaborations with celebrities or other designers.
NewRiver REIT buys retail & leisure park for £15.3m
NewRiver REIT on Wednesday said it had bought the Hollywood Retail & Leisure Park, Barrow-in-Furness, for £15. 3m.
Barratt expecting record pre-tax profits, Burberry's first quarter falls flat
London open The FTSE 100 is expected to open 49 points lower on Wednesday, having closed up 0. 05% at 7,692. 04 on Tuesday.
London pre-open: Stocks to drop as Trump ramps up China trade war
London stocks were set for a downbeat open on Wednesday after the US announced plans to impose tariffs on an extra $200bn of Chinese goods.
Wednesday newspaper round-up: M&S, Ocado, Facebook, Trump tariffs
The chairman of Marks & Spencer has given his starkest warning yet about existential threat faced by the high street giant as he refused to rule out further store closures and job losses. This business is on a burning platform,” said Archie Norman, who took over as M&S’s chairman last year. “We don’t have a God-given right to exist and unless we change and develop this company the way we want to, in decades to come there will be no M&S. ” – Guardian.