Redrow Shares Dip 6% As It Lowers FY Profits Forecast
Worse-than-predicted sales during the 18 weeks to 3 November prompted the FTSE 2050 company to reduce its sales and profits estimates.
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Worse-than-predicted sales during the 18 weeks to 3 November prompted the FTSE 2050 company to reduce its sales and profits estimates.
Direct Line Insurance Group announced the sale of its brokered commercial insurance business to RSA Insurance for a fee that could rise to £550 million.
The FTSE 250 firm has sunk on news that Rolex plans to enter the retail market for the first time.
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European markets have risen despite figures showing China in deflation territory. The 0.3% year-on-year decline in consumer prices for July comes a day after poor trade figures, when exports and imports both declined by double-digit percentages. Today’s corporate results include a profitable half year for Paddy Power owner Flutter Entertainment after it benefited from strong growth at its US-based FanDuel sports betting business.