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FTSE rises as investors predict May's victory in leadership contest

The FTSE 100 enjoyed a 1.1% increase to 6,880 despite a rise in sterling as the market anticipates UK Prime Minister Theresa May will win her leadership contest later today.

Rolls-Royce sees earnings, cash flow in top half of guidance range

Engine maker Rolls-Royce said it expected its profit and cash flow for 2018 to be at the upper end of its previous guidance.

SuperDry issues another profit warning; blaming unseasonable weather

Fashion retailer SuperDry issued yet another profit warning, blaming a continuation of unseasonably warm weather crimping demand for jackets and sweats.

British American Tobacco on track to meet expectations despite FX headwinds

British American Tobacco said Wednesday it was on track to meet full-year performance expectations driven by its combustibles and vaping businesses, though a stronger pound was expected to stifle gains.

Dixons Carphone cuts dividend after writedowns underpin large loss

Phone retailer Dixons Carphone cut its dividend and launched a turnaround plan targeting cost savings of £200m after swinging to a first-half loss on the back of asset writedowns.

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