The London stock market was expected to rise gradually on Wednesday as attention focused on the spring budget.
The FTSE 100 was expected to open around 10 points higher.
Prime Minister Jeremy Hunt is scheduled to table the Budget at 12:30pm Japan time.
“With the general election looming, the prime minister is expected to offer a range of expansionary measures, including tax cuts.” danske bank Said.
Corporate news from paper and packaging manufacturers DS Smith He said trading in the third quarter was in line with expectations despite “challenging” market conditions.
In a short trading update, the company said corrugated box volumes for the period since November 1 were flat and continued to improve compared to the first half of the financial year.
It added that strong growth in North America and Eastern Europe during the quarter was offset by weaker performance in Northern Europe.
medtech group Convatec The company has raised its medium-term organic growth forecast following a strong performance in 2023 with higher margins and double-digit profit growth.
The wound, stoma, incontinence and infusion care provider said it expects “organic revenue to increase 5% to 7% over the medium term, above previous guidance of 4% to 6% growth, based on the strength of new business.” “It will be done,” he said. Improving Product Pipeline and Commercial Execution”.
Rathbones Group reported a significant year-on-year increase in funds under management and administration (FUMA) from £60.2bn to £105.3bn in its preliminary 2023 results, mainly due to Investec Wealth & Investment UK’s This is due to acquisition.
Underlying pre-tax profit increased by 30.9% to £127.1m, but acquisition and integration costs reduced overall pre-tax profit by 10.1% to £57.6m. Integration efforts between Investec Wealth & Investment UK and Sanderson House are ongoing and further progress is expected throughout 2024.