UPDATE 2-UK regulator raises big objections to Sainsbury's-Asda deal
* CEO says will fight on (Adds Sainsbury's CEO quotes, background)
* CEO says will fight on (Adds Sainsbury's CEO quotes, background)
Britain's FTSE 100 futures are seen opening down 0.06 percent ahead of the cash market open on Wednesday.
Britain's markets watchdog said on Wednesday a review of wholesale insurance brokers uncovered no problems, a relief for an industry spending millions of pounds on Brexit.
Flybe Group Plc said it had received a preliminary proposal from Bateleur Capital, Mesa Air Group Inc with support from Stobart Group former boss Andrew Tinkler for a possible optional financing proposal.
Indivior Plc has launched a copycat of its blockbuster opioid addiction drug in the United States, the British drugmaker said on Wednesday, after losing a long-drawn court battle to prevent entry of generic rivals in its biggest market.
Wix.com, which helps small businesses build and operate websites, posted higher-than-expected profit in the fourth quarter and forecast a 25 percent rise in revenue in 2019.
Fujairah Oil Industry Zone on Wednesday published, via industry information service S&P Global Platts, the following weekly inventory data for oil products for the week ended Feb. 18. Volumes are in thousands of barrels. Figures in brackets represent volume change from prior week calculated by Reuters. Week Light Distillates Middle Distillates Residual Fuels 2019 Feb 18 11,394 (+90) 2,398
London copper prices rose for a sixth consecutive session on Wednesday, striking a fresh two-month high on hopes of a trade deal between China and the United States. U.S. President Donald Trump said on Tuesday talks with China, currently taking place in Washington, were going well and suggested he was open to pushing off the deadline to complete negotiations, saying March 1 was not a "magical" date.
Britain's competition regulator said Sainsbury's $9.5 billion takeover of Walmart owned Asda should either be blocked entirely or require the sale of a significant number of stores, or even one of the brands.
* Investors expect U.S., China to reach trade deal next month
President Donald Trump plans to nominate Jeffrey Rosen as the next deputy U.S. attorney general, the White House said on Tuesday night, the latest shuffle in the Justice Department at a time when it faces close scrutiny over its Russia investigation.