Full List Of Stories
Sunday newspaper round-up: Brussels row, May VAT pledge, Ocado, house prices, RBS
Brexit negotiations began with a blazing row yesterday as Brussels flatly rejected Theresa May’s negotiating position and accused the prime minister of living in a “parallel reality”. The other 27 EU member states took just four minutes to agree a hardline stance on Brexit at a summit meeting in Brussels before Jean-Claude Juncker, the head of the European Commission, and Michel Barnier, the chief European Union Brexit negotiator, rounded on the prime minister.
Small cap news round-up
Glanbia is to sell a 60% stake in its Irish dairy business, to Glanbia Co-operative Society for €112m.
Results round-up: GlaxoSmithKline, Redefine International
GlaxoSmithKline's new chief executive Emma Walmsley reported a strong first set of quarterly results, as the drug group grew sales better than forecast, improved profit margins and kept its dividend on track.
Broker tips: Bellway, Savills, Merlin Entertainments, Sky, oil companies, Severn Trent
Peel Hunt upgraded Bellway to 'add' from 'hold' and went the other way on Savills as it took a look at UK housebuilders and estate agents.
Small cap news round-up
Specialist carpet and floor coverings retailer Carpetright said on Tuesday that its full-year profit is expected to be towards the lower end of the current range of market expectations for underlying pre-tax profit of £13. 9m to £16. 2m.
Circassia Pharmaceuticals posts deeper FY loss
Respiratory disease-focused specialty pharmaceutical company Circassia Pharmaceuticals has posted a deeper full-year pre-tax loss of £144. 9m, from a loss of £62. 8m previously.
Comment: Canadian dollar not yet over its troubles
The Canadian dollar depreciated to the lowest levels since December against the US dollar on Tuesday, with a possible trade war likely to do major damage, writes Ipek Ozkardeskaya of London Capital Group.
Results round-up: Whitbread, Amec Foster Wheeler
Whitbread served up a fairly solid set of full year results and while it reported a good start to 2017, warned of a tougher consumer environment than last year for its Premier Inn hotels and Costs coffee shops.
Broker tips: Ascential, miners, Vectura Group, construction firms, HSBC, Weir Group
Berenberg initiated coverage of B2B media company Ascential at 'buy' with a 400p price target.
AFC Energy expands strategic collaboration with De Nora S.p.A.
Industrial fuel cell power company AFC Energy has confirmed an expansion of its strategic collaboration with De Nora S. p. A. after the completion of the first-phase work programme.
Blancco Technology Group reveals pressure on cash, funding needs
Shares in Blancco Technology Group are down almost more than a fifth after a third-quarter trading update revealed pressure on cash and a need for additional funding.
Havelock Europa swings to profit after challenging year
Shares in Havelock Europa are down more than 13% after swinging to a full-year profit in what it said was a challenging year due to a significant reduction in revenue.
Horizonte Minerals awarded three new mineral exploration concession areas
Horizonte Minerals has confirmed the award of three new mineral exploration concession areas adjacent to the Araguaia North deposits that form part of the company's 100%-owned Araguaia nickel project.
Tuesday newspaper round-up: Customs bill, banks, WS Atkins, business rates
Britain will have to settle a demand for €2 billion over its failure to tackle customs fraud before it can agree a post-Brexit trade deal with the EU, senior Brussels sources have said. European officials believe that HM Revenue & Customs is failing to curb Chinese crime gangs that systematically undervalue goods imported into the EU through Dover and Felixstowe, avoiding billions of pounds in customs duty and VAT. - The Times.
Small cap news round-up
Jimmy Choo said on Monday that it is conducting a review of various strategic options to "maximise value for its shareholders", including the sale of the company.
Results round-up: Fishing Republic, FairFX, Nasstar
Shares in Fishing Republic are up almost 6% after its full-year pre-tax before exceptional items rose 32% to £403,000, from £305,000 previously.
Broker tips: Centrica, Smurfitt Kappa, currencies, eurozone stocks
British Gas owner Centrica was under the cosh on Monday amid reports that the Conservative manifesto will include a cap on household energy bills, with UBS saying the snap election in June makes an energy tariff cap more likely.
Sunday newspaper round-up: Inflation, election manifestos, US tax, Imagination Tech
Britain's households could be spared a further blow from higher inflation because the snap election has pushed up the pound, limiting the chance of more rises in the cost of imports. Economists believe that a bigger Conservative majority could strengthen sterling – or at least stop it falling further – protecting living standards and so holding back one of the main threats to the UK economy this year, the Sunday Telegraph noted.
Small cap news round-up
Public relations firm SEC has completed the acquisition of a 60% stake in Polish communications company Martis Consulting for €1. 1m.
Broker tips: M&S, Domino’s Pizza, Debenhams, Glencore, South32 and Rio Tinto
Retailer Marks & Spencer got a boost as Barclays initiated coverage of the stock at ‘overweight' with a 410p price target, which implies 14% potential upside.