Latest News
Bryan Garnier downgrades Pennon on valuation
Bryan Garnier downgraded its rating on Pennon Group to ‘sell’ from ‘neutral’ following a fairly strong relative performance over the past six months and the fact it is now trading just 9% below its all-time high.
Asia report: Hong Kong catches up on holiday losses
Hong Kong stocks returned from their Chinese New Year holiday on Thursday, and fell sharply as it caught up with the selloffs that had marked the week so far in Asia.
Thomas Cook playing to strengths in challenging market
Geopolitical uncertainty and the threat of terrorism were putting a dampener on some of Thomas Cook's operations in its first quarter, though the company appeared to have a handle on it, with solid volumes and increased prices on its winter holidays.
Intermediate Capital appoints Kevin Parry as new chairman
Intermediate Capital’s current senior independent director Kevin Parry will succeed Justin Dowley as chairman when he retires from the board on 21 July after six years in the role.
Pennon on target to meet full year expectations
Water utility and waste management company Pennon Group said it was on track to meet management expectations for the year ending 31 March thanks to solid performances across its divisions.
Halma a 'hold' after trading update, says Investec
Halma’s strong performance should not come as a surprise to investors, Investec said on Thursday following the company’s trading update.
Halma sailing steadily through second half
Halma reported steady sailing in the second half, updating the market on its operations on Thursday ahead of its year-end in April.
Buy-to-let investors flood market, pushing house prices up says RICS
A shortage of homes is pushing prices up as buy-to-let investors flood the market, according to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Market Survey.
Societe Generale tumbles as it warns over profit target
Shares in Societe Generale tumbled on Thursday as the French bank reported a smaller-than-expected rise in fourth quarter net profit and warned that it might miss its profit target this year.
Sweden cuts interest rates by more than expected, Gilts jump
Sweden's central bank trimmed its main policy interest rate on Thursday by more than had been expected, brushing aside worries of a housing market bubble and strong domestic demand in the economy.
Dairy Crest sales bounce back but disposal proceeds disappoint
In its first quarterly results since offloading its dairy business on Boxing Day, Dairy Crest said its cheese and spreads brands were riding out the stormy markets and remained in line to hit full year targets.
Glencore confirms production and metals streaming deal with $500m upfront
Glencore has agreed a $500m gold and silver streaming deal from its Antapaccay mine in Peru to help ease its balance sheet woe, as well as impressing with fourth-quarter production numbers.
London open: Stocks track declines in Asia as investors digest Yellen speech
London stocks fell on Thursday, tracking declines in Asian markets after US Federal Reserve Chair Janet Yellen highlighted her concerns about China’s wailing economy.
British Gas joins rivals in cutting gas prices
British Gas said it will cut gas prices for customers by 5. 1%, the latest company to announce cuts for the start of the year.
Europe open: Banks and energy shares pace the decline
European stocks took a battering in early trade, with banks and energy issues pacing the decline, as oil prices slid.
CLS adds replaces Vauxhall Square hotel with office space
CLS Holdings managed a win at the Lambeth Council this week, with the company revealing on Thursday that the borough's planning committee had granted an amendment to its mixed use Vauxhall Square SW8 development on the south bank of the Thames.
UK's Brexit deal with EU hits opposition from France, eastern Europe
The draft accord between the United Kingdom and the European Union on modifying the terms of Britain's membership ran into some opposition from France and a group of Eastern European nations on Wednesday.
Enterprise Inns on track for full year expectations as income grows
Enterprise Inns has seen like-for-like net income in its leased and tenanted estate grow 1. 6% for the 19 weeks to 6 February 2016.
Workspace agrees sale of five light industrial buildings for £64m
Real estate investment trust Workspace announced the disposal of five light industrial buildings for £64m.
Ashmore first half profit, assets under management drop
Specialist emerging markets asset manager Ashmore posted a drop in first half pre-tax profit as assets under management declined, with weak oil prices and worries about a slowdown in China denting investor sentiment.