Latest News
Greggs steams higher on hot results and tasty investment plan
Greggs has serving up strong final results and said it was closing three of its 12 bakeries, in Twickenham, Edinburgh and Sleaford, as part of a new £100m investment programme to help it increase its outlets "substantially" beyond 2,000.
UK manufacturing near three year low in February
The Markit/CIPS manufacturing purchasing managers’ index fell to 50. 8 in February from 52. 9 in January.
Disposal, investment in brands pays off for Direct Line
Direct Line Group reported on a year of success on Tuesday, with the 2015 disposal of its international business and ongoing investment in its own brands contributing to a solid calendar year of growth.
German unemployment falls for fifth consecutive month in February
German unemployment fell for a fifth consecutive month in February in line with estimates, data from the Federal Labor Agency showed on Tuesday.
Ashtead slumps as capex plans spark US slowdown concerns
Shares in equipment rental firm Ashtead fell sharply on Tuesday, with analysts pointing to concerns over the company’s plans to cut capital expenditure next year, as it reported a jump in third quarter profit.
Eurozone manufacturing PMI a touch ahead of estimate
Markit’s final Eurozone manufacturing PMI came in at 51. 2 in February, up a touch from the flash estimate of 51, but weaker than January’s reading of 52. 3.
London open: Stocks rebound as oil prices rally
UK stocks rebounded on Tuesday from declines a day earlier as oil prices jumped after Saudi Arabia said it would work with other producers to limit market volatility.
Taylor Wimpey says 2016 starting strongly after final results hit target
Final results from Taylor Wimpey were strong and in line with City expectations, with the housebuilder confirming that the market had strengthened into 2016.
Europe open: Stocks push higher as deal news provides a boost
European stocks edged higher in early trade, supported by a positive session in Asia, with deal news also underpinning sentiment.
Fresnillo robust despite weak metals prices
Weak metals prices had a significant impact on Fresnillo in 2015, though the company was appearing strong in its results for the calendar year on Tuesday.
Chinese manufacturing PMI data shows decline continues
Two readings of China's manufacturing performance showed the industry's decline rumbled on for another month in February.
United Utilities and Severn Trent set up non-household joint venture
Water groups United Utilities and Severn Trent have formed a joint venture of focused on their business customers, merging the billing, sales and customer services functions ahead of the business market opening to competition in England.
Barclays confirms sale of Africa business as annual profit falls
Barclays confirmed plans to sell its African business on Tuesday as it announced a drop in full year profit and a cut to the dividend.
Glencore's numbers head south in 'robust' 2015
Glencore's numbers were down sizeably in its preliminary 2015 results on Tuesday, with adjusted EBITDA falling 32% to $8. 7bn (£6. 25bn), as the company blamed substantially weaker commodity prices partially offset by cost efficiencies and favourable currency conditions in producer countries.
London pre-open: Stocks seen weaker on China data
London stocks are expected to open lower on Tuesday, taking their cue from a negative finish on Wall Street and some weak data in China.
Rio Tinto sells Bengalla for $617m
Rio Tinto has sold its 40% interest in the Bengalla coal joint venture in Australia for US$616. 7m (£443m).
Glencore profits crunch, Barclays confirms Africa exit
London open The FTSE 100 is forecast to make a 14-point retreat when it opens on Tuesday, after the tentative one-point gain the previous session.
Tuesday newspaper round-up: LSE/ICE, Apple, Google, ECB
London Stock Exchange’s £20bn merger with Deutsche Boerse could be gatecrashed by the owner of the New York Stock Exchange, according to reports. Intercontinental Exchange (ICE), which operates global exchanges, clearing houses and data services, has appointed Morgan Stanley to advise on a higher offer for the British group, it is claimed. – Telegraph.