Latest News
RBS to axe 600 jobs at UK retail bank
Trade union Unite said Royal Bank of Scotland is axing around 600 jobs in its retail division and closing 32 branches.
Asia report: Weak yen, strong Nikkei lead markets higher
Markets in Asia ended Thursday higher, with a weaker yen and stronger Nikkei 225 leading the region into the black.
Mothercare tumbles as it highlights weakness in international business
Shares in Mothercare tumbled as the retailer highlighted difficulties in its international business.
Time to buy European banks, says SocGen
Societe Generale turned bullish on European banks in its latest Europe Equity Compass, saying it was time to buy as deflation fears recede.
Eurozone inflation revised up to 0.0% in March
Eurozone inflation surprised on the upside in March, with the final consumer prices index (CPI) reading revised higher to 0. 0% for the month after falling in February.
SocGen downgrades Tesco, sees scope for de-rating
Societe Generale downgraded Tesco to ‘sell’ from ‘hold’ and cut the price target to 150p from 180p following the company’s full year results.
IEA ses oil market close to balance in second half of 2016
Crude oil markets worldwide would return close to balance in the back half of 2016, the rich world's energy watchdog said.
Johnson Matthey boosted by Credit Suisse upgrade
Speciality chemicals group Johnson Matthey got a boost on Thursday as Credit Suisse upgraded the stock to ‘outperform’ from ‘neutral’ and lifted the price target to 3,100p from 2,850p.
Singapore surprises markets by moving to zero appreciation policy
The Monetary Authority of Singapore surprised markets on Thursday by shifting its exchange rate policy, leading to weakness in currencies across the Asia Pacific region.
Poundland on track for full year despite tough second half
Poundland said it was on track to meet full year profit expectations despite a difficult second half.
Europe open: Stocks little changed as oil retreats; Burberry and Unilever in focus
European stocks were little changed in early trade amid lower oil prices, with investors pausing for breath following strong gains in the previous session as they sifted through some disappointing corporate news.
London open: FTSE retreats ahead of BoE interest rate decision
London stocks were in the red on Thursday ahead of the Bank of England’s latest policy decision.
ITV in deal talks with Peppa Pig owner Entertainment One, no offer made yet
Broadcaster ITV has held takeover talks with Entertainment One, the FTSE 250-listed owner of Peppa Pig and distributor of the new David Brent film, according to reports.
JD Sports Fashion sneaks to new high on natty final results
Full year results from JD Sports Fashion were well ahead of market expectations, which combined with confidence about continued growth to send the company's shares to a new peak.
LondonMetric sells Taunton Odeon for £9.1m
Real estate investment trust LondonMetric announced the sale of its freehold Odeon multiplex cinema in Taunton on Thursday, to the Asda Pension Fund, for £9. 1m.
Capita and Galliford Try win extension to Salford council JV
Capita and Galliford Try have been awarded an extension to their technical services joint venture with Salford City Council to 2020 that will add up £90m more in total value.
Hays reports good growth despite UK pressures
FTSE 250 recruitment firm Hays described its third quarter growth as “good” on Thursday, with like-for-like fees climbing 4% in the three months to 31 March despite a 2% negative impact due to the early Easter.
PZ Cussons trading in line but Nigeria difficult
In an update for 27 January to 13 April, PZ Cussons said overall trading has been in line with expectations and the company is on track for the full year, but warned of difficult conditions in its main market of Nigeria.
Persimmon talks up year-to-date performance
Persimmon updated the market on its year-to-date operations on Thursday morning, ahead of its annual general meeting in York at midday.
Debenhams interim profit up, CEO resignation confirmed
Department store chain Debenhams posted a rise in first half profit as it confirmed the resignation of chief executive Michael Sharp.