Latest News
RBC upgrades Brewin Dolphin to 'outperform'
RBC Capital Markets upgraded Brewin Dolphin Holdings to an ‘outperform’ rating from ‘sector perform’ on Wednesday after the company reported its third quarter interims.
Deutsche Bank set for cuts as profit tumbles by 98%
Deutsche Bank has suffered a huge loss to profits in the second quarter, falling by 98% compared with the same period last year.
US pre-open: Stocks seen higher as investors cheer Apple results
US futures pointed to a firmer open on Wall Street as investors welcomed encouraging earnings from technology giant Apple ahead of the Federal Reserve’s latest rate announcement.
GKN shares fall on Citi downgrade
GKN shares fell on Wednesday as Citi downgraded the stock to ‘neutral’ from ‘buy’ and left its target price unchanged at 315p after the company reported a first half trading update.
Tullow reports surprise first half profit to beat expectations
Africa-focused oil explorer and producer Tullow beat the oil market blues with an unexpected first-half profit of $24m, beating expectations and lifting the shares 3% in early Wednesday trade.
Exane downgrades Drax to 'neutral'
Exane BNP Paribas downgraded Drax to ‘neutral’ from ‘outperform’ following a strong share price performance.
Cenkos confirms FCA investigation into Quindell role
Broker Cenkos has confirmed that it is being investigated by the Financial Conduct Authority (FCA) over its work advising Quindell, which has since become Watchstone Group.
GDP rises more than expected but Brexit slowdown already apparent
UK economic growth accelerated slightly more than expected in the second quarter, though the official data showed a significant loss of momentum even before the Brexit decision began to take effect and so may not be enough to stop the Bank of England from cutting interest rates next week.
Shawbrook income and profit rise in first half
Shawbrook Group posted interim results for the six months to 30 June on Wednesday, with net operating income improving to £99. 3m, compared with £77. 1m a year ago.
Jupiter Fund Management's H1 profit, AUM rise
Jupiter Fund Management posted a small increase in pre-tax profit for the first half as assets under management edged higher.
Morgan Advanced Materials reports fall in first half profits
Morgan Advanced Materials posted on Wednesday a 6. 1% decline in first half pre-tax profit to £46. 2m as the manufacturer of specialist products underwent a restructuring.
Marston's sales rise, sees 'no discernible impact' from Brexit
FTSE 250 pub operator Marston’s said on Wednesday that it has not seen any discernible impact from Brexit on trading to date as it updated investors on its third quarter.
Mitchells & Butlers reports drop in third quarter sales
Pub operator Mitchells & Butlers reported on Wednesday a 0. 7% drop in total like-for-like (LFL) sales in the third quarter, blaming wet weather in June and the Euro 2016.
Dignity first half profits down as death rates stabilise
Funeral company Dignity said first half results were slightly ahead of expectations, boosted by a stronger second quarter, but added that it expected death rates to return to 2014 levels after an “abnormally high” 2015 helped produce an “exceptional result”.
Rightmove surges as it posts rise in first-half profit
Shares in online estate agent Rightmove surged on Wednesday as it posted a rise in first-half pre-tax profit and expressed confidence over the full year despite the impact of Brexit.
Apple iPhone sales fall but tech giant beats estimates
Apple's third quarter results provided another fall in sales for its flagship iPhone, despite narrowly beating expectations against the year-ago period.
Rentokil and Google hatch plan to catch rats via the Internet of Things
Royal ratcatcher Rentokil Initial is becoming an online ratcatcher after it teamed up with Google and consultancy PA to provide a 'digital pest control' service that will employ internet of things (IoT) technology to not only monitor infestations but then also predict rodent behaviour and map swarms of pests across continents.
First half earnings slide at Rathbone Brothers
Rathbone Brothers issued its half-yearly report on Wednesday, reporting total funds under management at 30 June of £30. 6bn, up 4. 8% from £29. 2 billion at 31 December.
St James's Place H1 profit slips but dividend lifted
Wealth manager St James’s Place reported a drop in first-half pre-tax profit but lifted its dividend and reported record net inflows.
Europe open: Stocks boosted by Japan stimulus amid earnings deluge
European stocks rose in early trade, with sentiment underpinned by Japan’s announcement of a stimulus package, as investors awaited the outcome of the Federal Reserve’s latest policy meeting later.