Latest News
Meggitt rallies as JP Morgan upgrades stock to 'neutral'
Meggitt shares gained on Tuesday as JP Morgan upgraded the aerospace engineer to ‘neutral’ from ‘underweight’ and raised its target price to 445p from 395p.
Synthomer profit rises amid improvement in Europe and North America
Specialty chemicals company Synthomer reported an increase in first-half profit thanks to ongoing improvements in Europe and North America.
Regus H1 profit up 7% but warns of softening revenue growth
FTSE 250 workspace provider Regus reported a jump in first-half profit and revenue on Tuesday but warned of “softening revenue growth” in some of its markets.
Amec Foster Wheeler beats first-half forecasts, review due in autumn
Amec Foster Wheeler's higher sales and lower earnings in the first half were better than the market expected, while the engineer also impressed with cost cutting and its continued expansion into renewable energy.
Savills reports 11.5% rise in first half profits
Real estate agent Savills posted an 11. 5% increase in first half underlying pre-tax profit on Tuesday, as strong growth in residential revenue offset a fall in commercial transactions.
Aggreko swallows up US-based DRYCO
Aggreko announced on Tuesday that it has entered into an agreement to acquire substantially all of the assets associated with, and used in connection with DRYCO - a specialist in moisture control, drying, heating, and cooling applications within the shipping, manufacturing, food processing, construction, and industrial painting industries.
SIG's first half results boosted by acquisitions and weak pound
SIG reported on Tuesday a 20% increase in first half underlying profit before tax as group sales were boosted by acquisitions and foreign exchange benefits.
Europe open: Stocks edge higher as investors sift through earnings
European stocks were a little firmer in early trade as investors sifted through more earnings releases.
Banks made to share 'open banking' data, cap overdraft fees, and more
High street banks will be forced to securely share data with their rivals and third parties, publish objective information about their services, warn customers when they are about to go into unarranged overdrafts or when they could get a better deal from another account, after the UK competition regulator published the final results of its banking investigation.
London open: Stocks edge higher ahead of data releases
London stocks edged cautiously higher in early trade as investors awaited a slew of key data releases.
Spirax-Sarco takes over closed Brazilian firm Hiter
Steam and peristaltic pumping engineering company Spirax-Sarco Engineering announced on Tuesday that on 1 July it acquired the assets of the process control valve manufacturer, Hiter Indústria e Comércio de Controles Termo-Hidráulicos, based in Sorocaba, Brazil.
UK retail sales rebound in July, BRC says
UK retail sales bounced back in July after a tough few months, with the strongest growth in total takings since January.
Legal & General profits edge higher in cautious first half
Legal & General increased first-half profits by almost a quarter as strong growth from the annuity arm offset declines at investment management and insurance.
AstraZeneca drug fails in lung cancer trial
Pharmaceutical giant AstraZeneca announced results from the Phase III SELECT-1 trial of the MEK 1/2 inhibitor, selumetinib on Tuesday, in combination with docetaxel chemotherapy, as second-line treatment in patients with KRAS mutation-positive locally-advanced or metastatic non-small cell lung cancer.
London pre-open: Stocks seen touch higher ahead of data
Stocks in London were expected to open a little higher on Tuesday ahead of a slew of data releases.
Tuesday newspaper round-up: China warning, retailers, EDF threat, EU deal
China has issued its sternest warning yet to the UK that bilateral ties stand at a “crucial historical juncture” over London’s deferral of an £18bn nuclear power project. Liu Xiaoming, China’s ambassador to the UK, drew a clear link between Beijing’s desire to see an early go-ahead for the controversial Hinkley Point power project and the future of the UK-China relationship. - Financial Times.