Latest News
Barclays downgrades Travis Perkins, slashes price target
Barclays downgraded Travis Perkins to ‘underweight’ from ‘equalweight’ and slashed the price target to 1,400p from 1,950p saying the UK’s vote to leave the European Union will have a large impact on the business than the market expects, which will hit the valuation.
Hastings Group posts impressive rise in profit
General insurance provider Hastings Group Holdings announced its interim results for the six months to 30 June on Wednesday, with the board claiming “impressive momentum”.
William Hill turns nose up at Rank-888 merger proposal, again
William Hill has again given the cold shoulder to a joint merger proposal by smaller suitors Rank Group and 888 Holdings and despite its troubles this year continued to haughtily turn its nose up at the prospect of talks.
London open: Stocks in the red as oil declines, ex-divs weigh
Equity markets in London were on the back foot in early trade amid weaker oil prices, as a number of ex-dividend stocks weighed on the index.
Tritax Big Box declares dividend as portfolio value rises
Large logistics asset real estate investment trust Tritax Big Box reported its interim results for the six months to 30 June on Thursday.
Glencore zinc output down 31% in H1; ups copper guidance
Glencore reported a drop in production in the first half – with the exception of nickel and agricultural products – as expected, and lifted its full-year copper guidance.
Rand fluctuations help Old Mutual pare profit declines
Old Mutual posted its interim results for the six months to 30 June on Thursday, amid a managed separation into four different entities.
Forex takes some fizz out of Coca-Cola HBC
European soft drink bottler Coca-Cola HBC reported its results for the six-month period to 1 July on Thursday morning, with FX-neutral net sales revenue growing by 2. 4%, or 3. 0% taking into account the one less selling day.
London pre-open: Stocks seen lower as oil prices decline
London stocks were set to open lower on Thursday amid weaker oil prices.
Thursday newspaper round-up: UK housing, energy, Hinkley Point
The number of homes on the market hit a record low in July as house price growth slumped on the uncertainty in the wake of the Brexit referendum. The level of market activity, such as the amount of new buyer inquiries and the number of agreed sales, continued to fall, according to the Royal Institution of Chartered Surveyors (Rics). – Telegraph .
Legal & General sells Cofunds platform to Aegon
Legal & General Group has agreed the sale of its Cofunds investment platform to Aegon for £140m.