Latest News
UK house price growth accelerates in June, ONS reveals
UK house price growth accelerated in the year to June, according to the Office for National Statistics (ONS) on Tuesday.
Rail fares to increase 1.9% in 2017 after RPI inflation rises
Regulated rail fares in England, Scotland and Wales are due to increase by 1. 9% from January 2017 based on official retail price inflation increases announced on Tuesday.
Marshall Motor posts jump in interim profit and revenue
AIM-listed Marshall Motor Holdings posted a jump in interim profit and revenue and lifted its dividend.
Canaccord cuts rating on Enquest to 'hold' from 'buy'
Canaccord Genuity cut its rating on Enquest to ‘hold’ from ‘buy’ and lowered its price target to 32p from 50p on Tuesday.
Liberum upgrades IG Group to 'buy'
Liberum upgraded IG Group to ‘buy’ from ‘hold’ and lifted the price target to 986p from 770p.
Europe open: Stocks push lower in early trade; miners in focus
European stocks pushed lower in early trade, with miners in focus following earnings from BHP Billiton and Antofagasta.
London open: Stocks edge lower ahead of data slew; BHP, Antofagasta in focus
Stocks in London edged lower in early trade despite strong cues from the US as investors braced for a slew of key data releases.
Cairn Energy narrows loss as development continues
Cairn Energy posted its half-year results to 30 June on Tuesday, reporting $414m group net cash at period end, and Norwegian tax receivable of $45m.
Antofagasta's heavy cost cuts lift earnings above forecasts
Although first-half revenue was lower for Antofagasta, the Chilean copper mining colossus improved earnings and kept its dividend flat thanks to some heavy cost cutting.
BGEO profits surge ahead of generous Georgian corporate tax cuts
Growth across retail banking, corporate banking and its investment arm saw BGEO drive profits and allowed it to further benefit from the Georgian government’s generous new tax policy.
Polypipe posts record operating margin in first half
Plastic piping and ventilation systems manufacturer Polypipe Group announced its half year unaudited results for the six months to 30 June on Tuesday, with revenue 31% higher at £223. 3m.
Wood Group H1 profit and revenue slide; wins $700m Kazakhstan contract
Wood Group posted a drop in profit and revenue for the first half amid “challenging” conditions in the oil and gas market but reaffirmed its outlook for the full year.
Balfour Beatty wins largest US contract to date
International infrastructure group Balfour Beatty announced on Tuesday that it has been awarded a $697m contract to undertake electrification of the 52-mile Caltrain rail corridor between San Francisco and San Jose, in preparation for the future operation of high speed trains.
London pre-open: Stocks seen weaker ahead of data
London stocks were set for a weaker open on Tuesday despite a solid session on Wall Street, as investors braced for a slew of key data releases.
AstraZeneca completes licensing agreement with LEO Pharma
AstraZeneca has completed a licensing agreement with LEO Pharma, a specialist in dermatology care, for the global licence to monoclonal antibody tralokinumab in skin diseases.
Newspaper round-up: More Brexit worries, pension schemes, BT, sugar tax
The pound dropped close to its lowest levels since the Brexit vote as markets braced themselves for hard evidence this week that the UK economy has been knocked off course by the decision to leave the EU. Sterling dropped half a per cent to $1. 2874 against the dollar, dipping to its July 11 low and close to the $1. 2798 it reached on July 6, which was the lowest since 1985. Bearish sentiment intensified as markets prepared for a blizzard of official UK economic news on inflation, employment, retail sales and the health of the public finances, offering the first indication of the state of the economy since the referendum vote.