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London open: Stocks nudge lower ahead of retail sales data
Stocks in London nudged a touch lower in early trade as investors sifted through earnings ahead of UK retail sales data and the European Central Bank rate announcement.
SEGRO strength continues in third quarter
SEGRO published a trading update for the period from 1 July to 19 October on Thursday, with the board claiming continued strength over the third quarter.
Rathbone Brothers sees good growth, though pension deficit soars
Rathbone Brothers posted a trading update for the three months to 30 September on Thursday, with total funds under management sitting at £33. 2bn at period end - up 8. 5% from £30. 6bn on 30 June.
Glencore to sell Aussie rail coal haulage business for $1.14bn
Anglo-Swiss miner Glencore has agreed to sell its rail coal haulage business in New South Wales' Hunter Valley for $1. 14bn to Genesee & Wyoming Australia.
Ladbrokes says Coral trading positive in third quarter
Merger partners Ladbrokes and Gala Coral Group posted fourth quarter financial results for Coral, for the 12 weeks to 25 September on Thursday.
Workspace sells two London residential developments for £20.75m
FTSE 250 property company Workspace has sold two residential developments in Southall and Wandsworth in order to fund a pipeline of refurbishments projects.
London Stock Exchange sees good growth in third quarter
London Stock Exchange posted its interim management statement for the third quarter to 30 September on Thursday, with total income from continuing operations excluding assets sold and held for sale up 19% to £414. 6m.
Senior warns over 2016 performance
Senior warned on Thursday that its performance for the full year 2016 is likely to be lower than previously expected amid challenging market conditions in truck and off-highway and oil and gas markets.
Rio Tinto trims iron ore guidance after third quarter slip
Rio Tinto lowered its iron ore shipment guidance slightly after it fell 5% to 80. 9m tonnes in the third quarter, reduced by port and rail maintenance.
London pre-open: Stocks seen flat ahead of UK retail sales
Stocks in London were set to open little changed on Thursday as investors looked to the release of UK retail sales data and the European Central Bank rate announcement.
Thursday newspaper round-up: Pensions, tax avoidance, EDF
Pressure is growing on the government to let companies water down their pension promises to millions of workers, as rising inflation threatens to push up the cost to employers. A report by the trade body for 1,300 schemes — including those of Tesco, British Airwaysand Marks and Spencer — has said that allowing salary-linked pensions to pay less generous inflation rises could help keep them solvent. – Financial Times.