Latest News
Howden Joinery Group shares fall on Berenberg downgrade
Howden Joinery Group shares dropped on Tuesday as Berenberg lowered its recommendation on the stock to ‘hold’ from ‘buy’ and cut the target price to 450p from 550p.
Pantheon confirms drilling completion at Polk County well
Oil and gas exploration company Pantheon Resources announced the completion of drilling activities, and planned flow testing, at VOBM#3 well, Polk County, onshore East Texas on Tuesday.
German business confidence jumps in October
The IFO institute´s business confidence index for Germany jumped from a reading of 109. 5 in the month of September to 110. 5 for October.
Segro boosted by Barclays upgrade
Segro got a boost on Tuesday as Barclays lifted the stock to ‘overweight’ from ‘equalweight’ and upped the price target to 520p from 450p, saying the company was the largest and most liquid way to play the logistics investment theme.
Whitbread wilts as sweeter dividend masks Costa concerns
Whitbread sprinkled a 5% dividend hike on a strong set of interim results, but investors overlooked acceleration at the Premier Inn hotels arm to focus on a dip in profits from Costa coffee shops.
Countrywide slumps on Jefferies downgrade
Countrywide was under the cosh on Tuesday as Jefferies downgraded the stock to ‘hold’ from ‘buy’ and slashed the price target to 180p from 300p.
Clinigen Group extends partnership with BTG
AIM-listed pharmaceutical Clinigen Group’s Idis Global Access division extended its four-year partnership with BTG, a healthcare company, to manage its critical care portfolio across the whole of Europe and new territories in Asia.
Deutsche Bank lifts target price for Barclays ahead of quarterly results
Analysts at Deutsche Bank lifted their target price on shares of Barclays ahead of the lender´s third quarter figures due out on 27 October.
Sabien Tech's revenue falls but sales pipeline recovers
AIM-listed Sabien Technology Group, a manufacturer of endotherm boiler energy efficiency technologies, reported that full-year revenue fell by nearly 50% but its sales pipeline has increased due to a change in its policy.
Anglo American pleases with production report
Anglo American delivered a third quarter production report showing increased diamond, nickel and iron ore output and lower copper in-line with expectations, with full-year guidance mostly reiterated.
Rise of the robots could see 850,000 in public sector jobs by 2030
Public sector jobs appear to be the most threatened by the rise of automation, as a new study from Oxford University and Deloitte has found that more than 850,000 administrative jobs could be transferred to robots by 2030.
Norsk Hydro earnings down but board remains confident
Norsk Hydro posted a trading update on Tuesday, with underlying earnings before financial items and tax declining to NOK 1. 48bn in the period, down from NOK 1,62bn in the second quarter.
Shoe Zone's revenue to rise as it closes loss making stores
Shares in AIM-listed value retailer Shoe Zone rose over 15% on Monday as it reported that its full year revenue is expected to increase, while it closes loss making stores.
Glencore extends rally after coal contract boost
Glencore hit a 15-month high on Tuesday after news emerged that it had agreed a much improved coal deal with an important Japanese buyer.
Europe open: Stocks rise as miners, earnings provide a boost
European stocks rose in early trade, boosted by a strong showing in the mining sector and some well-received earnings.
St. James´s Place reports 21% jump in third quarter gross inflows
St. James´s Place reported a 21% rise in gross inflows for the latest three-month stretch to reach £2. 8bn, with the political uncertainty after the referendum not having had any distinguishable impact on its day-to-day business.
French business confidence slips in October
French business confidence slipped in October amid a dip in a gauge for firms´ past activity levels.
London open: Stocks push higher as miners gain ground
London stocks edged higher in early trade, with miners pacing the advance as investors sifted through earnings and looked ahead to a speech by Bank of England governor Mark Carney.
Monte dei Paschi announces restructuring plans, shares jump
Banca Monte dei Paschi di Siena´s new chief, Marco Morelli, unveiled a broad revamp of the lender´s operations just six weeks into his new job in a bid to win over investors and secure its survival.
3i to sell debt management business to Investcorp
Investment manager 3i Group is to sell its debt management business to Investcorp, a Bahrain-based manager of alternative investments, for around £222m to focus on growing its private equity and infrastructure portfolios.