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Goldman Sachs reportedly to move London operations to Frankfurt
US investment bank Goldman Sachs is reported to be considering the move of some of its London operations to the German city of Frankfurt, over fears that Britain will lose access to the free market when Brexit becomes reality.
US pre-open: Stocks set for further gains as investors mull Trump win
US stocks looked set for more gains at the open on Thursday as investors continued to mull over the implications of Donald Trump’s presidential victory.
S&P reaffirms US at AA+, highlights institutional strengths
The US Republican party’s ‘sweep’ of the executive and legislative branches of their government means a mandate for change and less ‘political gridlock’ on Capitol Hill, the world’s most influential debt ratings agency said.
Grafton's third quarter revenue rise 'satisfactory'
Builders merchant Grafton said that its performance in the third quarter was “satisfactory” as revenues grew in the UK, Ireland, and Belgium, while operating profit was in line with expectations.
Devro slumps as it warns on 2017 volumes and operating profit
Devro slumped after it cautioned that sales volumes and underlying operating profit in 2017 will be lower than expected, mainly on the back of sales declines in Latin America.
Bovis Homes left with an 'add' rating by Numis after trading update
Numis reiterated an ‘add’ rating and a target price of 939p on Bovis Homes on Thursday after the housebuilder reported a full year trading update.
Supergroup surges as it posts jump in H1 sales, says FY profit will meet views
Supergroup shares surged on Thursday after the FTSE 250 owner of clothing brand Superdry reported a bigger-than-expected jump in first-half revenue and said it expects full-year profit to be in line with market expectations of £84. 6m.
Aldermore increases new lending to business customers
Retail bank Aldermore’s new lending to business customers increased in the year to date, while capital growth rose in the third quarter.
Vedanta Resources ramps up production
Global natural resources company, Vedanta, has increased its production on aluminium, power and iron ore businesses during the first half.
RBC Capital ups Aldermore to 'outperform' after Q3 results
RBC Capital Markets upped its stance on Aldermore to ‘outperform’ from ‘sector perform’ and lifted the price target to 210p from 190p after the challenger bank’s third-quarter update.
Derwent London breaks records in third quarter
Derwent London posted an update on its trading for the third quarter to 30 September on Thursday, saying the year-to-date had broken its own records for lettings, surpassing the full year 2015 with 495,300 square feet securing £28. 3m pa of rental income.
Protests emerge across US after Trump win
Major cities in the United States have been rocked by large protests against the election of Donald Trump to the White House.
FTSE-listed miners boosted by HSBC note
Shares in Rio Tinto and Glencore gained on Thursday as HSBC initiated its coverage of the mining stocks with a ‘buy’ rating.
ITV's revenues rise but Q3 affected by economic uncertainty
ITV’s revenues increased in the third quarter as it rebalanced the television network but advertising revenue was down due to political and economic uncertainty.
Next Fifteen buys stake in market research agency HPI
AIM-listed digital communications group Next Fifteen has bought an 85% stake in London-based market research agency HPI Research through its data and insights subsidiary Morar Consulting, in a deal that is expected to be immediately earnings-enhancing.
Beazley nine-month gross premiums written up 2%
Lloyd’s of London insurer Beazley posted a 2% rise in gross premiums written in the first nine months of the year, mainly on the back of strength in its specialty lines division.
Weak sterling gives IMI a boost
Specialist engineering company IMI issued its interim management statement on Thursday, for the period from 1 July to 30 September.
UBM expects 'incremental' benefit from foreign exchange rates
Business-to-business event organiser UBM said that it had continued to perform in line with management expectations during the year, as it anticipates an “incremental” benefit from foreign exchange rates.
Astrazeneca reports worse-than-expected drop in Q3 revenue
Astrazeneca shares edged lower on Thursday as it reported a worse-than-expected drop in third quarter revenue.
Prudential sells Korean life insurance business
FTSE 100 financial services group Prudential has agreed to sell its life insurance business in Korea, PCA Life Assurance, to Mirae Asset Life Insurance for £119m.