Latest News
Dairy Crest slumps on Jefferies downgrade
Dairy Crest slumped on Tuesday as Jefferies downgraded the stock to ‘underperform’ from ‘hold’ and cut the price target to 500p from 640p.
Europe open: Stocks waver as energy issues gain but resources slip
European stocks wavered in early trade as strength in the energy sector was offset by weakness in basic resources.
FirstGroup expects cash flow to steam higher in second half
Bus and rail transport operator FirstGroup chugged to a solid first half as a better performances in North American was partly offset by continuing challenging trading conditions in the UK.
London open: Stocks rise as investors eye inflation data
Stocks in London edged higher in early trade as investors sifted through corporate news ahead of the release of UK inflation figures for October.
Card Factory's sales slow but expects Christmas boost
Card Factory’s sales slowed in the first half of the year due to lower footfall in the retail sector, but the FTSE 250 company expects sales to strengthen as Christmas approaches.
B&M European revenue up as it opens 500th UK store
Multi-price value retailer B&M European Value Retail announced its interim results for the 26 weeks to 24 September on Tuesday, with group revenues increasing by 18. 9% to £1,105. 9m, or by 17. 7% at constant currencies.
TalkTalk first half pre-tax profits up
First half pre-tax profits at troubled telecoms group TalkTalk rose to £46m from £14m as revenues fell by £10m to £902m.
Cineworld posts strong growth as it continues to expand
Cinema operator Cineworld posted a trading statement for the 45 weeks to 10 November on Tuesday, a period in which the group achieved strong revenue growth of 14. 6%, with constant currency revenue growth of 10. 8%.
Crest Nicholson on track for FY revenues of £1bn
FTSE 250 housebuilder Crest Nicholson reported a drop in underlying sales but said it remains on track to report full-year revenues of around £1bn.
McCarthy & Stone delivers record full-year revenue
Retirement housebuilder McCarthy & Stone announced its financial results for the full year ended 31 August on Tuesday.
Wood Group wins $40m contract with ExxonMobil Chemical
Wood Group has been awarded a $40m contract by ExxonMobil Chemical to provide main automation contractor services for a grassroots polyethylene plant to be built in Beaumont, Texas.
Intertek creates water testing joint venture in Mexico
Assurance provider Intertek has partnered with ABC Analitic, a water test provider, to form an environmental services joint venture in Mexico.
Interventional medicine revenue surges at BTG
Specialist healthcare company BTG posted its interim results for the six months to 30 September on Tuesday, with double-digit revenue growth underpinned by 24% constant exchange rate growth in interventional medicine revenues.
Land Securities H1 underlying profit up; Brexit fears hitting rental values
First half revenue profits at property investment group Land Securities rose 4. 5% to £192. 5m despite “hesitant” demand for office space in London in the wake of the Brexit vote and a warning of weaker rental values.
Meggitt remains in line with expectations, appoints new COO
Aerospace, defence and energy component and subsystem company Meggitt issued a scheduled trading update on Tuesday, saying trading since the half year had been in line with expectations.
London pre-open: Stocks seen higher ahead of inflation data
Stocks in London were set to open in the black on Tuesday as investors eyed the release of UK inflation figures.
Smiths Q1 revenues rise on currency movements
Technology group Smiths said first quarter revenues rose 16% on a reported basis reflecting the collapse in the pound against the dollar and euro in the wake of the Brexit result.
Tuesday newspaper round-up: Hammond, Carney, Nato, HS2, Glencore
A slowdown in the UK economy will hit tax receipts and leave the chancellor with little wriggle room for giveaways at next week’s autumn statement, a new report warns. Publishing new forecasts for GDP growth to slow next year as the Brexit vote bites, the consultancy firm PwC said Philip Hammond could afford some spending on big projects such as housing and roads if he changed the government’s fiscal rules. - Guardian.