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Barclays upgrades Burberry on valuation, strategy
Barclays upgraded luxury retailer Burberry to ‘overweight’ from ‘equalweight’ and upped the price target to 1,760p from 1,450p on strategy and valuation.
Devro sees 2016 profit in line with expectations
Devro said on Wednesday that underlying profit for the full year 2016 is expected to be in line with the board’s views.
Tullow Oil disappoints with 2017 production guidance for TEN field
Following first oil from its TEN field offshore Ghana in August, Tullow Oil produced an average of 65,500 barrels of oil per day from West Africa and said in 2017 it expects to average between 78,000 and 85,000 bopd, though this was below some analysts' expectations.
Interserve trading in line, on track for FY
Support services and construction group Interserve said trading in the year to the end of December was in line with its previous guidance and expectations for the full year are unchanged.
Ted Baker retail sales up 18% over Christmas period
Fashion retailer Ted Baker reported a jump in retail sales over the Christmas period and said results for the year are likely to be in line with its expectations.
Europe open: Stocks edge lower as investors await Trump conference
European stocks edged lower in early trade as investors awaited US President-elect Donald Trump’s first press conference since July, with updates from Sainsbury’s and Cobham in focus.
Saga on track to meet full-year expectations
Specialist in products and services for life after 50, Saga, provided an update on its trading over the period from 1 August to 10 January on Wednesday.
Inchcape ADRs admitted to OTC trading
Independent multi-brand automotive distributor and retailer Inchcape announced on Wednesday that its American Depositary Receipts had been formally admitted to trading on the over-the-counter platform in the United States, via a sponsored Level I ADR program.
London open: Stocks flat as investors eye data, Trump conference
Stocks in London were steady in early trade as investors eyed the release of UK manufacturing and industrial production numbers and a speech by US President-elect Donald Trump, while sifting through corporate news.
Vectura makes 'significant progess' in third quarter
Inhaled airways disease device and formulation business Vectura Group announced an unaudited pre-close update on Wednesday, ahead of its results for the nine months to 31 December, due in March.
CLS acquires five properties for £31m
CLS Holdings announced on Wednesday that it has acquired five properties in the UK from a private investor for £31. 4m, including costs, generating rents of £2. 5m per annum from 10 tenants and representing a net initial yield of 8%.
SEGRO signals surge for earnings, NAV
SEGRO updated the market on Wednesday over its valuation and trading ahead of its full year results for the 2016 calendar year, due to be published on 17 February.
John Laing exit from Polish motorway gets pre-empted
Investor in and manager of infrastructure projects John Laing Group updated the market on the disposal of its shareholding in A1 motorway project in Poland on Wednesday, having entered into an agreement to dispose of its 29. 69% investment in Gdansk Transport on 4 November.
PageGroup gross profit up but UK still struggling
FTSE 250 recruiter PageGroup posted a rise in fourth-quarter gross profit and said it expects operating profit for 2016 to be towards the top end of the range of market forecasts.
Cineworld revenue jumps as it hits record admissions levels
Cineworld reported a jump in total revenue for the year to the end of December 2016 as it reached record admissions levels and said its performance overall is expected to be in line with current market views.
Taylor Wimpey upbeat after year of broad growth
Housebuilder Taylor Wimpey updated the market on its trading ahead of its full year results for the 2016 calendar year, which it said will be announced on 28 February.
Sainsbury's strong supermarket sales surprises as Argos boosts online
Sainsbury's third quarter like-for-like grocery sales were surprisingly positive and group revenue was further lifted by recently acquired Argos as online sales proved a crucial factor over the key festive period.
London pre-open: Stocks seen lower ahead of data, Trump speech
Stocks in London were set to open a touch lower on Wednesday as investors eyed the release of UK manufacturing and industrial production numbers and a speech by US President-elect Donald Trump.
Wednesday newspaper round-up: Bovis Homes, VW, UK growth forecasts
Bovis Homes has been accused of pressuring customers to move into unfinished houses before Christmas by offering them cash incentives, a week before it issued a profit warning. Several Bovis customers said they had been offered cheques of £2,000 to £3,000, or other incentives, if they completed on their house purchases before 23 December. – Guardian .