Latest News
Dunelm slumps on Jefferies downgrade
Jefferies downgraded homewares retailer Dunelm to ‘underperform’ from ‘hold’ and cut the price target to 650p from 700p.
Weir Group appoints David Paradis head of Weir Flow Control
Engineering firm Weir Group has appointed David Paradis as division president of Weir Flow Control, a manufacturer of valves and pumps for the oil and gas industry, effective from 23 January.
Chinese full-year trade surprlus shrinks for first time since 2011
Chinese trade was weaker than expected in December - a result which some economists labelled "concerning" - leading to the first shrinkage in the full-year surprlus since 2011.
Revenue up but volumes down at Countrywide
Estate agent Countrywide reported a small increase total group income for the year to the end of December as it said earnings are expected to be in line with the current range of market expectations amid a challenging market and a slowdown in London.
Mitchells & Butlers sees good growth over festive season
Pub operator Mitchells & Butlers issued a first quarter trading statement on Friday, covering the 15 weeks to 7 January, with like-for-like sales growth for the year-to-date improving to 1. 7%.
London pre-open: Stocks seen higher as investors eye US bank earnings
London stocks looked set for a firmer open on Friday following a mostly positive Asian session as investors look ahead to some key US bank earnings and digest the release of mixed Chinese data.
Friday newspaper round-up: Hard Brexit, mortgages, retailers
British companies across all sectors will remain resilient after the country leaves the European Union, even if the UK heads for a "hard Brexit", according to Fitch. Officials at the rating agency said businesses would cope even if Britain did not secure a transition deal with Brussels and fell back on World Trade Organisation (WTO) rules for trade with its former EU partners. – Telegraph.
Commodities: Brent futures gain as Saudi cuts output
Gains for metals and various energy futures pushed commodities' prices higher against a backdrop of US dollar weakness after the President-elect disappointed some in the markets hoping for further details on his economic plans in a speech on the previous day.
Fed´s Bullard says more than one rate hike unlikely in 2017
A top US monetary policy-maker stuck to his view for just one more interest rate hike in 2017.