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EVRAZ steel production steady in Q4, down for full year
EVRAZ released its operational results for the fourth quarter and full year of 2016 on Thursday, with fourth quarter consolidated crude steel output remaining stable quarter-on-quarter at 3. 4 million tonnes, as production increased at its Russian steel mills and decreased at the North American and Ukrainian assets.
London open: Stocks little changed as investors sift through trading updates
Stocks in London were little changed in early trade as investors sifted through a raft of trading statements ahead of the latest rate announcement from the European Central Bank.
Polymetal to acquire up to 50pc of Prognoz silver deposit
Polymetal International announced on Thursday that it has entered into an agreement with Polar Silver Resources, under which it will participate in the development of the Prognoz silver deposit in Yakutia, Russia.
Safran to buy Zodiac Aerospace
Safran has agreed to buy Zodiac Aerospace for €8. 5bn in a deal that will create the world’s third largest aerospace supplier.
Sales and footfall outperform at British Land properties
British Land posted its third quarter trading update on Thursday, reporting 314,000 sq ft of retail lettings and renewals, which was 8. 7% ahead of estimated recovery value, with a further 189,000 sq ft under offer.
Workspace rent roll rises in Q3 amid solid London demand
Flexible office space provider Workspace posted a rise in total rent roll in the third quarter as occupancy nudged higher amid ongoing customer demand in London.
Ascential to sell HSJ to Wilmington for £19m
Business-to-business media company Ascential has agreed the sale of Health Service Journal to Wilmington for £19m in cash.
Pets at Home Q3 revenue up; FY profit outlook in line
Pets at Home posted a rise in group revenue for the third quarter as it said the profit outlook for the year remains in line with expectations.
London pre-open: Stocks seen touch higher; ECB announcement eyed
Stocks in London were set for a slightly firmer open on Thursday as investors eyed the latest rate decision from the European Central Bank.
Thursday newspaper round-up: Yellen, Aussie trade deal, Rolls-Royce, Rics
Janet Yellen, the chairman of the US Federal Reserve, said the economy had come a long way in recovering from the 2008 financial crisis and that she and her colleagues expect the central bank to raise interest rates “a few times a year” until 2019. Ms Yellen also warned that waiting too long to raise rates could risk a “nasty surprise” down the road, but that increasing interest rates too rapidly would push the economy into a new recession. - Telegraph.
Restaurants and pubs enjoy strong festive trading, Coffer Peach finds
UK pubs and restaurants enjoyed an equal uplift in trading over the Christmas and New Year period, as a bumper six weeks for London drove a second consecutive month's improvement.