Latest News
Investment in commercial property still going strong post Brexit-vote
The rally in investment demand in the UK commercial property market has continued after the EU referendum, according to the Royal Institution of Chartered Surveyors (RICS).
May goes to Washington: PM hopes to renew special relationship
Prime Minister Theresa May is heading to Washington on Thursday to meet President Donald Trump to boost talks of a bilateral trade deal with the US once Britain leaves the EU and “renew the special relationship for this new age”.
ITM Power revenues fall as it builds up infrastructure
Energy storage and clean fuel company ITM Power announced its interim results for the six-month period to 31 October on Thursday.
FDA grants AstraZeneca six months paediatric exclusivity for Symbicort
The US Food and Drug Administration has granted AstraZeneca six months of paediatric exclusivity for its Symbicort inhalation aerosol for asthma.
Facebook alters 'trending' feature to combat fake news
Social networking behemoth Facebook has begun to increase its efforts to combat the epidemic of 'fake news', by ensuring its trending feature only contains news from credible sources.
London midday: Stocks rise as fourth quarter UK GDP beats forecasts
London stocks rose on Thursday after official data showed the UK economy grew more than expected in the fourth quarter.
Zoo Digital sees ninefold improvement in earnings for full year
Zoo Digital, a provider of subtitling and digital distribution services, expects to see a “significant improvement" for the 2017 financial year, as the company’s performance in the first half has continued into the second.
AT&T CEO optimistic about Trump era as earnings match estimates
As AT&T reported a solid set of earnings chief executive officer Randall Stephenson has welcomed Donald Trump's new administration and said that he believes its policies will be beneficial for the telecoms company.
Unilever sales rise but miss forecasts, expects 'slow start' to 2017
Unilever reported that revenue grew but missed expectations as the Anglo-Dutch consumer goods giant was affected by economic woes in Brazil and demonetisation in India, two of its largest markets, and expects the difficult market conditions to continue in 2017.
Asia report: Markets higher on quiet day after Dow surge
Markets in Asia were mostly higher on Thursday, following on from a stellar session in the US overnight after the Dow broke through 20,000, amid a raft of executive orders from US President Donald Trump.
Smiths Group completes disposal of Power business
Engineer Smiths Group has completed the sale of Smiths Interconnect's Power business to private investment firm Dunes Point Capital for an enterprise value of £162m.
Standard Life's UK pensions chief steps down
Standard Life pensions and savings chief Paul Matthews will retire from the life insurer after 28 years at the company.
BHP Billiton's shares fall as Deutsche Bank cuts target price
BHP Billiton’s shares fell on Thursday as Deutsche Bank reiterated a ‘hold’ rating and cut the target price to 1,390 from 1,410p, following the group’s half year operational review.
US pre-open: Stocks set for fresh highs
Stocks on Wall Street looked set for fresh records on Thursday as investors looked ahead to a slew of corporate and macroeconomic releases.
Credit Suisse upgrades IMI, downgrades Rotork
Credit Suisse has upgraded IMI to ‘outperform’ from ‘neutral’ and downgraded Rotork to ‘neutral’ from ‘outperform’, lifting the former’s price target to 1,220p from 1,020p and cutting the latter’s to 250p from 230p.
Euromoney benefits from weak pound during quiet first quarter
Euromoney Institutional Investor, an international business information and events group, has gained from the fall in the pound against the dollar during a quiet period in the first quarter.
Countryside Properties remains confident for 2017 despite Brexit uncertainty
Countryside Properties quarterly completions rose as its average selling price increased with the housebuilder confident for its full year results despite economic uncertainty over Brexit.
RBS confirms £6.7bn provision for likely penalty from US regulators
Royal Bank of Scotland has confirmed it will take a further £3. 1bn provisions to pay off a looming penalty in the US for its sale of residential mortgage-backed securities in the run up to the financial crisis.
UK GDP rises more than expected in fourth quarter, ONS reveals
The UK economy grew more than expected in the fourth quarter of 2016 despite the uncertainty surrounding Brexit, according to a preliminary estimate from the Office for National Statistics on Thursday.
Bank borrowing continues to climb, but BBA eyes 2017 softening
UK banks increased lending levels in December, according to data from the industry published on Thursday, though demand is expected to soften in 2017 as consumers and businesses anticipate higher interest rates.