Latest News
Canaccord downgrades Randgold Resources ahead of FY results
Canaccord Genuity on Friday downgraded Randgold Resources to ‘hold’ from ‘buy’ and cut the target price to 6,400p from 7,180p.
EasyJet flies lower on Goldman, Davy downgrades; IAG gets a boost
Shares in budget airline easyJet flew lower on Friday as Goldman Sachs and Davy downgraded their stances on the stock.
Microsoft tops estimates all round as cloud revenue soars
Tech giant Microsoft reported its earnings for its fiscal second quarter after markets closed on Thursday, showing a comprehensive beat on both revenue and income.
Lancashire Holdings appoints Andrew McKee CEO of Cathedral Underwriting
Bermuda-based insurance company Lancashire Holdings has appointed Andrew McKee as chief executive of Cathedral Underwriting, effective from 26 June and subject to regulatory approval.
Europe open: Stocks nudge lower as UBS drops, Tesco rallies
European stocks nudged lower in early trade, with banks under pressure after results from UBS, as investors looked to the release of US economic growth figures later in the day.
Paragon quarterly profit in line with expectations
Banking group Paragon’s first quarter profits were in line with expectations due to cost controls and good trends in high margins and volumes, as the company transitions to a lending and operational model.
London open: Stocks little changed but Tesco and Booker surge on merger news
London stocks were little changed in early trade as investors looked to US economic growth figures and a meeting between UK Prime Minister Theresa May and US President Donald Trump, as Tesco and Booker surged on news the two are merging.
Tesco to take on Booker Group in £3.7bn merger
The boards of food retailer Tesco and wholesaler Booker Group announced on Friday that they have reached an agreement on the terms of a recommended share and cash merger to create the UK's leading food business.
UK Commercial Property Trust completes sale of Soho office
Guernsey-based UK Commercial Property Trust has completed the off-market sale of office asset 13 Great Marlborough Street, in London W1, for £30. 5m, reflecting a 3. 3% net initial yield.
Friday newspaper round-up: ATMs, Imperial Brands, nuclear power
More than one in seven free-to-use cash machines across the UK could start charging or be shut down if the simmering row about the Link network cannot be resolved, an industry lobby group has warned. After a crucial meeting of the more than 30 members of the Link cash machine network failed to reach an agreement over a new charging system, the ATM Industry Association said 8,000 ATMs were at risk of being removed or starting to charge for withdrawals. – Guardian.
London pre-open: Stocks seen flat as investors eye US GDP
London stocks were set for a broadly flat open on Friday following uninspiring leads from the US and Asia, as investors looked to some key US growth figures and a meeting between UK Prime Minister Theresa May and US President Donald Trump.