Latest News
RBS ditches plan to sell Williams & Glyn in favour of challenger fund
Royal Bank of Scotland will ditch plans to sell its Williams & Glyn business and instead set up a fund to help smaller, 'challenger' banks, if a new proposal devised by the Treasury is accepted by the European Commission.
Interserve tanks as it ups energy-from-waste provision
Shares in Interserve tanked on Monday after the construction and support services group said exiting the energy-from-waste markets was likely to cost £160m, up from a previous provision of £70m.
Vedanta Q3 revenue and earnings rise as production ramps up
Vedanta Resources’ third quarter revenue and earnings were up due to commodity prices, and a ramp up of aluminium, power and ore capacities.
Rolls-Royce boosted by Goldman upgrade to 'buy'
Goldman Sachs has upgraded aerospace and defence group Rolls-Royce to ‘buy’ from 'neutral', lifting the price target to 1,030p from 743p and adding the stock to its ‘Conviction’ list, saying the company has the potential to substantially increase free cash flow between now and 2020.
Petra Diamonds first half profits sparkle on revenue rise
A 48% rise in revenues at Petra Diamonds helped to add a sparkle to first half earnings before interest, tax, depreciation and amortisation which jumped to $87. 1m from $48. 5m.
Capital & Regional disposes of Buttermarket Centre
Capital & Regional has completed the sale of the Buttermarket Centre in Ipswich to the National Grid Pension Fund for £54. 7m, at an equivalent yield of 5. 9%, a deal it expects to make an internal rate of return of more than 40% on the total investment.
AstraZeneca offloads Zoladex rights to TerSera
AstraZeneca announced on Monday that it has entered into an agreement with TerSera Therapeutics for the commercial rights to the ‘Zoladex’ goserelin acetate implant in the US and Canada.
London pre-open: Stocks to edge higher; Kraft ditches Unilever takeover plans
Stocks in London were for a slightly firmer open on Monday, tracking a positive session in Asia, with US markets due to be closed for Presidents Day.
Monday newspaper round-up: Lords Brexit debate, Budget, RBS, defence spending
Allies of Tony Blair will attempt to frustrate Brexit in the House of Lords on Monday by urging peers to rally against the Government. The former Labour prime minister, last week urged people to “rise up” against Brexit and support a new movement to keep Britain in the European Union. - Telegraph.