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BHP H1 profits soar on prices recovery as dividend doubles
Australian mining giant BHP Billiton more than doubled its interim dividend payout as it reported a massive jump in underlying profits which were underpinned by a recovery in commodity prices and demand from China.
Artilium gains 5-year contract extension with biggest customer
Artilium, a provider of telecommunication software, has expanded its mobile virtual network enabler platform deal with its largest customer, Telenet Group, for the next five years.
Saudi Aramco flotation may be pushed back until 2019
Efforts to float a stake of Saudi Arabian state oil firm Saudi Aramco have been stunted, with the date of potentially world's largest ever IPO being pushed back as far as 2019.
Investec upgrades WH Smith, highlights global travel market potential
WH Smith got a boost as Investec lifted the stock to ‘buy’ from ‘hold’ and bumped up the price target to 1,900p from 1,550p.
Galliford Try hikes interim dividend 23% on confident outlook
Galliford Try upped its interim dividend by 23% as it entered the second half with growing profits and record order books in two of its three businesses but saw construction profits fall as new management continues to deal with legacy issues.
Investec "reluctantly" downgrades OneSavings after strong run
Investec has “reluctantly” downgraded OneSavings Bank to ‘hold’ from ‘buy’, holding the price target at 385p.
Europe open: Flat start as investors continue to eye political risk
European stocks began Tuesday little changed ahead of the release of key eurozone manufacturing and service sector surveys and several speeches from US central bank officials later in the day.
AO World slumps on Morgan Stanley downgrade
Online electrical goods retailer AO World slumped on Tuesday as Morgan Stanley downgraded its stance on the stock to ‘underweight’ from ‘equalweight’ and cut the price target to 135p from 170p.
London open: Stocks edge lower, with HSBC under pressure after results
Stocks in London edged lower in early trade as investors sifted through a raft of corporate news, including a disappointing set of results from banking giant HSBC.
Balfour Beatty to sell Middle East JVs for £11m
Infrastructure firm Balfour Beatty has agreed to sell its stake in the Dutco Balfour Beatty and BK Gulf for £11m, subject to regulatory approval, in order to focus on the its markets in the UK, US, and Far East.
Bonds: Gilts underperform, euro area periphery debt in focus
These were the movements in some of the most widely-followed 10-year sovereign bond yields:.
Wolseley to merge Swiss plumbing and heating business with Walter Meiro
Building materials firm Wolseley is to merge its Swiss plumbing and heating business with Walter Meiro, a Swiss heating and ventilation and air conditioning distributor.
Anglo American shines with return to FY profit; divi to resume by end-2017
Anglo American on Tuesday reported a return to pre-tax profits of $2. 6bn from a loss of $5. 4bn a year earlier, adding that it would resume dividend payments by the end of 2017 and suspend its asset sales programme.
Safestore locks up solid first quarter improvements
Self storage provider Safestore posted its first quarter trading update for the three months to 31 January on Tuesday, with like-for-like revenue up 9. 4% year-on-year to £29. 2m - though at constant exchange rates, the improvement was just 4. 7%.
Mediclinic warns there will be a fall in revenue for Middle East business
Mediclinic’s Swiss and Southern Africa businesses have traded in-line with expectations for the 2016 financial year, however the Abu Dhabi business continued to be “challenging” and the private healthcare group warned that there would be “steeper revenue decline” and lower earnings for the Middle East business.
CYBG 'evaluating opportunities' after Williams & Glyn talks cease
A day after it emerged in media reports, banking group CYBG confirmed on Tuesday morning that it had ceased discussions with RBS Group over the Williams & Glyn operations.
Wood Group retains cautious outlook going into 2017
Wood Group saw full-year 2016 profits sink amid challenging conditions in its core Oil & Gas market - describing the pricing environment as competitive - and said it remained cautious about the near-term outlook.
Earnings rise dramatically at The Renewables Infrastructure Group
The Renewables Infrastructure Group announced its results for the year to 31 December on Tuesday, with a total shareholder return for the year of 15. 7% on a share price basis and 9. 3% on a net asset value basis.
LondonMetric buys two distribution warehouses
LondonMetric has acquired a regional distribution warehouse in Wakefield for £9. 5m and a last mile distribution warehouse in Dartford for £6. 3m, reflecting a blended net initial yield of 5. 8% and a reversionary yield of 6. 4%.
SVG Capital confirms £300m buyback after tender
SVG Capital announced the results of a tender offer on Tuesday, which it set out on 23 January and which closed on 20 February.