Latest News
Trafalgar New Homes warns on FY pre-tax profit, revenue
Shares in Trafalgar New Homes are down more than 5% as the residential property developer warns its full-year pre-tax profit and revenue will be materially below market views.
Lloyds Banking capital and dividend strength 'key attraction', says RBC
Lloyds Banking Group's capital and dividend strength is a “key attraction” for investors, said broker RBC Capital Markets after the bank brightened the sector with full year pre-tax profits of £4bn.
MTI Wireless Edge wins $1.8m contract with broadband provider
Shares in MTI Wireless Edge climbed on Wednesday after the antenna maker said that it had won a new $1. 8m contract from an existing customer in the broadband wireless access sector.
Glanbia improves FY profit, proposes creation of Glanbia Ireland JV
Nutrional ingredients maker Glanbia has booked an improved full-year pre-tax profit and proposed the creation of a strategic joint-venture to be known as Glanbia Ireland.
Barclays cuts InterContinental Hotels as shares 'up with events'
Barclays cut its rating of Holiday Inn owner, InterContinental Hotels Group to ‘equal weight’ from ‘overweight’ and left its price target unchanged at 4,000p in light of recent US business confidence data.
Thyssenkrupp rallies as it agrees sale of Brazil steel plant
Thyssenkrupp has agreed to sell its steel plant in Brazil, CSA Siderúrgica do Atlântico, to Ternium SA for €1. 5bn.
Walmart reports online sales surge in fourth quarter earnings report
US retailer Walmart Stores reported fourth quarter earnings which were better than expected, showing a surge in online sales which highlights its ability to keep up with ecommerce-based rivals.
Blue Prism sees FY revenue materially ahead, has strong pipeline
Shares in Blue Prism are up almost 10% after anticipating full-year revenue will be materially ahead, and commenting it has a strong pipeline.
Liberum initiates coverage on IMI with 'buy' as costs normalise
Liberum has begun coverage of engineer IMI with a 'buy' rating as it sees an improvement in costs leading to earnings forecasts standing 15% ahead of the analyst consensus.
US pre-open: Stocks seen muted as investors eye FOMC minutes
US futures pointed to a muted open on Wall Street, with investors likely to pause for breath following fresh record closes in the previous session and ahead of the minutes from the latest Federal Reserve meeting.
Mercia Technologies wins EU contracts to invest in northern businesses
Mercia Technologies, which funds technology businesses, has won two contracts to manage the British Business Bank’s new Northern Powerhouse Investment Funds worth £108. 5m.
German Ifo business confidence unexpectedly improves in February
German business confidence unexpectedly improved in February, according to a widely-followed survey.
Wednesday broker round-up
BHP Billiton: Citigroup reiterates Buy with a target price of 1650p.
SerVison secures $2m from US investment fund
Shares in SerVison climbed on Wednesday as the company announced that US investment fund Cascade will invest $2m in the mobile video provider.
ECSC trading in line after IPO
Cyber security services provider ECSC Group announced an update on trading for the 15 months to 31 December on Wednesday.
Eurozone inflation confirmed at 1.8% for January
Inflation in the eurozone rose 1. 8% in January compared to a 1. 1% jump the month before and close to the European Central Bank’s target of just below 2%, data from Eurostat confirmed on Wednesday.
Trump administration to crack down on immigrant deportation
US President Donald Trump is set to crack his immigration whip once again as his administration plans a major tightening of its deportation laws on illegal immigrants.
UK Q4 growth revised up to 0.7%
The UK economy grew more than initially estimated in the fourth quarter of last year, according to data from the Office for National Statistics.
Charles Woodburn to be BAE Systems CEO as Ian King retires
BAE Systems’ chief executive Ian King will retire from the defence company at the end of June, to be succeeded by current chief operating officer Charles Woodburn.
Europe open: Stocks start higher as traders eye euro, German debt
Stocks began on a positive note, tracking gains overnight on Wall Street, even as traders kept one eye on the euro and another on short-term german government bond yields.