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ConvaTec pleased with adjusted earnings performance
Medical technologies company ConvaTec posted its unaudited results for the 2016 calendar year on Thursday, with adjusted revenue growing 2. 3% to $1. 69bn, or 4% at constant exchange rates.
Travis Perkins feels the chill as plumbing, heating hit FY profits
A poor return from heating and plumbing at builder supplier Travis Perkins led to a 67. 4% dive in full year pre-tax profits.
Hastings reports 5% rise in FY operating profit
Hastings Group reported a rise in full-year operating profit as gross written premiums grew.
Informa to buy Yachting Promotions for £106m
Informa has agreed to buy Yachting Promotions Inc, the operator of some of the largest yachting and boat shows in the US, for £106m, from Active Interest Media.
London pre-open: Stocks seen touch lower as investors pause for breath
London stocks were set for a slightly weaker open on Thursday, with investors likely to pause for breath after the blue-chip index hit new highs in the previous session.
Thursday newspaper round-up: Job losses, Dominic Chappell, Snapchat
Nearly 1,400 UK jobs are at risk as pharmacy chain Boots, Walkers crisps and bakery Greggs all cut costs. Both Walkers and Greggs are restructuring their manufacturing operations in an attempt to improve efficiency. The Bakers, Food and Allied Workers’ Union said more than 600 jobs were at risk at nine Greggs bakeries around the UK. – Guardian.
Berenberg upgrades RBS to Buy
Analysts at Berenberg bumped up their recommendation on stock in RBS, pointing to an expected trough in the lender´s tangible book value at roughly 285. 0p.
US close: Dow tops 21k as investors look to likely rate hike
The Dow closed above the 21,000 mark for the first time on Wednesday as US equity markets were buoyed by an expected March interest rate hike and a more conciliatory tone from President Donald Trump on Tuesday when he addressed Congress, while the dollar gained.