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London open: Stocks wobble at start of result season, IMF downgrades
Shares continued to fall on Monday, continuing the slide than began at the end of last week ahead of a huge week for company news and as the IMF downgraded growth forecasts for the UK and US.
NewRiver sells entire residential part of Burgess Hill project
NewRiver exchanged conditional contracts for the pre-sale of the entire residential part of its mixed-use development at the Burgess Hill town centre, it confirmed on Monday.
Cranswick churns out 27pc growth in first quarter
Meat products producer Cranswick churned out impressive revenue growth in the first quarter of the year and stated its confidence of hitting full year targets.
Reckitt battles tough markets and disappointing Mead margins
Reckitt Benckiser boosted its interim dividend 14% as it reported a solid first-half performance in the face of "tough" market conditions and slightly weaker profit margins from newly acquired baby food business Mead Johnson Nutrition.
Randgold ramps up at Tongon, directs rhetoric at Ivorian government
Randgold Resources was continuing to ramp up production at its Tongon gold mine in Côte d'Ivoire, tracking towards its 2017 target of 285,000 ounces, the company reported on Monday morning.
London pre-open: Stocks seen lower ahead of busy week
London stocks were set for a weaker open on Monday ahead of a busy week of earnings, as investors digested news that the International Monetary Fund has cut its forecasts for UK and US economic growth this year.
Monday newspaper round-up: Opec, profit warnings, British Gas, banks
Ministers from some of the world’s leading oil-producing nations are due to meet in St Petersburg today, amid mounting concern that an international deal to bolster crude prices may be at risk of unravelling. The meeting in the Russian city comes amid growing evidence that some members of the Opec club of 14 exporters have ceased complying fully with a deal brokered eight months ago aimed at reducing world oil supplies by 1. 2 million barrels per day. - The Times.
Sunday share tips: Morgan Sindall, CentralNic
The construction sector can be a tough bet, writes John Collingridge in the Sunday Times’ Inside The City column, noting the number of recent collapses including Connaught and Rok, as well as the the tough few years for Balfour Beatty and the recent profit warning from Carillion.
Sunday newspaper round-up: Asda, B&M, Greece, Brexit
Asda is exploring a £4. 4bn takeover of B&M, the fast-growing discount retailer run by billionaire brothers Simon and Bobby Arora. Britain’s third-biggest supermarket chain is understood to be in the early stages of assessing a bid for B&M, which is chaired by the former Tesco boss Sir Terry Leahy. - The Sunday Times.
Week ahead: US FOMC in focus
This coming week all eyes will be on the policy statement issued by the US Federal Open Market Committee at the end of two days of meeting, on Wednesday.
Sunday newspaper round-up: Asda, B&M, Greece, Bowling, Brexit
Asda is exploring a £4. 4bn takeover of B&M, the fast-growing discount retailer run by billionaire brothers Simon and Bobby Arora. Britain’s third-biggest supermarket chain is understood to be in the early stages of assessing a bid for B&M, which is chaired by the former Tesco boss Sir Terry Leahy. - The Sunday Times.
Sunday share tips: Morgan Sindall, CentralNic
The construction sector can be a tough bet, writes John Collingridge in the Sunday Times’ Inside The City column, noting the number of recent collapses including Connaught and Rok, as well as the the tough few years for Balfour Beatty and the recent profit warning from Carillion.