Latest News
Unite Group lifts dividend as profits slide
Student accommodation manager and developer Unite Group reported a “strong” financial performance in its first half, with EPRA earnings up 12% to £40. 4m, or 18p per share.
Echo Energy upbeat after signing of technical evaluation agreement at Rio Salado
South and Central America-focussed upstream gas company Echo Energy announced the signature of a technical evaluation agreement (TEA) for the Rio Salado Block, onshore Bolivia on Wednesday.
GSK cuts full year earnings target and sets out new 2020 priorities
GlaxoSmithKline cut its full year guidance for earnings per share to 3-5% at constant exchange rates from the previous 5-7% after sales growth slowed in the second quarter, while a new strategic rejig will see a flat dividend next year.
Motorpoint performance continues in first quarter
Independent vehicle retailer Motorpoint saw the improved performance in the second half of its previous financial year continue into the first quarter, its shareholders heard on Wednesday, with the rate of sales growth maintained and the group’s gross margins remaining in line with expectations.
Animalcare trading in line as it changes accounting date
Veterinary medicine supplier Animalcare Group said trading for the year ended 30 June was in line with current market expectations, as it changed its accounting date to 31 December as part of the acquisition of Ecuphar, completed on 13 July.
FTSE 100 movers: ITV rallies on update; GSK drops after cutting guidance
London's FTSE 100 was up 0. 3% to 7,457. 60 in afternoon trade as investors continued to mull over the latest UK GDP release.
Fevertree co-founder pockets £29m from share sale
Fevertree Drinks chief executive and co-founder, Tim Warrillow, has sold £29m worth of shares in the company.
London midday: Stocks hold gains as GDP meets expectations
London stocks were maintaining gains by midday as investors waded through a deluge of earnings and digested the latest reading on the UK economy, which met expectations.
Joules profits jump in first full year since floating on AIM
Profits at retailer Joules jumped in its first full year since floating on AIM as revenue rose thanks to strong international and online growth.
Europe midday: Stocks extend gains as investors mull earnings; Fed eyed
European stocks had extended gains by midday as investors sifted through more earnings and eyed the latest policy announcement from the Federal Reserve.
Mobile Streams celebrates subscriber numbers while revenue plummets
Emerging markets-focussed mobile media company Mobile Streams reported a quadrupling of active subscribers in its primary Indian market during its financial year on Wednesday, with more than 200,000 members as at 30 June.
Harworth makes progress at AMP and Waverley
Brownfield regeneration and property investment specialist Harworth Group signed a conditional 20-year lease with McLaren Automotive on a new 75,000 square foot bespoke unit at the Advanced Manufacturing Park, it announced on Wednesday.
Compass Q3 organic revenue up 3.9% on strong US performance
Global catering giant Compass said it continued to have a good year with a 3. 9% rise in third quarter organic revenue, boosted by a strong performance in North America.
Wednesday broker round-up
Acacia Mining: Credit Suisse downgrades to Neutral with a target price of 200p.
UK economic growth remains lacklustre in second quarter
UK economic growth remained tepid in the second quarter, according to the Office for National Statistics, though the initial estimate for gross domestic product was in line with economists' forecasts.
Jupiter reports 16% rise in assets on strong net inflows
Asset manager Jupiter Fund Management saw a 16% increase in its assets under management in the first half of 2017, the firm reported on Wednesday.
US pre-open: Stocks seen flat ahead of more earnings, Fed
US futures pointed to a muted open on Wall Street on Wednesday as investors awaited more earnings and a rate announcement from the Federal Reserve.
GKN H1 profits and revenue up but margins drop, aerospace unimpressive
Engineer GKN reported a jump in first-half profits on Wednesday as it said it has closed its UK defined pension scheme, but margins were down across the board and the performance of the aerospace division failed to impress.
Asia report: Markets mixed as dollar stagnates
Markets in Asia were mixed on Wednesday, with traders focussing on a higher oil price as well as a stagnant dollar, ahead of the Federal Open Market Committee’s two-day policy meeting finishing.
Hammerson H1 profits boosted by record leasing activity
Retail property developer Hammerson reported a rise in first half pre-tax profits of £289. 7m from £167. 2m boosted by record leasing activity and positive capital value growth helped by high-growth markets in Ireland and premium outlets.