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Workspace in £200m private placement to fund investment plans
Workspace has priced a £200m private placement made up of £80m eight-year notes and £120m 10-year notes to fund the group's investment plans.
Johnson Matthey confident as clean air offsets battery declines
Chemicals group Johnson Matthey said the first quarter saw low single-digit sales growth at constant exchange rates but with the weak pound boosting sales to double-digit growth, resulting in no change to guidance for the full year.
Allworld acquisition lifts UBM in first half
Business information and events group UBM reported revenue of £448. 4m in its first half on Friday - an improvement of 18% year-on-year, or 8. 3% at constant currencies.
London open: Stocks edge lower but Barclays bucks trend
London stocks edged lower in early trade on Friday following uninspiring US and Asian sessions, at the end of what has been a manic week in terms of corporate earnings.
Morgan Advanced Materials
Morgan Advanced Materials saw revenue rise 9. 2% to £518. 9m in its first half, it reported on Friday, although the improvement was only 0. 2% on an organic constant currency basis.
BT rings in lower earnings, shuffles executive team
Earnings at BT fell in the first quarter, the telecommunications group reported on Friday, with adjusted EBITDA down 2% to £1. 79bn, while reported revenue was 1% higher at £5. 84bn.
Rightmove H1 profit and revenue rise, confident over full year
FTSE 250 property website Rightmove reported a rise in first-half profit and revenue on Friday.
IAG first-half profits jump, sees double-digit rise in FY profit
British Airways and Iberia parent International Consolidated Airlines Group reported a 14% jump in first-half operating profit on Friday and said it expects profit for the year to rise by a double-digit percentage.
London pre-open: Stocks seen weaker on uninspiring cues
London stocks were set for a weaker open on Friday at the end of what has been a very busy week in terms of corporate news, following uninspiring US and Asian sessions.
Friday newspaper round-up: Sports Direct, Amazon, Branson
Mike Ashley’s Sports Direct has increased its stake in French Connection to 27%, taking it close to a level at which it must launch a takeover bid. Sports Direct has bought out activist investors, including Gatemore Capital Management – a London-based hedge fund that had an 8% stake – and OTK, an investment firm that owned about 7%, to add to an existing 11% stake. – Guardian.
UK consumer confidence slides back to levels post Brexit vote
Economic confidence among British people has deteriorated to its lowest print since the Brexit referendum, according to a widely followed survey released on Friday.