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Travis Perkins H1 profits drop amid challenging plumbing & heating market
FTSE 250 builders’ merchant Travis Perkins posted a drop in first-half profits on Wednesday despite growing revenues, as it highlighted a challenging plumbing and heating market.
ETI continues to drag on Old Mutual's Nedbank
Nedbank Group - the majority-owned South African banking subsidiary of FTSE 100 firm Old Mutual - saw headline earnings decrease 2. 9% to ZAR 5. 27bn in its first half, it said on Wednesday, although they improved 6. 7% to ZAR 6. 43bn when excluding the performance of its loss-making associate ETI.
FDA gives AstraZeneca 'priority review' for acalabrutinib
AstraZeneca and its haematology research and development centre of excellence, Acerta Pharma, announced on Wednesday that the US Food and Drug Administration (FDA) has accepted and granted priority review for the New Drug Application (NDA) for acalabrutinib.
London pre-open: Stocks seen higher after Apple's earnings impress
London stocks were set for a firmer open on Wednesday, tracking gains on Wall Street after tech giant Apple’s third-quarter earnings beat expectations, pushing the shares to an all-time high in after-hours trading.
Wednesday newspaper round-up: Britain's economy, Saudi Aramco, AA, Apple
Britain’s economy will surge back to life in the next six months following its slow start this year, a leading forecaster has predicted, prompting the Bank of England to raise interest rates next spring – more than a year earlier than its previous projection. The National Institute for Economic and Social Research (NIESR) said a boom in exports after the fall in the pound and a return to bumper wage rises next year would be enough to increase GDP growth to almost 2% and convince the central bank to increase the cost of borrowing.
US close: Stocks end higher as traders await Apple numbers
US stocks finished in the green on Tuesday, ahead of an eagerly awaited update from tech giant Apple after the close, despite a slightly mixed news flow on the corporate front.
Be Heard Group enters into revolving facility agreement with Barclays
Be Heard Group entered into agreement with Barclays Bank in respect of a revolving credit facility, the group announced on Wednesday.