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Latest News
06 Mar
Wednesday broker round-up

Ibstock: UBS downgrades to neutral with a target price of 270p.

06 Mar
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US job growth slows to 183,000 in February, ADP says

The US jobs market cooled more rapidly than expected last month, but from a much higher base of comparison and in any case economists were continuing to predict steady demand for labour.

06 Mar
ophir energy
SOCO says it won't bid for Ophir as it posts rise in 2018 profit

SOCO International said on Wednesday that it will not make an offer for Ophir Energy after its proposal in January was rejected.

06 Mar
Wall Street, New York Stock Exchange, markets, traders, US, America
US pre-open: Stocks to edge lower as investors seek clarity on Sino-US relations

US stock futures pointed to a slightly weaker open on Wall Street on Wednesday as investors continued to keep an eye on any trade developments between the US and China.

06 Mar
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FDM Group profits increase despite Brexit uncertainty

FDM Group edged lower on Wednesday as it warned that the effects of Brexit on the business were difficult to predict, though the company reported annual profit and revenue growth.

06 Mar
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London midday: Stocks flutter higher as Paddy Power surges

London equity markets had maintained modest gains by midday on Wednesday, helped along by a stellar performance from Paddy Power Betfair and strength in the tobacco sector, but with Brexit and Sino-US trade worries limiting the upside.

06 Mar
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Rambler Metals names Sanjay Swarup as CFO

Mining and development company Rambler Metals and Mining appointed Sanjay Swarup to the position of chief financial officer on Wednesday, effective immediately.

06 Mar
Costain engineers, construction, civil engineering
Costain chief executive to step down after 14 years in charge

Shares in Costain eased in morning trading on Wednesday after the construction and engineering group unveiled a decline in revenues and profits and announced that its long-standing chief executive was stepping down.

06 Mar
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US and UK trade digs over food standards post-Brexit

Woody Johnson, the US ambassador to the UK, has claimed that there is a “smear campaign” against American agriculture as he said US food standards would not lead to lower quality food than under current European Union standards.

06 Mar
cash money sterling pound
'Sleepwalking' into a cashless society could leave millions behind

An immediate transition to a cashless society in the UK could leave behind over 8m people as some consumers lack the ability to pay for goods digitally said the latest report from Access to Cash.

06 Mar
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Brexit delay 'inevitable' as Brussels talks meander

Theresa May's government has continued to struggle in talks with the European Union and a senior cabinet minister has said that a Brexit delay is now "inevitable".

06 Mar
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Aggreko beats expectations but currency headwinds stifle profits

Aggreko's shares edged upwards on Wednesday after the company beat its own guidance following strong performances from its rental business and power solutions industrial unit.

06 Mar
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ThinkSmart swings to profit after ClearPay sale

ThinkSmart's shares climbed on Wednesday after the company swung to a profit after tax following its sale of ClearPay and confirmed it would distribute AU$8m to shareholders.

06 Mar
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OECD cuts global economic growth forecasts; warns against no-deal Brexit

The Organisation for Economic Co-operation and Development has warned that the global economy is weakening, with UK economic growth forecast to dip below 1% this year for the first time in a decade.

06 Mar
ep poole bay drilling rig in england
Nautilus Marine narrows losses despite 'increasingly difficult' conditions

Offshore service industry investor Nautilus Marine Services saw losses from continuing narrow in its last trading year, as admin and operating costs decreased amidst a shift in focus.

06 Mar
gkn melrose jobs
Melrose sells off two GKN assets

Melrose Industries expects to bring in £200m after agreeing the sale of a pair of assets acquired as part of the GKN deal.

06 Mar
paddy power betfair
Paddy Power Betfair plans name change as results hit targets

Paddy Power Betfair said it was planning to change its name to Flutter Entertainment after reporting a rise in revenue but fall in profits for last year.

06 Mar
burberry 2018 fashion
Goldman downgrades Burberry on demanding valuation

Burberry was under the cosh on Wednesday as Goldman Sachs cut its stance on the stock to ‘sell’ from ‘neutral’ and reduced the price target to 1,855p from 2,148p, pointing to a demanding valuation.

06 Mar
biffa
Biffa expects earnings growth following strong second half

Waste management group Biffa traded in line with expectations in the second half of its year.

06 Mar
ford coches cars dealership
Cambria Automobiles aftersales improve despite challenging macro environment

Car dealership chain Cambria Automobiles has seen trading in the first five months of the year improve on 2018, both on a total and like-for-like basis.