Breaking News
GKN trading year-to-date buoyed by strong US dollar
In the period running up to 5 May GKN saw trading conditions which were in-line with the guidance provided by the firm in February.
Direct Line Group reaffirms full-year guidance
Direct Line Group, the insurer, saw gross written premiums slip by 0. 9% over the first quarter ended in 31 March.
US ISM non-manufacturing index rises to five-month high in April
Activity in the US services sector expanded at its fastest pace in five months in April, increasing hopes that the American economy has bounced back from weakness at the start of the year.
Oil jumps on Saudi price revisions
Both oil benchmarks jumped from the lull in Asian trading on Tuesday following Saudi Arabia’s decision to raise its asking price for crude oil exports to Europe and North America.
S&P lowers rating on Astrazeneca, says outlook is negative
Standard & Poor's has downgraded its rating on Astrazeneca to 'A-1' from 'A-1+', citing a negative outlook amid competition from generic drugmakers.
Spotify raises $350m at $8bn valuation, report says
Spotify, the popular streaming music service, has reportedly raised $350m in a new funding round at an $8bn valuation.
Lloyds beats forecasts with 21% jump in first-quarter underlying profits
Lloyds Banking Group delivered a bigger-than-expected jump in underlying profits in the first quarter as impairment charges more than halved, with the UK lender lifting its net interest margin (NIM) guidance for the full year.