Credit Suisse stays 'underweight' on non-financial cyclicals but adds to miners

Analysts at Credit Suisse reiterated their 'underweight' stance for most European non-financial cyclicals on valuation grounds - but not on miners.

GSK, SK Bioscience to start Phase 3 Covid vaccine trial

South Korea’s SK Bioscience and the UK’s GlaxoSmithKline on Tuesday said they would start a phase 3 clinical study of SK’s Covid-19 vaccine candidate combined with GSK's pandemic vaccine booster.

Grafton posts record H1 profits, reinstates dividend

Building materials and DIY group Grafton on Wednesday reported record profits and reinstated its dividend after a strong performance from its Woodies business in Ireland.

Polymetal lifts capex guidance, speeds up projects

Gold and silver miner Polymetal raised capital expenditure forecasts to reflect global inflation and accelerating several projects to take advantage of high silver prices.

GFG in talks with White Oak on Liberty refinancing - reports

The owner of Liberty Steel is in talks with the US lender White Oak Global Advisors over a refinancing deal, UK media reported Monday.

Glencore invests in UK gigafactory startup Britishvolt

Mining giant Glencore on Tuesday said it had bought a stake in Britishvolt, the battery start-up building a gigafactory in the UK.

UK govt to review green energy tariffs

The UK government has started a probe into renewable energy tariffs over concerns that providers are overstating environmental benefits.

Germany to sell up to 25% of stake in Lufthansa

The German government plans to sell up to a quarter of its 20% stake in Lufthansa over the coming weeks, the state finance agency said on Monday, as the airline’s actions to weather the Covid-19 crisis started to pay off.

Heathrow says Covid tests costs 'a barrier' as July passenger number surge

Babcock sells Frazer-Nash Consultancy to KBR for £293m

Defence and aerospace engineer Babcock said it has sold its Frazer-Nash Consultancy to US peer KBR for £293m as part of its disposal programme to bolster its balance sheet.

Macquarie takes majority stake in UK's Southern Water for £1bn

The Australian infrastructure investor Macquarie has taken a majority stake in Southern Water for more than £1bn, a month after the troubled UK utility was slammed with a £90m record fine for illegally pumping billions of litres sewage into rivers and coastal waters.

Taylor Wimpey lifts guidance, pays dividend as profits return

Home builder Taylor Wimpey on Wednesday upgraded annual guidance and reinstated its dividend as it swung to a first-half profit on the back of a booming housing market.

UK July private sector growth slows on supply issues, worker shortages

UK private-sector growth slowed sharply in July and inflationary pressures increased as supply-chain issues and enforced worker absences due to Covid-19 isolation rules hit the economy, a survey showed on Wednesday.

Rolls-Royce swings to small profit, maintains 2021 targets

Aircraft engine maker Rolls-Royce swung to an interim profit as it continued to cut costs and looked to turn cash-flow positive during the second half of the year.

StanChart resumes dividend, announces buyback as profits rise

Standard Chartered reported a rise in first-half profits and said it was resuming dividends against an improving economic backdrop.

Heineken warns on rising costs, Covid as H1 profits soar

Brewing giant Heineken on Monday reported better-than-expected interim profits but warned of a weaker second half due to higher costs and the Covid-19 pandemic.

News Corp to buy oil data firm Opis in $1.15bn deal

News Corp has agreed to acquire US oil pricing agency Oil Price Information Service (OPIS) and related assets from S&P Global and IHS Markit for about $1. 15bn, the media conglomerate said on Monday.

HSBC resumes dividends as first-half profits soar

HSBC on Monday said it would reinstate dividends after first-half profits more than doubled as an ongoing restructuring and pivot to Asia continues to pay off.

Fed's Powell says Covid-19 will be with us 'for a while'

The head of the Federal Reserve said that Covid-19 was likely to be with us "for a while".

Primary Health Properties buys Bury centre, office block for £40m

Primary Health Properties on Friday said it had bought the Townside Primary Care Centre and adjacent office building in Bury, Lancashire for £40m.