Headline News
Melrose Industries updates on RRSPs, shares surge
Melrose Industries surged on Monday after it released a document explaining the accounting around its 19 Risk and Revenue Sharing Partnerships (RRSPs) and said the portfolio was "well positioned" to generate significant returns for investors in the coming decades.
Boeing launches $19bn share sale to bolster finances
Boeing said on Monday that it had launched a $19bn share sale as it looks to bolster its finances.
Philips lowers sales outlook amid China weakness
Philips reported flat comparable sales of €4. 4bn for its third quarter on Monday, as the Dutch medical devices maker faced a significant decline in demand from China.
BT said to explore sale of Radianz unit
BT Group is reportedly working with investment bankers on a possible sale of its Radianz unit as part of chief executive Allison Kirkby’s plan to simplify the UK telecoms group.
Lloyds assessing implications of motor finance court rulings
Lloyds Banking Group updated the market on recent Court of Appeal rulings concerning motor commission arrangements on Monday, which set a new standard for motor dealers acting as credit brokers, requiring them to disclose commissions paid by lenders more comprehensively to customers.
Computacenter warns on profits after softer end to Q3
Computacenter downgraded its full-year profit guidance on Monday after a softer-than-expected end to the third quarter.