Market Pulse
Muted earnings for Daejan Holdings
A disappointing period for Daejan Holdings, as the property investment firm reported muted earnings in its half-year report on Wednesday.
Thomas Cook reports first post-tax profit in five years
After a five-year holiday, Thomas Cook reported its first annual profit after tax since 2010 and said it had got off to a positive start to the next year as well.
Cobham sells businesses to Meggitt in $200m deal
Specialists technologies provider Cobham has completed the sale of its composites businesses to engineering group Meggitt for $200m (£132. 5m).
Britvic full year profit up 11% but new year sees slow start
Drinks company Britvic reported an 11% rise in pre-tax profit for the year despite a small fall in revenue and said it expects to grow profit in 2016 even though the year has got off to a slow start.
Betfair sees rise in profit driven by strong US and UK market
Betfair’s revenue and profit are ahead of expectations in the first half of the year, despite being compared to a FIFA World Cup year.
Wednesday newspaper round-up: Electricity market, bad loans, Shell/BG, Barclays
For most leaders, admitting they do not understand something is a no-no. But not Deutsche Bank’s new co-chief executive John Cryan — at least when it comes to the bonus culture and his own pay packet. “I have no idea why I was offered a contract with a bonus in it because I promise you I will not work any harder or any less hard in any year, in any day because someone is going to pay me more or less,” he told a conference in Frankfurt. – Financial Times.
United Utilities dividend unaffected despite 18% profits drop
Income investor favourite United Utilities upped its interim dividend by a quarter of a penny at the end of a half-year period where profits were crunched by new regulatory price controls.
London pre-open: Stocks seen higher as investors eye Autumn Statement
London stocks are called to open higher on Wednesday following a late recovery in the US, as investors await the Chancellor’s Autumn Statement.