Market Pulse
Discontinued divisions drag Tavistock down
Tavistock Investments revealed the financial pain of its now-shuttered operations in a half year trading update on Thursday.
Hardy Oil and Gas posts narrower interim loss
India-focused oil and gas explorer Hardy Oil and Gas posted a narrower interim loss.
RBC downgrades Aviva on solvency ratio concerns
RBC Capital Markets has downgraded Aviva from ‘Sector Perform’ to ‘Underperform’ based on the company’s solvency ratio and as it steps away from the bulk annuities market.
Coal Of Africa agrees Universal takeover terms
Coal of Africa Limited (COAL) has agreed terms for a recommended cash and shares offer of Universal Coal, which will value the Australian-listed target at AUD 126. 4m (£60. 5m).
BHP Billiton denies claims waste from Samarco dam burst is toxic
BHP Billiton has hit back at claims that waste from the tailings burst at the Samarco mine in Brazil is toxic.
FCA fines Barclays £72m for poor handling of financial crime risks
The Financial Conduct Authority has fined Barclays Bank £72. 1m for the poor handling of financial crime risks.
SocGen upgrades DMGT as it highlights less cope for anymore bad news
Societe Generale upgraded Daily Mail & General Trust to ‘hold’ from ‘sell’ following the company’s results on Wednesday, saying there is significantly less scope for bad news from here.
Wood adds Dubai office after Iraq contract win
Wood Group has won a $90m contract, beginning immediately, to provide project management and front-end engineering design (FEED) for an onshore facility in Iraq and future projects.
James Fisher's revenues declines, earnings forecast to be at low end of market expectations
Ongoing challenging conditions in the oil and gas markets saw revenue at marine engineering services company James Fisher & Sons decline in the four months to the end of October.
EKF Diagnostics plummets as profit warning caps dark November
Days after the arrival of US industry heavyweight Ron Zwanziger as chairman and the death of one director, EKF Diagnostics has also announced a significant profit warning after hoped-for contracts failed to materialise.
Europe open: Stocks edge higher in quiet trade as basic resources advance
European stocks edged higher at the start of what is likely to be a fairly quiet day’s trade, with Wall Street closed for the Thanksgiving holiday, as basic resources lent support.
London open: Mining stocks lead FTSE higher amid lack of data
London stocks opened on the front foot on Thursday, led by mining stocks, amid no notable economic data releases as traders in the US took a break for Thanksgiving.
Telford Homes acquires Poplar site
London-focused property developer Telford Homes has completed the acquisition of a development site in East London for over £20m.
Sinclair IS Pharma disposes of non-aesthetics business
Sinclair IS Pharma has disposed of its non-aesthetics business to Alliance Pharma for a total upfront cash consideration of £132m.
Tesco pays $12m to settle US lawsuit
Tesco has paid $12m to settle one of two class action lawsuits brought by disgruntled US investors who sued over the overstatement of the grocer's 2014 first-half profits.
Smaller profit, bigger dividend for Paypoint
There was strategic success, but a dip in earnings for Paypoint, as it announced its half year results on Thursday.
PPC Renewables's CEO steps down
Mihalis Verriopoulos has resigned from his role as chief executive of Public Power Corporation’s subsidiary PPC Renewables.
Daily Mail nets £29m from sale of discount business Wowcher
Daily Mail & General Trust has sold its online discount business, Wowcher, to a newly formed company controlled by Exponent Private Equity, in which it holds a stake of around 30%.
Efficiency savings key for Severn Trent
Some serious efficiency savings have seen profit rise on flat earnings at Severn Trent.
Strong full year growth on tap for Marston's
The good news is flowing at Marston’s as the brewer posted a 7% growth in revenue for the year and grew profit in all its trading areas.