Market Pulse
Enterprise Inns serves up results in line with last year
Pub owner Enterprise Inns announced its results for the year to 30 September on Tuesday, with EBITDA before exceptional items of £292m, down slightly from £296m a year earlier, which was in line with expectations and reflecting the impact of planned disposals.
Eurozone GDP steady at 0.3% in third quarter, as expected
Eurozone economic growth held steady in the third quarter, according to a flash estimate by Eurostat.
German investor confidence improves more than expected in November
German investor confidence improved more than expected in November, according to the latest survey from the ZEW Center for European Economic Research in Mannheim.
Totally completes £400,000 acquisition of physiotherapy centre
Totally has completed the acquisition of Optimum Sports Performance Centre, a provider of physiotherapy services, for up to £0. 65m, which is part of the AIM-listed company’s 'buy and build' strategy.
Vodafone hails solid European trading to offset tougher India
An encouraging performance in Germany and Italy lifted first-half trading at Vodafone slightly above the telecoms giant's expectations, offsetting a more competitive market in India.
WANdisco wins contract for its Amazon cloud solution
Cloud software provider WANdisco has won a contract with gaming company Playtika for its Amazon S3 cloud solution, via Amazon’s web service marketplace.
Asia report: Markets mixed as investors look to Fed
Markets in Asia finished mixed on Tuesday, with the greenback leading global traders as expectations for a rate rise from the Federal Reserve in December increasing.
BP to put Deloitte forward as auditor
Oil giant BP intends to put Deloitte forward as its auditor at its annual general meeting in 2018 following a competitive audit tender.
EasyJet FY profit slumps on Brexit, currency headwinds
Budget airline EasyJet reported a drop in profit and revenue for the year to the end of September and cut its dividend as it took a hit from terrorist attacks and as the UK’s decision to leave the European Union made the euro more expensive for British travellers over the summer.
Credit Suisse cuts Vedanta Resources to 'underperform' on valuation
Credit Suisse cut its stance on Vedanta Resources to ‘underperform’ from ‘neutral’ on valuation grounds and fading earnings momentum.
EG Solutions wins £1.3m contract with retail energy supplier
Back-office software company EG Solutions has won its first mobile and multilingual contract with a retail energy company, worth £1. 3m.
Tesco enjoys best growth in three years, Kantar data shows
Tesco growth rate in the last three months is fastest in three years, according to research by Kantar Worldpanel published on Tuesday, while big rivals Sainsbury's, Asda and Morrisons all declined.
Dairy Crest slumps on Jefferies downgrade
Dairy Crest slumped on Tuesday as Jefferies downgraded the stock to ‘underperform’ from ‘hold’ and cut the price target to 500p from 640p.
Europe open: Stocks waver as energy issues gain but resources slip
European stocks wavered in early trade as strength in the energy sector was offset by weakness in basic resources.
FirstGroup expects cash flow to steam higher in second half
Bus and rail transport operator FirstGroup chugged to a solid first half as a better performances in North American was partly offset by continuing challenging trading conditions in the UK.
London open: Stocks rise as investors eye inflation data
Stocks in London edged higher in early trade as investors sifted through corporate news ahead of the release of UK inflation figures for October.
Card Factory's sales slow but expects Christmas boost
Card Factory’s sales slowed in the first half of the year due to lower footfall in the retail sector, but the FTSE 250 company expects sales to strengthen as Christmas approaches.
B&M European revenue up as it opens 500th UK store
Multi-price value retailer B&M European Value Retail announced its interim results for the 26 weeks to 24 September on Tuesday, with group revenues increasing by 18. 9% to £1,105. 9m, or by 17. 7% at constant currencies.
Cineworld posts strong growth as it continues to expand
Cinema operator Cineworld posted a trading statement for the 45 weeks to 10 November on Tuesday, a period in which the group achieved strong revenue growth of 14. 6%, with constant currency revenue growth of 10. 8%.
Crest Nicholson on track for FY revenues of £1bn
FTSE 250 housebuilder Crest Nicholson reported a drop in underlying sales but said it remains on track to report full-year revenues of around £1bn.