Market Pulse
Greencoat Renewables inks 10-year power purchase agreement
Greencoat Renewables announced the signing of a significant 10-year power purchase agreement (PPA) on Thursday, with Keppel DC REIT, for its Ballybane Phase 1 wind farm.
Vistry kicks off £100m share buyback programme
Vistry Group announced the start of its share buyback programme on Thursday, aimed at repurchasing up to £100m of its shares.
Segro reports robust rent roll growth in first quarter
Segro reported robust growth in its rent roll in a trading update for the March quarter on Thursday, driven by favourable occupier market dynamics.
Rentokil Initial reports more stable North America performance
Rentokil Initial reported revenue of £1. 27bn in a first quarter update on Thursday, making for a 0. 9% increase at actual exchange rates, while at constant exchange rates, revenue advanced 4. 9% to £1. 29b.
easyJet posts significant reduction in winter losses
Low-cost airline easyJet reported a significant reduction in its winter losses in an update on Thursday, of more than £50m year-on-year, as demand for flights and holidays continued to rise, particularly for the upcoming summer season.
Winter losses narrow for easyJet, Rentokil revenue rises in first quarter
London open The FTSE 100 is expected to open 36 points higher on Thursday, having closed up 0. 35% on Wednesday at 7,847. 99.
Thursday newspaper round-up: Royal Mail, welfare bill, Boeing, Alstom, Federal Reserve
The Labour Party is open to the prospect of a takeover of the owner of Royal Mail by the struggling postal group’s Czech billionaire investor, which is considering a renewed approach. EP Group, a conglomerate controlled by Daniel Kretinsky, revealed on Tuesday that it had made a “non-binding indicative proposal” to the board of International Distributions Services (IDS), Royal Mail’s parent company, on April 9 seeking its recommendation for a possible cash offer for the remainder of the shares it does not already own.