Market Pulse
Great Portland Estates reports strong quarter for leasing
Great Portland Estates (GPE) reported robust leasing activity for the quarter ended 30 June on Thursday, having signed 12 new leases and renewals generating an annual rent of £4. 3m, with market lettings on average 7. 7% ahead of its March estimated rental value (ERV).
Berenberg starts Card Factory at ‘buy’
Berenberg initiated coverage of Card Factory on Thursday with a ‘buy’ rating and 154p price target as it argued it was a "vastly improved proposition".
Barclays to sell German consumer finance business to Bawag Group
Barclays said on Thursday that it has agreed to sell its German consumer finance business to Austrian bank Bawag Group.
London open: FTSE gains as Brits head to the polls
London stocks rose in early trade on Thursday as Brits headed to the polls amid expectations the Labour party will be voted into power for the first time in 14 years.
Victrex Q3 revenues tick higher but Medical still hit by destocking
Polymer maker Victrex reported volume and revenue growth for the third quarter on Thursday, but cautioned over difficult trading at its medical segment.
London pre-open: Stocks to edge up as Brits head to the polls
London stocks were set to edge up at the open on Thursday as Brits headed to the polls amid expectations the Labour party will be voted into power for the first time in 14 years.
Thursday newspaper round-up: Post Office, Amazon, UK stocks
The former chair of the Post Office has expressed “sincere regret” for the state-owned body’s failings in the Horizon IT scandal and said it was a mistake not to show a key report on the problem to its board. Tim Parker, who was chair of the Post Office between 2015 and 2022, told a judge-led public inquiry that he felt “deep sympathy” for the Post Office operatives affected by what MPs have described as one of the biggest miscarriages of justice in UK history.