Market Report
London open: Stocks edge down as RBS, IAG disappoint; Pearson bucks trend
Equity markets in London edged lower early trade on Friday, weighed down by disappointing results from RBS and IAG, although Pearson was a bright spot.
RBS reports first profit in a decade but higher costs loom
Royal Bank of Scotland clambered back into the black in 2017 for the first time in a decade, though though the taxpayer-owned bank took a late hit from legacy charges and warned of higher restructuring charges in 2018.
Persimmon's top three slash their own bonuses
Persimmon announced amendments to its 2012 Long Term Incentive Plan entitlements on Friday, affecting CEO Jeff Fairburn, CFO Mike Killoran, and group managing director Dave Jenkinson.
IAG posts solid results despite dip in fourth quarter profits
British Airways owner International Consolidated Airlines Group presented its group consolidated results for the year ended 31 December on Friday, with fourth quarter operating profit falling to €585m before exceptional items, from €620m in 2016.
Aviva boosts capital surplus as it says adios to Spain
Life insurer Aviva has almost entirely pulled out of Spain after selling out of two more life and pensions joint ventures in the country for £178m in cash.
London pre-open: Stocks seen lower as Wall St ends off highs
London stocks were set to edge down at the open on Friday after US markets ended off their highs, with results from the likes of RBS and Pearson in focus.
Friday newspaper round-up: Tech taxes, Brexit, Snapchat, Carillion
The Treasury is threatening digital companies such as Facebook and Google with a new tax, as it pushes for global agreement on a fairer system for ensuring digital businesses pay their way. The chancellor, Philip Hammond, is expected to use next month’s spring statement to announce the results of a consultation launched by the Treasury in November, on how to update the tax system to reflect the nature of online businesses. – Guardian.