Market Report
Standard Chartered restores dividend as annual profit increases
Standard Chartered restarted dividends after posting a jump in annual profit that the bank said showed it had emerged from its recent problems.
Provident's Vanquis ordered to pay £171m in fines and compensation
Provident Financial's Vanquis Bank has been ordered by the financial regulator to pay a £2m fine and almost £170m in compensation to customers over misselling of 'repayment option plan' product.
Derwent London proposes special dividend as NAV rises
Derwent London proposed a special dividend on Tuesday as it posted a rise in 2017 net asset value.
London open: Stocks in the black as Sky rockets on Comcast bid
London stocks rose in early trade, boosted by deal news and well-received earnings from the likes of Standard Chartered and Persimmon, as traders eye the first congressional testimony from new Federal Reserve Chair Jerome Powell.
Direct Line lift dividends 44% as profit surges
Direct Line announced bumper dividend payments as the insurance company posted a more than 50% increase in annual operating profit.
Meggitt reports full-year EPS more than doubles, free cash flow jumps
Meggitt saw earnings per share more than double in 2017, with the engineer continuing to execute against its targets for improved cash and margins over the medium-term and helped by recently enacted tax cuts in the States and a tailwind from FX.
Greggs serves up growth as it continues to expand
Greggs served up some steamy numbers to shareholders on Tuesday, with total sales up 7. 4% in its preliminary results to £960. 0m.
Virgin Money profit rises but cautions on margins
FTSE 250 challenger bank Virgin Money reported a 28% increase in underlying full-year profit on Tuesday amid robust customer demand and growth across its core products, although it warned that net interest margins for 2018 will be at the lower end of the range.
London pre-open: Stocks to follow Wall St higher; earnings in focus
London stocks were set for a firmer open on Tuesday, taking their cue from a positive session on Wall Street, as investors eye the first congressional testimony from new Federal Reserve Chair Jerome Powell.
Croda posts record profit amid strong performance across regions and sectors
Speciality chemical company Croda International reported a record full-year profit on Tuesday as sales grew thanks to a strong performance across sectors and regions.
Tuesday newspaper round-up: Brexit transition, energy price cap, Aston Martin, Carillion
A senior Conservative MP has criticised the government for failing to make progress on a transition deal to smooth Britain’s exit from the EU, warning that businesses could relocate jobs outside of the UK without urgent action. Nicky Morgan, the chair of the Commons Treasury select committee, said businesses were “crying out” for details of a proposed period to cushion Britain’s withdrawal from the EU from March 2019, calling on ministers to swiftly resolve their differences and reach a deal with Brussels or face damaging consequences.
US close: Markets finish ahead as Quarles talks up economy
Trading in US stocks finished firmly on Monday as investors on Wall Street shook off worries about the recent inflation picture and rising interest rates, while thumbing through a slew of data releases ahead of Jerome Powell's first testimony as Federal Reserve chairman.