Market Report
BGEO subsidiary wins best investment bank in Georgia
BGEO Group announced on Wednesday that its banking business subsidiary, JSC Galt & Taggart, has been recognised as the best investment bank in Georgia for 2018 by Global Finance for the fourth consecutive year.
Taylor Wimpey flags strong start to 2018 after annual profits rise
Taylor Wimpey said it made a good start to 2018 as the housebuilder reported a rise of more than 10% in underlying annual profit.
Man Group FuM rise 35% amid record net inflows
FTSE 250 hedge fund Man Group reported a rise in full-year funds under management on Wednesday amid record net inflows.
St James's Place sees serious growth in 2017
Wealth management group St. James's Place issued its annual results for the year ended 31 December on Wednesday, reporting European embedded value (EEV) new business profit of £779. 8m - a 50% improvement year-on-year.
Growth acceleration plan paying off for Informa
Business information, exhibitions, events and academic publishing group Informa issued its financial results for the 12 months ended 31 December on Wednesday, reporting a third consecutive year of growth in revenue, adjusted profit, adjusted earnings per share, cash flow and dividends.
Admiral profit jumps 43% amid record customer numbers
Insurer Admiral posted a 43% jump in full-year pre-tax profit on Wednesday and declared a special dividend amid record customer numbers.
London pre-open: Stocks seen lower after Wall St selloff
London stocks were set for a weaker open on Wednesday following a late selloff on Wall Street as investors continued to digest new Fed chairman Jerome Powell’s first congressional testimony.
Whitbread buys portfolio of 19 hotels in Germany
Premier Inn and Costa owner Whitbread has announced the acquisition of a portfolio of 19 hotels in Germany from Foremost Hospitality Group for an undisclosed sum.
Wednesday newspaper round-up: Maplin, Toys R Us, Carillion, shop prices
More than 5,500 retail jobs are at risk as two of the high street’s best known names teeter on the edge of collapse. Toys R Us, with more than 3,000 staff, is set to go into administration in the next 24 hours, and 11th-hour rescue talks designed to shore up Maplin are also said to have broken down, meaning that the 200-store electronics chain also faces imminent bankruptcy. – Guardian.
US close: Markets retreat as Powell addresses Congress
Wall Street indices finished in the redon Tuesday, after nerves kicked in as new Federal Reserve Chair Jerome Powell delivered his first congressional testimony.