Market Report
Headwinds put dent in PayPoint's preliminary reported figures
Payment technology and network provider PayPoint reported 1. 6% growth in underlying revenue in its preliminary results on Thursday, including the share of commission paid to retailers.
StatPro to focus on margins as it hunts for more acquisitions
StatPro Group told shareholders on Thursday that it had continued to make “good progress” towards its goal of becoming the world’s leading cloud-based portfolio analytics provider over the last year, with its current trading remaining in line with expectations.
German business sentiment deteriorates - Ifo
Business confidence in Germany deteriorated more than expected in May, according to a survey released by the Ifo Institute on Thursday.
Mothercare delays FY results by a day
Mothercare has delayed the release of its full-year results by a day to Friday, but said it continues to expect underlying results to be in line with market expectations.
Qinetiq's FY results beat expectations
Defence technology company Qinetiq posted better-than-expected full-year results on Thursday as it backed its expectations for 2020.
Sabre year-to-date trading in line with expectations
Car insurance underwriter Sabre said trading for the first four months of the year was "very much in line" with expectations.
NewRiver keeps head above water amid retail storm
NewRiver REIT said on Thursday that its business model was delivering “sustainable” cash returns, underpinned by its unsecured balance sheet, as its full-year funds from operations fell to £56. 4m from £60. 3m.
Essentra revenues tick up despite 'uncertain' macro environment
Essential components provider Essentra traded in line with expectations during the first four months of the year, delivering like-for-like revenue growth of 1%.
Inchcape revenue growth driven by solid performance in Asia and Europe
Automotive retailer Inchcape saw revenues grow 3% in the first four months of the year, driven by solid performances in Asia and Europe.
Serco to buy US Navy contractor NSBU in $225m deal
Serco Group has entered into a definitive asset purchase agreement to acquire the Naval Systems Business Unit and a small number of related contracting entities (NSBU) from Alion Science & Technology Corporation for $225m, it announced on Thursday.
London open: Stocks drop amid Sino-US worries; UK voters head to the polls
London stocks fell in early trade on Thursday, taking their cue from downbeat sessions in the US and Asia, as worries about Brexit and Sino-US trade relations took their toll.
LondonMetric to buy Midlands-based A&J Mucklow in £415m deal
LondonMetric Property posted a 3. 5% increase in full-year net rental income on Thursday as it announced the acquisition of Midlands-based real estate investment trust A&J Mucklow in a cash and stock deal that values it at around £414. 7m.
Tate & Lyle posts drop in FY profit, sees 2020 EPS growth flat
Tate & Lyle posted a drop in full-year profit on Thursday, partly due to higher exceptional costs, as it said earnings per share growth for 2020 is expected to be broadly flat to low single-digit at constant currency.
Core business underpins profit and revenue at B&M European Value
B&M European Value Retail reported a jump in full-year revenue and profit on Thursday as its core division saw good trading momentum.
Intertek revenues rise in first four months, subdued market weighing on Bakkavor
London open The FTSE 100 is expected to open 47 points lower on Thursday, having closed up 0. 07% at 7,334. 19 on Wednesday.
London pre-open: Stocks to drop on downbeat US and Asian cues
London stocks were set to drop at the open on Thursday, taking their cue from downbeat sessions in the US and Asia as worries about Brexit and Sino-US trade relations continued to weigh on investors’ minds.
Thursday newspaper round-up: Best pay, Greybull Capital, Amazon, Philip Green
Three City banks, a German software business and Facebook pay their staff the most in the UK, according to a new survey, while staff working at Domino’s Pizza and the shop chains Footasylum and Schuh receive the lowest rewards. The Swiss investment bank Credit Suisse and the German software firm Sap topped the list of the UK’s highest-paying companies compiled by the job search and recruiting website Glassdoor. – Guardian.