Market Report
Rosslyn Data narrows losses as revenues grow, cost cutting efforts pay off
Data technology outfit Rosslyn expects to turn in improved revenues and narrower losses for its recently wrapped up year.
Aldi and Lidl continue to eat away at 'big four's' market share, Kantar says
Consumer spend on groceries held up well over the last few months, as shoppers continued to file their way towards discounters Aldi and Lidl even though temperatures failed to match 2018's record highs, the results of a closely-followed survey revealed.
German unemployment rate rises in May, claims surge
Germany’s headline unemployment rate rose in May, while unemployment claims unexpectedly surged amid a slowing economy, according to data released by Destatis on Wednesday.
RBC Capital ups Serco to 'outperform'
RBC Capital Markets upgraded Serco to ‘outperform’ from ‘sector perform’ on Wednesday, lifting the price target to 150p from 140p as it said the risk/reward is now in favour.
ArcelorMittal to cut European steel production further
ArcelorMittal said on Wednesday that it was cutting steel production across Europe again as it continues to be hit by weak market demand and high import levels.
Development and depreciation see easyHotel swing to interim loss
Budget hotel owner, developer and operator easyHotel reported a 25. 3% improvement in total system sales in its interim results on Wednesday, to £20. 2m.
Avation delivers new ATR aircraft to Cebu Pacific in Toulouse
Commercial passenger aircraft leasing company Avation announced on Wednesday that it has delivered a new ATR 72-600 turboprop aircraft to Philippines airline Cebu Air, trading as Cebu Pacific, at the manufacturer's facility in Toulouse, France.
Bluejay Mining announces 'significant' resource increase
Bluejay Mining announced a “significant” resource increase, including a maiden exploration target for the offshore region within its licence area at Dundas Ilmenite Project, in an update to the market on Wednesday.
Conroy Gold upbeat after drilling at Slieve Glah
Ireland and Finland-focussed gold exploration and development company Conroy Gold and Natural Resources reported the completion of a 600m drilling programme on its Slieve Glah gold target in the Longford–Down Massif in Ireland on Wednesday.
ValiRx losses widen as it continues to progress drug development
Life science company ValiRx reported a loss before income tax of £4. 83m in its final results on Wednesday, widening from the £3. 55m loss it posted a year earlier.
Experian installs finance veteran Mike Rogers as new chairman
Experian announced the appointment of current independent non-executive director Mike Rogers as its new chairman on Wednesday, effective from the end of its annual general meeting on 24 July.
Trainline looks to raise at least £75m from June IPO
Rail ticket booking app Trainline expects to raise at least £75m when it floats on the London Stock Exchange in June.
Breedon chairman resigns, plans sale of 22m shares
Construction materials group Breedon named Amit Bhatia as its new chairman on Wednesday, taking over from outgoing Peter Tom, effective immediately.
London open: Stocks drop amid Sino-US woes, growth concerns
London stocks fell in early trade on Wednesday, taking their cue from a downbeat session on Wall Street amid ongoing worries about Sino-US trade relations and renewed concerns about global growth.
Aveva full-year profits improve, Experian appoints Mike Rogers as new chairman
London open The FTSE 100 is expected to open 51 points lower on Wednesday, having closed down 0. 12% at 7,268. 95 on Tuesday.
London pre-open: Stocks seen lower as growth, Sino-US trade worries weigh
London stocks were set to drop at the open on Wednesday, taking their cue from downbeat US and Asian sessions amid ongoing worries about Sino-US trade relations and renewed concerns about global growth.
Wednesday newspaper round-up: UK tax havens, UN climate talks, shop prices
The UK and its “corporate tax haven network” is by far the world’s greatest enabler of corporate tax avoidance, research has claimed. British territories and dependencies made up four of the 10 places that have done the most to “proliferate corporate tax avoidance” on the corporate tax haven index. – Guardian.
US close: Markets finish lower after long weekend of Trump posturing
Wall Street trading reversed its earlier fortunes to finish in the red on Tuesday following the long Memorial Day weekend, as the trade spat between the world's two largest economies remained firmly in focus.