News And Announcements
Morgan Stanley reaffirms overweight rating for Direct Line
Morgan Stanley upgraded Direct Line Group's target price from 423. 00p to 451. 00p in a research report on the insurer on Thursday.
BHP approves £2.5bn copper expansion project
BHP Billiton has approved a $2. 546n investment to extend the Spence copper mine life in Chile by at least 50 years.
Hikma Pharma trims guidance as generic Advair talks continue with FDA
Hikma Pharmaceuticals reported a 1% rise in first-half sales and flat profits, but trimmed its guidance for the full year as the generic drugs arm faces tougher market conditions and continues discussions with US regulators over a key generic asthma drug.
Kingfisher's quarterly sales hammered lower but costs nailed
Sales at retailer Kingfisher took a bit of a hammering in the second quarter and the owner of the B&Q and Screwfix chains remained cautious over the outlook for the UK and France in the second half.
Rank rakes in better profits in second half after digital boost
Casino and bingo hall operator Rank reported final results boosted by a significantly improved second half thanks to a strong improvement in digital, with optimism lifted further by the launch of the new Luda bingo format.
Chinese foreign investment controls dent IP Group fundraising
IP Group said a proposed capital raising in China had been hit by new regulatory controls in the People's Republic.
Vectura awaits more details from FDA over Advair
Drug delivery specialist Vectura has noted comments on Thursday morning by Hikma, its partner on the development of a generic version of the Advair Diskus asthma treatment.
Marshalls stacks up cash as it improves profits at home and abroad
Marshalls Group, the maker of paving slabs, street furniture and floor tiles, posted a solid set of interim results on Thursday, reporting increased revenue thanks to a 17% year-on-year increase in domestic sales.
US FDIC files High Court LIBOR suit against several High Street lenders
A federal US government agency has brought a case against several of the world's largest banks, including the biggest UK lenders, alleging that their manipulation of the London Interbank Offered Rate resulted in losses for US lenders.
Kaz Minerals's revenues boosted as growth projects come on-line
Kaz Minerals saw revenues more than double in the first half of the year as its two main mines at Aktogay and Bozshakol came onstream amid higher commodity prices.