News And Announcements
City will keep EU access if rules aligned, commission official says
The City will retain access to European markets if UK regulations are similar to the EU’s, a top European commission official has said.
RDI earnings rise as gross rental income continues to improve
RDI issued its results for the six months ended 28 February on Wednesday, with underlying earnings per share rising 8. 2% to 1. 46p - well ahead of the company’s medium term growth targets.
Molybdenum production surges while copper and gold fall for Antofagasta
Antofagasta posted its production report for the first quarter on Wednesday, reporting that as it expected, copper production decreased by 10. 5% to 153,800 tonnes compared with the same quarter in 2017, which was mainly due to the anticipated lower grades.
Fresnillo silver production up 14% in first quarter
Silver production at Fresnillo rose 14% on the year in the first quarter, but fell compared to the previous quarter, the company said on Wednesday, as it reaffirmed its full-year guidance.
Boohoo surges as sales nearly double, PrettyLittleThing stands out
Full-year sales at Boohoo. com nearly doubled and pre-tax profit rose 40% as the online fashion retailer hailed an "exceptional" performance from PrettyLittleThing and a strong start to the current financial year.
Tullow Oil to wrap up all UK gas operations in Q3
Exploration and production group Tullow Oil highlighted the "strong progress" seen so far this year at its West African operations and kept its full year production guidance unchanged.
Momentum continues through first quarter at Croda
Speciality chemical company Croda International updated the market on its trading during the first quarter on Wednesday, reporting that the topline momentum seen through 2017 continued into the three months to 31 March.
CRH unveils buyback after slow start to 2018
Building materials group CRH saw like-for-like sales fall 2% in the first quarter with first-half profits expected to be flat, but announced a €1bn share buyback to keep investors sweet.
Whitbread to spin off Costa coffee chain
Whitbread has announced plans to spin off its Costa coffee chain into a separate listed business within the next two years following activist pressure.
Fenner profits rise ahead of Michelin takeover
FTSE 250 manufacturer Fenner, which is due to be bought by France's Michelin in a £1. 2bn deal, posted a 96% jump in half-year underlying pre-tax profit on Wednesday as all of its businesses continued to perform well.
Shire board willing to recommend £46bn Takeda deal
Shire directors said on Wednesday they would be willing to recommend the latest takeover proposal from Takeda Pharmaceutical that was pitched at roughly £49 per share, subject to certain terms.
Metro Bank first-quarter profit, deposit growth up
Metro Bank posted a 41% jump in first-quarter deposit growth on Wednesday as lending and customer numbers grew.
Vodafone to jointly control huge Indian tower firm following merger
Vodafone announced on Wednesday that itself, Bharti Airtel and Idea Cellular have agreed to merge their respective shareholdings in Indus Towers into Bharti Infratel, creating a combined company that will own 100% of Indus Towers.
Persimmon trading well ahead of testing AGM
Persimmon said it was trading well this year after customer enquiries and sales of its houses increased.