News And Announcements
Rathbone Brothers pleased with Q1 amid challenging market
Rathbone Brothers updated the market on its trading for the first quarter on Thursday, reporting total funds under management of £37. 8bn at the end of March - down 3. 3% from £39. 1bn at 31 December.
Capita tumbles as rights issue shares begin trading
Outsourcer Capita loaded 1bn new shares onto the market on Thursday as it completed its £701m rights issue priced at 70p per share, enabling the FTSE 250 firm to carry out its new strategy.
Stobart swings to full-year profit thanks to disposal
Stobart, the owner of Southend Airport, swung to a profit in the year to February following the partial disposal of its investment in Eddie Stobart Logistics.
Randgold shares slump as Q1 profits, production fall
Shares in Randgold Resources fell 9% on Thursday as the company said first quarter profits fell 22% year on year to $66. 5m as a result of lower production and increased costs.
Shaftesbury snaps up two more West End properties
Real estate investment trust Shaftesbury has exchanged contracts to acquire 35 and 36 Great Marlborough Street in London's West End.
ITV gets off to good start thanks to online and studio content
ITV reported strong first-quarter growth in advertising revenues as new chief executive Carolyn McCall said her "strategic refresh is progressing well" ahead of a summer where profits will hang to a large extent on the FIFA World Cup.
Melrose announces pay review before AGM
Melrose Industries said it would review its pay arrangements and consult with shareholders as it prepared for a potentially rocky annual general meeting.
Morrisons sales improve in first quarter
Morrisons posted an improvement in sales for its first quarter on Thursday, saying that for the 13 weeks to 6 May, group like-for-like sales excluding fuel were up 3. 6%, comprising contributions from retail of 1. 8% and wholesale of 1. 8%.
RBS agrees to pay $4.9bn to settle US mortgage securities case
Royal Bank of Scotland has agreed to pay $4. 9bn (£3. 6bn) to settle a long running-investigation by the US Department of Justice into the bank’s dealing in mortgage-backed securities before the financial crisis.
RSA Insurance Q1 gross premiums up 1%
First quarter gross written premiums at RSA Insurance grew by 1% at constant currency rates to £2. 09bn in the first quarter, the company said on Thursday.
BAE Systems reiterates expectations for flat 2018 earnings
Defence group BAE Systems reiterated its expectations on Thursday for 2018 earnings to be flat on the year, as it said there were good prospects to add to its order backlog.
Beazley first-quarter premiums rise 10%
Beazley posted a 10% jump in first-quarter gross written premiums on Thursday as it reiterated its full-year combined ratio guidance.
Coca-Cola HBC Q1 net sales down 1.7% on weak rouble, naira
First quarter net sales at Coca-Cola HBC fell 1. 7% mainly due to currency hits from the Russian rouble and Nigerian naira, the company said on Thursday.
Barratt forward sales up 2.5% with trading in line
House builder Barratt Developments said total forward sales were up 2. 5% in the calendar year to May 6 to £3. 3bn, adding that current trading was in line with expectations.