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IAG lifts guidance as lower fuel costs boost Q3 profits

IAG lifts guidance as lower fuel costs boost Q3 profits

Fri, 31 October 2014

Anglo-Spanish airline conglomerate International Consolidated Airlines Group reported a big jump in third-quarter profits on the back of falling fuel costs and lifted its guidance for full-year growth... [more]

RBS swings to £1.3bn profit, intends to keep Ulster Bank

RBS swings to £1.3bn profit, intends to keep Ulster Bank

Fri, 31 October 2014

Royal Bank of Scotland swung to a profit of nearly £1.3bn in the third quarter of 2014, compared with a loss the year before, and said it was making early progress in its strategy to create a "simpler... [more]

Rolls-Royce industrial gas turbine selected by BG Group

Rolls-Royce industrial gas turbine selected by BG Group

Fri, 31 October 2014

Rolls-Royce's Trent 60 DLE industrial gas turbine has been selected by BG Group as the driver for the main refrigeration compressors in the proposed Lake Charles liquefied natural gas (LNG) export pro... [more]

Mondi receives upgraded credit rating

Mondi receives upgraded credit rating

Thu, 30 October 2014

International packaging and paper group Mondi has announced that the recent upgrade of the company's credit rating. Moody's Investors Service upgraded Mondi's credit rating on Thursday from Baa3 to Ba... [more]

Friday preview: Investors look ahead to RBS, WPP, Eurozone inflation, US data

Friday preview: Investors look ahead to RBS, WPP, Eurozone inflation, US data

Thu, 30 October 2014

Royal Bank of Scotland (RBS) results, Eurozone inflation and US data on both personal spending and consumer confidence will be high on Friday's agenda. Kicking off the day, RBS is expected to report a... [more]

Egdon Resources, Union Jack Oil drop as Leicestershire well plugged

Thu, 30 October 2014

The share prices of oil and gas groups Egdon Resources and Union Jack Oil plummeted on Thursday after an exploration well in the UK has had to be plugged. Egdon, the operator of the Burton on the Wold... [more]

Cairn underway with second Senegal well but offers no India news

Thu, 30 October 2014

Third quarter results from Cairn Energy offered no news on its Indian tax travails as the company said it will write off its unsuccessful Aragon and Ensis wells. The FTSE 250 group, which reiterated t... [more]

Henderson beats Q3 forecasts but warns of challenging new conditions

Thu, 30 October 2014

Assets under management (AUM) at Henderson Group were higher than market expectations for the third quarter helped by strong inflows to its UK retail funds, but it warned investors were now seeking "s... [more]

WPP invests further in image recognition firm Planorama

Thu, 30 October 2014

Advertising and media giant WPP said on Thursday that it has invested further in French image recognition technology firm Planorama as it expands its services to retailers and FMCG companies. WPP agen... [more]

Millennium and Copthorne Hotels releases encouraging quarterly results

Thu, 30 October 2014

Millennium & Copthorne Hotels (MLC) has released encouraging third quarter results following increased profit due to higher occupancy and room rates. Revenue rates for the third quarter of 2014 showed... [more]

StanChart drops after US re-opens investigations into Iran dealings

Thu, 30 October 2014

Shares in StanChart have fallen for a fourth day amid reports US prosecutors have re-opened their investigations into whether the lender withheld information into the possible violation of the sanctio... [more]

Third quarter turnover and profit both rise 3% at Smith and Nephew

Thu, 30 October 2014

Medical devices maker Smith & Nephew posted a 3% increase in both revenue and profit for the third quarter, thanks to an improvement in its emerging and international markets units, recent product lau... [more]

Afren sees shares fall after disappointing results

Thu, 30 October 2014

Oil exploration company Afren saw its shares go down on Thursday after disappointing results during the first nine months of the year. Revenues dropped to $798.5m in the nine months ended 30 September... [more]

Greene King given 'put up or shut up' extension for Spirit takeover

Thu, 30 October 2014

Greene King's "put up or shut up" deadline to agree its proposed £723m takeover of rival Spirit Pub Company has been extended by five days. Spirit said on Thursday that it remained in discussions with... [more]

British Land agrees record City rent for Cheesegrater, 'buy' says Liberum

Thu, 30 October 2014

Broker Liberum reiterated its 'buy' recommendation for British Land after reports the company let one floor of the 'Cheesegrater' building in London's Leadenhall Street for a record amount. British La... [more]

Firms that restate results are less likely to become takeover targets, according to research

Thu, 30 October 2014

Companies that restate their results are "significantly less likely" to become takeover targets, according to new research from Cambridge Judge Business School. The seven-year study, which examined 2,... [more]

Countrywide says prime London property prices falling, Q3 results in line

Thu, 30 October 2014

Helped by its best ever third quarter result, estate agents group Countrywide said it remained in line to hit full year targets despite cautioning that the rebalancing of price expectations in London ... [more]

Al Noor pleases with third quarter performance

Thu, 30 October 2014

Al Noor Hospitals pleased investors with a 20.5% rise in third quarter revenue, in line with its expectations. Helping the share price to lift around 2.6% early on, the group reported turnover of $101... [more]

National Express on track for full-year as profits recover in Q3

Thu, 30 October 2014

National Express said it was on track to meet its profit expectations for the full-year after a 15% increase in third quarter pre-tax profit reversed the decline in growth from the first half of the y... [more]

Kazakhmys sees Q3 copper production rise, de-merger imminent

Thu, 30 October 2014

Kazakhmys, the Kazakhstan-focused copper miner, said its de-merger is expected to complete any time now as it reported an increase in copper cathode production in the third quarter. Copper cathode out... [more]

St James's Place reports record FuM on strong ISA demand

Thu, 30 October 2014

Wealth manager St James's Place saw strong inflows in its third quarter, helped by a big increase in demand for new ISA investments. Funds under management reached a record £49.1bn by 30 September, up... [more]

Aviva's Q3 results nearing 'predictability of a Swiss clock'

Thu, 30 October 2014

Improvements in the value of new business and its non-life combined operating ratio helped Aviva deliver a solid third quarter result, though the slowing pace of progress in chief executive Mark Wilso... [more]

Astrazeneca type 2 diabetes drug approved for use by US FDA

Thu, 30 October 2014

Astrazeneca's Xigduo XR type 2 diabetes treatment has been approved for use in adults by the US Food and Drug Administration (FDA). The drug, which is already approved in Australia, is taken as a once... [more]

BT Group beats estimates as Q2 profits grow

Thu, 30 October 2014

Telecoms titan BT Group reported second-quarter results above market forecasts as strong demand for fibre broadband and sports channels led to a decent jump in profits. Reported revenues were down 2% ... [more]

Barclays Q3 profits beat expectations as costs slashed - UPDATE

Thu, 30 October 2014

Barclays unveiled a third-quarter adjusted pre-tax profit well ahead of forecast as it held costs to a five-year quarterly low and made a £670m provision against fines for rigging forex and PPI mis-se... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Marks & Spencer Group 404.90 0.00 08:03
Aberdeen Asset Management 421.70 0.00 08:03
Sports Direct International 640.50 0.00 08:03
BHP Billiton 1,615.50 0.00 08:03
Tullow Oil 484.10 0.00 08:03

FTSE 100 Top Fallers

Name Last Chg.% Time
Marks & Spencer Group 404.90 0.00 08:03
Aberdeen Asset Management 421.70 0.00 08:03
Sports Direct International 640.50 0.00 08:03
BHP Billiton 1,615.50 0.00 08:03
Tullow Oil 484.10 0.00 08:03