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Westhouse Securities tells investors to build stakes in Rightmove

Wed, 30 July 2014

Shares in property website Rightmove have further to go after strong half-year results, Westhouse Securities said on Wednesday. Westhouse upgraded Rightmove from 'neutral' to 'add', saying the share ... [more]

loan

Jupiter Fund Management drops after half year results

Wed, 30 July 2014

Shares in Jupiter Fund Management were lower on Wednesday after the group revealed that one of its large segregated mandates was expected to redeem later in the year. The news was announced in the gr... [more]

mining

Lonmin strikes new deal with Bapo community

Wed, 30 July 2014

Lonmin, which is the third largest platinum producer in the world, has struck a deal with the Bapo ba Mogale community to carry out a series of transactions that will enable the group to meet South Af... [more]

Money

International Personal Finance posts record half-year

Wed, 30 July 2014

International Personal Finance posted a record half-year profit on the back of a strong increase in revenue and customer numbers. Pre-tax profit rose 11% to £47.1m in the six months ended June 3... [more]

offshore

Riverstone net assets flat since March

Wed, 30 July 2014

Net asset value was flat at energy investor Riverstone Energy (REL) in the second quarter, with the company having so far committed almost a third of the funds raised at its October initial public off... [more]

Moneysupermarket's first half profits and revenues rise

Wed, 30 July 2014

UK price comparison website Moneysupermarket achieved a 14% rise in underlying pre-tax profit to £17.1m in the first half, as revenue increased across the business. Group revenue climbed 9% to &... [more]

Victrex third-quarter sales volumes pick up

Wed, 30 July 2014

Victrex said third-quarter sales volumes jumped 21% on the previous year, driven by a strong performance in the core Victrex Polymer Solutions (VPS) arm, growth in Speciality Products and new business... [more]

Bank of England finalises bonus clawback, proposes new rules for individuals

Wed, 30 July 2014

- BoE can claw back bonuses 7yrs after award - New proposals to hold individuals to account - 'Toughest banking rules in the world' The Bank of England (BoE) has finalised rules on bankers bonuses th... [more]

Buoyant UK housing market boosts Rightmove

Wed, 30 July 2014

The UK housing market is continuing to grow despite a mortgage lending clampdown, boosting half-year profits at property website Rightmove. The market had improved so far in 2014 with year-on-year tr... [more]

Pets at Home like-for-likes scamper higher

Wed, 30 July 2014

- Q1 LFL sales up 4.1% - VIP Club membership up 20% - 10 new stores opened Like-for-like sales accelerated at retailer Pets at Home in the first quarter, sending the company's shares scampering highe... [more]

Polymetal ups production guidance by 5%

Wed, 30 July 2014

A 17% increase in first half gold production levels failed to cheer Polymetal International shareholders on Wednesday, despite the company saying its original production guidance of 1.3m ounces was li... [more]

Dignity's first half profits fall on fewer deaths

Wed, 30 July 2014

British undertakers group Dignity reported a drop in first half profit as the number of deaths declined. Underlying pre-tax profit fell 2.4% to £32.3m and revenue slipped 0.1% to £133.1m. U... [more]

Diploma's third quarter revenue grows on back of acquisitions

Wed, 30 July 2014

Diploma's third quarter revenue grew in line with expectations, boosted by acquisitions. The maker of industrial wiring systems and components said revenue for the nine months to June 30th was 6% ahe... [more]

Higher selling prices lift Taylor Wimpey H1 profit

Wed, 30 July 2014

Higher home completions and average selling prices helped to drive a jump in half-year profits at UK house-builder Taylor Wimpey. Profit before tax and exception items jumped 63.7% to £178.4m on... [more]

Vedanta's Q1 profits inch higher, but growth limited

Wed, 30 July 2014

Vedanta Resources' stock was under pressure on Wednesday after the miner said first-quarter profits were only slightly higher than the previous year, with growth limited by falling zinc production and... [more]

Segro reports fall in first half pre-tax profit

Wed, 30 July 2014

Segro reported a 3.3% fall in first half pre-tax profit to £66.7m, reflecting a 13% fall in net rental income. Net rental income dropped as a result of disposals completed in 2013 and the creati... [more]

Travis Perkins posts positive first half figures, lifts divi 22.5%

Wed, 30 July 2014

- LFL H1 revenue up 10.2% - Gross margins down 0.8ppt - PTP of £162.5m Builder's merchant Travis Perkins was a strong riser on Wednesday after posting a 10.2% rise in life-for-like (LFL) first h... [more]

Atkins trading in line despite £3m of H1 currency headwinds

Wed, 30 July 2014

Civil engineering consultancy WS Atkins is facing currency headwinds and challenges in its UK rail and aerospace businesses but said it was still on track to hit full-year targets. Atkins, which has ... [more]

US weather and strong pound hit National Express H1 profits

Wed, 30 July 2014

Transport group National Express took a hit from extreme US weather, Spanish strikes and the strong pound, but highlighted £5bn of contract wins and potential expansion in Portugal and Spain. Na... [more]

National Grid to provide focus with single UK executive director

Wed, 30 July 2014

National Grid has announced that John Pettigrew will be its sole UK Executive Director in order to "provide a single focus to manage a challenging UK operational agenda". Pettigrew became an Executiv... [more]

Astrazeneca to gain rights to Almirall's respiratory franchise

Wed, 30 July 2014

Astrazeneca has struck a deal with drug developer Almirall for the rights to the Spanish group's respiratory franchise. Under the agreement, which includes an initial consideration of $875m, the FTSE... [more]

Greggs H1 profits warm up on new products and shop refits - UPDATE

Wed, 30 July 2014

New products and shop refits heated up half-year profits at British high street baker Greggs, but it warned of tougher trading later in the year. Greggs said a rise in pre-tax profit in the 26 weeks ... [more]

Compass improves margin and revenues but currency impact grows

Wed, 30 July 2014

- Q3 organic revenue up 4% - Operating margins up 10bps - FY expectations maintained Catering and facilities management giant Compass served up a healthy third quarter of trading, improving margin ac... [more]

Rio Tinto to sell coal assets in Mozambique

Wed, 30 July 2014

Diversified mining group Rio Tinto has announced that it will sell its coal assets in Mozambique for $50m. Rio Tinto Coal Mozambique, which comprises the 65%-owned Benga coal mine and other projects ... [more]

World Cup and more advertising lift ITV

Wed, 30 July 2014

The World Cup and the UK's economic upturn helped broadcaster ITV to boost half-year earnings by 11% as it voiced confidence about its autumn programme schedule and said it was on track to expand inte... [more]

FTSE 100 Top Risers

Name Last Chg.% Time
Barclays 228.20 4.15 15:50
Travis Perkins 1,692.00 2.86 15:50
Royal Bank of Scotland Group 361.80 2.20 15:50
Capita 1,241.00 2.14 15:50
Reckitt Benckiser Group 5,310.00 1.72 15:50

FTSE 100 Top Fallers

Name Last Chg.% Time
Antofagasta 819.00 -4.21 15:50
GKN 351.70 -3.91 15:50
Sainsbury (J) 312.00 -3.50 15:50
Compass Group 980.50 -2.73 15:50
St James's Place 751.00 -2.59 15:50