Latest News
System1 rallies as pre-tax profits surge
Marketing services outfit System1 expects to report a surge in pre-tax profits in its upcoming results, bouncing back from a difficult prior year.
Serabi Gold sees improved production in first quarter
Brazil-focussed gold mining and development company Serabi Gold reported first quarter gold production of 10,164 ounces on Monday, up from 9,188 ounces year-on-year and maintaining the momentum from the end of 2018.
Motif Bio hit by regulatory setback but losses narrow
Motif Bio on Monday reported a narrowed annual loss on the back of a reduction in research and development expenses as it seeks regulatory approval for its iclaprim skin infection treatment despite an early setback.
Kingswood Holdings loss narrows following cost reductions
Kingswood Holdings reported a narrowed annual loss on Monday as reduced cost of sales and miscellaneous expenses offset a drop in revenue.
Monday broker round-up
Compass Group: Barclays downgrades to equal weight with a target price of 1,850p.
Empire State manufacturing index rises in April but growth still subdued
Business conditions in the New York region improved more than expected in April but growth remained "fairly subdued", according to a survey released by the New York Fed on Monday.
Goldman Sachs Q1 earnings beat expectations, revenue a miss
Goldman Sachs posted better-than-expected first-quarter earnings on Monday, but revenue was a miss.
JPMorgan goes 'neutral' on Centrica ahead of new UK pricing regulations
Analysts at JPMorgan downgraded British energy and services firm Centrica to 'neutral' on Monday, noting that price regulation in the UK now looked certain to adversely impact competition, leading to compressed market pricing and lower churn.
Impatient Investec downgrades CYBG
CYBG shares still look cheap for the patient investors but Investec downgraded its recommendation as it sees little “better value elsewhere” on a 12-month view.
New Kier CEO launches strategic review to cut debt
Construction group Kier said on Monday that new chief executive Andrew Davies will lead a strategic review to improve cash generation and reduce leverage.
Guinness to remove plastic packaging from beer packs
Guinness owner Diageo announced on Monday it would remove plastic packaging such as ring carriers and shrink wrap from their beer multipacks in the Guinness, Harp and Smithwick’s brands.
US pre-open: Stocks seen flat to touch higher ahead of Citigroup, Goldman earnings
US stocks looked set for a flat to slightly firmer open on Monday as earnings seasons got underway, with banking giants Citigroup and Goldman Sachs slated to report their first-quarter numbers before the opening bell.
London midday: Stocks nudge up as IWG surges, miners retreat
London stocks had nudged a touch higher by midday on Monday, but the upside was capped by a weak mining sector, as investors eyed more key US earnings later in the session and important UK and Chinese data due later in the week.
IG Design set to top forecasts after unwrapping strong fourth-quarter
Giftware and packaging outfit IG Design Group saw revenues and profits move ahead last year as a result of continued strong trading throughout the final quarter.
US aims for low-hanging fruit in Chinese trade talks
The US watered down demands that China must cut industrial subsidies as a condition to reach a final trade deal after Beijing refused to do so.
Asia report: Markets finish mixed, Asiana Airlines handed lifeline
Markets in Asia finished in a mixed state on Monday, as sentiment continued to be relatively stable following the release of particularly strong data from China on Friday.
Filta eyes European franchise growth as US reaches saturation
Filta Group, the cooking oil management specialist, on Monday reported a jump in annual profits and revenue as its core Fryer Management division drove momentum and expanded its franchise network.
Sanderson tops expectations with 'strong' first half performance
Digital technology provider Sanderson ended the first half of its trading year ahead of management's expectations, with both revenues and profits growing year-on-year.
Redcentric cuts net debt following CEO departure
IT managed services provider Redcentric traded in line with management expectations in its last trading year, cutting net debt by more than expected.
IAG's longstanding finance chief steps down
British Airways owner International Airlines Group revealed on Monday that long-time chief financial officer Enrique Dupuy de Lôme will step down from his role in June.