Latest News
Griffin Mining shares surge as Chinese authorities accept licence application
Griffin Mining announced on Thursday that, after an extended application process, the Chinese Ministry of Natural Resources (MNR) has accepted the lodgement by Griffin's Chinese subsidiary - Hebei HuaAo Mining Industry Company - of its mining licence application for Zone II at the Caijiaying Mine, in compliance with all prescribed legislation and regulations.
Arrow Global shares slide as firm talks up 'strong' cash flow
Loan portfolio and real estate investor and asset manager Arrow Global Group reported continued “strong” cash flow in its first half on Thursday, a period in which it made £165. 6m of portfolio purchases in investment business, up from £146. 3m year-on-year.
Acquisitions drive first half growth at ContourGlobal
Electricity generation group ContourGlobal reported 15% year-on-year growth in its consolidated revenue in its first half on Thursday, to $617. 4m.
Goldplat breaks even in H2 as cost-cutting efforts yield results
Gold producer Goldplat broke even in the second half of its trading year as cost-cutting efforts began to bear fruit.
Epwin profits on track after posting flat H1 revenues
Building products manufacturer Epwin expects full and half-year pre-tax profits to be in line with expectations despite posting flat first half sales.
London Metric acquires distribution warehouse in Bognor Regis
British property company LondonMetric purchased a south coast regional distribution warehouse for £17. 8m on Thursday, reflecting a net initial yield of 9. 0%.
Europe open: Mild bounce for stocks after PBoC pushes back on yuan weakness
Stocks across the Continent were staging a modest bounce on Thursday after moves from China's central bank that some traders said showed that it was pushing back on weakness in the country's currency, the yuan.
Debenhams appoints turnaround expert Stefaan Vansteenkiste as new CEO
Department store chain Debenhams has appointed Stefaan Vansteenkiste as its new chief executive officer.
Lower prices hit Evraz interims
Russian steel maker Evraz reported a 22% fall in core earnings on Thursday due to lower prices for vanadium, coking coal and steel products as the company warned of “volatile” markets in the second half.
Funding Circle H1 loss widens, FY guidance reiterated
FTSE 250 lending platform Funding Circle said on Thursday that its first-half loss widened as it reiterated guidance for the full year.
Tritax Big Box ups interim dividend payment as profits grow in H1
Real estate investment trust Tritax Big Box saw profits grow in the first half of its trading year, leading the group to up its interim dividend payout.
Derwent London ups interim dividend, agrees to sell The Buckley Building
British property investment and development business Derwent London saw total returns and net rental income increase during the first half of its trading year, leading the group to up its interim dividend payout.
FCA approves launch of Robinhood investing app in UK
Robinhood announced that the Financial Conduct Authority has approved the launch of its zero-fee stock trading app in Britain.
TI Fluid Systems reports earnings drop amidst 'challenging' global automotive market
Fluid storage systems manufacturer TI Fluid Systems saw underlying earnings fall in the first half of its trading year as revenues slipped amidst a "challenging" global automotive market.
Coca-Cola HBC volumes rise while profits slip in first half
Soft drinks bottler Coca-Cola HBC reported a 2. 2% improvement year-on-year in its volume for the first half, to 1. 09 million cases.
China exports unexpectedly jump in July
Chinese exports unexpectedly rose in July as global demand improved despite the Sino-US trade war, data revealed on Thursday.
Cineworld blames timing of film releases as H1 revenue drops
Cineworld reported a drop in first-half profit and revenue on Thursday as it pinned the blame on the timing of major releases, but the cinema operator still backed its full-year expectations.
Hastings H1 slumps on Ogden rate change
UK insurer Hastings reported a larger-than-expected fall in first-half profits after booking a charge to cover a change in the discount rate used to calculate personal injury claims.
UK housing market softens in July - RICS
The UK housing market softened more than expected in July, with consumers increasingly cautious due to Brexit, according to a survey released on Thursday by the Royal Institution of Chartered Surveyors.
Bellway profit seen in line with market views but operating margin set to moderate
Bellway said on Thursday that full-year pre-tax profit is expected to be in line with current market expectations as it built a record number of new homes, but the housebuilder cautioned that the operating margin was set to moderate further.