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London midday: Stocks maintain losses amid trade concerns; ex-divs a drag
London stocks were still weaker by midday on Thursday amid concerns about trade relations between the US and China, while ex-dividends were a drag.
Peacocks named as preferred bidder for stricken Bonmarché
Philip Day's fast-fashion chain Peacocks has been named preferred bidder for collapsed womenswear retailer Bonmarché, as the administrator flagged 30 stores that are to close before Christmas.
Stanley Gibbons losses narrow as transformation plan bears fruit
Philatelist Stanley Gibbons reported a narrowing of its interim losses on Thursday as its transformation programme bears fruit.
TClarke trading continues 'strongly' into second half
Building services group TClarke updated the market on its trading for the period from 1 July to date on Thursday, reporting that at the half year, it reported a 25% increase in underlying operating profit, with trading continuing “strongly” in the second half thus far.
AEW net asset value slips as it awaits Brexit clarity
AEW UK REIT reported an unaudited net asset value of £147. 55m, and of 97. 36p per share in its half-year results on Thursday, compared to £149. 46m and 98. 61p per share at the end of March.
Malvern International lowers revenue guidance
Learning and skills development firm Malvern International lowered forecasts for annual revenues on Thursday after a weaker-than-expected second half offset the strong performance seen in the first six months of the year.
CVS Group trading 'slightly ahead' of expectations
Veterinary services provider CVS Group said on Thursday that trading in the first four months of the year had been slightly ahead of expectations.
Redcentric doubles dividend after swing to profit
Redcentric more than doubled its half-year payout on Thursday as it swung to a profit thanks to cost-cutting measures from its ongoing strategic review.
Virgin Money cancels dividend after loss widens
Virgin Money, formerly CYBG, suspended its dividend on Thursday as it reported a widened annual loss on the back of higher costs and payment protection insurance (PPI) claims.
Active Energy signs licence deal with Canadian forestry management firm
Biomass-focussed renewable energy business Active Energy Group has agreed terms for the issuance of its first ‘CoalSwitch’ licence agreement to RMD Environmentals - a Canada-based forestry management and environmental engineering and consultancy business.
TR Property net asset value grows even as geopolitical concerns weigh
TR Property Investment Trust reported a 6. 4% improvement in its net asset value per share in its half-year results on Thursday, to 445. 12p.
Motorpoint profits fall amid 'challenging' conditions
Vehicle retailer Motorpoint reported a drop in first-half profit on Thursday amid "challenging" conditions.
Europe open: Markets drop after Trump signs HK bill
European stocks were lower on Thursday morning as investors feared a new law passed in Washington could scupper progress made in trade negotiations with Beijing.
London buses and UK rail help offset difficulties for Go-Ahead
Go-Ahead Group updated the market on its trading for the year-to-date on Thursday, reporting “high levels” of punctuality and customer satisfaction across its bus and rail businesses, with record punctuality for its Southeastern and Govia Thameslink Railway businesses.
St Modwen sell 3 retail assets for £34m
St Modwen properties said it had sold three retail assets in Doncaster, Crosby and Kirkby for a combined £34m, representing just over half of the company's remaining non-core retail portfolio as at May 2019.
Rathbone Brothers to buy personal injury business from Barclays Wealth
Rathbone Brothers said on Thursday that its wholly-owned subsidiary, Rathbone Investment Management Limited, has agreed to buy the personal injury and court of protection business of Barclays Wealth for an undisclosed sum.
PayPoint profits hit by rising costs
Payment services company PayPoint posted a decline in first-half profit on Thursday on the back of increased costs, but revenue rose.
London open: Stocks fall after Trump signs Hong Kong bill; ex-divs weigh
London stocks fell early on Thursday amid renewed concerns about trade relations between the US and China, while ex-dividends were a drag.
UK house price growth hits seventh-month high - Nationwide
House prices grew more than expected in November, hitting a seven-month high but remaining "subdued", according to the latest survey from Nationwide.
Ocado to build smaller fulfilment centre at St. Modwen site in Bristol
Ocado Group announced the location of a sixth ‘customer fulfilment centre’ (CFC) in the UK on Thursday, to support the growth plans of its grocery retail division.