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Petropavlovsk posts 39% drop in H1 output
Gold miner Petropavlovsk reported a 39% drop in first-half output on Wednesday but stated a higher gold price had partially offset the impact.
Strength in Vimto brand underpins first half for Nichols
Soft drinks maker Nichols reported a 13. 8% improvement in group revenue in its first half on Wednesday, to £67. 4m.
Mulberry swings to FY profit despite store closures
Luxury handbag maker Mulberry said on Wednesday that it swung to a profit in 2021 despite revenues being hit by Covid closures, as digital sales rose.
Intertek buys Brazil testing firm JLA
Intertek Group has acquired JLA Brazil, it announced on Wednesday, which provides food, agri and environmental testing solutions, and is based in Brazil.
Foxtons considering sale of mortgage broking business
London estate agent Foxtons confirmed on Wednesday that it is considering the sale of its mortgage broking business.
Bakkavor reports 'strong sales momentum' as Covid-19 restrictions ease
Food manufacturer Bakkavor said on Wednesday that it has seen "strong sales momentum" following the easing of Covid-19 restrictions, helping it deliver growth on the equivalent periods in both 2019 and 2020.
Euromoney delivers 'encouraging' Q3 trading performance
Business and financial information company Euromoney Institutional Investor said on Wednesday that it had delivered a "continuing encouraging trading performance" in the three months ended 30 June.
St Modwen bidder enters loan agreement
St Modwen Properties said the Blackstone-backed firm planning to take the UK residential property company private in a $1. 75bn deal has entered into a loan agreement to fund the transaction.
Computacenter H1 profit seen up 50% despite supply shortages, FX headwinds
Computacenter said on Wednesday that it expects adjusted pre-tax profit for the first half to be around 50% ahead of the same period a year ago despite supply shortages and FX headwinds.
Close Brothers loan book increases despite reduced face-to-face interaction
Merchant banking group Close Brothers said on Wednesday that its trading performance had been strong during the 11 months ended 30 June, with high levels of activity in its banking unit, good net inflows in the firm's asset management division and strong trading income in its Winterflood subsidiary.
Europe open: Shares rally on upbeat earnings, travel sector
European shares opened higher on Wednesday as upbeat earnings reports and a strong rise in travel stocks boosted sentiment.
Antofagasta maintains FY guidance despite drop in H1 production
Mining giant Antofagasta maintained full-year guidance on Wednesday despite posting a fall in interim production as a result of lower grades.
London open: Next surges after update as stocks rally
London stocks rose in early trade on Wednesday as investors mulled the latest UK borrowing figures, with an upbeat trading statement from Next helping to boost sentiment.
Rio Tinto agrees to fund study into damage cause by Panguna mine
Global miner Rio Tinto has promised to pay for an independent assessment of environmental damage caused by its Panguna mine in Bougainville 32 years after it fled the island as it descended into civil war.
UK public sector borrowing falls in June
UK public sector net borrowing fell in June as the economy opened up again, according to figures released on Wednesday by the Office for National Statistics.
Wickes reaffirms half-year profit guidance
Wickes confirmed its half-year profit guidance on Wednesday as it reported a jump in like-for-like sales, driven by DIY and local trade, while its full-year outlook remains in line with expectations.
Next lifts profit guidance, Intertek buys Brazil's JLA
London open The FTSE 100 is expected to open 32 points higher on Wednesday, having closed up 0. 54% at 6,881. 12 on Tuesday.
London pre-open: Stocks to edge up after positive Wall St session
London stocks were set to nudge up at the open on Wednesday following a positive finish on Wall Street.
Wednesday newspaper round-up: UK public services, theatres, Apple
Rishi Sunak is poised to usher in cuts to public services of up to £17bn compared with the government’s pre-pandemic plans unless he takes action this summer to increase funding, a leading thinktank has warned. The Institute for Fiscal Studies said the government was on track to spend between £14bn and £17bn less each year on a range of public services from April 2022 than had been earmarked prior to Covid-19. - Guardian .