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Secure Income moving closer to pre-pandemic rent trajectory
Specialist long-term income real estate investor Secure Income reported a 2% improvement in its gross property value over its first half on Thursday, driven by rental uplifts up to the end of July of 1. 9%, with its topped-up net initial yield steady at 5. 4%.
No such thing as a free roam as Three flips on EU charges
Three has become the latest mobile network to slap its customers with roaming fees when travelling abroad, despite claiming two years ago it could save customers £187m after Brexit.
Cohort subsidiary gets two-year extension to UK military contract
Technology company Cohort announced on Thursday that its wholly-owned subsidiary Mass Consultants has been awarded a further two-year extension to the joint command and staff training contract for the UK armed forces' Strategic Command.
EMIS revenue rises as it looks to post-Covid market
Healthcare software and systems company EMIS Group reported a 7% improvement in total revenue in its first half on Thursday, to £83. 5m, with recurring revenue rising 4% year-on-year to £65. 8m.
Asia report: Stocks fall as producer prices surge in China
Most Asia-Pacific equity markets were on the back foot as they closed on Thursday, with the Chinese technology sector in the red amid fresh regulatory pressure from Beijing.
STV revenue rebounds past pre-Covid levels, investment continues
Scottish broadcaster STV Group reported a “strong” first half financial performance on Thursday, with revenue and adjusted operating profit accelerating ahead of pre-Covid levels, as it also announced the acquisition of a share of unscripted production company Hello Mary.
China factory gate inflation hits 13-year high
Factory gate inflation hit a 13-year high in August as manufacturers responded to the high cost of commodities, official figures showed.
Capital & Regional enters new partnership as net rental income falls
Capital & Regional reported net rental income of £13. 4m in its first half on Thursday, down from £15. 2m year-on-year, as it also announced a new residential development partnership.
RBC Capital Markets starts IntegraFin at ‘sector perform’
RBC Capital Markets initiated coverage of IntegraFin on Thursday with a ‘sector perform’ rating and a 610p price target.
Curtis Banks H1 adjusted pre-tax profits flat as adjusted operating margins narrow
Self-invested personal pension provider Curtis Banks Group said on Thursday that interim adjusted pre-tax profits were flat year-on-year despite posting increased revenues for the period.
JPMorgan upgrades ConvaTec to 'overweight'
JPMorgan Cazenove upgraded medical products company ConvaTec to ‘overweight’ from ‘neutral’ on Thursday, lifting the price target to 272p from 229p as it pointed to an attractive entry point.
Lookers reports strong trading after record first half
Lookers said it was trading ahead of expectations as the car dealer reported a record first-half profit boosted by rising prices for second-hand vehicles.
AstraZeneca asthma products perform well in phase 3 trials
AstraZeneca said on Thursday that positive high-level results from the ‘MANDALA’ and ‘DENALI’ phase 3 trials of PT027, or albuterol/budesonide, at both 180/160mcg and 180/80mcg doses, met all primary endpoints.
Speedy Hire trading in line with expectations
Tools and equipment hire company Speedy Hire said on Thursday that it is trading in line with the board’s expectations.
International PPL hikes interim dividend
Investment company International Public Partnerships said on Thursday that its portfolio had continued to turn in a "solid performance" over the six months ended 31 June.
UK house price growth eases as market cools from frenzy
UK house price growth started to ease in August as the market calmed down from a frantic rush to buy spurred by the Chancellor's stamp duty holiday, a survey showed.
London open: Stocks fall ahead of ECB policy announcement
London stocks fell in early trade on Thursday following downbeat US and Asian sessions, as investors eyed the latest policy announcement from the European Central Bank.
Europe open: Weak Asia adds to pre-ECB meeting jitters
European stocks opened lower again on Thursday, as weaker Asian markets added to jitters ahead of the European Central Bank’s meeting to discuss asset tapering later in the day.
JD Sports said to be considering investment in Missguided
JD Sports Fashion is reportedly considering an investment in online fashion brand Missguided that could involve an outright takeover of the business.
Computacenter warns over chip shortages as interim profits rise
Computacenter reported a jump in interim profit on Thursday but cautioned that shortages of electric components are set to last until "well into" 2022.