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Headline News
01 Nov
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Apple to expand iPhone satellite capability with £1.5bn commitment

Apple strengthened its partnership with satellite communications firm Globalstar, it was reported on Friday, by committing around $1. 5bn to expand iPhone satellite services, according to a recent securities filing.

01 Nov
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Ryanair could cut UK flights by up to 10% after APD increase

Ryanair said on Friday that it could cut up to 10% of its scheduled flights to and from UK airports next year, as it criticised the government’s decision to increase the tax on airline tickets in the Budget.

01 Nov
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UK manufacturing sector contracts in October

UK manufacturing activity contracted in October ahead of the Budget, according to a survey released on Friday.

01 Nov
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CMC Markets enters partnership with New Zealand's ASB

CMC Markets announced a strategic partnership with New Zealand bank ASB on Friday, marking a significant expansion into the Australia-New Zealand region.

01 Nov
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House price growth slows in October - Nationwide

UK house price growth slowed in October, according to figures released on Friday by Nationwide.

01 Nov
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UK retail footfall eases in October - BRC

UK retail footfall declined in October, industry data showed on Friday, reversing much of September’s surprise uplift.

31 Oct
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International Paper posts strong quarter, reviews GCF business

International Paper posted strong third-quarter results on Thursday, reporting adjusted earnings of 44 cents per share, surpassing the Zacks consensus estimate of 24 cents by 83%.

31 Oct
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Merck tops Q3 earnings forecasts despite slower Gardasil demand

Pharmaceuticals firm Merck reported a solid third quarter on Thursday, with revenue up 4% year-over-year to $16. 7bn, driven by robust sales of its cancer drug Keytruda, although muted demand for the Gardasil HPV vaccine remained a challenge.

31 Oct
Reaction Engines crashes into administration - report

Reaction Engines has reportedly crashed into administration after weeks of talks with potential backers failed to result in a rescue deal.

31 Oct
Danske Bank ups guidance after bumper third quarter

Danske Bank boosted its full-year outlook on Thursday, after third-quarter earnings at Denmark’s biggest lender smashed expectations.

31 Oct
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BNP Paribas net income grows as core business faces challenges

BNP Paribas shares were in the red on Thursday morning, after it reported third-quarter net income of €2. 87bn, marking a 5. 9% year-on-year increase, amid challenges in its core lending business and a mixed performance from investment banking.

31 Oct
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SocGen reshuffles management as Q3 numbers beat forecasts

French lender Societe Generale posted better-than-expected quarterly profits on Thursday, as it unveiled a shake-up of senior management.

31 Oct
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Vodafone inks deal to potentially acquire Romania Telekom Mobile

Vodafone announced on Thursday that its Vodafone Romania subsidiary and Digi Romania have signed a memorandum of understanding (MoU) with the Hellenic Telecommunications Organization (OTE) concerning a potential acquisition of parts of Telekom Romania Mobile.

31 Oct
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Sainsbury’s sells AFS cards portfolio to NewDay Group

Sainsbury’s said on Thursday that it has agreed to sell the Argos Financial Services (AFS) cards portfolio to NewDay Group for £720m.

31 Oct
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Beer volumes disappoint at AB InBev

Shares in Anheuser-Busch InBev came under pressure on Thursday, after the brewing giant posted a sharper-than-expected drop in beer volumes.

31 Oct
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Coca-Cola HBC reports strong third-quarter revenue growth

Coca-Cola HBC reported strong organic revenue growth of 13. 9% in its third quarter on Thursday, fuelled by focused execution throughout the summer period.

31 Oct
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Smith & Nephew cuts sales guidance on Chinese headwinds

Shares in Smith & Nephew tumbled on Thursday, after the medical devices firm slashed its full-year sales guidance on weaker-than-expected sales in China.

31 Oct
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Kainos FY revenues to be 'moderately below' market views, shares slide

Kainos tumbled on Thursday as the IT services company said full-year revenues would be "moderately below" current market consensus, with the majority of the reduction flowing through to adjusted pre-tax profit.

31 Oct
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BoJ keeps benchmark policy rate unchanged

The Bank of Japan kept its benchmark policy rate unchanged on Thursday at 0. 25%, as widely expected.

31 Oct
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Haleon 'on track' for full year, notwithstanding currency headwinds

Haleon reported organic revenue growth of 6. 1% for the third quarter on Thursday, driven by balanced increases in both price and volume/mix at 3. 3% and 2. 8% respectively, though reported revenue declined by 0. 6% due to currency impacts.