Headline News
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.
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.
UK manufacturing sector contracts in October
UK manufacturing activity contracted in October ahead of the Budget, according to a survey released on Friday.
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.
House price growth slows in October - Nationwide
UK house price growth slowed in October, according to figures released on Friday by Nationwide.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
BoJ keeps benchmark policy rate unchanged
The Bank of Japan kept its benchmark policy rate unchanged on Thursday at 0. 25%, as widely expected.
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.