Market Pulse
Mediclinic warns there will be a fall in revenue for Middle East business
Mediclinic’s Swiss and Southern Africa businesses have traded in-line with expectations for the 2016 financial year, however the Abu Dhabi business continued to be “challenging” and the private healthcare group warned that there would be “steeper revenue decline” and lower earnings for the Middle East business.
CYBG 'evaluating opportunities' after Williams & Glyn talks cease
A day after it emerged in media reports, banking group CYBG confirmed on Tuesday morning that it had ceased discussions with RBS Group over the Williams & Glyn operations.
Wood Group retains cautious outlook going into 2017
Wood Group saw full-year 2016 profits sink amid challenging conditions in its core Oil & Gas market - describing the pricing environment as competitive - and said it remained cautious about the near-term outlook.
Earnings rise dramatically at The Renewables Infrastructure Group
The Renewables Infrastructure Group announced its results for the year to 31 December on Tuesday, with a total shareholder return for the year of 15. 7% on a share price basis and 9. 3% on a net asset value basis.
LondonMetric buys two distribution warehouses
LondonMetric has acquired a regional distribution warehouse in Wakefield for £9. 5m and a last mile distribution warehouse in Dartford for £6. 3m, reflecting a blended net initial yield of 5. 8% and a reversionary yield of 6. 4%.
SVG Capital confirms £300m buyback after tender
SVG Capital announced the results of a tender offer on Tuesday, which it set out on 23 January and which closed on 20 February.
Capita to impair £90m of assets and income
As part of its year-end close process, Capita said on Monday it had undertaken a comprehensive review across its major contracts, and as a result had taken the decision to impair, at year end 2016, a number of historic assets relating to a few specific contracts, which were being amortised over their contract life.
Britons increasingly concerned about the economy, Nielsen says
Concerns about the economy rose above those about terrorism or immigration as the date for Brexit negotiations to kick-off loomed closer on the horizon, the results of a survey showed.
London pre-open: Stocks seen touch weaker as investors eye data, Carney speech
Stocks in London were set for a slightly weaker open on Tuesday as investors awaited some data and a speech by Bank of England governor Mark Carney.
Tuesday newspaper round-up: Rates, Aramco, LSE, Copper
Philip Hammond has signalled that the government is looking at alleviating the impact of changes to business rates, which have triggered a fierce backlash among some Conservative MPs. The chancellor told his party’s influential 1922 committee that he was in “listening mode” over the policy, which will see rates rise by 13% in his own Runnymede and Weybridge constituency. - Guardian.