Market Report
WPP shifting US listing to NYSE from Nasdaq
Advertising and public relations behemoth WPP announced on Thursday that it is transferring the listing of its American depositary shares to the New York Stock Exchange from the Nasdaq Global Market, where they currently trade under the ticker ‘WPPGY’.
Legal & General makes some senior management changes
Legal & General Group announced a senior management shuffle in its Legal & General Retirement (LGR) and Legal & General Capital (LGC) divisions on Wednesday.
National Grid commits $550m to US operations, seeks approval to up rates
National Grid committed $550m of investment to its Massachusetts business as filed a request with the state's Department of Public Utilities to increase distribution rates for its gas utilities in the region.
Investec operating profit up 12% in first half
Investec posted a rise in operating profit for the first half on Thursday thanks to a solid performance form its asset management and wealth & investment businesses.
Mediclinic mulling amended offer for Spire
Mediclinic updated the market on its ongoing efforts to acquire Spire Healthcare on Thursday, confirming it would consider share price movements in recent weeks before possibly making an amended offer.
Revenue ahead but earnings mixed for Mediclinic
Mediclinic reported a 10% rise in revenue to £1. 41bn in its interim results on Thursday, adding that revenue remained flat in constant currency terms.
British Land increases development amid sharp 'polarisation' in demand
British Land increased its interim dividend 3% after selling £1. 5bn of assets in the half-year and seeing its portfolio increased in value by 1. 4%.
NAV continues to progress at 3i Group
Private equity and venture capital firm 3i Group reported continued progression in its net asset value per share in its interim results on Wednesday, saying it rose to 652p from 604p at the end of March, after the payment of the 18. 5p final dividend for the 2017 financial year.
London open: Stocks little changed ahead of retail sales data
London stocks were little changed in early trade on Thursday after ending the previous session at a six-week low, as investors eyed the release of the latest UK retail sales figures.
Galliford Try appointed to leading education building framework
The building division of FTSE 250 housebuilding, regeneration and construction group Galliford Try has been awarded all six lots that it bid for on the Education and Skills Funding Agency's school building framework.
BHP Billiton expects continued volatility in markets
BHP Billiton's chairman said the miner expects economic volatility to persist as the US, Europe and China face challenging transitions.
CMA unconditionally clears Just Eat's acquisition of Hungryhouse
The Competition and Markets Authority has unconditionally cleared Just Eat’s acquisition of Hungryhouse, saying the deal does not raise any competition concerns.
Glaxo's Trelegy Ellipta gets EU approval for treatment of COPD
GlaxoSmithKline and Innoviva have been granted marketing authorisation by the European Commission for their Trelegy Ellipta once-daily single inhaler triple therapy for the treatment of adult patients with moderate to severe chronic obstructive pulmonary disease.
Prudential new business profit up 17%
Prudential said on Thursday that life insurance new business profit rose 17% in the first nine months of the year, reflecting higher sales and more favourable economic conditions.
London pre-open: Stocks to edge higher ahead of retail sales
London stocks were set to edge higher at the open on Thursday following losses in the previous session, as investors eyed the release of the latest UK retail sales figures.
Thursday newspaper round-up: Housing crisis, broadcasters, LSE, energy users
Theresa May will signal that tackling the housing crisis will be a key theme of next week’s budget as pressure mounts on the chancellor, Philip Hammond, to release fresh resources to invest in building new homes. MPs and ministers have been urging the chancellor to spend more on housebuilding, since the general election campaign underscored younger voters’ concerns about the difficulties of getting on the property ladder. – Guardian.
US close: Markets finish lower as tax reform concerns linger
Wall Street finished lower on Wednesday, following the release of stronger-than-expected consumer price inflation and retail sales data for October and amid lingering concerns about the progress being made by the White House on tax reforms.