Market Report
Itaconix licenses non-core polymer assets to tremco-illbruck
Itaconix announced on Thursday that it has licensed certain non-core polymer assets developed under a joint development agreement, to tremco-illbruck - a division of RPM International.
Rise in revenue offsets drop in client numbers for CMC Markets
CMC Markets posted record operating income in the third quarter, with a jump in revenue helping to offset a drop in active client numbers, as the spreadbetter cautioned over the impact of regulatory uncertainty.
KKR sells off remaining stake in Pets at Home
US private equity firm KKR has sold its remaining stake in Pets at Home.
High street bank mortgage approvals fall to near three-year low
UK mortgage approval numbers dropped off more than expected last month with approvals by the main high street banks falling to their lowest level since January 2015, data from the industry showed on Thursday.
German business sentiment unexpectedly improves in January - Ifo
German business confidence unexpectedly improved in January, according to a widely-followed survey.
Kaz Minerals posts bumper copper production
Kaz Minerals reported a bumper increase in full-year copper production on Thursday, with the figure rising 80% over 2016 to 259 kt in the 2017 calendar year.
Hornby warns over larger-than-expected full-year loss
There was more bad news for Hornby on Thursday as the AIM-listed model train set maker warned that full-year losses are likely to be bigger than it had expected.
ASOS sales lifted by same-day deliveries, try before you buy
Total sales at ASOS rose 30% in the four months to the end of December, as same-day delivery and the online fashion retailer’s ‘try before you buy’ offers bore fruit.
London open: Stocks flat as investors eye sterling and ECB
London stocks were steady in early trade on Thursday as investors continued to keep an eye on the pound after its surge against the dollar the previous day dragged the top-flight index down to its lowest level so far this year.
Kier reassures over Carillion contracts, debts and order book
Construction and services contractor Kier Group provided investors reassurance over its debt, order book and current contract performance, arresting the shares' recent plunge after the collapse of sector peer Carillion.
Europe open: Germany's Dax down as rest of Europe makes bright start
A sell-off on German markets was the only downside to a brighter opening on European markets, but it was enough to send the benchmark Stoxx lower on Thursday.
BGEO's Aldagi signs retail agreement with Credo Bank
BGEO Group announced on Thursday that its property and casualty insurance subsidiary, JSC Aldagi, has signed a three-year partnership agreement with JSC Credo Bank.
PayPoint performing in line despite certain headwinds
Payment services and technology provider PayPoint posted a 3. 6% improvement in group like-for-like net revenue for the three months to 31 December on Thursday, to £31. 8m.
Meggitt sees 'significant' non-cash exceptional tax credit from US reforms
Meggitt, a FTSE 250 engineering business specialising in aerospace equipment, said on Thursday that it expects changes to the US tax system to result in a “significant” non-cash exceptional tax credit in its 2017 financial results due to the revaluation of certain US deferred tax liabilities.
Sky posts solid earnings growth as it rolls out new tech
Amid an ongoing takeover bid from 21st Century Fox, Sky reported a 5% increase in like-for-like revenue in its first half on Thursday, to £6. 7bn.
Commodities: Weaker dollar boosts metals in 'best time for decades'
The weaker US dollar boosted metal and other commodity prices on Wednesday, after US treasury secretary Steve Mnuchin endorsed the weaker dollar in a panel at the World Economic Forum in Davos.
Close Brothers loan book rises, inflows strong
FTSE 250 merchant bank Close Brothers reported a rise in its loan book on Thursday and said it remained well placed for the full 2018 financial year, as it announced the departure of its finance director.
Restaurant Group sales drop amid challenging market
Garfunkel’s and Frankie & Benny’s owner Restaurant Group reported a drop in full-year sales on Thursday amid a challenging environment.
Countryside Properties completions jump 47%
Countryside Properties said on Thursday that it had a “strong” first quarter and is trading in line with expectations for the full year, as it reported a 47% jump in total completions.