Market Report
Speedy Hire Q1 revenues rise, new chairman appointed
Equipment rental company Speedy Hire reported a rise in first-quarter revenue on Thursday as it announced the appointment of a new chairman.
Stenprop offloading Swiss property in pivot to UK industrial
Stenprop told shareholders on Thursday that it had completed the disposal of two of its Swiss properties, Altendorf and Arlesheim, via the sale of the entire issued share capital of Polo Property to Helvetica Swiss Commercial earlier in the week.
Shore Capital upgrades Nichols after de-rating, says interims are 'solid'
Shore Capital upgraded its stance on Vimto maker Nichols to 'hold' from 'sell' on Thursday following a de-rating and as the company put out its interim results.
London midday: Miners cap gains even as pound slumps on retail sales
London stocks were up just a touch by midday on Thursday even as the pound took another beating, falling below $1. 30 after the release of disappointing retail sales figures, as losses in the mining sector kept a lid on gains.
Europe midday: Stocks in the red as Publicis slumps on revenue miss
European stocks were still in the red by midday on Thursday as investors sifted through a slew of corporate news, with advertising giant Publicis sharply lower after a second-quarter revenue miss.
South32 posts solid final quarter production numbers
South32 issued its quarterly report for June on Thursday, announcing record performance at Australia Manganese and a 10% increase in total manganese ore production in the full-year, as the company continued to take advantage of stronger demand and pricing.
Pound drops to 10-month low after disappointing week of data
Sterling was sent slipping and sliding to below $1. 30 for the first time in 10 months after a series of disappointing economic data points this week lowered expectations for UK interest rates.
Hummingbird issues solid production results in first full quarter at Yanfolila
African gold producer Hummingbird Resources issued its second quarter production results to 30 June on Thursday, reporting 33,101 ounces of gold poured at Yanfolila during the period, at an all-in sustaining cost of $790 per ounce.
Versarien narrows loss as it seeks to open up new markets
Advanced engineering materials group Versarien announced its unaudited results for the year ended 31 March on Thursday, reporting a 52% improvement in group revenues to £9. 02m.
Babcock sales hit by delays in UK defence spending
Delays in defence activity will hold back Babcock's underlying revenue growth to "low single digits" this year.
Roche's Tencentriq meets co-primary endpoint in lung cancer trial
Roche announced on Thursday that the Phase III IMpower132 study had met its co-primary endpoint of progression-free survival (PFS) and demonstrated that the combination of ‘Tecentriq’ (atezolizumab) plus chemotherapy - cisplatin or carboplatin plus pemetrexed - reduced the risk of disease worsening or death compared to chemotherapy alone in the initial treatment of advanced non-squamous non-small cell lung cancer (NSCLC).
US pre-open: Stocks to slip as investors eye Microsoft earnings
US stocks looked set for small losses at the open on Thursday following five days of gains, as investors eyed the release of earnings from the likes of Microsoft and BNY Mellon.
Nichols interim profit and sales rise as Vimto outperforms the market
Drinks company Nichols posted a rise in interim revenue and profit on Thursday thanks to a strong performance from the UK business.
Rio Tinto investee Oyu Tolgoi enters agreements with three EPC firms
Rio Tinto announced on Thursday that Oyu Tolgoi, an entity in which it has a 33. 5% indirect ownership interest, had entered into agreements with three Chinese engineering, procurement and construction (EPC) contractors, each of which would potentially create a smaller related party transaction for the purposes of the UK Listing Rules.
Moneysupermarket interim profit up 5%, to launch new mortgage business
Price comparison website Moneysupermarket posted a rise in interim profit and revenue on Thursday as it announced plans for a new mortgage business.
AO World on track for full year despite weaker June
Online electrical goods retailer AO World said on Thursday that revenue grew 8% in the first quarter and that its expectations for the full year are unchanged.
Europe open: Stocks in the red; Publicis tumbles as Q2 sales decline
European stocks fell in early trade on Thursday as investors sifted through corporate news, with advertising giant Publicis under pressure as its second-quarter revenue missed expectations.
London open: Stocks tick higher ahead of retail sales; SSE and Unilever drop
London stocks nudged a touch higher on Thursday as the pound remained under pressure but off recent lows, with all eyes on the latest retail sales data and the new Brexit secretary's first talks in Brussels later.
Unilever sales hit by Brazil truckers strike but margins improve
Unilever's underlying sales growth slowed more than expected in the second quarter due to the impact of a truckers' strike in Brazil but the company improved profit margins and remained confident of hitting full year targets.
Capita awarded £30m contract by Southern Water
Capita has been awarded a £30m, five-year contract by Southern Water that will see the outsourcer become its new customer services managed service provider.