Market Report
Experian posts Q3 revenue growth, backs guidance
Credit-checking firm Experian posted a jump in third-quarter revenue on Thursday with particularly strong growth in North America, as it backed its full-year guidance.
Diversification strategy a winner for Tritax Big Box
Tritax Big Box updated the market on its trading ahead of its results for the year ended 31 December on Thursday, reporting that its portfolio of 54 ‘big box’ assets and 114 acres of prime London distribution development land was independently valued at £3. 42bn as at year-end, including all forward funded development commitments.
Strong online growth drives GVC Holdings in fourth quarter
Sports betting and gaming group GVC Holdings issued a post close trading update for the year ended 31 December on Thursday, reporting that following a strong final quarter, it expected full year 2018 proforma underlying EBITDA to fall between £750m and £755m, ahead of current market consensus.
UK housing market outlook worst on record - RICS
The outlook for the UK housing market over the next three months was the worst on record in December as uncertainty over Brexit took its toll, according to the latest survey from the Royal Institution of Chartered Surveyors.
Thursday newspaper round-up: Brexit, sub-prime warning, M&A, Clarks
Philip Hammond told business leaders that the “threat” of a no-deal Brexit could be taken “off the table” within days and potentially lead to Article 50 “rescinded”, a leaked recording of a conference call reveals. The Chancellor set out how a backbench Bill could effectively be used to stop any prospect of no deal. He suggested that ministers may even back the plan when asked for an “assurance” by the head of Tesco that the Government would not oppose the motion.
Sage reiterates full-year guidance, Whitbread expecting profits to remain flat
London open The FTSE 100 is expected to open 34 points lower on Thursday, having closed down 0. 47% at 6,862. 68 on Wednesday.
London pre-open: Stocks seen lower amid trade war fears
London stocks looked poised for a downbeat open on Thursday amid fresh concerns about Sino-US trade relations.
US close: Markets keep their head above water
US stocks kept their heads generally above water on Wednesday, on the back of better-than-expected bank earnings from the likes of Bank of America and Goldman Sachs and the latest Brexit news from across the pond.