Market Report
Tui first-half losses widen as markets & airlines division struggles
Travel company Tui reported a widening of its losses for the first half on Wednesday as it pointed to a weak demand environment in its markets and airlines segment, but reaffirmed its outlook for FY19.
Cineworld sees slow start to year but confident over outlook
Cineworld posted a drop in total revenues on Wednesday but sounded an upbeat note about the rest of the year as it announced the signing and completion of a sale and leaseback of US-based multi-screen cinemas to units of Realty Income.
German economy revives in first quarter of 2019
Germany's economy bounced back as expected in the first quarter of 2019 as consumers spent more and construction and equipment activity increased.
Energean's Israeli flagship on track; production in Greece deferred
Energean Oil and Gas said its flagship project off the coast of Israel was on track to start delivering gas by 2021.
Speedy Hire posts profit rise, hikes dividend
Tool and equipment hire company Speedy Hire reported a 19. 3% rise in full-year adjusted pre-tax profit on Wednesday as it hiked its dividend.
Moss Bros sales rise but hire division remains a disappointment
Menswear retailer Moss Bros posted a small increase in total sales for the first 15 weeks of the year on Wednesday but a dip in like-for-like sales, as it said the performance of the hire division remains disappointing.
OneSavings and Charter Court post Q1 loan book growth ahead of merger
OneSavings Bank and Charter Court Financial Services both posted growth in their loan books for the first quarter on Wednesday ahead of their planned merger.
SSP Group lifts expectations after decent first half
Travel food and beverage retail specialist SSP Group reported underlying operating profit of £62. 5m in its interim results on Wednesday, which was up 14. 6% at constant currency and 13. 2% at actual exchange rates.
Playtech reiterates guidance as it works through B2B struggles
Playtech said on Tuesday that it has made “significant progress” on executing its strategy and on strengthening its corporate governance in the last year, as its investora gathered for the company’s annual general meeting.
Crest Nicholson sales improve despite 'heightened uncertainty'
UK housebuilder Crest Nicholson saw half year sales improve despite "heightened uncertainty", with the group prioritising cash flow and dividends, as well as unlocking value in its land portfolio.
Hargreaves Lansdown pleased with recent performance in tough market
Hargreaves Lansdown updated the market on its trading for the four months ended 30 April on Wednesday, reporting net new business of £2. 9bn.
London open: Stocks nudge up as Trump softens stance; Tui rallies on results
London stocks nudged higher in early trade on Wednesday, taking their cue from positive sessions in the US and Asia as traders welcomed signs of a softening stance from US President Trump on trade relations with China.
Experian revenue rises as North America, EMEA/Asia Pacific perform well
Credit-checking company Experian said on Wednesday that full-year pre-tax profit nudged higher as revenue rose amid strong growth across all of its regions, particularly North America and EMEA/Asia Pacific.
Kingfisher maintains full-year guidance, first-half profit rises at Compass Group
London open The FTSE 100 is expected to open 33 points higher on Wednesday, having closed up 1. 09% at 7,241. 60 on Tuesday.
London pre-open: Stocks seen higher on positive US and Asian cues
London stocks were set to gain at the open on Wednesday, taking their cue from positive sessions in the US and Asia as traders welcomed signs of a softening stance in trade relations between the US and China.
Wednesday newspaper round-up: British Steel, payday lenders, McLaren, SLA
British Steel is seeking emergency funds from the government, blaming politicians’ failure to strike a Brexit deal for a crisis that leaves one of the UK’s last two steelworks – and 4,500 staff – facing an uncertain future. The company, which owns the Scunthorpe steelworks, is in rescue talks with its lenders over a £75m rescue package that is understood to be at risk of falling apart unless the government contributes. - Guardian.