Company news from ShareCast
Travel stocks soar in London as OPEC choses to maintain output target
Thu 27 November 2014 20:17
Oil stocks were the clear losers in London on Thursday after the Organization of Petroleum Exporting Countries (OPEC) chose not to cut production despite a global supply glut, sending crude prices to levels not seen since 2010.
EU politicians vote in favour of Google split proposal
Thu 27 November 2014 20:10
The European Union has shown its support for an investigation into the proposed break-up of internet giant Google.
Net-A-Porter website crashes as it launches sale ahead of Black Friday
Thu 27 November 2014 17:26
Luxury online fashion store Net-A-Porter crashed on Thursday as it launched its end of season sale ahead of Black Friday.
Friday preview: Eurozone inflation in focus amid deflation concerns
Thu 27 November 2014 16:27
Eurozone inflation data will be in focus on Friday amid concerns about the risk of disinflation.
Charles Stanley swings to £3.9m first-half loss
Thu 27 November 2014 15:14
Investment management firm Charles Stanley has reported a £3.9m loss for the six months to 30 September following increased costs during a period of static markets.
Smith & Nephew's chief executive Bohuon slams reports of Sanofi appointment
Thu 27 November 2014 14:58
Smith & Nephew's shares rose after chief executive Olivier Bohuon reportedly told employees he has no intention of leaving the company following speculation that he was taking the helm of Sanofi.
Ryanair to replace flight manuals with iPads
Thu 27 November 2014 13:57
After allowing passengers to carry an extra cabin bag on their planes, Ryanair has decided to save space by binning flight manuals.
Candy Crush maker chairman quits
Thu 27 November 2014 12:19
Melvyn Morris, the chairman of Candy Crush-maker King Digital, has stepped down from his role.
Quantum Pharma aims to raise £106m in AIM listing
Thu 27 November 2014 11:54
Quantum Pharma announced plans to float on the London Stock Exchange as it aims to raise £106.1m.
RPC to buy Promens in £306m deal
Thu 27 November 2014 11:17
Plastic packaging supplier RPC has announced its intention to purchase Iceland-based Promens Group AS for £306.73m.
First phase of Ebola vaccine tests successful, GSK says
Thu 27 November 2014 10:21
An Ebola vaccine developed by Glaxosmithkline (GSK) has passed its first phase trial after testing 20 volunteers in the US.
Shaftesbury NAV soars on demand for property in London's West End
Thu 27 November 2014 09:42
Very strong demand across its property portfolio in the last year has driven net asset value (NAV) soaring higher at Shaftesbury, the real estate investment trust focused on London's West End.
Toyota recalls more cars amid safety concerns
Thu 27 November 2014 09:22
Japanese car manufacturer Toyota Motor Corporation has recalled more than 40,000 vehicles after concerns were raised over defective air bags.
Electra sees NAV rise 15% driven by investments
Thu 27 November 2014 09:14
UK firm Electra Private Equity saw its shares rise after reporting a "record level of investment" for the full year.
Marston's spills some profits but pub plans on track
Thu 27 November 2014 08:17
Pubs and brewing group Marston's has served up preliminary annual results in line with City forecasts as it made progress in improving the profitability of its pubs estate.
Acacia Mining proposes joint venture with Sarama Resources
Thu 27 November 2014 08:11
Acacia Mining, formerly African Barrick Gold, has proposed a joint venture with Sarama Resources for the South Houndé gold project in Burkina Faso.
Travis Perkins aiming for double-digit EBITA growth
Thu 27 November 2014 08:08
Builders' merchant Travis Perkins has lifted its spending budget for 2015 and 2016 as it set out its growth targets, forecasting a double-digit increase in operating profits over the medium-term.
Rio Tinto plans expansion of Canadian diamond mine
Thu 27 November 2014 07:56
Rio Tinto has approved the US$350m development of a fourth kimberlite pipe at its 60%-owned subarctic Canadian diamond mine, Diavik.
SAB Miller, Coca-Cola and GFI join forces to create African JV
Thu 27 November 2014 07:53
Beverage industry giants SAB Miller and Coca-Cola are to join forces with Gutsche Family Investments (GFI) to create a new bottling company focused on Africa, with $2.9bn in revenue.
Legal & General wins £2.5bn bulk annuity contract with TRW pension scheme
Thu 27 November 2014 07:27
Insurance and investment services group Legal & General has won a £2.5bn bulk annuity contract with the UK pension scheme of US car-parts group TRW Automotive.
GSK-Novartis deal wins US trade regulator approval
Thu 27 November 2014 07:12
Glaxosmithkline is on track to complete its complex three-way £11bn deal with Swiss pharmaceutical peer Novartis next year after US regulators approved the first two parts of the transaction.
Business acquistions boost RPC H1 revenue
Thu 27 November 2014 07:07
Rigid plastic packaging supplier RPC Group said its revenue grew in the first half of 2014, courtesy of business acquisitions and satisfying progress in its existing programmes.
Thursday preview: Draghi speaks, German inflation, unemployment, consumer confidence
Wed 26 November 2014 15:19
With US markets closed for Thanksgiving, the Eurozone will take the spotlight on Thursday as European Central Bank (ECB) President Mario Draghi speaks and Germany sees the release of unemployment, consumer confidence and inflation data.
Russian Qiwi acquires Money.mail.ru payment service
Wed 26 November 2014 15:07
Internet company Mail.Ru said Russian payment services provider Qiwi will acquire its Money.mail.ru project.
Flybe signs white-label plane deal with Scandinavia's SAS
Wed 26 November 2014 14:53
UK low-cost airline group Flybe has entered into a white-label deal with Scandinavia's largest carrier, SAS, to operate four of its aircraft from next year.
Royal Mail CEO Moya Green warns of competition threat to letter delivery
Wed 26 November 2014 14:50
Royal Mail chief executive Moya Greene has warned parliament that cherry-picking of more profitable urban delivery contracts seriously threatens the company's ability to provide countrywide letter delivery under its 'universal service obligation'.
HSBC to refund excessive foreign currency fees
Wed 26 November 2014 13:50
HSBC will refund customers in certain Middle Eastern and North African countries for charging excessive foreign currency fees on debit and credit card transactions.
Private & Commercial Finance reveals strong first half results
Wed 26 November 2014 11:51
Private & Commercial Finance (PCF) expect to fulfill their target of a 2% return on assets next year, as pre-tax profits rose in the first half due to an uptick in revenue that outpaced increased costs.
BT's takeover talks with EE confirmed by Orange and Deutsche Telekom
Wed 26 November 2014 11:32
Germany's Deutsche Telekom and France's Orange have confirmed they are in talks about selling their UK EE mobile phone network to BT.
Daily Mail & General Trust full-year revenues up despite decline in print circulation
Wed 26 November 2014 11:26
Newspaper publisher Daily Mail and General Trust posted better-than-expected full year results on Wednesday, driven by its media and advertising businesses.
Metal dealers face US lawsuit after accusations of price fixing
Wed 26 November 2014 10:33
Four large scale platinum and palladium dealers have been sued in the US for what the plaintiff's law firm have called the first nationwide class action over an alleged price-fixing of the metals.
Finsbury Food says hot cake sales boost first quarter
Wed 26 November 2014 10:31
Cakes and breads baker Finsbury Food Group reported a 3.9% increase in revenues, boosted by stronger sales in the first four months of its new financial year.
Microsoft allegedly fined $140m by Chinese government for tax evasion
Wed 26 November 2014 09:20
Microsoft has been fined $140m in back taxes and interest by the Chinese government, according to reports.
European real estate retains income attractions, says TR Property
Wed 26 November 2014 08:43
European real estate investor TR Property Investment Trust said it expected earnings for the full year to be ahead of last year and that continental property retained good prospects for generating income.
Nostrum nine-month revenue hit by oil price decline
Wed 26 November 2014 08:27
Nostrum Oil & Gas said its revenue in the nine to the end of September fell because of a decline in oil prices.
LondonMetric interims show benefits following portfolio re-shape
Wed 26 November 2014 08:18
Retail landlord LondonMetric reported good growth in its profits and revenues for the six months to the end of September, boosted by a shift in its focus from offices and residential to retail distribution properties.
UK property group Daejan increases first-half profits
Wed 26 November 2014 08:08
Daejan Holdings reported a jump in pre-tax profit in the first half as the British-based property business saw gross rental income grow.
Astrazeneca and Amgen hail success in psoriasis treatment trial
Wed 26 November 2014 08:03
A clinical trial of a psoriasis treatment by partners Astrazeneca and Amgen met its primary endpoints, the pharmaceutical companies announced on Wednesday.
Britvic's full-year profits jump, but outlook cautious
Wed 26 November 2014 07:56
Higher revenue and an effective cost control strategy saw soft drink producer Britvic's operating profit for the year rise almost 18%.
Thomas Cook CEO Harriet Green departs as growth outlook clouds over
Wed 26 November 2014 07:45
Thomas Cook chief executive Harriet Green has stepped down after little more than two years in charge of the troubled travel group, claiming her turnaround "was complete", though the company was more cautious on next year's growth expectations.
Compass hikes annual dividend after 'another good year'
Wed 26 November 2014 07:11
Catering group Compass lifted its annual dividend by over a tenth after an improvement in both sales and profits in the year to 30 September.
United Utilities hits targets as Ofwat final determination looms
Wed 26 November 2014 07:07
Half-year results for United Utilites showed modest improvements in revenues and profits, as the water company expressed confidence about the forthcoming new regulatory pricing structure after submitting a plan for lower prices.
Wolseley revenue rises in Q3 but gross margins remain under pressure
Wed 26 November 2014 07:07
Weak market conditions throughout Europe put gross margins under pressure at plumbing and heating products distributor Wolseley.
Samsung raises £1.1bn by selling chemical and defence stakes
Wed 26 November 2014 06:50
South Korean technology conglomerate Samsung is to raise 1.9trn won (£1.1bn) from selling stakes in four of its chemical and defence companies.
Genel continuously looking for opportunities, chief says
Tue 25 November 2014 21:25
The number of oil producers in the Kurdistan region of Iraq is set to shrink drastically over the next five years, to the benefit of the largest operators, such as Genel, Exxon and Chevron.
Hewlett Packard posts revenue drop in almost all segments
Tue 25 November 2014 21:13
Technology giant Hewlett Packard (HP) posted weaker than expected fourth quarter results after the close of the markets on Tuesday.
Agents' Mutual hits out at Zoopla and Rightmove ahead of January launch
Tue 25 November 2014 17:25
Agents' Mutual, the new entrant to the UK online property portal industry, has criticised incumbent market leaders Rightmove and Zoopla, claiming that it will be a disrupter to its rivals when it launches early next year.
Wednesday preview: UK GDP, US durable goods orders, Compass reports
Tue 25 November 2014 15:49
UK gross domestic product (GDP) grew by 3% in the third quarter, the Office for National Statistics is expected to confirm on Wednesday.
JD Sports sells Bank Fashion business
Tue 25 November 2014 13:31
JD Sports Fashion has sold its Bank Fashion business to a subsidiary of Hilco Capital, which the retailer said should result in a substantial recovery of its inter-company loan.
Rolls-Royce lands two-year deal with US Marine Corps and Air Force
Tue 25 November 2014 13:30
Rolls-Royce has been awarded a two-year contract to provide aftermarket engine support for the US Marine Corps and Air Force V-22 fleets.
Tesco shareholders take legal action against food retailer
Tue 25 November 2014 11:04
Tesco shareholders decided to take legal action against the food retailer after the troubled giant declared a £263m hole found in profits.
Merger of Rio Tinto and Glencore is inevitable, says UK banker
Tue 25 November 2014 10:15
Glencore is inevitably set to takeover Rio Tinto to create the world's largest mining group, according to sector-merger expert Ian Hannam.
Twitter CFO accidently tweets message about a potential acquisition
Tue 25 November 2014 10:14
Twitter chief finance officer (CFO) Anthony Noto accidentally tweeted a message about a potential acquisition by Twitter.
BT could offer £5bn to Telefonica for O2
Tue 25 November 2014 10:01
British telecom giant BT could offer almost £5bn to Spanish firm Telefonica to purchase O2 mobile network.
Argos opens first London Undergound store at Cannon Street
Tue 25 November 2014 09:56
Argos, the retail chain owned by Home Retail Group, has opened the first in a series of click-and-collect stores in London Underground stations, with commuters able to order from their smartphones elsewhere on the tube network and collect items from the C
Santander's chief executive Marin to be replaced by chief financial officer Alvarez
Tue 25 November 2014 09:37
Banco Santander on Tuesday announced that chief executive Javier Marin will be replaced by its current chief financial officer Antonio Alvarez.
Royal Mail partners with Amazon to offer Post Office 'click and collect'
Tue 25 November 2014 09:18
Royal Mail and Amazon announced a partnership which will enable online shoppers to have items delivered to their nearest Post Office branch.
Greencore FY revenue jumps as firm continues US expansion
Tue 25 November 2014 08:37
Food business Greencore Group revenue rose 6.4% as the company continues its expansion to drive in the US.
Petra Diamonds BBE partners refinance loans
Tue 25 November 2014 08:33
Petra Diamonds's black economic empowerment (BEE) partners have been granted third party finance for loans that were originally financed by Petra for the acquisition of the partners' interests in the Finsch and Cullinan mines.
De La Rue slashes dividend as interim profits slide
Tue 25 November 2014 08:31
Bank note printer De La Rue has posted a 36% drop in first-half profits amid pressure from tougher market competition that is expected to continue to hit margins into the next financial year.
Support and resistance levels for the main equity benchmarks
Tue 25 November 2014 08:14
The following are the technical support and resistance levels for the major global equity benchmarks:
Zoopla sees annual profits surge, but warns of Agents' Mutual impact
Tue 25 November 2014 07:46
Zoopla increased annual operating profits by more than a third as the online property portal grew its audience to record levels, causing shares to rise on Tuesday.
Mitchells and Butlers starts 2015 strongly after results hit target
Tue 25 November 2014 07:41
Restaurants and pubs operator Mitchells & Butlers said a challenging market was to blame for its falling earnings and continuing lack of dividend, as underlying full year profits made a small gain on the previous year.
IG Group on track for record Q2 as client activity picks up
Tue 25 November 2014 07:33
UK-based CFDs and spreadbetting firm IG Group has experienced a pick-up in activity in recent months and said it is on track to report record quarterly revenues.
Tuesday tips round-up: Petrofac, Miners
Tue 25 November 2014 07:12
As an investment alternative Petrofac is fit for purpose, if you're a gambler of course. Yes, there is the decline in the oil price to contend with, but the root of the problem lies in its energy services division, which was supposed to be the engine for
B&Q owner Kingfisher sees Q3 sales drop on weak French market
Tue 25 November 2014 07:11
Like-for-like (LFL) trends worsened in the third quarter at B&Q and Screwfix owner Kingfisher as decent growth in the UK and Ireland was offset by falling sales in its largest market, France.
AO World revenues jump on strong H1 performance, profit hit by German expansion
Tue 25 November 2014 07:08
Half-year revenue jumped 25% at AO World thanks to a strong performance by own-brand website sales.
Severn Trent profits in line as Ofwat negotiations persist
Tue 25 November 2014 07:07
First half results from Severn Trent were broadly in line with expectations, though negotiations with regulator Ofwat about the upcoming price review will mean bringing forward extra capital expenditure into the second half.
Government to reprivatise East Coast trains with winning bid
Mon 24 November 2014 17:29
The Department for Transport will announce the official privatisation of the East Coast Mainline later this week by unveiling the winning bid.
Tuesday preview: US economic data in focus with GDP and consumer confidence
Mon 24 November 2014 15:45
The market will on Tuesday have its eye on US data, including gross domestic product (GDP) and consumer confidence, to monitor the health of the world's biggest economy.
Serco wins £70m home office contract
Mon 24 November 2014 15:16
The Home Office has awarded outsourcing group Serco a £70m contract to continue managing an immigration centre over the next eight years.
Ryanair partners with Booking.com
Mon 24 November 2014 15:11
Budget airline Ryanair announced a partnership with online hotel and accommodation website Booking.com.
Barclays hires two new RBS corporate bankers
Mon 24 November 2014 14:35
Barclays have appointed to corporate bankers from the Royal Bank of Scotland (RBS) to aid its expansion in Dubai, according to private sources.
Stryker said to be mulling a bid for Smith & Nephew, shares rise
Mon 24 November 2014 13:45
US medical technology outfit Stryker is laying the groundwork of another bid for British rival Smith & Nephew.
Mediazest jumps after officially launching Retail Analytics product
Mon 24 November 2014 13:06
Mediazest shares rocketed on Monday after launching its retail data gathering product, MediaZest Retail Analytics.
New Look completes sale of French business
Mon 24 November 2014 12:21
Fashion retailer New Look Group on Monday completed the sale of its French Mim subsidiary to Hong Kong-based Main Asia.
BT in talks with Telefonica to buy O2
Mon 24 November 2014 11:17
British telecoms giant BT has confirmed it is in talks with Spanish firm Telefonica to buy O2.
MoPowered shares hit by revenue warning after client wins disappoint
Mon 24 November 2014 10:49
Shares in Mopowered Group tumbled on Monday after the group warned its full-year revenues would be lower than market expectations of £1.6m due to fewer than anticipated client wins.
Derwent purchases Angel Square for £75m
Mon 24 November 2014 09:42
Real estate investment group Derwent London has reached an agreement to acquire the freehold of London's Angel Square for £75.03m.
Home Retail begins store closures, agrees sale of freehold store
Mon 24 November 2014 08:38
Home Retail Group-owned Homebase has said it expects to see a small sales reduction thanks to the sale of a freehold store and initiation of a previously announced store closure programme.
RBS apologises for misleading MPs
Mon 24 November 2014 08:25
Royal Bank of Scotland (RBS) has apologised for misleading a parliamentary committee over its treatment of small businesses.
LondonMetric agrees sale of Bishop Auckland Shopping Park
Mon 24 November 2014 08:20
LondonMetric Property has agreed the sale of Bishop Auckland Shopping Park to Standard Life Investments for £23.6m.
Salamander board to recommend £314m Ophir takeover
Mon 24 November 2014 08:01
Salamander Energy has officially reached an agreement on the terms of its takeover by Ophir Energy, which values the oil and gas explorer at £314m.
Friends Life suspends buyback after Aviva takeover offer
Mon 24 November 2014 07:31
Friends Life has suspended its share buyback after the insurer on Friday agreed to a £5.6bn takeover by larger rival Aviva.
Cranswick H1 revenues steady, debt shrinks
Mon 24 November 2014 07:12
Food supplier Cranswick said revenues were steady in the first half of 2014, as strong sales growth across most product categories offset a reduction in fresh pork sales.
Petrofac cuts profit outlook on weak oil prices, project timing
Mon 24 November 2014 07:07
Oilfield services group Petrofac has scaled back its profit assumptions for next year, saying that depressed oil prices and the timing of deliveries will result in a weaker bottom line.
Astrazeneca COPD treatment granted marketing authorisation in Europe
Mon 24 November 2014 07:06
Astrazeneca's Duaklir Genuair drug has been granted marketing authorisation by the European Commission for the treatment of adult patients with chronic obstructive pulmonary disease (COPD).
Four Seasons considers options as debt mounts and earnings fall
Sun 23 November 2014 17:42
UK care home group Four Seasons has appointed Blackstone Advisory Partners to assess its options amid reports the company's owner, Terra Firma, is looking at new avenues to tackle sliding earnings and mounting debts.
Savoy sales and profits drop nearly 3%
Sun 23 November 2014 17:05
The Savoy hotel in London saw sales and profits plummet last year by almost 3% to £58.5m.
Telecom group to launch attack on BT broadband 'monopoly'
Sun 23 November 2014 16:00
A group of telecom firms have reportedly banded together to denounce the market "monopoly" held by BT.
Gail's Artisan Bakery IPO plans delayed until next year
Sun 23 November 2014 15:42
The flotation of bakery group Gail's Artisan Bakery has been put off until next year.
Flotation of Yorkshire and Clydesdale banks planned for next year, reports claim
Sun 23 November 2014 15:32
National Australia Bank (NAB) could be planning to float its Yorkshire and Clydesdale banks in 2015 as it makes its exit from Britain "an absolute priority".
Galliard Homes forms JV with group of US businessmen
Sun 23 November 2014 15:05
A group of US businessmen has formed a joint venture with London developer Galliard Homes to build £1bn-worth of residential properties across the suburbs of the capital.
Six-month cooling-off period comes to an end for Astrazeneca and Smith & Nephew bidders
Sun 23 November 2014 14:28
This week will see the end of the six-month cooling-off periods that followed the takeover bids made for healthcare groups Astrazeneca and Smith & Nephew.
M&S frozen food supplier to downsize business
Sun 23 November 2014 14:11
Marks and Spencer ready-meal maker Kerry Foods is reportedly looking to offload its frozen food arm as it refocuses on boosting profitability through its ingredient sector.
SABMiller announces Brazil brewery deal
Sun 23 November 2014 14:11
FTSE 100 brewing firm SABMiller will compete with Anheuser-Busch InBev in the world's second-largest beer market Brazil after partnering with local brewer Grupo Petrolis, the Sunday Telegraph has reported.
|FTSE All Share||3,594.62||+0.03%|
|Paris CAC 40||4,382.34||+0.20%|
|International Consolidated Airlines Group SA||457.80||+4.81%|
|TUI Travel Plc||433.30||+3.78%|
|Intu Properties plc||357.60||+2.64%|
|Tullow Oil plc||464.90||-7.21%|
|BG Group plc||986.70||-5.98%|
|Weir Group plc||1960.00||-4.76%|
|Royal Dutch Shell Plc B Shares||2265.50||-4.27%|
Articles on the economy and stock markets
20 November 2014
Senior Economist Ben Brettell looks at recent developments in the global economy and the potential impact on the UK.
19 November 2014
Ben Brettell, Senior Economist, looks at the outlook for inflation and what it means for interest rates.
17 November 2014
Adam Laird looks at news affecting ETF investors last week, including a surprise contraction in the Japanese economy and the liberalisation of the Chinese stock market.