Rio Tinto settles with FCA over Mozambique impairment, faces US fraud claims
Wed 18 October 2017 07:26
(ShareCast News) - Rio Tinto was slapped with a £27.4m fine by the City watchdog for failings in its financial reporting process relating to the disastrous $3.7bn purchase of coal mining assets in Mozambique, an issue that US regulators have also now beg
Reckitt Benckiser cuts full year guidance, makes further pharma provision
Wed 18 October 2017 07:07
(ShareCast News) - After bearing the brunt of a "soft" third quarter Reckitt Benckiser has downgraded its full year guidance, with the Vanish-to-Durex maker confident that it can overcome the continued challenging market.
Treasury Committee advisers to scrutinise FCA report on RBS
Tue 17 October 2017 14:35
(ShareCast News) - One month after refusing to publish the skilled persons' report into the treatment of the Royal Bank of Scotland's Global Restructuring Group customers, the Financial Conduct Authority (FCA) agreed to allow the Treasury Committee to scr
Ryanair says Peter Bellew to return as chief operations officer
Tue 17 October 2017 14:25
(ShareCast News) - Budget airline Ryanair said on Tuesday that Peter Bellew will rejoin the group as chief operations officer.
Johnson and Johnson raises full year targets after strong third quarter
Tue 17 October 2017 12:59
(ShareCast News) - Healthcare giant Johnson and Johnson posted higher than expected profits for the three months to 30 September thanks to increased demand for its new cancer drugs and the additional revenue afforded to the group from its June acquisition
Morgan Stanley Q3 earnings beat estimates thanks to wealth management arm
Tue 17 October 2017 12:18
(ShareCast News) - Morgan Stanley posted a rise in third-quarter net income on Tuesday thanks to a solid performance from its wealth management business.
Wednesday preview: Rate hike may hang on wages report; Reckitt, Rathbone report
Tue 17 October 2017 12:08
(ShareCast News) - A first Bank of England rate hike since the financial crisis hangs on Wednesday's labour market report, while company news includes trading updates from Reckitt Beckiser and Rathbone Brothers.
Empiric Student Property sells Stirling freehold for £2m
Tue 17 October 2017 09:58
(ShareCast News) - Empiric Student Property has exchanged contracts to sell the freehold of the Forthside Way site in Stirling for £2m excluding costs.
Virgin Money performing in line as credit behaviour remains 'stable'
Tue 17 October 2017 09:05
(ShareCast News) - Virgin Money updated the market on its third quarter trading on Tuesday, reporting that profitability, earnings and underlying return on tangible equity were all in line with expectations.
CMA condition satisfied in IP Group offer for Touchstone
Tue 17 October 2017 08:57
(ShareCast News) - IP Group's offer for Touchstone Innovations was back on track on Tuesday morning, following a statement from the Competition and Markets Authority confirming that the competition watchdog had decided not to refer the merger to a Phase 2