Latest News
Ashtead advances on the back of upbeat United Rentals update
Equipment rental company Ashtead was boosted on Thursday as from US peer United Rentals' third-quarter earnings came in stronger than forecast.
IWG warns on profits as market weakness continues
Flexible workspace provider IWG updated the market on its current trading on Thursday, reporting that the previously-anticipated sales improvement in the third quarter from the increase experienced in sales activity was weaker than expected, which resulted in a pause in the recovery of its mature business.
Rolet stepping down from LSE, reports solid third quarter
London Stock Exchange announced the departure of chief executive Xavier Rolet on Thursday, confirming he would leave the group by the end of December next year after nine years with the company.
Marshalls bolts on pre-cast concrete specialist CPM
Paving slabs and floor tiles maker Marshalls on Thursday agreed the bolt-on acquisition of pre-cast concrete manufacturer CPM Group for a total of £38. 3m cash.
China GDP grows at steady clip in Q3, but economists anticipate slowdown
China's economy continued expanding at a steady clip last quarter, although some economists believed tighter economic policy was set to weigh on the pace of expansion.
SEGRO sees solid rental growth in third quarter
Property investment and development company SEGRO updated the market on its trading for the period from 1 July to 18 October on Thursday, reporting that it contracted £8. 8m of new headline rent in the third quarter, including £3. 8m in rent from existing space.
Rank Group digital revenues on the rise
British gaming services firm Rank Group grew its revenue 2% over the 16 weeks leading to 15 October thanks to a significant increase in its digital revenue business.
Domino's Pizza Germany's gobbles up Hallo Pizza
Domino's Pizza Group has snapped up Germany's largest pizza chain Hallo Pizza into its local franchise joint venture.
Schroders nine-month AuM up 9%
Asset manager Schroders reported a jump in assets under management and administration in the first nine months of the year.
Rentokil Q3 revenue rises, full-year guidance unchanged
Rentokil reported a 13. 7% rise in third-quarter ongoing revenue on Thursday as the company’s pest control division performed well.
London pre-open: Stocks seen touch lower as investors eye Spain, EU summit
London stocks were set to open a little lower on Thursday despite new records in the US session, as investors keep a watchful eye on Spain and look ahead to the release of UK retail sales data and the first day of the EU summit.
Thursday newspaper round-up: Low pay, Lloyds, Bombardier, BP
Britain’s low pay culture traps people in poorly paid jobs and prevents them from escaping into full-time work with better pay, according to a major study by the government-backed body that tracks social mobility. Only one in six workers on low pay managed in the last 10 years to push themselves up the pay ladder and stay there, while most remained stuck in a cycle of part-time and insecure jobs. – Guardian.
US close: Dow clears 23,000 mark as IBM surges
Gains for Big Blue on the back of its latest quarterly numbers pushed the Dow clear of the 23,000 point mark on Wednesday, with investors very much focused on the steady stream of corporate results coming out.
US crude oil stockpiles and refinery activity decrease, says DoE
US crude oil stockpiles continued to drop even as refinery activity slowed, amid a substantial reduction in domestic oil output.