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Game Digital revenues jump on increased sales of Nintendo Switch
High street retailer Game Digital saw gross retail sales rise across the whole group during its peak holiday trading period, with margins lower but expected to level off as increased cost savings are targeted.
UK economy could take £54bn hit by 2030 from 'no deal' Brexit, study claims
A no-deal Brexit could cost the UK £54bn and up to half a million jobs by 2030, according to an assessment commissioned by London Mayor Sadiq Khan.
John Lewis hails record Black Friday but warns over margin pressure
John Lewis said on Thursday that Black Friday 2017 was its most successful sales day in history, but the retailer also sounded a cautious note about the outlook and said trading was likely be “volatile”.
AO World revenues surge 17% with strong EU performance, more categories
Online electrical products retailer AO World reported much improved European sales and revenues from its UK business up 11. 4% over the last three months of the year in spite the "fiercely competitive" trading environment.
Hilton Food says trading in line, outlook positive
Specialist food packing business Hilton Food said on Thursday that its performance in the year to the end of December has been in line with the board’s expectations.
Premier Oil produces 75,000 barrels per day from North Sea
Exploration and production company Premier Oil saw production increase 5% last year after first oil from its Catcher area field development in the North Sea began on schedule and under budget.
Irish, Netherlands recoveries boost Grafton revenues
International builders merchant Grafton said 2017 revenue increased by 8. 8% to £2. 7bn and it expected to report full year earnings before interest, tax and amortisation slightly ahead of consensus forecasts.
GVC Holdings expects strong profits after record fourth quarter
Online gambling group GVC Holdings said profits would be at the top end of its expected range after a record level of net gaming revenue in the final quarter of 2017.
London open: Stocks flat as Tesco, M&S updates disappoint
London stocks were little changed in early trade on Thursday, with mixed Christmas trading updates from the likes of Tesco and Marks & Spencer disappointing analysts and investors.
Rathbone Bros reports strong growth in FUM
Wealth manager Rathbone Brothers reported "robust" growth in funds under management as total 2017 net inflows increased to £2. 1bn from £1. 7bn.
Higher US defence spending a boost for Ultra Electronics
Defence contractor Ultra Electronics on Thursday said it had “significant exposure” to a strengthening US defence budget, adding that it expected modest progress in underlying revenue and operating profit for 2018.
Tesco's festive sales fall shy of City forecasts
Tesco reported fairly strong sales growth in the run-up to and including Christmas, though still fell slightly short of City forecasts.
Hays Q2 net fees jump 13% on strong international performance
FTSE 250 recruiter Hays posted a jump in second-quarter net fees on Thursday on the back of growth in its international businesses.
Booker Q3 sales rise 3.4%; sees Tesco merger vote in Feb
Third quarter sales at UK food wholesaler Booker rose 3. 4%, with like-for-likes up 3. 8%, the company said on Thursday.
Marks & Spencer's disappointing food sales sour Christmas trading
Marks & Spencer reported disappointing sales over the festive period, with UK like-for-like sales down 1. 4%.
Bunzl in double buy, to sell French unit OPM
International distributor Bunzl on Thursday said it had bought two businesses in the US and the UK and was planning to sell one in France.
Tesco reports strong Christmas, M&S sales fall
London open The FTSE 100 was being called 13 points higher by City traders on Thursday, having closed the previous session at 7,748. 51.
Weir says effective tax rate to be around 25% after US reforms, effect on group broadly neutral
FTSE 250 engineer Weir said on Thursday that US tax reforms, which cut the corporate tax rate to 21% from 35%, are likely to give rise to an initial one-off non-cash tax credit in 2017 resulting from the revaluation of the group's aggregate US deferred tax assets and deferred tax liabilities.
Thursday newspaper round-up: BHS, Carillion, Deloitte
The former BHS owner Dominic Chappell has told a court that workers were seen shredding bin bags of documents prior to his purchase of Sir Philip Green’s doomed high street chain in 2015. Chappell, 51, said the staff tipped the bags into an “industrial-sized” shredder, which was located in a lorry or a van in the car park of the Arcadia-run BHS offices in London. – Guardian.
London pre-open: Stocks seen muted with retailers in focus again as M&S, Tesco update
London stocks were set for a muted open on Thursday following uninspiring sessions in the US and Asia, amid reports that China is thinking of halting its buying of US treasuries.