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Charter Court loan book up 28pc in first quarter
Charter Court Financial Services Group updated the market on its trading in the first quarter on Tuesday, claiming that it had maintained a “strong” balance sheet during the period, with its loan book up 28. 2% year-on-year to £5. 5bn.
UBM sees current trading in line with expectations
Events organiser UBM, which is being taken over by Informa, said current trading was in line with expectations despite a “challenging” fashion sector.
Bluebird Merchant returns 'encouraging results' from Kochang grab samples
Gold explorer Bluebird Merchant Ventures has seen "encouraging results" from its underground grab sampling at its Kochang project in South Korea.
Cairn Energy shareholders given positive development update at AGM
Investors in Cairn Energy were promised a 2018 year that would be “just as active” as 2017 on Tuesday, as they gathered for the company’s annual general meeting in Edinburgh.
CYBG interim profits increase less than forecast
CYBG, the owner of Clydesdale Bank and Yorkshire Bank that recently approached Virgin Money about a possible takeover, increased underlying profits in the first six months of its financial year but PPI misselling costs dragged it into losses.
Taylor Wimpey to bump up dividend payout, sets out five-year goals
Housebuilder Taylor Wimpey was on the rise on Tuesday after announcing plans to bump up its dividend payout as it set out its new goals for the next five years.
Landsec swings to basic loss as dividend increases
Land Securities issued its results for the year ended 31 March on Tuesday, reporting 1 6. 3% improvement in revenue profit to £406m, while its valuation deficit shrunk 0. 7% to £91m.
London open: Stocks and sterling steady ahead of jobs data
London stocks were steady in early trade on Tuesday as investors refrained from making any big bets either way ahead of key UK jobs data.
Spirax warns on strengthening pound; sees unchanged forecasts
Specialist engineering firm Spirax-Sarco warned that currency tailwinds could hit full year sales and profits if sterling stayed at current levels.
EasyJet losses narrow as revenue tops £2bn for first time
Losses at budget airline EasyJet narrowed in the first half as revenues surged nearly 20% to over £2bn for the first time, with the company benefiting from the collapse of Monarch and Air Berlin and troubles at Ryanair.
Ascential to sell exhibitions business to ITE Group
FTSE 250 specialist information company, Ascential, has agreed to sell its exhibitions business to ITE Group for £300m in cash.
Vodafone returns to profits as CEO Colao steps down
Alongside a solid set of annual results, Vodafone revealed that chief executive Vittorio Colao will step down in October after ten years in charge, to be replaced by chief financial officer Nick Read.
Hargreaves Lansdown assets under administration up 3.1%
Financial services group Hargreaves Lansdown reported a 3. 1% jump in assets under administration in the four months to 30 April.
Grainger in £63m deal to buy 261 home development
Residential landlord Grainger said it had conditionally agreed to buy a 261 home private rented sector, build-to-rent development in Milton Keynes from Peveril Securities for c. £63m.
Cressida Hogg appointed as next Landsec chairman
Landsec announced the appointment of Cressida Hogg as its non-executive chairman on Tuesday, with effect from completion of the company’s annual general meeting on 12 July.
DCC FY profits rise 26% on strong division perfromance
International marketing and support services group DCC said full year pre-tax profits rose 26. 6% to £316. 4m as revenues increased 16. 3% to £14. 2bn.
London pre-open: Stocks to drop ahead of key jobs data
London stocks were set to edge lower at the open on Tuesday as investors eyed a slew of key UK jobs data.
Tuesday newspaper round-up: RBS, Brexit impasse, East Coast rail, FirstGroup
Officials charged with managing the taxpayer’s stake in Royal Bank of Scotland have begun contacting City brokers to gauge interest in a potential share sale, only days after the lender agreed a provisional deal with American prosecutors over the sale of toxic mortgage-backed bonds. UK Government Investments began calling investment banks last week after RBS announced a $4. 9 billion settlement on Thursday that cleared what is widely regarded in the City to have been the last hurdle to the state restarting the sale of its 71 per cent holding.