Market Report
AmrytPharma signs European distribution deal for cholesterol drug
Biopharmaceutical company Amryt Pharma has further expanded the route-to-market for Lojuxta, having signed an exclusive distribution agreement across and Central and Eastern Europe with local outfit GryNumber Health.
London open: Stocks nudge up with retail in focus again; Sainsburys gains on update
London stocks rose in early trade on Wednesday, with retailers in focus again following updates from Sainsbury’s, Ted Baker and Superdry, but gains were small after the top-flight index closed at a record high in the previous session and as investors looked to some key data releases.
Sainsbury's ups profit target as Argos adds online cheer over Christmas
After a strong Christmas trading period in which online sales represented a fifth of total sales, Sainsbury's said full year profits are now likely to beat the current consensus forecast.
Senior finishes year on a high, expects one-off US tax benefit
Senior, the aerospace and defence engineer, said a good performance in November and December and a benefit from US tax changes will see earnings come in higher than expected.
LondonMetric pockets £5.8m from sale of B&Q warehouse in Hull
LondonMetric Property’s joint venture with Universities Superannuation Scheme, the Metric Income Plus Limited Partnership, has sold a B&Q warehouse in Hull for £11. 6m, reflecting a blended net initial yield of 6. 0%.
Marshalls posts rise in FY revenue, on track to meet 2017 expectations
Landscaping products supplier Marshalls reported a jump in full-year revenue on Wednesday as it expressed confidence in meeting its 2017 expectations.
Paddy Power Betfair appoints Dan Taylor as Europe CEO
Paddy Power Betfair has appointed Dan Taylor to the newly-created role of chief executive officer for Europe, and Barni Evans as CEO of its Australian operations, Sportsbet.
Sainsbury's lifts guidance, Taylor Wimpey in line
London open The FTSE 100 index was being called down four points after its record closing high of 7,731. 02 the previous day.
Ted Baker hails 'good' Christmas trading, retail sales up 9%
Fashion retailer Ted Baker hailed a “good” performance over the Christmas period on Wednesday as it said full-year results should be in line with its expectations.
London pre-open: Stocks seen touch weaker ahead of manufacturing data
London stocks were set for a slightly weaker open on Wednesday after the top-flight index closed at a record high in the previous session and as investors looked to some key data releases.
Wednesday newspaper round-up: World Bank, Brexit, Shell, Amazon
Financial markets are complacent about the risks of sharply higher interest rates that could be triggered by better than expected growth in the global economy this year, the World Bank has warned. The Washington-based organisation said that much of the rich west was running at full capacity as a result of a broad-based upswing in activity, but were now vulnerable to a period of rising inflation that would prompt action from central banks. – Guardian.