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Market Report
16 May
Rhine Munster Express National Express
National Express Q1 boosted by solid US performance

Transport operator National Express reported 6. 2% growth in first-quarter revenue on Wednesday, with its North American business the standout performer.

16 May
sosandar
Sosandar monthly revenues hit record

AIM-quoted online women's fashion brand Sosandar expects full-year revenues to be "no less than" £1. 34m after like-for-like sales in the six months ended 31 March showed a 268% increase against the prior year.

16 May
oil portada
Hurricane launches early production system at Lancaster asset

Oil and gas company Hurricane Energy provided investors with an update on its early production system at the Lancaster Fields project on Wednesday.

16 May
Ceres Power lands collaboration agreement with Chinese giant Weichai

Fuel cell developer Ceres Power Holdings announced on Wednesday that it has entered into a strategic collaboration with leading Chinese automobile and equipment manufacturer Weichai Power.

16 May
European Central Bank, ECB, euro, eurozone, single currency
Eurozone inflation confirmed at 1.2% in April

Annual inflation in the eurozone slowed to 1. 2% in April from 1. 3% the month before, well below the European Central Bank's target of close to but under 2%, data from Eurostat confirmed on Wednesday.

16 May
moss brothers, moss, moss bros
Moss Bros trading improves, chairman to retire next year

Menswear specialist Moss Bros announced the retirement of its chairman on Wednesday as it reported an improvement in trading.

16 May
Speedy Hire, plant hire, construction, building equipment
Speedy Hire profit jumps nearly 60%, hikes dividend

Tools rental firm Speedy Hire posted a near-60% jump in full-year profit on Wednesday as it hiked its dividend and said it has kicked off the current year on a positive note.

16 May
Mitchells and Butlers loyalty card app Eagle Eye Solutions
Mitchells & Butlers earnings narrow as it spends on improvements and new sites

Mitchells & Butlers posted its half-year results for the 28 weeks to 14 April on Wednesday morning, reporting adjusted like-for-like sales growth of 1. 6%, and growth adjusted for the impact of snowy weather earlier in the year of 2. 5%.

16 May
crest nicholson house flats build
Crest Nicholson craters as flat house prices, rising costs hit margins

Housebuilder Crest Nicholson reported strong sales growth for the first half of the year but profit margins are being squeezed by the softer housing market, sending its shares to 16-month lows.

16 May
SSP profit up 40% in first half as air passenger numbers grow

Food and beverage outlets operator SSP posted a jump in first-half profit and revenue on Wednesday as it reaped the benefits of growing air passenger numbers, new contract openings across the world and its ongoing programme of operational improvements.

16 May
Brewin Dolphin profit rises as discretionary funds, net inflows grow

Wealth manager Brewin Dolphin posted a 20% jump in interim pre-tax profit on Wednesday as discretionary funds and net inflows grew.

16 May
london stock exchange paternoster
London open: Stocks edge up despite geopolitical concerns as Micro Focus, Burberry gain

London stocks edged higher in early trade on Wednesday, with solid updates from the likes of Micro Focus and Burberry and deal news for Paddy Power helping to offset geopolitical worries.

16 May
diageo tanqueray
Diageo launches $2bn bond transaction overnight

Diageo has launched and priced an SEC-registered $2bn bond transaction, it announced on Wednesday morning.

16 May
teddy sagi playtech
Playtech takes steps to protect Asia gaming arm

Playtech said business-to-business gaming revenues had mostly improved in recent months though it was having to take steps to protect its position in Asia as revenues were hit by strong competition.

16 May
micro focus
Micro Focus flags better-than-expected revenues in first half

Software group Micro Focus International updated the market on its trading performance for the six months ended 30 April on Wednesday, saying it expected to report revenues better than the management guidance of -9% to -12% on a constant currency basis, compared to the proforma six months ended 30 April 2017.

16 May
ep willy hernangomez new york knicks
Paddy Power confirms talks with FanDuel over US merger

Paddy Power Betfair confirmed it is in talks over a potential merger of its US business and US-based FanDuel to target the US sports betting market.

16 May
london stock exchange paternoster
London pre-open: Stocks seen muted after downbeat US session

London stocks were set for a muted open on Wednesday following a downbeat session in the US amid rising interest rate expectations, and as North Korea suspended talks with South Korea.

16 May
noticias
Wednesday newspaper round-up: Carillion, Amazon, Thomson Reuters

Carillion collapsed as a result of “recklessness, hubris and greed” among directors who put their own financial rewards ahead of all other concerns, according to an excoriating report into the firm’s demise that spreads the blame between board members, the government, accountants and regulators. The company, which managed huge construction projects and provided government services ranging from school meals to prison maintenance and NHS cleaning, slumped into insolvency in January.