G4S share price jumps after revealing positive results and being buoyed by Trump administration prospects March 8, 2017 G4S shares flew this morning after posting revenue growth, revealing a strong pipeline and making progress against a company overhaul initiated three years ago. The group's chief executive also made upbeat comments about US President Donald Trump's economic plans, saying "what's good for our customers is good for us". [stockChart code="GFS" date="2017-03-08 08:37"] The figures [...]
Saudi Aramco is set to pay Shell $2.2bn to finalise the break up of a US joint venture March 7, 2017 Saudi Aramco will pay Shell $2.2bn (£1.8bn) to finalise the split of a refining joint venture between the two firms. After the split, the Saudi oil giant's refining unit will wholly own Motiva Enterprises as well as the Port Arthur, Texas refinery – the largest in the US, which produces 600,000 barrels per day – and 24 distribution [...]
Ashtead future boosted by infrastructure expansion and hopes of interest rate hikes in the US March 7, 2017 Equipment rental firm Ashtead's share price fell over two per cent today, despite hopes of it being boosted Donald Trump's proposed infrastructure expansion. The figures Underlying rental revenue in the first nine months of the firm's financial year grew by 13 per cent to £2.2bn with earnings similarly growing from £869m to £1.1bn. Operating profit was [...]
Brexit schmexit: Aldermore reports profit boost despite EU vote uncertainty March 2, 2017 Challenger bank Aldermore has reported a 34 per cent jump in profits, thanks to higher mortgages and loan demand from homeowners and businesses. Phillip Monks, the bank's CEO, said Aldermore hasn't seen "any tail-off in demand post-Brexit". “To date it’s been business as usual: we have seen no direct impact on either the lending or deposit side [...]
Jupiter’s share price falls despite dividend boost as earnings come in below expectations February 24, 2017 Jupiter Fund Management’s share price dropped four per cent this morning after the FTSE 250 firm reported earnings below expectations. The figures The asset manager reported net inflows of £1bn in its full-year results for 2016, down from £1.9bn in 2015. Total assets under management, buoyed by the performance of stock markets, rose from £35.7bn [...]
Aberdeen Asset Management shares tumble on 15th consecutive quarter of outflows February 2, 2017 Aberdeen Asset Management’s shares fell five per cent on Thursday morning after the FTSE 250 firm reported outflows as investors were spooked by the US presidential election. The figures The company reported assets under management of £302.7bn at 31 December, down three per cent from £312.1bn on 30 September last year. Net outflows of £10.5bn were only [...]
Rio Tinto agrees to sell its Australian Coal & Allied unit to China’s Yancoal for $2.45bn January 24, 2017 Rio Tinto today agreed to sell its Australian Coal & Allied Industries subsidiary to China's Yancoal Australia for up to $2.45bn (£1.96bn). Rio's London-listed shares rose more than four per cent in early trading after it announced it was offloading its thermal coal business in New South Wales. “This sale delivers outstanding value for our shareholders and is [...]
Mitie share price nosedives after it warns on profits again January 18, 2017 Mitie Group's share price plunged 16 per cent at the open after the company issued another profit warning. The stock recovered somewhat but was still down 9.3 per cent at pixel time. The outsourcing firm said it would incur a £14m one-off charge for the year to 31 March, the company's third profit warning since September last [...]
British American Tobacco shares fall three per cent after announcing $49bn Reynolds takeover deal January 17, 2017 British American Tobacco's (BAT) share price tumbled four per cent on Tuesday afternoon after it announced a deal to take over US competitor Reynolds. After months of talks between the two firms, BAT has agreed to pay around $49.4bn (£40.8bn) for the 57.8 per cent of Reynolds that it does not already own. Its shares jumped [...]
H&M’s share price falls after sales figures disappoint January 16, 2017 Swedish international clothing retailer H&M's share price fell 2.76 per cent in trading today after it reported disappointing Christmas sales figures. The group's total sales in December rose six per cent year-on-year in local currencies, but analysts had forecast a sales increase of eight per cent. Read more: Bow down, John Lewis – H&M drops a Christmas [...]