Headline News
DHL to join forces with Evri in UK
Germany’s DHL Group is to take a “significant” minority stake in British parcel delivery firm Evri, it was announced on Wednesday.
Market volatility helps TP Icap to 'best ever' quarter
TP Icap Group posted a surge in quarterly revenues Wednesday, as the City stalwart cashed in on recent market volatility.
Burberry shares jump on cost savings as 1,700 jobs to go
Shares in Burberry jumped on Wednesday as the troubled luxury brand swung to a full-year loss amid a slump in revenue and warned that 1,700 jobs could be at risk as part of its ongoing turnaround plan.
Vanquis swings back to black, shares spark
Shares in Vanquis Banking Group jumped on Wednesday, after the lender swung back into profit.
Experian reports strong full-year financial performance
Experian reported a strong financial performance for the year ended 31 March on Wednesday, with robust growth across all regions and continued strategic investment driving higher revenue and profit on a benchmark basis.
Watchdog to probe Aviva's £3.7bn takeover of Direct Line
The competition watchdog is to investigate Aviva’s planned £3. 7bn takeover of Direct Line Insurance Group, it confirmed on Wednesday.
Vistry confirms full-year outlook on buoyant demand
Vistry Group reiterated its full-year outlook on Wednesday, after the house builder saw an improvement in its sales rate.
Savills highlights slowdown in global transaction activity but Q1 in line
Savills said on Wednesday that it traded broadly in line with its expectations in the first quarter and for the year to date, although it cautioned there had been a slowdown in global transaction activity.
German inflation continues to ease
German inflation eased in April, official figures showed on Wednesday, after energy prices cooled.
Keller Group reports strong start to year
Keller Group said in an update on Wednesday that it has made a strong start to the year, with trading in line with full-year expectations as resilient infrastructure demand and improved operational performance continued to support momentum across key regions.
Great Portland Estates secures pre-let deal for 30 Duke Street
Great Portland Estates announced the securing of a significant pre-let agreement for its flagship development at 30 Duke Street, St James’s, SW1 on Wednesday, with global investment firm Clayton, Dubilier & Rice (CD&R) taking the entire 62,500 square feet of office space on a 15-year lease with no break options.
TUI shares fall on summer booking slowdown
Shares in TUI fell sharply on Wednesday after the German travel group reported a slowdown in summer bookings and a wider quarterly net loss, although it maintained its full-year guidance.
Imperial Brands maintains guidance as revenue, profits decline
Imperial Brands reported a decline in headline revenue on Wednesday, but posted improved earnings per share and maintained strong cash generation in its half-year results, supported by what it called resilient tobacco pricing and continued growth in next-generation products (NGPs).
Persimmon sells FibreNest to BUUK Infrastructure
Housebuilder Persimmon said on Wednesday that it was selling FibreNest - its full fibre broadband service - to BUUK Infrastructure in a £100m deal.
Microsoft to cut 3pc of its workforce - reports
Microsoft is laying off approximately 3% of its global workforce, it emerged on Tuedsay, amounting to around 6,000 roles, as part of a broad organisational restructuring aimed at streamlining operations and reducing layers of management.
Director dealings: Aston Martin insiders join placing, Pensana finance director sells
Aston Martin Lagonda saw significant director and related party participation in its latest equity placing, it emerged on Tuesday, with three parties acquiring shares on 9 May.
China to lift ban on Boeing deliveries - report
China has lifted its ban on Boeing deliveries, it was reported on Tuesday, as tensions between Washington and Beijing continued to ease.
German investor sentiment improves in May - ZEW
German investor sentiment improved more than expected in May, according to a survey released by the ZEW Center for European Economic Research in Mannheim.
Goldman cuts US recession odds after US-China trade deal
Following the US-China tariff deal announced on Monday, Goldman Sachs has lifted its S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than it previously expected.
On the Beach expecting another record year as H1 profit, revenue jump
On the Beach said on Tuesday that it was expecting another record year as it reported a jump in interim profit and revenue and said customer demand for its holidays "continues to buck wider UK consumer trends".