Full List Of Stories
Thursday preview: Burberry, Royal Mail, 3i, Hargreaves Lansdown
Thursday will be a busy day for company results, led by the likes of Burberry, Royal Mail, 3i and Hargreaves Lansdown.
Spinnaker cash shell floats with bulging board to target energy sector
Cash shell Spinnaker Opportunities has floated on the full list of the London Stock Exchange with a £1. 2m fundraising to help it find opportunity in the energy and industrial sectors.
UK wage growth slows to increase squeeze on consumers
Although the UK unemployment rate fell to its lowest since 1975, weekly wage growth slowed to heap further pressure on consumers already battling with rising inflation.
BHP boss to meet Elliott activists after revised attack
BHP Billiton boss Andrew Mackenzie has agreed to meet his tormentors at Elliott Advisers after the US activist investor ramped up its criticism of the mining giant's "do-nothing approach”, which some analysts felt was not totally justified.
Playtech reports strong start and M&A pipeline
Despite a hiccup over the launch of a bingo partnership, Playtech said it has enjoyed a "strong performance" so far 2017 and was engaged in "active discussions" over a range of potential acquisitions.
Hargreaves sell-off on Vanguard launch is 'over-reaction'
After Hargreaves Lansdown's shares were hit by worries over a price war in the funds market due Vanguard's launch of a low cost product, analysts at Shore Capital said this was a big over-reaction.
HSBC downgrades Dunelm, Halfords over 'toxic' squeeze on consumer spend
With the retail sector's risk profile increasing as the UK discretionary consumer outlook deteriorates, HSBC downgraded and cut the target prices Dunelm and Halfords, but upgraded Kingfisher to 'buy' due to its transformation plans.
British Land NAV way ahead of forecasts after strong letting performance
British Land reported a stronger year-end net asset value than the market was expecting but despite its confident talk of generating better returns, investors got the wobbles over its talk of "uncertainty" and the reining back of speculative developments.
Lloyds returned to private hands as government sells stake
The government has sold off its last few shares in Lloyds Banking Group, meaning the bank has been fully returned to private ownership.
Workspace sells London offices at net initial yield of 3.1pc
Serviced office provider Workspace Group has sold one of its outer London business parks for a 75% premium to its book value.
Countryside lifts profit expectations as social housing momentum builds
Countryside Properties expects full year profits to be ahead of market forecasts after a strong performance from its partnerships division and a refocus on the middle of the private housing market, with the average selling price for its houses falling 13% but group earnings more the doubling.