COMPANY NEWS
08:27
St James's Place hikes dividend as NAV swells
st james

Wealth management group St James’s Place hiked its total dividend 18% as it reported a strong rise in net asset value for 2016, while chief executive David Bellamy is set to retire at the end of the year.

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08:15
Provident Financial FY profits jump 25%; warns on Brexit negatives
money pound cash

Non-standard lender Provident Financial said full year pre-tax profit jumped a hefty 25. 7% to £343. 9m, as it warned that any negative outcomes from Brexit could have a “significant impact on the group” this year.

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08:14
Meggitt lifts dividend despite drop in full-year profit
Embraer Phenom 100 jet, aircraft, aerospace, air travel, Meggitt, Brazil

FTSE 250 engineer Meggitt reported a drop in full-year pre-tax profit on Tuesday as it highlighted a difficult oil and gas market, but the group lifted its dividend.

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08:01
Go-Ahead lowers FY expectations on GTR challenges
Go-Ahead, trans, buses, rail, transport, travel

Transport operator Go-Ahead, which owns 65% of the Southern franchise through Govia Thameslink Railway (GTR), reported a drop in first-half pre-tax profit as operating profit from the rail division slumped due to strike action, and the company lowered its full-year expectations for the bus and rail divisions.

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07:49
Fresnillo more than doubles profits after record gold, silver production
Fresnillo mining 285

Miner Fresnillo gave an upbeat outlook for this year after more than doubling its profits in 2016 as revenues surged due to record gold and silver production, high precious metals prices and the devaluation of the Mexican peso against the dollar.

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07:44
British Land confirms in advanced talks on sale of Leadenhall Building
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British Land confirms that it and its joint venture partner, Oxford Properties, are in advanced discussions regarding the possible sale of their interests in The Leadenhall Building.

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07:42
Taylor Wimpey builds on bumper dividend with 'very strong' start to 2017
Taylor Wimpey housing

As it posted largely pre-announced annual results, Taylor Wimpey said it had made a "very good" start to 2017 and suggested the UK housing market will remain supportive for its bump dividend programme for some time.

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07:40
GKN full-year profit up 12% as sales rise
gkn, engineer

FTSE 100 engineer GKN posted a 12% jump in full-year pre-tax profit as sales rose and the company expressed confidence over its prospects for 2017.

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07:32
Croda full year profits lifted by weak pound
croda, chemicals

The weak pound helped boost full year pre-tax profits st specialty chemicals firm Croda to £288m from £275m.

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07:15
Babcock trading in line; sees strong order book
Babcock International, BAE Systems, submarine, defence

Engineering services company Babcock said it had traded in line with expectations and the outlook for the full year remained unchanged.

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27 Feb
Brexit fallout leaves BMW considering alternatives for Mini plant
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Britain's decision to leave the European Union is a factor in BMW's doubts over whether to make electrically-powered Minis in its Oxford factory.

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27 Feb
XRT machinery arrives at Premier African's RHA project
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Southern and western Africa-focussed multi-commodity resource and development company Premier African Minerals announced that the x-ray transmission (XRT) had arrived on site at RHA and was currently being assembled and integrated on Monday.

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27 Feb
Verona Pharma narrows loss as it strengthens structure
Money coins pound

Clinical-stage biopharmaceutical company Verona Pharma announced its audited results for the year to 31 December on Monday, a period in which it raised gross proceeds of £44. 7m from a placing of 1. 56bn units at a price of 2. 873p per unit, with each unit comprising one new ordinary share and one warrant to purchase 0. 4 of an ordinary share.

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27 Feb
Trump to push for huge increase in US military spending, defence stocks spike

US President Donald Trump plans to push ahead with a budget that includes a £54bn, or 9%, rise in spending on armed forces, with an equivalent cut for spending on domestic agencies.

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27 Feb
Galantas raises CAD 2.5m in two-part placing
edgar test 10

Galantas Gold Corporation, the gold producer and explorer with a 100% interest in Northern Ireland's Omagh gold mine, announced on Monday that the private placement to the gross value of CAD 2,446,299, in line with the terms and proposed placing price previously outlined on 18 January, was anticipated to close in two parts.

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27 Feb
Tuesday preview: Taylor Wimpey, GKN, Fresnillo among companies reporting
Taylor Wimpey housing 285

Results season digs in on Tuesday with the likes of Taylor Wimpey, GKN, and Fresnillo, and with only second-line economic data prints on the day, companies should get most of the attention.

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27 Feb
Botswana Diamonds raises £525,000 to fund exploration programmes
Diamonds

AIM-listed miner Botswana Diamonds has raised £525,000 in order to fund drilling and exploration work at its South Africa and Botswana sites.

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27 Feb
Mereo widens operating loss as drug development continues
Astrazeneca

Clinical stage, UK-based, biopharmaceutical company focused on rare and specialty diseases, Mereo BioPharma Group, announced its audited preliminary results for the year to 31 December on Monday - a year in which it was admitted to the AIM market on 9 June.

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27 Feb
GlobalData sees record reported and deferred revenues
libra pound 150

GlobalData posted its results for the 2016 calendar year on Monday, with group revenue increasing by 65% to £100. 0m and deferred revenue improving by 57% to £46. 1m year-on-year.

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27 Feb
Monday broker round-up

Rightmove: Morgan Stanley downgrades to Equal Weight with a target price of 4400p.

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