MARKET REPORT
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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08:14
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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07:42
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
Fresnillo more than doubles profits, Babcock remains in line

London open The FTSE 100 is predicted to edge around eight points higher on Tuesday, according to pre-market trading.

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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
London pre-open: Stocks seen higher as investors eye Trump speech
London Stock Exchange AIM LSE shares

Stocks in London were set to open higher, taking their cue from a positive session on Wall Street where the Dow notched its 12th consecutive record close, as investors looked ahead to US President Donald Trump's address to Congress later in the day.

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07:06
Tuesday newspaper round-up: Budget, post-Brexit rules, PPI complaints
noticias

Solid economic growth and strong tax receipts since the Brexit vote have put Philip Hammond on course to announce a drop in government borrowing when he presents his spring budget next week, a leading thinktank has predicted. The Resolution Foundation said it would be the first time since March 2014 that a chancellor could stand at the dispatch box and announce borrowing will be lower – not higher – than previously thought. - Guardian.

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27 Feb
US close: Dow notches 12th consecutive record close
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US stocks shook off early losses to end higher, with the Dow notching up a record close for the 12th session in a row as President Trump teased investors with talk of a “big” announcement on infrastructure when he addresses Congress on Tuesday.

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27 Feb
FX round-up: Sterling ends mixed after second Scotland independence vote worries abate
money pound sterling magnifying glass

Sterling put in a mixed turn on key crosses Monday with this morning's weakness versus the US dollar recouped after worries about a second Scottish independence referendum stoked in the weekend press abated.

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27 Feb
Bonds: Risk appetite bounces back, Italian political risks eyed
italy italian flag

These were the movements in some of the most widely-followed 10-year sovereign bond yields:.

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27 Feb
Europe close: Italian stocks jump even as ruling party splits
lourde-defaite-electorale-pour-matteo-renzi

European stocks were higher on Monday, with Italian stocks leading the way, as investors reacted to promises of greater defence and infrastructure spending from the US president and apparently shrugged off news that the ruling party in Rome had split.

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27 Feb
Brexit fallout leaves BMW considering alternatives for Mini plant
mini john cooper works clubman

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
London close: FTSE ends higher as resources-led gains trump insurers' falls
sturgeon

Stocks in London ended Monday a little higher with gains among a resources-rich sweep of sectors beating falls in insurers and commercial property as the Tory rush to trigger Brexit hit another speed wobble in the form of Scottish indpendence.

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27 Feb
XRT machinery arrives at Premier African's RHA project
calculatrice-et-trombones-comptes-entrepreneurs-entreprises-argent-finances-tpe-pme-entreprenariat-finances-banques-startup-business-plan-argent

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
Sector movers: IMI, CRH pace gains on hopes for US economy
CRH, building, construction

Newsflow out of the States and expectations for greater economic growth on the other side of the Pond was the common denominator in Monday's session.

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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
Director dealings: Centamin chairman takes more profits

Centamin chairman Josef El-Raghy has sold another £13. 4m worth of shares in the Egyptain gold miner, topping off a month where he has sold a week around £49m worth of stock as the gold price remains elevated.

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27 Feb
SNP may seek new independence referendum
rencontre-entre-theresa-may-et-nicola-sturgeon

Reports that the Scottish Nationalist Party (SNP) could call for a second referendum on independence after Prime Minister Theresa May triggers Article 50, the two year clock on formal negotiations with the European Union, sent the pound tumbling on Monday morning.

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