Sabre Insurance Group has announced its intention to launch an initial public offering on the London Stock Exchange.
The number of high street shops closing may be dropping to the lowest rate since 2010, but it still equates to 14 store closures a day.
John Laing, the international infrastructure investment company, latest trading statement, shows an underlying growth in portfolio value for the nine months to 30 September 2017 of 5.5% to £1,227.8m, on a rebased value of £1,163.8m.
China’s blue-chip index extended its rally boosted by Beijing’s move to lift foreign ownership limits on financial firms.
A clearer picture on the perceived slowdown of the UK’s property market will emerge next week when three of the biggest housebuilders report their latest figures.
Sterling consolidated losses today as uncertainty over the progress of negotiations for the UK’s departure from the EU continued to put pressure on the currency.
Plumbing supplier Ferguson has agreed to sell its Nordic building materials business to US private equity firm Lone Star Funds for £885m.
The Financial Conduct Authority (FCA) has told Capita Financial Managers (CFM) it must pay up to £66m to investors who suffered loss as a result of investing in the Guaranteed Low Risk Income Fund, Series 1 (or as it became later known, the Connaught Income Fund), which is now in liquidation.
Inmarsat, the mobile satellite communications services provider, has reported a 5% increase in third quarter revenues to $16.4m.
Low-cost, regional airline Flybe has reported half-year profits down almost a half (47%). The company said the slump in profits was down to higher-than-expected aircraft maintenance and IT costs.
German sportswear group Adidas has reported another strong quarter of sales and profit growth. The positive numbers have been driven by the company’s expansion in China and the US, where it has been taking market share from its major rival Nike.
German engineering group Siemens reported a worse-than-expected 10% drop in industrial profit for its fiscal fourth quarter as its large gas turbines unit struggled with price pressure and over capacity.
The board room power battle at Johnston Press, which owns the Scotsman and Yorkshire Post, has taken another twist. A demand from the company’s biggest investor for a shareholder vote on a boardroom shake-up has been rejected on the grounds that the paperwork submitted was “invalid”.
Ofgem, the electricity and gas regulator, has welcomed the announcement from Scottish and Southern Electricity Networks (SSEN), the electricity networks division of SSE plc, that it will make a voluntary contribution of £65.1m to consumers.
Social media company Snap’s third quarter report makes pretty grim reading. The company posted a net loss of $443.2m.