Shares in Smiths Group shed 5% this morning after the engineer disappointed sales expectations. Revenues rose 11% over the year ended July 2017 to £3.28bn, though were behind analysts´ forecasts of £3.30bn.
Ireland-based CRH plc, the international building materials group, has this morning reported that it has reached an agreement to acquire Ash Grove Cement Company. Total consideration is US$3.5bn
There is a tendency to associate Ryanair with Teflon – nothing sticks. The no frills airline has come under fire frequently over the years for poor customer service yet always seems to ride the storm.
Competition in the global security sector intensifies as Northrop Grumman announced the acquisition of Orbital ATK, an aerospace and defense technology company in a $9.2bn deal.
Inflation in the euro area rose to 1.5% in August, up from 1.3% in July, according to the latest figures released today by Eurostat. The latest figure compares with just 0.2% in August 2016
Paris-based Chinese-owned luxury goods group SMCP has this morning confirmed that it plans to list on the French stock exchange, Euronext Paris.
UK asking prices are heading down mainly due to weakness in the capital, according to the latest figures from Rightmove.
Supermarket giant Morrisons has reported post-tax profits of £135m for the first six months of its fiscal year ending 30 July 2017. This represents an increase of £17m on the corresponding period a year earlier.