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Share price fall as AA revises down earnings forecast

The AA says it is likely to deliver lower-than-expected annual earnings as it prioritises investments in the business that CEO Simon Breakwell insists are vita” to the company’s long-term success.

David Burrows

Metro Bank shares fall on cash call concerns

Shares in Metro Bank, the UK challenger bank, fell in early trade on Wednesday after rapid growth in loans last year ate into its capital ratio, raising concerns of a cash call on shareholders

Neil Dennis
First Group

First Group feels the impact of a harsh winter

Transport operator FirstGroup’s latest trading update since half-year results back in September, reveals reported group revenue up 0.7% year to date.

David Burrows

Record first-half profit for Barratt Developments

Barratt Developments, the UK house builder, reported on Wednesday that strong customer demand saw total completions rise by 2% in its first half, driving first half profit to a record high

Neil Dennis

Temenos seals £1.4bn Fidessa acquisition

As expected, Swiss banking software company Temenos has agreed with the board of Fidessa Group to buy the UK financial software specialist for around £1.4bn.

David Burrows

AM update: Lloyds profits up +24%, Barratt revenues climb +9.5%, Asian shares positive

The main earnings news this morning is Lloyds with a chunky +24% profits hike

Adrian Holliday

Lloyds announces £1bn share buyback after 2017 results

Lloyds Banking Group marked 2017 as the year it returned to full private ownership on Wednesday by treating its shareholders to a £1bn share buyback after announcing a 24% rise in full-year profit before tax

Neil Dennis

Accor surprises on the upside with improved profits

AccorHotels, has delivered a 10.1% rise in like-for-like operating profits for 2017, helped by cost controls and strong demand most of its’ key regions. The figures were above company guidance and broker forecasts.

David Burrows
Wall Street sign

US update: Street ends lower, retail pain on Walmart earnings miss, Treasury yields spike

Holiday hangover? On the first day of trading after US bank holiday, a deflated performance as the three major market indicators broke their six days of session gains closing lower on Tuesday.

Claire Hunte

Walmart shares plunge on disappointing results

Walmart shares were on course for their worst day of trading in over two years after the company reported disappointing results. Shares were down by 9.4% in New York trading.

James Hester
Walmat logo

PM update: RBS ‘secret’ report published, London and US shares slip, Walmart down heavily

A rash of big FTSE 100 names – HSBC, InterContinental Hotels Group and BHP Billiton – all saw big chunks taken out of their share price mid-afternoon

Adrian Holliday

Qualcomm ups offer for NXP Semiconductors

Chipmaker Qualcomm has upped the ante in its pursuit of NXP Semiconductors, raising its offer to $127.50 per share.

James Hester

Asda’s sales up but growth slows

Asda saw sales growth slow in the fourth quarter of 2017, with like-for-like sales increasing 0.5% compared with 1.1% the previous quarter.

Claire Veares

Rite Aid shares jump 26% on Albertsons tie-up

Shares in US pharmacy chain Rite Aid surged 26% in pre-market trading on Tuesday after the group revealed it had agreed a merger with privately-owned US grocery giant Albertsons.

James Hester

Domino’s Pizza shares recover after premarket dip

Shares in Domino’s Pizza have recovered after falling premarket when the chain announced fourth-quarter revenue below market expectations.

Claire Veares