Market News

RBC Capital Markets starts ZPG at 'outperform'

20/11/2017 10:22

(ShareCast News) - RBC Capital Markets initiated coverage of ZPG at 'outperform' with a 410p price target, saying the company has superior growth to its internet classified peers and yet trades at a discount.

Glencore appoints CFO to Katanga board after internal review

20/11/2017 10:02

(ShareCast News) - Glencore said on Monday that it has nominated three new directors to the board of copper producer Katanga following the completion of an internal review of the group's accounting practices and the restatement of its financial statements.

MXC and Liberty Global to build IT services provider

20/11/2017 08:47

(ShareCast News) - Technology-focussed merchant bank MXC has inked a joint venture agreement with a subsidiary of Liberty Global to build an IT services provider focused on small and medium sized business customers in the UK.

William Hill canters through third quarter

20/11/2017 08:31

(ShareCast News) - Bookmaker William Hill lifted net revenues 4% in the third quarter, with growth speeding from the first half of the year thanks to the McGregor-Mayweather fight.

Wood Group inks operating partnership with Ancala for North Sea pipeline

20/11/2017 08:28

(ShareCast News) - Energy services firm John Wood Group began operations on a multi-million dollar contract on Monday that would see it act as the operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline.

Mediclinic withdraws as Spire Healthcare rejects renewed offer

20/11/2017 08:24

(ShareCast News) - Mediclinic International has walked away from talks to take over Spire Healthcare after the UK-focused hospital operator rejected a renewed offer.

Merkel under pressure as German coalition talks collapse

20/11/2017 08:15

(ShareCast News) - Negotiations to form a German government have collapsed after the withdrawal of the liberal FDP party from three-party coalition talks.

London open: Stocks in the red as attention turns to Germany

20/11/2017 08:04

(ShareCast News) - London stocks fell in early trade on Monday, with sentiment undermined by developments in Germany.

Nex profit drops amid challenging market conditions, more cost savings identified

20/11/2017 07:53

(ShareCast News) - Financial technology company Nex Group posted a drop in first-half profit on Monday amid challenging market conditions.

London pre-open: Stocks seen slightly lower; Budget in focus

20/11/2017 07:38

(ShareCast News) - London stocks were set for a slightly weaker open on Monday following an uninspiring session in Asia, as investors looked ahead to the Budget this week.

Mitie first-half profit drops despite revenue rise

20/11/2017 07:20

(ShareCast News) - FTSE 250 outsourcer Mitie posted a drop in profit for the first half on Monday despite a rise in revenue, as it continues to invest in its cost-saving programme.

Wizz Air to significantly expand Luton base

20/11/2017 07:17

(ShareCast News) - Eastern Europe-focussed low cost airline Wizz Air announced a massive expansion at its Luton base on Monday, with the addition of four Airbus A320 aircraft to its Luton fleet by June 2018.

Tritax Big Box adds three large properties

20/11/2017 07:16

(ShareCast News) - Tritax Big Box announced on Monday that it has exchanged contracts to acquire three properties in Harlow, Worksop and Carlisle Lake District Airport on Monday.

Centrica drops standard variable tariff and calls for industry-wide changes

20/11/2017 07:07

(ShareCast News) - British Gas owner Centrica will replace its standard variable tariff with new fixed-term tariffs as it called on the government, energy regulator and industry to make several to "create a market that works for everyone".

Monday newspaper round-up: Brexit offer, retail spending, aerospace warning

20/11/2017 07:04

(ShareCast News) - Ministers are expected to sign off an improved financial offer to the European Union today that Downing Street hopes will unblock the Brexit negotiations. Theresa May will lay out her plans at a meeting of cabinet ministers, including the Leave supporters Boris Johnson, Michael Go...

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