Ferrexpo profit drops amid Ukraine war and global iron price decline

Ferrexpo PLC on Wednesday reported sharp drops in interim profit and revenue, due to substantially lower iron ore pellet production and lower prices.

Ferrexpo is...

Wed, 02/08/2023 - 09:12


Ibstock half-year profit declines in ‘subdued market environment’

Ibstock PLC said its half-year performance showed ‘resilience in a subdued market environment’, with half-year revenue and profit down but performing in line with expectations....

Wed, 02/08/2023 - 09:09


LONDON BROKER RATINGS: Barclays, Bernstein, Stifel cut Diageo PT

The following London-listed shares received analyst recommendations Wednesday morning:

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FTSE 100

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Berenberg raises HSBC price target to 820 (780) pence - ’buy’

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Berenberg raises Rightmove price target to...

Wed, 02/08/2023 - 09:07


LONDON MARKET OPEN: Stocks slide after US debt rating downgrade

Stocks in London fell at Wednesday’s market open, as risk sentiment across the globe took a knock after Fitch downgraded the US debt rating.

The...

Wed, 02/08/2023 - 09:01


TOP NEWS: Coca-Cola Europacific set to buy bottler in Philippines

Coca-Cola Europacific Partners PLC has tentatively agreed to buy a soft drinks bottler in the Philippines, together with a local partner, from US brand owner...

Wed, 02/08/2023 - 08:56


Merger of Rathbones and Investec UK wealth arm gets regulatory okay

Investec PLC and Ltd, and Rathbones Group PLC said on Wednesday an all-share merger of Rathbones with Investec’s Investec Wealth & Investment Ltd had received...

Wed, 02/08/2023 - 08:47


TOP NEWS: ConvaTec increases full-year guidance; interim profit surges

ConvaTec Group PLC on Wednesday increased its full-year guidance on the back of a boost in profit and a revenue rise in the first half....

Wed, 02/08/2023 - 08:43


TOP NEWS: Endeavour Mining profit declines further in second quarter

Endeavour Mining PLC on Wednesday reported a profit and revenue deterioration in the second quarter, but backed its full-year operational guidance.

The gold miner, with...

Wed, 02/08/2023 - 08:35


IN BRIEF: Former Embraer CEO appointed as Rolls-Royce director

Rolls-Royce Holdings PLC - London-based jet engine and power plant manufacturer - Appoints Paulo Cesar de Souza e Silva as a non-executive director from September...

Wed, 02/08/2023 - 08:24


TOP NEWS: Haleon boosts annual guidance after solid first half

Haleon PLC on Wednesday upped its annual organic revenue growth guidance following a solid revenue performance in the first half of 2023.

Haleon is a...

Wed, 02/08/2023 - 08:23


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