News

Ferrexpo swings to loss as production falls on VAT refund suspension
The Ukrainian tax authorities in March decided to suspend refunds of VAT at its two main operating subsidiaries, Ferrexpo Poltava Mining and Ferrexpo Yeristovo Mining. This resulted in lower liquidity ...
CLS agrees ten-year letting deal at Office Connect property in Cologne
Office Connect, at Von-der-Wettern-Strasse 27, was bought by CLS in 2018 and has since been refurbished and repositioned. Comprised of 13,000 square metres in total, it offers "adaptable" space and ...
Tullow Oil shares sink on swing to interim loss as output falls
Working interest oil and gas production in the first half slipped 22% to 50,000 barrels of oil equivalent per day from 63,700 boepd, while the realised oil price after hedging was USD69.00 per barrel, ...
UK PM defends handling of economy but declines to rule out tax hikes
It comes after experts said weaker-than-expected recent economic activity, U-turns on welfare cuts and forecast-beating borrowing mean Reeves is on track to miss one of her fiscal rules by GBP41.2 ...
Ibstock eyes market recovery and maintains dividend as profit falls
(Alliance News) - Ibstock PLC on Wednesday maintained its dividend and guidance as pretax profit fell due to cost inflation, despite higher revenue. The Leicestershire, England-based building products ...
SMALL-CAP WINNERS & LOSERS: Videndum loss widens on tariff uncertainty
The Baar, Switzerland-based iron ore producer in Ukraine swings to a pretax loss of USD186.9 million in the six months to June 30 from a USD75.7 million profit the year before, as revenue declines 17% ...
LONDON BRIEFING: Glencore loss widens; TP ICAP touts record revenue
In early corporate news, Glencore reports a widened interim loss, while TP ICAP reports "record" revenue for its first half. Here is what you need to know before the London market open: FTSE 100: ...
Glencore interim loss worsens amid mounting costs and low coal prices
(Alliance News) - Glencore PLC on Wednesday revealed a wider interim loss, as the miner and commodities trader battled against rising costs, while grappling with weaker coal prices and lower copper ...
London pre-open: Stocks set for more gains; Glencore, L&G in focus
(Sharecast News) - London stocks were set for more gains on Wednesday as investors braced for another slew of earnings. The FTSE 100 was called to open around 50 points higher, having closed up 0.2% ...
Genel Energy expects to mitigate impact of drone attack as loss slims
Genel said it expects the impact on cash of damage caused and loss production to be mitigated by "judicious cost control and insurance cover". Shares in Genel Energy closed up 2.7% at 61.00 pence in ...
CORRECT: LONDON MARKET CLOSE: BP fuels FTSE but US data tempers gains
The Cboe UK 100 ended up 0.1% at 913.38, the Cboe UK 250 rose 0.2% to 19,267.71, and the Cboe Small Companies closed down 0.1% at 17,322.85. Well received earnings provided a lift in London with index ...