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|Day's range||0.6230 - 0.6230|
|52-week range||0.3272 - 3.8560|
|Beta (3Y monthly)||N/A|
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Barclays (LSE: BARC.L - news) has said it has set aside £150m to cover the impact of "anticipated economic uncertainty in the UK" as it reported a slight fall in annual profits. Barclays said pre-tax profits for 2018 fell 1% to £3.49bn as it counted the cost of past misconduct including a £1.4bn settlement with US authorities over the sale of toxic mortgage assets in the run-up to the financial crisis. Chief (Taiwan OTC: 3345.TWO - news) executive Jes Staley said: "2018 represented a very significant period for Barclays.
Shares (Berlin: DI6.BE - news) in British Gas owner Centrica (Frankfurt: A0DK6K - news) have fallen sharply after it warned 2019 financial performance would be hit by factors including the energy price cap. The FTSE 100-listed group was down 12% after it also revealed that it had shed 742,000 UK customer accounts last year in a "highly competitive" market. Centrica said profits at its UK home energy supply division were down by 19% to £466m for 2018, though the overall group's headline measure of adjusted operating profit was up 12% to £1.39bn.
Shares in British Gas parent Centrica (Frankfurt: A0DK6K - news) slumped to a 16-year low on Thursday after the group warned a national price cap on energy bills, a fall in nuclear output and lower volumes at its oil and gas division would hit its 2019 results. Centrica said a regulator-imposed cap on standard energy prices would lead to a 300 million pound ($392 million) hit to profits in 2019, including a one-off impact of about 70 million in the first quarter of 2019. Late last year Centrica, whose British Gas unit is Britain's largest energy supplier, said it would seek a judicial review of the way regulator Ofgem calculated part of the price cap, which was initially set around 6 percent lower than British Gas's standard variable tariff.
Shares (Berlin: DI6.BE - news) in Britain's Purplebricks (LSE: 139215.L - news) plunged as much as 40 percent on Thursday after the online estate agent cut revenue forecasts, saying it expected slower growth abroad, and as it announced senior management changes. The company said the chief executive for the British business, Lee Wainwright, and U.S. boss Eric Eckardt would leave. Purplebricks founder and CEO Michael Bruce would take on day-to-day management of the U.S. business, the company said.
Barclays (LSE: BARC.L - news) hit back at its activist shareholder critic by reporting rising annual income at its investment bank but sounded a note of caution with a 150 million pound provision against possible losses due to Brexit. Barclays shares rose 3.5 percent on Thursday as investors looked past an annual profit of 3.5 billion pounds ($4.56 billion) that came in below expectations, focusing instead on progress in its investment bank where profit increased 15 percent. Barclays Chief Executive Jes Staley is locked in a high-profile tussle over the bank's strategy with activist investor Edward Bramson, who believes the lender should ditch a costly plan to grow its investment bank and focus on other less risky parts of its business.
Leading British defence contractor BAE Systems (LSE: BA.L - news) said German moves to block exports to Saudi Arabia could damage its major deals with the country and weigh on its financial performance. BAE said it was reliant on the approval of export licences by a number of governments in order to continue supplies to Saudi Arabia.
South Africa's AMCU union plans to down tools at platinum miner Lonmin (Berlin: 30318982.BE - news) next week in support of colleagues at rival miner Sibanye-Stillwater striking over wages and job cuts, Lonmin (LSE: LMI.L - news) said on Thursday. Sibanye-Stillwater last week said that it could cut nearly 6,000 jobs at its gold mining operations, where AMCU has been on strike since mid-November over a wage dispute. "Lonmin can confirm that the company, on Wednesday 20 February 2019, received written notice of a secondary strike action from AMCU to take place at its operations in support of the protected strike action at Sibanye-Stillwater Gold operations," the company said in a statement.
Shares in British Gas owner Centrica have fallen sharply after it warned 2019 financial performance would be hit by factors including the energy price cap. Centrica said profits at its UK home energy supply division were down by 19% to £466m for 2018 though the overall group's headline measure of adjusted operating profit was up 12% to £1.39bn. Chief executive Iain Conn said: "Centrica's financial performance in 2018 was mixed against a challenging backdrop.
Playtech (Frankfurt: A1J0S4 - news) shares rose more than 15 percent after the gambling software developer said it would buy back shares worth 40 million euro ($45.34 million) and forecast core earnings to rise at least 15 percent for 2019. Playtech, which makes gambling software and content for casinos and sports betting, said it expects 2019 adjusted earnings before income, tax, depreciation and amortisation to be between 390 million euros to 415 million euros. The company posted adjusted core earnings of 343 million euros for the 12 months ended Dec (Shanghai: 600875.SS - news) .
A planned merger of Sainsbury's and Asda has been thrown into jeopardy after the competition watchdog identified "extensive" concerns. The Competition and Markets Authority (CMA) said the deal could lead to higher prices and lower quality and that it would be "difficult" for the companies to resolve them so that it can go ahead. The CMA said options for addressing its concerns included blocking the deal or forcing the companies to sell off "a significant number of stores and other assets" - potentially including one of the Sainsbury's or Asda brands.
Lloyds Banking Group has shrugged off Brexit concerns as it reported a 13% rise in annual profits - but warned of an uncertain short-term outlook for the UK. The lender also put aside a further £200m to deal with the ongoing issue of Payment Protection Issue (PPI) mis-selling claims. Its comments on Brexit, weeks ahead of a possible no-deal departure from the European Union, follow warnings from HSBC and Royal Bank of Scotland (LSE: RBS.L - news) .
A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. Shares (Berlin: DI6.BE - news) in the Swiss bank fell as much as 3.2 percent after the ruling on Wednesday.
British shopping centre operator Intu (Swiss: OXIGTU.SW - news) Properties scrapped its final dividend on Wednesday due to tough conditions in the retail sector, sending its shares down more than 12 percent. The owner of the Trafford Centre in Manchester, northern England, which had paid a final dividend of 9.4 pence per share last year, blamed persistent declines in sales from physical stores and a rash of company failures in the sector. It said retaining the dividend would allow it to continue to invest in its malls after a year in which its net rental income had fallen by around 1.9 percent and the value of its UK assets had shrunk 13.3 percent or 1.4 billion pounds ($1.8 billion).
A planned merger of Sainsbury (Amsterdam: SJ6.AS - news) 's and Asda has been thrown into jeopardy after the competition watchdog identified "extensive" concerns. The Competition and Markets Authority (CMA) said the deal could lead to higher prices and lower quality and that it would be "difficult" for the companies to resolve them so that it can go ahead. The CMA said options for addressing its concerns included blocking the deal or forcing the companies to sell off "a significant number of stores and other assets" - potentially including one of the Sainsbury's or Asda brands.
Shares (Berlin: DI6.BE - news) in Flybe Group Plc (LSE: FLYB.L - news) sky-rocketed after it said it had received an alternative financing proposal from a new consortium, challenging a Richard Branson-backed group that agreed to buy out the struggling British regional airliner. Flybe said the new preliminary financing proposal was from Bateleur Capital, Mesa Air Group Inc with support from Stobart Group former boss Andrew Tinkler. Flybe said on Wednesday that the proposal was "highly conditional" and it does not believe it could be workable in the time-frame required to enable Flybe to continue to trade.
Banking giant HSBC has reported tougher conditions in the UK in the run-up to Brexit as it revealed lower than expected annual results amid a cocktail of global uncertainties. The lender said it saw "some softening" in its British business in January with customers cautious given the "prolonged uncertainty" over the departure from the EU. It also pointed to a "challenging" global environment in the last quarter of 2018 amid US-China trade tensions.
HONG KONG/LONDON, Feb 19 (Reuters) - HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain. Its shares fell 3 percent and analysts cut their forecasts as HSBC reported a drop in fourth-quarter revenue amid tumbling stock markets that sapped customer's confidence in investing. At the end of his first year in charge, Chief Executive John Flint said HSBC may have to delay investment plans in order to avoid missing a key target known as 'positive jaws' - which tracks whether the bank is growing revenues faster than costs - for a second straight year.
Britain's main index opened lower on Tuesday, dragged down by disappointing results from blue-chip heavyweights HSBC and BHP, while mid-cap baker Greggs surged after guiding to higher full-year profit. ...
Norwegian Air will sell new shares at just a third of the current market price when the loss-making airline seeks to raise money from its owners in the next few weeks, it said on Monday. Norwegian Air said on Jan. 29 it planned to raise 3 billion Norwegian crowns ($348 million) in a share sale to bolster its finances, just days after British Airways owner IAG ruled out a bid for the budget airline.
Shares in Footasylum Plc soared on Monday after British retailer JD Sports Fashion Plc said it had acquired an 8.3 percent stake and could buy nearly 30 percent of its smaller rival. JD, which has used ...
Soft drink bottler Coca-Cola HBC said on Monday it would buy Serbian biscuit and confectionary maker Bambi for an enterprise value of 260 million euros ($294 million) from private equity investor Mid Europa Partners. The Swiss-based company, which bottles and sells Coca-Cola Co drinks in 28 countries, said Bambi had revenue of around 80 million euros in 2018, of which more than two thirds were earned in Serbia and the rest in the Western Balkans. It said the company had "strong" profitability and a margin on earnings before interest and taxation that was nearly three times higher that of Coca-Cola HBC.
Feb 18 - Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts ...
The owner of the Mr Kipling and Bisto gravy brands has abandoned its auction of Ambrosia amid continued uncertainties, including Brexit. Premier Foods (Frankfurt: A1JWNB - news) had announced in November that, as part of its efforts to concentrate on a core pool of foods, the custard-to-rice pudding name could be sold off. "The board has concluded that in the present business climate the process will not result in a satisfactory financial outcome.
Russia's biggest internet search engine Yandex said on Friday it expects its revenue, excluding Yandex.Market, to rise by between 28 and 32 percent this year. Yandex said its adjusted net profit rose 62 percent last year to 22.9 billion roubles ($343 million), while its adjusted revenue increased 41 percent to 126.4 billion roubles. Shares (Berlin: DI6.BE - news) in Yandex were up by about 1.4 percent after the results were published, with analysts at VTB Capital saying the company had performed strongly but could be hindered by uncertainties over its shareholder structure.
Royal Bank of Scotland (LSE: RBS.L - news) (RBS) says the Treasury will net almost £1bn in dividends after its annual profits more than doubled but warned Brexit risks hurting its financial recovery. While it did not raise its provision for Brexit-related costs above the £100m already announced last year, the bank's chief executive told Sky News it was starting to see a fall in demand for credit. RBS said its underlying performance allowed it to pay a special dividend on top of the ordinary award which, when measured against the Treasury's stake, meant £977m would return to the public purse.