|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||3.64 - 3.64|
|52-week range||3.64 - 6.09|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
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British outsourcing company Mitie Group (Other OTC: MITFF - news) said on Friday it expected annual costs associated with its turnaround programme to be higher than previously estimated and added that the year ahead would remain "challenging". Shares in Mitie fell as much as 8.3 percent to 147.9 pence on Friday, hitting their lowest level in nearly 13 years. Mitie, which took its property management unit off the market in December after putting it up for sale, said on a conference call with analysts that the unit had not performed as well as it had hoped.
Greece's Energean Oil & Gas listed on the London Stock Exchange (Other OTC: LDNXF - news) on Friday, raising $460 million to develop two Israeli offshore gas fields in the latest milestone for the rapidly expanding eastern Mediterranean energy sector. The firm offered 72.6 million new shares at 4.55 pounds ($6.35) apiece in the first flotation of an oil and gas producer on London's main market since Zenith Energy (Frankfurt: A1W453 - news) in January 2017, according to London Stock Exchange data. The funds, together with a credit facility signed earlier this month, will go towards the $1.6 billion development of its Israeli offshore gas fields Karish and Tanin, which have potential reserves of up to 2.4 trillion cubic feet of natural gas and 32.8 million barrels of light oil and condensate.
Deutsche Bank (IOB: 0H7D.IL - news) paid bonuses worth 2.3 billion euros ($2.83 billion) for 2017, four times higher than the previous year even as the German lender warned on costs for 2018 and reported a bigger 2017 loss than previously disclosed. Germany's flagship lender said on Friday that its top 12 managers would forego payouts for 2017 after the bank said it lost 735 million euros, the third annual loss in a row and more than the 497 million euros it had reported in February. The bank, which distributed 546 million euros in bonuses in 2016, also said its cost-cutting plans were hitting roadblocks, partly because of a delay in disposals.
British drinks wholesaler Conviviality (LSE: CVR.L - news) , which earlier this week revealed it had neglected to allow for a 30 million pounds ($42 million) tax bill in its cash flow forecast, said on Friday it was considering raising new equity. Conviviality is Britain's largest franchised off-licence and convenience chain. Its franchisees operate more than 700 stores trading under the Bargain Booze and Wine Rack brands.
Rihanna has slammed Snapchat for "intentionally" shaming victims of domestic violence. The social media company featured a post asking users if they would rather "slap Rihanna" or "punch Chris Brown". Shares (Berlin: DI6.BE - news) in Snap, the owner of Snapchat, fell nearly 4% after the singer's criticism - which comes after comments last month by Kylie Jenner about the app also put a dent in the stock.
Shares (Berlin: DI6.BE - news) in PZ Cussons (LSE: PZC.L - news) lost more than a quarter of their value early on Thursday morning after the company issued a profit warning. The consumer goods firm, which includes the Imperial Leather soap and Original Source shower gel brands in its stable, said it had failed to see a pick-up in sales in two key areas of operations since its last trading update. It said these were its Nigeria milk and UK soap businesses, adding that it had not been immune from the Brexit-linked challenges facing the retail sector .
** UK-based consumer products company PZ Cussons' shares down 22 pct, biggest ever one-day drop, after warns on full-year profit ** Cites weakness in the UK and Nigeria ** Co anticipates profit before ...
** Shares of British valve maker +4.5 pct after 2017 profit, revenue beat ** 2017 adj. PBT up 28.7 pct to 229.1 mln stg , beating analysts' average estimate of 219.5 mln stg, according to Thomson Reuters ...
Megafon said on Thursday it would not pay dividends in 2018 as it plans to increase capital spending to comply with a data storage law and continue its high-speed network roll-out, sending its shares down 7 percent. The company, Russia's second biggest mobile phone operator, also forecast its telecom service revenue would be flat or rise in the low single digits in percentage terms this year and core earnings would be broadly unchanged from 2017. Megafon plans to raise capex to 75-80 billion roubles ($1.3-$1.4 billion) this year from 56 billion roubles in 2017 to improve service quality, continue its network rollout, and fund obligations to meet the data storage law, it said in a statement.
Walt Disney Co said on Wednesday it had created a new unit for its streaming video and international businesses as the company retools its traditional media operation for a world rapidly embracing online video. Kevin Mayer, the company's chief strategy officer, was named chairman of the new division, which will oversee the upcoming ESPN+ digital offering and the launch of a family-oriented streaming service in late 2019, Disney said in a statement. The move, effective immediately, comes as Disney is in the process of purchasing film, TV and international businesses from Twenty-First Century Fox Inc.
A stronger euro took its toll on Spanish retailer Inditex (Amsterdam: IT6.AS - news) in its latest quarter, leading to lower profit margins at the owner of clothing chain Zara, while a cold snap dragged on sales of spring fashions at the start of its financial year. "Looking to the year ahead, we should not see a negative impact on margin at current exchange rates," Isla told a news conference in the company's headquarters in northern Spain. Inditex, the world's biggest fashion retailer by market value, is more affected by the strengthening euro than many European rivals because it sources a higher proportion of garments closer to home - rather than from, for example, Asian markets - allowing it to respond quickly to new trends.
Sportech (Frankfurt: ROEA.F - news) shares lost more than 50% of their value on Wednesday morning after the pool betting firm issued a profit warning and revealed it is no longer up for sale. It issued the grim update hours after Sky News reported that the company was to announce it had uncovered a series of accounting irregularities. Sportech warned it now anticipates underlying annual earnings for 2017 will fall below expectations to around £6.5m, and will include write downs of old stocks and bad debt.
Morrisons investors have taken flight despite annual results showing healthy sales and profit growth. Underlying pre-tax profits, which better reflect day-to-day trading, were up 9.5% with like-for-like sales excluding fuel growing by 2.8%. The likes of Tesco (Frankfurt: 852647 - news) , Sainsbury (Amsterdam: SJ6.AS - news) 's, Asda and Morrisons have been keeping a tighter lid on costs in a bid to compete better on price - absorbing some Brexit-linked price increases over the past year.
Morrisons has said it has now become "more competitive" as it announced annual results showing healthy sales and profit growth. Underlying pre-tax profits, which better reflect day-to-day trading, were up 9.5% with like-for-like sales excluding fuel growing by 2.8%. The likes of Tesco (Frankfurt: 852647 - news) , Sainsbury (Amsterdam: SJ6.AS - news) 's, Asda and Morrisons have been keeping a tighter lid on costs in a bid to compete better on price - absorbing some Brexit-linked price increases over the past year.
For a lot of people, the Prudential (SES: K6S.SI - news) is synonymous with the "Man (Swiss: MAN.SW - news) from the Pru (HKSE: 2378-OL.HK - news) ", the friendly door-to-door agent who, for almost 150 years, collected insurance premiums from millions of Britons. In Asia and the US, the Pru's customer numbers have almost doubled since 2006, while its assets under management have multiplied eight-fold and its operating profits six-fold. As a business, in that time, the Pru has become immensely more profitable and much more international.
Prudential is to spin off its British and European business from its international operations, breaking up the 170-year-old insurer to refocus on faster-growing markets in the sector's latest major shake-up. Prudential said it is splitting off savings and investment-focused M&G Prudential, which will be based in London, leaving Prudential plc focused on life insurance and asset management in the rapidly expanding markets of Asia and Africa as well as the United States, which is less tightly regulated than Europe.
Britain's Balfour Beatty (Other OTC: BAFBF - news) reported a tripling of annual profit on Wednesday and said the construction industry was returning to health after the high-profile collapse of Carillion (Frankfurt: 924047 - news) this year. The demise of Carillion came after construction companies took on major contracts at thin margins, leaving them nursing losses in the event of delays or problems. "Companies are starting to recover from what effectively was very low pricing in 2013 and 2014," Balfour Beatty Chief Executive Leo Quinn told Reuters.
In the face of a fresh protectionist move from the U.S. causing Asian shares to fall overnight, European stocks managed a slight gain on Wednesday thanks to strong results from Adidas and robust mining ...
Full year underlying profits at Ireland (Other OTC: IRLD - news) 's permanent tsb (PTSB) fell 65 percent year-on-year as the bank took a higher impairment charge ahead of a controversial sale of non-performing loans (NPLs). PTSB has come under particular pressure from European regulators to cut its high level of NPLs and said on Wednesday that they had fallen by 600 million euros to 5.3 billion, representing a slightly lower 26 percent of its total book. "I understand of course the view point of people who have either criticised us or have a different perspective," PTSB Chief Executive Jeremy Masding told the Newstalk radio station.
Wall Street's major indexes fell on Tuesday as uncertainty in Washington stemming from the dismissal of Secretary of State Rex Tillerson dragged down stocks across sectors. U.S. President Donald Trump ...
French Connection (LSE: FCCN.L - news) has reported its sixth consecutive year of annual losses but shares soared after it revealed takeover interest. The retailer disclosed unsolicited interest by a US company last year in its results but said it resulted in no firm offer being made after due diligence was completed. The company's chairman and chief executive, Stephen Marks, said the 12 months to 31 January had allowed him to enter the current year with "renewed confidence" despite the crisis gripping much of the high street.
The chief executive of Crossrail is to join BAE Systems (LSE: BA.L - news) later this year, returning the former British Army officer to the defence sector after an absence of more than three decades. Sky News has learnt that Andrew Wolstenholme will oversee the maritime and land divisions at the UK's biggest defence contractor, where he will have responsibility for the company's flagship submarine and naval ships programmes. Crossrail announced last week that Mr Wolstenholme was leaving to take up an undisclosed role in the private sector.
TP ICAP missed full-year earnings forecasts on Tuesday, sending shares in world's largest interdealer broker down sharply, and said it was making progress in its plans for business after Britain exits the European Union. Underlying pretax profit of 233 million pounds ($323.7 million) was up just £1 million in 2017 and well short of the 288.8 million expected by analysts, Thomson Reuters I/B/E/S data showed. Shares (Berlin: DI6.BE - news) in TP ICAP, which brings together buyers and sellers in financial, energy and commodities markets, were down 5.8 percent at 508.2 pence at 1042 GMT.
British fashion chain French Connection (LSE: FCCN.L - news) Group Plc said it was close to returning to profit and disclosed it had been approached by an unnamed U.S. group about a potential takeover although talks did not lead to an offer. Shares in French Connection, which operates 116 outlets in Europe and North America, rose as much as 18.7 percent to 40 pence in morning trading. "Our goal has been to return the group to profitability and I believe we are very close to achieving that aim, given the momentum that we are currently seeing within the business," Chief Executive Stephen Marks said.
French Connection (LSE: FCCN.L - news) has reported its sixth consecutive year of annual losses but said it had taken a "significant move forward" in its attempt to return to profitability. The company's chairman and chief executive, Stephen Marks, said the 12 months to 31 January had allowed him to enter the current year with "renewed confidence" despite the crisis gripping much of the high street. French Connection reported an underlying operating loss of £0.6m in its last financial year - an improvement on the £3.1m figure in 2016.