|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||24.65 - 25.03|
|52-week range||22.00 - 29.00|
|PE ratio (TTM)||61.88|
|Forward dividend & yield||0.00 (1.09%)|
|1y target est||N/A|
A FTSE-250 manufacturer will this week pay the price for its loyalty to a former Carillion (Frankfurt: 924047 - news) director with its inclusion on a City roll-call of companies which have sparked corporate governance rows with investors. Sky News understands that Victrex (LSE: VCT.L - news) will be added to the Investment Association's (IA) new public register on Tuesday, days after withdrawing a resolution seeking the re-election of Andrew Dougal to its board. Victrex announced last week that Mr Dougal, who chaired Carillion's audit committee for six years prior to its collapse into liquidation, had resigned from the polymer manufacturer's board three days before its annual shareholder meeting.
World shares climbed half a percent on Monday, attempting to brush off fresh rises in global bond yields while equity futures also pointed to a firmer session on Wall Street which suffered its worst week in two years. A higher Friday close for New York stocks following a week of "vol" induced selling, lifted markets in Asia and Europe, helping MSCI (Frankfurt: 3HM.F - news) 's all-country index rise off four-month lows , while European shares firmed 1.4 percent after touching six-month troughs last week.
MELBOURNE/CAPE TOWN, Feb 7 (Reuters) - Rio Tinto (Hanover: CRA1.HA - news) handed out a record dividend on Wednesday and predicted global manufacturing growth would drive further returns after stronger commodity prices helped the miner to its highest annual profit in three years. All the big miners have recovered from the commodity crash of 2015-16, but Rio Tinto has emerged with the strongest balance sheet and a pile of cash, raising the question of what it can do to grow when the most obvious resources have been mined. Its full-year dividend of $2.90 a share - equal to about $5.2 billion - was up 70 percent from last year and reflected higher prices for iron ore, aluminium, copper and coking coal.
US stock markets clawed back some losses in a volatile session on Tuesday following a violent correction in values that has hit financial markets across the world. The FTSE 100 opened 3.5% lower but recovered some of those losses by the close.
** Parcels are growing "really quite strongly", says Lowland Investment Company Plc's Laura Foll, who has been adding to holdings in Royal Mail accordingly ** "Letters will continue to decline ...
Glencore (Frankfurt: 8GC.F - news) on Thursday said copper output in 2018 should rise to nearly 1.5 million tonnes as its Katanga mine in Democratic Republic of Congo ramps up to add roughly 150,000 tonnes, as well as 11,600 tonnes of cobalt. During the commodities crash in 2015, Glencore reduced output of commodities including zinc and copper and shut its Katanga operation in Congo for an upgrade. Copper output in 2017 fell by 8 percent to just over 1.3 million tonnes, while cobalt, a market Glencore dominates and which has soared in response to expected demand for battery minerals, slipped to 27,400 tonnes.
Anglo American on Monday announced the sale of the New Largo thermal coal project in South Africa for approximately $71 million to a new majority black-owned-and-managed company, marking its exit from South African domestic coal. During the depths of the commodity crash in late 2015 and early 2016, Anglo American sought to sell a large part of its assets, saying it would focus on copper, diamonds and platinum. As commodity markets recovered, however, the pressure to sell decreased and at least one coal sale fell through because shareholders could not agree to sell when the asset was making money.
What the major UK retailers have said about their trading over the crucial Christmas season so far: :: Next Shares across the sector soared on hopes that a positive trading result for the fashion and homewares ...
Hedge funds are circling British car dealers, betting on their increasing vulnerability as a five-year sales boom hits the skids in the face of waning consumer confidence and an accompanying drop in resale values. UK new car sales registered the biggest annual drop since 2009 last year, data showed on Friday, with the Society of Motor Manufacturers and Traders (SMMT) predicting an even bigger decline this year. Fallout from Volkswagen (IOB: 0P6N.IL - news) 's 2015 diesel scandal has taken a heavy toll, with UK demand for diesel cars tumbling by 17 percent last year on consumer fears over potential new charges, while post-Brexit uncertainties and lower resale values pose a risk to sales of both petrol and diesel cars.
The FTSE 100 Index of leading UK-listed companies has rallied to a new record high, topping the 7,600 mark for the first time. It climbed by nearly 80 points in its last full trading session before Christmas, ...
Prudential (SES: K6S.SI - news) expects its Asian business to double in size every five to seven years, the British life insurer said after reporting the region drove a 17 percent rise in new business profit during the first nine months of 2017. Britain's largest insurer, which traditionally saw its revenue fairly equally split between Asia, the United States and Britain, has pushed ahead with Asian growth in recent years. Asia was "in some ways, ours to lose", Chief Executive Mike Wells told investors on Thursday after Prudential said that new business profit in the region rose 15 percent to 1.61 billion pounds, helped by higher sales and rising interest rates.
BP underlined its confidence in the future as it posted better than expected third quarter results days after the oil price topped $60 for the first time since 2015. The energy giant, a staple among many UK pension funds, announced a share buyback to reward long-suffering investors battered by the collapse in the market in recent years. Replacement cost profit for the third quarter fell 17% compared to the same period last year to $1.38bn (£1.04bn) due to accounting charges and one-off costs.
LONDON, Oct (Shenzhen: 000069.SZ - news) 30 (Reuters) - Glencore (Frankfurt: 8GC.F - news) on Monday cut its output forecast for core commodities including zinc, but raised its marketing division's full-year earnings before interest and tax (EBIT) to between $2.6 billion and $2.8 billion, reflecting higher raw materials prices. Its previous 2017 marketing, or trading, EBIT guidance was $2.4 billion to $2.7 billion, which was already an upward revision from $2.1 billion to $2.4 billion at the start of the year. In its third-quarter production report on Monday, Glencore (Amsterdam: GX8.AS - news) lowered its output guidance for copper, zinc and coal, citing operational difficulties, maintenance and end-of-mine-life declines, but it said full-year earnings would not suffer.
LONDON, Oct (Shenzhen: 000069.SZ - news) 26 (Reuters) - Barclays (LSE: BARC.L - news) shares fell sharply on Thursday as investors worried about chief executive Jes Staley's plans to grow the bank's trading division, its worst-performing business. The bank's shares fell by 7 percent, their worst single-day fall since the Brexit vote in June 2016, after it reported profit before tax well below analysts' expectations and its investment banking unit again underperformed. "We had thought Barclays would struggle to disappoint (on) low Q3 expectations.
More than 100 London-listed companies, including AstraZeneca (NYSE: AZN - news) and Pearson (Xetra: 858266 - news) , will be named on a new public register exposing investor revolts over pay and corporate governance failings. Sky News can reveal that the Investment Association (IA), the trade association for Britain's vast fund management industry, will this week begin writing to companies which saw at least 20% of shareholders oppose resolutions at this year's annual general meeting. The IA, which is still sifting through data relating to the 638 companies in the FTSE All-Share (LSE: SHRE.L - news) index, will initially circulate its letter to more than 100 boards which have been on the receiving end of big shareholder revolts.
Economic growth remained positive. Yes, the pound fell sharply on referendum night, but for all the scary forecasts from Britain's economists, Armageddon this was not. One upshot was that Britain's cadre of professional forecasters had a crisis of confidence.
Britain's Carillion Plc on Thursday confirmed that it had received proposals from more than one counterparty for the possible acquisition of its UK healthcare business. Share of the debt-laden company ...
** Short-sellers continue to raise their bets against semiconductor manufacturer IQE after it reported half-year results ** Stock has been one of the AIM index's best performers of late, rising nearly ...
FRANKFURT/DUESSELDORF, Sept 26 (Reuters) - Thyssenkrupp (Amsterdam: TH6.AS - news) raised almost 1.4 billion euros ($1.7 billion) in a share placing on Tuesday to help fund the industrial goods businesses that will stay with the firm after the planned merger of its steel operations with Tata Steel (BSE: TATASTEEL.BO - news) next year. "We will use that time to strengthen our industrial goods businesses right away," said Chief Executive Heinrich Hiesinger. Thyssenkrupp makes everything from car components, ships and industrial plants to elevators and submarines.
Major miner Rio Tinto (Hanover: CRA1.HA - news) on Friday said its Chief Financial Officer Chris Lynch would retire from his role by the end of September 2018, when he will be 65. The company said Lynch would stay with the group to ensure a smooth transition and a successor would be announced in due course. CEO Jean-Sebastien Jacques said in a statement Lynch had made "an outstanding contribution" since he became CFO in 2013.
Shares (Berlin: DI6.BE - news) in Russian-focused gold miner Petropavlovsk (LSE: POG.L - news) fell on Tuesday after the company reported a rise in first-half profit as analysts said it was too soon to tell what difference changes at the top would make. Petropavlovsk returned to profit in 2016 after restructuring to tackle its debts, but faced further turmoil this year as rebel shareholders ousted founder Peter Hambro in June and voted in new board members, citing corporate governance failures. Petropavlovsk reported a 30 percent increase in first-half earnings before interest tax, depreciation and amortisation (EBITDA) on Tuesday, and said it continued to work on strengthening its capital structure.
The European single currency and euro zone government bond yields rose on Wednesday after a survey showed the bloc's manufacturing businesses had their best month of growth in six-and-a-half years. Forecast-beating surveys in the euro zone's two biggest economies, France and Germany , helped pull the euro up against the dollar, which had wobbled against the yen overnight on comments from U.S. President Donald Trump. The pan-European STOXX 600 however, was dragged down by unloved media stocks.
British finance minister Philip Hammond has blocked government attempts to curb high-stakes gambling machines commonly found in betting shops in order to preserve tax revenues, the Daily Mail newspaper reported on Saturday (Shenzhen: 002291.SZ - news) . Britain's ministry for culture, media and sports, which regulates the gambling industry, launched a consultation in October into the maximum wagers that should be allowed on gambling machines, including those known as fixed-odds betting terminals. The Daily Mail cited a government source as saying Britain's finance ministry feared this would be "financially crippling" for tax revenues, and separately said Hammond had acted to ensure a clampdown on maximum gambling stakes was shelved.