- First quarter performance ahead of expectations - ‘Favourable’ outlook - 72% of earnings enjoy inflation protection The recent volatility in energy prices failed to knock ContourGlobal (GLO) off course as the international power generation business performed ahead of expectations in the first quarter and the company pointed to a ‘favourable’ outlook. Revenue was up 52.6% to ...

European share prices were rising early Friday in London, as investors looked to end the week on a positive note, though concerns about global 'stagflation' remained in place. Markets looked to have calmed, however, after US Federal Reserve Chair Jerome Powell - confirmed Thursday by the Senate for a second term - expressed confidence that the US economy is strong enough to withstand tighter ...

Stocks in London fell back into the red on Thursday during a volatile week of trading, as news of slowing domestic growth sparked recession fears, while inflation and tightening monetary policy remain at the top of investors' minds. The FTSE 100 index closed down 114.32 points, or 1.6%, at 7,233.34. The FTSE 250 ended down 116,27 points, or 0.9%, at 19,480.88, and the AIM All-Share closed down ...

Economic reports showing stubborn inflation in the US and an anaemic economy in the UK were sending London shares and the pound lower on Thursday. With heavyweight mining shares faltering, the FTSE 100 stock index now is down more than 4% in 2022 so far, while sterling is back to a level not seen since the height of the virus pandemic. ‘The FTSE 100 tumbled after weak UK GDP numbers and ...

- Final dividend of 5.39p takes full year payout to 7.7p - Telco agrees sport TV tie-up with Discovery - Analyst suspects investors would have preferred full sale UK telco BT (BT.A) reinstalled its final dividend as it reported lower revenue but underlying profits that beat expectations, and confirmed its mooted TV tie-up with Discovery. The FTSE 100 company reported a 2% fall in ...

A recovery in aviation may have helped aircraft engine maker Rolls-Royce (RR.) so far in 2022 but despite a fairly upbeat trading statement the market remains pretty sceptical on the shares. In an update ahead of its AGM, Rolls confirmed financial performance had been in line with expectations and kept full year guidance unchanged but it also said it was ‘well positioned’ for growth in its ...

Global medical solutions group Convatec (CTEC) said it has made a good start to the 2022 financial year with organic revenues up 6% year-on-year. Despite raising guidance on cost inflation to between 8% and 9% compared with 5% previously, the company reiterated full-year guidance. That is, organic revenues are anticipated to grow between 4% and 5% with an operating margin of at least ...

Shares in JD Sports Fashion (JD.) rallied 2.6% to 122p after the must-have trainers-to-tracksuits seller issued a positive trading update and delivered another profit upgrade in the face of a global shortfall in the supply of ‘certain key footwear styles’. The FTSE 100 retailer’s shares have fallen more than 40% year to date on worries about consumer spending and despite the latest ...

Both the pound and London's FTSE 100 stock index were in full retreat early Thursday, after official figures showed the UK economy grew by less than expected in the first quarter of the year and actually shrank in March. The FTSE 100 index was down 173.74 points, or 2.4%, at 7,173.92 early Thursday. The mid-cap FTSE 250 index was down 394.90 points, or 2.0%, at 19,252.25. The AIM All-Share ...

European markets on Wednesday recovered some ground lost earlier in the week, following news from across the Atlantic that US annual inflation had slowed in April, although not as much as anticipated. The FTSE 100 index closed up 105.44 points, or 1.4%, at 7,347.66. The FTSE 250 ended up 262.19 points, or 1.4%, at 19,647.15. The AIM All-Share closed up 8.65 points, or 0.9%, at 953.90. The ...