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Market report: FTSE slightly lower, Trinity Mirror completes Express deal featured picture

Market report: FTSE slightly lower, Trinity Mirror completes Express deal

A measure of calm appears to have returned to UK stocks despite the second 1,000 point fall of the week for the US Dow Jones index overnight. In early trading the index of leading UK shares is around 30 points lower at 7,138.12. Amid all the market volatility it’s actually a pretty quiet day for corporate announcements. Newspaper publisher Trinity Mirror (TNI) finally clinches a £126.7m deal ...
AA's early share price rally quickly runs out of fuel as debt and dividend threats continue featured picture

AA's early share price rally quickly runs out of fuel as debt and dividend threats continue

Out of favour AA (AA.) seemed to reassure investors with a pre-close trading update early on Thursday. Growth in new membership for its roadside assistance services and higher car insurance sales, added to reassurance over full year earnings, initially saw the share price jump more than 8%, yet early hubris has proved short-lived. By mid-morning the shares had shrunk back to ...
Cyber security star Sophos sees share price slump, but there’s a much more interesting underlying story here featured picture

Cyber security star Sophos sees share price slump, but there’s a much more interesting underlying story here

Today’s third quarter update from UK cyber security firm Sophos (SOPH) makes for interesting reading. What the market is focusing on is the big hit to operating cash flow and hefty operating losses. In the three months to 31 December 2017 (the company’s third quarter) adjusted operating profit declined by 6.1% to $15.3m and operating cash performance fell 2.2% to $17.5m. It’s worth ...
Market report: TalkTalk slashes payout, seeks £200m funding, but Compass and AA both impress featured picture

Market report: TalkTalk slashes payout, seeks £200m funding, but Compass and AA both impress

UK investors could be in for another bumpy day of trading on Thursday after a mixed session overnight in the US. The FTSE 100 index opens on the back foot, losing around 45 points, or 0.6%, in early deals to trade at 7,235.08. There’s more bad news from embattled TalkTalk (TALK) as the broadband and calls supplier slashes its dividend and goes on the hunt for new funding via a £200m rights ...
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