BP profit slide weighs on FTSE
The FTSE 100 was virtually flat on Tuesday at 6721 as BP reported lacklustre numbers.
Companies
-
-
Damning BHS report highlights need for DB pension reform
The collapse of British department store group BHS was due largely to “systematic plunder” by its former owners, but raises ongoing concerns over the future of company pension schemes which need to be tackled soon, according to a UK parliamentary inquiry.
-
Vodafone shares jump on improved organic growth
The telecom operator’s share price rose 4.7% to 235.7p during morning trading undeterred by group revenue losses in the first quarter.
-
Unilever’s sales surge held back by currency crosscurrents
Unilever announced a 4.7% lift in underlying sales in the first half of the year, the consumer goods giant said on Thursday.
-
Charles Stanley reports second quarter revenue hit
Charles Stanley’s second quarter numbers were hit by lower commission fees and disposals resulting from its redirected business the firm said on Thursday.
-
Investor caution, transformation costs weigh on WH Ireland
WH Ireland reported an operating loss of £1.7m for the six months to end May 2016 driven by lower transactional costs, expenses relating to an FCA investigation and ongoing one-off restructuring costs.
-
Platforms face inflection point as competition cuts margins
The ongoing technological revolution has levelled the financial services playing field globally argues Jaco van Tonder, head of advisory services at Investec Asset Management – and with that levelling comes both risk and opportunity.
-
Johnson Matthey’s profits boosted by Brexit
Johnson Matthey said a weaker pound following the Brexit vote has had a positive effect on operating profits, a trend it expects to continue for the remainder of 2016 and into 2017.
-
Fundsnetwork boosts investment trust options
Fundsnetwork has added 25 investment trusts to its offering as a result of adviser demand, it said on Tuesday.
-
DeVere UK attains chartered financial planner status
DeVere United Kingdom has been awarded corporate chartered financial planner status by the UK’s Chartered Insurance Institute (CII).
-
Royal Mail’s Q1 revenue rise lifts shares
Royal Mail shares were trading 1% higher this morning at 507p putting it in the top ten FTSE 100 risers at the time of writing.
-
Arbuthnot builds post-Brexit war chest
The sale of Everyday loans and the successful placing of a 33% stake in Secure Trust Bank have “substantially increased” the Arbuthnot’s financial resources and positioned it well for the post Brexit landscape the firm said on Tuesday.
