Iain Gilbert
Aviva H1 profits surge
Aviva said statutory profits were up 58% year-on-year at £654.0m, while operating profits improved 14% to £875.0m. It also declared an interim dividend of 11.9p, up 7% when compared to the same time as a year earlier.General insurance written premiums inc...
2 months ago
Berenberg lowers target price on Synthomer
Berenberg stated on the one hand, the two units with the most scope for improvement – adhesives and nitrile – drove year-on-year increases in the underlying earnings of their parent segments."Due to a combination of restocking, self-help measures in adhes...
2 months ago
UK house prices rise 2.7pc in June
Average house prices for the 12 months ended 30 June came to £288,000, up £8,000 year-on-year, while house prices rose 2.4% to £305,000 in England, 1.8% to £216,000 in Wales, 4.3% to £192,000 in Scotland and 6.4% to £185,000 in Northern Ireland. Elsewhere...
2 months ago
Molten Ventures recent exits total £124m, nears FY target
Molten Ventures said it had successfully exited its investment in M-Files via a majority recapitalisation investment, adding the business to its list of exits in 2024, along with Perkbox, Endomag and Graphcore.The London-listed group added that portfolio...
2 months ago
US pre-open: Futures little changed ahead of CPI reading
As of 1300 BST, Dow Jones and S&P 500 futures were both up 0.01%, while Nasdaq-100 futures had the index opening 0.01% lower.The Dow closed 408.63 points higher on Tuesday, more than reversing losses recorded in the previous session.Wednesday's primar...
2 months ago
US mortgage applications surge 16.8pc
Applications to refinance a home soared 35%, while applications to purchase a home were up a much more modest 3%.The increase, which extended the prior week's 6.9% jump, came alongside a sharp pullback in borrow costs, with the rate on benchmark contracts...
2 months ago
US open: Stocks mixed following July CPI reading
As of 1520 BST, the Dow Jones Industrial Average was up 0.16% at 39.829.77, while the S&P 500 lost 0.19% to 5,424.22 and the Nasdaq Composite came out the gate 0.66% weaker at 17,074.17.The Dow opened 64.13 points higher on Wednesday, extending gains...
2 months ago
ITM Power FY revenues more than triple, guidance disappoints
ITM Power said revenues had grown from £5.2m to £16.5m, at the top end of its £10.0m-18.0m guidance, while adjusted underlying losses had improved from £94.2m to £30.4m, well ahead of its £45.0m-50.0m guidance. Net cash of £230.0m was also ahead of its £2...
2 months ago
Diversified Energy delivers 'strong' H1 results
Diversified Energy said average daily production was 746.0m cubic feet of gas, or 124,000 barrels of oil equivalent, and said it had exited the half at a significantly higher rate of 855.0m, or 143,000 boepd. The London-listed group stated underlying earn...
2 months ago
Gattaca delivers 'resilient' FY performance
Gattaca said group continuing net fee income was expected to be £40.0m, down 5% year-on-year, while contract NFI was up 3% year-on-year following 4% growth in contractor numbers during H2.Full-year underlying pre-tax profits were expected to be in line wi...
2 months ago
Mpac acquires SIGA Vision for undisclosed sum
Mpac stated the acquisition provided vision solutions on its packaging machines, as well as providing aftermarket support to its customers, and also offered it a platform from which it can provide "fully integrated support" to its existing and future cust...
2 months ago
Accesso downgrades FY revenue guidance
Accesso said full-year revenues were now expected to be $150.0m and $153.0m, down from the $160.0m previously forecast by the group.The AIM-listed group stated delays in the timeline for its Horizon projects in the Middle East and softer-than-expected con...
2 months ago
US pre-open: Futures higher as investors brace for data onslaught
As of 1230 BST, Dow Jones futures were up 0.22%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.09% and 0.14% firmer, respectively.The Dow closed 242.75 points higher on Wednesday as market participants thumbed over July's consumer pri...
2 months ago
Berenberg raises target price on FRP Advisory
Berenberg said the election, which gave the Labor Party a 167-seat majority and "a very public focus" on economic growth, may lead one to question if the UK was entering the early stages of a period of sustained growth, particularly given the recent accel...
2 months ago