MONDAY NOVEMBER 9
Funeral operator Dignity is expected to reveal a jump in revenues today when it publishes its third-quarter results.
However, after the unexpected jump in deaths in the first quarter of the year, growth rates are expected to be lower than those recorded in the first-half of the year. Underlying operating profits were extremely strong in the first six months of the year - up 31pc to £59.7m - and the outlook for full-year sales are expected to remain positive, Continue reading
ICAP, the giant interdealer broker founded by Michael Spencer, is in talks to sell part of itself to fierce rival Tullett Prebon in a £1bn deal that would transform the broking landscape.
The two companies are in advanced talks about a transaction that would see Tullett buy ICAP’s so-called global broking business. Tullett, which until last year was led by City veteran Terry Smith, would pay for the division in shares. ICAP would distribute most of the stock to its own shareholders Continue reading
Shares in miner BHP Billiton plunged 5.7pc to 975p after a dam at an iron ore mine in Brazil that it partly owns burst on Thursday evening.
One person was confirmed dead, more than 10 were injured and dozens are feared missing after the bursting of the dam, which holds back waste water from the mine, devastated a nearby town in the Minas Gerais region.
Following the incident, Samacro Mineração, a joint venture between BHP Billiton and Vale, said it had not established what had Continue reading
At least 17 people are reported to have died and more than 30 are injured and dozens are missing after a dam at an iron ore mine in the Minas Gerais region of Brazil, that is partly owned by BHP Billiton, burst.
The dam, which holds back waste water from the mine, devastated a nearby rural village with mudslides.
In a statement following the incident, Samarco Mineração, a joint venture between BHP Billiton and Vale, said it had not established what had caused the dam to burst, or Continue reading
Deutsche Bank became the first major investment bank to upgrade the rating of beleaguered mining and trading group Glencore, since its shares nose-dived 30pc in late September.
The investment bank encouraged investors to “buy” the stock, as it believes the Switzerland-based company is now “on top of its debt issues” following Wednesday’s third-quarter production update. With the FTSE 100 stock “overcoming debt fears”, analysts lifted its Continue reading
Barclays’ newly appointed chief executive Jes Staley has spent more than £6.5m buying shares in the bank.
The former JP Morgan Chase banker, who will join the bank on December 1, bought 2.79m ordinary shares at an average price of 233p.
In early morning trade, shares in lender fell by more than 1.4pc to 229.1p - its lowest level since January.
Barclays three-day graph (Source: Bloomberg)
However, the stock eased back after the announcement and before 12.30pm Continue reading
Shares in travel and leisure stocks tumbled into the red this morning after Britain stopped flights to a major Egyptian tourist resort.
Thomas Cook and TUI were heaviest hit, falling 5.3pc and 2.1pc respectively, amid concerns that the move to suspend flights could result in cancellations and reduced demand for holidays to Egypt.
On Wednesday, the UK Government advised against travel to the Red Sea resort of Sharm el-Sheikh after it said there was a possibility the Russian plane crash Continue reading
Britain's largest oil and gas engineering company, Amec Foster Wheeler, suffered its worst trading session in its 32-year history, after it halved its dividend and said it would look to make further cost savings, amid tough market conditions.
Shares plunged 173p, or 23.2pc to 574p - its lowest level since April 2009 - as the mid-cap firm said reduced capital expenditure and pricing pressure from customers had dented margins.
Chief executive Samir Brikho said: “We are not immune Continue reading