Jon has been reporting on stock markets for over twenty-five years for audio text companies (remember them?!), newswires, and websites. He helped set up MarketEye News for ICV/Topic in the 1990’s before moving on to become a Markets reporter at AFX News. After over 10 years, which saw him rise to the dizzy heights of Markets Editor at AFX, the firm’s acquisition by Thomson Corp and subsequent takeover of Reuters, he moved on in 2012. Prior to Proactive Investors, he was News Editor for thisismoney.co.uk, the Mail Online’s financial website.
Analysts at UBS said: “We see underlying margin deterioration in the core UK motor division as the key negative in the result. In addition, pricing increases appear weaker then peers at headline level”
The FTSE 100-listed firm said GEDU, a provider of English language training and test preparation for Chinese students wishing to study abroad, generated revenue of £78mln and had an adjusted operating loss of £4mln.
Neil Wilson, senior market analyst at ETX Capital pointed out: “Construction is all about margins and bidding too aggressively for work cost Balfour dearly for a couple of loss-making years in which it delivered seven profit warnings."
In a statement, reported by Reuters, Elliott said it had converted its previous 4.5 % "economic interest" in the FTSE 100-listed company to a 5% shareholding in BHP Billiton's UK-listed shares.
The new CEO, who is a US citizen and will be based in Houston, Texas, was managing director of the oil services group's US operations between 2000 and 2011
The AIM-listed firm – which recently agreed the all-share takeover of motor and pump designer Hayward Tyler PLC (LON:HAYT) – said the contract builds on Metalcraft's longstanding relationship with Cummins
In a note to clients, Goldman’s analysts reiterated their ‘buy’ rating on BAE shares while adding the stock to its influential list
In a statement, the AIM-listed firm simply said: “Challenger looks forward to updating the market when a new contractor is formally appointed and a new date is set for the completion of the New York Wheel”