Below are the key morning headlines from today's papers, featuring the Financial Times, The Times, The Telegraph, The Daily Mail & more - see the full Press section here.
- Savills (SVS) profits drop on ‘challenging’ global conditions. Estate agency group says quieter markets in UK and Asia-Pacific have hit margins. Chief executive Jeremy Helsby said it was also because of investments being made by the firm, but pointed to rising political and economic uncertainty as the UK continued fractious Brexit talks with EU negotiators.
- Card Factory (CARD) blames weather as it tempers earnings expectations. Shares in the UK high street retailer dropped 10% after with a lower-than-expected earnings forecast.
- New Main Market listing Amigo Holdings (AMGO) edged down 0.5p to 282.5p despite RBC, Macquarie and JP Morgan initiating coverage of the lender with an “outperform” rating.
- Sequels are proving box office gold for Cineworld Group (CINE) . The world’s second-biggest cinema chain has predicted a strong year on the back of releases including Mission: Impossible — Fallout, Mamma Mia! Here We Go Again and Incredibles 2.
- Worsening life expectancy trend lifts Legal & General Group (LGEN) . Life expectancy increasing slower means that insurers need to set aside less cash for pension payments and that let L&G release reserves last year that had been held back to pay customers.
- EKF Diagnostics Holdings (EKF) soared after the Cardiff-based company said first-half earnings were ahead of its expectations. Investors were also buoyed by an update on new deals, including a distribution agreement with the US-based McKesson Medical-Surgical for its haemoglobin analyser Diaspect, which has regulatory clearance.
- Vernalis plc (VER) which has recently focused on selling prescription cough medicine in the US, has agreed a sale to Ligand UK at 6.2p per share in cash, valuing it at about £32.7m.
Trading volume in Asiamet shares are 600% above the monthly average, as investors look to take advantage of the recent dip in price the company experienced following the speculation regarding protests in the Nagan Raya area where its Beutong asset is located.
Philip Hammond gets a £10 billion boost for Budget spending after fall in borrowing, China growth slowest since financial crisis as trade war looms.
Andalas Energy (ADL), recently released its corporate presentation to the public underlining its new ongoing strategy. The oil and gas exploration and production company explores opportunities in assets in the UK and Indonesia.
Read a roundup of This Week’s Trading Updates: Broker and Tipster Sentiment by Stockomendation Analyst James Bowden.
On today's podcast: David Ciclitira, Executive Chairman of Live Company Group (LVCG) talks about their recent acquisition of Bright Bricks and about general progress at the company. Also Russ Mould, Investment Director at stockbroker AJ Bell talks about: Zytronic (ZYT), Redcentric (RCN) & Tharisa (THS).
SP Angel morning note on commodities featuring: Scotgold Resources* (SGZ LN) – Cononish update
See Today's AIM Risers Featuring Safestay, CAP-XX, Fontera Resources and PhotonStar LED Group
Unilever overhaul could be ditched after backlash, Amazon creates 1,000 new UK research roles as tech giants hone in on British talent, HSBC to list shares in Shanghai in ‘symbolic’ move
Five financial stories, trending today in a 70 second podcast, including: Food sales saw their steepest drop in three years in September as consumers tightened their belts after the unusually hot summer, the Office for National Statistics (ONS) has said. Sales of food were down 1.5% in the month, contributing to a 0.8% fall in total UK retail sales.
As predicted, shares in New York have fallen into the red in early trading, Unilever has ‘no regrets’ on U-turn over HQ as sales grow