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Buy DS Smith and Smurfit Kappa, Berenberg says
Berenberg upgraded DS Smith to ‘buy’ and initiated coverage of Smurfit Kappa with the same rating in an upbeat note on prospects…
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Wednesday preview: Fed policy meeting in the spotlight
All eyes on Wednesday will be on the US central bank as policymakers at the Federal Reserve meet to decide on rates.…
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Dignity swings to FY loss despite modest underlying revenue growth
Funeral services provider Dignity said on Wednesday that it had swung to a full-year pre-tax loss despite reporting modest underlying revenue growth…
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JPMorgan upgrades Rolls-Royce, shares rally
Rolls-Royce rallied on Wednesday as JPMorgan Cazenove upgraded shares of the engine maker to ‘neutral’ from ‘underweight’, highlighting four reasons behind the…
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Europe open: Markets cautious ahead of Fed policy meeting
European stocks were slightly lower at the opening on Wednesday as investors stood back ahead of the US Federal Reserve’s policy decision…
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Centaur restarts dividend after loss narrows
Centaur Media restarted its dividend after the group’s annual loss narrowed despite a drop in revenue during the pandemic. The publisher, training…
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Ferrexpo earnings rise as it swings to net cash position
Iron ore pellet producer Ferrexpo reported a 13% improvement in revenue in 2020 on Wednesday, to $1.7bn, which it put down to…
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UK raises £1.36bn in 5G spectrum auction
The UK government on Wednesday said it had auctioned a new tranche of 5G mobile network spectrum for £1.36bn. EE, owned by…
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Capita announces restructuring as FY profits hit by pandemic
Outsourcer Capita said on Wednesday that it was simplifying its business into three divisions, as it posted a decline in full-year pre-tax…
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Hargreaves Lansdown profit to beat forecasts
Hargreaves Lansdown said annual profit would beat expectations after clients dealing in US stocks maintained strong dealing volumes. The investment platform said…
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