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UK Market News
Posted By: Terry Fitzroy
Terry Fitzroy

After spending much of his early career within the finance industry Terry has now moved on to develop his passion of journalism whilst still applying his knowledge of the stock markets. Terry specialises in institutional banking news across both the UK and US markets.

HSBC

HSBC in an update said that it is “happy” to put forward more capital towards its investment bank, after the group saw a strong performance within its fixed income division which helped boost underlying quarterly earnings above analyst...

By Terry Fitzroy on Nov 7th, 2016
British Airways

International Consolidated Airlines Group reduced its earning and capacity forecasts after ongoing volatility including a weaker pound and lower demand around Brexit has affected the aviation sector this year. The parent company of British...

By Terry Fitzroy on Nov 4th, 2016
Time Inc

The publisher of People and Fortune magazines, Time Inc, reported on Thursday adjusted profit slightly ahead of analyst expectations whilst it outlined that it would pause any major restructuring plans despite competitors shrinking their staff...

By Terry Fitzroy on Nov 3rd, 2016
Morrisons

Like-for-like sales growth at Morrisons was up for the fourth consecutive quarter due to a new premium range of items, price cuts and strong sales during the Halloween season. According to the supermarket chain based in Bradford, the company...

By Terry Fitzroy on Nov 3rd, 2016
U.K. Construction

Residential projects within the construction sector spiked during the months after Britain chose to exit the EU, it’s fastest pace since March. The Markit/CIPS UK Construction Purchasing Managers’ Index, which has been closely watched,...

By Terry Fitzroy on Nov 2nd, 2016
Angie's List

Recommendations service, Angie’s List, has said that it has hired the services of two banks to explore “strategic alternatives” in a statement within its earnings results on Tuesday. In the middle of 2016, the website dropped...

By Terry Fitzroy on Nov 1st, 2016
Zimmer Biomet

Medical-device company Zimmer Biomet Holdings Inc. reduced its sales guidance for the full year on Monday and lowered its high end of its profit guidance after a disappointing third quarter in which sales were lower than management’s expectations. The...

By Terry Fitzroy on Oct 31st, 2016
Honda Civic

With the increasing demand for sport utility vehicle models XR-V and Vezel in China, Honda Motor Co. increased its full-year profit forecast by 6 percent. The company has seen a significant rise in sales of the said sport utility vehicles and...

By Terry Fitzroy on Oct 31st, 2016
Google

High internet advertising sales offset spending on new unprofitable products and projects for internet giant Alphabet Inc. resulting in revenues and profits much higher than analysts predicted. Revenue, not including payments to partner sites,...

By Terry Fitzroy on Oct 27th, 2016
CenturyLink

Advanced merger talks are underway between CenturyLink Inc. and Level 3 Communications Inc., a move that would make an enterprise telecommunications player worth $50 billion in the highly competitive industry. According to people familiar with...

By Terry Fitzroy on Oct 27th, 2016