Online retailer Asos has failed to offer any guidance on sales or profitability for the current financial year after what it described as a “disappointing” set of results that included a 68 per cent drop in profits.
Latitude Financial has abandoned its second attempt at an initial public offering due to concerns that shares in Australia’s largest non-bank lender would tumble on debut, scuppering what was set to be the country’s largest listing this year.
EU regulators are expected to announce on Wednesday interim measures to force Broadcom to suspend alleged anti-competitive behaviour while it is being investigated, in the latest sign of a clampdown against big US tech companies.
Royal Mail is facing the threat of national strikes in the run-up to Christmas after postal workers overwhelmingly backed industrial action in a dispute over conditions, job security and alleged bullying.
Revenue growth remains scarce at Citigroup, but a strong third quarter performance in its credit-card business, and resilience in its investment banking operation, kept the bank’s financial targets within reach.
Naturgy, a Spanish utility, and Sonatrach, Algeria’s state-owned oil and gas company, have agreed to buy Abu Dhabi sovereign wealth fund Mubadala’s just over 42 per cent stake in the Medgaz gas pipeline between Algeria and Spain.
Investor sentiment about the German economy declined less than expected in October, while remaining subdued over worries about the US-China trade war and the potential for a disruptive Brexit at the end of this month.
Thomas Cook’s chief executive said the failure of the UK government to back a last-ditch rescue deal led to the travel company’s collapse as he described having no contact with ministers in the days leading up to its liquidation.
The UK’s major lenders would be able to cope with being shut out of currency markets for up to three weeks if Brexit developments trigger big swings in the value of the pound, according to the Bank of England governor.
Oscar-winning visual effects company DNEG has announced plans to float on the London Stock Exchange, aiming to raise £150m to tap into the “golden age” of filmmaking being propelled by streaming services.
London-listed drugmaker Indivior has raised its guidance for this year’s earnings for a second time following the strong performance of a drug used to treat opioid addiction, sending shares 10 per cent higher in early trading.
The UK’s energy regulator has proposed cutting funding by £80m for the project that links the new Hinkley Point C nuclear reactor to the electricity grid after rejecting some of the National Grid’s requests for cash.