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WeWork IPO to be delayed amid valuation concerns

WeWork owner The We Company is likely to delay its highly-anticipated its initial public offering (IPO), the Wall Street Journal has reported. The office space manager, however, still expects to complete its float by the end of the year. WeWork...

Next share price outperforms as Credit Suisse lifts rating

Next’s (LON:NXT) share price has advanced in London in today’s session as Credit Suisse hiked its rating on the company, expecting the retailer to benefit as the UK clothing market changes. The comments come as the blue-chip group prepares to...

Ocado share price subdued ahead of Q3 statement

Ocado’s (LON:OCDO) share price has been subdued in London this morning ahead of the online grocer’s third-quarter statement due out tomorrow. The results will follow the company’s interims in July when the blue-chip group revealed that its losses had widened...

Tesco share price: Discount chain sees slow growth

Growth at Tesco’s (LON:TSCO) Jack’s stores has been slow, about a year after the discount chain was launched, the Guardian has reported. Britain’s biggest grocer announced Jack’s last year in an effort to battle German discount rivals Aldi and Lidl...

Direct Line share price: Group appoints new finance chief

Direct Line Group (LON:DLG) has appointed a new finance chief, the blue-chip insurer has reported. The update comes after the insurance company, which is dropping out of the FTSE 100 this month, promoted its chief financial officer Penny James to...

LSE share price: HKEX to pursue merger despite rejection

Hong Kong Exchanges and Clearing has vowed to press on with its £32-billion takeover bid for the London Stock Exchange (LON:LSE), the Financial Times has reported. The news comes even as the FTSE 100 company rejected the unsolicited tie-up proposal...

Whitbread share price: JPMorgan ‘underweight’ on group

JPMorgan Cazenove is ‘underweight’ on Whitbread (LON:WTB), pointing to deteriorating business momentum in the UK and the completion of the group’s share buyback. The comments come as the Premier Inn owner prepares to update investors on its interim performance on...

WeWork IPO: Group overhauls corporate governance

WeWork has moved to overhaul its corporate governance in an effort to save its initial public offering (IPO). The update comes amid concerns over the highly-anticipated WeWork IPO after it emerged this week that the company’s biggest outside shareholder, Japan’s...

Sainsbury’s share price: CEO warns on no-deal Brexit

J Sainsbury’s (LON:SBRY) chief executive has warned that a no-deal Brexit would ‘inevitably disrupt’  fresh food supplies in Britain, Reuters has reported. The news comes ahead of the current Brexit date of October 31. Sainsbury’s share price has surged in...

SSE share price surges on Energy Services sale

SSE’s (LON:SSE) share price has surged in London this morning as the company inked a deal to sell its Energy Services business. Today’s update comes ahead of the FTSE 100 group’s interim results in November. As of 09:54 BST, SSE’s...

LSE share price: Group set to decide fate of merger bid

London Stock Exchange’s (LON:LSE) board is set to meet in the coming days to decide on Hong Kong Exchange’s shock merger approach, Reuters reports. Hong Kong Exchanges and Clearing proposed a tie-up this week as it looks “to create a...

Morrisons share price: Analysts weigh in interims

Wm Morrison Supermarkets’ (LON:MRW) special payout to shareholders and expanded relationship with US e-commerce giant Amazon are adding to the group’s already stable performance, Citywire reports. The comments came after the company posted its interims, unveiling a small rise in...

FTSE 100 watch: Footsie steady after ECB rate cut

The FTSE 100 has climbed marginally higher in today’s session, with investors responding positively to the European Central Bank’s (ECB) move to cut its deposit rate and launch a new bond-buying programme. In individual movers, Wm Morrison Supermarkets (LON:MRW) and...

LSE share price: Analysts weigh in on merger offer

Analysts have weighed in on Hong Kong Exchange’s shock merger offer for London Stock Exchange Group (LON:LSE), expressing doubts that it would result in a deal. The comments come after Hong Kong Exchanges and Clearing (HKEX)  proposed a tie-up yesterday...

BAT share price surges amid simplification plans

British American Tobacco’s (LON:BATS) share price has climbed higher in London in today’s session, with investors reacting positively to the company’s simplification plans. The move, which will see the company axe more than 2,300 jobs, comes as the cigarette maker...

Morrisons share price rallies on special dividend

Wm Morrison Supermarkets’ (LON:MRW) share price has advanced in London this Thursday even as the blue-chip grocer posted lacklustre sales amid tough comparatives last year. The company, however, cheered investors with a special dividend and said that it was expanding...

Morrisons share price outperforms ahead of interims

Wm Morrison Supermarkets’ (LON:MRW) share price has climbed higher in today’s session, ahead of the grocer’s interims due out tomorrow. The update will come after the latest Kantar data showed that the grocer’s sales had fallen in the 12 weeks...

AstraZeneca share price joins rally as Citi remains bullish

AstraZeneca’s (LON:AZN) share price has climbed higher in London in today’s session this Wednesday as analysts at Citi reiterated their ‘buy’ rating on the stock and lifted their valuation. Sharecast quoted the broker as commenting that the market continued to ...

FTSE 100 watch: Footsie rallies ahead of ECB meeting

The FTSE 100 has surged in London this Wednesday, with sentiment staying positive ahead of tomorrow’s decision by the European Central Bank (ECB). A surge in London Stock Exchange (LON:LSE) is also lending support to the blue-chip index, as Hong...

LSE share price rallies on Hong Kong Exchange’s shock bid

London Stock Exchange Group’s (LON:LSE) share price has surged this Wednesday as Hong Kong Stock Exchange shocked the market with a tie-up proposal. The proposed cash-and-share deal values the FTSE 100 group at about £30 billion. As of 10:38 BST,...

BT share price: UBS points to ‘significant uncertainties’

UBS has pointed to ‘significant uncertainties’ for BT Group (LON:BT.A) which continue to cloud the telecoms giant’s future, Proactive Investors reports. The comments came as the broker reaffirmed its ‘neutral’ stance on the company yesterday. BT’s share price, which came...

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