General Finance

Mothercare reports pre-tax loss

Mothercare posted a pre-tax loss of £21.5 million for the 12 months to the end of March, improving on last year's results.

Morrisons and Ocado drop as deal implications set in

Some fund managers have sold their shares in Morrisons, while the head of Waitrose is rumoured to be refusing to meet with Ocado's CEO.

What's in store today...

Thursday will be a busy day for water companies, as United Utilities and Pennon Group leak their full-year results.

IMIC offer "considerably undervalues" Afferro Mining

Analysts and investors alike expressed disappointment at IMIC's offer for Afferro Mining and questioned whether a white knight would come to the rescue.

Britvic merger with AG Barr "less likely" - analysts

As Britvic unveiled a cost savings plan on Wednesday, analysts stated that its first-half results made a strong case for the company as a stand-alone entity.

IMF urges UK to sell stakes in Lloyds and RBS

The government's ownership of Royal Bank of Scotland and Lloyds Banking Group is not in the interests of the UK's economic recovery, the IMF says.

What's in store today...

Soft drinks producer Britvic is the headline act on Wednesday, as it reports its interim results. Elsewhere, public finance data will be released.

Inflation drops to seven-month low

A fall in consumer price inflation to 2.4% in April facilitates further monetary stimulus by the Bank of England, according to analysts.

Carnival plunges on profit warning

Analysts offered differing views on cruise operator Carnival's profit warning, which saw its shares tumble on Tuesday.

Vodafone denies shareholders Verizon dividend

After Vodafone's profits slumped, the telecoms giant confirmed it will not pay any of its £2.1 billion Verizon Wireless windfall to shareholders.

16572