Comment: Saga to float on the LSE, Shell and Home Retail Group Earnings
April 30, 2014 9:25 am
Saga has confirmed its plans to float on the London Stock Exchange. The over-50’s insurer intends to raise £550 million to help pay down some of the firm’s debt, which currently stands at over £1.2 billion.
The earnings season continues, and has brought mixed news for Shell. Their initial profit of $7.3 billion far outstripped market expectations, reflected by a climbing share price this morning in the wake of the firm’s announcement. However, this figure is significantly reduced when one takes into account the company’s $2.9 billion cost of impairment charges connected to European and Asian refineries. In the UK, Home Retail Group Plc has seen a 27% rise in full year profit, as its implementation of structural changes at Argos begins to take effect.
Figures released this morning show that inflation in the Eurozone is up from 0.5% to 0.7%, on initial estimate. This figure missed the original prediction, which was for 0.8%, but is still being heralded as a positive result given the recent European fears of deflation.
In other macroeconomic news, the US GDP numbers are out this afternoon, and the US Federal Reserve’s Monetary Policy Statement is due this evening.
Saga has confirmed its plans to float on the London Stock Exchange. The over-50’s insurer intends to raise £550 million to help pay down some of the firm’s debt, which currently stands at over £1.2 billion.
The earnings season continues, and has brought mixed news for Shell. Their initial profit of $7.3 billion far outstripped market expectations, reflected by a climbing share price this morning in the wake of the firm’s announcement. However, this figure is significantly reduced when one takes into account the company’s $2.9 billion cost of impairment charges connected to European and Asian refineries. In the UK, Home Retail Group Plc has seen a 27% rise in full year profit, as its implementation of structural changes at Argos begins to take effect.
Figures released this morning show that inflation in the Eurozone is up from 0.5% to 0.7%, on initial estimate. This figure missed the original prediction, which was for 0.8%, but is still being heralded as a positive result given the recent European fears of deflation.
In other macroeconomic news, the US GDP numbers are out this afternoon, and the US Federal Reserve’s Monetary Policy Statement is due this evening.
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