Selftrade

Selftrade | January 23, 2017

Theresa May has revealed the 10 pillars of her industrial strategy for the UK economy, ahead of a trip to Washington to meet new US President Donald Trump at the end of the week. Having clarified her position on the government's Brexit strategy last week, the mid-point of a key fortnight for the Prime Minister saw her set out a green paper that aims to boost productivity, link in with the Chancellor's plans to increase spending on infrastructure and generally see the government play a mo...

Selftrade | January 23, 2017

International specialist staffing business SThree announced its final results for the year to 30 November on Monday, describing it as a "robust" full year performance in the face of mixed trading conditions. The London-listed firm posted adjusted profit before tax of £40.8m, slightly above the top end of the consensus range and precisely in line with the figure in 2015. Foreign exchange effects increased its reported operating profit by around £4.2m, and group gross ...

Selftrade | January 23, 2017

BP started up its Thunder Horse South Expansion in the Gulf of Mexico ahead of schedule and under budget, with the latter being the result of its use of standardised equipment instead of customised components. It was expected to be the first of several major upstream start-ups scheduled for 2017 and marked "a major step" towards meeting the oil major´s target of bringing the 800,000 barrels a day of new capacity onstream by 2020, the company said in a statement. The expansion was...

Selftrade | January 23, 2017

Easyjet is expected to report broadly flat first quarter revenue on Tuesday as the budget airline faced challenges including a weaker pound and terrorist attacks in Europe. UBS predicts first quarter revenue of £932m, broadly unchanged from the same period in the previous year at £930m, as 8% growth in traffic was offset by a decline in revenue per seat. Management has guided for revenue per share to fall by "mid to high single digits". At the company's 2016 full year r...