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TBCG - TBC Bank News Story

990p 5.0  0.5%

Last Trade - 25/09/20

Sector
Financials
Size
Mid Cap
Market Cap £546.0m
Enterprise Value £1.37bn
Revenue £307.1m
Position in Universe 493rd / 1808

UPDATE 1-UK Stocks-Factors to watch on Feb 22

Thu 22nd February, 2018 7:51am
(Adds more company news items, futures) 
    Feb 22 (Reuters) - Britain's FTSE 100  .FTSE  index is seen to open 82 
points lower at 7,199.8 on Thursday, according to financial bookmakers, with 
futures  FFIc1  down 0.86 percent ahead of the cash market open.  
     
    * PLAYTECH: British gambling technology company Playtech  PTEC.L  posted an  
18 percent rise in annual revenue, helped by a strong performance in its gaming 
business.  urn:newsml:reuters.com:*:nL4N1QC256 
    * MORGAN SINDALL: Britain's Morgan Sindall Group Plc  MGNS.L  on Thursday 
reported a 48 percent rise in annual pretax profit, helped by a strong 
performance in its office installation and refurbishment business. urn:newsml:reuters.com:*:nL4N1QB2O3 
    * KAZ MINERALS: Kazakhstan-focused Kaz Minerals  KAZ.L  on Thursday said its 
full-year profit before tax jumped to $580 million in 2017 from $220 million a 
year earlier and said it expected its 2018 output to be up as much as 16 
percent. urn:newsml:reuters.com:*:nL8N1QB6JZ 
    * TBC BANK: TBC Bank Group Plc  TBCG.L , Georgia's largest retail bank, 
reported a jump in full-year net profit, buoyed by robust lending, and 
maintained its medium-term targets in a growing economy. urn:newsml:reuters.com:*:nL4N1QC21L 
    * CENTRICA: Britain's largest energy supplier Centrica  CNA.L , which issued 
a profit warning in November, raised its cost efficiency programme target by 500 
million pounds ($694.00 million) and said it would cut about 4,000 jobs by 
2020. urn:newsml:reuters.com:*:nL4N1QC219 
    * SERCO: British outsourcer Serco  SRP.L  reported 2017 profit in line with 
its recently-upgraded forecast and reiterated its expectations for 2018, 
expressing confidence in a sector hit by the collapse of rival 
Carillion. urn:newsml:reuters.com:*:nL8N1QC1PQ 
    * RSA: Insurer RSA's  RSA.L  2017 operating profit rose 1 percent to an 
above-forecast 663 million pounds ($920.24 million), boosted by strong 
performance in its Canadian and Scandinavian businesses, it said on 
Thursday. urn:newsml:reuters.com:*:nL8N1QC1QX 
    * HAYS: British recruiter Hays  HAYS.L  posted a 16 percent rise in 
first-half profit, helped by growth in its international business and cost 
controls in its domestic market, where hiring has been hit by uncertainty since 
Britain voted to leave the EU. urn:newsml:reuters.com:*:nL4N1Q44JZ 
    * British American Tobacco  BATS.L  reported higher full-year sales and 
profits on Thursday, helped by the acquisition of Reynolds American and market 
share gains. urn:newsml:reuters.com:*:nFWN1QC06O 
    * ANGLO AMERICAN: Anglo American  AAL.L  on Thursday reported underlying 
EBITDA of $8.8 billion, a 45 percent increase year-on-year, halved its net 
debt and delivered free cash flow of $4.9 billion, a 93 percent 
increase. urn:newsml:reuters.com:*:nL8N1Q70I3 
    * RATHBONE BROTHERS: British wealth and investment manager Rathbone Brothers 
 RAT.L  on Thursday posted a 17.6 percent increase in pretax profit, boosted by 
record assets under management on the back of market gains and net 
inflows. urn:newsml:reuters.com:*:nFWN1QC06L 
    * BARCLAYS: Barclays PLC  BARC.L  on Thursday reported its annual profit for 
2017 rose 10 percent from the year before, and pledged to restore its full 
dividend with a payout of 6.5 pence per share in 2018. urn:newsml:reuters.com:*:nL4N1Q62DF 
    * BAE SYSTEMS: British defence company BAE Systems  BAES.L  posted an 8 
percent rise in annual earnings, in line with forecasts, helped by the ramp up 
in production the F-35 combat aircraft, and guided that it expected earnings to 
be flat for 2018. urn:newsml:reuters.com:*:nFWN1QC02N 
    * INTERSERVE: British contractor Interserve  IRV.L , which is in talks with 
its bankers to secure funding after issuing two profit warnings last year, has 
decided to close its power business as part of an operational restructuring of 
its industrial unit. urn:newsml:reuters.com:*:nL8N1QB5O3 
    * ASTRAZENECA: AstraZeneca Plc  AZN.L ,  AZN.N  said on Wednesday an 
advisory committee of the U.S. Centers for Disease Control and Prevention 
recommended the use of its FluMist Quadrivalent vaccine in the upcoming flu 
season, reversing its earlier position. urn:newsml:reuters.com:*:nL4N1QB3YZ 
    * UNILEVER: The British government is bracing for Unilever  ULVR.L , 
 UNc.AS , one of the country's biggest companies, to shift its headquarters to 
the Netherlands after months of political pressure from both sides, the 
Financial Times reported on Wednesday. urn:newsml:reuters.com:*:nL8N1QB5QG 
    * GLENCORE: Glencore  GLEN.L  and four bank lenders have reached a deal with 
Chad on the restructuring of an over $1 billion oil-backed loan, sources 
familiar with the matter said. urn:newsml:reuters.com:*:nL8N1QB5IF 
    * SIMPLYBIZ-IPO: British company SimplyBiz is joining a queue of financial 
services firms preparing for flotations on the London stock market with plans 
for a listing that could value the group at more than 150 million pounds ($209 
million). urn:newsml:reuters.com:*:nL8N1QB3GY 
    * AA: Ten hedge funds betting on a fall in AA  AAAA.L  shares are set to 
reap collective paper profits of more than 16 million pounds ($22.3 million) 
after its stock dropped by up to 30 percent.  urn:newsml:reuters.com:*:nL8N1QB2ZT 
    *  METRO BANK: Metro Bank  MTRO.L  could raise capital this year, its CEO 
said, as the British lender looks to fuel growth.  urn:newsml:reuters.com:*:nL8N1QB31R 
    * EX-DIVS: Carnival  CCL.L , Diageo  DGE.L , GlaxoSmithKline  GSK.L , 
Imperial Brands  IMB.L , will trade without entitlement to their latest dividend 
pay-out on Thursday, trimming 9.1 points off the FTSE 100 according to Reuters 
calculations  ID:nL8N1QA2AG   
    * BRITAIN-EU: Britain still wants an implementation phase with the European 
Union of around two years, a government source said on Wednesday, saying there 
was no change in the government's Brexit policy.  urn:newsml:reuters.com:*:nL8N1QB3A5 
    The transition period after Britain leaves the European Union at midnight of 
March 29th, 2019, should last as long as it takes to prepare a new free trade 
agreement with the European Union, a British document showed on 
Wednesday. urn:newsml:reuters.com:*:nB5N1IL02M 
    * OIL: Oil prices fell on Thursday, pulled down as a firmer dollar 
outweighed a report of a decrease in U.S. crude inventories. urn:newsml:reuters.com:*:nL4N1QC0B7 
    * GOLD: Gold prices held steady around a one-week low on Thursday, weighed 
down by minutes from the last U.S. Federal Reserve meeting that showed 
policymakers backed further interest rate rises. urn:newsml:reuters.com:*:nL4N1QC0M9 
    * METALS: London metals fell on Thursday after U.S. policymakers backed the 
need for more rate rises, pushing up the dollar and putting pressure on metals 
as trading in Shanghai resumed after a week-long break. urn:newsml:reuters.com:*:nL4N1QC0J6     
    * The UK blue chip index closed 0.48 percent higher at 7281.57 points on 
Wenesday, as solid earnings from Glencore and Lloyds gave a boost to miners and 
financial shares, helping lift the blue-chip index into positive territory after 
earlier losses.  urn:newsml:reuters.com:*:nL8N1QB5W5 
    * For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets 
 
    TODAY'S UK PAPERS 
    > Financial Times                       PRESS/FT  
    > Other business headlines              PRESS/GB  
 Multimedia versions of Reuters Top News are now available for: 
 * 3000 Xtra    : visit http://topnews.session.rservices.com 
 * For Top News : http://topnews.reuters.com 
 
 (Reporting by Harish Bhaskar) 
 ((harish.bhaskar@thomsonreuters.com; +918067493686;)) 
 
Keywords: BRITAIN STOCKS/FACTORS
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