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U.K. markets news

Blow for George Osborne as borrowing RISES
George Osborne was warned today he is on course to break his promise to borrow less as new figures show the deficit rose by �1.6 billion in September.
Government borrowing 10% higher than last year  The Guardian
UK public finances worsen in first half of tax year  Reuters
Financial Times   Related articles »  
Tesco boss Dave Lewis under pressure as sales continue to decline amid profit ...
Tesco chief executive Dave Lewis has suffered another blow as it emerged sales have continued to plunge just two days before he is expected to unveil ugly first half results.
UPDATE 1-Tesco sales continue to slide -Kantar  Reuters
Tesco Needs to Spend $4.9 Billion for Turnaround, HSBC Says  Bloomberg
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China GDP curbs stimulus expectations despite slow growth
China's economic growth beat analysts' estimates last quarter as export demand quickened and services expanded, bolstering the government's case for avoiding broader stimulus measures.
China's economic growth falls to 7.3 per cent in 3Q, lowest in 5 years  CTV News
China posts slowest growth since global crisis, more stimulus expected  The Globe and Mail
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Asos shares soar 18% despite fall in profits
Annual profits at Asos have fallen by 14% after the online retailer was hit by the strength of sterling and a major warehouse fire.
ASOS says back on course for $4 billion sales by 2020  Reuters UK
Asos Shares Rocket 17% Despite Profit Plunge  International Business Times UK
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BCA Marketplace scraps planned IPO
BCA Marketplace, owner of the webuyanycar.com website, has joined the growing list of companies to pull its initial public offering, blaming �volatility in global equity markets�.
Used-Car Auctioneer BCA Marketplace Calls Off London IPO  New York Times
Car dealer BCA Marketplace says will not proceed with floatation  Daily Mail
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FTSE 100: This morning's risers and fallers
UK stocks fluctuated in early deals on Tuesday as investors gave a mixed reaction to a wave of blue-chip corporate earnings. London's FTSE 100 index was just 0.1% higher at 6,275 within the opening hour, with shares of ARM Holdings and GKN rising ...
FTSE rises as Apple cheer outweighs China slowdown  Citywire.co.uk
FTSE 100 rebounds, GKN gains after results  Yahoo News UK
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GKN hit by strong pound
GKN posted a fall in third-quarter sales on Tuesday after the British component maker was hit by a strong pound and falling commodity prices.
UPDATE: GKN Reports Profit Rise Despite Sterling Hit To Revenue  London South East
GKN reassures on 2014 growth, shares rise  Daily Mail
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InterContinental Hotels enjoys best growth for two years
Global hotelier InterContinental Hotels has reported its best room revenue growth in more than two years, boosted by an uptick in all four of its regions.
UPDATE 1-InterContinental Q3 revenue rise best in over 2 years  Reuters
UPDATE: InterContinental Hotels Posts Best RevPAR Growth In Two Years  London South East
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UPDATE 1-New William Hill CEO enjoys strong start to reign
... * Q3 operating profit jumps 89 percent. * Net revenues climb 23 percent in the period. * Sees 2014 operating profit at top end of forecast range (Adds shares, analyst comment).
William Hill Profits Rocket 89% on World Cup Boost  International Business Times UK
World Cup drives revenues at William Hill  Financial Times
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FTSE 100 revives but Reckitt drops after disappointing update
Leading shares are attempting a revival, but with a number of companies issuing updates, some of them have been badly received. Reckitt Benckiser has dropped 90p to �50.25 after the Cillit Bang and Dettol group unveiled a lower than expected 2% rise in ...
Reckitt share price slides on weaker-than-expected Q3 trading  iNVEZZ
UPDATE 2-Reckitt Benckiser sales hurt by sluggish markets  Reuters
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