Company news from ShareCast
Amazon's CEO pockets almost $3bn as shares surge 15%
Fri 30 January 2015 20:25
Shares in Amazon rose over 14% on Friday and the surge has boosted the online retailing giant's market value by about $16.5bn
Deloitte appeal against MG Rover misconduct charges is successful
Fri 30 January 2015 17:14
Accounting firm Deloitte has had a series of misconduct rulings successfully overturned.
FCA launches probe into Deutsche Bank's London office
Fri 30 January 2015 15:44
The Financial Conduct Authority (FCA) has opened an investigation into the London office of German bank Deutsche Bank over governance and controls concerns.
Vedanta Resources reports drop in Q3 earnings amid weak commodity prices
Fri 30 January 2015 09:31
Vedanta Resources said it was reviewing its operating and capital spending plans as it reported an 11% fall in third quarter core earnings.
Morgan Advanced Materials reveals new CEO Paul Raby
Fri 30 January 2015 08:24
Morgan Advanced Materials (MGAM) has appointed a new chief executive officer (CEO), Pete Raby.
BT reveals plans to pay down £7bn pension deficit, upgrade fibre network
Fri 30 January 2015 08:11
Telecoms giant BT reported a solid rise in profits in its third quarter, as it announced a new 16-year "recovery plan" to pay down its expanding pension deficit.
Qatar Airways acquires 9.99% stake in IAG
Fri 30 January 2015 07:32
Qatar Airways has acquired a 9.99% stake in International Airlines Group (IAG), according to statement released on Friday.
Amazon shares rise 5% after earnings top forecasts
Thu 29 January 2015 21:10
Amazon shares rose 5% late on Thursday, after earnings topped forecasts.
Google shares fall after earnings and revenue miss target
Thu 29 January 2015 21:08
Google shares fell over 2.5% after the bell on Thursday after earnings and revenue missed target.
Friday preview: Eurozone consumer price data in focus
Thu 29 January 2015 16:15
The Eurozone is expected to have entered further into deflation in January, adding pressure on the European Central Bank (ECB) after it launched a major quantitative easing (QE) package.
Alibaba plunges after revenue misses forecast
Thu 29 January 2015 14:18
Despite beat earnings forecasts, Alibaba shares fell over 7% before the bell on Thursday, after the group reported its third quarter sales rose less than expected.
National Express announces new finance director
Thu 29 January 2015 13:49
National Express announced the appointment of its new finance director.
Paypoint on track to meet FY expectations after increase in transaction volumes and revenue edge higher
Thu 29 January 2015 12:53
Consumer payment system providers Paypoint said it expects to meet market expectations for the year in the wake of an increase in transaction volumes and revenue.
Euromoney quarterly revenue falls as commodity weakness weighs
Thu 29 January 2015 12:30
Weak commodity prices and pressure on the investment banking business saw first quarter revenue decline at business media group Euromoney Institutional Investor.
Great Portland Estates rental and capital values continue growth in run up the general election
Thu 29 January 2015 12:13
Great Portland Estates continued along its trajectory of strong organic growth in both rental and capital values in the third quarter of its financial year.
Sky reaches agreement with Telefonica UK to launch mobile service
Thu 29 January 2015 12:09
Telecom giant Sky has reached a multi-year deal with mobile operator Telefonica UK, better known in the UK as O2, to add mobile voice and data services to its portfolio.
De La Rue CFO to step down, as firm maintains guidance
Thu 29 January 2015 11:34
Colin Child, the finance director of banknote printing firm De La Rue, has announced he will step down from his role.
Lonmin to cut spending and maintain production target in 2015
Thu 29 January 2015 11:18
Platinum producer Lonmin said it will cut spending in 2015, as it aims to fight low metal prices, but promised to maintain its annual production target.
Shares in Asos decline after chief executive sells stake worth £20m
Thu 29 January 2015 11:13
Shares in online fashion retailer Asos declined on Thursday after chief executive Nick Robertson sold £20.2m worth of shares, reportedly in order to pay a "big tax bill".
Cranswick brings home the bacon with Christmas trading
Thu 29 January 2015 11:12
Pork processor Cranswick's third-quarter trading statement revealed an improvement on last year's sales, attributed to sales growth from fresh pork.
RPC Q3 adjusted operating profit "significantly ahead" than last year
Thu 29 January 2015 10:59
Packaging firm RPC Group said its adjusted operating profits for the third quarter were "significantly ahead" of the corresponding period the year before.
Renishaw H1 profits soar 121% thanks to metrology division
Thu 29 January 2015 10:12
British engineering company Renishaw saw its half-year profits more than double following an increase in machine tool orders from Far East customers in its industrial metrology division.
Polymetal grows production but weak commodity prices hit FY revenue
Thu 29 January 2015 10:09
Russian precious metals miner Polymetal said its fourth-quarter and annual output and sales rose, but weaker commodity prices dampened full-year revenue.
Kaz Minerals full-year output in line with guidance
Thu 29 January 2015 09:43
Copper miner Kaz Minerals said it has met its annual production target, having produced 83,500 tonnes in 2014.
Soco International slashes 2015 expenditure budget, shares drop
Thu 29 January 2015 09:28
Oil firm Soco International revealed on Thursday that it has slashed its investment budget by more than 60% from 2014 to 2015 and will be re-assessing its asset portfolio.
Rank Group turns losses into profits during second-half
Thu 29 January 2015 09:09
Gambling and leisure business Rank Group saw its profits before tax rise during the second half of the year ended in December.
Ocado unveils plans to open fourth distribution centre
Thu 29 January 2015 09:07
Online supermarket Ocado has agreed a deal to set up a fourth major distribution centre, as it aims to satisfy increasing demand for online grocery shopping.
3i Group lifts NAV but bemoans full pricing as it invests in Christ jeweller
Thu 29 January 2015 09:01
Despite its continuing concern about Europe's economic and political environment and full pricing, private equity investor 3i group enjoyed a busy final quarter of the year and said its portfolio remains well positioned and continues to perform strongly.
Mitchells & Butlers sales fattened by food volumes but margins undercooked
Thu 29 January 2015 08:08
Pub group Mitchells & Butlers, operator of such chains as Harvester, All Bar One, Nicholson's and O'Neill's, served up stronger sales since its September year-end but at the expense of margins.
British American Tobacco unveils three new non-executive directors
Thu 29 January 2015 07:46
British American Tobacco has unveiled the appointment of its latest batch of non-executive directors.
Diageo delivers stronger second quarter and says "momentum" brewing
Thu 29 January 2015 07:40
After a bad start to its financial year, drinks giant Diageo delivered a much improved performance in the second quarter with stronger net sales, volumes and margins, though first-half results saw earnings suffer a double-digit drop but the dividend hiked
Royal Mail chairman delivers resignation
Thu 29 January 2015 07:30
Royal Mail chairman Donald Brydon will step down later this year, the company has revealed.
Shell misses Q4 profits forecasts and slashes $15bn from spending
Thu 29 January 2015 07:01
Oil major Shell said it is looking to reduce costs and lower investment in 2015 in response to the collapse in crude prices, cutting $15bn from its potential spending over the next three years.
Facebook earnings and revenue top analysts' estimates
Wed 28 January 2015 21:10
An increase in mobile usage and ad revenues saw Facebook post better-than-expected fourth quarter earnings.
Telefónica acquires 3% share in digital services firm Indra
Wed 28 January 2015 17:52
Even as Telefónica continued talks to sell off its UK unit O2 to Hutchison Whampoa, the Spanish telecommunications giant made a move to pick up a 3% share in Indra.
Thursday preview: Diageo reports half year amid tough trading conditions
Wed 28 January 2015 16:29
Drinks maker Diageo is expected to report a slump in half-year interims on Thursday, reflecting weak sales in Asia.
KCG to sell Hotspot to BATS Global Markets for $365m
Wed 28 January 2015 15:20
Financial services provider KCG has agreed to sell its FX trading division, KCG Hotspot, to BATS Global Markets for $365m.
H&M posts strong interim results thanks to "well-received" collections
Wed 28 January 2015 14:35
High-street retailer H&M said 2014 was a "very good year" for the business as sales in constant currencies increased by 14%.
FXCM to forgive clients who incurred in losses after SNB's decision
Wed 28 January 2015 14:27
Foreign exchange market broker FXCM will forgive approximately 90% of its client who suffered losses as a result of the Swiss National Bank's (SNB) decision to remove its currency cap on the franc.
Saga acquires Bennetts for £26.3m
Wed 28 January 2015 10:52
Financial services provider Saga has reached a deal to buy motorbike insurer Bennetts for £26.3m in cash.
Brewin Dolphin warns market volatility limiting top-line growth
Wed 28 January 2015 10:15
Fund manager Brewin Dolphin reported a 3% increase in funds under management (FuM) during its first quarter but saw a sharp decline in commission income on the back of tough market conditions.
Nostrum Oil & Gas' production will remain flat until 2017
Wed 28 January 2015 10:12
Nostrum Oil & Gas said production will remain subdued over the next two years, due to the construction of a new gas plant to be completed in 2017.
Antofagasta expects weaker output increase in 2015
Wed 28 January 2015 09:53
Mining group Antofagasta reported its annual output for 2014 was in line with its guidance but added it expected a smaller-than-expected increase in production this year.
Intermediate Capital Group impresses with strong inflows and outlook
Wed 28 January 2015 09:46
With third-quarter net inflows and assets under management (AUM) above target, asset manager Intermediate Capital Group (ICG) reported a positive outlook for its investment pipeline and a "very strong fundraising environment" ahead.
Anglo American production declines and impairments planned
Wed 28 January 2015 09:21
Production in the fourth quarter generally declined at Anglo American as the mining giant warned that crumbling commodity prices would lead to impairment charges in its full year results.
Experian surprises with share buyback and new dividend ratio
Wed 28 January 2015 09:17
Credit checking group Experian has announced a $600m share buyback and made positive noises about growing its dividend, hidden among details of an investor seminar to be held on Wednesday afternoon.
3i Infrastructure generates exceptional return but warns "challenges" continue
Wed 28 January 2015 09:16
Investment trust 3i Infrastructure said it continued to perform well during the last quarter after selling its major UK rolling stock investment, but warned the continued rise in infrastructure prices made it ever more challenging to find new investment o
Apple Watch launch set for April 2015, says CEO Tim Cook
Wed 28 January 2015 09:04
The Apple Watch will be available to the mass population in April according to chief executive officer (CEO) Tim Cook.
AG Barr sales fizz higher in fourth quarter
Wed 28 January 2015 07:55
Stronger sales in the final few months of the year enabled Scottish soft drinks maker AG Barr to just about hit full year targets after a slowdown in the previous quarter.
Fresnillo beats gold and silver production guidance, expects growth in 2015
Wed 28 January 2015 07:19
Mexican precious metals group Fresnillo beat forecasts with its silver and gold production in 2014 and said it expects to grow output this year.
Severn Trent reveals new dividend policy, cuts payout for next year
Wed 28 January 2015 07:07
In accepting the final determination from the water industry regulator, Severn Trent has cut its dividend for next financial year but plans a £100m share buy-back programme to reduce its gearing ratio.
Sage Group makes "solid start" as Q1 organic revenues rise 5.3%
Wed 28 January 2015 07:02
Business management software group Sage said it made a "solid start" to the new financial year and remains on track to hit its growth targets.
Apple soars as Q1 earnings and revenue beat expectations
Tue 27 January 2015 21:38
Apple shares rose 5% in after-hour trading after the tech giant's first quarter earnings beat Wall Street's expectations.
Waitrose to open 14 stores and create 2,000 jobs
Tue 27 January 2015 19:38
Supermarket chain Waitrose has confirmed plans to open an additional 14 stores in the UK, which would create 2,000 jobs.
EDF the latest of Big Six to cut energy bills
Tue 27 January 2015 18:54
Energy firm EDF Energy has become the latest of the Big Six energy suppliers to agree to price cuts, after saying it would cut its tariffs by 1.3%.
Wednesday preview: Federal Reserve expected to reiterate plans for mid-2015 rate hike
Tue 27 January 2015 16:36
The Federal Reserve on Wednesday announces its latest interest rate decision following a two-day meeting.
QinetiQ appoints Wadey as new CEO
Tue 27 January 2015 16:30
Defence technology group QinetiQ Group has appointed Steve Wadey as its new chief executive (CEO) to replace Leo Quinn on Monday.
Britvic holds on to guidance despite "challenging" Q1, shares rise
Tue 27 January 2015 15:50
Soft drinks manufacturer Britvic reassured investors on Tuesday by maintaining its full-year profit guidance in spite of "challenging trading conditions" in core markets during its first quarter.
Unrest in Nigeria hurts PZ Cussons' H1 profit and revenue
Tue 27 January 2015 15:09
Political tension in Nigeria and the devaluation of the local currency hit first half profit of soap maker PZ Cussons.
Crest Nicholson to increase shareholders payout after strong demand boost profit
Tue 27 January 2015 14:46
Housebuilding group Crest Nicholson announced it would increase shareholders payouts after its pretax profit rose 34% for the year to end October, buoyed by strong demand.
Bankruptcy proceedings underway for Boston Prime and BT Prime
Tue 27 January 2015 13:54
The aftermath of the Swiss franc debacle continued to unfold as company representatives from Boston Prime and BT Prime confirmed bankruptcy proceedings were being carried out.
Marston's enjoys strong Christmas and New Year period in all divisions
Tue 27 January 2015 12:18
Pubs and brewing group Marston's said its financial year has been "encouraging" thanks to a strong Christmas and New Year period.
IBM denies reports of cutting quarter of global workforce
Tue 27 January 2015 11:16
IBM has denied a report it plans to slash 110,000 jobs as part of a major transformation at the tech giant.
Entertainment One's sales ahead of targets with strong Peppa Pig franchise and TV growth
Tue 27 January 2015 10:30
Entertainment One expects full year earnings to beat expectations after its Peppa Pig franchise brought home the bacon in the retail sector.
Foxtons turnover hit by 'subdued' London market
Tue 27 January 2015 10:08
Estate agency Foxtons Group said its turnover during the last quarter of the year was down 12.1% due to a reduction in property sales commission.
Afren sees shares plunge after saying it needs to raise funds
Tue 27 January 2015 10:00
Afren's shares plummeted after the oil company revealed it needs to raise funds in excess of its market capitalisation to avoid running out of cash amid falling oil prices.
British Land enjoys strong quarter driven by good retail space sales
Tue 27 January 2015 09:10
Property development and investment group British Land said it saw strong demand in retail space during its third quarter to December.
National Grid cancels publication of interims following FCA ruling
Tue 27 January 2015 08:21
National Grid said it has ceased publication of its first and third quarter results after the UK regulator removed a rule that required companies to release interim statements.
United Utilities targets same dividend growth as SSE
Tue 27 January 2015 08:00
Water company United Utilities has targeted dividend growth of at least inflation as recorded by the Retail Price Index going forward, matching its peer firm SSE.
Easyjet impresses with positive outlook after strong first quarter
Tue 27 January 2015 07:52
Shares in Easyjet ascended on Tuesday after the British budget airline said it now expects an increase in revenues per seat in the first half.
Aer Lingus willing to recommend improved €1.36bn takeover offer from IAG
Tue 27 January 2015 07:27
Dublin-based airline Aer Lingus has said it would be willing to recommend a sweetened €1.36bn takeover offer from IAGto its shareholders.
Meggitt wins $19m contract to supply cabin surveillance
Tue 27 January 2015 07:16
Aerospace firm Meggitt will supply the cabin surveillance system for Embraer's E-Jets E2 in a deal worth $19m.
Microsoft Q2 results in line with expectations but shares fall
Mon 26 January 2015 21:31
Microsoft shares fell over 2% in after-hour trading on Monday, even if the firm announced its second quarter earnings per share met analysts' expectations.
IBM dismisses layoff rumours
Mon 26 January 2015 19:34
IT giant IBM has dismissed rumours that it was poised to slash its global workforce by a quarter.
Tuesday preview: Preliminary fourth quarter GDP numbers in focus
Mon 26 January 2015 15:50
Trading on Tuesday will likely be restrained ahead of Wednesday's US Federal Reserve monetary policy meeting.
BAE wins $146.7m five-year deal with US Navy
Mon 26 January 2015 15:42
Defence group BAE Systems has won a five-year contract with the US Navy's Naval Air Systems Command (NAVAIR) worth $146.7m (£97.5m).
UK dividend payouts to increase in 2015, boosted by surging dollar
Mon 26 January 2015 15:26
Companies in the UK are set to pay out more on dividends this year, according to Capita's January dividend monitor, with Big Oil remaining a sector where the dividend is sacrosanct.
Old Mutual ups stake in East African insurance company
Mon 26 January 2015 14:06
Investment and banking group Old Mutual has increased its stake in a East African insurance company.
Balfour Beatty wins preferred-bidder status on £120m deal
Mon 26 January 2015 10:57
Balfour Beatty has revealed itself as the "preferred bidder" on a £120m, 50-year residential contract with the University of Sussex.
LondonMetric focuses on retail in the third quarter
Mon 26 January 2015 10:17
LondonMetric continued to ride the e-commerce wave in the third quarter in a shift towards retail that the property investor expects to pay off in the coming year.
Vodafone and Japan's NTT Docomo extend coverage in Asia Pacific
Mon 26 January 2015 08:05
Vodafone and Japanese mobile phone operator NTT Docomo took the next step in their strategic partnership on Monday with a new partner market agreement for Guam and the Commonwealth of the Northern Mariana Islands (CNMI).
Rolls-Royce breaks into market for Chinese locomotives exports
Mon 26 January 2015 08:01
Rolls-Royce has been awarded a contract to supply engines for major Chinese locomotive manufacturer CNR Dalian, marking its entry into that country's market for freight locomotives for export.
Petra Diamonds warns of full year profit concerns
Mon 26 January 2015 07:57
Diamond mine operator Petra Diamonds saw sales jump by 16% in the first six months of the year, to reach $214.8m, but warned that it may not meet analysts' expectations for full-year profits.
Shire target NPS Pharma wins FDA approval for Natpara
Mon 26 January 2015 07:16
Shire has hailed the regulatory approval of a rare disease drug created by NPS Pharmaceuticals, a firm that the FTSE 100 group is currently in the process of acquiring, and received good news about one of its own drugs.
SSE cuts gas prices 4.1% from end-April
Mon 26 January 2015 07:10
Energy supplier SSE has announced a 4.1% cut to its gas prices from 30 April and said its full-year results would be in line with expectations but warned of continuing challenging business conditions in its new financial year.
Sports Direct plans expansion of UK business
Sun 25 January 2015 18:14
Sports Direct was making headlines over the weekend as its plans to expand its UK business were revealed.
Sky weighs up potential tie-up with merger of O2 and Three
Sun 25 January 2015 17:45
Broadcasting giant Sky is said to be mulling over plans to create a mobile phone service through a business partnership with the company resulting from the potential merger of Three and O2.
Aer Lingus to accept latest takeover bid from IAG
Sun 25 January 2015 17:32
IAG, the owner of British Airways, will reportedly announce that Irish airline Aer Lingus has accepted its recent takeover bid.
GSK's Ebola vaccine shipped to Liberia for first large-scale trials
Fri 23 January 2015 12:55
GlaxoSmithKline's (GSK) Ebola vaccine has been shipped to Liberia for first large-scale trials.
Big four supermarkets will cut small brands and back big names, says Premier Foods CEO
Fri 23 January 2015 11:42
Premier Foods, of Mr Kipling cake fame, is about to win more shelf space in the battle of the 'big four' supermarkets, according to chief executive Gavin Darby.
UK retail sales post unexpected increase in December
Fri 23 January 2015 09:35
British retail sales registered an unexpected rise in December, boosted by an increased demand for fuel and steady sales over Christmas.
Ultra Electronics confirms termination of Oman airport IT contract
Fri 23 January 2015 08:18
Ultra Electronics, the UK defence, security, energy and transport group, has confirmed that its IT contract with Oman airport has been scrapped.
Carillion wins £200m prison contract with MoJ
Fri 23 January 2015 07:49
Construction and support services group Carillion has won two contracts worth a combined £200m to provide facilities management services for UK public-sector prisons.
Close Bros' performance steady despite challenging market conditions
Fri 23 January 2015 07:10
Banking group Close Brothers said its banking and asset management divisions performed well in the five months to 31 December, but its securities business struggled.
EnQuest shares soar as oil firm cuts capex, lenders relax debt covenants
Fri 23 January 2015 07:05
Shares of EnQuest surged on Friday after the oil and gas group said its financial position "remains resilient" despite the recent collapse in crude prices, after it renegotiated credit facilities with its lenders and cut spending for this year.
Spectris acquires US-based ReliaSoft for £28m
Fri 23 January 2015 07:02
Instrumentation and controls developer Spectris has acquired US-based ReliaSoft for approximately £28m in cash.
Hutchison Whampoa to buy O2 from Telefonica for £10bn
Thu 22 January 2015 21:37
Britain's second-biggest mobile provider O2 is in talks to be purchased by Three mobile network owner Li Ka-shing for up to £10.25bn.
Royal Mail still under pressure, despite positive Christmas
Thu 22 January 2015 20:17
Moya Greene, the chief executive of Royal Mail, has said the firm remained under pressure, despite a 4% rise in parcel deliveries during the Christmas season.
RBS to refer rejected business loan applicants to peer-to-peer lending
Thu 22 January 2015 16:43
Royal Bank of Scotland (RBS) has announced it will start to suggest peer-to-peer lending to rejected business loan applicants.
CRH confirms talks to acquire Lafarage, Holcim assets
Thu 22 January 2015 16:27
Dublin-based building materials group CRH has confirmed speculation that it could buy some of Lafarge and Holcim's assets ahead of their proposed merger.
Friday preview: Manufacturing PMIs, UK retail sales figures, US existing homes sales data
Thu 22 January 2015 15:56
A slate of manufacturing data in the Eurozone, China and US will flood Friday's agenda.
Rexam acquires 51% of United Arab Can Manufacturing Limited
Thu 22 January 2015 15:03
Beverage can maker Rexam has completed the acquisition of a 51% stake in beverage can maker United Arab Can Manufacturing Limited.
John Laing Infrastructure Fund purchases remaining 20% in Kirklees Social Housing
Thu 22 January 2015 14:54
John Laing Infrastructure Fund (JLIF) has agreed a deal to purchase the remaining 20% of the Kirklees Social Housing project.
Drax rises after EU approves state aid for MGT Power
Thu 22 January 2015 14:20
The European Union has given the green light for the UK government to provide financial aid to MGT Power's biomass power station in the North East of England.
Countrywide full year results in line despite London housing slowdown
Thu 22 January 2015 12:06
Countrywide has reported numbers of house exchanges dropped by 2% and 14% in the prime London regions in the fourth quarter but full year results for the property services group are expected to remain in line with expectations.
Workspace posts positive quarter results thanks to rental growth
Thu 22 January 2015 12:04
Office space provider Workspace Group said it enjoyed a good quarter of rental growth during the last quarter of the year.
Card Factory delivers solid sales growth, but shares pull back
Thu 22 January 2015 11:09
Card Factory said it continued to perform well as it neared the end of its financial year, though shares dropped sharply on Thursday as investors took profits following a steady rise in the stock since its flotation last May.
Inmarsat to launch second Global Xpress satellite in early February
Thu 22 January 2015 10:51
Inmarsat will launch its second Global Xpress (GX) satellite, providing high-speed mobile broadband, on 1 February using a Proton launch vehicle, only two days later than had been expected.
Paragon Group of Companies Q1 results in line with expectations
Thu 22 January 2015 09:48
Specialist lending firm Paragon Group of Companies said its performance remained "strong" during the first quarter of the financial year. with results in line with forecasts.
Playtech full-year results in line with expectations after strong quarter
Thu 22 January 2015 09:18
Playtech said it continued to perform "strongly" during the last quarter and expects full-year results to be in line with expectations.
St James's Place funds under management rise to £52bn in 2014
Thu 22 January 2015 08:59
St James's Place (SJP) saw a 17% boost in funds under management in 2014 to a record £52bn, thanks to better than expected investment performance, analysts at Numis pointed out.
Oxford Instruments warns on profits due to tightened Russia sanctions
Thu 22 January 2015 08:35
Oxford Instruments has warned that profit for the full year will be around 24% below market expectations and will also suffer next year due to tighter European trade sanctions against Russia.
Wolseley contemplates selling French business arm
Thu 22 January 2015 08:16
Wolseley has "decided to explore exit options" for its remaining building materials business in France, where trading has been more difficult, according to a statement released on Thursday.
Tullow Oil delivers positive update on drilling onshore Kenya
Thu 22 January 2015 08:00
Tullow Oil has delivered a mostly positive update on its drilling activities onshore Kenya, with testing on a number of wells showing the presence of hydrocarbons.
EU accepts Astrazeneca's application for marketing gout treatment
Thu 22 January 2015 07:59
The European medicine regulator has approved AstraZeneca's application to market its lesinurad 200mg tablets for gout.
Balfour Beatty slashes guidance, cancels buyback and reviews dividend after KPMG review
Thu 22 January 2015 07:10
Infrastructure group Balfour Beatty has slashed its expectations for 2014 UK construction profits by a further £70m, cancelled a proposed share buyback and cast doubts over its future dividend after a review of the business by advisers KPMG.
British American Tobacco welcomes three new board directors
Thu 22 January 2015 07:05
British American Tobacco confirmed on Thursday that three new members will join its board as non-executive directors.
Royal Mail hails volume increase, but parcel competition limits revenue growth
Thu 22 January 2015 07:03
Royal Mail said it expects to meet its forecasts after a "busy festive period" with parcel numbers up 4% at 120m in December alone, though revenue growth was held back by ongoing competition across the industry.
eBay to cut 7% of staff
Wed 21 January 2015 21:39
eBay said it will cut over 2,400 positions, representing about 7% of its total workforce, the e-commerce firm said on Wednesday.
American Express Q4 earnings and revenue slightly above expectations
Wed 21 January 2015 21:17
American Express rose 0.26% in after-hour trading after announcing its fourth quarter earnings slightly beat analysts' expectations.
Uber plans to raise $1.6bn in convertible debt to finance expansion
Wed 21 January 2015 20:22
Car-booking firm Uber has reportedly raised $1.6bn in convertible debt from Goldman Sachs Group.
FXCM revises margin requirements for FX and gold
Wed 21 January 2015 19:50
Online foreign exchange provider FXCM announced on Wednesday that it will increase margin requirements on forex instruments worldwide, as well as gold in its overseas jurisdiction.
WhatsApp to be made available on desktop
Wed 21 January 2015 19:28
A web client for Chrome and Android launched on Wednesday will make mobile messaging WhatsApp available to desktop in the near future.
Windows 10 will 'win back customers' says Microsoft's CEO, as company unveils new OS
Wed 21 January 2015 18:31
Satya Nadella, Microsoft's chief executive, said the firm will use its Windows 10, its new operating system (OS) to regain customers.
Ofgem launches probe into SSE
Wed 21 January 2015 16:58
The energy regulator Ofgem is launching an investigation into energy firm SSE amid concerns it limits competition in the electricity connections market.
Ryanair announces four new routes from Stansted and increases flights to Glasgow and Edinburgh
Wed 21 January 2015 16:04
Budget airline Ryanair announced on Wednesday that it would open six new routes from London Stansted Airport.
Hochschild's 2014 production above expectations, hedges below spot prices
Wed 21 January 2015 15:10
Silver miner Hochschild said production exceeded expectations in 2014 and that it hedged 6m ounces of silver over the past 12 months.
Computacenter in line with expectations despite challenging French market
Wed 21 January 2015 14:48
IT services company Computacenter said its full-year results were in line with expectations despite to the strength of sterling against the euro during 2014.
Riverstone Energy contributes to £255m investment in Western Canadian oil
Wed 21 January 2015 14:15
Riverstone Energy, the listed London arm of giant private equity investor Riverstone Holdings, will invest C$75m (£41) as part of the C$465m funding of a new Canadian oil and gas company.
Thursday preview: How to judge the ECB's QE if it arrives
Wed 21 January 2015 14:00
The principal focus of markets around the globe on Thursday will be the European Central Bank's (ECB) widely anticipated unveiling of sovereign quantitative easing (QE).
Diploma acquisitions boost first-quarter growth, but currencies hit
Wed 21 January 2015 13:42
A first-quarter update from Diploma was solid but slightly shy of some analyst forecasts, with currency movements also hitting top-line numbers.
Cairn Energy cuts investment costs for the next two years
Wed 21 January 2015 11:57
Cairn Energy reduced its capital costs to $380m for the next two years after it concluded its farm out agreement in the Catcher development in North Sea.
Pets at Home revenues surge alongside dog grooming demand
Wed 21 January 2015 11:55
Pets at Home has revealed that the increasing popularity of dog grooming services, products and accessories bolstered revenue in the 3 months to 1 January 2015.
FirstGroup reassures with UK bus and US student turnaround
Wed 21 January 2015 11:46
Although its US Greyhound bus services suffered from increased competition, FirstGroup revealed a largely reassuring third-quarter update with full-year performance likely to be in line with expectations.
WH Smith high street sales down, but "in line with plan"
Wed 21 January 2015 10:04
WH Smith shares were down after it reported a decrease of 2% in like-for-like sales during the last 20 weeks.
Dominos confirms CFO resignation, predicts 'marginal' raise in profits before tax
Wed 21 January 2015 09:44
Dominos Pizza Group has confirmed the resignation of its chief financial officer (CFO) and executive director Sean Wilkins.
Poundland revenues grow over Christmas despite "tough conditions"
Wed 21 January 2015 09:15
British discount retailer Poundland Group has reported an increase in revenues of 10.2% during the third quarter of its financial year despite "tough conditions".
Afren in talks with lenders, looks to cut costs and spending plans
Wed 21 January 2015 09:01
Shares in Afren plunged further on Wednesday after the oil and gas group warned overnight that it was in discussions with its lenders and looking to slash costs and spending plans.
Halfords on right track ahead of Davies departure as sales beat consensus
Wed 21 January 2015 08:45
Ahead of the summer departure of chief executive Matt Davies, bikes and car parts retailer Halfords showed it is on a steady course after a strong performance in the third quarter.
Land Securities benefits from London store space shortage in third quarter
Wed 21 January 2015 08:23
Land Securities said rental values in London are rising due to a shortage of new commercial spaces.
Workspace spends £31m on two central London properties
Wed 21 January 2015 07:55
Workspace Group has put its recently raised funds to quick use with the acquisition of two London buildings that it said were in areas of strong demand and will enhance earnings.
JD Wetherspoon sales slow and margins tighten in second quarter
Wed 21 January 2015 07:46
Sales have continued to slow and margins tighten at JD Wetherspoon in December and January, with the pubs group reporting like-for-like sales growth more than halved in recent weeks compared to the first quarter.
Pearson projects rising profits, 2014 guidance maintained
Wed 21 January 2015 07:34
Financial Times owner and education publisher Pearson has projected rising profits this year as it kept its guidance for full-year earnings in 2014.
SABMiller suffers from China weakness in third quarter
Wed 21 January 2015 07:18
Despite a 4% increase in group net producer revenue (NPR) in the third quarter, SABMiller suffered more difficult trading conditions in China and North America that held back overall performance.
BHP Billiton to cut rig numbers after oil price plunge, group output rises in H1
Wed 21 January 2015 07:13
Mining giant BHP Billiton saw group production rise 9% during the first half, with records achieved for eight operations and five commodity classes.
Dixons Carphone raises profit guidance after happy Christmas
Wed 21 January 2015 07:10
After a strong Christmas trading period saw sales increase at stable margins, Dixons Carphone has increased its guidance for full year profits.
Orbitz Worldwide open to explore sale
Tue 20 January 2015 19:01
Online travel agent Orbitz Worldwide is reportedly exploring a sale and has already reached out to potential buyers.
Kirkland Lake Gold reports successful exploration process at Macassa
Tue 20 January 2015 16:45
Canadian miner Kirkland Lake Gold said its exploration proceess in the South Mine Complex (SMC) at its Macassa mine in Canada was successful.
Wednesday preview: Bank of England releases minutes of policy meeting
Tue 20 January 2015 16:41
The Bank of England (BoE) on Wednesday releases minutes of its last meeting, potentially offering further insight on the central bank's decision to keep policy unchanged.
Babcock International extends EDF nuclear contract
Tue 20 January 2015 14:52
Engineer Babcock International has won an extension to its contract to service EDF Energy's nuclear power stations in the UK.
Dairy Crest not sour after Morrisons skims supply agreement
Tue 20 January 2015 14:50
Milk products producer Dairy Crest Group has lost a third of its fresh milk supply contract with WM Morrison Supermarkets as the deal was extended for a further three years.
Eagle Eye Solutions flies after better-than-expected interim sales
Tue 20 January 2015 12:13
Eagle Eye Solutions, the digital marketing venture where ex-Tesco chief Sir Terry Leahy sits on the board, said it has exceeded internal expectations for the first half of the year by delivering a 276% increase in revenues.
3i Infrastructure sells Eversholt Rail stake to Hong Kong for healthy premium
Tue 20 January 2015 10:34
3i Infrastructure has agreed to sell its entire stake in major UK passenger and freight rolling stock owner Eversholt Rail for £358m to a Hong Kong infrastructure investor.
WS Atkins CEO joins Aggreko's board
Tue 20 January 2015 10:13
Aggreko has appointed the chief executive of WS Atkins as a non-executive director.
Capita renews contract with Sheffield City Council
Tue 20 January 2015 10:02
Professional services company Capita won on Tuesday an extension of its seven-year contract with Sheffield City Council.
Afren dealt further blow as T5 denies bid rumours
Tue 20 January 2015 09:59
Shares in oil and gas group Afren have been hit by news that rumoured suitor T5 Oil & Gas is not interested in a takeover.
William Hill records 'best ever' operating profit despite punter's fourth quarter
Tue 20 January 2015 09:52
Full year results from William Hill jumped ahead of forecasts even though the bookmaker fell at a fourth quarter hurdle as football and horse racing results favoured punters.
Petrofac wins first phase of $4bn Kuwait Oil Company contract
Tue 20 January 2015 09:35
Oil and gas services group Petrofac has won a $4bn project for Kuwait's state oil company, having received an award notification for the first phase of the Lower Fars heavy oil development programme in the north of the country.
Stock Spirits shares down as Poland pain continues
Tue 20 January 2015 09:20
Stock Spirits Group said it expected full year results to be around the lower end of the range it outlined in November as it continued to experience supply chain disruption in Poland during the last quarter.
Sky and Liberty Global join race to buy O2 from Telefonica
Tue 20 January 2015 08:53
Sky has joined the throng of UK companies bidding to buy the UK mobile operator O2 from Spanish owner Telefonica, according to local media, with US media giant Liberty Global also apparently interested in a potential purchase.
IG Group's interims impress after record second quarter
Tue 20 January 2015 08:38
Forex and spread-betting provider IG Group posted a strong set of interim results, though the surprise actions of the Swiss National Bank last week caused a wave of client currency losses that led to a £30m hit on the company and have put this year's fin
Unilever misses targets and warns of softer first quarter
Tue 20 January 2015 07:57
Fast-moving consumer goods giant Unilever saw slower growth than expected in 2014, and warned the first quarter of 2015 would be softer than than last year but that growth would improve during the year.
Rio Tinto fourth quarter production disappoints
Tue 20 January 2015 07:45
Rio Tinto finished the year with weak fourth quarter results roughly in-line with expectations, with the Anglo-Australian mining giant's production of most metals down on the previous quarter.
LondonMetric acquires East London facility for £56.5m
Tue 20 January 2015 07:36
LondonMetric Property has acquired a East London distribution facility Eddie Stobart from Meaalofa Developments Holdings for £56.5m.
Balfour Beatty appoints new CFO Philip Harrison
Tue 20 January 2015 07:19
Infrastructure firm Balfour Beatty has appointed Philip Harrison as its new chief financial officer (CFO).
EE to refund customers after VAT overcharge
Mon 19 January 2015 18:26
Mobile phone operator EE has confirmed a "small" number of customers will be entitled to share a refund of approximately £1m after they were wrongly charged VAT.
Aviva could cut 1,500 jobs following Friends Life takeover
Mon 19 January 2015 16:11
Insurance company Aviva said it could cut 1,500 jobs following its £5.93bn planned takeover of Friends Life.
Tuesday preview: IG Group reports half year results
Mon 19 January 2015 15:21
IG Group reports its first half results amid reports that the spread betting firm took a hit from the Swiss National Bank's (SNB) shock policy decision.
Afren stabilises after Seplat wins takeover deadline extension
Mon 19 January 2015 14:59
Shares in FTSE 250 oil group Afren have been injected with new momentum after Seplat Petroleum Development, its Nigeria-based suitor, successfully applied for a 11-day deadline extension to agree a merger or takeover deal.
Beale to accept cut-price takeover offer from Perloff
Mon 19 January 2015 14:04
Department store operator Beales has reluctantly accepted a takeover offer from property entrepreneur Andrew Perloff.
Centrica's British Gas to cut household gas bills 5%
Mon 19 January 2015 11:11
British Gas, the UK energy supplier owned by Centrica, has promised to cut its residential gas prices by 5% due to the recent fall in wholesale prices.
Rating agency Moody's talks UK mobile consolidation
Mon 19 January 2015 10:22
After Monday's speculation that talks may take place between Telefonica and Hutchinson for the sale of O2UK to the latter, analysts at rating agency Moody's have responded.
Kier Group reveals it has won £145m in Middle Eastern contracts
Mon 19 January 2015 08:17
Construction firm Kier Group has won contracts in the Middle East worth more than £145m since the beginning of the calendar year.
Evraz reports drop in full-year production
Mon 19 January 2015 08:13
Evraz said full-year production was hurt by the disposal of the company's Vitkovice Steel in the Czech Republic and the shutdown of Evraz Claymont operations in the US.
Ferrexpo lowers costs but results hit by iron ore plunge
Mon 19 January 2015 07:57
Ukraine-focused iron ore producer Ferrexpo said revenues and profits for the first three quarters of 2014 were slightly behind the prior year, though results were slightly better than analysts had feared.
Pubs group Greene King delivers subdued Christmas update
Mon 19 January 2015 07:36
Pub operator and brewer Greene King said sales over the key Christmas period were "encouraging", though trading before and after the festive season was mixed.
Balfour Beatty wins £1.5bn contract for Scape Group national framework
Mon 19 January 2015 07:18
Infrastructure firm Balfour Beatty has been appointed sole contractor to a new £1.5bn framework that will run until February 2019.
Telefonica in talks with Hong Kong tycoon over sale of O2, reports claim
Sun 18 January 2015 18:45
Spanish telecommunications giant Telefonica has reportedly entered talks with Hong Kong magnate Li Ka-shing over a potential sale of O2.
Life sciences prove popular with venture capitalists
Sun 18 January 2015 18:26
UK companies focused on life sciences last year saw a 41% jump in venture capital (VC) funding, a report has claimed.
Trading in Jefferies' parent firm Leucadia halted pending news
Fri 16 January 2015 18:15
The 'after-effects' of the Swiss central bank's decision to unexpectedly end its three-year old policy of currency interventions continued to be felt in global capital markets on Friday evening, as trading in shares of the holding company Leucadia were ha
Interactive Brokers recovers from weakness after SNB decision
Fri 16 January 2015 17:00
Clients of Nasdaq-listed Interactive Brokers Group suffered approximately $120m in losses on Thursday as a result of the Swiss National Bank's (SNB) decision to suspend its policy of currency market interventions to limit gains in the country's currency.
FXCM in talks with Jefferies over $200m cash rescue, reports claim
Fri 16 January 2015 16:18
US retail foreign-exchange brokerage FXCM has entered discussions with Jefferies to raise $200m, according to new reports.
London Capital Group currency losses "not more than £1.7m" after Swiss exchange rate cut
Fri 16 January 2015 15:39
London Capital Group Holdings on Friday released a statement saying the impact on its finance from the Swiss exchange rate cut would "not exceed £1.7 million".
Alpari UK declares insolvency after Swiss franc surge
Fri 16 January 2015 13:30
Alpari UK has declared insolvency as a result of the losses incurred by clients following the surge in the Swiss franc on Thursday.
HSBC to investigate reports that Hong Kong customers benefited from Swiss franc error
Fri 16 January 2015 10:14
HSBC said it was investigating reports that customers in Hong Kong managed to buy the Swiss franc below market rates, due to a technical glitch.
Spectris like-for-like sales grow in Q4
Fri 16 January 2015 08:28
Instrumentation and controls developer Spectris saw full-year reported sales for 2014 fall 2% year-on-year because of acquisitions and strong currency headwinds, but registered underlying growth after a decent fourth quarter.
Synthomer on track for FY target as strong demand in Asia boosts Q4 trading
Fri 16 January 2015 08:07
Chemical firm Synthomer said that despite lower demand through November and December unit margins improved due to a decline in the price of raw materials.
Moneysupermarket sees Q4 slowdown but delivers double-digit full-year growth
Fri 16 January 2015 08:01
Increasing demand for price-comparison services resulted in a decent fourth-quarter performance from website group Moneysupermarket.com, though growth did tail off towards the end of the year.
JD Sports to beat profit forecasts after strong Christmas sales
Fri 16 January 2015 07:20
The chairman of JD Sports Fashion said he was "delighted" with the sportswear retailer's performance over Christmas as the company raised its profit outlook for the full year.
BP fine for Gulf of Mexico spill $4bn lower than expected
Fri 16 January 2015 07:14
Oil giant BP faces a maximum penalty $13.7bn under the Clean Water Act, after the District Court for the Eastern District of Louisiana ruling on the Deepwater Horizon case has found that 3.19m barrels of oil were discharged in the Gulf of Mexico in 2010.
Ernst & Young to replace PwC as Sainsbury's auditor from 2016
Fri 16 January 2015 07:02
Supermarket chain Sainsbury's said it intends to appoint Ernst & Young LLP as the group's auditor for the financial year ending 12 March 2016.
Afren shares surge as Seplat builds war chest for acquisitions
Thu 15 January 2015 17:30
The share price of FTSE 250 oil group Afren, which plummeted earlier in the week, soared late on Thursday after potential bidder Seplat secured the option to raise $700m of debt to fund acquisitions.
IG says currency losses "not more than £30m" after Swiss franc unpegged
Thu 15 January 2015 15:41
Spread-betting and CFD provider IG Group rushed out a statement after Switzerland's surprise scrapping of its currency peg against the euro to say the huge swings in the value of the Swiss franc and other currencies to say the impact on its finances would
Friday preview: Eurozone and US inflation data in focus
Thu 15 January 2015 15:17
A final revision on the Eurozone consumer price index (CPI) is expected to confirm deflation in December, adding pressure on the European Central Bank (ECB) to take more action.
Trading revenue decline hits Bank of America profit
Thu 15 January 2015 13:27
A decline in revenue from trading and lending saw Bank of America's fourth quarter profit sank 11% year-on-year, despite strong expense controls.
Rolls-Royce wins $1.1bn engine contract from Spanish carrier
Thu 15 January 2015 13:07
Engine maker Rolls-Royce has won a contract to provide $1.1bn worth of engines and long-term support services for new aircraft ordered by Spain's third largest airline.
RBS rocked by new loan mis-selling scandal, EFG compensations under review
Thu 15 January 2015 10:15
Another mis-selling scandal has engulfed Royal Bank of Scotland after it confessed to misleading some small business customers as part of the £2.3bn of loans the bank has made under the Enterprise Finance Guarantee (EFG) scheme.
Great Portland Lettings enjoys "successful" quarter due to strong lettings
Thu 15 January 2015 09:15
Great Portland Estates said it had a successful quarter to the end of December with 116,300 square feet of lettings.
HICL acquires further incremental investments for £8.1m
Thu 15 January 2015 09:06
Infrastructure investment company HICL Infrastructure has acquired further equity interests in two of its existing projects for £8.1m.
Bovis reports increase in profitability ahead of FY results
Thu 15 January 2015 08:36
An increase in the number of houses sold and a rise in the average sales price, saw Bovis Homes Group report improved profitability in 2014.
Vodafone's chief technology officer steps down
Thu 15 January 2015 08:09
Vodafone's chief technology officer Steve Pusey is retiring from the company on 31 July 2015, according to a statement on Thursday.
Booker resilient to food retail woe, but analysts disappointed
Thu 15 January 2015 08:06
Food wholesaler Booker continues to remain resilient to the struggles facing the wider food retail sector after delivering a solid increase in underlying sales in its third quarter.
Home Retail dashes hopes as Argos sales fall flat
Thu 15 January 2015 08:06
Citing a volatile trading environment, Home Retail assured that full year pre-tax profit remained on target despite flat sales at Argos falling short of City forecasts as Black Friday proved a disruptive force.
Savills lifts forecasts after strong December
Thu 15 January 2015 07:55
Strong performances across its businesses in December saw real estate advisor Savills revise its full year estimates upward.
Centamin appoints new CEO
Thu 15 January 2015 07:42
Andrew Pardey has been appointed as the new chief executive (CEO) of gold miner Centamin, the company said on Thursday.
Experian on track after flat revenue in third quarter
Thu 15 January 2015 07:18
Organic revenue for the three months to 31 December was flat at information services group Experian, in line with expectations as US consumer pain continued.
Tullow takes massive write-down as profits halve in 2014
Thu 15 January 2015 07:11
Tullow Oil said write-offs and impairment charges for 2014 would total billions of dollars after profits more than halved last year due to the collapse in crude prices.
Associated British Foods earnings warning sugared by Primark recovery
Thu 15 January 2015 07:08
Although its Primark retail division recovered strongly after a slow autumn, Associated British Foods warned of a "marginal" decline in full year earnings due to the strength of sterling coming on top of the expected large profit reduction at its sugar bu
Rexam announces Central America expansion
Thu 15 January 2015 07:01
Beverage cans producer Rexam has completed an investment in Envases Del Istmo SA (Endelis), a single line beverage can plant in Colón, Panama.
Tesco's credit rating downgraded to 'junk' by S&P
Wed 14 January 2015 15:49
Standard & Poor's has followed in the footsteps of fellow ratings agency Moody's as it downgraded its rating on Tesco's debt to the equivalent of 'junk'.
Thursday preview: Retail reports due from Primark and Argos owners
Wed 14 January 2015 15:26
In a quiet day for economic data, Thursday should see corporate announcements dominate the news, as blue chip stocks, Associated British Foods (ABF), Experian and Tullow are due to update the market on recent events, along with trading updates from Booker
Provident Financial full-year profits in line with expectations
Wed 14 January 2015 12:11
Provident Financial on Wednesday said it expects full-year results to be in line with expectations driven by strong growth in its Vanquis Bank.
Premier Oil driven to cut spending by 40% due to crashing oil prices
Wed 14 January 2015 11:23
Oil and gas explorer Premier Oil has been forced to cut spending on development to $600m and label its budget "subject to further review" due to plummeting oil prices.
Dechra Pharmaceuticals revenues rise on US expansion
Wed 14 January 2015 09:48
Veterinary drug maker Dechra Pharmaceuticals has unveiled a glossy-coated first-half trading update, in line with expectations following a year of expansion in the US.
Game Digital fizzles lower after overnight profit warning
Wed 14 January 2015 09:18
Video game and console retailer Game Digital, in an early Christmas trading update released after hours on Tuesday, warned that profits would be lower than it previously guided due to intense competition eroding hardware margins.
Ocado sales up 15% in December
Wed 14 January 2015 09:11
Online grocery specialist Ocado Group said gross sales were up 14.8% in December versus last year, the company said on Wednesday.
Just Eat delivers 50% orders increase
Wed 14 January 2015 08:23
Just Eat, the digital marketplace for takeaway food, said the number of orders it processed last year was 50% higher than the year before.
Cineworld expects annual profits to hit top end of forecasts
Wed 14 January 2015 08:16
Cineworld said it expects annual profits to reach towards the top end of market consensus, driven by a strong performance in the UK and Ireland.
British Land reassures about Cheesegrater bolts as leases reach 70%
Wed 14 January 2015 08:04
British Land said it has now agreed to fill 70% of The Leadenhall Building, known as the Cheesegrater, and has sought to reassure that three fractured bolts in the skyscraper were not affecting the structural integrity of the building.
AstraZeneca hails success in Brilinta cardiovascular trial
Wed 14 January 2015 08:02
A large-scale clinical trial of AstraZeneca's Brilinta tablets for patients with a history of heart attack has been successful in proving its effectiveness, the drug developer said.
Jupiter Fund Management disappoints with flat AuM growth
Wed 14 January 2015 07:59
A somewhat disappointing fourth-quarter trading update from Jupiter Fund Management showed market performance was the only contribution to moderate growth in funds under management.
Barratt Developments eyes 'significant' year as pipeline nears six-year high
Wed 14 January 2015 07:34
Following updates from several housebuilders since the start of the year, Barratt Developments followed suit and reported a strong performance in the six months to the end of December, saying it was on track for another "significant improvement" in its fi
Burberry sees growth accelerate in Q3, but Asia hit by Hong Kong slowdown
Wed 14 January 2015 07:22
Burberry said it delivered a "strong" performance in its third quarter with reported growth rates accelerating, but highlighted a slowdown in the high-margin market of Hong Kong.
Supergroup confident after strong Christmas online
Wed 14 January 2015 07:08
After a tortuous 2014, Supergroup finished the calendar year strongly under new chief executive Euan Sutherland with a Christmas trading period that underpinned its full year profit guidance.
Cairn Energy says 2015 focus on North Sea and Senegal
Tue 13 January 2015 15:57
FTSE 250 oil company Cairn Energy said 2015 will see it focus on its North Sea development projects and further exploration and appraisal offshore Senegal after slimming down staff numbers.
Sainsbury's to cut 500 jobs in discounter price war
Tue 13 January 2015 15:36
Sainsbury's will slash 500 jobs from store support centres in an effort to cut costs and compete with the discounters.
Wednesday preview: Barratt Developments update and US retail sales in focus
Tue 13 January 2015 15:28
Housing group Barratt Developments reports its half-year trading update amid signs of a cool down in the UK property market.
Galliford Try secures £31.2m construction project in Scotland
Tue 13 January 2015 15:14
Galliford Try's Scottish business Morrison Construction has secured a £31.2m contract to build a school in Cumbernauld, North Lanarkshire.
UK Mail results helped by City Link collapse
Tue 13 January 2015 14:11
Parcel and letter delivery group UK Mail said trading at its core businesses was in line with expectations during the third quarter of the year helped by the demise of its rival City Link.
Rathbone Brothers funds under management climb higher in Q4
Tue 13 January 2015 14:09
Although markets stumbled in the final few months of the year, funds under management (FUM) at wealth management group Rathbone Brothers continued to their serene march higher.
Ashmore suffers emerging market sell-off, warns recovery unlikely in short-term
Tue 13 January 2015 11:15
A sharp sell-off in December hit second-quarter figures for Ashmore Group, the emerging markets investment specialist, dragging assets under management (AuM) lower than analyst expectations.
Michael Page reports growth in all its markets
Tue 13 January 2015 11:09
Recruitment group Michael Page said it enjoyed a 12.9% profit growth during the last quarter of the year, with double digit contributions from all the regions where it operates.
Big Yellow Group reports loss in occupancy during third quarter
Tue 13 January 2015 10:27
Big Yellow Group reported an increase in revenues during the third quarter of the year despite a fall in occupancy.
Spire Healthcare expects positive maiden results
Tue 13 January 2015 09:18
Spire Healthcare Group said its revenues and profits for the first financial year as a public company have grown thanks to good performance from its hospitals.
Pace pacifies with record December revenues but analysts' concerns remain
Tue 13 January 2015 08:53
Television set-top box (STB) specialist Pace said full-year revenues would beat its previous targets after a record fourth quarter, however analysts were concerned its markets were tipping into structural decline.
SIG expects 2014 pre-tax profit ahead of consensus
Tue 13 January 2015 08:23
Building products distributor SIG has said it expects 2014 pre-tax profit to be marginally ahead of market consensus thanks to strong demand in both residential and commercial segments.
ASOS shares jump as retailer reports rise in Christmas trading, driven by UK sales
Tue 13 January 2015 08:12
ASOS reported a 15% rise in retail sales over Christmas, driven by UK demand.
Greggs beats expectations with meaty Christmas treat
Tue 13 January 2015 08:05
A very strong post-Christmas update from meaty treats retailer Greggs led management to boast that full year results will beat current expectations.
Debenhams drops despite record Christmas as margins disappoint
Tue 13 January 2015 07:40
Despite a record Christmas, high street department store Debenhams has scaled back its forecast for margin improvement due to strong sales of lower-margin products over the festive period and a poor clothing performance.
Meggitt wins marksmanship training deal with US Marine Corps
Tue 13 January 2015 07:32
Aerospace, defence and energy engineer Meggitt has won a $31.7m contract with the US Marine Corps (USMC) for indoor simulated marksmanship training systems.
Morrison's CEO Dalton Phillips axed after paltry Christmas sales
Tue 13 January 2015 07:23
Morrison's has given chief executive Dalton Philips the axe after he oversaw the worst Christmas performance of the Big Four supermarket groups, although sales were not as bad as the City expected.
Standard Chartered may need $4.4bn boost to cover losses
Mon 12 January 2015 15:49
Standard Chartered could require $4.4bn extra to cover losses from commodities loans, which could force the bank to take on billion-dollar investments, according to analysts.
Tuesday preview: UK inflation to fall below 1% after oil price plunge
Mon 12 January 2015 15:33
UK inflation figures on Tuesday are expected to show growth below 1% for the first time since June 2002 amid falling oil prices.
Eckoh extends contract with Transport for London
Mon 12 January 2015 14:58
Support services Eckoh has won a four-year agreement with Transport for London (TfL) where it will handle over 15m inbound calls made to the city's transport system every year.
Nationwide Accident shares rise driven by positive trading update
Mon 12 January 2015 12:27
Nationwide Accident Repair Services said its full-year profits are expected to be ahead of previous forecasts.
HSS Hire reveals £103m IPO funding plans
Mon 12 January 2015 10:58
Tool hire firm HSS Hire Group has announced plans to float on the London stock market from February, in a bid to reduce its debt and roll out more 'local format' stores.
Quindell soars after appointing new chairman
Mon 12 January 2015 09:46
Technology and outsourcing group Quindell has appointed Richard Rose a non executive chairman, to replace Robert Terry, who left the group two months ago.
Jaguar to create 1,300 new jobs in the West Midlands
Mon 12 January 2015 09:01
Carmaker Jaguar Land Rover will create 1,300 jobs to build its first sports utility vehicle (SUV) at its Solihull plant in the West Midlands.
Betfair soars after capital reorganisation
Mon 12 January 2015 08:21
Online betting and gaming operator Betfair has announced that its capital reorganisation is expected to be implemented from Monday.
AO World shares surge after strong festive sales growth
Mon 12 January 2015 08:20
Electrical appliances seller AO World saw shares jump on Monday after saying it was confident of hitting full-year expectations following impressive revenue growth in the third quarter and strong demand seen on Black Friday.
Hikma Pharmaceuticals hiked by court colchicine ruling
Mon 12 January 2015 08:08
A US court has given Hikma Pharmaceuticals permission to distribute its colchicine gout treatment, turning down rival Takeda Pharmaceuticals in its appeal for an injunction against the distribution of the drugs.
Pace appoints new CFO
Mon 12 January 2015 07:53
PayTV and broadband service products developer Pace has appointed Mark Shuttleworth as its new chief financial officer (CFO), the company said on Monday.
Afren considering "strategic options" for Kurdistan project as resources revised lower
Mon 12 January 2015 07:33
Oil and gas group Afren said it is looking at its "strategic options" for its 60% interest in the Barda Rash field, after analysis of the Kurdistan project showed a "material reduction" in reserve estimates.
Taylor Wimpey lifts margin guidance, expects "positive" 2015
Mon 12 January 2015 07:11
Housebuilder Taylor Wimpey said trading stabilised somewhat in the second half of 2014 as house-price growth eased, but painted an upbeat picture of the UK housing market as it lifted its margin guidance slightly.
Unite Group acquires site in Coventry
Mon 12 January 2015 07:11
Developer and manager of student accommodation Unite Students, part of Unite Group, has acquired a development site in the centre of Coventry, which is expected to house up to 280 students.
Shire acquires US rival NPS Pharmaceuticals for $5.2bn
Mon 12 January 2015 07:03
Biopharmaceutical group Shire has announced it will acquire NPS Pharmaceuticals for $5.2bn in cash, a long-rumoured target.
IAG could have to pay over £1bn for Aer Lingus
Sun 11 January 2015 10:41
One of Aer Lingus' largest institutional shareholders has warned that International Airlines Group (IAG) might have to pay as much as €1.6bn (£1.25bn) to take over the Irish carrier.
Morrisons feels the pinch over Christmas
Sun 11 January 2015 10:21
Retailer Wm Morrison is expected to announce that it was the worst-performing supermarket among the industry's big four over the Christmas season.
Mark Zuckerberg promises Facebook will defend free speech after Charlie Hebdo attack
Fri 09 January 2015 16:21
Facebook founder Mark Zuckerberg has promised that the social network will always defend free speech in an official response to the recent Parisian attack on Charlie Hebdo.
Old Mutual purchases 23.3% stake in UAP Holdings
Fri 09 January 2015 11:35
Investment, insurance and banking company Old Mutual has taken a 23.3% stake in East and Central African financial services company UAP Holdings for $97.6m (£64.1m).
Catlin's £2.8bn takeover by XL confirmed, full dividends to be paid
Fri 09 January 2015 11:27
The takeover of FTSE 250-listed insurance underwriter Catlin by US rival XL Group for an improved £2.8bn has been confirmed, with a final dividend to be paid before the deal completes.
Coca-Cola to cut 1,800 jobs worldwide
Fri 09 January 2015 09:44
Drinks giant Coca-Cola has announced it will slash up to 1,800 jobs worldwide as part of a new cost-cutting strategy.
Santander UK parent bank plunges 10% on capital hike plans
Fri 09 January 2015 09:28
Banco Santander, Spanish parent company of Santander UK, returned to trade on Friday with a 10% crash after announcing a capital hike.
Tesco hit by Moody's downgrade to junk status
Fri 09 January 2015 08:58
Tesco's shares gave up some of Thursday's gains on Friday morning trading after credit rating agency Moody's cut the UK grocer's corporate debt to 'junk' overnight.
Unite Group property valuations rise in third quarter
Fri 09 January 2015 08:02
Student accommodation developer and manager Unite Group said the value of its two property portfolios rose by 1.2% and 1.4% in the third quarter.
The Restaurant Group serves up growth as ordered
Fri 09 January 2015 07:56
The Restaurant Group, the owner of Frankie & Benny's, Garfunkel's and Chiquito eateries, said tasty like-for-like sales over the Christmas period have ensured that full year results will meet the market's forecasts for 'material growth'.
Riverstone Energy invests in newly formed Riverstone Credit Opportunities
Fri 09 January 2015 07:46
Riverstone Energy is investing alongside its parent company, New York-based energy buyout firm Riverstone Holdings, in the newly formed Riverstone Credit Opportunities (RCO).
SSP first quarter trading in line with expectations
Fri 09 January 2015 07:32
Food and beverage operator SSP said its overall trading in the first quarter has been in line with expectations, thanks to strong performances in the UK, North America and the Middle East.
Laird confident on outlook after 'good progress' in Q4 as Apple gears up
Fri 09 January 2015 07:03
Electronic components supplier Laird, a key supplier for Apple's devices, announced its confidence in meeting expectations for full year results after a good fourth quarter.
Audioboom signs agreement with Cloud Africa
Thu 08 January 2015 16:01
Digital social media platform Audioboom secured an agreement with Cloud Africa, an African mobile content aggregator.
Friday preview: Labor Department releases US non-farm payrolls report
Thu 08 January 2015 15:34
The all-important US non-farm payrolls report on Friday is expected to show employers added 240,000 more jobs in December compared to November's 321,000 gain.
Sky renews England cricket television deal with ECB
Thu 08 January 2015 11:51
Sky has extended the contract for its Sky Sports division to remain the exclusive broadcaster of England cricket matches until 2019.
SVG to receive over £30m from Permira's sale of Hugo Boss stake
Thu 08 January 2015 11:38
Private equity investor SVG Capital said it expects to receive about £31.3m from Permira IV's sale of a stake in Hugo Boss.
Rentokil Initial completes three acquisitions
Thu 08 January 2015 10:51
Support services firm Rentokil Initial has made three overseas acquisitions, one in remedial property care in the UK and two overseas pest control businesses.
Spirent Communication's shares rise after better-than-expected order intake
Thu 08 January 2015 10:18
Technology company Spirent Communications said its order intake exceeded the group's expectations during the last quarter of the year of 2014.
BTG confirms completion of US PneumRx pulmonology business
Thu 08 January 2015 10:04
Specialist healthcare company BTG said it had completed its acquisition of US interventional pulmonology business PneumRx, which will cost the FTSE 250 group up to £315m.
Dunelm revenues up despite rising costs
Thu 08 January 2015 09:10
Dunelm Group, a homewares retailer, said its revenues increased during the first half of the financial year despite a rise in operating costs.
Grafton revenue rise 9.5% amid favourable trading conditions
Thu 08 January 2015 08:46
Favourable trading conditions and sustained recovery in Ireland enabled DIY and building group Grafton to nail full year revenues and profits in line with expectations.
Ted Baker reports jump in retail sales over holiday season
Thu 08 January 2015 08:21
Ted Baker reported a 22.8% rise in retail sales over the holiday period as shoppers stocked up for the festive season, according to a trading update on Thursday.
Hays boosted by demand for permanent staff in UK, Europe and Asia
Thu 08 January 2015 08:17
Strong demand for permanent staff in the UK, Asia and Europe saw recruitment group Hays post an 11% increase in underlying second-quarter fees.
Halfords hits skids as CEO Matt Davies resigns to join Tesco
Thu 08 January 2015 08:03
News that Tesco had poached Halfords chief executive Matt Davies, sent shares in the bicycling and car parts retailer skidding downwards on Thursday.
CRH portfolio shake-up "well underway" as group eyes acquisitions
Thu 08 January 2015 08:01
Building materials group CRH said its multiyear €1.5bn-2bn divestment programme announced last August was "well underway" after it sold off 16 assets in 2014.
Howden Joinery lifts profit expectations
Thu 08 January 2015 08:00
Retailer Howden Joinery fired out an unscheduled trading statement to reveal that it expected profits for the full year will beat market expectations.
TalkTalk acquires Tesco Broadband and Blinkbox
Thu 08 January 2015 07:40
Telecom group TalkTalk has acquired Tesco Broadband and the retailer's on-demand video service Blinkbox for an undisclosed amount.
Marks & Spencer disappoints with womenswear sales in third quarter
Thu 08 January 2015 07:09
Womenswear sales at Marks and Spencer over the Christmas period were significantly worse than had been expected by City analysts, dragging general merchandise (GM) sales down badly as bad weather and distribution issues clouded the third quarter.
British Land sells portion of retail and office portfolio
Thu 08 January 2015 07:02
Real estate investment trust British Land has sold a retail and office portfolio in an off-market deal to Legal & General Property for £219.6m.
Tesco to close stores and cut prices as turnaround plan unveiled, shares surge
Thu 08 January 2015 06:44
Tesco saw its share price surge on Thursday after the company announced it would cut costs, close 43 unprofitable stores, lower prices and move its head office, as part of chief executive Dave Lewis's plan to revive the struggling supermarket chain.
Escher expects interim results below market expectations
Wed 07 January 2015 10:12
Escher Group Holdings shares slumped on Wednesday after it said it expected full-year revenues to be down due to a setback in negotiations for a license agreement.
Galliford Try says Miller integration substantially ahead of plan
Wed 07 January 2015 09:06
Homebuilder and construction outfit Galliford Try saw a solid performance over the six months to 31 December, with unit completions rising 12.5% and the integration of the recently acquired Miller Construction proceeding substantially ahead of plan.
Keller lands Singapore Changi airport deal
Wed 07 January 2015 08:26
Shares in engineer Keller Group were up 1.2% on Wednesday morning after it was awarded a £28m contract at Changi Airport in Singapore.
Aggreko signs two-year contract to provide power in Argentina
Wed 07 January 2015 08:08
Temporary power provider Aggreko has signed a two-year contract with Energia Argentina and extended another deal in Africa.
Persimmon sees 'strong momentum' as full year sales rise 23%
Wed 07 January 2015 08:08
In a strong pre-close update, housebuilder Persimmon revealed a 23% increase in full year revenues to £2.6bn and said it was confident of delivering strong growth in annual pre-tax profits and cash generation.
Sainsbury's Christmas sales fall less than expected as price war heats up
Wed 07 January 2015 07:04
Despite a record-breaking Christmas week, Sainsbury's third-quarter like-for-like sales declined 1.7%, though this beat City expectations of a 3.2% fall, and the grocer announced a new investment in lowering 700 prices.
Wednesday preview: Eurozone deflation on the cards, analysts predict
Tue 06 January 2015 16:21
The spotlight will shine on Eurozone inflation figures on Wednesday as the European Central Bank's (ECB) policy meeting looms.
C&C confirms end of Spirit pursuit, leaving way clear for Green King
Tue 06 January 2015 15:29
Irish drinks maker C&C Group has called off its pursuit of Spirit Pub Company, as recently rumoured, leaving the way clear for Greene King to complete its recommended £723m takeover.
Waitrose reports Christmas sales boost, as analysts eye Ocado fallout
Tue 06 January 2015 12:41
The first of the major supermarkets to update on Christmas trading, upmarket grocer Waitrose, part of the John Lewis group of companies, lifted like-for-like sales by 2.8%.
WPP invests $250m in sports marketing firm
Tue 06 January 2015 12:10
Advertising and public relations giant WPP will invest $250m in a sports marketing firm created by George Pyne, former president of IMG Sports and Entertainment.
Grocery price war explodes as Asda invests £300m, Tesco and Sainsbury to follow suit
Tue 06 January 2015 11:45
The UK supermarket price war echoed to the latest shots fired on Tuesday morning as Asda ploughed its largest ever investment into grocery price cuts and Tesco and Sainsbury were rumoured to be in the midst of their own significant price investments.
Hunting confirms plans to sell Gibson subsidiary
Tue 06 January 2015 11:33
Energy services Hunting on Tuesday confirmed it plans to sell its shipping subsidiary EA Gibson to an employee benefit trust.
Rolls-Royce car sales up 12% in 2014
Tue 06 January 2015 09:26
Rolls-Royce Motor Cars broke its sales record for the fifth consecutive year in 2014 with the US being the biggest individual market.
LondonMetric acquires Tesco's Croydon 'dark store'
Tue 06 January 2015 08:29
LondonMetric Property has acquired one of Tesco's four London 'dark store' distribution warehouses for £21.1m to increase retail distribution to 44% of the group's portfolio.
Galliford Try wins £48.5m contract to build community campus
Tue 06 January 2015 08:16
Galliford Try has reached an agreement on a £48.5m contract with the Highland Council to build community campus in Wick, Scotland, with an ongoing services contract.
Entertainment One buys stake in Hollywood studio JV for $133m
Tue 06 January 2015 07:34
Entertainment One (ETO) has spent $132.6m to buy 51% of a joint venture with Hollywood film and television producer Marc Gordon, maker of 'Saving Private Ryan', 'Speed' and 'Grey's Anatomy'.
Senior appoints new CEO, poached from Cobham
Tue 06 January 2015 07:27
Defence, aerospace and energy manufacturing firm Senior has poached Cobham's chief operating officer (COO) as its new chief executive officer (CEO), replacing Mark Rollins who is due to step down after 17 years with the group.
Meggitt buys IP-laden valves business PECC for $44m
Tue 06 January 2015 07:17
Aerospace engineer Meggitt has strengthened its industrial valve offering with the $44m cash acquisition of California-based Precision Engine Controls Corporation, which serves the oil and gas and power generation industries.
Bunzl buys Tillman to expand US safety business
Tue 06 January 2015 07:15
Distribution group Bunzl has expanded its safety business in North America with the acquisition of California-based Blake H Brown, which trades as Tillman.
Tuesday preview: Service-sector activity reports take focus
Mon 05 January 2015 15:19
Tuesday's agenda will see an influx of service-sector activity reports for Japan, China, the Eurozone, the UK and the US.
Aveva acquires 8over8 for £27m
Mon 05 January 2015 14:41
Computer software and engineering services developer Aveva has completed the acquisition of 8over8 Limited for £26.9m.
Analysts warn BP to incur in first ever loss in Russia
Mon 05 January 2015 11:01
As a result of the drop in the oil price and the depreciation of the Russian currency, the rouble, BP will incur in a sizeable fourth quarter loss on its stake in Russian peer Rosneft.
Gulf Keystone reaches production target in Kurdistan
Mon 05 January 2015 10:50
Oil producer Gulf Keystone Petroleum (GKP) said that its existing production facilities in Shaikan are now producing from seven wells.
Rockhopper gets 40% stake in Croatian offshore block
Mon 05 January 2015 07:57
Oil group Rockhopper Exploration has been awarded a 40% stake in Block 9 offshore Croatia, joining operator Eni in an area with proven hydrocarbons.
Ryanair traffic grows 20% in December
Mon 05 January 2015 07:43
The increased number of travellers, typical of the festive season, saw the traffic of budget airline Ryanair grow 20% to over 6m passengers in December.
Galliford Try wins £45.2m deal with NHS Lothian
Mon 05 January 2015 07:02
Morrison Construction, a subsidiary of British housebuilder Galliford Try, has secured a £45.2m deal to build and operate the first phase of the redevelopment of the Royal Edinburgh Hospital.
Black Friday momentum makes it a happy Christmas for John Lewis
Sun 04 January 2015 13:41
John Lewis rode the wave generated by Black Friday sales into the Christmas period, reporting a 5.8% year-on-year increase in sales for the five weeks to 27 December.
Tesco, Sainsbury's and M&S hit by Christmas blues
Sun 04 January 2015 11:33
Sainsbury's, Tesco and Marks & Spencer are set to report a decline in Christmas sales this week.
RBS worried US fines for mortgage-backed securities may top £7bn
Fri 02 January 2015 13:55
The £2bn provision set aside by Royal Bank of Scotland to pay fines in the US for marketing of toxic mortgage-backed securities could be more than three times too small, according to sources at the bank.
Barclays completes sale of Spanish business to CaixaBank
Fri 02 January 2015 11:45
Barclays has completed the sale of its Spanish subsidiary for an estimated €800m (around £630m) in cash.
Snapchat valued at 10bn dollars after prolific fundraising in 2014
Fri 02 January 2015 11:38
Snapchat announced on Thursday that it had raised nearly half a billion dollars in funding from 23 investors, resulting in a valuation for the company of $10bn.
Collapsed courier firm City Link makes 2,356 staff redundant
Fri 02 January 2015 10:41
The administrators of collapsed parcel courier City Link are making 2,356 of its staff redundant.
Spotify streaming hampers iTunes sales as UK music downloads decline
Fri 02 January 2015 10:39
Sales of digital albums and singles fell for the first time in Britain over 2014, according to data from the Entertainment Retailers Association.
High waves and strong winds slow AirAsia search mission
Fri 02 January 2015 10:04
Three-metre high waves and wind exceeding 40 knots have delayed the recovery of bodies and aircraft fuselage from the crashed AirAsia flight 8501.
Bookmaker Paddy Power gets new boss
Fri 02 January 2015 07:40
Irish bookmaker Paddy Power has a new chief executive after former boss Patrick Kennedy stepped down.
Aggreko's new chief executive starts his job
Fri 02 January 2015 07:27
Power generator rental group Aggreko has announced that its new chief executive took up his position on Friday.
Afren reclaims $20m from dismissed directors
Fri 02 January 2015 07:17
Africa-focused oil explorer Afren has successfully drilled its former chief executive and chief operating officer for more than $20m after they were dismissed for gross misconduct after receiving unauthorised payments.
Quindell set to sell operating division to raise cash
Fri 02 January 2015 07:17
Controversial business services group Quindell is set to sell some of its divisions as part of a drive to boost working capital.
BG Group receives $350m payment from Egyptian government
Fri 02 January 2015 07:04
The Egyptian government has made a payment of the equivalent of $350m to BG Group as part of an agreement to repay debts.
London IPOs hit seven-year high as 138 firms float in 2014
Wed 31 December 2014 11:01
Stock market flotations in London reached a seven-year high in 2014 despite a number of high-profile initial public offerings (IPOs) being pulled because of a saturated market.
Tesco executive pay committee boss quits
Wed 31 December 2014 08:08
Troubled supermarket group Tesco is changing the chief of its executive pay committee.
IP Group invests £1m in Vijay Kumar robotics spin-out from Penn University
Wed 31 December 2014 07:22
Intellectual property commercialisation firm IP Group has invested £1m for a significant minority stake in drone aircraft developer Exyn Technologies, its first spin-out company from its relationship with the University of Pennsylvania.
Capital & Regional set for tax breaks after converting to REIT
Wed 31 December 2014 07:19
Shopping centre developer Capital & Regional (C&R) is set to benefit from tax breaks after converting to a real estate investment trust (REIT).
BP announces first oil in central North Sea
Tue 30 December 2014 13:53
Oil major BP has launched production from the Kinnoull field in the central North Sea, which is expected to produce more than 50,000 barrels of oil a day.
DXS International half-year results hit by investment costs
Tue 30 December 2014 11:51
Healthcare information group DXS International slipped into the red due to investment costs during the first half of the year.
Horizon Discovery wins $0.8m deal with molecular diagnostics company
Tue 30 December 2014 11:07
Pharmaceutical support services company Horizon Discovery said on Tuesday its diagnostics business unit had won its largest ever deal.
Provexis halves interim losses thanks to reduced Fruitflow costs
Tue 30 December 2014 10:10
Provexis, developer of anti-thrombotic product Fruitflow, decreased its losses during the first half of the year due to a reduction in production costs.
Next sees FY profits ahead of guidance but stays cautious on outlook
Tue 30 December 2014 07:32
Fashion retailer Next forecast annual profits slightly ahead of guidance and announced a new 50p special dividend, but said it remained cautious about 2015.
KAZ Minerals agrees better bank terms with China Dev Bank
Tue 30 December 2014 07:21
KAZ Minerals has negotiated new bank terms for $2.3bn of its bank debt, with interest rates cut 30 basis points and more flexibility to mitigate for exchange rate movements.
BG Group moves towards production on Brazilian oilfields
Tue 30 December 2014 07:18
Gas explorer BG Group has taken a step towards starting production from three oil and gas fields off the coast of Brazil.
Haydale shares boosted by the delivery of new reactors
Mon 29 December 2014 15:25
Haydale Graphene Industries has taken delivery of two new Rotovac plasma reactors, which are in the process of being commissioned.
IPSA anticipates early 2015 cash boost from Rurelec payment
Mon 29 December 2014 14:31
IPSA Group said it expects to receive the balance owed to it by Rurelec from the sale of Westinghouse Siemens gas turbines in early 2015.
Bombardier wins order for 42 commuter trains from France
Mon 29 December 2014 13:42
Canadian train and aircraft maker Bombardier has won a deal to supply 42 double-deck electric commuter trains to service the Paris suburbs.
Wetherspoon to create 1,500 jobs in the UK and Ireland
Mon 29 December 2014 12:05
Pub group JD Wetherspoon announced on Monday it will open 200 pubs in the next five years, which it said should create 1,500 new jobs in the UK and Ireland.
Quantum Pharma inks exclusive supply deal with Bestway
Mon 29 December 2014 11:54
Quantum Pharma has revealed that it has signed a three-year exclusive supply contract with Bestway Group.
Cape wins contract extension with EDF Energy
Mon 29 December 2014 11:40
Industrial services group Cape secured a five-year extension contract with EDF Energy for the supply of services to eight nuclear power stations in the UK.
Gresham Computing lands CTC contract in North America
Mon 29 December 2014 10:33
Gresham Computing has agreed a contract to supply its CTC financial control software to a client in North America, the company announced on Monday.
Capital & Regional takes step towards selling German property JV
Mon 29 December 2014 08:33
Shopping centre developer Capital & Regional (C&R) has exchanged contracts for the sale of its 50/50 German joint-venture with Ares Management to clients and funds under management of Rockspring Property Investment Managers.
Development Securities does deal to build homes in south-east London
Mon 29 December 2014 07:43
Property group Development Securities has agreed a deal to build homes on a site in south-east London.
BG Group ships first LNG from Queensland's Curtis Island project
Mon 29 December 2014 07:33
Gas producer BG Group began loading its first liquid natural gas (LNG) shipment on Sunday at its Queensland Curtis LNG (QCLNG), a week behind guidance but sooner than many sceptical analysts had predicted.
Better Capital 'regrets' City Link administration news on Christmas Day
Mon 29 December 2014 07:18
The owners of collapsed parcel courier City Link have said they "very much regret" that staff were told of the company's entry into administration on Christmas Day, putting more than 2,700 jobs at risk.
Virgin Money confirms new chairman will be Pearson's Moreno
Wed 24 December 2014 11:52
Virgin Money, which raised £344m in its London flotation last month, has appointed Pearson chairman Glen Moreno as an independent non-executive director and chairman-designate.
Deltex cautions on full year sales despite record order
Wed 24 December 2014 10:17
Shares in Deltex Medical were in need of a defibrilator on Wednesday morning after the company revealed it would need to close £1m of outstanding orders in order for annual sales to equal last year's.
Spain's Santander announces interest in Portugal's Novo Banco
Wed 24 December 2014 08:48
Spain's Banco Santander formally announced its interest in acquiring Portugal's Novo Banco as part of the sale process launched by the Portuguese central bank.
Glencore to continue with share buyback in 2015
Wed 24 December 2014 07:46
Glencore revealed that it would go ahead with its share buyback in 2015, with up to £120m repurchased by 24 March at the latest.
Intu Properties spends €451m on Spanish retail asset
Wed 24 December 2014 07:14
Real estate group Intu Properties has bought the Puerto Venecia shopping centre and retail park in Zaragoza, Spain, for €451m.
Etihad Airways buys 49 per cent of 'new' Alitalia
Tue 23 December 2014 11:17
Etihad Airways has increased its stake in recovering Italian carrier Alitalia, with the United Arab Emirates airline spending almost €390m for a 49% stake in the newly restructured business.
Indivior begins trading after RB demerger
Tue 23 December 2014 08:50
Shares in Indivior, the speciality pharmaceuticals business spun off by Reckitt Benckiser, swung between 115p and 142p on their first day of trading as a separate company on Tuesday, with the ticker "INDV".
Telefonica's acquisition of GVT approved by Brazilian regulator
Tue 23 December 2014 08:40
Brazil's telecommunications regulator Anatel gave the green light to Telefonica's offer to acquire GVT.
Workspace paying £30m to end JV share agreement
Tue 23 December 2014 07:59
Serviced office provider Workspace said it will pay £30m in cash to terminate a share agreement relating to its Glebe joint venture.
Halma boss appointed to Capita board
Tue 23 December 2014 07:26
Outsourcing company Capita has appointed Halma's boss Andrew Williams to its board as an independent non-executive director.
EE, Huawei, Qualcomm successfully trial next generation 4G technology
Mon 22 December 2014 16:07
EE, together with Huawei and Qualcomm, has successfully trialled the next generation of superheats 410Mbps 4G.
Tuesday preview: UK and US third quarter GDP in focus
Mon 22 December 2014 15:27
UK and US economic growth data for the third quarter is due for release on Tuesday.
MNC Strategic Investments plunge despite posting H1 pretax profit
Mon 22 December 2014 11:54
Hong Kong-focused MNC Strategic Investments swung to a pre-tax profit in the first six months of its financial year.
Bacanora Minerals shares leap on Rare Earth boost
Mon 22 December 2014 09:33
Mining exploration firm Bacanora Minerals said one of its projects in Mexico had potential to become one of the world's largest lithium carbonate producers.
Sky makes $4m investment in Elemental Technologies
Mon 22 December 2014 07:55
British telecom giant Sky has made a $4m equity investment in Elemental Technologies, a US-based software company specialising in multiscreen video delivery.
Kennedy Wilson Fund spends £0.5bn on UK mixed-use portfolio
Mon 22 December 2014 07:53
London-listed property company Kennedy Wilson Europe Real Estate (KWE) has spent over half a billion pounds on buying a portfolio of 180 mixed-use properties across the UK.
Ferrexpo's production to take hit from lack of power supplies
Mon 22 December 2014 07:33
Power restrictions in Ukraine during the peak demand hours of the day will impact Ferrexpo's production of iron -ore pellets, although authorities are introducing measures to address the current situation.
Premier Oil sells two assets for $147.5m
Mon 22 December 2014 07:30
Oil and gas exploration firm Premier Oil has completed the sale of its non-operated interests in the producing Scott, Telford and Rochelle fields to MOL Group for $130m (£83.1m) before interim period adjustments.
Kier joint venture selected for £1bn Thames Water infrastructure project
Mon 22 December 2014 07:17
A joint venture between Kier Group and Clancy Docwra has been named as the preferred bidder for a £1bn Thames Water infrastructure project.
JLIF seals £21.6m purchase of John Laing assets
Mon 22 December 2014 07:05
Infrastructure investment firm John Laing Infrastructure Fund has completed the acquisition of two assets from John Laing for a combined value of £21.6m.
Kingfisher to sell 70% controlling stake in B&Q China
Mon 22 December 2014 07:02
Home improvement retailer Kingfisher has agreed to sell a controlling 70% stake in its B&Q China business to Wumei Holdings for £140m.
Catlin accepts XL £2.5bn takeover offer
Sun 21 December 2014 15:41
Catlin, a Lloyd's of London insurer, is reported to have accepted a £2.5bn takeover offer from US firm XL.
Santander UK handed £300m boost to bolster its capital position ahead of 2015 tests
Sun 21 December 2014 12:05
Santander UK has received £300m from its Spanish parent firm, as it aims to bolster its position ahead of a tougher round of Bank of England (BoE) stress tests in 2015.
Tesco's suppliers to be involved in SFO investigation
Sun 21 December 2014 11:09
Some of Tesco's suppliers are to be involved in the Serious Fraud Office's investigation over the stricken retail giant's accounting practices.
United Carpets rolls out higher half-year profits
Fri 19 December 2014 15:06
People have been buying more carpets as the British housing market recovered, helping floor covering retailer United Carpets to roll out higher profits.
SSE falls short of target in power generation bid
Fri 19 December 2014 08:47
Power generator and retailer SSE has not won all the generation business it wanted in a UK energy generation capacity auction.
Berendsen underlying revenue up 3% from 2013
Fri 19 December 2014 08:16
Textile service company Berendsen said that underlying revenue, at constant exchange rates, for the 11 months ended 30 November rose 3% year-on-year.
Carillion wins £100m contract for King's Cross redevelopment
Fri 19 December 2014 08:07
Construction and support services group Carillion has been selected by Argent as the preferred bidder to deliver three new buildings at the King's Cross regeneration project.
Smiths Group CEO Philip Bowman to retire at end of 2015
Fri 19 December 2014 08:07
Philip Bowman, the long-running boss of Smiths Group, is to step down at the end of next year, the technology company revealed on Friday.
Police clear Serco of wrongdoing on prisoner escort contract
Fri 19 December 2014 07:34
Support services group Serco said on Friday that police and prosecutors would not be bringing charges against the company in relation to a probe into its UK government contract to move prisoners from custody to courts.
RIT Capital agrees deal to acquire GVOIM
Fri 19 December 2014 07:28
Investment trust RIT Capital Partners has agreed a deal to acquire GVO Investment Management Limited (GVOIM) from Hansa Aktiengesellschaft for an undisclosed sum.
British American Tobacco pays $575m to settle legacy asbestos litigation
Fri 19 December 2014 07:22
British American Tobacco (BAT) is to pay out $575m to settle a legacy litigation case with a company involved in the production and sale of asbestos-containing products in the 1980s.
UBM seals £599m Advanstar deal
Fri 19 December 2014 07:03
Marketing and communication group UBM has completed the acquisition of US-based VSS-AHC Consolidated Holdings for £599m.
Friday preview: GfK releases reports on UK and German consumer confidence
Thu 18 December 2014 17:36
UK and German consumer confidence may have risen slightly, GfK is expected to reveal in separate reports scheduled for release on Friday.
Armour Group faces takeover bid from investor
Thu 18 December 2014 16:30
Armour Group is facing a takeover after an investment vehicle increased its stake in the audio and electronics investor to more than 46%.
Aer Lingus rejects takeover bid from IAG
Thu 18 December 2014 15:39
British Airways and Iberia owner International Airlines Group (IAG) has made a takeover bid for Aer Lingus, IAG said in a statement on Thursday, although the Irish flag carrier rejected it.
GM suspends deliveries to Russian dealers
Thu 18 December 2014 14:39
Following the rouble's sharp decline, US car-maker General Motors (GM) has suspended the delivery of cars to dealerships in Russia.
GSK shareholders approve Novartis deal
Thu 18 December 2014 14:04
British drug-maker GlaxoSmithKline said its shareholders have given the green light to a deal with Swiss firm Novartis, which will see the two groups trade over £12.7bn of assets.
British Polythene Industries sees lower costs in early 2015
Thu 18 December 2014 13:56
Plastics maker British Polythene Industries (BPI) unveiled upbeat news on costs as it voiced confidence about hitting annual targets.
Schroder Real Estate Investment Trust buys half of University of Law campus
Thu 18 December 2014 12:19
Schroder Real Estate Investment Trust has completed the acquisition of a 50% stake in the University of Law campus in London's Bloomsbury for £34m.
Severfield wins £43m of contracts including Liverpool FC deal
Thu 18 December 2014 12:08
Structural steel group Severfield has won six contracts worth £43m including a deal from Liverpool Football Club.
Snapchat chief "devastated" by leak of three-year business plan
Thu 18 December 2014 11:25
The chief executive of photo-sharing service Snapchat said he feels "angry" and "devastated" about the leak of his business plans.
Riverstone Holdings increases investment in Castex by $150m
Thu 18 December 2014 09:38
Holding group Riverstone Holdings has announced it has increased its investment in Castex Energy by approximately $150m.
Synthomer confirms new CEO appointment
Thu 18 December 2014 08:56
Polymers producer Synthomer PLC has confirmed that Calum MacLean will formally succeed Adrian Whitfield as the group chief executive on 22 January.
Royal Mail shares were underpriced at IPO, says Lord Myner
Thu 18 December 2014 08:47
According to a report commissioned by Business Secretary Vince Cable, the government under priced the £2bn sale of Royal Mail by around £180m.
Galliford Try secures place on £250m regional capital works framework in Scotland
Thu 18 December 2014 07:56
Housebuilding and construction firm Galliford Try said it had been appointed to the Ministry of Defence's Next Generation Estates Contract (NGEC) Framework agreement for capital works projects in Scotland.
Balfour Beatty buys offshore transmission project
Thu 18 December 2014 07:14
Civil engineering group Balfour Beatty has reached financial close and completed the acquisition of the £164m Thanet offshore transmission project (OFTO) in the UK, in which it will invest more than £20m of equity.
LSE making progress across the board as new issues rise
Thu 18 December 2014 07:13
Stock exchange operator London Stock Exchange (LSE) said it has made "good progress" over the course of 2014, with strong performances across all main business areas.
Astrazeneca's Lynparza capsules given green light from European Commission
Thu 18 December 2014 07:09
British pharmaceutical giant AstraZeneca has received marketing authorisation from the European Commission for its Lynparza cancer treatment.
Hansteen to receive £43.9m for 11 UK-based assets
Thu 18 December 2014 07:02
Property investment group Hansteen has completed the sale of 11 UK assets from the Ashtenne Industrial Fund, in which it has a 36.7% interest, for a combined price of £43.9m.
Thursday preview: Carnival reports full-year results, UK retail sales, US jobless claims
Wed 17 December 2014 17:26
Carnival is a major beneficiary of the collapse in the price of oil, Numis said ahead of the cruise operator's annual results on Thursday.
Catlin Group confirms possible offer from XL Group
Wed 17 December 2014 15:43
Lloyd's of London insurer Catlin Group has officially confirmed the receipt of a possible offer from global conglomerate XL Group.
Motive Television launches Tablet TV in the US
Wed 17 December 2014 11:24
Tablet TV, the American joint venture of Motive Television, on Wednesday announced its marketing and distribution launch in San Francisco.
Babcock acquires £140m Defence Support Group
Wed 17 December 2014 08:18
Engineering support company Babcock has agreed contracts with the Ministry of Defence to buy its Defence Support Group and associated service provision contract.
Xaar sees better-than-expected FY profits after Chinese pick-up
Wed 17 December 2014 08:06
Digital inkjet printing technology group Xaar forecast better-than-expected annual profit after a recovery in the Chinese ceramic tile market.
Over-50s services firm Saga trading in line with forecasts
Wed 17 December 2014 07:53
Over-50s tour operator and insurance provider Saga Group, which floated in London in the spring, said it expects to meet market expectations for the full year.
TUI AG and TUI Travel complete merger
Wed 17 December 2014 07:36
British and German travel companies TUI Travel and TUI AG have completed their €6.5bn merger to create the world's biggest tour operator, the pair said on Wednesday.
WPP appoints IMI chairman as Lader replacement
Wed 17 December 2014 07:16
Advertising and media giant WPP has named a successor to Philip Lader who announced his plan to step down as long-running chairman earlier this year.
Dixons Carphone hails strong H1 in UK but shakes up Dutch and German ops
Wed 17 December 2014 07:07
Electrical retailer Dixons Carphone said a strong first half in the UK had put it in a good position in the run-up to Christmas, but it warned that trading in the Netherlands and Germany was still tough and it was taking action to review and restructure t
Apple halts Russian sales after crash in rouble
Tue 16 December 2014 19:50
Apple has halted its on-line sales in Russia due to the "extreme" rouble fluctuations, the company said.
Wednesday preview: Federal Reserve policy decision, BoE meeting minutes ahead
Tue 16 December 2014 15:53
The Federal Reserve releases its economic projections and announces its latest policy decision on Wednesday, amid speculation surrounding the timing of the central bank's first interest rate hike.
St Ives profit and revenue ahead of last year
Tue 16 December 2014 14:42
Marketing and printing group St Ives reported higher profits and revenue than last year and said its new financial year had got off to a good start.
Gazprom might lay off 25% of staff
Tue 16 December 2014 14:06
Russian gas company Gazprom is reportedly considering laying off 25% of its workforce, even as the biggest economic crisis in 16 years takes hold of the country.
888 on track to hit annual targets
Tue 16 December 2014 11:43
Online gaming group 888 vowed to hit annual targets as it updated the market on trading on Tuesday.
Jelf acquires insurance broker Beaumonts
Tue 16 December 2014 11:30
Jelf has acquired Yorkshire-based insurance broker, Beaumonts Insurance Group, for an undisclosed sum, in a move that will extend the group's network of offices across the north.
Gulf Keystone Petroleum set to boost production in KRI
Tue 16 December 2014 08:48
Gulf Keystone Petroleum has taken a step forward towards increasing production from its operations in the Kurdistan Region of Iraq (KRI).
RBS, Lloyds narrowly pass BoE bank stress tests
Tue 16 December 2014 08:46
Part-nationalised lenders Royal Bank of Scotland and Lloyds Banking Group only just passed the minimum requirements in the Bank of England's (BoE) assessments of banks' balance sheets in a hypothetical economic downturn.
Domino Printing reports rise in annual profits, boosted by Europe sales
Tue 16 December 2014 08:20
Domino Printing reported a 9% rise in annual pre-tax profit to £57.6m on the back of growth in sales, driven by Europe.
Imagination Technologies H1 in line, sees much stronger H2
Tue 16 December 2014 07:57
Graphics and video microchip maker Imagination Technologies posted lower first-half revenue and profits, but reported good first-half progress and said the second six months should be much stronger.
Afren finds oil as drilling completes in Madagascar
Tue 16 December 2014 07:51
Africa-focused oil explorer Afren said it has found oil after completing drilling and coring operations on Block 1101 onshore Madagascar.
Royal Bank of Scotland sells Irish loan portfolio for £1.1bn
Tue 16 December 2014 07:47
Royal Bank of Scotland is selling a portfolio of Irish real estate loans to a business controlled by private equity group Cerberus for £1.1bn.
Intercontinental Hotels buys boutique hotel operator for $430m
Tue 16 December 2014 07:25
Intercontinental Hotels is buying independent boutique hotel operator Kimpton Hotels & Restaurants for $430m in cash.
Seven out of eight UK banks pass BoE stress tests, Co-op Bank fails
Tue 16 December 2014 07:10
Seven out of eight of the UK's largest banks and building societies have passed the Bank of England's (BoE) latest round of stress tests, with the struggling Co-operative Bank being the only lender to have failed.
Tuesday preview: Chinese manufacturing data ahead
Mon 15 December 2014 18:12
The flow of economic data will pick up considerably tomorrow, with a raft of figures on the state of the global manufacturing sector scheduled for release.
BT enters exclusive talks with EE over mobile buy
Mon 15 December 2014 17:12
Telecoms group BT has entered exclusive talks with Deutsche Telekom (DT) and Orange about buying their mobile operation EE for £12.5bn, the company said on Monday.
Rolls-Royce to power largest Airbus A330 order in history with new engine
Mon 15 December 2014 15:54
Rolls Royce will provide engines to power 10 Airbus A330ceo and 55 Airbus A330neo planes ordered by Asia's largest low-cost airline, AirAsia X.
Talisman Energy confirms it has received various approaches
Mon 15 December 2014 14:54
On Monday afternoon, Talisman Energy confirmed reports which had appeared earlier in the day in the Spanish press that it was engaged in discussions with Repsol regarding a "potential corporate transaction".
Fox Marble enters partnership with Chinese marble seller
Mon 15 December 2014 14:40
Fox Marble Holdings on Monday said its Kosovo subsidiary had entered a sales agency agreement with Chinese outfit Zhong Shengdestone (ZSC).
Former boss of JJB Sports sentenced for £1m fraud
Mon 15 December 2014 13:05
Former JJB Sports chief executive Chris Ronnie was sentenced for four years after being found guilty of a £1m fraud.
Terra Firma announces intention to sell its stake at Infinis
Mon 15 December 2014 11:45
Terra Firma Investments on Monday said it plans to sell its stake at green energy group Infinis.
Evraz delays IPO of North American unit
Mon 15 December 2014 10:47
The biggest steel maker in Russia, Evraz, has shelved plans for an initial public offering (IPO) of its North American unit, due to the drop in the price of oil.
BT may unveil exclusive mobile talks as soon as Monday - report
Mon 15 December 2014 10:39
UK telecoms group BT could take a step forward in its bid to buy a mobile phone operator on Monday, according to a report.
H&M reports 10% hike in November sales
Mon 15 December 2014 10:17
Low-cost fashion retailer Hennes & Mauritz AB (H&M) reported a jump in sales during November, after the firm switched its attention to online sales.
Amec Foster Wheeler completes Scopus Group acquisition
Mon 15 December 2014 08:03
Strategic and complex assets designer Amec Foster Wheeler has completed the acquisition of Scopus Group for an undisclosed amount.
Carpetright forecasts annual profit at top end of hopes
Mon 15 December 2014 07:59
Carpet retailer Carpetright rolled out higher first-half profits and sales and forecast annual profit towards the top of market hopes, boosting its shares.
Pennon will not appeal final regulatory settlement
Mon 15 December 2014 07:54
South West Water (SWW) owner Pennon Group says it will not challenge a final settlement on its pricing and investment plan imposed by UK utility regulator Ofwat.
Carillion reaches financial close on £550m Scottish road scheme
Mon 15 December 2014 07:33
Construction group Carillion has sealed a £500m deal to build a by-pass in north east Scotland.
CRH to sell clay and concrete business in £414m deal
Mon 15 December 2014 07:32
Building material group CRH has agreed to sell its clay and concrete businesses in Britain and its clay business in the US to funds managed by Bain Capital Europe.
Greggs set to serve up better than-expected FY profits
Mon 15 December 2014 07:24
Good weather has helped baker Greggs to predict annual profits ahead of hopes.
Segro sells six industrial estates for over £110m
Mon 15 December 2014 07:13
Real estate investment trust Segro has agreed to sell a portfolio of six industrial estates to Orchard Street Investment Management for £113.8m.
Johnson Matthey sells gold and silver refining business for £118m
Mon 15 December 2014 07:10
Chemical firm Johnson Matthey has agreed to sell its gold and silver refining business to Asahi Holdings for £118m in cash.
Drax shares plunge on proposed plans to change biomass schemes
Fri 12 December 2014 12:27
Energy firm Drax shares plunged after the Department for Energy and Climate Change (DECC) announced planned changes to one of its subsidy schemes for biomass plants.
Yodel stops collecting orders as customers face delays on deliveries
Fri 12 December 2014 11:10
Courier firm Yodel has stopped collecting parcels from retailers, after admitting it is struggling to deliver the backlog of orders from Black Friday.
Carillion issues £150m worth of bonds
Fri 12 December 2014 07:47
British support services group Carillion has announced the launch of a £150m offering of senior unsecured convertible bonds.
Bellway confident of significant profit growth after solid start
Fri 12 December 2014 07:13
Housebuilder Bellway is looking forward to "another significant increase in profitability" this year after a solid start, with reservation rates up on last year.
BAE Systems completes acquisition of SilverSky for £144.4m
Fri 12 December 2014 07:09
Defence and security group BAE Systems has completed the acquisition of commercial cyber service provider Perimeter Internetworking, which trades as SilverSky, for £144.4m.
SAB Miller and Coca Cola appoint Coca Cola Africa's new CEO
Fri 12 December 2014 07:02
Brewing and beverage group SABMiller, soft drink giant The Coca-Cola Company and Gutsche Family Investments have named Hüseyin M. Akin as chief executive officer designate of Coca-Cola Beverages Africa.
P2P lending outfit Lending Club rockets in stock market debut
Thu 11 December 2014 17:05
Shares in peer-to-peer lender Lending Club's are rocketing in their stock market debut.
Friday preview: Investors await flurry of data from China, Europe, US
Thu 11 December 2014 14:35
Friday is set to be a quiet session in terms of corporate results, but the data calendar is looking pretty full, with a string of economic indicators due out in China, Europe and the US.
Pressfit plummets as it warns of possible share suspension
Thu 11 December 2014 12:22
Pressfit shares tumbled on Thursday after warning of a possible share suspension.
Wood Group wins $750m contract from BP
Thu 11 December 2014 08:53
Energy services firm John Wood Group has been awarded a five-year contract worth an estimated $750m from oil giant BP.
SuperGroup posts 30% drop in profits
Thu 11 December 2014 08:52
Superdry-owner SuperGroup suffered a 30% drop in pre-tax profits, warning of lower gross margins after unseasonable autumn weather weighed heavily on sales in the six month period ended 25 October.
Ocado reports jump in end-of-year sales
Thu 11 December 2014 07:59
Ocado Group has cheered its investors with news of a jump in gross sales during the 16 weeks to 30 November.
Bunzl revenues rise 6% in 2014 as company eyes acquisitions
Thu 11 December 2014 07:55
Distribution and outsourcing group Bunzl said revenues are expected to rise around 6% over 2014 at constant exchange rates, and said it sees further "opportunities" to invest and grow.
Polymetal agrees $80m five-year loan with Eurasian Development Bank
Thu 11 December 2014 07:55
Mining group Polymetal has entered a five-year non-revolving committed credit facility with Eurasian Development Bank (EDB) for $80m.
Keller Group wins Caspian region contract
Thu 11 December 2014 07:44
Ground engineering firm Keller Group has been awarded a contract for the supply and installation of precast piles in the Caspian region.
Sports Direct grows underlying H1 profits by 10%
Thu 11 December 2014 07:28
Underlying profits at Sports Direct rose by a tenth in the first half as decent top-line growth was met with a strong improvement in margins - a result the sports retailer described as "solid" considering the many headwinds it faced.
Whitbread LFL growth slows, but Costa owner still on track
Thu 11 December 2014 07:12
Whitbread, the owner of Costa coffee, Premier Inn and Beefeater, saw a slight slowdown in like-for-like (LFL) sales growth in the third quarter but said it remains on track to hit full-year forecasts.
Spectris acquires ESG for £36m
Thu 11 December 2014 07:07
Instrumentation and controls group Spectris has completed the acquisition of Canada-based Engineering Seismology Group (ESG) for £36m.
E-Bay may cut thousands of positions
Wed 10 December 2014 23:12
Online auctioneer E-Bay may reduce its overall headcount by 10% towards the start of 2015 as it prepares to split the company into two separately listed entities.
Microfocus reports decrease in operating cash-flows
Wed 10 December 2014 22:25
Business application software developer Micro Focus saw a sharp drop in profits at the half-year stage, driven by a fall in licence sales.
Jobs at risk as BP warns of $1bn restructuring plan amid oil-price plunge
Wed 10 December 2014 15:47
Oil major BP warned of $1bn of restructuring charges over the coming year on Wednesday, as turmoil in the crude market continued with prices dropping to a fresh five-year low.
Thursday preview: Whitbread and Sports Direct report interims
Wed 10 December 2014 15:24
Whitbread's third quarter interims on Thursday are expected to show 7.5% like-for-life growth at Premier Inn and 6.5% at Costa, according to Numis.
TUI AG announces "successful" full year following merger with TUI Travel
Wed 10 December 2014 14:42
German multinational travel and tourism company TUI AG on Wednesday said it has a "very successful financial year" after its merger with the UK's TUI Travel.
OPEC cuts forecasts for 2015 crude oil demand
Wed 10 December 2014 12:34
A jump in US shale supplies has prompted the Organization of Petroleum Exporting Countries (OPEC) to slash its projected volume of crude oil demand for next year to a 12-year low.
Stagecoach Group lowers FY profit expectations for US and UK bus operations
Wed 10 December 2014 12:33
Public transport group Stagecoach dropped sharply on Wednesday after announcing that full year profit from its UK and US bus operations will be lower than previously expected. said it is in an "excellent financial shape" despite a drop in its profit
Serco renews five-year contract with Australian immigration authorities
Wed 10 December 2014 09:01
Outsourcing giant Serco has renewed a five-year contract with an Australian government agency to provide on-shore immigration detention services
Carillion expects full-year revenue to be in line with 2013
Wed 10 December 2014 08:53
Construction group Carillion anticipates its total revenue for 2014 will be similar to the £4.1bn delivered in 2013, due mainly to a reduction in revenue from public-private partnerships (PPP).
N Brown sees trading improve in third quarter
Wed 10 December 2014 08:45
Home-shopping fashion retailer N Brown Group said that trading performance had improved since September following a reported decline in revenues.
Carillion joint venture selected for school building programme in the Midlands
Wed 10 December 2014 08:36
Carillion's joint venture with Equitix has been selected for a £190m public-private partnership project (PPP) in the Midlands under the priority school building programme.
Ashtead shares jump on record first-half profit, upbeat outlook
Wed 10 December 2014 08:11
Shares in Ashtead surged on Wednesday after the equipment-rental firm reported a big jump in first-half profits and lifted its full-year expectations.
Rolls-Royce announces £1bn share buyback
Wed 10 December 2014 08:09
Rolls-Royce Holdings on Wednesday announced a £1bn share buyback following the completion of the sale of its energy gas turbine and compressor business to Siemens.
US oversight of sanction compliance at Standard Chartered extended three years
Wed 10 December 2014 07:40
Standard Chartered will face a further three years of being under scrutiny from US authorities, after it was fined over £400m in 2012 for breaching American sanctions on Iran.
BG Group sells Australian gas pipeline for $5bn
Wed 10 December 2014 07:21
Natural gas giant BG Group is to raise $5bn (£3.2bn) from the sale of a gas pipeline in Australia which is planned to go towards reducing debt and future growth investments.
PZ Cussons takes hits from weak trading in Africa, depreciation in Naira
Wed 10 December 2014 07:08
High levels of disruption in the northern region of Africa and the 8% depreciation in the Nigerian Naira continued to negatively impact sales at PZ Cussons, dragging half-year group operating profits 4% below those for the same period last year.
Anglo American says falling commodity prices will hurt targets
Tue 09 December 2014 17:25
Anglo American's chief executive on Wednesday warned that falling commodity prices will affect targets.
Netdimensions signs deal with one of the world's largest manufacturing groups.
Tue 09 December 2014 16:17
Netdimensions rose on the news it has signed a new products and services contract with one of the world's largest manufacturing groups.
Wednesday preview: Ashtead reports, Chinese inflation, UK trade
Tue 09 December 2014 15:00
Ashtead's second quarter results are expected to reflect strong demand in the US and improving UK markets.
John Lewis reports 10.9% jump in sales
Tue 09 December 2014 10:41
Department store John Lewis has delivered a 10.9% year-on-year jump in its sales for the week ended 6 December.
Asos sees sales slow down despite Black Friday lift
Tue 09 December 2014 08:59
Online fashion retailer Asos saw its shares drop lower on Tuesday after reporting "challenging" trading conditions in the international markets during the first quarter of its financial year.
Soco International receives confirmation of potential of TGT field
Tue 09 December 2014 08:19
SOCO International said on Tuesday that its long standing view of the size and production potential of the TGT field offshore Vietnam had been confirmed by the now completed evaluation by ERC Equipoise.
Victrex beats annual profit forecasts, announces £43m special dividend
Tue 09 December 2014 07:47
Plastics group Victrex beat forecasts with a 9% increase in annual profits as the company noted continued momentum across its markets and gave a positive outlook for next year.
Support and resistance levels for the main equity benchmarks
Tue 09 December 2014 07:45
The following are the technical support and resistance levels for the major global equity benchmarks:
Land Securities sells two Scottish retail assets as portfolio reshape continues
Tue 09 December 2014 07:29
UK-listed property giant Land Securities has sold two retail assets in Livingston in West Lothian, Scotland, as it continues to refocus its shopping centre portfolio.
Tesco shares plummet as supermarket surprises with another profit warning
Tue 09 December 2014 07:05
Shares in Tesco plunged on Tuesday after the struggling supermarket chain published an unscheduled trading statement, guiding to at least a 58% drop in trading profits for the full year, much worse than feared.
Astrazeneca granted approval for opioid-induced constipation treatment
Tue 09 December 2014 07:05
Astrazeneca announced that, Moventig, its treatment for adults with opioid-induced constipation (OIC), has been granted marketing authorisation by the European Commission for patients who have had an inadequate response to laxatives.
Sale of Coutts International proceeding apace
Mon 08 December 2014 21:14
Royal Bank of Scotland (RBS) is seeking offers for the international arm of its private-wealth division, Coutts International, this week.
US Supreme Court refuses to hear BP challenge to Gulf payments
Mon 08 December 2014 17:13
The US Supreme Court has decided not to hear the case brought to it by BP over its liability for compensation claims resulting from the 2010 oil spill in the Gulf of Mexico.
Tuesday preview: UK industrial production, US small business confidence, Victrex annual results
Mon 08 December 2014 16:12
UK industrial production may have risen 1.8% in October following a 1.5% increase a month earlier, according to analysts' forecasts ahead of the release of data on Tuesday.
Lonmin stops furnace after finding leak
Mon 08 December 2014 12:43
Shares in mining group Lonmin declined after the company announced that it has stopped one of its furnaces following a leak of molten furnace matte.
Jardine Lloyd Thompson to acquire Hayward Aviation for £27m
Mon 08 December 2014 12:41
Insurance provider Jardine Lloyd Thompson (JLT) has agreed to acquire Hayward Aviation from Towergate Insurance in a deal worth £27m.
Nighthawk accelerates oil production
Mon 08 December 2014 12:16
US oil development and production company Nighthawk Energy has issued an upbeat production update, following increased production in newly drilled wells.
Vmoto signals encouraging year-end earnings
Mon 08 December 2014 11:54
Scooter manufacturer Vmoto has seen continued strong growth in its operations this year, with 2015 earnings expected to come in at the top end of guidance.
Kefi Minerals awarded second major licence in Saudi Arabia
Mon 08 December 2014 11:34
AIM-listed gold miner Kefi Minerals has been awarded its second major licence in Saudi Arabia.
Cohort lands triple contract win
Mon 08 December 2014 10:25
MASS, a subsidiary of technology group Cohort has been awarded three contracts to provide Electronic Warfare (EW) operational support services with a value of around £8m.
Circassia Pharma disappoints with ragweed allergy treatment study results
Mon 08 December 2014 09:43
Circassia Pharmaceuticals has disappointed with its top-line results from a study into a drug being developed for ragweed allergy.
PWC to conduct investigation into Quindell's accounting practices
Mon 08 December 2014 09:07
Embattled insurance outsourcer Quindell announced it has hired accounting firm PWC to carry out an independent review into its accounting practices.
Sainsbury could become target of activist share raid, report claims
Mon 08 December 2014 08:31
Sainsbury could become the target of a share raid that could lead to an attempt to take over of the supermarket giant, a report by the Telegraph said over the weekend.
Access Intelligence warns on both revenue and profit
Mon 08 December 2014 08:23
Software as a Service (SaaS) group Access Intelligence has warned that both its revenue profit will be below market expectations for the year ended 30 November, blaming the revenue recognition basis of the SaaS business model.
Gocompare valued at £190m as Esure buys remaining 50% stake
Mon 08 December 2014 07:46
UK insurer Esure has agreed to buy the remaining 50% stake of price-comparison group Gocompare.com Holdings for £95m.
Scottish Investment Trust warns of impact from US rate hike as profits fall
Mon 08 December 2014 07:44
Global investment trust group Scottish Investment Trust (SIT) on Monday reported a decline in annual profits and warned that an interest-rate hike in the States could rattle financial markets.
Ultra Electronics awarded Royal Navy contract
Mon 08 December 2014 07:29
Ultra Electronics Holdings has been awarded a £27m contract for the Royal Navy's Sonar 2050 Technology Refresh Programme.
IHG accepts £261m offer for Le Grand building in Paris
Mon 08 December 2014 07:06
Global hotels operator Intercontinental Hotels Group (IHG) has accepted a €330m (£261m) offer for its Le Grand building in Paris.
Carillion signs contract with Liverpool Football Club
Mon 08 December 2014 07:04
Carillion has signed a contract with Liverpool Football Club to deliver the expansion of its main stand to add around 8,500 seats and increase the overall capacity of Anfield Stadium to some 54,000.
Segro sells £36m worth of industrial estates
Mon 08 December 2014 07:02
Real estate investment trust Segro has sold seven regional German industrial estates and has agreed to dispose of a further three to Hansteen Holdings, for a total of €45.8m (£36.1m).
Saint Gobain set to secure controlling stake in Sika
Mon 08 December 2014 06:52
French building materials giant Saint-Gobain has announced plans to take a controlling stake in Swiss construction chemicals firm Sika for €2.3bn despite the opposition of the latter's board.
Wonga set to introduce lower costs loans
Sun 07 December 2014 16:46
Payday lender Wonga has reportedly begun trials of lower costs loans, ahead of a deadline set by the City regulator to comply with new regulations.
Premier Foods will simplify controversial demand for investment from suppliers
Sun 07 December 2014 14:42
Premier Foods, the owner of some of the most famous UK's food brands, will drop its request for investment from suppliers but will ask for a discount on the prices it pays for goods.
|FTSE All Share||3,621.81||-0.78%|
|Paris CAC 40||4,604.25||-0.59%|
|Tullow Oil plc||365.00||+4.02%|
|Dixons Carphone plc||435.00||+2.55%|
|BHP Billiton plc||1443.00||+2.09%|
|International Consolidated Airlines Group SA||544.50||-3.46%|
|Sainsbury (J) plc||255.40||-3.18%|
|Ashtead Group plc||1088.00||-2.77%|
|Morrison (Wm) Supermarkets||179.90||-2.70%|
|BT Group plc||417.90||-2.61%|
Articles on the economy and stock markets
26 January 2015
The anti-austerity party Syriza won this weekend's election and has formed a coalition government. Ben Brettell examines the implications.
26 January 2015
We look to Europe: the impact of last week's quantitative easing announcement, Greek election results and ongoing political instability in This week in ETFs.
22 January 2015
Ben Brettell, Senior Economist, comments on today’s announcement from the European Central Bank that QE will begin in March.