Company news from ShareCast
Facebook rolls out suicide prevention measures
Thu 26 February 2015 22:31
Facebook announced that it has added new resources to help people expressing suicidal or self-harming thoughts on the social network.
IBM warns of FX hit to earnings but pledges to pump $40bn into business
Thu 26 February 2015 16:45
US tech giant International Business Machines Corp, widely known as IBM, warned that the strength of the US dollar will reduce the company's revenue growth in the first quarter of 2015 by more than it had previously expected.
Friday preview: Lloyds hopes to recommence dividend as it reports full-year results
Thu 26 February 2015 15:51
Lloyds Banking Group is expected on Friday to announce its first dividend payment since its near-collapse in 2008 in its full-year results statement.
Retail fund sales sink sharply in January, says Investment Association
Thu 26 February 2015 15:28
Retail fund sales plummeted in January, according to the Investment Association, showing that investors were showing caution after sales reached a four-year high in 2014.
RBS's Swiss bank Coutts & Co under investigation for client tax evasion
Thu 26 February 2015 12:44
Following the admission of "unacceptable" tax evasion practices at HSBC on Wednesday, the Royal Bank of Scotland's Swiss private banking arm has also come under investigation by European authorities.
Bovis Homes appoints new finance director
Thu 26 February 2015 12:37
Bovis Homes Group has appointed Earl Sibley as its new finance director.
Capital & Counties total return jumps on strong London performances
Thu 26 February 2015 12:18
Property group Capital & Counties Properties said total return for 2014 rose 25% as a strong performance in the London property market drove an increase in its portfolio value.
Tesco loses two more directors as Garfield and Tammenoms step down
Thu 26 February 2015 11:34
Two more Tesco directors have decided to join chairman Sir Richard Broadbent in departing at the end of this week.
Emma Thompson and Greg Wise won't pay tax until HSBC execs "go to prison"
Thu 26 February 2015 11:11
Actor Greg Wise and Oscar winner Emma Thompson will stage an act of civil disobedience until HMRC cracks down on HSBC over the recent tax evasion scandal.
Auto Trader announces intention to float in March
Thu 26 February 2015 10:35
Auto Trader Group said on Thursday it intends to float in the London Stock Exchange.
Colt Group beats earnings by 6% but abandons capex plans
Thu 26 February 2015 10:34
Telecoms provider Colt Group delivered a solid set of results for 2014, beating earnings expectations by 6%.
Jupiter Fund Management boosts dividend on AUM growth
Thu 26 February 2015 10:27
London-listed wealth manager Jupiter Fund Management boosted its dividend on Thursday after its assets under management crept higher in 2014, lifting group pre-tax profits.
Kaz annual loss widens on low metal prices
Thu 26 February 2015 10:26
Kazakhstan copper miner Kaz Minerals cited lower metal prices and the sale of poorly performing assets as the reason for a wider annual net loss.
Derwent's full-year income benefits from higher rents on lettings
Thu 26 February 2015 10:22
Derwent said its full-year net rental income increased 5.8% to £128.7m, as the real estate investment group achieved higher margins on lettings.
Synthomer splashes out with special dividend after second-half recovery
Thu 26 February 2015 09:28
Chemicals group Synthomer has put a difficult year to bed, delivering full-year results slightly ahead of expectations and a special dividend after after a series of second-half downgrades.
Premier Oil suspends dividend payment due to oil price fall
Thu 26 February 2015 09:19
Oil producer Premier Oil suspended its dividend for the full year after swinging from a profit to a loss due to the fall in oil prices.
Merlin Entertainments rides Lego wave but valuation too "awesome" for market
Thu 26 February 2015 09:08
Legoland and Alton Towers theme park operator Merlin Entertainments reported strong annual growth in revenue and profit in 2014, as the number of visitors to its sites was boosted by the success of the Lego Movie.
Bodycote profits up but macro-economic uncertainties persisting
Thu 26 February 2015 08:49
Industrial materials engineer Bodycote saw its profits rise during its full year despite continuing macro-economic uncertainties.
RPS lifts dividend as annual profit rises
Thu 26 February 2015 08:44
Energy consultancy group RPS said higher revenue and fee income had driven annual pre-tax profit up in 2014.
Robert Walters boots 2014 operating profit by 80%
Thu 26 February 2015 08:41
The growing confidence in the corporate world helped London-listed staffer Robert Walters to increase full year operating profit by a whopping 80% to £18.2m.
National Express to drive expansion in North America, as annual profits grow
Thu 26 February 2015 08:24
Strong performance in its UK bus and coach operations drove annual profits at public transport group National Express up 7%.
Standard Chartered chief to step down in June, ex-JPMorgan banker Winters appointed
Thu 26 February 2015 08:23
Standard Chartered has appointed former JPMorgan investment banking boss Bill Winters as its new chief executive as it confirmed current boss Peter Sands will step down in June.
Howden Joinery hikes dividend and unveils buyback after excellent year
Thu 26 February 2015 08:18
After an excellent year in 2014, kitchens and joinery depot chain Howden Joinery has looked to share results of its strengthening cash flow via a larger dividend and £70m share buyback.
Ladbrokes to maintain annual dividend despite profit slump
Thu 26 February 2015 07:59
Bookmaker Ladbrokes said it will not cut its 2015 dividend, despite posting a 14% drop in annual profit.
Interserve performs well in 2014 despite competition in the international market
Thu 26 February 2015 07:58
Support services and construction group Interserve said its full-year saw strong growth despite challenging conditions in some of its markets.
Playtech achieves record full-year revenue and earnings
Thu 26 February 2015 07:55
Gaming giant Playtech has achieved record annual revenue and earnings on the back of acquisitions and partnerships.
Domino's Pizza boosts FY14 earnings despite weaker German performance
Thu 26 February 2015 07:53
Britain's most popular online pizza store, Domino's Pizza Group, reported an annual increase in earnings in 2014 and registered strong UK like-for-like sales growth but noted challenges in the German market.
Countrywide hikes divi after record 2014, warns of housing market sluggishness
Thu 26 February 2015 07:53
Countrywide, the biggest estate agency in the UK, reported a record performance in 2014 with profit soaring 63%, as it trebled its dividend and extended its share buyback.
BAT's annual profits hit by litigation charge and foreign exchange movements
Thu 26 February 2015 07:35
British American Tobacco (BAT) reported a drop in annual profit from operations as the cigarette maker was it by a non-tobacco litigation charge and foreign exchange movements.
RBS continues retreat from US markets
Thu 26 February 2015 07:34
Majority state-owned lender Royal Bank of Scotland continued its retreat from the US with the sale of a portfolio of North American loans to Japanese rival Mizuho bank.
CRH confident for 2015 after full year earnings top targets
Thu 26 February 2015 07:24
As it delivered full year earnings above recent guidance, building materials group CRH was confident of making continued growth in 2015 as construction conditions improve, commodity prices wallow and it completes the Lafarge-Holcim acquisition.
RSA Insurance Group returns to profit, recommences dividend
Thu 26 February 2015 07:14
RSA Insurance Group returned to annual profit and recommenced its dividend as it announced its chief financial officer is stepping down.
RBS reports £3.5bn loss, Davies new chairman, McEwan forgoes £1m bonus
Thu 26 February 2015 07:05
The Royal Bank of Scotland has more than halved its full year losses to reach £3.47bn as it continued to slim down its risk profile and confirmed the appointment of Sir Howard Davies as its new chairman in a shake-up of its top ranks.
Capita reports strong earnings growth in FY14
Thu 26 February 2015 06:50
Outsourcing and business services giant Capita reported strong headline full year earnings for 2014, growing its underlying pre-tax profit by 13% to £535.7m and boosting the dividend by 10% to 29.2p.
Reed Elsevier announces plans to combine UK and Dutch units as annual profits rise
Thu 26 February 2015 06:44
Reed Elsevier, the Anglo-Dutch "professional information company", has announced plans to simplify its corporate structure and rename itself RELX Group as it forecast another year of growth in 2015.
Hewlett-Packard shares drop on weak Q1 earnings
Wed 25 February 2015 17:20
US tech titan Hewlett-Packard shares plunged on Wednesday as the market reacted to the company's 4.7% first-quarter drop in revenue, driven by declines in its enterprise software business and flat PC sales.
Lego's profits soar in 2014 following strong global performance
Wed 25 February 2015 16:37
Lego has hailed 2014's performance as "highly satisfactory" following a 15% increase in both sales and profits.
GSK will complete Novartis three-way deal by end of next week
Wed 25 February 2015 16:33
UK drugs giant GlaxoSmithKline says it has made "good progress" on regulatory and legal issues towards completion of its deal with Swiss rival Novartis.
Thursday preview: RBS publishes full-year results
Wed 25 February 2015 16:27
Royal Bank of Scotland releases its annual results on Thursday amid a foreign exchange market rigging scandal.
Cigarette makers pay $100m to settle over 400 lawsuits
Wed 25 February 2015 16:09
Three US 'Big Tobacco' companies have agreed to pay £100m to settle with smokers or families of smokers who have fallen ill or died due to alleged tobacco-related medical conditions.
McDonald's accused of evading £730m in taxes by 'Unhappy Meal' report
Wed 25 February 2015 14:59
Fast food restaurant chain McDonald's has been accused of deliberately avoiding paying €1bn (£730m) in taxes.
HSBC boss set to face grilling by UK MPs over tax scandal
Wed 25 February 2015 12:59
The head honcho of HSBC is set be grilled by Ministers of Parliament on Wednesday over the bank's controversial Swiss operations and his own personal financial affairs, according to press reports.
IAG's Aer Lingus bid needs "firm commitments" says Irish government
Wed 25 February 2015 11:36
International Consolidated Airlines was reeling somewhat on Wednesday after the Irish government's after-hours rejection of its current offer, despite recent backing for the bid by the Dublin-based carrier's management.
Nektan clinches Channel 4 'Come Dine With Me' app deal
Wed 25 February 2015 11:22
Mobile gaming platform provider Nektan has reached an agreement with Channel 4 for a bingo game that will be branded after the television programme Come Dine With Me.
Gulf Keystone soars over 65% on sale speculation
Wed 25 February 2015 10:47
Oil producer Gulf Keystone Petroleum shares soared over 65% after saying it had opened negotiations with a number of parties over a possible sale of assets.
Sky shares rally on Citigroup's promotion to its top 'buy' list
Wed 25 February 2015 10:04
Shares in Sky poured on respectable gains in Wednesday's session after Citigroup retained a buy recommendation on the stock and promoted it to the bank's 'Focus List Europe'.
Carillion's UAE joint venture preferred bidder for £380m Dubai contracts
Wed 25 February 2015 09:25
Integrated support services Carillion said its United Arab Emirates joint venture business Al Futtaim was close to securing two deals worth a combined £380m.
Segro grows value of portfolio by dumping non-core assets
Wed 25 February 2015 08:57
Industrial property giant, Segro, grew the value of its portfolio by 12.9% to £4.8b in 2014 as it stayed on track of its three-year repositioning programme which saw the disposal of assets worth £1.6b.
Ultra Electronics to incur write-offs after Oman contract cancelled
Wed 25 February 2015 08:56
Ultra Electronics is up in arms after its joint-venture with the Oman Investment Corporation received a notice of termination on its contract to develop information technology services for the Oman Airport, and is aiming to try and recover costs.
Int'l Personal Finance's annual pre-tax profit rise on growth in Poland and Lithuania
Wed 25 February 2015 08:56
Home credit business provider International Personal Finance posted a 4.6% increase in full year pre-tax profit, driven by strong growth in Poland and Lithuania.
Henderson group posts "successful" interim results thanks to strong investments
Wed 25 February 2015 08:50
Investment management company Henderson Group reported a jump in profits for its full-year.
AO World issues "slight" profit warning as UK market proves difficult
Wed 25 February 2015 08:40
Online white goods retailer AO World has warned that a tougher UK market since Christmas will mean revenues and earnings will be "slightly below" market forecasts as the fanfare around its public listing died down.
Brit annual profit rises almost 40%
Wed 25 February 2015 08:36
Solid underwriting and investment performances saw insurer and takeover target Brit post a 39.7% increase in annual profit.
Man Group impresses with stellar profits growth
Wed 25 February 2015 08:17
Hedge fund giant Man Group impressed with full year results driven by acquisitions, with surging sales and performance fees from its AHL quant funds.
Hays boosts dividend on strong corporate confidence
Wed 25 February 2015 08:15
Hays, the British staffing specialist, raised its dividend after it posted a 10% rise in underlying net fees on strong corporate confidence in all of its major markets.
Kier Group H1 profits and revenues rise thanks to strong housing demand
Wed 25 February 2015 08:13
Property construction firm Kier Group saw its revenues rise 10.5% during the first half of the year driven by good performance in its property and construction divisions.
Supergroup boardroom upheaval continues as CFO replaced
Wed 25 February 2015 08:00
In four months under the whip of new chief executive Euan Sutherland, Supergroup has parted company with half the executives on the board after chief financial officer Shaun Wills was issued marching orders on Wednesday.
St James's Place beats profit forecasts and hikes final divi by 50%
Wed 25 February 2015 07:53
Wealth management group St James's Place (SJP) impressed City analysts on Wednesday with a strong set of annual results, as strong cash generation led it to hike its final dividend by 50%.
Weir Group hit by oil price decline woes
Wed 25 February 2015 07:28
Shares in British engineering giant Weir Group plummeted to the bottom of the FTSE100 index, falling as much as 10.6% to 1666p, after warning that the sharp decline in the price of oil will have a "significant reduction" in constant currency group revenue
Morrisons names former Tesco Asia head David Potts as new CEO
Wed 25 February 2015 07:10
Big Four supermarket chain Wm Morrison has named the former head of Tesco's Asian business as its new chief executive officer (CEO).
Barratt Developments delivers interims outperformance in spades
Wed 25 February 2015 07:08
Making the most of the strong housing market, housebuilder Barratt Developments has delivered first-half profits up over 70%, well ahead of expectations, as the its disciplined approach to growth paid off in spades.
British Land secures £485m new bank deal
Wed 25 February 2015 07:05
British Land has signed a £485m unsecured revolving credit facility (RCF), replacing on better terms a facility that would have matured in May 2016.
Petrofac profits beat forecasts, sees recovery in oil prices
Wed 25 February 2015 07:04
Oil field services outfit Petrofac delivered 2014 full-year profits at the bottom end of previous guidance, although it lowered its profit forecasts for 2015 exclusively as a result of the lower oil price.
Meggitt wins new contract for NET Power plant
Wed 25 February 2015 07:04
Meggitt subsidiary Heatric has won a multi-million dollar contract to deliver four printed circuit heat exchangers (PCHEs) by April 2016 ready to commission a demonstration plant in Texas. The NET Power plant is set for delivery in partnership with CB&I,
TSB's profits double on exceptional gain, interest margins steady
Wed 25 February 2015 07:02
TSB registered a small gain in profits before tax in 2014, on a slight gain in net interest margins.
Costa owner Whitbread expects annual results at top end of forecasts
Wed 25 February 2015 06:45
Hospitality group Whitbread said it expects full-year results to come in at the top end of expectations after a strong fourth quarter from its Premier Inn and Costa brands.
Wednesday preview: Eyes on Whitbread, Weir Group earnings and China manufacturing data
Tue 24 February 2015 18:32
Leisure and hospitality giant Whitbread is expected report its fourth quarter trading update on Wednesday. The update is likely to be welcomed by markets due to an improving UK consumer environment and strength in the hotel market.
RBS to withdraw investment bank from Asia
Tue 24 February 2015 12:57
Royal Bank of Scotland is planning to accelerate the withdrawal of the bank's investment division from Asia.
Yorkshire Building Society urges for easier system to switch current accounts
Tue 24 February 2015 12:01
Yorkshire Building Society said that authorities need to do more to push for greater competition in the financial services sector for the benefit of consumers.
Aviva Investors fined £17.6m by FCA
Tue 24 February 2015 11:28
Aviva Investors has been fined £17.6m by the Financial Conduct Authority (FCA) for systems and controls failings that meant it failed to manage conflicts of interest fairly.
Payday lender Wonga to slash 325 jobs
Tue 24 February 2015 10:46
Payday loan provider Wonga has unveiled plans to cut 325 jobs as part of its restructuring plans.
Elementis profits growth disappoints but extra cash funds special dividend
Tue 24 February 2015 10:05
Speciality chemicals group Elementis overcame a tough final quarter to deliver solid progress in pre-tax profit and sales for 2014 on the back of a strong performance in its North American business.
Ashmore Group second half earnings hit by emerging market concerns
Tue 24 February 2015 10:05
Diminishing investor sentiment toward emerging markets resulted in a 15% drop in assets for specialist money manager Ashmore Group in the second half of 2014.
Balfour Beatty to stagger planned pension deficit payments
Tue 24 February 2015 09:40
Infrastructure giant Balfour Beatty has agreed to delay a planned £85m pension deficit payment by spreading payments over eight years.
Provident Financial reports 'good start' to financial year
Tue 24 February 2015 09:26
Provident Financial reported slightly better-than-expected full-year results, with management adding the firm had made a "good start" to the financial year.
Croda lifts final dividend despite being hit by currency headwinds
Tue 24 February 2015 09:10
Strong currency headwinds hit specialty chemicals maker Croda International, which saw its annual pre-tax profit fall 6.4% to £235.4m.
Just Retirement jumps as profits fall much less than feared
Tue 24 February 2015 09:00
Shares in Just Retirement Group jumped to a six-month high on Tuesday thanks to better-than-expected bulk sales following the government's Budget pension reforms.
Genus on track to beat expectations
Tue 24 February 2015 08:30
Animal genetics group Genus said it was on track to beat its expectations for 2015 on the back of a strong first half performance, though it cautioned the second may see a slowdown from this fast start.
Meggitt profits crash 11% but return to growth expected in 2015
Tue 24 February 2015 08:11
Revenues fell 5% and profits 11% at Meggitt last year but the FTSE 100 aerospace parts supplier expects to return to growth in 2015 as its military market becomes more benign.
Drax earnings hit by biomass spending as 2015 looks "challenging"
Tue 24 February 2015 08:11
Despite a significant improvement in revenues and profits during 2014, Drax said its outlook for 2015 was challenging due to the erosion of 'dark green spread' gross margin.
Aer Lingus repeats "strong belief" in IAG merger as profits take off
Tue 24 February 2015 08:01
Increased travel on its long-distance routes saw Aer Lingus' full year operating profits rise 18% year-on-year to €72m (£52.76m).
Lonmin chief operating officer leaves after just six months
Tue 24 February 2015 07:56
The chief operating officer of Lonmin has resigned just six months after taking the job, with analysts concerned about the loss of senior staff at the platinum miner over the last year.
GKN predicts further growth as auto boosts 2014 underlying profits
Tue 24 February 2015 07:56
Engineering group GKN has forecast "another year of growth" after underlying profits improved in 2014, helped by a strong performance in its Driveline division.
NMC Health reveals profit boost for 2014, acquires Spanish clinic
Tue 24 February 2015 07:55
NMC Health has made a deal to purchase an 86.4% stake in the Spanish fertility clinic Clinica Eugin for €143m after revealing a profit boost for 2014.
Mondi earnings grow 13% as paper profits boosted by low oil price and exchange rates
Tue 24 February 2015 07:21
Despite a fall in revenues during a challenging economic period, South African paper maker Mondi has announced underlying full-year underlying profits before tax up 10% to €767m as it continued to invest heavily in capital projects.
Persimmon accelerates cash return and sees "supportive backdrop" for housing
Tue 24 February 2015 07:09
After delivering an outstanding set of results, in line with expectations, housebuilder Persimmon announced it was further accelerating its return of cash to shareholders.
BHP Billiton beats first-half profit forecasts
Tue 24 February 2015 06:56
BHP Billiton has pledged to keep its progressive dividend policy unchanged despite the proposed demerger of its non-core operations, as it beat forecasts with a less-than-expected decline in profits in the first half.
General Electric's $17bn deal with Alstom under probe by EU
Mon 23 February 2015 18:00
The European Union (EU) has opened a probe into General Electric's planned acquisition of French group Alstom SA's energy arm.
Premier Oil closes Kenyan well, partner cites failure to find hydrocarbons
Mon 23 February 2015 17:44
Premier Oil revealed on Monday that it has officially left the Badada-1 exploration well in Kenya. The company drilled the well within budget, according to its statement, and plugged it in compliance with standard regulations.
RBS to appoint Sir Howard Davies as chairman
Mon 23 February 2015 16:08
Royal Bank of Scotland (RBS) is set to appoint Sir Howard Davies as its new chairman, according to reports.
Apple spending €1.7bn on data centres in Ireland, Denmark
Mon 23 February 2015 15:55
Apple is spending €1.7bn (£1.25bn) to construct its first two data centres in Europe, following in the footsteps of US tech groups Amazon.com and Salesforce.com
BAT to buy remaining stake of its Brazilian unit
Mon 23 February 2015 15:23
Tobacco industry giant British American Tobacco (BAT) is set to buy out the minority in its Brazilian arm for about $3bn (£1.94bn).
Tuesday preview: GKN, BHP Billiton report earnings
Mon 23 February 2015 15:11
GKN is expected on Tuesday to report an increase in annual earnings, driven by a strong performance in the civil aerospace and automotive divisions.
Dechra Pharmaceuticals reports increase in half-year earnings after expansion
Mon 23 February 2015 10:33
Dechra Pharmaceuticals reported an 11.7% increase to £23.1m in first half underlying operating profits at a constant exchange rate, boosted by European sales growth.
DCC completes disposal of Robert Roberts and Kelkin
Mon 23 February 2015 10:15
DCC has completed the sale of food and beverage divisions Robert Roberts and Kelkin to Irish group Valeo Foods, following clearance from the Competition and Consumer Protection Commission.
Hansteen increases stake in industrial property portfolio
Mon 23 February 2015 09:57
Hansteen has bought a further 24.2m units in the Ashtenne Industrial Fund (AIF) for £11m.
DS Smith acquires Duropack, performance in line with expectations
Mon 23 February 2015 08:59
Packaging group DS Smith said on Monday it intends to buy Duropack, a recycled corrugated board packaging business for €300m.
Unite enjoys "highest ever" student intake in 2014
Mon 23 February 2015 08:22
The student accommodation developer Unite increased its revenues and profits during the full-year thanks to a high student intake for the academic year of 2014/15.
HSBC reports 17% drop in annual pre-tax profit
Mon 23 February 2015 08:17
HSBC has reported a 17% drop in pre-tax annual profit to $18.68bn, after the lender was hit by fines for its involvement in the foreign exchange rigging scandal.
Balfour Beatty JV wins Hong Kong residential project
Mon 23 February 2015 08:05
Balfour Beatty's joint venture Gammon Construction has scored a HK$3.2bn contract to build a major residential development in Hong Kong.
Bovis Homes hikes dividend by 159% after profit surge in 2014
Mon 23 February 2015 07:58
As previously guided, housebuilder Bovis Homes has hiked its full-year dividend by 159% after a surge in profits in 2014, helped by a record year for legal completions.
Antofagasta trims cost guidance for 2015 on lower peso and oil prices
Mon 23 February 2015 07:45
Chilean copper miner Antofagasta has guided to lower-than-expected cash costs in 2015.
Shire completes tender offer for NPS Pharma shares
Mon 23 February 2015 07:30
Shire has successfully completed a tender offer for all outstanding shares of NPS Pharmaceuticals.
Bunzl delivers small profit increase for 2014.
Mon 23 February 2015 07:26
Distribution group Bunzl published its full-year results for 2014 on Monday, revealing a small increase in pre-tax profit, as the company announced its latest two acquisitions, Quirumed in Spain and Jan-Mar Sales in Canada.
Primark owner AB Foods reiterates guidance after in-line first half
Mon 23 February 2015 07:02
Primark owner and food ingredients group Associated British Foods (ABF) reiterated its guidance for a small fall in full-year profits this year, saying that underlying trading in the first half has been in line with expectations.
Morgan Stanley picks Lloyds and Barclays as banks play "catch up"
Fri 20 February 2015 15:53
Morgan Stanley thinks European banks might now "start to play catch up" after an unusual period of underperformance in an improving macroeconomic environment.
IAG's offer for Aer Lingus 'not persuasive' enough, says Irish minister
Fri 20 February 2015 15:24
International Consolidated Airlines' (IAG) offer to buy a 25% stake in Aer Lingus was not persuasive enough, according to a senior Irish government minister.
Lufthansa scraps dividend for 2014 on IT division sale and pension liabilities increase
Fri 20 February 2015 15:19
German airline Lufthansa announced it won't pay out a dividend, after the sale of its IT division, an increase in pension liabilities and fuel hedging provisions weighed on its full-year earnings.
Citigroup's co-president to step down in June
Fri 20 February 2015 15:05
Manuel Medina-Mora, Citigroup's consumer operations and co-president, has announced he will step down in June.
US manufacturing activity growth unexpectedly accelerates in February
Fri 20 February 2015 14:50
US manufacturing activity growth unexpectedly accelerated in February, Markit data revealed on Friday.
BAE Systems secures £859m contract with British Government
Fri 20 February 2015 14:44
BAE Systems secured on Friday a £859m deal with the British Government for the production of Royal Navy frigates.
RBS under pressure to cut Coutts sale price
Fri 20 February 2015 11:18
Royal Bank of Scotland may have to endure a cut price sale or shelve its plans to dispose of Zurich-based Coutts International due to recent scandals around tax evasion at Swiss banks.
Man Group acquires Japan equities specialist NewSmith for 'under $50m'
Fri 20 February 2015 10:14
Man Group, the hedge fund company, has agreed to acquire the investment management business of NewSmith for an undisclosed sum, estimated to be less than $50m.
Bank of Georgia grows profits 15% but forecasts GDP to falter in 2015
Fri 20 February 2015 08:56
Thanks to a strong fourth-quarter for customer lending and its expansion into healthcare over the year, Bank of Georgia produced record annual revenues, profits and earnings in 2014.
Nostrum Oil & Gas confirms 550m barrels of P2 reserves
Fri 20 February 2015 08:23
The level of proved and probable oil reserves at licences owned by Nostrum Oil & Gas was confirmed at more than 550m barrels, after an independent audit.
Essentra's elevated earnings exceed expectations
Fri 20 February 2015 08:13
Accelerated sales momentum in the last three months of the year helped plastics group Essentra exceed expectations for 2014, with the bolt-on acquisition of Specialty Plastics in Australia also confirmed on Friday for an undisclosed cash sum.
Standard Life beats profits forecasts as Ignis purchase provides a boost
Fri 20 February 2015 07:23
Insurance giant Standard Life said the recent acquisition of Ignis helped it to increase assets under administration (AuA) by 38% in 2014, while profit growth and the final dividend came in ahead of City forecasts.
Starbucks to start serve alcohol at Stansted Airport
Thu 19 February 2015 17:26
Coffee giant Starbucks has unveiled plans to begin offering wine and beer to its customers in the evenings.
Burger King experiments with home delivery
Thu 19 February 2015 16:31
Burger King has begun a three-month trial period of home delivery from eight of its restaurants.
Spire Healthcare wins planning permission for new Manchester hospital
Thu 19 February 2015 16:25
Private hospital group Spire Healthcare has won planning permission to develop a £63m hospital in West Didsbury, South Manchester.
Friday preview: UK retail sales figures, Eurozone manufacturing PMI
Thu 19 February 2015 15:21
UK retail sales may have fallen in January, according to forecasts ahead of the Office for National Statistics' (ONS) report on Friday.
Wal-Mart falls as sales miss expectations, announces $9 hourly wage plans
Thu 19 February 2015 14:47
Wal-Mart Stores shares fell more than 3% on Thursday, after the company's fourth quarter sales rose but missed expectations.
Asda eyes tough year ahead after fourth-quarter disappointment
Thu 19 February 2015 14:44
Poor fourth-quarter results dragged down full year sales at Asda, the UK supermarket chain owned by Wal-Mart, despite an extra £100m invested in prices.
Barclays, Lloyds and RBS cutting bonuses by 15%
Thu 19 February 2015 14:18
Three British banks are planning to reduce their bonus pot for 2014 by 15% compared with previous years, according to reports.
Nestle profits soar but sales slip
Thu 19 February 2015 12:27
Food giant Nestle said its net profit for 2014 soared after it sold its stake in French cosmetic group L'Oreal.
Bestway Group interim profits rise 45%
Thu 19 February 2015 11:58
Cash and carry operator Bestway Group saw its full-year profits increase 44.7% thanks to growth in all its divisions.
Co-op unveils former Asda chief Leighton as new chairman
Thu 19 February 2015 11:57
Former Asda chief executive Allan Leighton has been appointed as the new chairman of The Co-operative Group.
City of London trust sees interim net return plunge
Thu 19 February 2015 09:43
Investment group City of London Investment Trust lifted its net asset value in the first half but suffered plunging net returns on ordinary activities before tax from £100.22m to £25.62m.
Petra Diamonds raises full-year guidance as market stabilises
Thu 19 February 2015 08:57
Diamond mining group Petra Diamond has raised production guidance from 3.2m to 3.3m carats for the 12 months to 30 June.
Go-Ahead H1 in line with expectations despite difficulties in bus division
Thu 19 February 2015 08:32
Public transport operator Go-Ahead said its first-year results were in line with expectations but the second half might see a slowdown in revenue growth due to lower passenger journeys in its Go North East and Oxford Bus company.
Kennedy Wilson completes acquisition of Park Inn hotel loan portfolio
Thu 19 February 2015 08:25
Kennedy Wilson Europe Real Estate has completed the acquisition of the Park Inn hotel loan portfolio for £61.5m.
Rexam agrees to £5.4bn takeover, predicts tough year ahead
Thu 19 February 2015 08:20
The board of drinks packaging group Rexam has agreed a £5.4bn takeover by US rival Ball Corporation, a much larger higher valuation than had been expected by the market.
Centrica slashes dividend policy 30% due to oil and gas prices
Thu 19 February 2015 08:00
With oil and gas prices plummeting, Centrica has taken dramatic action by slashing its 2014 dividend, future payout policy and capital expenditure plans, as well as warning that earnings for next year will be lower than expected.
BAE Systems sees marginal earnings growth after 2014 decline
Thu 19 February 2015 07:51
Sales and underlying profits at BAE Systems fell in 2014 though the defence contractor met guidance and said its larger order backlog of £40.5bn continues to provide good visibility for the future.
SABMiller CFO resigns with immediate effect
Thu 19 February 2015 07:31
SABMiller's chief financial officer Jamie Wilson has resigned with immediate effect from the company for personal reasons.
Sports Direct reiterates guidance despite Christmas slowdown
Thu 19 February 2015 07:16
High street sportswear retailer Sports Direct said it is confident of increasing profits this year despite a significant slowdown in sales growth in its third quarter.
Ball closes in on Rexam deal
Wed 18 February 2015 19:31
US packaging giant Ball is closing in on a deal to buy sector peer Rexam, in a move that would give see it become the world's largest can maker.
Apple orders 6m units of Apple Watch ahead of April launch
Wed 18 February 2015 17:41
During the first quarter, Apple has ordered six million units of its three Apple Watch models ahead of the official launch in April.
Fitch puts Brit on rating watch negative
Wed 18 February 2015 17:38
Fitch Ratings has placed Brit's long term issuer default rating of BBB+ on Rating Watch Negative.
Hargreaves Lansdown launches free withdrawals scheme for pensioners
Wed 18 February 2015 16:19
Hargreaves Lansdown, one of Britain's biggest financial firms, has launched a new "drawdown" service that offers free cash withdrawals to pensioners.
Sony to spin off video-audio unit in a bid to return to profit
Wed 18 February 2015 16:09
Japanese conglomerate Sony announced on Tuesday that it would be spinning off its video and sound business into a separate wholly-owned subsidiary as it attempts to return to profit.
Thursday preview: ECB publishes meeting minutes for the first time
Wed 18 February 2015 15:58
The European Central Bank (ECB) on Thursday publishes minutes of its monetary policy decision for the first time.
Rolls-Royce to enter 'lucrative' SUV market
Wed 18 February 2015 15:32
Luxury carmaker Rolls-Royce is set to enter the sport utility vehicle (SUV) markets, to keep pace with some of its many rivals.
FCA fires warning to firms about insider trading
Wed 18 February 2015 15:11
The Financial Conduct Authority (FCA) has warned most asset management firms are not doing enough to curb insider trading and suggested ways for firms to monitor and counter market abuse.
RBS and Lloyds to maintain cap on cash bonuses
Wed 18 February 2015 14:51
Cash bonuses at Royal Bank of Scotland and Lloyds Banking Group will remain restricted to £2,000.
BAE Systems wins Indian Hawk jet extension
Wed 18 February 2015 14:00
BAE Systems has won a five-year deal with an existing Indian state client to provide services for the Hawk trainer jet and begun negotiations on a further Hawk order.
Swiss prosecutors search HSBC premises in Geneva
Wed 18 February 2015 09:29
HSBC's Swiss arm was searched by prosecutors on Wednesday as part of a new money-laundering investigation, amid reports the bank helped clients dodge significant amounts of tax but hiding funds overseas.
Betfair acquires US horseracing TV network
Wed 18 February 2015 08:27
Betfair Group said on Wednesday its TVG division has acquired an US horseracing television network from the Stronach Group.
Balfour Beatty invests in wind farm transmission project offshore Wales
Wed 18 February 2015 08:03
Infrastructure group Balfour Beatty has completed the purchase of the £352m Gwynt y Môr offshore transmission project (OFTO) in Wales, which connects a 576MW wind farm to the onshore transmission grid.
Witan Investment Trust recruits new investment director from Cayenne
Wed 18 February 2015 07:37
Witan Investment Trust has recruited the latest member of its investment team.
RSA Insurance sells stake in Indian joint venture
Wed 18 February 2015 07:30
FTSE 100 insurer RSA has sold its minority holding in Royal Sundaram Alliance, its joint venture in India.
SSE acknowledges official statement released by CMA on energy investigation
Wed 18 February 2015 07:24
SSE has publicly acknowledged an updated Issues Statement published by the Competition and Markets Authority (CMA) bout the supply and acquisition of energy in Britain.
Coca-Cola HBG volumes fizz but earnings dented by forex
Wed 18 February 2015 07:11
Coca-Cola HBC, the Greece-based drinks bottler, enjoyed improved volumes and lower sugar and oil costs in the final few months of the year but earnings were hit by worsening currency movements.
Tesco steals Dixons Carphone chairman John Allan as Broadbent replacement
Tue 17 February 2015 17:30
Supermarket giant Tesco has appointed John Allan as its new chairman to replace Richard Broadbent who resigned following an accounting scandal last October.
Morrison halves prices on 'staples' in sales turnaround effort
Tue 17 February 2015 16:26
Morrison plans to cut the prices of over 130 staple products in a bid to win back customers and turn sales around.
Wednesday preview: BoE and Federal Reserve publish meeting minutes
Tue 17 February 2015 15:36
The Bank of England (BoE) releases on Wednesday the minutes of its Monetary Policy Committee meeting held on 5-6 February.
China plans to merge largest oil companies
Tue 17 February 2015 15:03
Beijing is looking into different merger combinations of its largest state oil companies in order to cut internecine inefficiencies and create "our own Exxon Mobil".
Amazon UK website down twice in 24 hours
Tue 17 February 2015 13:56
Amazon UK was down twice on Monday following an outage during the weekend, leaving users unable to access content on the Prime service.
Lifeline Scientific shares jump thanks to interim revenues ahead of expectations
Tue 17 February 2015 11:47
Lifeline Scientific said it expects to report full year revenues ahead of market expectations thanks to a strong performance in the US and increasing orders from China.
Tesco to pay £20,000 into community fund after abandoning store sites
Tue 17 February 2015 11:26
Tesco will pay £20,000 to support two Cambridgeshire communities affected by deserted stores, namely a "ghost site" that will never open and another that was cancelled in the early building stages.
Hargreaves Services warns on profits due to coal and coke turmoil
Tue 17 February 2015 09:41
Shares in Hargreaves Services fell on Tuesday after first-half results were hit by turmoil in its coal and coke markets, with management warning of a "significant reduction" in expectations for the full year.
Galliford Try sees record performance at half-year stage
Tue 17 February 2015 08:47
Homebuilder Galliford Try achieved strong revenue and profit growth in the first six months of the year, which allowed management to unveil a 47% boost to its interim dividend pay-out.
Wood Group hikes dividend 25% and says opex focus will deliver resilience
Tue 17 February 2015 07:56
Oil and gas engineer John Wood Group grew sales and profits by double-digit rates last year and said its focus on operational expenditure should allow it to remain resilient and deliver growth despite the lower oil price environment.
HICL Infrastructure unveils new French PPP investment
Tue 17 February 2015 07:13
HICL Infrastructure Company (HICL) has bought an 85% ownership interest in a Paris public-private partnership (PPP) project after reaching financial close on Monday.
AstraZeneca reports board re-shuffle, hires new director
Tue 17 February 2015 07:04
AstraZeneca has proposed that Cornelia Bargmann be elected as a non-executive director at the company's annual general meeting on 24 April 2015. Once elected, the company claimed that it would also like to appoint Bargmann to AstraZeneca's Science Committ
IHG beats forecasts for 2014 after strong US RevPAR performance
Tue 17 February 2015 07:03
Intercontinental Hotels Group (IHG) managed to narrowly beat analysts' forecasts with a smaller-than-expected decline in annual profits, as it predicted a "continued strong performance" in 2015.
NMC Health channels $825m into financing facility
Mon 16 February 2015 18:13
NMC Health has secured a $825m financing facility from a range of international and regional banks through its NMC Healthcare LLC subsidiary.
Tuesday preview: UK inflation report forecast to show slowdown
Mon 16 February 2015 15:06
UK inflation data on Tuesday is expected to show consumer price growth eased in January amid a slump in oil prices.
Genus buys 51% stake of In Vitro Brasil
Mon 16 February 2015 15:05
Genus said on Monday it will acquire a major stake in In Vitro Brasil (IVB), a bovine in-vitro fertilisation technology provider.Its bovine genetics business ABS will buy 51% of the share capital of IVB for £4.6m.
Infinis Energy delivers strong Q3 despite oil price affecting wholesale power prices
Mon 16 February 2015 14:04
Infinis Energy said on Monday that despite the drop in oil prices it delivered a solid operational performance during the third quarter of the year.
Acacia Mining boosts dividends 40% after increased earnings for 2014
Mon 16 February 2015 12:14
Acacia Mining recorded increased earnings for 2014 despite reporting flat earnings in 2013 after it brought in "stringent" capital controls allowing the company to boost its full-year dividend by 40%.
Fidessa takes a pounding from strong sterling
Mon 16 February 2015 10:33
Fidessa Group reported a 9% fall in full-year pre-tax profit to £39.1m, reflecting the strength of the pound against currencies in other markets.
US court invalidates Astrazeneca's asthma drug
Mon 16 February 2015 10:11
Astrazeneca's patent on its Pulmicort Respules treatment for asthma has been ruled by a US court as invalid.
Hunting warns of unclear and challenging short-term outlook
Mon 16 February 2015 09:57
The rapid and unexpected drop in oil prices has left all actors in the sector scratching their heads as to when and at what level prices will stabilise.
Land Securities buys interest in East London site
Mon 16 February 2015 09:12
Land Securities has agreed to buy the leasehold interest in an 1.9 acre site in East London for £16.5m.
Aer Lingus hires new CEO amid IAG takeover negotiations
Mon 16 February 2015 08:19
Aer Lingus has hired a new chief executive officer (CEO) amid news the company is negotiating a potential takeover by IAG.
Hammerson reports 11.3% rise in full-year net asset value amid rising rent demand
Mon 16 February 2015 07:41
Retail giant Hammerson recorded a 11.3% increase in full-year net asset value as rising demand gave rental growth a boost.
888 terminates takeover talks with potential bidder William Hill
Mon 16 February 2015 07:25
Online gambling group 888 Holdings was "unable" to agree on the terms of a possible takeover by William Hill and talks have been called off.
Balfour Beatty disposes of 80% Thanet share for £40m
Mon 16 February 2015 07:15
Balfour Beatty has disposed of an 80% interest in the Thanet offshore transmission project for £40m.
Aer Lingus board to recommend IAG take-over offer
Fri 13 February 2015 17:44
Following the close of trading on Friday Ireland's flag airline carrier recommended to its shareholders the take-over bid tabled last month by rival IAG.
Bwin.Party plunges as potential investors' interest folds
Fri 13 February 2015 16:49
Bwin.Party plummeted on Friday, after reports emerged that potential suitors are rumoured to have lost interest in acquiring the betting group.
Afren plummets after calling off talks with Seplat
Fri 13 February 2015 14:37
Oil explorer Afren has called off negotiations with Seplat Petroleum regarding a possible bid for the company.
Kraft Foods posts losses from benefit plans as 3 senior staff leave
Fri 13 February 2015 13:23
Kraft Foods revealed that its chief financial officer and two other senior executives were set to leave the company, prompting a quarterly loss from pension plan charges.
Jardine Lloyd to sell stake in Milestone to Ardian for £82m
Fri 13 February 2015 13:01
Insurance group Jardine Lloyd Thompson has reached a deal with French private equity house Ardian to sell its 26.2% stake in Milestone, the holding company of JLT's French associate, Siaci St Honoré.
British Gas takes over AlertMe for £44m
Fri 13 February 2015 12:41
British Gas will acquire AlertMe, an energy and home monitoring hardware company, for £44m, its parent Centrica announced on Friday.
Riverstone Energy's net asset value increases despite falling oil price
Fri 13 February 2015 12:11
Riverstone Energy saw its net asset value increase through 2014, claiming that the low world price of crude will allow the company to continue to invest on favourable terms.
Virgin Media unveils cable network expansion plan
Fri 13 February 2015 11:34
Virgin Media unveiled plans to challenge rival BT by extending its cable network to an extra 4m homes and businesses.
RPS buys Klotz Associates for $24.1m
Fri 13 February 2015 11:18
RPS has bought Klotz Associates, a US consultancy providing engineering, planning and environmental services, for $24.1m.
ArcelorMittal cuts debts but warns about profits
Fri 13 February 2015 09:50
Steel giant ArcelorMittal said its annual profits for 2015 will be lower than in 2014, adding it had successfully managed to cut its debts to the lowest since 2006.
Kier Group wins £177m worth of contracts
Fri 13 February 2015 08:19
Kier Group has scored £177m worth of contracts including the redevelopment of Birmingham Women's Hospital and a new emergency and paediatrics wing at Scarborough Hospital in York.
Fresnillo hit by FX and write-downs, but revalues Silverstream higher
Fri 13 February 2015 08:09
Mexican precious metals miner Fresnillo delivered a mixed update on Friday as it explained how movements in foreign exchange, the revaluations of assets and depreciation would affect its 2014 results.
Shire in talks to take over Salix Pharmaceuticals, reports say
Fri 13 February 2015 08:06
Shire is preparing to make a bid for Salix Pharmaceuticals, a drugmaker based in the US, according to reports.
Anglo American swings to annual loss after $3.9bn impairment charge
Fri 13 February 2015 07:30
The recent plunge in iron ore prices has prompted mining giant Anglo American to write-down the value of certain assets by $3.9bn, pushing the company into the red for the 2014 financial year.
Rolls-Royce reports weaker 2014 profits, expects further declines this year
Fri 13 February 2015 07:27
Rolls-Royce reported an underlying revenue drop of 6% in its full-year results for 2014, caused by reduced defence-customer spending and falling commodity prices.
British Land begins Paddington Central office development
Fri 13 February 2015 07:08
British Land has begun development of a new 146,000 square foot office building at Paddington Central.
Severn Trent on track to hit full-year forecasts, but costs rise
Fri 13 February 2015 07:02
Water and sewerage services company Severn Trent said in a third-quarter update that it is on track to hit expectations this financial year, though inflation and taxes will lead to higher operating costs.
Expedia to acquire Orbitz Worldwide in £900m deal
Thu 12 February 2015 19:48
Online travel company Expedia has announced it will acquire sector peer Orbitz Worldwide for $1.38bn (£900m).
TripAdvisor jumps on ad sales and user traffic
Thu 12 February 2015 19:09
TripAdvisor shares soared on Thursday, after the world's largest travel website announced strong ad sales and user traffic on its website.
Rio Tinto unveils plans for $2bn share buyback as quarterly profits beat estimates
Thu 12 February 2015 17:01
Mining giant Rio Tinto unveiled plans to invest $2bn (£1.30bn) in a share buyback, after the company's annual profit beat estimates.
Shire off to a flying start in 2015, as quarterly revenue grows 19%
Thu 12 February 2015 16:13
Drugmaker Shire said 2015 had got off to a strong start, on the back of the company's biggest purchase to date and the approval of the first drug to treat binge-eating disorder.
Kellogg's misses estimates with soggy Q4, sales target lowered
Thu 12 February 2015 16:06
Shares in Kellogg's dropped on Wall Street on Thursday after the American cereal maker missed analysts' forecasts with its fourth-quarter results and lowered its long-term target for sales.
Morgan Advanced halves annual profits but reports strong finish to 2014
Thu 12 February 2015 15:05
Carbon and ceramic products manufacturer Morgan Advanced Materials finished the year strongly after profit before tax exceeded analysts estimates.
Friday preview: Eurozone GDP, US consumer confidence, Anglo American finals
Thu 12 February 2015 14:53
The Eurozone may have grown 0.2% in the fourth quarter, matching the pace of the previous three months, according to forecasts ahead of Friday's gross domestic product data.
Galliford Try secures £40m contract in Northampton
Thu 12 February 2015 14:15
Housebuilding group Galliford Try has secured a £40m contract to build a new headquarters for Northamptonshire County Council.
Supergroup surprises as COO squeezed out
Thu 12 February 2015 12:13
Supergroup has parted company with chief operating officer Susanne Given, with the shock announcement sending the shares lower on Thursday afternoon.
Ryanair challenge rejected by Court of Appeal, eyes Supreme Court
Thu 12 February 2015 11:58
Ryanair will appeal to the supreme court after its attempt to hold onto its major stake in fellow Irish carrier Aer Lingus was knocked back by the UK Court of Appeal on all grounds.
Morrisons looks for new CEO and scraps Philip's controversial mist machines
Thu 12 February 2015 11:55
Retailer Wm Morrison said on Thursday it is "making good progress" with the search for a new chief executive as Dalton Philips is due to step down next Monday.
DCC reiterates full-year profit forecasts if cold weather holds
Thu 12 February 2015 09:49
Irish sales, marketing and distribution group DCC said its operating profit during the third quarter ended on 31 December was ahead of last year's and reiterated its growth forecasts for the full-year.
Lancashire declares surprise special dividend and strong final results
Thu 12 February 2015 08:15
Insurer Lancashire Group pleased investors with a bumper set of final results and a large surprise special dividend of $0.50 per share.
Imperial Tobacco sparked up by growth brand migration
Thu 12 February 2015 08:06
Strong performance from its growth brands in the first quarter helped offset declines elsewhere and left Imperial Tobacco confident of hitting its full year targets, though currency rates will hit earnings more than previously warned.
BT launches £1bn placing to help fund EE takeover
Thu 12 February 2015 08:02
Telecoms group BT has revealed details of its £1bn placing to help fund its £12.5bn takeover of UK mobile network EE.
Rio Tinto hikes full-year divi 12%, proposes $2bn cash return
Thu 12 February 2015 07:21
Mining group Rio Tinto has pledged to return nearly $6bn to shareholders in respect of 2014 after hiking its full-year dividend by 12% and announcing a $2bn share buyback.
Zoopla loses 11% of advertisers after rival launches in January
Thu 12 February 2015 07:09
Zoopla Property Group reported an 11% decrease in total advertising members over the past year, which it claims was due to the launch of Agents' Mutual 'only one-other portal' rule.
United Airlines offers transatlantic flights from Denmark for £50 after glitch hits website
Wed 11 February 2015 18:20
US carrier United Airlines inadvertently offered first-class transatlantic flights for as little as £50 because of a glitch on its website.
Billington jumps after announcing full-year results will be above expectations
Wed 11 February 2015 15:28
Structural steel and construction safety company Billington Holdings said its full year results will be above expectations thanks to an improvement in performances during the last six months of 2014.
Keller settles on 2008 litigation claim
Wed 11 February 2015 15:21
Keller has reached an agreement to settle against potential litigation, meaning final costs against a UK project dispute are not expected to exceed £60m.
Thursday preview: BoE presents Inflation Report
Wed 11 February 2015 14:52
The Bank of England (BoE) is expected to cut its forecasts for consumer prices to near zero when governor Mark Carney presents the central bank's Inflation Report on Thursday.
City of London Investment profits rise on FuM growth
Wed 11 February 2015 14:03
Asset management company City of London Investment Group said its funds under management edged higher over the course of 2014, leading to an increase in pre-tax profit and revenue in the first half of the year.
Capita to take over Fera food and environment agency
Wed 11 February 2015 13:40
Capita has secured an 10-year deal to partner the UK government in operating the Food and Environment Research Agency (Fera) as part of an effort to drive national growth in the UK's agri-food industry.
QinetiQ Group remains confident despite "challenging markets" and defence cuts
Wed 11 February 2015 11:22
Qinetiq stated that expectations for the current financial year remain stable in the face of "continuing challenging markets".
Smartphone theft falls 50% in London after 'kill switch' installation
Wed 11 February 2015 10:41
Smartphone theft fell 50% in London, 27% in San Francisco and 16% in New York in 2014, according to city officials.
Homeserve says business is in line with expectations
Wed 11 February 2015 10:38
Homeserve, a home emergency repairs business, said its business in trading in line with expectations with strong performance both in the UK and internationally.
TeleCity reveals Interxion data centre merger, dividend boost and £400m buyback
Wed 11 February 2015 10:27
Along with a target-hitting set of final results and a new share buyback programme, data centres group Telecity Group has agreed a merger with New York-listed rival Interxion.
Electrocomponents' sales surge in second half
Wed 11 February 2015 10:17
Sales at Electrocomponents surged considerably higher in the four months to the end of January, as France returned to growth and North America accelerated, though the UK market remains tough.
Atkins keeps full-year outlook unchanged
Wed 11 February 2015 10:14
Atkins is trading in line with management's expectations and the full-year outlook remains unchanged, the engineering company said on Wednesday.
Indivior slashes forecasts due to generics and European austerity measures
Wed 11 February 2015 09:27
Investors were disappointed with maiden annual results from Indivior after being hived off from former parent Reckitt Benckiser, as net income sank at a double-digit rate and management slashed revenue guidance for 2015.
Strong housing demand during H1 drives Redrow revenues and profits higher
Wed 11 February 2015 09:18
Housebuilder Redrow reported a strong set of half-year results driven by strong demand for new homes and welcomed changes to stamp duty.
Balfour Beatty hires ex-BHP boss to chair company
Wed 11 February 2015 08:58
Balfour Beatty, which is rumoured to soon be the subject of a takeover bid, has appointed a former head of BHP Billiton's energy arm as its new chairman.
Cobham warns of one-off profit hit from air-to-air development programmes
Wed 11 February 2015 08:15
Defence technology group Cobham has warned that it will recognise a one-off pre-tax provision of £15m in its 2014 results due to issues at its air-to-air refuelling development programmes.
Dunelm proposes special dividend as first-half sales jump 14%
Wed 11 February 2015 07:55
Strong growth online and new store openings helped Dunelm deliver a 14% increase in sales in the first half, as the homeware retailer lifted its interim dividend by 10% and announced a special dividend.
ARM Holdings enjoys record fourth quarter from chip licences
Wed 11 February 2015 07:51
Chip designer ARM Holdings enjoyed a strong finish to 2014 with its best-ever quarterly revenues as a record number of licences were signed, many by new customers, which would be expected to flow through to future royalty revenues.
Reckitt Benckiser expects 'nice' margins in 2015 after beating sales targets
Wed 11 February 2015 07:47
In the first results after offloading its drugs business, Reckitt Benckiser delivered fourth quarter net revenue growth comfortably ahead of forecasts and said it expected "moderate to nice" margins for 2015 despite its new Supercharge cost-saving project
Tullow suspends divi and cuts costs in response to oil crisis
Wed 11 February 2015 07:28
Challenging conditions across the oil industry have pushed Tullow Oil to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs.
Thomas Cook cuts losses 42% in first results since CEO departure
Wed 11 February 2015 07:18
In Thomas Cook's first admission of results since chief executive officer (CEO) Harriet Green chose to leave in November, the company revealed that it slashed operational losses by 42% to £73m on a like-for-like basis in the first quarter.
Glencore cuts 2015 capex budget, plans to offload Lonmin stake
Wed 11 February 2015 07:02
Commodities trader and mining giant Glencore has scaled back its planned capital expenditure (capex) budget for 2015 by as much as 18% and announced plans to sell off its 23.9% stake in South African platinum miner Lonmin.
Apple becomes first US company to close over $700bn in value
Tue 10 February 2015 21:27
Apple shares closed at an all-time high on Tuesday, as the tech giant became the first US company to close with a market capitalisation of over $700bn.
Halliburton to cut work force by 8%
Tue 10 February 2015 19:54
Oilfield giant Halliburton said it will cut as much as 8% of its global 80,000 workforce, in the wake of the sustained decline in oil prices.
HSBC tax evasion claims were known to MPs in 2011, says former HMRC boss
Tue 10 February 2015 18:53
David Hartnett, the head of the HMRC in 2011, told MPs that his department was in possession of records from the Swiss subsidiary of a major UK bank, containing the names of potential tax dodgers.
Sky and BT secure Premier League rights for over £5bn
Tue 10 February 2015 17:25
Sky and BT have paid a whopping £5.13bn to win the rights to broadcast Premier League matches in the UK from the 2016-17 to the 2018-19 season.
Vedanta faces 'difficult in situation' in Zambia, amid low copper prices and rising taxes
Tue 10 February 2015 16:34
On Monday the chief of mining group Vedanta Resources said its copper division in Zambia was facing "a very, very difficult situation", due to the low prices for the metal and soaring taxes.
Hornby on 'the right track' after quarterly sales grow 5%
Tue 10 February 2015 15:52
Models and collectibles group Hornby registered 5% growth year-on-year in its sales for the third quarter, thanks to a solid performance over the Christmas period driven by its Scalextric and Corgi businesses.
Millennium & Copthorne remains upbeat about prospects for 2015
Tue 10 February 2015 15:33
Millennium & Copthorn Hotels saw fourth quarter pre-tax profit and revenue fall, but remained confident of delivering strong performances in 2015.
Wednesday preview: Greece in focus as Eurozone finance ministers meet
Tue 10 February 2015 15:13
All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varoufakis will make his debut appearance as he attempts to persuade his peers of the benefits of his bridging programme.
IAG ready to improve on its Aer Lingus commitments to Dublin
Tue 10 February 2015 14:57
IAG would be willing to consider improving its commitments to Ireland in order to clinch Dublin's approval for its £1.36bn bid for its smaller rival Aer Lingus, according to reports.
Cable & Wireless sales increase thanks to mobile turnover
Tue 10 February 2015 14:54
Cable & Wireless Communications saw its shares rise on Tuesday after it reported an increase in revenues during the third quarter.
888 Holdings rockets on bid speculation
Tue 10 February 2015 14:36
Shares in online betting company 888 Holdings soared on speculation that a buyout bid, the value of which was put at £750m, from rival William Hill, could soon materialise.
SAB reports MillerCoors CEO retirement as net income falls during Q4
Tue 10 February 2015 12:55
SAB Miller has revealed that fourth-quarter net income fell at MillerCoors, its joint venture with Molson Coors that contributed 15% of volumes in the first half of the year.
Catlin profits fall short but dividend payout plans confirmed
Tue 10 February 2015 11:12
Full year profits from Catlin were slightly behind analyst forecasts, though the speciality property and casualty insurer delivered higher net asset value (NAV) than expected, with its takeover by US rival XL expected to be effective later in the year.
New Look Q3 sales down despite strong Christmas period
Tue 10 February 2015 10:36
Revenues at fashion retailer New Look were down in the third quarter despite a strong Christmas trading period.
Icap revenues continue to decline in Q3 but at slower pace
Tue 10 February 2015 10:33
Interdealer money broker Icap beat expectations for its third quarter results as signs of improved market activity emerged in some areas, though revenues continued to decline during the period.
Halma on track to hit full-year profit targets
Tue 10 February 2015 10:12
Health, safety and environmental tech group Halma expects pre-tax profit to be in line with full year expectations based on current trading and forecasts.
Bellway eyes 20% margins as housing market "favourable and sustainable"
Tue 10 February 2015 08:48
Housebuilder Bellway said market conditions "remain favourable" and as a result of continued demand for new homes across the country in the last six months, with volumes and margins both.
Tesco appoints bank for Dunnhumby sale, rebuffs Thai Lotus unit bid
Tue 10 February 2015 08:22
As it looks to ease pressure on its balance sheet, Tesco has reportedly appointed Goldman Sachs to pursue a disposal of a significant stake in its customer data analysis subsidiary Dunnhumby, but has recently turned down an approach for its Thai business.
Anglo American's iron ore profits hammered by falling commodity prices
Tue 10 February 2015 07:59
Anglo American's part-owned South African iron ore division saw profits sink in 2014 as a result of a 28% drop in average prices over the year.
James Fisher acquires National Hyperbaric Centre for £4.5m
Tue 10 February 2015 07:43
Fisher (James) and Sons (JF) has acquired the National Hyperbaric Centre in Aberdeen for £3.5m in cash plus a potential £1m earn-out based on future contracts to be undertaken between completion and 31 March 2016.
TUI Group confident of 10%-15% growth as merger cruises to serene start
Tue 10 February 2015 07:43
TUI Group, the holiday giant formed when London's Tui Travel merged with its German sister company in December, has sailed off to an encouraging start to 2015 buoyed by a "significant" increase in profitability in ocean cruises, hotels and resorts.
Ultra Electronics wins £18m contract with Ministry of Defence
Tue 10 February 2015 07:41
Ultra Electronics has won an £18m contract with the Ministry of Defence to supply sonobuoys for the Royal Navy's Merlin maritime patrol helicopter.
Babcock maintains guidance despite "uncertainty" in oil business
Tue 10 February 2015 07:17
UK engineering group Babcock expects to hit forecasts for the full year after strong trading momentum continued into the third quarter, despite the collapse in oil prices causing "uncertainty" in some divisions.
Mondi surprises with strong earnings recovery
Tue 10 February 2015 07:10
In a surprise announcement, packaging and paper group Mondi revealed that its earnings for the full year would be at least 20% higher than the previous year.
Netflix launches in Cuba, but only 5% of people have access to it
Mon 09 February 2015 18:53
Internet streaming media provider Netflix has launched its service in Cuba, even though Internet access remains restricted in the country.
Rosneft Russia sanctions appeal referred to ECJ
Mon 09 February 2015 15:31
The High Court in London has referred a Rosneft lawsuit to the European Court of Justice (ECJ) after the Russian oil giant challenged UK economic sanctions imposed against the company.
Legal and General acquires Newlife Home Finance for £5m
Mon 09 February 2015 15:11
Insurance group Legal and General (L&G) has purchased lifetime mortgage provider Newlife Home Finance for £5m.
Tuesday preview: China inflation slowdown expected in January figures
Mon 09 February 2015 14:22
Chinese inflation data is expected to show a slowdown in January amid falling oil prices.
Standard Chartered to refocus business model on wealthier clientele
Mon 09 February 2015 11:10
Standard Chartered has decided to refocus its banking operations on wealthy clients rather than regular civilians.
Land Securities confirms Oxford Westgate construction will begin in spring
Mon 09 February 2015 07:52
A Land Securities joint venture to complete the £440m redevelopment of Oxford's Westgate shopping centre will begin construction in spring after the companies confirmed the project will go ahead.
Randgold Resources hikes final dividend 20% despite 17% profits slump
Mon 09 February 2015 07:40
Annual profits fell 17% at Randgold Resources, as the gold price softened further in the fourth quarter, but the West Africa-focused gold miner has increased the final dividend 20% and made noises about the potential for "transformational" corporate activ
BG Group appoints new CEO one month early
Mon 09 February 2015 07:38
Natural gas producer BG Group has brought forward the starting date of its new boss by one month, the company announced on Monday.
Platinum strike hits Anglo American as Amplats' 2014 profits sink
Mon 09 February 2015 07:05
Anglo American has revealed that the contribution to underlying profits from its platinum division in South Africa plummeted 92% in 2014 as a result of an extended strike and lower metal prices.
Rolls-Royce wins $442m contracts for F-35 Joint Strike Fighter
Mon 09 February 2015 07:04
Rolls-Royce has won three contracts totalling $442m, producing and supporting lift systems for F-35B Lightning ll Joint Strike fighter jet.
Competition concerns over Stagecoach's East Coast rail franchise
Sun 08 February 2015 13:07
Stagecoach's majority-owned subsidiary, ICRL, has been told by the Competition and Markets Authority (CMA) that it must address competition concerns if it is to avoid an in-depth merger investigation following its successful bid to run the East Coast rail
LinkedIn shares jump to all-time high in the wake of strong quarterly results
Fri 06 February 2015 17:19
LinkedIn shares jumped to an-all time high on Friday, in the wake of strong fourth quarter results.
Siemens to cut 7,800 jobs as part of its restructure plan
Fri 06 February 2015 15:07
Siemens AG said it will cut 7,800 jobs worldwide as part of its restructuring plan.
PwC and Shire accused of tax avoidance "on industrial scale" in PAC investigation
Fri 06 February 2015 10:09
Shire was accused of tax avoidance by the UK's Public Accounts Committee (PAC) in a damning report into the role played by big four accountancy PricewaterhouseCoopers (PwC) in helping its clients dodge tax.
Shaftesbury set to terminate financial contracts
Fri 06 February 2015 08:16
Real estate investor Shaftesbury said it is likely to terminate some of its financial contracts due to interest rate movements.
Tate & Lyle plummets as US sweetener weakness prompts profits warning
Fri 06 February 2015 07:42
Sweeteners maker Tate & Lyle, famous for making Splenda sucralose, disappointed investors on Friday with a profit warning on the back of weakness in the bulk ingredients division, which accounts for around two-thirds of sales.
GSK hails positive results in melanoma study ahead of FDA approval
Fri 06 February 2015 07:26
Glaxosmithkline (GSK) has announced positive overall survival results from a study of its treatment for patients with 'mutation-positive metastatic melanoma'.
Poundland proposes £55m acquisition of 99p Stores
Fri 06 February 2015 07:09
Poundland Group has proposed the acquisition of its rival retailer 99p Stores for £55m, according to a statement to investors on Friday.
Capita receives approval from NHS England to join new framework
Fri 06 February 2015 07:06
Capita has received approval from NHS England to join the new lead provider framework for Commissioning Support Services.
Twitter user growth plummets in fourth quarter, revenue increases 97%
Thu 05 February 2015 20:35
Twitter's user growth plummeted in the fourth quarter despite a continued revenue boost, the company revealed Thursday night.
Rexam rockets on £4.3bn proposal from Ball Corp
Thu 05 February 2015 16:48
Rexam's share price surged on Thursday after the beverage can maker confirmed rumours that it has been approached by Ball Corporation.
Santander UK to replace Barclays as 'Boris bikes' sponsor
Thu 05 February 2015 16:46
Santander UK could soon replace Barclays as the backer of London's cycle-sharing scheme.
William Blair & Co increases stake in FXCM
Thu 05 February 2015 15:53
US investment management firm William Blair and Co, one of the major institutional shareholders of FXCM, has increased its holding in the online foreign exchange trading company.
BTG boosts full-year guidance thanks to PneumRx acquisition
Thu 05 February 2015 15:33
After currencies moved in its favour and the completion of a recent acquisition, healthcare group BTG has raised its guidance for full-year revenue.
Friday preview: US non-farm payrolls and jobless rate
Thu 05 February 2015 15:33
The US non-farm payrolls report and unemployment rate on Friday will take centre stage as policymakers keep watch on the labour market in the world's biggest economy.
Pfizer agrees to buy Hospira for $17bn
Thu 05 February 2015 12:58
Pharmaceuticals company Pfizer revealed on Thursday it will buy Hospira, a global pharmaceutical and medical device company for $17bn.
Prudential Financial fourth quarter profit hit by rising expenses
Thu 05 February 2015 12:02
US insurance firm Prudential Financial said its fourth quarter adjusted profit missed expectations, as expenses rose and it booked losses due the weakening yen.
Avanti interim pre-tax loss widens, as firm raises satellite equity funds
Thu 05 February 2015 11:01
Satellite communication services Avanti Communications said it had raised £60.6m by issuing new shares as part of a financing process to fund the construction and launch of the HYLAS 4 satellite.
Enterprise Inns confident of maintaining positive momentum in 2015
Thu 05 February 2015 10:16
Pub operator Enterprise Inns said it expected to maintain its positive momentum into the current financial year, despite a slight decline of beer orders in January.
Dairy Crest delivers "robust" results despite challenging market conditions
Thu 05 February 2015 10:05
Milk products producer Dairy Crest said its dairies business continued to make losses during the nine months to December, but its cheese and spreads divisions performed "robustly" against a challenging environment.
Aer Lingus short haul traffic fails to takeoff in January
Thu 05 February 2015 09:59
Irish airline Aer Lingus reported a decline passenger numbers in January, with a 7.6% decline in short haul traffic driving an overall 5.7% drop in overall numbers.
Premier Farnell warns annual profits will fall
Thu 05 February 2015 09:41
Electronics and technology products distributor Premier Farnell warned that its full year operating profit for 2015 would be lower than in the previous 12 months.
Grainger enjoys strong level of rental demand in the UK housing market
Thu 05 February 2015 09:07
Residential group Grainger has reported solid trading during the last four months, with a pipeline of sales of £102.3m and strong levels of rental demand in the UK market.
Beazley profits hit by lower reserve releases and currency headwinds
Thu 05 February 2015 09:02
Lower reserve releases than its five-year average and currency headwinds saw specialist insurer Beazley report a 16% decline in pre-tax profit in 2014.
Easyjet passenger traffic fails to take off in January
Thu 05 February 2015 08:17
Passenger numbers were flat at budget airline Easyjet in January, while planes were not as full as they were a year earlier.
Compass starts 2015 strongly after Japan and Europe return to growth
Thu 05 February 2015 08:14
Caterer Compass reported a good start to its new financial year, with organic revenue up more than expected in the first quarter thanks to a return to growth for Europe and Japan.
Vodafone beats estimates as organic revenue trends improve in Q3
Thu 05 February 2015 07:47
Vodafone dialed in a smaller-than-expected decline in organic service revenues in the third quarter thanks to a steady recovery in Europe and a return to growth in the UK, keeping full-year profit guidance in line.
Starbucks reports first UK profit since 1998
Thu 05 February 2015 07:29
US coffee chain Starbucks has reported a profit in Britain for the first time in 17 years thanks to a store reshuffle.
Astrazeneca misses fourth quarter target but eyes growth in 2015
Thu 05 February 2015 07:18
After a year of accelerating investment in its drug pipeline, drug group Astrazeneca's earnings per share fell more than expected in the fourth quarter to drag the full year number short of the market's target.
Tesco could face large fine from GCA investigation
Thu 05 February 2015 07:15
As it awaits the findings of a Serious Fraud Office probe, Tesco is facing a potential fine of over £600m after a new investigation was launched by Christine Tacon, the government's Groceries Code Adjudicator, who warned other supermarket groups may also
Boeing signs new deal with US Air Force
Wed 04 February 2015 18:55
Aerospace giant Boeing has won a contract to deliver Combat Network Communications Technology (CONECT) to the US Air Force.
BT set to acquire EE in £12.5bn deal
Wed 04 February 2015 17:36
Telecom giant BT has completed the acquisition of mobile operator EE from Deutsche Telekom and Orange for £12.5bn.
Petrobras CEO and five executives quit amid corruption scandal
Wed 04 February 2015 16:49
Maria das Graças Foster, the chief executive (CEO) of Brazilian oil giants Petrobras, has resigned along with five other executives amid an ongoing corruption scandal.
Strong Q3 sales helps Sony trim FY losses
Wed 04 February 2015 15:53
Technology giant Sony Corp said its annual loss is likely to be smaller than previous estimates, as the company's third-quarter profit beat expectations.
Wizz Air's IPO plans to take off again
Wed 04 February 2015 15:35
Budget airline Wizz Air has unveiled plans to raise £113m by floating on the main market of the London Stock Exchange by the end of March.
Icap fined £11.3m by European Commission
Wed 04 February 2015 14:09
The European commission has fined interdealer money broker Icap £11.3m for rigging Libor, though the company plans to challenge the ruling.
GlaxoSmithKline fourth quarter declines brightened by £4bn cash return
Wed 04 February 2015 12:33
Sales, profits and earnings slumped during the last quarter of the year at drugmaker GlaxoSmithKline due to headwinds in the US market, though the company pleased investors after confirming it would return £4bn cash from its deal with Novartis.
Shell's US union talks falter as prospect of further refinery strikes looms
Wed 04 February 2015 09:24
Talks between Royal Dutch Shell and US refineries have resumed with unions threatening further walkouts if the bargaining continues to be unsuccessful.
Victrex delivers record first quarter volumes
Wed 04 February 2015 08:32
A continuation of strong consumer electronics demand helped plastics specialist Victrex deliver strong volume growth in the first quarter, though revenue was slightly weaker in its medical business.
Synergy Health builds momentum in third quarter
Wed 04 February 2015 07:42
Healthcare outsourcer Synergy Health said it was on track to hit full-year forecasts after growth momentum picked up strongly in the third quarter.
Sky interims sparkle with highest customer growth in nine years
Wed 04 February 2015 07:10
In its first set of results since acquiring its German and Italian sister companies and simplifying its name to Sky, the satellite broadcaster delivered a strong set of interim results and boasted good momentum in all its markets.
Hargreaves Lansdown delivers record AuA but misses forecasts in first half
Wed 04 February 2015 07:02
Half-yearly results from fund manager and savings outfit Hargreaves Lansdown delivered record assets under administration (AuA) and increased client numbers, but shares dropped on Wednesday after revenue and profit figures missed City expectations.
Wednesday preview: Hargreaves, GSK and Sky report results
Tue 03 February 2015 18:01
Hargreaves Landsdown reports its half-year results on Wednesday with analysts expecting a strong set of results.
XL Group fourth quarter earnings deliver positive surprise
Tue 03 February 2015 16:37
Insurance group XL Group cited solid underwriting results in both of its division as the reason behind better-than-expected fourth quarter earnings.
Staples and Office Depot in advanced talks over merger
Tue 03 February 2015 16:03
Negotiations over a merger between Staples and Office Depot were at an advanced stage on Tuesday, according to sources cited by The Wall Street Journal.
Growing property market in the UK helps St. Modwen Properties profits to jump
Tue 03 February 2015 14:13
St. Modwen Properties saw its full-year profits jump thanks to a growing property market.
Tesco pays £2.2m settlements to former CEO and CFO
Tue 03 February 2015 12:00
Tesco said on Tuesday it has agreed to pay £2.2m to former directors after the payments have been suspended over an investigation into its accounting practices in the wake of an overstatement its profits by £263m.
Santander UK reports 26% boost in pre-tax profits for 2014
Tue 03 February 2015 10:18
Banking company Santander UK has reported a 26% boost in pre-tax profits of £1.34bn for the year ended 31 December 2014. The group also unveiled an 11% increase in total operating income of £4.47bn.
UDG Healthcare hikes earnings guidance
Tue 03 February 2015 09:47
Irish medical outsourcing group UDG Healthcare has raised its earnings targets for 2015 after a strong first quarter.
Ocado swings to profit for first time amid growth in online grocery market
Tue 03 February 2015 09:28
Grocery specialist Ocado made its first ever pre-tax profit for the full-year, driven by growth in the online market.
TalkTalk warns earnings "towards bottom of range"
Tue 03 February 2015 08:40
In spite of its excitement about its 'quad-play' offering boosting third quarter results, TalkTalk warned full year earnings will be at the lower end of analysts' market expectations.
Associated British Foods plans £98m impairment due to oil prices
Tue 03 February 2015 08:23
Associated British Foods has decided to write down its UK bioethanol joint venture by £98m due to the slump in crude oil and bioethanol prices and the ongoing weakening of the euro against sterling.
BG Group hit by $9bn impairment charge in fourth quarter
Tue 03 February 2015 08:00
Oil and liquefied natural gas (LNG) group BG Group reported wider losses for the fourth quarter after taking nearly $9bn in impairment charges following the recent deterioration of commodity prices.
Melrose Industries proposes £200m cash return to shareholders
Tue 03 February 2015 07:58
Manufacturing group Melrose Industries has proposed a £200m capital return and a share consolidation.
National Express named as preferred bidder for €1.4bn German contract
Tue 03 February 2015 07:43
National Express has been named the "preferred bidder" for all Nuremberg S-Bahn services by the Bavarian passenger transport authority (BEG).
Capita agrees £157m acquisition of Germany's Avocis
Tue 03 February 2015 07:12
Outsourcing group Capita has agreed the acquisition of German customer services firm Avocis for £157m.
Aberdeen AM suffers net outflows in first quarter as sentiment "fragile"
Tue 03 February 2015 07:10
Aberdeen Asset Management saw net outflows in the three months to end-December due to a weakening of investor sentiment to emerging markets in December, with the fragile sentiment and volatile demand expected to continue.
BP cuts 2015 budget after swinging to Q4 loss, but underlying profits beat forecasts
Tue 03 February 2015 07:07
BP has slashed its investment budget for 2015 by $4bn-6bn after swinging to a non-adjusted loss in the fourth quarter after taking billions of dollars of impairment charges on the back of a lower oil price.
Apple unveils plans for £2bn global command centre in Arizona
Mon 02 February 2015 20:46
Apple has unveiled plans for $2bn global command centre in Arizona.
IAG sweetens Aer Lingus bid to win over Irish government
Mon 02 February 2015 17:41
IAG, the owner of British Airways which is currently trying to take over Aer Lingus, outlined plans on Monday to safeguard the future of the Dublin-based airline in an effort to win over the Irish government.
Kennedy Wilson Europe Real Estate acquires portfolio from Aviva for £503m
Mon 02 February 2015 16:45
Kennedy Wilson Europe Real Estate, a subsidiary of investment firm Kennedy Wilson, has completed the acquisition of a portfolio of 180 properties from Aviva Commercial Real Estate Finance for £503m.
Grainger acquires property portfolio for £58m
Mon 02 February 2015 16:42
Residential group Grainger has agreed to buy a regional tenanted residential property portfolio from Sarunas Properties for £58m.
Tuesday preview: ARM Holdings, Ocado report
Mon 02 February 2015 16:35
Chipmaker ARM Holdings on Tuesday is expected to report an increase in fourth quarter earnings and revenues, supported by sales in the smartphone market.
Santander UK to set aside an extra £20m for PPI compensation
Mon 02 February 2015 15:29
Santander UK is expected to set aside an additional £20m to cover further claims related to the mis-seling of payment protection insurance (PPI).
Quindell denies conclusion of negotiations with Slater & Golden
Mon 02 February 2015 14:43
Technology and outsourcing group Quindell denied speculation that it had concluded talks with Slater & Golden to sell one of its operating divisions.
Telefonica plans to cut fibre optic network in Spain
Mon 02 February 2015 12:22
Telefonica plans to reduce its optic fibre network by 35% in Spain, according to local media.
RPS Group expects 2014's results to be at top end of expectations
Mon 02 February 2015 11:21
RPS Group expects to fall at the top end of market expectations for the year ending 31 December 2014.
HICL sells interest in Colchester Garrison project
Mon 02 February 2015 10:26
HICL Infrastructure has sold its 56% interest in the Colchester Garrison Ministry of Defence project to Allianz Group.
Ryanair warns investors that falling oil prices will limit profit growth
Mon 02 February 2015 10:24
Ryanair has warned that when falling oil prices force budget airfares into decline, its 2016 profit growth will suffer.
Enquest to get back $23m after exiting Tunisia
Mon 02 February 2015 08:19
Oil and gas group Enquest has decided to exit operations in Tunisia, meaning that it will receive $23m, though production for 2014 will be slightly lower than expected.
Fenner buys Charter Medical from Lydall
Mon 02 February 2015 08:18
British manufacturer of polymer-based products Fenner has purchased Charter Medical from its parent company Lydall for $29.9m.
Inmarsat announces successful launch of second GX satellite
Mon 02 February 2015 07:42
On Sunday Inmarsat successfully launched its second Global Xpress mobile broadband satellite, as expected, from the Baikonur Cosmodrome in Kazhakstan, Russia.
Shire to market FDA-approved drug for those with binge eating disorders
Mon 02 February 2015 07:29
Shire has had its new treatment for adults with a moderate to severe binge eating disorder approved by the US Food and Drug Administration (FDA).
Standard Life completes Canadian disposal, seeks approval for buyback
Mon 02 February 2015 07:23
Insurance outfit Standard Life has completed the deal announced last year to sell its Canadian companies to Manulife Financial for £2.2bn, and will press on to get shareholder approval for a £1.75bn share buyback.
Randgold Resources looking to expand Loulo-Gounkoto with third mine
Mon 02 February 2015 07:08
West Africa-focused gold miner Randgold Resources is looking to develop a third underground mine at its Loulo-Gounkoto gold mining complex.
O2 merger with Three attracts attention from world's richest countries
Sun 01 February 2015 18:41
Some of the richest countries in the world are reportedly holding talks about potential investment in the merger between mobile telecoms networks O2 and Three.
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.
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