Company news from ShareCast
Worldpay said to get bids from Blackstone, CVC, H&F
Thu 02 July 2015 07:48
Several investment firms are reportedly examining takeover bids for UK-based payment processing company Worldpay, which is drawing up plans for a stock market listing valuing it at £6bn.
Tesco's shortlist for South Korea sale said to include Affinity, Carlyle and MBK Partners
Thu 02 July 2015 07:37
Private equity firms Affinity Equity Partners, Carlyle Group, MBK Partners and the private equity arm of Goldman Sachs have reportedly been shortlisted for the sale of Tesco's South Korean Unit, Homeplus, which is valued at around $6bn.
Halfords appoints Jonny Mason as new CFO
Thu 02 July 2015 07:22
Halfords has appointed a new chief financial officer to replace current finance head Andrew Findlay who was poached by Easyjet in April.
Hunting warns over profit, points to oil and gas declines
Thu 02 July 2015 07:22
Hunting said on Thursday that declines in the oil and gas market in the second quarter, which had been expected, resulted in a 76% drop in profit from operations in the first five months of the year compared with the same period in 2014.
Dixons Carphone agrees US retail deal with Sprint Corp
Thu 02 July 2015 07:08
Dixons Carphone said on Thursday that its Connected World Services (CWS) division has entered into an agreement with Sprint Corp to open and manage a significant number of Sprint-branded stores in the US.
Persimmon revenues lifted 12% by post-election confidence
Thu 02 July 2015 07:03
In a half-year trading update, housebuilder Persimmon said interim revenues increased by 12% to £1.34bn, in line with expectations, thanks to selling prices and volumes boosted by post-election confidence and an increasingly competitive mortgage market.
Synthomer warns of lower operating profit off weak demand
Thu 02 July 2015 07:01
Chemicals company Synthomer said it expected a lower operating profit from its Europe and North American division in the second quarter due to weak demand and increased prices for raw materials.
John Lewis launches £2 charge for click and collect orders
Wed 01 July 2015 16:13
John Lewis will start charging £2 for click and collect orders under £30 as the current free service is unsustainable, the department store said at its Christmas in July preview event.
Chubb shares surge on $28bn ACE deal
Wed 01 July 2015 15:27
Shares in Chubb Corp rocketed 30% on Wednesday after Swiss insurer ACE Ltd said it will buy the US property insurer for $28.3bn in cash and stock.
Deutsche Bank's new CEO Cryan plans major simplification of business model
Wed 01 July 2015 14:52
New chief executive Deutsche Bank John Cryan has set out plans to simplify the business and hinted at major changes in coming years.
Thursday preview: US non-farm payrolls to steal the show
Wed 01 July 2015 14:42
Along with the usual tug-and-way battle between Greece and its creditors that is likely to continue on Thursday, the all-important US employment report will still probably grab a few headlines.
Shell approves final investment decision on Appomattox in Gulf of Mexico
Wed 01 July 2015 14:35
Royal Dutch Shell has given the final green light for investment in the Appomattox deepwater development, its largest floating platform in the Gulf of Mexico.
Mission Marketing launches sports and entertainment agency Mongoose
Wed 01 July 2015 13:31
Marketing communications and advertising group The Mission Marketing has launched Mongoose, a sports and entertainment agency.
Speedy Hire CEO resigns after material profit warning
Wed 01 July 2015 13:03
Speedy Hire's chief executive has stepped down after the company warned that full-year results will be materially below expectations.
Independent Oil & Gas investor fails to stump up placing cash
Wed 01 July 2015 13:02
North Sea focused oil and gas company Independent Oil and Gas (IOG) said it had not received the funds it raised from a new share issue last week.
Ryanair to allow Greeks to pay with cash
Wed 01 July 2015 12:09
Budget airline Ryanair on Wednesday said Greek citizens will be allowed to buy tickets for its flights using hard currency, given that bank-card transactions in the Mediterranean country are increasingly declined as a result of capital controls.
Penna Consulting acquires recruitment business
Wed 01 July 2015 11:27
Human resources group Penna Consulting has completed the acquisition of Career Café and entered an agreement with the Chartered Institute of Public Finance and Accountancy (CIPFA).
Sirius Minerals surges on York Potash mine approval
Wed 01 July 2015 09:54
Shares in Sirius Minerals surged 60% as it got the all-clear from the North York Moors National Park Authority for its York Potash mine.
Smart-home specialist LightwaveRF issues profit warning
Wed 01 July 2015 09:42
AIM-listed 'smart home' technology provider LightwaveRF has issued a profit warning three months before its year-end due to sales being hit by customer relationship wrangling, saying sales and profit would be flat.
NWF Group's maiden results to come in above expectation
Wed 01 July 2015 08:58
Agricultural and distribution business NWF Group said its full-year trading has been slightly ahead of corporate expectations thanks to robust volumes in the feeds division.
Croma Security signs deal with Saudi Arabian industrial client
Wed 01 July 2015 08:24
Croma Security has signed a contract to provide an integrated security platform to an unnamed, major industrial client in Saudi Arabia.
STM Group appoints Jonathon Shearman as non-executive director
Wed 01 July 2015 08:22
STM Group announced that Jonathon Shearman will join the multi-jurisdictional financial services group's board as non-executive director, effective immediately.
Spire Healthcare in talks to sell St Saviour's Hospital
Wed 01 July 2015 08:02
Spire Healthcare has said it is in talks with an unnamed party about buying St Saviour's Hospital in Hythe, Kent.
AA announces roadside assistance JV in India
Wed 01 July 2015 07:55
AA said on Wednesday that it has established a joint venture with TVS Automobile Solutions to provide operational expertise to develop its roadside assistance business in India.
Tullow Oil nudges guidance higher as business 're-set' with lower costs
Wed 01 July 2015 07:48
Tullow Oil has taken action to "re-set" the business for the new oil price environment and slightly increased its guidance for full-year production after enjoying strong West Africa oil production in the first half.
LondonMetric inks £39.4m deal for Wakefield warehouse
Wed 01 July 2015 07:42
LondonMetric has exchanged conditional contracts with CDP, the development arm of the Marshall Construction Group, to buy and forward-fund the development of a new 524,000 square foot retail distribution centre in Wakefield for £39.4m.
Saga completes acquisition of Bennetts for £26m
Wed 01 July 2015 07:38
Saga said on Wednesday that it has completed the acquisition of motorbike insurer Bennetts for £26.26m in cash.
Serco interim numbers on target but lack of progress on BPO unit sale
Wed 01 July 2015 07:11
Profits in the first half of the year at Serco were flat compared to the same period last year but "a little better" than predicted, though management have not altered their expectations for the full year.
Greene King posts record retail revenue but full-year pre-tax profit drops
Wed 01 July 2015 07:07
Pub group Greene King reported record retail revenue in its full-year results, although profit fell on the back of lower like-for-like sales and the impact of the disposal of 275 pubs to Hawthorn Leisure.
Imperial Innovations invests £3m in Abingdon, brings stake to over 30%
Tue 30 June 2015 16:26
British technology transfer and commercialisation company Imperial Innovations Group said it has invested £3m in portfolio company Abingdon Health.
Wednesday preview: Manufacturing PMIs, ADP report in focus
Tue 30 June 2015 15:12
As the Greek debt crisis continues to dominate headlines, a barrage of global economic data will likely keep investors busy on Wednesday, including some closely-watched manufacturing indicators.
Diageo CFO to be president of North American business
Tue 30 June 2015 14:10
Diageo said on Tuesday that its chief financial officer Deirdre Mahlan is to be appointed as the president of its North American business.
Westminster Group expects lower first-half revenue to Ebola crisis
Tue 30 June 2015 13:48
Westminster Group said its managed services revenues during the first half of the year will be below expectations due to the Ebola crisis.
William Sinclair tanks on wider losses and fundraising requirement
Tue 30 June 2015 13:27
Shares in weedkiller and compost producer William Sinclair lost almost a third of their value as the Aim company revealed losses widened in the first half of the year.
Amazon launches one-hour delivery service in London
Tue 30 June 2015 13:14
Amazon has launched its Prime Now service in London, where customers can get items delivered to their doorstep within one hour.
General Electric sells European unit to Sumitomo Mitsui Banking
Tue 30 June 2015 12:50
Infrastructure and financial services company General Electric has reached an agreement to sell its European private-equity finance business to Japan's Sumitomo Mitsui Banking Corp. for approximately $2.2bn.
Lloyds completes TSB sale
Tue 30 June 2015 12:48
Lloyds has confirmed that Banco de Sabadell SA's takeover for TSB Banking Group has become unconditional after receiving regulatory approval from the Bank of England.
Auto Trader appoints Jill Easterbrook as non-exec director
Tue 30 June 2015 11:17
Jill Easterbrook has been appointed as Auto Trader Group's independent non-executive director, the digital automotive company said on Tuesday.
Roxi Petroleum strikes oil interval at flagship well
Tue 30 June 2015 11:06
Roxi Petroleum reported progress at its flagship BNG asset as it posted an operational update.
Capita buys Vertex Mortgage Services for £35m
Tue 30 June 2015 11:00
Capita announced that it is acquiring Vertex Mortgage Services for £35m on a cash-free, debt-free basis, subject to approval by the Financial Conduct Auhority.
UK grocery market slides but Morrisons continues to grow, Kantar says
Tue 30 June 2015 09:56
The UK's grocery market slipped into decline in the second quarter of 2015, figures released on Tuesday showed.
Range Resources's partner abandons Somalian joint-venture
Tue 30 June 2015 09:54
Oil explorer Range Resources said its joint venture partner Africa Energy has informed Somalian authorities of its intention to withdraw production sharing agreements (PSAs) related to the Nugaal Block and the Dharoor Block.
Arria NLG's interim loss shrinks
Tue 30 June 2015 09:28
Shares in Arria NLG climbed 4% early on Tuesday, after the developer of natural language generation software technologies reported a sharp increase in the first half of the year.
Sula Iron & Gold plunges as interim loss widens
Tue 30 June 2015 09:25
Commodity exploration group Sula Iron & Gold reported a wider interim loss but said it remained on track to achieve its goals.
Motive Television losses widen in 2014
Tue 30 June 2015 09:15
Shares in Motive Television plunged on Tuesday after the digital television technology group reported an increase in losses for 2014.
Fastjet launches new route to Malawi
Tue 30 June 2015 09:06
Africa's low-cost airline Fastjet has launched a new route to Malawi.
St. Modwen interim profit surges
Tue 30 June 2015 09:00
Property group St. Modwen Properties reported a sharp increase in first half pre-tax profit and said it expects the momentum to continue in the second six months of the year.
Northgate beats forecasts but investors cautious over depreciation unwinding
Tue 30 June 2015 08:46
Shares in commercial vehicle hire group Northgate slid 7% on Tuesday morning despite preliminary results that came in ahead of market expectations.
Willis and Towers Watson to merge in $18bn deal
Tue 30 June 2015 08:33
US reinsurance giant Willis on Tuesday announced its plans to merge with professional services company Towers Watson, in a deal valued at $18bn deal.
Blinkx chairman Anthony Bettencourt steps down
Tue 30 June 2015 08:29
Blinkx announced that Anthony Bettencourt will step down as chairman of the board of directors, effective from 1 July.
Strategic Minerals appoints coal veteran Alan Broome as new chairman
Tue 30 June 2015 08:26
Strategic Minerals appointed mining veteran Alan Broome as its new chairman, to drive the diversified mineral development and production company's growth strategy forward.
Styles & Wood appoints Matt Widdall as non-executive director
Tue 30 June 2015 08:26
Matt Widdall has been appointed non-executive director of Styles & Wood with immediate effect.
Grainger appoints Helen Gordon as new CEO
Tue 30 June 2015 08:13
Residential group Grainger has appointed Helen Gordon as its new chief executive (CEO).
LondonMetric acquires Next warehouse
Tue 30 June 2015 08:10
Property group LondonMetric has acquired a Next Distribution warehouse for £29m from a private property company.
Colt unveils plans to exit IT services
Tue 30 June 2015 08:06
Telecoms outfit Colt Group has outlined plans to "focus on core strengths" of network, voice and data centre services with a managed exit from IT services.
Wood Group buys Canada-based engineering consultancy for $14.3m
Tue 30 June 2015 08:05
Wood Group said on Tuesday that it has acquired Canada-based engineering consultancy BETA Machinery Analysis in a deal valued at $14.3m.
Galliford Try wins Canning Town housing development contract
Tue 30 June 2015 07:55
Housebuilding and construction group Galliford Try said on Tuesday that it has signed a development agreement with the Greater London Authority to secure planning and construct the Silvertown Way developments in Canning Town, East London.
Imagination Technologies rises as investors welcome cost base guidance
Tue 30 June 2015 07:53
Shares in chipmaker Imagination Technologies rose 3% on Tuesday after the company said it expects to see an increase in profitability in 2016, despite posting a wider loss for year to April 30.
Carpetright profits flying as new strategy kicks in
Tue 30 June 2015 07:48
Full year pre-tax profits flew higher at Carpetright as the retailer grew like-for-like sales and returned to growth in Europe thanks in part to December's new strategic plan and a handful of store closures.
Ocado earnings climb 11% as new customers and product units surge
Tue 30 June 2015 07:14
A 30% rise in new customers and 19% increase in active customers in the first half of the year helped online supermarket Ocado drive robust growth in revenue and operating profits despite the fierce grocery industry competition.
Kier on track; integration of Mouchel going well
Tue 30 June 2015 07:09
Kier Group said on Tuesday that the underlying trading performance for all four of its divisions for the year to 30 June 2015 has remained in line with management's expectations.
Airbnb rival onefinestay raises $40m from investors including Hyatt Hotels
Mon 29 June 2015 16:33
Luxury accommodation website onefinestay has amassed $40m in its latest funding round, the company said in a statement.
Tuesday preview: Data to steal spotlight as Greek news takes back seat
Mon 29 June 2015 15:50
As financial markets worldwide await a weekend referendum in Greece on a bailout proposal by creditors, the debt saga could take a back seat on Tuesday as a lack of developments turns the spotlight on a raft of global economic data.
Transport operator National Express Group confirms two German contracts
Mon 29 June 2015 15:30
Transport operator National Express Group confirms two more German contracts.
US Supreme Court rejects BP and Anadarko oil spill appeal
Mon 29 June 2015 14:59
The US Supreme Court has rejected appeals from Anadarko Petroleum Corp and BP over fines related to the 2010 Gulf of Mexico oil spill.
Sysco to pay $312.5m to call off merger with US Foods
Mon 29 June 2015 14:34
Food distributor Sysco Corporation will pay $312.5m in break-up fees after it cancelled its merger with US Foods.
Quindell's 2014 results to be delayed, shares suspended
Mon 29 June 2015 14:29
Quindell announced on Monday its full-year report will not be published on time.
Galasys wins contracts in China and Malaysia
Mon 29 June 2015 14:02
Amusement park solutions provider Galasys has won new contract in China and Malaysia worth a combined £457,000, the company said on Monday.
HgCapital sells SimonsVoss in €210m deal
Mon 29 June 2015 13:59
HgCapital has sold SimonsVoss in a €210m deal with Allegion, the trust said in an announcement Monday.
Egdon Resources reaches agreement over Weald Basin farm out
Mon 29 June 2015 13:14
Hydrocarbons explorer Egdon Resources has reached an agreement with UK Oil & Gas Investments for the exploration company's Weald Basin petroleum licence PEDL143.
Sky calls for enquiry into broadband market
Mon 29 June 2015 12:57
Sky has called on industry regulator Ofcom to instigate a full market investigation to examine problems affecting consumers in the UK's broadband marketplace.
Aldermore appoints Robert Sharpe as non-executive director
Mon 29 June 2015 12:45
Aldermore Group said on Monday that Robert Sharpe has been appointed as a non-executive director of the company with effect from 29 June and will be a member of the Risk Committee and Audit Committee.
Lloyds non-exec steps down
Mon 29 June 2015 12:26
Banking giant Lloyds Banking Group confirmed on Monday that Carolyn Fairbairn will step down from her role as non-executive director on 31 October.
Aviva appoints former head of Spanish Treasury as non-exec director
Mon 29 June 2015 12:25
Belén Romana García has been appointed as Aviva's independent non-executive director, the insurance group confirmed on Monday.
Lancashire council rejects Cuadrilla shale gas project
Mon 29 June 2015 12:08
A local council on Monday rejected a Cuadrilla Resources fracking project in Lancashire on the ground of visual and noise impact, delivering a blow to the UK shale gas market.
Amerisur Resources buys Petro Dorado South America
Mon 29 June 2015 11:52
Amerisur Resources announced the acquisition of Petro Dorado South America SA, a subsidiary of Petro Dorado Energy for a total payment of $6m.
STM Group's Jersey unit acquitted of compliance procedure charges
Mon 29 June 2015 11:30
STM Group's Jersey division has been cleared following an investigation into its compliance procedures in 2012.
Fedex requests EU approval for TNT bid
Mon 29 June 2015 11:28
US delivery and logistics service company FedEx has asked the European Union (EU) competition regulators to approve its €4.4.bn offer for Dutch rival TNT.
SSE names Barclays' Crawford Gillies as senior independent director
Mon 29 June 2015 11:11
Energy giant SSE has appointed Crawford Gillies as its new non-executive director and senior independent director, the FTSE 100 group said on Monday.
Ixico secures two clinical trial contracts alongside partner VirtualScopics
Mon 29 June 2015 11:11
Ixico has won two contracts to deploy its products in unnamed pharmaceutical companies' clinical trials, alongside its partner VirtualScopics.
Griffin Mining resumes Caijiang operations following employee fatality
Mon 29 June 2015 10:51
Griffin Mining has resumed operations at its Caijiang mine in China, in the wake of an employee fatality on 16 June.
Northcote Energy sells stake in Oklahoma project
Mon 29 June 2015 10:28
Oil and gas group Northcote Energy has sold its stake in East Blackwell Skinner Sand Unit in Kay County, Oklahoma to a private party for $75,000.
GE to sell fleet businesses to Element Financial for $6.9bn
Mon 29 June 2015 10:24
General Electric said on Monday that it has reached an agreement to sell its US, Mexico, Australia and New Zealand fleet businesses to Element Financial Corp for $6.9bn.
Laird appoints new non-exec director
Mon 29 June 2015 10:10
Kjersti Wiklund has been appointed as non executive director of Laird PLC, the technology group said in a statement on Monday.
HSS Hire shares tumble after disappointing second quarter
Mon 29 June 2015 10:00
Tool rental company HSS hire lost more than 20% off its share price on Monday morning after warning the market its second-quarter trading was below expectations.
Central Asia Metals warns plant problem will damage 2015 production
Mon 29 June 2015 09:41
Central Asia Metals (CAM) warned investors that full-year production will take a hit, as problems with its copper recovery plant in Kazakhstan dramatically slowed processing.
Systemair AB appoints new CEO
Mon 29 June 2015 09:20
Roland Kasper has been appointed as the new managing director and chief executive (CEO) of ventilation products group Systemair AB.
China Nonferrous Gold expects trial project at Pakrut to begin in October
Mon 29 June 2015 08:51
Mining group China Nonferrous Gold (CNG) said it expected trial production at the Pakrut gold project in the Republic of Tajikistan to start at the end of October.
Petroceltic shares dip as full year losses widen
Mon 29 June 2015 08:42
Oil and gas explorer Petroceltic posted a $271.9m pre-tax loss on Monday, sending its share price lower.
Arria raises £3.75m in first stage of funding plan
Mon 29 June 2015 08:40
Arria said on Monday that it has raised £3.75m in capital through unsecured loan notes convertible into the company's ordinary shares at 40p per share.
Gulf Keystone signs new deal with oil buyer in Iraqi Kurdistan
Mon 29 June 2015 08:27
Oil and gas explorer Gulf Keystone Petroleum has clinched a six-month deal with a crude oil buyer in Iraqi Kurdistan.
Pinnacle Technology reports narrower loss; appoints Simon Duckworth as non-exec director
Mon 29 June 2015 08:19
Pinnacle Technology posted a narrower loss in the first half, after raising £1.4m with share placements.
Produce Investments appoints Neil Davidson as non-executive director
Mon 29 June 2015 08:17
Produce Investments has appointed Neil Davidson as non-executive director with immediate effect.
Blue Star invests in payment tech firm Sthaler
Mon 29 June 2015 08:07
UK-based Blue Star invested £50,000 in payments firm Sthaler in return for 1.45% of share capital.
Gresham Computing bags new US client for CTC software
Mon 29 June 2015 07:58
Gresham Computing, a provider of real-time financial transaction control software, has won a contact with a new customer in North America.
Xtract Resources raises £4.4m, optimistic about Fair Bride gold licence
Mon 29 June 2015 07:48
Mining firm Xtract Resources raised £4.4m, to be put toward a mining licence in Mozambique, the company said on Monday.
Redde expects annual results to beat expectations
Mon 29 June 2015 07:44
Replacement vehicles and repair provider Redde said it expects its annual results to beat expectations, following a strong fourth quarter.
Redcentric wins £3.5m contract with HSCIC
Mon 29 June 2015 07:27
IT managed services provider Redcentric has won a major contract with the Health and Social Care Information Centre (HSCIC) worth over of £3.5m.
Tekcapital acquires energy-harvesting technologies
Mon 29 June 2015 07:22
Tekcapital, which provides technology and intellectual property services, said on Monday that it has acquired the licencing rights to two technologies that are intended to enable the commercialisation of energy harvesting from human movement to power mobi
Ubisense's CFO steps down to pursue other interests
Mon 29 June 2015 07:15
Intelligence solutions group Ubisense has announced Robert Parker, its chief financial officer, has stepped down from his role.
Lekoil CFO steps down, search for a replacement already underway
Mon 29 June 2015 07:14
Lekoil's chief financial officer (CFO) David Robinson has stepped down from his role with immediate effect, the Nigeria-focused oil and gas explorer said in a statement on Monday.
Real Estate Investors sells off $9.5m of portfolio
Mon 29 June 2015 07:11
AIM-listed Real Estate Investors announced it sold off three properties to the value of almost $10m.
Savannah Resources raises £0.55m in share placing
Mon 29 June 2015 07:11
Savannah Resources said on Monday that it has raised approximately £0.55m in cash through the placing of 21.9m shares at 2.5p each with both new and existing investors.
Ladbrokes confirms Coral talks
Mon 29 June 2015 07:04
Betting group Ladbrokes has confirmed that talks with Gala Coral over a possible merger remained ongoing.
Sky and Liberty Global "considering bids for Formula One"
Sun 28 June 2015 13:55
British Sky Broadcasting and Liberty Global have both been suggested as potential bidders for CVC's stake in Formula One, rivalling RSE Ventures which was last week revealed to be preparing its own offer.
Network Rail and government officials exploring options for operator's future
Sun 28 June 2015 13:07
Network Rail directors have reportedly been meeting with government officials to explore the potential quasi-privatisation of the company.
Argentine judge orders seizure of assets of companies operating in the Falklands
Sun 28 June 2015 10:13
A judge in Argentina has ordered the seizure of the assets of five oil companies operating in the Falklands Islands, including those owned by Premier Oil, Falkland Oil and Gas and Rockhopper Exploration.
AfriAg reports wider pretax loss as revenue overshadowed by costs
Fri 26 June 2015 16:46
AfriAg posted a wider pretax loss in 2014, as administration expenses eclipsed its maiden revenue.
Grand Group reports £275m profit, says outlook encouraging
Fri 26 June 2015 16:22
Late stage company incubator Grand Group reported a pre-tax profit of £275m, in its first set of full year results since listing.
Collagen Solutions appoints Panmure as sole broker
Fri 26 June 2015 16:14
Collagen Solutions has appointed Panmure Gordon as its exclusive broker and nominated advisor.
SpaceandPeople selected as preferred bidder on Network Rail contract
Fri 26 June 2015 16:09
Retail specialist SpaceandPeople has been named by Network Rail as preferred bidder for the concourse exhibitions, events and distributions contract.
Shares in Guotai Junan Securities surge on listing
Fri 26 June 2015 15:37
Chinese brokerage Guotai Junan Securities raised $4.8bn in China's biggest initial public offering since 2010.
Müller makes fresh offer to progress Dairy Crest takeover
Fri 26 June 2015 14:52
Dairy company Müller made a new proposal to address a UK regulator's concerns over its £80m takeover of Dairy Crest Group.
Connemara Mining soars on finding clear target at Inishowen Block
Fri 26 June 2015 14:36
Shares in diversified exploration company Connemara Mining jumped on Friday on the news it has identified a clear target area for more detailed investigations of the newly acquired Inishowen Block in Ireland following completion of the first stage of the
WH Ireland's first half driven by growth in private wealth management
Fri 26 June 2015 14:31
WH Ireland reported a strong first-half performance thanks to growth in its private wealth management division.
Qantas lashes out at Hong Kong regulators after licence denied
Fri 26 June 2015 14:28
Australian airline Qantas criticised the Hong Kong government after it refused a licence for its budget brand Jetstar following a two-year process.
Mobile company Digicel plans $200m IPO
Fri 26 June 2015 13:59
The Caribbean's biggest mobile phone operator Digicel was planning an initial public offering, documents filed with the US stockmarket regulator showed.
Airbnb close to $1.5bn fund raise, reports say
Fri 26 June 2015 13:43
Online accommodation site Airbnb is close to raising $1.5bn in funds, reports said on Friday.
Redburn says golden era for LNG over, downgrades BG Group
Fri 26 June 2015 13:09
Indie equities broker Redburn claimed a 'golden era' for Liquefied Natural Gas was over and downgraded BG from 'neutral' to 'sell'.
MedicX to make first acquisition in Ireland
Fri 26 June 2015 12:30
MedicX Fund, the specialist primary care infrastructure investor agreed to acquire a new primary healthcare medical centre in Westmeath, its first acquisition in Ireland, for €10.1m.
Resource Holding Management subsidiary reduces stake in PUC Founder (MSC) Berhad
Fri 26 June 2015 12:28
Resource Holding Management saw the value of its shares slide by around a quarter on Friday after it announced that its wholly-owned subsidiary had sold 50m shares in Malaysia-listed media and advertising company PUC Founder Berhad (PUCF).
Plexus Holdings subsidiary sells non-core holding to KSW Engingeering
Fri 26 June 2015 12:25
Plexus Holdings announced that its Afrotel Corp subsidiary has sold its sole asset, a 25% holdings in KSW Engineering, a manufacturer and engineer of oil and gas equipment.
W Resources raises £1.2m in share placing
Fri 26 June 2015 11:41
W Resources said on Friday that it had completed a placement of just under 400m shares at 0.30p, raising around £1.2m before expenses.
Investec sets 'buy' rating for OneSavings Bank, forecasts growth
Fri 26 June 2015 11:40
Investec gave OneSavings Bank a 'buy' rating and a price target of 365p in initial coverage of the stock.
Paragon Group's senior director to step down
Fri 26 June 2015 11:28
Ted Tilly will step down from his role as senior independent director of the Paragon Group of Companies, the FTSE 250 group said on Friday.
Hummingbird Resources raises funds for Mali project
Fri 26 June 2015 11:15
Mineral exploration group Hummingbird Resources has raised £0.5m via a subscription agreement with a long-term shareholder.
Air France dismisses job cuts rumours
Fri 26 June 2015 10:47
Airline group Air France has dismissed reports suggesting the group was looking to cut an additional 3,000 positions, including pilots.
Zanaga Iron Ore says industry conditions have discounted progress made in 2014
Fri 26 June 2015 10:42
Shares in Zanaga Iron Ore fell into the red on Friday after the exploration company said its progress throughout 2014 had been somewhat discounted by changes in the industry, as it posted a jump in annual losses.
Poundland's new facility in Wigan could create up to 800 jobs
Fri 26 June 2015 10:17
Budget retailer Poundland unveiled plans to build a distribution centre in Wigan, which it says will create hundreds of jobs in the area.
Templeton EM chairman resigns, Prudential's Paul Manduca named as successor
Fri 26 June 2015 10:15
Shares in Templeton Emerging Markets Investment Trust declined on Friday after the company announced the resignation of its chairman.
DekelOil Public reports progress at Côte d'Ivoire crushing plant
Fri 26 June 2015 09:55
Palm oil development company DekelOil Public on Friday announced that the equipment and components required to construct the Kernel Crushing Plant (KCP) have arrived at Abidjan port, Côte d'Ivoire.
Mwana Africa searching for new broker after Peel Hunt resigns
Fri 26 June 2015 09:53
Mwana Africa shares lost around a fifth of their value on Friday morning after the company's nominated advisor and broker, Peel Hunt, resigned.
Oakley Capital Investments agrees sale of Verivox to ProSiebenSat.1
Fri 26 June 2015 09:49
Oakley Capital Investments said on Friday it has agreed with its Oakley Capital Private Equity LP fund to sell German online price comparison site Verivox to ProSiebenSat.1 for an initial cash consideration of €200m.
CityFibre upbeat on Peterborough CORE project
Fri 26 June 2015 09:46
Fibre optic infrastructure CityFibre Infrastructure said the number of businesses signed up to the Peterborough CORE project has doubled over the last 12 months.
Co-op appoints Moneysupermarket's CEO to board of directors
Fri 26 June 2015 09:42
Peter Plumb and Stevie Spring have been appointed to the Co-operative Group's board as non-executive directors, the company said on Friday.
Trinity Mirror slumps on doubling of cost cuts and revenue warning
Fri 26 June 2015 09:28
Trinity Mirror dropped nearly 4% on Friday after the company said it has doubled its targeted structural cost savings for the year to £20m due to a more challenging revenue environment.
Aetna said to be close to acquiring Humana
Fri 26 June 2015 09:06
US health insurer firm Aetna is close to acquiring rival Humana, according to reports.
Trakm8 signs deal with Bibby Distribution, shares rise
Fri 26 June 2015 09:04
Shares in fleet tracking firm Trakm8 rose on Friday after it revealed it has won a £1.1m contract from Bibby Distribution.
Empresaria Group increases stake in PT Monroe
Fri 26 June 2015 08:49
Staffing company Empresaria Group has agreed to increase its stake in PT Monroe by a further 10% for £0.3m.
Red Rock Resources enters option agreement with Elephant Oil
Fri 26 June 2015 08:47
Shares in Red Rock Resources surged over 10% early on Friday, after the mineral exploration company said it entered into an option agreement with Elephant Oil.
Circle Oil announces strong results from first well at Lalla Mimouna Permit
Fri 26 June 2015 08:47
AIM-listed North African focused Circle Oil reported that gas has flowed at the LAM-1 well on its 75%-owned Lalla Mimouna Permit, onshore Morocco.
China New Energy narrows losses, shifts focus to emerging markets
Fri 26 June 2015 08:30
Investment company China New Energy narrowed its pre-tax loss last year, as it focused on emerging markets.
K+S shares surge on Potash bid confirmation
Fri 26 June 2015 08:25
Shares in German potash producer K+S surged nearly 32% on Friday after the company confirmed that it had received a takeover proposal from Canadian rival Potash Corp.
Connemara finds possible gold source in Donegal
Fri 26 June 2015 08:24
Connemara Mining has completed its first phase of prospecting on its newly acquired Inishowen Block in Donegal, Ireland.
Cairn Homes acquires three plots of land in Dublin
Fri 26 June 2015 08:18
Housebuilding group Cairn Homes has acquired three plots of development land for new homes.
Kea Petroleum to become 'investing company' after selling all its assets
Fri 26 June 2015 08:15
Oil and gas group Kea Petroleum has reached an agreement to sell its 70% interest in PEP51153, the licence which includes the Puka wells and the Shannon prospect in New Zealand, to Caliera Fund for £222,550.
Bank of Georgia appoints new non exec
Fri 26 June 2015 07:57
Hanna Loikkanen has been named as non-executive director of Bank of Georgia Holdings, the FTSE 250 company said on Friday.
Paragon Diamonds gearing up to begin production after "transformational" year
Fri 26 June 2015 07:40
AIM-listed Paragon Diamonds gave a confident outlook in its full year results on Friday, describing 2014 as a "transformational time" for the company.
Lonmin responds to blame over Marikana massacre
Fri 26 June 2015 07:39
Platinum producer Lonmin said it still has a long way to go to improve workers' conditions, as a report slammed its treatment of employees during the Marikana massacre.
Sophos successfully places 156.5m shares at 225p per share
Fri 26 June 2015 07:38
Sophos said on Friday announced the successful pricing of around 156.5m shares at 225p per share, which will bring the company's market capitalisation to £1.01bn at the commencement of conditional dealings.
Uncertainty over Ofcom replacing the BBC Trust, reports say
Fri 26 June 2015 07:33
Government sources denied that the British Broadcasting Corporation (BBC) Trust will be axed, and that its power will be given to the UK communications regulator Ofcom, according to media reports.
Paragon Entertainment signs new framework agreement with existing partner
Fri 26 June 2015 07:20
Paragon Entertainment has entered into a framework agreement with Majid Al Futtaim (MAF) Leisure & Entertainment to design and build their unique portfolio of leisure concepts.
Dunelm appoints John Browett as CEO
Fri 26 June 2015 07:19
Dunelm said on Thursday that it has appointed former Dixons and Tesco executive John Browett as its chief executive officer designate.
Tesco warns sales still dropping
Fri 26 June 2015 07:02
Supermarket chain Tesco reported another slip in sales, but said the decline was slowing.
S&P moves Swedbank from 'negative' to 'stable', 'A+/A-1' rating affirmed
Thu 25 June 2015 16:29
Ratings agency Standard & Poor's upgraded Swedbank's rating from 'negative' to 'stable' and said the bank's business position had improved.
Oneweb secures $500m from Richard Branson, Coca-Cola and others
Thu 25 June 2015 16:06
Space internet company Oneweb secured $500m in funding from a group of companies including Sir Richard Branson's Virgin, US tech company QualComm, Coca-Cola, Hughes Network Group, Airbus and Indian corporate Bharti.
Friday preview: Quiet calendar keeps the focus on Greece
Thu 25 June 2015 15:16
Greece will be in the spotlight yet again on Friday as another light day of data and corporate results keeps the focus on debt negotiations in Brussels.
Johnson Matthey to sell Research Chemicals business for £256m
Thu 25 June 2015 14:59
Specialty chemicals group Johnson Matthey said on Thursday that it has agreed the sale of its Alfa Aesar Research Chemicals business to Thermo Fisher Scientific for £256m in cash.
Digital era and lifestyle changes are reshaping the retail industry, says Pure Gym boss
Thu 25 June 2015 14:59
Lifestyle changes, the rise of low-cost businesses and the new digital era are the most disruptive forces in the UK retail industry, said Pure Gym chief executive Humphrey Cobbold.
Diageo down on reports of no interest from 3G
Thu 25 June 2015 14:57
Shares in drinks group Diageo fell 2.2% on Thursday after CNBC anchor David Faber said on his TV show that private equity firm 3G had categorically no interest in the company.
Standard Chartered to shift power to regional hubs, reports say
Thu 25 June 2015 14:11
Standard Chartered's new chief executive Bill Winters has said the emerging markets-focused bank is ripe for simplification and streamlining, sources told the Financial Times.
IKEA plans to improve customer reach in the UK to remain market leader
Thu 25 June 2015 14:03
IKEA is in the process of a "transformational agenda for the future", its UK and Ireland country manager Gillian Drakeford said.
Xtract Resources' Chepica mine making good progress
Thu 25 June 2015 13:51
Xtract Resources said on Thursday that good progress is being made at its Chepica gold and copper mine in Chile.
Ergomed chosen by Aeterna Zentaris for Phase 3 study
Thu 25 June 2015 13:42
Ergomed said on Thursday that it has been chosen by Aeterna Zentaris Inc to manage the new, confirmatory Phase 3 clinical study to demonstrate the efficacy of its Macrilen product for evaluating adult growth hormone deficiency.
TeliaSonera shuffles management deck, CTO to go
Thu 25 June 2015 13:17
TeliaSonera has reshuffled its leadership team and chief technology officer Sverker Hannervall will leave, the company said in a statement.
Former Tesco marketing boss said to be working with BC Partners on Dunnhumby bid
Thu 25 June 2015 12:44
Tim Mason, who left Tesco in 2012 after leading its attempt to enter the US grocery market, is reportedly working with private equity firm BC Partners on an offer for Tesco's Clubcard loyalty arm Dunnhumby.
Northwest Investment posts wider loss for 2014, says it's yet to make an acquistion
Thu 25 June 2015 12:27
Energy projects investor Northwest Investment Group posted a wider loss in 2014, as it said on Thursday that it is yet to make an acquisition or investment.
Porta shares rise on strong trading announcement
Thu 25 June 2015 11:47
Shares in Porta Communications rose after as it told the market earnings after all costs would be "significantly higher" than the past year.
BMR Mining buoyed by metallurgical test results
Thu 25 June 2015 11:43
BMR Mining's shares gained as it revealed that its metallurgical tests used to identify lead and zinc at its Zambian site have been successful.
Ratos acquires shares in Speed Group
Thu 25 June 2015 11:26
Private equity group Ratos agreed to acquire logistics supplier Speed Group in a deal valuing the company at SEK 450m.
RBS appoints new CFO at Williams & Glyn
Thu 25 June 2015 10:50
Royal Bank of Scotland has appointed Leigh Bartlett as chief financial officer of Williams & Glyn, the company that is being created from the sale of around 300 RBS branches and other business banking elements.
Bulk of UK broadband providers agree to new business code as Ofcom raises concerns
Thu 25 June 2015 10:31
BT, TalkTalk and Virgin have signed up to a broadband code of practice for small businesses as Ofcom released new research Thursday.
Lonmin appoints chief operating officer to board of directors
Thu 25 June 2015 10:30
Ben Moolman, Lonmin's chief operating officer, has been appointed to the company's board as executive director, the metal producer confirmed.
Bango boosts carrier billing
Thu 25 June 2015 10:09
Mobile payment company Bango said on Thursday that it has recently launched carrier billing routes for its app store partners in several additional markets, "underlining the role of the Bango Payment Platform at the heart of the growing global app store e
UK car production up 2.3% in May off steady domestic market
Thu 25 June 2015 10:04
British car production rose in May, with volumes set to ramp up in coming years, an industry body said on Thursday.
Daniel Stewart raises £1.2m in subscription
Thu 25 June 2015 10:01
Daniel Stewart Securities said on Thursday that it has raised £1.2m through a cash subscription from institutional and other investors, which will be used for general working capital purposes.
Trap Oil turns to creditors after Niobe well found barren
Thu 25 June 2015 09:58
Trap Oil failed to find hydrocarbons at its North Sea Niobe exploration well and issued a warning that it will need to raise cash to supplement a settlement deal with its two main creditors.
Amur Minerals surges after paying for licence conversion in Russia
Thu 25 June 2015 09:56
Mineral exploration group Amur Minerals said it had completed the payment for the conversion of the licence of its Kun-Manie project.
Ryanair plane stopped over bomb hoax
Thu 25 June 2015 09:53
A Ryanair Boeing 737 carrying 160 passengers was stopped at Warsaw Airport following suspected explosives on the aircraft.
Barclays appoints new non executive director
Thu 25 June 2015 09:51
Diane Schueneman has been appointed as a non-executive director of Barclays, the banking giant said on Thursday.
Sainsbury expands CFO's role
Thu 25 June 2015 09:51
Supermarket retailer J Sainsbury said on Thursday that the role of chief financial officer John Rogers will be expanded to include business development as Helen Buck, who previously held the responsibility for this area, will step down from the operating
Inland Homes gets the green light for Meridian Gardens development
Thu 25 June 2015 09:44
Inland Homes announced that the redevelopment of its Meridian Studios site has been approved by Southampton City Council's planning committee.
Sula Iron & Gold assess exploration targets ahead of Ferensola drilling programme
Thu 25 June 2015 09:30
Sula Iron & Gold has sent 108 ore samples for testing, to assess the prospective yield at its gold prospect in Ferensola, Sierra Leone.
Norcros shares lift as it buys out privately owned furnishings supplier
Thu 25 June 2015 09:01
Norcros has bought Hampshire-based private firm Croydex for £21.9m, the company said in an announcement.
Eckoh swings to profit, makes Netcall offer and wins contract with Capita
Thu 25 June 2015 09:01
Technology group Eckoh swung to an annual pre-tax profit thanks to a sharp rise in revenue.
Telefonica sells stake in Telecom Italia
Thu 25 June 2015 08:45
Telecoms giant Telefonica has completed the sale of its stake in Italian sector peer Telecom Italia to Vivendi SA.
Bluerock Diamonds sells the parcel of 116 carats
Thu 25 June 2015 08:44
Diamond mining company Bluerock Diamonds has sold the parcel of 116 carats produced during May 2015 and the first week of June 2015.
Afren reshuffles board of directors
Thu 25 June 2015 08:21
Independent exploration group Afren has reshuffled its board of directors ahead of its annual general meeting.
Cohort's full-year profits dip, co-chairman steps down
Thu 25 June 2015 08:15
Cohort reported lower full-year profits despite higher revenue, as acquisition-related costs took their toll.
CPP Group's chief financial officer to step down
Thu 25 June 2015 08:13
CPP Group's chief financial officer (CFO) has announced his intention to step down after 13 years with the business.
Affinity, Carlyle and CVC Capital said to be among early bidders for Tesco South Korean unit
Thu 25 June 2015 08:01
Private equity firms Affinity Equity Partners, Carlyle Group and CVC Capital Partners were reportedly among seven or eight preliminary bidders for Tesco's South Korean unit.
LXB Retail make progress at Rushden Lakes, updates on residential work
Thu 25 June 2015 07:59
Real estate investment company LXB Retail Properties said it has a major anchor tenant for its Rushden complex, as it updated the market on residential projects.
DS Smith gains after posting 20% rise in full-year profit and announcing Spanish acquisition
Thu 25 June 2015 07:35
Shares in recycled packing maker DS Smith rose 2.6% on Thursday after it posted a 20% rise in full-year pre-tax profit and announced an agreement to acquire the corrugated activities of Grupo Lantero, including several operations in which it currently has
Debenhams to meet full-year market expectations
Thu 25 June 2015 07:30
Department store Debenhams said it was on track to meet full-year gross profit targets, in a trading update on Thursday.
Go-Ahead says full-year expectations are unchanged
Thu 25 June 2015 07:15
Go-Ahead said on Thursday that its full-year expectations remain unchanged and the company is in a good financial position, with strong cash generation and a robust balance sheet supporting its progressive dividend policy.
Wood Group expects first half figures to be worse than last year
Thu 25 June 2015 07:10
Oil and gas company John Wood Group reported an expected decline in performance for the six months to 30 June, 2015.
London Stock Exchange making steady progress in second quarter
Thu 25 June 2015 07:09
Equity, bond and derivatives markets operator London Stock Exchange Group said it continued to perform well in the second quarter with growth in the index business and increased activity in clearing operations.
Standard Life to close Singapore insurance business
Thu 25 June 2015 07:09
Standard Life said on Thursday that it will close its insurance business in Singapore, subject to regulatory approvals, and the business will no longer accept new applications or contributions to existing plans with immediate effect.
Sage drops sharply after chief projects
Wed 24 June 2015 16:19
Shares in Sage came off sharply after the company's chief told analysts not to expect an acceleration in the rate of top-line growth.
Netflix pares losses after Carl Icahn sells his final stake
Wed 24 June 2015 16:19
Netflix reversed some earlier gains on Wednesday, after billionaire investor Carl Icahn tweeted that he had sold the last of his holdings in the in internet TV network.
Britvic non-executive director resigns for McDonald's role
Wed 24 June 2015 15:56
Softdrinks producer Britvic is on the hunt for a new non-executive director as Silvia Lagnado moves to the United States, the company said in an announcement.
Braemar Shipping resilient despite lower oil prices
Wed 24 June 2015 15:32
Braemar Shipping said it remains resilient in a challenging market, in a trading update on Wednesday.
First Milk's chairman resigns as company increases milk prices for farmers
Wed 24 June 2015 15:24
The chairman of milk products producer First Milk resigned on Wednesday, on the same day the company announced from next month farmers will be paid 1p a litre less for milk.
Faroe Petroleum shares rise on operational update
Wed 24 June 2015 15:14
Shares in Faroe Petroleum rose 3.3% on Wednesday, after it posted a better-than-expected operational update.
Alliance Trust unveils two new non-exec directors
Wed 24 June 2015 14:55
Self-managed investment trust Alliance Trust has confirmed the appointment of Anthony Brooke and Rory Macnamara as non-executive directors.
Thursday preview: Investors await US data, Greek summit
Wed 24 June 2015 14:44
While everyone will be keeping one eye on Greece on Thursday, data from the US released during the session will likely garner some attention.
Faroe shares up as Westhouse reiterates 'buy' rating post-operational update
Wed 24 June 2015 14:27
Westhouse reaffirmed a 'buy' rating for Faroe and kept its price target at 135p.
Atlantis Resources on track to develop MeyGen project by 2016
Wed 24 June 2015 14:12
Atlantis Resources, a tidal current power company, said the development of its flagship MeyGen project is on track for first power next year.
Boeing CEO to step aside next month
Wed 24 June 2015 13:53
Aerospace giant Boeing announced its chief executive, W. James McNerney, will step down on 1 July.
Ford upgraded by Goldman Sachs over 'superior growth outlook', GM cut to 'neutral'
Wed 24 June 2015 13:51
Shares in Ford Motor rose on Wednesday, after the automotive giant was upgraded by Goldman Sachs.
Deltex wins government funding for commercialisation
Wed 24 June 2015 13:30
Deltex Medical Group has secured funding from government backed organisation Innovate UK.
Barclays reportedly hires JPMorgan Cazenove in broking shake-up
Wed 24 June 2015 13:28
Barclays is reportedly drafting in JPMorgan Cazenove to help steer it through an intensive period of restructuring to improve its performance.
Central Asia Metals invests $3m in copper project in Chile
Wed 24 June 2015 13:26
Central Asia Metals has increased its stake in Copper Bay in Chile from 50% to 75%, after paying $3m.
ITV to buy 'Educating Yorkshire' producer Twofour
Wed 24 June 2015 12:19
ITV said on Wednesday that it has agreed to acquire Boom Supervisory, the holding company of Twofour Group, for an initial cash consideration of £55m for 75% of the group.
Alexander Mining gets patent for leaching method
Wed 24 June 2015 11:55
Alexander Mining has received a patent for a leaching method, the company confirmed on Wednesday.
eServGlobal launches smartphone app in emerging markets
Wed 24 June 2015 11:51
Mobile financial services provider eServGlobal launched its smartphone app for mobile money services in emerging markets on Wednesday.
IKEA to test new small stores in the UK
Wed 24 June 2015 11:21
Swedish furniture giant IKEA announced on Wednesday that it plans to test a new small-format store in the UK.
John Lewis overtakes Co-op as biggest worker-owned business
Wed 24 June 2015 11:12
Department store giant John Lewis is the UK's biggest worker-owned business, a report has said.
Palantir valued at $20bn, reports say
Wed 24 June 2015 11:07
Silicon valley company Palantir is adding to its billions with a new round of capital funding, reports say.
Dalradian appoints Jim Rutherford as non-executive director
Wed 24 June 2015 10:56
Dalradian Resources has appointed Jim Rutherford as non-executive director, effective immediately.
STV appoints Dan Korn as creative director
Wed 24 June 2015 10:49
STV Productions has appointed Discovery Networks' Dan Korn as a creative director, effective from August.
EU watchdog raises concerns over Aer Lingus-IAG deal
Wed 24 June 2015 10:26
The deal between Aer Lingus and International Consolidate Airlines Group (IAG) could be delayed by the European Union Commission's competition law directorate.
Access Intelligence acquires Cision and Vocus
Wed 24 June 2015 10:04
Software and computer group Access Intelligence has completed the acquisition of global software provider Cision UK and Vocus UK (C&V) for £1.34m.
Persimmon appoints new non-executive director
Wed 24 June 2015 09:48
Rachel Kentleton has been appointed as Persimmon's non-executive director, the housebuilding group said on Wednesday.
New board members for Coca-cola HBC
Wed 24 June 2015 09:16
Swiss-based Coca-cola HBC has elected two new board members following the retirement of Susan Kilsby and Christos Ioanno.
Fusionex to provide Takaful Insurance with GIANT platform
Wed 24 June 2015 09:04
Fusionex International has secured a contract to provide Takaful Insurance with its GIANT platform.
Eurasia Mining surges after Russian license application gets green light
Wed 24 June 2015 08:57
Shares in Eurasia Mining surged over 15% early on Wednesday, after the mining group said its mining license application for its West Kytlim project in Russia had been accepted by authorities.
Beximco Pharma receives approval from US FDA
Wed 24 June 2015 08:42
Beximco Pharma rose on Wednesday after receiving approval from the US Food and Drug Administration.
Carillion, Eiffage and Kier in HS2 joint venture
Wed 24 June 2015 08:35
Carillion, Eiffage and Kier have announced a joint venture partnership to support the delivery of the UK's High Speed 2 rail project.
Charterhouse could sell Tunstall for $1.1bn
Wed 24 June 2015 08:34
UK private equity firm Charterhouse is working with JP Morgan to sell healthcare company Tunstall for $1.1bn, Reuters reported on Wednesday citing a source familiar with the matter.
Nostra Terra appoints Kristian Ainsworth as non-executive chairman
Wed 24 June 2015 08:34
Nostra Terra Oil and Gads has appointed Kristian Ewen Ainsworth as its new non-executive chairman, effective immediately.
Market Tech ups profit, outlines growth plan
Wed 24 June 2015 08:25
Market Tech upped its pre-tax profit by more than 160%, and said it has ambitious growth plans at the release of its latest 12 month results on Wednesday.
Brady secures new contract with unnamed multi-asset trading house
Wed 24 June 2015 08:24
Brady has secured a deal providing global trading and risk management operations in the physical derivatives business of an unnamed multi-asset global trading house.
Quindell under investigation from FCA
Wed 24 June 2015 08:24
Software and consultancy group Quindell is under investigation from the Financial Conduct Authority, the company revealed on Wednesday.
Sound Oil raises £3m through open offer
Wed 24 June 2015 08:21
Oil and gas explorer Sound Oil has raised almost £3m through its open offer share sale.
Eurasia shares rise as it inches toward mining licence at West Kytlim
Wed 24 June 2015 08:06
A Russian government department has given Eurasia Mining the green light for its alluvial platinum deposit licence at West Kytlim.
International Personal Finance appoints new non-executive director
Wed 24 June 2015 08:00
International home credit business International Personal Finance has appointed Jayne Almond to its board as an independent non-executive director.
Bouygues plunges after rejecting Altice offer
Wed 24 June 2015 07:53
Shares in French conglomerate Bouygues fell 8% on Wednesday after the company said that its board of directors has decided unanimously not to follow up on Altice's unsolicited offer to acquire Bouygues Telecom.
Wynnstay profits up despite difficult conditions
Wed 24 June 2015 07:49
Agricultural product supplier Wynnstay lifted pre-tax profit 2.55% from £4.7m to £4.82m, despite tough conditions for farmers.
Vectura appoints AstraZeneca executive James Ward-Lilley as CEO
Wed 24 June 2015 07:30
Respiratory drugs specialist Vectura said on Wednesday that it has appointed James Ward-Lilley as chief executive officer and director effective 1 October.
Ahold gains but Delhaize drops after the two agree merger
Wed 24 June 2015 07:26
Shares in Delhaize fell on Wednesday, while Ahold gained, after the supermarket operators announced that they have agreed to merge, in a move that will create one of the biggest supermarket operators in the US.
Ultra Electronics continues to standardise systems, outlook unchanged
Wed 24 June 2015 07:24
Defence group Ultra Electronics has outlined further details of its group-wide initiative to standardise systems together with some processes to drive business efficiency.
Stagecoach full-year profit rises; dividend lifted 10.5%
Wed 24 June 2015 07:14
Stagecoach posted a 4.5% rise in full-year pre-tax profit on Wednesday as it raised its annual dividend by 10.5%.
Old Mutual ups stake in UAP; appoints non-exective director of OMEM
Wed 24 June 2015 07:03
Old Mutual said on Wednesday that it has completed the acquisition of a further 37.3% shareholding in UAP Holdings, bringing its total interest to 60.7%.
DCC Energy completes acquisition of Esso unmanned petrol stations
Wed 24 June 2015 07:03
DCC Energy has completed its acquisition of Esso SAF's unmanned and motorway retail petrol station network and the Esso Motorway concessions in France.
Brewery giant AB InBev to invest $1.5bn into US operations
Tue 23 June 2015 16:03
Anheuser-Busch InBev, the largest brewer in the world, is planning to spend $1.5bn investing in its US operations over the next three years.
Segro acquires 90% stake in Vailog
Tue 23 June 2015 15:37
Real estate investment trust Segro has completed the acquisition of a 90% stake in Italian logistics real estate development company Vailog Srl.
Gate Ventures raises £8.5m; joint broker Beaumont Cornish resigns
Tue 23 June 2015 15:18
Gate Ventures, a media and entertainment investment group, announced on Tuesday that its nominated adviser and joint broker Beaumont Cornish has resigned, effective from Monday, and confirmed that it raised £8.5m through a convertible loan note.
UK watchdog probes KPMG over BNY Mellon audit
Tue 23 June 2015 15:06
The Financial Reporting Council (FRC) said on Tuesday that it has launched an investigation into the conduct of KPMG, auditor to the Bank of New York Mellon in relation to its role in reporting to the Financial Services Authority on BNY Mellon's complianc
Market Tech hires Berenberg's Bucher to help with Camden Markets development
Tue 23 June 2015 15:04
Market Tech Holdings, a London-based real estate and e-commerce business, has appointed Georg Bucher as its new head of corporate development and capital markets.
3M to buy Capital Safety from KKR for $2.5bn
Tue 23 June 2015 14:56
Post-it maker 3M said on Tuesday that it has entered into a definitive agreement to buy Capital Safety from private equity firm KKR for a total enterprise value of $2.5bn.
Wednesday preview: Greek news flow to dominate another trading session
Tue 23 June 2015 14:48
Wednesday is set to be another quiet day in terms of corporate results, so news flow on Greece is likely to continue dominating sentiment on financial markets worldwide.
Carnival's profits triple in second quarter as fuel costs drop
Tue 23 June 2015 14:35
Profits at cruise line operator Carnival almost tripled in the second quarter of the company's fiscal year, courtesy of stronger than expected yields and amid a large drop in the company's fuel costs.
James Cropper's maiden profits double thanks to technical fibre products growth
Tue 23 June 2015 13:47
Shares in paper manufacturer James Cropper rose on Tuesday after the company posted a 96% increase in full-year pre-tax profit, despite a decline in full-year revenues, driven by a good performance in its technical fibre products (TFP) division.
Seeing Machines announces significant DSS sales
Tue 23 June 2015 13:38
Seeing Machines, an AIM-listed company that develops intervention sensing technologies and services, announced that Caterpillar Safety Services, in conjunction with major Cat dealers, has recently booked "significant" DSS sales in the Australian and Canad
Proteome raises £2.5m from placing
Tue 23 June 2015 13:26
Protein biomarker company Proteome Science has placed 13.86m shares at 18p each, raising £2.5m before expenses.
Invista completes sale of last Spanish investment
Tue 23 June 2015 13:23
Invista European Real Estate Trust has exited Spain after completing the sale of a logistics asset there for a total of €2.95m.
BlackBerry's first quarter software and technology licensing revenue soars
Tue 23 June 2015 12:47
Mobile communications giant BlackBerry saw its shares soar in pre-market trading on Tuesday, after posting strong results for its software and technology business.
Coral Products receives first order for volume production of its specially designed crates
Tue 23 June 2015 12:26
Coral Products, which manufacturers injection moulded plastic products, has received its first purchase order for volume production of specially designed crates for use in on-line delivery centres.
North Korea blocks access to Instagram
Tue 23 June 2015 12:19
North Korean authorities on Tuesday blocked access to social network Instagram.,
Belgravium Technologies promotes Ian Martin to executive chairman
Tue 23 June 2015 12:03
Belgravium Technologies announced the promotion of Ian Martin from non-executive director to executive chairman.
Ryanair remains Europe's most popular airline
Tue 23 June 2015 11:34
The International Air Transport Association's (IATA) World Airline Transport Statistics confirmed on Tuesday that Ryanair remained Europe's favourite airline, carrying more international scheduled customers than any other company.
Infinis Energy acquires 18MW wind farm from Peel Group
Tue 23 June 2015 11:31
Renewable energy company Infinis Energy has reached a deal to acquire an 18.5 megawatt consented onshore wind farm project in Northumberland from Peel Group.
Motif Bio raises £22m via share placing
Tue 23 June 2015 11:20
Biopharmaceutical company Motif Bio has raised £22m via a conditional share placing with institutional investors.
Saga on track to meet annual expectations
Tue 23 June 2015 10:47
Travel and insurance provider Saga said it was on track to meet its annual expectations.
Versarien and Haydale to take part in Graphene promotional exhibit
Tue 23 June 2015 10:31
Versarien and Haydale Graphene have announced their participation in the UK Graphene Exhibit at Nano Korea in July.
Computacenter appoints Bwin.party chairman to board of directors
Tue 23 June 2015 10:20
IT provider Computacenter has appointed Philip Yea as the senior independent non-executive director and the chairman of its remuneration committee.
Savills appoints Charles Taylor chairman as non-exec director
Tue 23 June 2015 10:14
Rupert Robson has been appointed as Savills' independent non-executive director, the real estate advisor said on Tuesday.
Chemring swings to first-half loss
Tue 23 June 2015 09:55
Chemring said on Tuesday that it has swung to a pre-tax loss in the first half amid falling revenue, although a recent increase in orders should help the company meet full-year targets.
Immunodiagnostic Systems says 2015 was not a successful year
Tue 23 June 2015 09:43
Immunodiagnostic Systems, a medical diagnostic products manufacturer, said its full-year was not a successful one, with a decline in revenues, the underperformance of its innovation process and sales failing to deliver.
Nomad rises strongly on first day of trading on London Stock Exchange
Tue 23 June 2015 09:27
Acquisition firm Nomad Foods has risen strongly on its first day of trading on the London Stock Exchange, up more than 70% by mid-morning.
Alecto Minerals raises £0.3m to fund working capital
Tue 23 June 2015 09:19
Africa-focused AIM-listed Alecto Minerals has raised £0.3m before after placing 300m new shares at 0.1p apiece with existing institutional investors.
Roxi Petroleum swings to profit in 2014 on exceptionals
Tue 23 June 2015 09:18
Oil and gas explorer Roxi Petroleum swung to an annual pre-tax profit in 2014, after reversing an impairment charge it booked in the previous year.
Digital Globe Services jumps on strong second-half performance
Tue 23 June 2015 09:08
Digital Globe Services, an online customer acquisition solutions provider, expects its full-year results to be in line with forecasts thanks to a stronger second-half.
Acacia Mining warns continued weakening of Tanzanian Shilling could affect earnings
Tue 23 June 2015 08:38
Tanzanian gold producer Acacia Mining has warned that the weakening of the Tanzanian Shilling (TSH) against the US dollar could affect its earnings if it continues to stay at the current rate until the end of June.
AA names new non-executive director
Tue 23 June 2015 08:28
Suzi Williams has been appointed as non-executive director of AA, the roadside assistance group confirmed on Tuesday.
Telecom Plus reiterates guidance as annual pre-tax profit rises
Tue 23 June 2015 08:27
Multi-utility provider Telecom Plus said its trading was in line with expectations, after posting an increase in annual pre-tax profits.
Deltex Medical appoints former auditor as finance director
Tue 23 June 2015 08:25
Deltex Medical has appointed its former auditor of nearly four years as its new finance director.
Geong International CFO steps down as director
Tue 23 June 2015 08:23
Geong International announced that chief financial officer David Kar Ning Tsui has resigned as director for the company as of 23 June.
Interserve chosen as preferred bidder for Defence and National Rehabilitation Centre
Tue 23 June 2015 08:00
International support services and construction group Interserve has been chosen as the preferred bidder to build the new £200m facility at the Defence and National Rehabilitation Centre (DNRC) in Leicestershire.
Thomas Cook repays €400m bond
Tue 23 June 2015 07:59
Travel operator Thomas Cook has repaid its €400m bond, the company said on Monday.
Bunzl delivers in line trading statement, reports drop in organic revenue growth
Tue 23 June 2015 07:56
International distribution and outsourcing group Bunzl said that revenue for the first half of 2015 is expected to have grown 6% due largely to growth at constant exchange rates thanks mainly to the positive impact of acquisitions.
IAG financing in place for Aer Lingus offer
Tue 23 June 2015 07:48
International Consolidated Airlines Group said on Tuesday that it has secured a bridge facility from Banco Santander to back the €1.4bn takeover offer for Aer Lingus by its AERL Holding subsidiary.
Tullow Oil Zumba exploration well in Norway to be plugged
Tue 23 June 2015 07:39
Oil & gas exploration group Tullow Oil said late on Monday that it did not encounter any hydrocarbons in the Zumba exploration well in the Norwegian Sea, which will now be plugged and abandoned.
Petrofac hit by further costs on Shetlands gas project
Tue 23 June 2015 07:26
Oilfield services outfit Petrofac has said it mostly performed in line with expectations in the first half, though development of a flagship project in the Shetland Islands will incur further costs.
Britain's stake in Lloyds Banking Group cut to below 17%
Tue 23 June 2015 07:23
UK Financial Investments, which is wholly-owned by her Majesty's Treasury, has cut its stake in Lloyds Banking Group to below 17%, according to a press release from the bank on Tuesday.
Ladbrokes surges on confirmation of merger talks with Gala Coral
Tue 23 June 2015 07:11
Shares in Labdrokes surged 13% on Tuesday after the company responded to recent press speculation and confirmed that it is in merger talks with the board of Gala Coral.
Bunzl announces acquisition of four new businesses
Tue 23 June 2015 07:04
Distribution company Bunzl on Tuesday announced that it has acquired four businesses in the US, Colombia, Canada and France.
Apple Music to pay artists during free trial after Taylor Swift open letter
Mon 22 June 2015 15:44
Tech giant Apple has U-turned on its payment policy following an open letter by singer Taylor Swift who attacked plans to not pay royalties during Apple Music's free, three-month trial.
Imaginatik unable to identify reason for surge in share price
Mon 22 June 2015 15:43
Consultancy and technology products company Imaginatik said it could not pinpoint the reason that led to a sharp rise in its share price last week.
Mattioli Woods confirms it raised £18.6m in share placing
Mon 22 June 2015 15:34
Wealth management provider Mattioli Woods confirmed on Monday that a total of 3.8m shares were placed with institutional investors at 490p per share, raising gross proceeds of £18.6m.
Competition watchdog give green light to Greene King-Spirit takeover
Mon 22 June 2015 15:31
Greene King has inched closer to its £774m takeover of Spirit Pub after a new Competition and Markets Authority decision.
Fitch affirms Convictions Premium at 'good', as it withdraws rating
Mon 22 June 2015 15:17
Fitch has affirmed French domiciled Convictions Premium at 'good', and withdrawn the rating.
Aveva acquires FabTrol
Mon 22 June 2015 14:40
Engineering design and information group Aveva has completed the acquisition of software business FabTrol from the Dowco Group of Companies.
Galantas Gold announces encouraging results from Irish licences
Mon 22 June 2015 14:31
Galantas Gold announced encouraging test results from its new licence in the Republic of Ireland.
CVC Capital Partners leads consortium to Alvogen takeover
Mon 22 June 2015 14:27
A group of investors led by European private equity fund CVC Capital Partners has acquired a controlling stake in Alvogen.
Redx Pharma enjoys good progress during first-half
Mon 22 June 2015 14:17
Two months after its admission to AIM, Redx Pharma said its first-half results were in line with expectations thanks to progress on potential MRSA drugs.
Tuesday preview: US data on durable goods orders and new home sales in focus
Mon 22 June 2015 14:08
With company results thin on the ground on Tuesday, the attention will be on economic data including durable goods orders and new home sales in the US.
SoftBank forms JV for clean energy in India
Mon 22 June 2015 13:54
SoftBank said it will partner with Taiwanese company Foxconn and Indian business conglomerate Bharti Enterprises to promote and adopt clean energy in India.
Stride Gaming says trading is ahead of expectations
Mon 22 June 2015 13:51
Shares in Stride Gaming were up on Monday after saying its second-half trading is ahead of previous forecasts.
Aldi best at complying with supply rules, Iceland worst, survey shows
Mon 22 June 2015 13:10
Discount supermarket Aldi rated most compliant with the industry code designed to protect suppliers, while Iceland is the worst, a new survey has shown.
GSK to sell meningitis vaccines to Pfizer Ireland
Mon 22 June 2015 12:49
GlaxoSmithKline said on Monday that it is selling its meningitis vaccines Nimenrix and Mencevax to Pfizer Ireland Pharmaceuticals - a subsidiary of Pfizer Inc - for €115m.
PeerTV shares rise on Speech Modules capital raising
Mon 22 June 2015 11:48
Shares in tech firm PeerTV rose 15.88% on news that Speech Modules, which it has a stake in, wants to raise £1m in capital.
Premaitha to provide This Is My clinics with IONA tests
Mon 22 June 2015 11:40
Premaitha Health announced that it has signed a deal with This Is My Ltd, to supply its non-invasive IONA pre-natal test.
Dewhurst says complaint against Hungarian subsidiary settled
Mon 22 June 2015 11:03
Dewhurst said on Monday that a settlement has been reached between its Hungarian subsidiary and AIG Specialty Insurance.
Avon Rubber acquires Hudstar Systems for $5m
Mon 22 June 2015 11:00
Engineering group Avon Rubber has completed the acquisition of electronic control systems manufacturer Hudstar Systems for $5.1m.
Empiric Student Property acquires seven properties for £41.6m
Mon 22 June 2015 10:57
Investment group Empiric Student Property (ESP) has acquired seven properties, housing student accommodation in Liverpool and Stoke-on-Trent, from Urban Sleep for £41.6m.
Tanfield Group's investments pay off, but outlook uncertain
Mon 22 June 2015 10:22
Tanfield Group reported strong progress in its two investments, Snorkel International Holdings (SIH) and Smith Electric Vehicles Corp (SEV), but warned that a longer-term "risk of failure" remained.
MJ Gleeson completes land sale, expects annual profit to be 'significantly' higher
Mon 22 June 2015 10:01
Urban regeneration group MJ Gleeson said on Monday that its subsidiary Gleeson Homes has sold a 21 acre site in Stamford Bridge, Yorkshire.
Polar Capital Holdings reports decline in annual profit and assets under management
Mon 22 June 2015 10:00
Investment management company Polar Capital Holdings said its annual pre-tax profit was hit by large redemptions from its main Japanese fund.
Severn Trent surges on Borealis bid reports
Mon 22 June 2015 09:42
Shares in UK water company Severn Trent surged 5% on Monday following a report in the Sunday Times suggesting that Canadian infrastructure investor Borealis was once again considering a bid for the company.
Union Jack Oil raises Biscathorpe stake by 2%
Mon 22 June 2015 09:33
Union Jack Oil (UKO) has increased its stake in the UK's Biscathorpe prospect by 2%.
Capita named preferred bidder for NHS framework
Mon 22 June 2015 09:21
Support service solutions provider Capita has been selected by NHS England as preferred bidder to establish a four- year framework, worth up to £1bn.
Amlin appoints global MD of reinsurance
Mon 22 June 2015 09:16
Amlin has appointed James Few as global managing director of reinsurance, effective 1 August 2015.
Haydale Graphene's application for Chinese patent successful
Mon 22 June 2015 09:11
Haydale Graphene announced that it has successfully for a Chinese patent and expects it to be granted in August.
Active Energy non-executive director steps down
Mon 22 June 2015 08:43
Joseph Valoroso has stepped down from his role as non-executive director of Active Energy Group, the woodchip and timber products supplier confirmed on Monday.
Fastjet completes sale of Fly540 Ghana
Mon 22 June 2015 08:42
Budget airline Fastjet has completed the sale of its stake in Fly 540 Ghana to DWG-G Company for the nominal amount of $1.
John Laing Group on track to meet full-year targets
Mon 22 June 2015 08:25
John Laing Group on Monday said it was on track to meet its full-year targets with a strong pipeline of investments in place.
Thorntons surges on Ferrero acquisition
Mon 22 June 2015 08:22
Shares in Thorntons rocketed 40% on Monday on news that Ferrero International will acquire the company for a 145p per share cash offer that values the fully-diluted capital of Thorntons at approximately £111.9m.
Trinity Exploration's non-exec director steps down
Mon 22 June 2015 08:18
Trinity Exploration announced that non-executive director Finian O'Sullivan will step down as non-executive director of the company as of 19th June.
Coal of Africa appoints new CFO
Mon 22 June 2015 08:08
Metallurgical and thermal coal producer Coal of Africa has appointed De Wet Schutte as its chief financial officer.
Altice confirms €10bn offer for Bouygues
Mon 22 June 2015 08:05
Luxembourg-based telecom giant Altice announced on Monday it had made an offer to acquire French telecom rival Bouygues for €10bn through its subsidiary Numericable-SFR.
Fidelity says 190p per share Colt takeover offer is final
Mon 22 June 2015 08:05
Fidelity reaffirmed its takeover bid for telecommunications and IT services company Colt Group, saying it will not raise the offer price of 190p per share "under any circumstances".
Murdoch family reportedly eyeing fresh bid for Sky
Mon 22 June 2015 07:36
The Murdoch family may be considering a fresh attempt to take full control of Sky, after it knocked back approaches for its stake in the company from Vodafone and French media giant Vivendi.
Bwin.digital sells World Poker Tour to Ourgame for $35m
Mon 22 June 2015 07:27
Bwin.party Digital Entertainment said on Monday that it has sold all of its interests in World Poker Tour (WPT) to Ourgame International Holdings on a debt free/cash free basis for $35m in cash.
Allied Minds joint venture inks licensing deal with Harvard
Mon 22 June 2015 07:27
Allied Minds' joint venture with Bristol-Myers Squibb, Allied-Bristol, has sealed a deal to licence intellectual property to develop treatments for chronic fibrotic and autoimmune diseases with Harvard University.
Cigna rejects Anthem's "inadequate" offer
Mon 22 June 2015 07:21
US health insurer Cigna's board of directors rebuffed a $47.5bn takeover offer from rival Anthem, saying in a letter they were "deeply disappointed" with the "inadequate" offer and with its competitor's actions.
Remgro, Mediclinc to buy 30% of Spire Healthcare
Mon 22 June 2015 07:13
Remgro, a major shareholder of South Africa-based private hospital group Mediclinic, is to buy a 29.9% shareholding in FTSE 250 peer Spire Healthcare.
Tullow Oil settles capital gains tax dispute in Uganda for $250m
Mon 22 June 2015 07:12
Tullow Oil said on Monday that it had settled its capital gains tax dispute with the government of Uganda and the Uganda Revenue Authority(URA) with regard to its farm-downs to CNOOC and Total in 2012.
Aggreko splits into two core businesses, shuffles management
Mon 22 June 2015 07:03
Power generator hire firm Aggreko said it will restructure into two units and announced a raft of management changes.
Hogg Robinson Group appoints new CFO
Fri 19 June 2015 14:39
Michele Maher has been appointed as the new finance director of Hogg Robinson Group, the corporate services company confirmed on Friday.
The People's Operator unveils partnership with Save the Children
Fri 19 June 2015 14:36
The People's Operator (TPO), a mobile virtual network, has entered into a fundraising partnership in the US with Save the Children.
Hershey cuts full-year revenue forecast, hit by weak growth in China
Fri 19 June 2015 14:35
Hershey, the American chocolate and sweet maker, has announced 300 job cuts and slashed its sales growth forecast for the year, hit by weakness in China.
Electric Word sells Radcliffe Publishing to Informa for £1m
Fri 19 June 2015 13:22
Electric Word said on Friday that it has disposed of the trade and certain assets of the company's subsidiary, Radcliffe Publishing, to Informa UK for £1m.
Hunter Resources shoots higher after announcing new prospect
Fri 19 June 2015 13:06
Shares in Hunter Resources shot up 40% on Friday after the company said it has lodged applications for additional tenements covering 5,000 hectares to the north west of the Pampamali Project, to be named the Prospero Project.
Vodafone Germany acquires mobile and data spectrum for £1.5bn
Fri 19 June 2015 13:04
Vodafone said its German business has secured spectrum for mobile data and voice services in the Federal Network Agency's auction for a total cost of €2.09bn (£1.49bn).
CloudTag embarks on strategic partnerhsip with Adience Solution
Fri 19 June 2015 12:00
CloudTag has entered into a strategic partnership with mobile analytics company Adience Solution, allowing CloudTag to access additional technology on a revenue sharing basis.
Renewables Infrastructure Group in "advanced" discussions over potential acquisition
Fri 19 June 2015 11:26
The Renewables Infrastructure Group (TRIG), an investment company focused on the UK and Northern Europe, has announced that it is at an advanced stage of exclusive discussions with Fred Olsen Renewables about a potential acquisition.
Daily Internet announces two-year contract extension with insurance company
Fri 19 June 2015 11:23
A wholly-owned subsidiary of cloud solutions provider Daily Internet has signed a two-year contract renewal with one of the world's largest insurance companies
Central Rand Gold surges after raising £200k in share issue
Fri 19 June 2015 11:18
Shares in Central Rand Gold surged over than 15% on Friday, as the gold explorer announced it had raised £200,000 by issuing 2m new shares at 10p each.
Styles & Wood swings to profit on refinancing plans
Fri 19 June 2015 10:36
Styles and Wood (S&W) shares surged on Friday as it revealed the refinancing of its outstanding convertible preference shares, with Henderson Global Investors fund and a Royal Bank of Scotland (RBS) subsidiary both investing.
BP and Rosneft sign production, exploration and refining agreements
Fri 19 June 2015 09:55
BP and Rosneft said on Friday that they have signed several agreements strengthening their long-term strategic relationship at the St Petersburg International Economic Forum.
Zoopla appoints new non-executive director
Fri 19 June 2015 09:46
Zoopla Property Group has appointed Vin Murria as an independent non-executive director, the group said on Friday.
Starcom names Ehud Shenig as new CFO
Fri 19 June 2015 09:40
Wireless services company Starcom said on Friday that it has appointed Ehud Shenig as chief financial officer with immediate effect.
Rurelec's outgoing chief executive to take consultancy arm
Fri 19 June 2015 09:33
Rurelec has sold its consultancy arm to outgoing chief executive Peter Earl, in a move to save costs.
Biome Technologies wins £1.1m contract with Asia customer
Fri 19 June 2015 09:29
Biome Technologies said on Friday that its Stanelco RF Technologies division has signed a £1.1m contract with a customer in Asia for the manufacture of a set of fibre optic furnaces for supply in 2015.
LSE appoints Donald Brydon as new chairman
Fri 19 June 2015 09:22
London Stock Exchange (LSE) announced on Friday it had appointed Donald Brydon CBE as its new chairman.
Auto Trader's annual revenue hits the gas as digital advertising accelerates
Fri 19 June 2015 08:50
Online marketplace for new and used cars Auto Trader reported a rise in an annual revenue, driven by its switch towards the digital platform.
IP Group's portfolio company raises £110m in funding round
Fri 19 June 2015 08:49
Holding firm IP Group said one its portfolio companies, Oxford Sciences Innovation (OSI), has raised £110m by agreeing partnerships with a host of investors, including Google Ventures and Carphone Warehouse founder Charles Dunstone.
Creightons full-year profits buoyed by major disposal
Fri 19 June 2015 08:28
Creightons reported higher profits in it full year results, driven by the sale of its Twisted Sista brand.
Fyffes raises full-year guidance after strong start to the year
Fri 19 June 2015 08:27
Fyffes shareholders welcomed an increase in the fruit producer's target earnings ranges for 2015 following a good performance in the year to date.
Colt shares rocket as Fidelity makes buyout offer
Fri 19 June 2015 08:27
Shares in Colt surged 20% on Friday after Fidelity said it has made a 190p per share offer for the remaining in the stake in the company it does not already own.
NewRiver Retail to pay first quarterly dividend, proposes placing
Fri 19 June 2015 08:22
UK real estate investment trust (REIT) NewRiver Retail has announced its first quarterly dividend and proposed plans for a 300p a share placing that would raise gross proceeds of £150m.
Auhua Clean Energy posts drop in turnover, unveils placing result
Fri 19 June 2015 08:20
Shares in Auhua Clean Energy lost around a third of their value on Friday morning after the environmental technology firm reported a reduction in full year revenue and unveiled the results of a placing.
Roxi Petroleum receives first payment following sell of Galaz asset
Fri 19 June 2015 08:15
Oil and gas explorer Roxi Petroleum has received the first payment from the sale of its stake in the Galaz asset in Kazakhstan.
US Oil & Gas director steps down
Fri 19 June 2015 08:04
Paul O'Callaghan has left his role as a director of US Oil & Gas, the London-listed group confirmed on Friday.
Sound Oil reshuffles its ranks following expansion in Morocco
Fri 19 June 2015 08:03
Oil and gas explorer Sound Oil has reshuffled its management ranks, following the group expansion into Morocco.
RBS confirms technical issues have been resolved
Fri 19 June 2015 07:38
Royal Bank of Scotland said on Friday that the recent technical issues experienced by some of its customers in relation to delayed credits and debits have now been resolved and accounts have been updated.
PureTech Health raises £108m from flotation at 160p apiece
Fri 19 June 2015 07:36
PureTech Health has raised £108m following its initial public offering which saw the shares listed at 160p apiece.
Card Factory senior staff to sell shares
Fri 19 June 2015 07:26
Card Factory said on Friday that certain directors and members of its senior management team plan to sell around 7.4m shares in the company via an accelerated bookbuild placing.
Petrofac awarded contract renewals worth $400m
Fri 19 June 2015 07:20
Petrofac's offshore project & operations business unit has won repeat orders for operations and maintenance work worth around $400m on the UK Continental Shelf (UKCS).
N Brown makes "encouraging start" as first-quarter sales rise
Fri 19 June 2015 07:13
N Brown, the home shopping group with brands such as Simply Be and Jacamo, said its full-year guidance remains unchanged after an "encouraging start to the year".
Keith Skeoch to replace David Nish as Standard Life CEO
Fri 19 June 2015 07:04
Standard Life's chief executive David Nish will step down on 5 August after six years in the role, to be succeeded by Keith Skeoch, who is currently chief executive of Standard Life Investments.
Science in Sports appoints new director
Thu 18 June 2015 16:47
Science in Sport, a sports nutrition company, appointed a new director as part of its growth strategy.
US hedge fund slams Samsung ahead of court hearing
Thu 18 June 2015 16:30
Elliott Associates has slammed Samsung's proposed merger with its affiliate Samsung C&T, labeling it "significantly damaging."
Fitbit shares up more than 50% on debut
Thu 18 June 2015 15:29
Shares in fitness watch producer Fitbit jumped more than 50% on debut, at $30.05 per share at 15.34 on Thursday.
Google said to be mulling joint bid with Permira for Tesco loyalty arm
Thu 18 June 2015 15:05
Google is reportedly drawing up secret plans to gatecrash the auction of Tesco's customer loyalty arm by considering a joint takeover bid with Permira.
Friday preview: Investors await results of Eurogroup meeting on Greece
Thu 18 June 2015 14:55
Friday is set to be very quiet day for UK financial markets in terms of economic data and corporate results, so sentiment is likely to be driven by any news flow coming the Eurogroup meeting on Greece overnight.
Tristel surges after announcing special dividend
Thu 18 June 2015 14:54
Tristel, a manufacturer of hygiene products, rose 9% on Thursday after the company announced a 3p special dividend.
Bluecrest Allblue Fund seees strong returns thanks to uncertainties over Greece
Thu 18 June 2015 13:58
British investment group Bluecrest Allblue Fund has welcomed strongest returns coming from the short bias to European rates in May.
easyJet strengthens its Italian strategy
Thu 18 June 2015 13:18
easyJet said on Thursday that it is strengthening its Italian strategy by expanding its bases at Milan Malpensa and Naples and opening a new base in Venice.
Toyota executive arrested on narcotics charges
Thu 18 June 2015 13:09
Toyota's first female executive was arrested in Japan on Thursday on suspicion of drug smuggling, local media reported.
Minco intercepts widespread mineralisation at Buchans project
Thu 18 June 2015 12:47
Minco said on Thursday that it has intersected widespread ore mineralisation at its Buchans project in Canada following a 2,200 metre exploration drilling programme.
Goldman Sachs cuts working hours for interns
Thu 18 June 2015 12:33
Wall Street heavyweight Goldman Sachs has unveiled plans to relax the amount of hours interns are asked to work.
Mortice's annual results in line but misses profit expectations on increasing costs
Thu 18 June 2015 11:48
Security and facilities management group Mortice forecast its full year revenues to be in line with market expectations, but it will miss its profits forecasts due to additional costs.
Vodafone CTO joins FireEye board
Thu 18 June 2015 11:48
Cyber security firm FireEye announced Vodafone Group chief technology officer Steve Pusey will join its board.
Aga weighs up US takeover
Thu 18 June 2015 11:16
Cast-iron cooker maker Aga Rangemaster confirmed that it was considering a possible takeover by a US kitchen equipment company.
CityFibre pairs with Abzorb, completes 20% of West Yorkshire fibre roll out
Thu 18 June 2015 11:02
CityFibre has partnered with Abzorb and said it has completed 20% of a pure fibre roll out in West Yorkshire's Kirklees, in an announcement today.
Trading in BPI halted as Caixa Bank mulls bid
Thu 18 June 2015 10:32
A trading halt was placed on shares in Portugal's BPI amid reports that Spain's Caixa Bank would meet next week to consider a complete takeover.
Fitbit ups offer price as it gears toward listing
Thu 18 June 2015 10:23
Fitness tracking device FitBit upped its pricing of stock to $20 per share ahead of its listing on Thursday.
HML Holdings' profits higher despite extensive portfolio investment
Thu 18 June 2015 10:05
Property management services group HML Holdings posted a 13% rise in operating profit for the year ended 31 March.
Lloyds boss urges industry to get behind ring-fencing
Thu 18 June 2015 09:59
The boss of Lloyds Banking Group has called on the banking industry to stop complaining about regulatory changes and back moves to ring-fence high street banks from their investment arms.
Charles Stanley swings to full-year loss
Thu 18 June 2015 09:44
Broker Charles Stanley swung to a full-year pre-tax loss following a year of substantial changes at the company.
Kingfisher appoints new head of B&Q UK & Ireland
Thu 18 June 2015 09:35
Kingfisher said on Thursday that it has appointed Michael Loeve as chief executive officer of B&Q UK & Ireland.
MS International sees profits plummet; acquires Petrol Sign
Thu 18 June 2015 09:30
MS International saw profits almost halve over the last financial year, but retained a positive outlook as it bolstered its petrol station division with a European acquisition.
Dillistone Group enjoys positive first quarter despite lower profits
Thu 18 June 2015 09:00
Dillistone Group, a supplier of software to the recruitment industry, warned its profits during the first quarter will be down following higher depreciation charges.
Frontera Resources appoints new executive director
Thu 18 June 2015 08:54
Zaza Mamulaishvili has been appointed as an executive director at Frontera Resources, the oil and gas explorer confirmed on Thursday.
Baron Oil receives positive update from Northern Ireland well appraisal
Thu 18 June 2015 08:51
Oil explorer Baron Oil said the drilling appraisal at the Islandmagee-1 well in Northern Ireland delivered positive results.
Sirius Minerals plunge as application for North Yorks project hangs in balance
Thu 18 June 2015 08:51
Shares in Sirius Minerals plunged over 20% early on Thursday after the potash development group said its planning application for a project in North Yorkshire remains hung in the balance.
Market Tech Holdings acquires Hawley Crescent contract
Thu 18 June 2015 08:49
Market Tech Holdings announced that it has exchanged contracts to acquire Hawley Crescent for £31.1, as it continues to swell its property portfolio.
Tritax to raise £54m in final tranche of issuance programme
Thu 18 June 2015 08:39
Real estate investment trust Tritax Big Box said it expects to raise £54m by issuing 47,787,607 new ordinary shares at 113p each.
Two directors to go from Depa
Thu 18 June 2015 08:37
Interior design company Depa has confirmed two of its independent board members have resigned.
WPP takes over Dutch media and marketing business
Thu 18 June 2015 08:20
GroupM, the media investment management arm of advertising and media giant WPP, has bought Dutch business Greenhouse Group.
Netplay TV's gaming license gets UK approval
Thu 18 June 2015 08:20
Netplay TV confirmed that its UK remote operating license was approved by the UK Gambling Commission.
William Hill's chief financial officer set to join Barratt
Thu 18 June 2015 08:13
Neil Cooper, William Hill's group finance director, will step down from his role to become chief financial officer at Barratt Developments, the gambling company has announced.
Segro and M&G dissolve Big Box joint venture
Thu 18 June 2015 07:54
Real estate investment trust Segro confirmed on Thursday that it has completed the component transactions resulting in the dissolution of the Heathrow Big Box Industrial and Distribution Fund joint venture.
Bankers Investment Trust boosts profit, confident of dividend growth
Thu 18 June 2015 07:48
Bankers Investment Trust boosted its pre-tax profit on Thursday and said it was confident of meeting its guidance for dividend growth.
Poundland slumps after warning over outlook, although full-year results are solid
Thu 18 June 2015 07:33
Shares in Poundland fell nearly 5% on Thursday after the discount retailer warned that it faced a number of headwinds in the current financial year, as it posted an 18.6% rise in full-year underlying pre-tax profit.
Wood Group picks up Saudi Aramco contract
Thu 18 June 2015 07:32
Energy services company Wood Group has won a contract from Saudi Armaco, the Dhahran headquartered firm which is the world's largest oil and gas company.
Playtech raises 227m pounds in share placing to fund acquisitions
Thu 18 June 2015 07:15
Gambling software company Playtech said on Thursday that it has placed the full amount of 29.05m shares at 780p each, raising gross proceeds of around £227m before expenses.
Premier Farnell lifts sales but gross profit down
Thu 18 June 2015 07:06
Technology products and solutions firm Premier Farnell raised group sales by 5.4% over the first quarter as it looks to cut expenses to improve operating profit.
Barratt Developments appoints William Hill's Neil Cooper as new CFO
Thu 18 June 2015 07:05
Housebuilder Barratt Developments said on Thursday that Neil Cooper will join the board as an executive director in the capacity of chief financial officer.
Nokia one step closer to clinching Alcatel takeover
Wed 17 June 2015 16:09
The US Department of Justice said it would allow Nokia and Alcatel to combine, bringing the two phone companies closer to merger.
China deports British investigator and wife caught in GSK corruption case
Wed 17 June 2015 15:44
The British investigator linked to a corruption case involving GlaxoSmithKline (GSK) has been deported, along with his wife, by Chinese authorities, following his release from jail.
Thursday preview: US inflation data and jobless claims on tap
Wed 17 June 2015 15:33
Data from the States is likely to steal the limelight on Thursday on another relatively quiet day in terms of company results, as investors continue to speculate about what the latest figures mean for a potential rate hike.
RBS payments glitch a 'serious failure', says MP
Wed 17 June 2015 15:29
Andrew Tyrie, the Chairman of the Treasury Committee, described as a "serious failure" the glitch that prevented Royal Bank of Scotland customers from receiving their payments overnight.
eServGlobal's director resigns after cost savings review
Wed 17 June 2015 14:46
Weeks after agreeing on a loan of £5m to cut costs, mobile financial servives group eServGlobal has announced the departure of a non-executive director.
CMA worried over firm's collection consumer data
Wed 17 June 2015 14:36
The UK Competition and Markets Authority said consumer confidence is 'fragile' following new research out Wednesday.
Mobile Streams in the dark over share price surge
Wed 17 June 2015 14:24
Mobile Streams noted the spike in its share price on Wednesday and said it does not know the reason for the move.
BT hits out at rival 'roadblocks' to EE merger
Wed 17 June 2015 14:18
Telcos BT and EE defended their merger plans, and warned it would be dangerous to let self-interested companies stop the deal.
WPP raises stake in TechEdge to 49% from 20%
Wed 17 June 2015 14:15
Advertising agency WPP said on Wednesday that it has increased its stake in Denmark-based software supplier TechEdge to 49% from 20%.
Allergan nabs 'double chin' drug in $2.1bn acquisition
Wed 17 June 2015 13:56
Cosmetic pharmaceutical company Allergan will acquire a drug that gets rid of double chin in a $2.1bn deal to buy Kythera, the company announced.
Westside Investments swings to a profit, but revenues fall
Wed 17 June 2015 13:54
Westside Investments, which plans to change its name to reflect its emphasis on sport-related activities, swung to a profit during the year ended 31 December 2014.
Severn Trent and National Grid outperform during corrections
Wed 17 June 2015 13:42
Past performance is no guarantee of futures returns, but it may nevertheless pay to be aware of certain typical trading patterns, especially if you happen to own shares in Severn Trent or National Grid.
Pearson to sell PowerSchool business to Vista Equity for $350m
Wed 17 June 2015 12:36
Pearson has agreed the sale of its PowerSchool business to private equity firm Vista Equity Partners for a gross consideration of $350m in cash.
Walker Greenbank enjoys strong UK and US performance
Wed 17 June 2015 11:42
Walker Greenbank, a luxury interior furnishings group, reported a strong trading performance in the UK and accelerated international sales growth during the first four and a half months of the year.
Teathers Financial sheds Jubilee Platinum shares
Wed 17 June 2015 11:39
Teathers Financial announced that it had sold 0.5m shares in Jubilee Platinum for £12,750, making a net profit of £4,596.50.
Steel company Severfield doubles pre-tax profit, despite Cheesegrater repair costs
Wed 17 June 2015 11:24
Serverfield posted underlying profit before tax of £8.3m, up from last year's £4m, in results announced today.
Futura Medical says product portfolio is in line with business plan
Wed 17 June 2015 11:12
Futura Medical, a healthcare company focused on transdermal technology, said on Wednesday its product portfolio has been progressing in line with expectations.
Inland Homes set to beat profit forecasts with £19m sale
Wed 17 June 2015 10:38
Specialist housebuilder and brownfield developer Inland Homes expects the current financial year's pretax profit to top expectations, following the sale of 205 residential plots with planning permissions at the Drayton Garden Village to an unnamed "major
Co-op invests £125m to cut fruit and veg prices
Wed 17 June 2015 10:24
The Co-operative Food said on Wednesday that it will invest £125m to cut the cost of fresh fruit and vegetables at its 2,800 stores across the UK.
Berkeley tops FTSE 250, as traders shun EU warning
Wed 17 June 2015 10:17
Analysts praised Berkeley's full-year results as shares in the stock rose to the top of the FTSE 250.
Hummingbird Resources plunges after discounted placing
Wed 17 June 2015 10:11
Gold explorer Hummingbird Resources fell 8% on Wednesday after the company said it raised about £3.5m in a discounted share placing.
RBS admits payments have 'gone missing' overnight
Wed 17 June 2015 09:44
Royal Bank of Scotland has admitted a number of payments expected by customers have failed to be credited into a number of accounts.
Booker appoints Stewart Gilliland as non-executive chairman
Wed 17 June 2015 09:41
Booker said on Wednesday that Stewart Gilliland will replace Richard Rose as non-executive chairman.
Rolls-Royce wins Finnair servicing contract
Wed 17 June 2015 09:30
Rolls-Royce said on Wednesday that it has won a contract to service engines on Finnair's aircraft.
WPP's GroupM buys New Zealand media agency
Wed 17 June 2015 09:20
Advertising agency WPP announced on Wednesday that its GroupM operating company has bought New Zealand-based media agency Chemistry Media for an undisclosed sum.
Standard Chartered names Naguib Kheraj senior independent director
Wed 17 June 2015 09:14
Standard Chartered said on Wednesday that it has appointed Naguib Kheraj as senior independent director effective from 16 June.
Active Energy confident that latest forestry venture is legitimate
Wed 17 June 2015 09:01
Active Energy Group (AEG) said it remains confident of its latest forestry venture's legal validity, reiterating the sentiment posted in its annual report last week.
Goldplat shares lift as it reports progress despite processing woes
Wed 17 June 2015 08:41
Shares in mining firm Goldplat lifted 15.73% to 2.17p at 8.54 on Wednesday, after it said progress in South Africa and Ghana had countered its processing troubles.
CentralNic raises £2.3m in placing to improve balance sheet
Wed 17 June 2015 08:33
Internet platform CentralNic Group has raised £2.3m through a placing of shares to strengthen its balance sheet.
Innovation Group announces £46m software deal with unnamed UK insurer
Wed 17 June 2015 08:22
Innovation Group announced that it has secured a £46m, ten-year deal, in which the software provider will supply a range of products to an unnamed UK insurer.
FinnAust Mining surges on Finnish projects update
Wed 17 June 2015 08:13
Shares in FinnAust Mining surged over 15% early on Wednesday, after the exploring group said it had identified new mineralised zones in the proximity of previously producing mines at its projects in Finland.
Baron Oil plunges as annual loss widens
Wed 17 June 2015 08:12
Shares in Baron Oil plunged over 10% early on Wednesday, as the oil explorer reported a wider annual loss due to increased impairment charges in Colombia.
Old Mutual prices asset manager share offering at $17.50
Wed 17 June 2015 08:11
Old Mutual said on Wednesday that it is planning to offer 13.3m shares in its asset management business at $17.50 each to raise money for general corporate purposes.
Vivendi reportedly planning to raise stake in Telecom Italia
Wed 17 June 2015 07:59
French media company Vivendi is reportedly planning to increase its stake in Telecom Italia to between 10% and 15%.
NetDragon's $130m approach for Promethean World not certain
Wed 17 June 2015 07:57
Chinese online gaming firm NetDragon has spoken out about its approach to acquire Promethean World, and said talks are at an "early stage."
Nestle to reduce its presence in Africa
Wed 17 June 2015 07:35
Global food giant Nestle will reduce its business in Africa after concluding that consumption of its products in the region by shrinking middle income groups was "extremely small" and "not really growing."
JD Sports makes strong start despite "challenging" comparatives
Wed 17 June 2015 07:10
High street sports retailer JD Sports Fashion said it expects to meet annual forecasts after a solid start to the year despite tough comparatives and weaker margins in Europe.
Betfair shares drop as investors book profits after strong full-year results
Wed 17 June 2015 07:08
Shares in Betfair fell 2% in early trade, with traders and analysts pointing to profit-taking after the company posted a 53% rise in full-year operating profit as product and marketing investment drove record customer activity.
Berkeley shares rise following lift in full-year profit
Wed 17 June 2015 07:04
Shares in property stock Berkeley Group rose 8.61% on the news it posted a 42% rise in full-year pre-tax profit.
Lloyds directors sell down £4.3m worth of shares
Tue 16 June 2015 16:28
A group of Lloyds directors sold down about £4.3m worth of shares, the lender said on Tuesday.
Work Group suspended following strategic review
Tue 16 June 2015 16:09
Recruitment services business Work Group has been suspended from trading on AIM after deciding not to release its full-year results.
Wednesday preview: Investors await FOMC policy meeting
Tue 16 June 2015 15:24
The two-day Federal Open Market Committee meeting comes to an end on Wednesday evening and will likely to steal the spotlight with investors looking out for possible hints about the first rate hike.
National Express wins two German rail contracts
Tue 16 June 2015 14:55
National Express said on Tuesday that it has won two new German rail contracts that are expected to generate revenues of around €1bn over their lifetimes.
Alex Dibelius plans move to private equity firm
Tue 16 June 2015 14:49
One of the most well-known investment bankers in Germany, Alex Dibelius, will leave Goldman Sachs for a European buyout group later this year, reports say.
Trakm8 acquires camera systems provider DCS for £3.3m
Tue 16 June 2015 14:14
Trakm8, a telematics and data provider, has acquired DCS Systems for £3.3m.
Investment bank Houlihan has filed for IPO, report says
Tue 16 June 2015 14:08
Houlihan Lokey has made a confidential filing for an initial public offering, the Wall Street Journal reported, citing sources.
Access Intelligence announces acquisition, CFO resignation
Tue 16 June 2015 13:47
Software supplier Access Intelligence announced that it has agreed to buy Cision UK and Vocus UK for an aggregate cash consideration of £1.34m.
Royal Mail demands certainty as Ofcom reviews
Tue 16 June 2015 13:43
Postage handler Royal Mail said letters by post are in structural decline as it called for certainty in the market.
Palace Capital sells building for £1.25m to reduce debt
Tue 16 June 2015 13:23
Palace Capital, a property investment company, sold a hi-tech building at Burgess Hill, West Sussex, for £1.25m.
Iofina says first-half production will be above market expectations
Tue 16 June 2015 13:02
Iodine producer Iofina said its production target for the first half of the year will be ahead of expectations.
Griffin Mining shares drop as China mine temporarily suspended
Tue 16 June 2015 12:55
Shares in Griffin Mining fell 4% on Tuesday after the company said operations at the Caijiaying mine in China have been temporarily suspended following the death of an employee.
Shell calls for political intervention on tax avoidance rules
Tue 16 June 2015 12:50
Oil giant Royal Dutch Shell has warned the increasing tensions generated by a planned crackdown on tax avoidance could have strong repercussions on the industry.
Goldman Sachs to launch online loans
Tue 16 June 2015 11:13
Banking giant Goldman Sachs is reportedly set to implement a sharp change to its business model by offering loans to its customers.
WestJet unveils low-cost flights between Canada and Gatwick for 2016
Tue 16 June 2015 10:48
Canadian low-cost airline WestJet announced on Tuesday it will be launching flights to London Gatwick next year as part of its international strategic plans.
Admiral Group appoints Manning Rountree
Tue 16 June 2015 10:48
Car insurer Admiral group has appointed Manning Rountree as a non-executive director, pending regulatory approval.
Flowgroup reduces boiler installations in wake of court ruling
Tue 16 June 2015 10:45
Flowgroup has cuts its boiler installations for the remainder of 2015, opting to focus on cutting costs after the European Court of Justice's ruling that it had breached EU laws with its UK sales tax reduction on energy saving products.
Sophos Group shares priced at 210-280p in IPO
Tue 16 June 2015 10:29
IT security company Sophos Group, which is majority-owned by private equity firm Apax Partners, is offering around 600m shares at 210p-280p per share in an initial public offering, according to market sources.
DP Poland aims to raise dough after placing 34.8m shares
Tue 16 June 2015 10:27
DP Poland, which operates Domino's Pizza outlets in Poland, has placed 34.8m shares at 0.5p each in a bid to raise approximately £5.5m.
WPP acquires 'significant' minority stake in Hirschen Group
Tue 16 June 2015 10:12
Advertising and PR giant WPP has reached an agreement to acquire a "significant" minority stake in German independent agent Hirschen Group GmbH for an undisclosed amount.
Bidders line up for British 'bad bank's' mortgage portfolio
Tue 16 June 2015 09:48
UK Asset Resolution (UKAR) confirmed it had received expressions of interest in a 13bn pound mortgage portfolio seized from Northern Rock and Bradford & Bingley when they were bailed-out - code-named Granite - and the associated mortgage servicing operati
Northcote Energy's drilling delayed by adverse weather
Tue 16 June 2015 09:44
Northcote Energy informed investors that drilling operations at its Shoats Creek project will be pushed back to 29 June, due to adverse weather conditions in Louisiana.
Pressure Technologies announces new financial director, shares higher
Tue 16 June 2015 09:27
Pressure Technologies announced that Finance Director James Lister will step down as finance director on 30 June, to permanently retire on 1 September.
Coty reportedly nears deal to buy Procter & Gamble businesses
Tue 16 June 2015 09:05
US company Coty, which owns cosmetics brand Rimmel, has reportedly won auctions to buy three businesses from Procter & Gamble for as much as $12bn.
PowerFilm shareholders approve delisting from AIM
Tue 16 June 2015 09:00
Solar panel producer PowerFilm has confirmed its shareholders have voted in to cancel the company's admission of its common shares to trading on AIM.
UnitedHealth tables bid for Aetna
Tue 16 June 2015 08:56
US health insurer UnitedHealth launched a takeover offer overnight for rival Aetna, in a deal that would likely be valued at more than $40, the Wall Street Journal reported on Tuesday citing people familiar with the matter.
Sound Oil plunges after abandoning second appraisal well in Italy
Tue 16 June 2015 08:45
Shares in Sound Oil plunged over 15% early on Tuesday, as the oil and gas explorer announced it had chosen to abandon its second appraisal well at its onshore Nervesa discovery in Northern Italy.
4D Pharma posts "exciting" development results from MicroRx
Tue 16 June 2015 08:33
Pharmaceutical company 4D Pharma said it had made significant progress in its research efforts using its proprietary platform MicroRx.
Ofcom to review Royal Mail after Whistl withdrawal
Tue 16 June 2015 08:30
UK regulator Ofcom announced a fundamental review of the regulation of Royal Mail on Tuesday to make sure the company faces adequate competition following Whistl's withdrawal from the direct-delivery letters market.
LekOil's Otakipo farm-in approved by Nigeria's petrol minister
Tue 16 June 2015 08:22
LekOil has confirmed that it has received consent from Nigeria's minister of petroleum resources for its acquisition of a 40% stake in the Otakikpo Marginal Field.
DJI narrows loss, but still hit by licence suspension
Tue 16 June 2015 08:09
Chinese lottery firm DJI Holdings narrowed its loss as it waited for a suspension of online products to be lifted.
Trifast annual pre-tax profits rise, CEO departs
Tue 16 June 2015 08:05
Manufacturing group Trifast posted better-than-expected annual pre-tax profit, as revenue rose on the back of operational improvements.
Finsbury Food Group completes Johnstone's Just Desserts acqusition
Tue 16 June 2015 08:03
Bakery products manufacturer Finsbury Food Group has completed the acquisition of Johnstone's Just Desserts for an undisclosed amount.
Crest Nicholson posts 52% rise in first-half profit; upbeat on outlook
Tue 16 June 2015 07:56
Housebuilder Crest Nicholson posted a 52% rise in first-half pre-tax profit to £58.3m from £38.4m and said it will increase the number of homes it plans to build.
Cigna to reject Anthem takeover bid
Tue 16 June 2015 07:48
US health insurer Cigna has rebuffed an offer from larger rival Anthem, which made two takeover bids within the last 10 days, The Wall Street Journal reported on Monday citing people familiar with the matter.
Record plc posts 18% profit jump, ups dividend
Tue 16 June 2015 07:45
Currency manager Record Plc posted an 18% profit bump, and has lifted its final dividend.
APR Energy plunges 28% after saying full-year results will be well below expectations
Tue 16 June 2015 07:33
Shares in APR Energy plunged 28% on Tuesday after the company said it expects its 2015 full-year results to be significantly below market expectations, pointing to the higher-than-expected costs of exiting Libya and unfavourable foreign exchange rates, pa
Dignity to buy 36 funeral locations from Laurel
Tue 16 June 2015 07:32
Funeral provider Dignity said on Tuesday that it has signed a conditional sale and purchase agreement to acquire 36 of the 83 locations currently operated by Laurel Funerals for a total consideration of £38m.
Aukett Swanke lifts profit 9%, eyes growth in Middle East
Tue 16 June 2015 07:32
Architecture and design firm Aukett Swanke lifted its pre-tax profit by 9% and said it would look to the Middle East for growth.
Whitbread first-quarter sales boosted by Costa, Premier Inn
Tue 16 June 2015 07:29
Leisure group Whitbread said it has started the new financial year well, as strong growth at its Costa and Premier Inn brands made up for weakness in the restaurants division.
HSBC and JP Morgan to consider moving from UK to Luxembourg
Tue 16 June 2015 07:12
HSBC and JP Morgan are weighing relocating parts of their businesses from the UK to Luxembourg, given a potential exit of the country from the European Union (EU), The Times reported.
GlaxoSmithKline could reportedly be targeted by Roche, Johnson & Johnson
Tue 16 June 2015 07:11
Pharmaceuticals giant GlaxoSmithKline could reportedly become the latest takeover target in the industry.
Ashtead drops as investors take profits after strong full-year results
Tue 16 June 2015 07:08
Ashtead fell nearly 3% on Tuesday, with traders and analysts pointing to profit-taking after the company beat expectations and posted a 33% rise in full-year pre-tax profit.
Health-care deal activity heats up as Anthem launches second bid for rival
Mon 15 June 2015 17:32
New York-listed health care provider Anthem has launched another takeover bid for rival Cigna.
Isola group president and CFO to retire
Mon 15 June 2015 16:02
Both Isola group's president and chief financial officer will retire, the company said Monday.
Aukett Swanke buys 80% stake in architect firm John R Harris & Partners
Mon 15 June 2015 14:44
Aukett Swanke said on Monday that it has acquired an 80% stake in John R Harris & Partners (JRHP) for a total consideration of £897,000 that will be paid in cash and funded from the company's existing balances.
Tuesday preview: UK CPI data to show prices bounced back in May
Mon 15 June 2015 14:37
Tuesday is set to be a relatively quiet session in terms of company results, though things are set to pick up on the economic data calendar with British inflation figures likely to steal the focus.
Nationwide customers affected by IT problems
Mon 15 June 2015 14:19
Building society Nationwide was having IT problems on Monday morning, with customers having difficulty transferring payments online.
Falkland Oil and Gas begins drilling on Humpback well
Mon 15 June 2015 14:17
Falkland Oil and Gas has begun drilling on the Humpback exploration well located on licence PL012, in which the firm has a 52.5% working interest.
WisdomTree creates distribution role, appoints McKinsey & Company partner
Mon 15 June 2015 14:14
WisdomTree investments has hired Kurt MacAlpine as executive vice president-head of global distribution.
Circassia makes unconditional offer for Aerocine
Mon 15 June 2015 14:12
Circassia Pharmaceuticals has officially declared an unconditional offer for Aerocrine and extended its acceptance period until 26 June.
Plutus PowerGen secures 260 megawatts of power capacity
Mon 15 June 2015 14:06
Energy supplier Plutus PowerGen shares rose 8% on Monday after the company said has successfully identified and secured electricity connection agreements with three firms for 260 megawatts of power capacity.
Mosmon Oil & Gas fails in bid to takeover MEO Australia
Mon 15 June 2015 13:55
Mosmon Oil and Gas said on Monday that it has failed in its bid to takeover MEO Australia after the deadline passed on Friday.
US gun manufacturer Colt files for bankruptcy protection
Mon 15 June 2015 13:41
Colt Defence LLC filed for chapter 11 bankruptcy protection but said it would continue normal business operations as it obtained $20 million from lenders.
Saudi Arabia's stock market opens to foreign investors
Mon 15 June 2015 13:34
Saudi Arabia's Tadawul stock exchange opened to foreign investors for the first time on Monday.
Adamas Finance gets another $0.75m from Global Pharm
Mon 15 June 2015 12:59
Adamas Finance Asia said on Monday that it has received a further payment of $0.75m from Global Pharm Holdings Group following the sale of its interest in the company.
Metro drops after saying it will sell Galeria Kaufhof to Hudson's Bay for EUR2.83bn
Mon 15 June 2015 12:08
Shares in German retailer Metro AG fell 3% on Monday after the company said it is selling its Galeria Kaufhof department stores and its Belgian subsidiary, Inno, to Hudson's Bay Company for €2.83bn .
CVS Health to buy Target pharmacy business for $1.9bn
Mon 15 June 2015 12:07
CVS Health unveiled plans to acquire Target Corp's pharmacy and clinic business for about $1.9bn.
OM Asset management launches secondary offering
Mon 15 June 2015 12:06
OM Asset Management has made a secondary offering of 11 million ordinary shares, for general corporate purposes, Old Mutual announced Monday.
LGO Energy begins drilling new well development
Mon 15 June 2015 11:50
Oil and gas group LGO Energy has begun drilling its flagship Goudron field's 12th development well, the first on its pad 5 site.
Thomas Cook's independent director resigns
Mon 15 June 2015 11:49
Travel company Thomas Cook has announced that Carl Symon will step down from his role as non-executive director on 30 September.
Sabien Technology warns full-year revenues will be lower, losses wider
Mon 15 June 2015 11:48
AIM-listed Sabien Technology Group on Monday warned that it expects to report lower annual revenue and wider losses following the delay of some substantial orders.
Management Resources warns cancellation of D&M Group acquisition will hit results
Mon 15 June 2015 11:47
Shares in Management Resource Solutions (MRS) lost a third of their value on Monday morning after the group said its full-year financial performance would be affected by the cancellation of the planned acquisition of D&M Group.
Boeing inks $1.5bn aircraft deal with Eva
Mon 15 June 2015 10:52
Taiwanese airline Eva said it would purchase five cargo aircraft from Boeing in a $1.5bn deal announced Monday.
River and Mercantile Group to manage £700m Royal Mail options mandate
Mon 15 June 2015 10:37
Advisory and asset management River and Mercantile Group said it will manage a £700m options mandate for the Royal Mail Pension Plan.
Galasys wins new contract with Chinese water park
Mon 15 June 2015 10:16
Amusement park solutions provider Galasys has landed a new contract worth £0.5m with a water park in China.
BMR Mining grants 13.2m share options
Mon 15 June 2015 10:15
BMR Mining has granted four directors a total of just under 13.2m share options to subscribe for new ordinary shares in the firm at an exercise price of 6p.
Venn Life Sciences appoints new CFO
Mon 15 June 2015 10:13
Clinical research and development group Venn Life Sciences Holdings has confirmed Jonathan Hartshorn has begun his tenure as the group's new chief financial officer.
Altona Energy says Arkaringa talks are progressing
Mon 15 June 2015 10:12
Altona Energy said on Monday that talks with its joint venture partners about amending the agreement for the development of the Arkaringa coal deposit to reflect a change in the project focus to underground coal gasification are progressing.
RM2 International narrows loss with surging revenue
Mon 15 June 2015 09:53
RM2 International expressed a positive outlook as it narrowed its pretax profit loss and significantly boosted its revenue in 2014.
Orion considering bidding for Tesco's South Korean unit
Mon 15 June 2015 09:46
South Korean snack maker Orion said it was considering bidding for Tesco's South Korean unit, which is worth approximately £3.9bn.
UK Oil & Gas Isle of Wight licence extended to 2017
Mon 15 June 2015 09:34
UK Oil & Gas Investments said on Monday that the Oil & Gas Authority has extended its Offshore Isle of Wight licence by a year to the end of January 2017.
Vedanta Resources shares gain on merger confirmation
Mon 15 June 2015 08:57
Shares in Vedanta Resources rose 2.5% on Monday as investors welcomed the company's confirmation over the weekend that it is merging Vedanta Ltd and Cairn India.
Grind looks for £1.5m investment through crowdfunding
Mon 15 June 2015 08:54
Independent coffee chain Grind wants to raise £1.5m for expansion and has launched a bond issue through a crowdfunding website.
Cairn Homes makes LSE debut
Mon 15 June 2015 08:48
Housebuilder Cairn Homes said its entire issued ordinary share capital of 429,737,228 shares has been admitted to trading on the London Stock Exchange's main market on Monday.
Central Rand Gold plunges after extending sale deadline
Mon 15 June 2015 08:46
Shares in Central Rand Gold plunged over 14% early on Monday, as the gold explorer said it has extended the completion date for the sale of its subsidiary Central Rand Gold (Netherlands Antilles) NV by a month.
Obtala to buy two new timber concessions, announces cash injection plan
Mon 15 June 2015 08:44
Obtala Resources has completed the acquisition of two new timber concessions totalling 35,000 hectares in Mozambique and announced plans to make a $0.3m cash injection for additional capital equipment to increase operational productivity.
Eclectic Bar shares jump on subscription news, but warns on full year results
Mon 15 June 2015 08:43
AIM-listed bar operator Eclectic Bar Group rose on news of a subscription, but said it has begun implementing a cost reduction programme as it warned the effect of competitive pressures on current trading was likely to have an impact on its results for th
Byotrol narrows full-year loss on cost-cutting and higher revenue
Mon 15 June 2015 08:39
Byotrol revealed a narrower loss in its full year results, buoyed by significantly lower operating costs and slightly higher revenue.
Latchways profits drop, dividend maintained
Mon 15 June 2015 08:35
Safety systems manufacturer Latchways posted a 28% drop in full-year profits, the company revealed on Monday.
John Laing Group to receive £60.7m refund as Victorian project is suspended
Mon 15 June 2015 08:14
Infrastructure company John Laing Group said the East West Connect consortium, in which the group holds a 30% stake, has reached an agreement with the Victorian Government for a final resolution to the East West Link project.
Plexus Holdings wins £3.3m contract with Total
Mon 15 June 2015 08:12
Oil and gas engineering group Plexus Holdings has secured a £3.3m deal with oil group Total E&P Norge.
Rolls-Royce wins $224m-worth of contracts with US Department of Defense
Mon 15 June 2015 08:01
Rolls-Royce has won contracts worth a total of $224m with the US Department of Defense to support US military branches and global air forces.
Aberdeen Asset Management to issue £100m of non-voting shares to MUTB
Mon 15 June 2015 07:51
Aberdeen Asset Management said on Monday that it had agreed to issue £100m of non-voting, perpetual, non-cumulative, redeemable shares to Mitsubishi UFJ and Banking Corporation (MUTB).
Enoc ups its offer to seal Dragon Oil deal
Mon 15 June 2015 07:37
Emirates National Oil Company has upped the ante to buy the remainder of Dragon Oil, valued at £1.7bn.
Aveva said to be working with Lazard on takeover options
Mon 15 June 2015 07:30
Software developer Aveva has reportedly hired bankers Lazard to consider its strategic options as speculation over a bid from an American suitor grows.
NMC Health acquires ProVita
Mon 15 June 2015 07:09
NMC Health has acquired long-term medical care provider ProVita for $160.6m in cash, the company announced on Monday.
Thomas Cook sets up Chinese partnership with Fosun
Mon 15 June 2015 07:04
Thomas Cook has started a new joint venture with shareholder Fosun International with the aim of developing domestic, inbound and outbound tourism activities for the Chinese market.
USAF to buy 2,100 bed student accommodation portfolio for £271m
Mon 15 June 2015 07:03
Unite UK Student Accommodation Fund (USAF), in which Unite Group has a 22% stake, has reached an agreement to buy a 2,100 bed student accommodation portfolio for £271m.
Afren's shares plunge nearly 16% as finance director Darra Comyn resigns
Fri 12 June 2015 16:20
Afren's shares tumbled on Friday afternoon after the oil and gas company's finance director resigned.
Mountfield swings to loss in 2014
Fri 12 June 2015 13:03
AIM-listed construction company Mountfield Group said on Friday that it swung to a pre-tax loss in 2014 of £3.9m, compared with a profit of £765,339 the previous year, due to a poor performance at its building group business.
Tethys Petroleum agrees to extend exclusivity period with AGR Energy
Fri 12 June 2015 12:07
Tethys Petroleum has agreed a short extension to its exclusivity period with AGR Energy, which originally ran to 12 June.
Trap Oil continues to look for funding solution as share price slides
Fri 12 June 2015 12:07
Trap Oil released a statement on Friday following a sharp decline in the share price since Thursday lunchtime.
EMED Mining raises £6.8m from oversubscribed bookbuild
Fri 12 June 2015 12:04
EMED Mining said on Friday that it has completed an oversubscribed bookbuild, raising £6.8m.
Google told to extend privacy protection rule by French regulators
Fri 12 June 2015 11:51
French authorities have ordered Google to extend a privacy-protection rule to all domain names, instead of limiting it to those in the country.
Uber plans $1bn investment in China, where it completes 1m trips per day
Fri 12 June 2015 11:50
Private taxi service Uber Technologies has ambitious growth plans for China, which is reportedly its number one priority.
Rex Bionics to raise additional funds for clinical trial
Fri 12 June 2015 11:42
Rex Bionics, which develops and manufactures hands-free robotic exoskeletons to enable wheelchair users to stand and walk without crutches, plans to raise £2.1m in a placing and subscription of new shares.
MX Oil increases stake in Mexican joint venture
Fri 12 June 2015 11:22
Oil and gas group MX Oil has increased its stake in its Mexican venture with partner Geo Estratos.
Roxi Petroleum gets $6.9m loan repayment
Fri 12 June 2015 11:10
Roxi Petroleum said on Friday that it had received the $6.9m repayment of a loan that was part of the process of selling its equity and debt interest in the Galaz Contract Area to Xinjiang Zhundong Petroleum Technology.
Honda to spend £234m in recalling cars with faulty airbags
Fri 12 June 2015 10:55
Japanese carmaker Honda expects the cost of recalling vehicles fitted with potentially dangerous airbags to be approximately 45bn yen (£234m).
Interview: BP leveraging digital pathways to improve efficiencies
Fri 12 June 2015 10:31
BP is harnessing digital technologies to improve efficiencies and drive down costs across its upstream and downstream divisions, according to David Eyton, group head of technology at the oil and gas giant.
Wildhorse Energy completes acquisition of Australia Salt Lake Potash
Fri 12 June 2015 09:50
Wildhorse Energy has completed its acquisition of Australia Salt Lake Potash, which owns two large, salt lake brine projects in Western Australia.
Attraqt Group agrees deal with Bonmarché
Fri 12 June 2015 09:48
AIM-listed Attraqt Group has signed a deal with Bonmarché to deliver its Freestyle Merchandising (FSM) platform.
Feedback receives first Canadian order for TexRad
Fri 12 June 2015 09:46
Medical imaging software company Feedback has received its first server sale of its TexRad texture analysis software in Canada.
Avocet Mining reports "encouraging" initial results from Souma test work
Fri 12 June 2015 09:45
Avocet Mining shareholders welcomed an "encouraging" first set of results from the company's drilling campaign at Souma in West Africa.
Graphene Nanochem's annual loss shrinks, wins $29m tender
Fri 12 June 2015 09:19
Technology group Graphene Nanochem registered a narrower annual pre-tax loss in 2014, driven by a jump in revenue.
Alba Mineral Resources raises 355,000 pounds in placing
Fri 12 June 2015 09:15
UK-based exploration company Alba Mineral Resources said on Friday that it has raised £355,000 in a placing of 71m new ordinary shares at 0.50p each.
Forte waits for new Slovakian exploration licence
Fri 12 June 2015 09:12
Forte Energy said its application for a new exploration licence for its Kuriskova project in Slovakia was still being processed.
HSBC reportedly looking to sell Turkish ops to Bahraini lender
Fri 12 June 2015 08:39
HSBC is reportedly in talks to sell its Turkish operations to Bahrain's Arab Banking Corporation as it accelerates a restructuring that could have significant implications for the bank.
Octagon surges on Global Investment Strategy acquisition
Fri 12 June 2015 08:15
Shares in Octagon surged almost 50% early on Friday, after the investment company said it has agreed to acquire the remainder of financial service business provider Global Investment Strategy UK (GIS).
Amerisur Resources shares surge on oil export deal
Fri 12 June 2015 08:14
Shares in Amerisur Resources rose almost 10% early on Friday, after oil and gas explorer signed a deal that will link the company's Colombian project to the oil export network.
Bonmarche posts 55% rise in full-year pre-tax profit
Fri 12 June 2015 08:09
Clothing retailer Bonmarche reported a 55.3% rise in full-year pre-tax profit on Friday, as warmer than average weather created strong demand for big seasonal categories such as jersey tops, cropped trousers, shorts and swimwear.
Ofcom plans cut in BT's business wholesale prices
Fri 12 June 2015 08:02
UK regulator Ofcom said on Friday that it has proposed controls on the wholesale prices BT charges for products using leased telecoms lines, which provide high-speed links for businesses and providers of superfast broadband and mobile services.
Clarkson's CFO Jeff Woyda to hold COO role as well
Fri 12 June 2015 07:56
Shipping services company Clarkson announced that Jeff Woyda has been appointed chief operating officer, in addition to his current role as chief financial officer.
Bwin.Party places 49.5m shares at 93p each
Fri 12 June 2015 07:46
The independent trustees of Emerald Bay and Stinson Ridge have placed 49.5m shares in Bwin.Party Digital Entertainment at 93p each, according to market sources.
Richard Branson slams IAG takeover deal
Fri 12 June 2015 07:44
Virgin Atlantic chair Sir Richard Branson has hit out at British Airways owner International Airlines Group (IAG).
Petra Diamonds slumps 10% on revenue warning
Fri 12 June 2015 07:32
Shares in Petra Diamonds slumped 10% on Friday after the company said that full-year revenues are likely to be lower than expected due to reduced prices for diamonds.
Ted Baker revenue up 24%; on track to meet full-year expectations
Fri 12 June 2015 07:31
Fashion firm Ted Baker posted a 24.2% rise in revenue for the 18 weeks from 1 February to 6 June and said it remains on track to meet expectations for the full-year.
Segro to dissolve joint venture with M&G Real Estate
Fri 12 June 2015 07:16
Segro has agreed to dissolve the Heathrow Big Box Industrial and Distribution Fund, the 50/50 joint venture created by its subsidiary Brixton plc in partnership with M&G Real Estate, ahead of its termination date in June 2016.
GlaxoSmithKline receives licence approval recommendation for asthma treatment drug
Fri 12 June 2015 07:08
Pharmaceutical and healthcare giant GlaxoSmithKline announced on Friday that the advisory committee of the US Food and Drug Administration (FDA) has recommended its Mepolizumab drug be granted a biologics licence application (BLA) for use in the treatment
Twitter CEO Dick Costolo to quit
Fri 12 June 2015 06:22
Twitter announced late on Thursday that its CEO Dick Costolo will step down on 1 July, but will remain on the company's board to help build the management team.
Hammerson sells stake in Paris' shopping centre
Thu 11 June 2015 16:30
Real estate investment trust Hammerson has completed the sale of its stake in the Bercy 2 shopping centre in Paris to Tikehau Capital Partners for €64m (£47m).
Friday preview: UK, European and US data in focus in absence of earnings
Thu 11 June 2015 16:23
UK construction output, Eurozone industrial production and US consumer confidence reports will on Friday take centre stage in the absence of any major company results.
Shire appoints Smith & Nephew CEO as non-executive director
Thu 11 June 2015 15:41
Pharmaceuticals group Shire has appointed Olivier Bohuon to its board as a non-executive director.
Hammerson sells interest in French shopping centre for 64m euros
Thu 11 June 2015 15:11
Hammerson has exchanged contracts to sell its interest in the Bercy 2 shopping centre in Paris to Tikehau Capital Partners for €64m, which is more than the property's book value at the end of 2014.
Gate Ventures shares suspended from AIM
Thu 11 June 2015 15:03
Gate Ventures said on Thursday that it has suspended the trading of its shares on AIM pending full information with regard to a fundraising which it is currently undertaking.
Sainsbury boss acquitted of Egyptian charges
Thu 11 June 2015 14:53
The chief executive of Sainsbury has been acquitted by an Egyptian court of embezzlement charges.
Royal Bank of Scotland shares rise on privatisation plan
Thu 11 June 2015 14:46
Royal Bank of Scotland rose 2% on Thursday on news that the UK government will begin the process of returning shares to private ownership in the coming months.
European Commission opens investigation into Amazon's e-book business
Thu 11 June 2015 14:45
Online retail giant Amazon is being investigated by the European Commission over its electronic books distribution arrangements.
Bitcoin outfit leaves New York after new regulation imposed
Thu 11 June 2015 14:20
Digital currency exchange ShapeShift said it must take a "moral and ethical stand" against new rules regulating digital currencies.
Earthport names Simon Adamiyatt its new CFO
Thu 11 June 2015 14:06
Bank payment services group Earthport said on Thursday that it has appointed Simon Adamiyatt as its new chief financial officer designate.
Petro Matad receives government's approval for farm-out in Mongolia
Thu 11 June 2015 13:45
Petro Matad, a petroleum explorer based in Mongolia, has received government approval for the farm-out to BG Group for a 78% interest in its interests in blocks IV and V in central Mongolia.
Galantas Gold shares leap after firm is granted planning consent on Irish gold mine
Thu 11 June 2015 13:17
Galantas Gold shares rose strongly on Thursday after the firm announced the "game changer" news it has been granted planning consent for an underground gold mine in Ireland.
Black Sea Property Fund unclear on reason for soaring share price
Thu 11 June 2015 13:15
Black Sea Property Fund said on Thursday that it was aware of the surge in its share price, but didn't know the reason behind the 200% jump.
GW Pharmaceuticals starts second Epidiolex drug trial
Thu 11 June 2015 12:57
GW Pharmaceuticals said on Thursday that it has started the second of two Phase 3 trials of Epidiolex, which is used for the treatment of Lennox-Gastaut syndrome (LGS).
Summit Therapeutics first-quarter pre-tax loss widens
Thu 11 June 2015 12:28
Drug discovery and development company Summit Therapeutics posted a 52.6% widening in its first-quarter pre-tax loss, pointing to the cost of listing on the NASDAQ and higher research and development costs.
Angle posts positive prostate cancer treatment tests update
Thu 11 June 2015 11:39
Medical diagnostic company Angle said the investigation into the clinical use of its Parsortix system in prostate cancer treatments was encouraging.
BCA Marketplace unveils new CFO
Thu 11 June 2015 11:29
Tim Lampert has been appointed as BCA Marketplace's new chief financial officer, the used vehicle marketplace operators said on Thursday.
Boxhill Technologies jumps after announcing strong profit in Q3
Thu 11 June 2015 11:17
Lottery and payment software firm Boxhill Technologies jumped after the company announced a strong increase in profit since the end of January compared to its first half.
GKN wins Boeing contract and buys small US parts maker
Thu 11 June 2015 11:17
Aerospace engineer GKN said on Thursday that it has won a long-term contract to supply aircraft parts to Boeing and in conjunction with the deal, it will buy US parts-maker Sheets Manufacturing.
CEB Resources restores trading after one-month suspension
Thu 11 June 2015 11:16
Shares in CEB Resources declined on Thursday morning after trading was restored following its suspension on 12 May.
Sefton Resources updates on litigation with former chairman
Thu 11 June 2015 11:15
Investors in Sefton Resources on Thursday welcomed the news that it has removed the recent legal action brought by its former chairman to Federal Court in Colorado, meaning the State Court no longer has jurisdiction to preside over the case.
Red24 signs deal with Allianz Group's corporate insurer
Thu 11 June 2015 11:07
Crises assistance company Red24 has agreed a deal with Allianz Global Corporate & Specialty (AGCS) to provide it with crisis management services.
Ediston Property Investment Company to acquire retail park
Thu 11 June 2015 11:00
Ediston Property Investment Company has agreed to acquire the Abbey Retail Park in Daventry from Threadneedle Property UK Select Fund for £11.95m.
Triad Group jumps after annual profit soars
Thu 11 June 2015 10:22
Shares in Triad Group surged on Thursday after the IT company reported a sharp increase in annual pre-tax profit.
cloudBuy appoints new CFO
Thu 11 June 2015 10:21
David Gibbon has been appointed as the new chief financial officer of cloudBuy, the provider of cloud-based e-commerce marketplaces said on Thursday.
US fund files fresh action to block Samsung merger
Thu 11 June 2015 09:57
Samsung faces another legal challenge from a US hedge fund to block a proposed £7bn merger of Samsung affiliates.
Network Rail annual profits sink 51% on smaller margins
Thu 11 June 2015 09:50
Profits at Network Rail more than halved in the year to 31 March, the rail infrastructure operator said on Thursday.
First Property Group reveals booming profits and dividends as growth continues
Thu 11 June 2015 09:35
First Property Group unveiled strong profit in its full-year results, underscored by surging earnings and continued asset expansion in Poland and Romania.
Volex posts narrower loss and optimistic outlook after VTP completion
Thu 11 June 2015 09:33
Volex posted a narrower pre-tax loss for its financial year and expressing a positive outlook for the year ahead follow the completion of the 'Volex Transformation Plan' (VTP).
Nektan receives software and gaming licence for UK market
Thu 11 June 2015 09:21
B2B gaming platform and content provider Nektan, has successfully received approval for both a software and a gaming licence for the UK market.
Avesco shares jump as profits hit 14-year high
Thu 11 June 2015 09:20
Avesco Group, a provider of services to the live events, broadcasting and entertainment markets, saw its shares jump by nearly a third on Thursday after swinging into profits during the first half.
Jubilant Energy secures $1.56m loan facility
Thu 11 June 2015 09:19
A subsidiary of oil and gas explorer Jubilant Energy has signed a funding arrangement for an unsecured loan facility of around $1.56m.
Versarien subsidiary reports "major advance" in graphene platelet production
Thu 11 June 2015 09:18
Materials engineering firm Versarien jumped after announcing that its graphene development subsidiary, 2-DTech, has made a "major" advance in graphene platelet production, which it believes will accelerate potential commercial applications for graphene an
Redhall Group posts wider losses, strategic plan progresses
Thu 11 June 2015 09:15
Engineering support services company Redhall Group made "substantial progress" with the implementation of its strategic plan during the six months to 31 March, but failed to impress after reporting continued delays on major customer, nuclear-related proje
Ryanair told to cut stake in Aer Lingus but airline will appeal decision
Thu 11 June 2015 09:10
Budget airline Ryanair has been told to slash its 30% stake in Irish carrier Aer Lingus, to potentially facilitate IAG's takeover of the airline.
Ophir Energy boosted by independent reserves report
Thu 11 June 2015 09:09
Oil and gas explorer Ophir Energy said an independent reserves report confirmed the company had over 1bn barrels of oil equivalent (boe) in its reserves.
CRH shares rally on bid reports
Thu 11 June 2015 09:03
Shares in Irish building materials group CRH rose 2.7% on Thursday following media reports that it will take part in the preliminary bidding for South Korean Tongyang Cement & Energy on 12 June, for which it has reportedly hired Goldman Sachs as an underw
Mulberry says more affordable prices are driving sales up despite decline in profits
Thu 11 June 2015 08:28
The luxury retailer Mulberry saw its full-year profits decline but remained confident with its pricing strategy, which is beginning to "bear fruit".
Greene King takeover of Spirit Pub no longer conditional on CMA approval
Thu 11 June 2015 08:21
Greene King's takeover offer for Spirit Pub is no longer conditional on approval from the UK Competition and Markets Authority, as the company has waived the CMA approval condition to which the offer was subject.
Halma's full-year profit dips despite record revenue
Thu 11 June 2015 08:20
Halma reported record revenue in its full-year results, but slightly lower profit, as costs related to restructuring and acquisitions provided a drag.
PZ Cussons on track to meet annual expectations
Thu 11 June 2015 08:10
PZ Cussons, the maker of bath products Imperial Leather and Original Source, said its full-year performance was in line with expectations.
Home Retail quarterly sales decline at Argos and Homebase
Thu 11 June 2015 08:09
Home merchandise retailer Home Retail registered a decline in sales in its Argos and Homebase division in the first quarter.
WS Atkins posts rise in full-year pre-tax profit, says outlook is positive
Thu 11 June 2015 07:29
Design, engineering and project management consultancy WS Atkins posted a 14.6% rise in full-year underlying pre-tax profit on Thursday and said the outlook remains positive.
Petrofac awarded four-and-half-year deal worth $900m
Thu 11 June 2015 07:17
Oil and gas industry services provider Petrofac has landed a four-and-a-half year contract with Petroleum Development Oman (PDO) to provide services for its Yibal Khuff project.
UK government raises £750m in Royal Mail stake sale
Thu 11 June 2015 07:13
The UK government has raised £750m through the sale of part of its stake in postal service Royal Mail.
Oil companies reach $345 million settlement with Quebec train crash victims
Thu 11 June 2015 07:13
A group of oil companies has come to an agreement with victims of the 2013 oil train derailment in Quebec, Canada.
Government to start selling RBS shares, says Osborne
Wed 10 June 2015 21:11
George Osborne has announced the government will begin the process of returning Royal Bank of Scotland to private ownership in the "coming months," even though it may cause a loss for taxpayers.
Algebris Investments nabs senior Pimco equities manager
Wed 10 June 2015 16:36
Hedge fund Algebris Investments has hired former a global equity financials portfolio manager from Pimco.
Thursday preview: WS Atkins reports full-year results
Wed 10 June 2015 16:29
Engineering and project management consultancy WS Atkins on Thursday delivers its full-year results, which are expected to show a slight improvement in revenue.
Amur shares lift as mining licence progresses
Wed 10 June 2015 15:26
Shares in mining company Amur Minerals Corporation rose 7.01% on Wednesday following the issue of its production licence for the Kun Manie nickel copper sulphide deposit.
UK Oil & Gas confirms fundraising talks
Wed 10 June 2015 15:22
UK Oil & Gas Investments, which is currently exploring oil reserves in the Horse Hill area near Gatwick Airport, confirmed media speculation on Wednesday that it is in talks with investors about raising funds.
Bayer sells diabetes division to Panasonic Healthcare
Wed 10 June 2015 14:29
German healthcare giant Bayer has reached an agreement to sell its diabetes care division to Panasonic Healthcare Holdings for €1.02bn (£0.74bn).
Ensor Holdings jumps 13% on strong full-year results
Wed 10 June 2015 14:22
Doors and gates operator Ensor saw its shares gain 13% on Wednesday as it posted an 18% increase in full-year revenues and a 120% rise in pre-tax profit, thanks to a better-than-expected performance in the second half of the year.
1pm up nearly 18% after saying full-year profit and revenue will be ahead of expectations
Wed 10 June 2015 12:24
Shares in the asset finance company 1pm jumped nearly 18% on Wednesday after the company said its full-year results will be ahead of market expectations.
Rolls Royce enters JV with Germany's Liebherr-Aerospace
Wed 10 June 2015 11:51
British engineering group Rolls Royce has entered a joint venture with Germany's Liebherr-Aerospace to develop gearboxes for next generation aircraft.
Apple Music facing US anti-trust investigation
Wed 10 June 2015 11:30
Apple Inc. is facing anti-trust investigations by the New York and Connecticut attorney generals offices, it was revealed on Wednesday.
Standard Chartered must make capital strength a priority, says CEO
Wed 10 June 2015 10:52
Bill Winters, the chief executive of Standard Chartered, said the bank's capital strength is a top priority.
Vodafone launches home broadband and fixed line services
Wed 10 June 2015 10:40
Vodafone launched its high speed broadband and home phone services on Wednesday, offering discounted rates to existing customers.
ING Group exchanges €337.5m of notes into NN shares
Wed 10 June 2015 10:16
Dutch banking and financial services firm ING Group said it will exchange the second tranche of €337.5m of mandatory exchangeable subordinated notes into 13.6m NN Group ordinary shares.
Oil explorer Soco meets production expectations, reviews African market
Wed 10 June 2015 10:15
Soco International reiterated its budget for capital expenditures this year, although the company continues to steady ways to further rationalise its portfolio of African assets.
Zara owner Inditex reports jump in first quarter profit
Wed 10 June 2015 10:10
Zara's parent company Inditex Group said its first-quarter net profit rose more than 28% to €521m, beating consensus of €510m. The Spanish group's revenues grew 17% to €4.37bn, driven by a solid business performance in all geographical areas.
Standard Chartered jumps nearly 4% on reports of UK bank levy change
Wed 10 June 2015 10:03
Standard Chartered jumped nearly 4% on Wednesday, with traders pointing to a press report that Chancellor George Osborne may signal an end to the £3.5bn a year bank levy.
Dialight warns on full year profit, CEO starts review
Wed 10 June 2015 10:02
LED lighting maker Dialight has blamed a slowdown in orders for a predicted shortfall in full year revenue.
Thalassa swings to pre-tax loss as non-recurring costs soar
Wed 10 June 2015 09:58
Geophysical project management group Thalassa Holdings swung to pre-tax loss last year on the back of non-recurring costs.
Tokio Marine Holdings acquires HCC Insurance for $7.5bn
Wed 10 June 2015 09:58
Japanese insurer Tokio Marine Holdings has reached a deal to acquire Houston-headquartered HCC Insurance Holdings for $7.5bn.
Motive Television app available on Android
Wed 10 June 2015 09:50
Motive Television said on Wednesday that its TabletTV app is now available for Android devices in the UK and US.
Weir Group anticipates results will be weighted towards the second half
Wed 10 June 2015 09:22
Engineering company Weir Group expects its annual revenue, margins and profit to be weighted more towards the second half than in previous years.
Boohoo.com enjoys strong UK and international market growth during first quarter
Wed 10 June 2015 09:05
The online fashion retailer Boohoo.com posted strong revenue growth during the three months ended 31 May 2015 thanks to a good performance in its UK and international markets.
Cairn Homes raises £294m upon LSE debut
Wed 10 June 2015 09:01
Housebuilder Cairn Homes raised over €400m (£294.4m) in capital as it made its debut on the London Stock Exchange.
Budget airline Flybe posts full year loss
Wed 10 June 2015 08:38
Budget airline Flybe reported a pre-tax loss this morning, following the first financial full-year of a three-year cost cutting plan.
Shoe Zone interim profits hurt by unseasonal weather conditions
Wed 10 June 2015 08:22
Footwear retailer Shoe Zone said it remains confident of the future, but its half-year results were hurt by warm weather conditions during autumn/winter trading and the closure of loss-making stores.
FirstGroup's annual profits rise as improvement plan delivers
Wed 10 June 2015 08:05
Transport operator First Group saw annual profits rise in 2014, as its improvement plan delivered higher margins in its US and UK bus divisions.
WS Atkins reshuffles committees members
Wed 10 June 2015 08:04
Engineering and project management consultancies provider WS Atkins has reshuffled its committees.
Sainsbury shares rise; first-quarter sales not as bad as expected
Wed 10 June 2015 07:05
Shares in UK supermarket retailer Sainsbury rose 1.7% after its first-quarter sales came in a little better than expected.
Wednesday preview: Mansion House speech, Sainsbury's interims
Tue 09 June 2015 16:21
Chancellor George Osborne is expected on Wednesday to use the annual Mansion House speech to outline plans for a review of the bank levy to prevent major lenders from moving their headquarters abroad.
Virgin Money launches Sex Pistols credit cards
Tue 09 June 2015 16:21
Virgin Money is launching a range of exclusive Sex Pistols credit cards, featuring 'Never Mind the Bollocks' and 'Anarchy in the UK' artwork.
Park Group annual profit surges on corporate billings
Tue 09 June 2015 15:40
Voucher and prepaid gift card provider Park Group has seen its annual pre-tax profit rise as corporate billings surged.
G4S cleared of human rights breaches in Israel operations
Tue 09 June 2015 15:32
G4S, the world's biggest security company, has had its business activity in Israel cleared of "adverse human right impacts" by the UK National Contact Point (UKNCP) for the Organisation for Economic Co-operation and Development (OECD).
Ferrexpo receives $41.8m from sale of Ferrous Resources stake
Tue 09 June 2015 15:28
Ferrexpo has received $41.8m following the completion of its disposal from its stake in Ferrous Resources.
Airline stocks lead losses Stateside
Tue 09 June 2015 15:05
Airline stocks were among the biggest fallers on the other side of the Pond after American Airlines guided analysts lower for its quarterly profits.
ZincOx Resources reports record monthly EBITDA at its Korean Recycling Plant
Tue 09 June 2015 14:57
Recycling firm ZincOx announced record monthly earnings before interest, tax, depreciation and amortisation (EBITDA) at its wholly-owned Korean Recycling Plant.
Microgen acquires wealth management software provider
Tue 09 June 2015 14:53
Microgen has acquired Finalysys, a Jersey-based provider of wealth management software for the offshore finance industry.
Deltex Medical pleased by findings of US hospital study
Tue 09 June 2015 14:52
Oesophageal doppler monitoring (ODM) specialist Deltex Medical Group has welcomed positive results from a study looking at the implementation of ODM in colorectal surgery.
GM said to be cooperating with Justice Department over ignition switch recall
Tue 09 June 2015 14:37
Following a press report earlier that the Justice Department was considering charging General Motors with fraud, the company's chief executive officer Mary Barra reportedly told Bloomberg that the two are currently cooperating over GM's failure to recall
DDD Group delivers in line first quarter results
Tue 09 June 2015 13:44
DDD Group shareholders welcomed in line first quarter trading by the advanced imaging and 3D solutions company.
Cineworld Group CFO decides to step down
Tue 09 June 2015 13:43
Cineworld Group has announced that its chief financial officer (CFO) Philip Bowcock has decided to step down to pursue other interests.
Penna Consulting shares jump as UK economy drives client expenditure
Tue 09 June 2015 13:43
Human resources group Penna Consulting said a stronger UK economy led clients' expenditure to rise on recruitment and other HR projects during the year, driving revenues and profits significantly higher.
WPP revenue up 8% in first four months; Brexit and US rate rise cited as possible risks
Tue 09 June 2015 12:42
Advertising agency WPP posted an 8% rise in revenue to £3.78bn for the first four months of the year, although the company cautioned that it looks set to be "another demanding year" and pointed to a possible 'Brexit' and US interest-rate hike as risks.
GE sells private equity lending unit to Canadian pension fund
Tue 09 June 2015 12:14
General Electric has agreed to sell its private equity lending unit to Canada Pension Plan Investment Board for $12bn.
BT's bid for EE faces in-depth probe
Tue 09 June 2015 12:10
The Competition and Markets Authority (CMA) said on Tuesday that it has fast-tracked BT Group's deal to acquire EE to a "phase 2" investigation - a deeper probe of the deal - due to concerns about competition.
OMG posts higher full-year losses but successful sale of US division brings hope
Tue 09 June 2015 11:26
Computer vision products group OMG saw its full-year losses widen but remains confident with its performance for the year ahead after selling its US image software business.
Sanderson Group delivers strong first half, appoints new chief executive
Tue 09 June 2015 10:57
Sanderson Group reported stronger revenue and profits in the first half of its financial year, as it announced the appointment of Ian Newcombe as its new chief executive.
Dewhurst interim revenues hurt by weak UK market
Tue 09 June 2015 10:55
Dewhurst said its first half of the year was better than compared with the year before, but a weak UK market dragged down its revenues.
BT sets sights on Champions League success as broadcaster unveils new coverage
Tue 09 June 2015 10:55
BT Sport has launched its Champions League and Europa League coverage and confirmed both competitions will be free to customers who take BT TV.
Gooch & Housego first-half pre-tax profit up 23.5%, boosted by industrial division
Tue 09 June 2015 10:30
Gooch & Housego posted a 23.5% rise in first-half adjusted pre-tax profit on Tuesday, driven by a strong performance in the company's industrial division.
Porta Communications chairman acquires 6.3m shares
Tue 09 June 2015 10:29
The share price of Porta Communications rose after its chairman, Bob Morton, acquired 6.3m shares at 7p apiece.
SacOil Holdings refunded $10m after terminating joint venture partnership
Tue 09 June 2015 10:27
Independent African oil and gas company SacOil has received a $10m refund from its cancelled investment in oil prospecting licence 233, sending shares higher on Tuesday morning.
Pan African reveals Shankduka-Pembani merger will result in sale of stake
Tue 09 June 2015 10:25
Pan African Resources shares declined after shareholders learned the 23.86% stake held by Shanduka will be bought by the Mabindu Trust, an investment vehicle of the China Investment Corporation and the Standard Bank of South Africa.
Mporium Group unveils new name, appoints chief operating officer
Tue 09 June 2015 10:24
Mporium, the new name of software-as-a-service developer MoPowered Group, has announced the appointment of Nelius De Groot as its chief operating officer.
Deutsche Bank's Frankfurt offices searched by authorities
Tue 09 June 2015 10:16
Deutsche Bank's offices in Frankfurt are being searched by authorities in relation to trades with clients, although no staff have been accused of any wrong-doing, Bloomberg TV reports.
Iomart Group annual profit rises, more acquisitions lined up
Tue 09 June 2015 09:19
Cloud computing firm Iomart Group reported an increase in annual pre-tax profit and said it had started the current year strongly.
Croma Security Solutions unveils triple contract win
Tue 09 June 2015 09:09
AIM-listed total security services provider Croma Security Solutions Group has announced three new contract wins with major UK firms.
Bacanora Minerals unable to explain recent share price jump
Tue 09 June 2015 09:09
Shares in Bacanora Minerals continued to charge higher on Tuesday, tracking strong gains seen in Canada overnight.
3Legs Resources raises £0.5m from subscription by new non-execs
Tue 09 June 2015 09:08
Independent oil and gas company 3Legs has raised £0.5m after the subscription of just under 185.2m shares at 0.27p apiece.
BBGI SICAV acquires remaining 50% of Northern Territory Secure Facilities
Tue 09 June 2015 08:50
Investment group BBGI SICAV S.A has reached a deal with Commonwealth Investments Property to acquire the remaining 50% of Australia-based Northern Territory Secure Facilities.
Vedanta Resources rallies on Cairn India merger reports
Tue 09 June 2015 08:45
Shares in Vedanta Resources jumped nearly 5% as the company's response to media speculation that it could merge its subsidiary Cairn India into itself suggested there may be some truth to the stories.
Creston posts strong full year results thanks to digital and online growth
Tue 09 June 2015 08:31
Marketing communications group Creston said "significant progress with its strategic plan had helped it deliver strong full-year results as it unveiled a £1m investment in a London-based advertising company.
Just Eat raises £445m from placing and open offer
Tue 09 June 2015 08:30
Mobile takeaway food company Just Eat has completed the open offer and placing of shares, raising £445m.
Avanti Communications wins contract with South Africa telecoms operator
Tue 09 June 2015 08:07
Satellite communication services provider Avanti Communication Group has been awarded a multi-year contract with South Africa state-owned telecoms operator SENTECH.
UK Comm Property Trust sells properties in London and Brighton for £82m
Tue 09 June 2015 08:05
Investment group UK Commercial Property Trust (UKCPT) has reached an agreement to sell two properties in London and Brighton for a combined £82.7m.
Plus500 unlocks customers accounts after UK regulator probe
Tue 09 June 2015 08:00
Online forex broker Plus500 said on Tuesday 8,457 customer accounts have been fully reviewed and unfrozen after being forced by UK regulators to freeze them due to concerns about the laxity of its customer registration process.
Software Radio Technology posts narrower annual loss, outlook positive
Tue 09 June 2015 07:53
Software Radio Technology (SRT) posted a narrower loss for the year ended 31 March and maintained a positive outlook for the rest of the current financial year, citing a sizeable backlog of orders.
South32 Samancor JV to delay restart of manganese furnaces
Tue 09 June 2015 07:50
South32 said on Tuesday that Samancor Manganese - its joint venture with Anglo American - will delay the restart of three of the four high-carbon ferromanganese furnaces at its Metalloys manganese operations in South Africa.
KKR, Carlyle said to be among firms invited to bid for Tesco's South Korean unit
Tue 09 June 2015 07:42
Tesco has reportedly invited at least six firms including KKR and Carlyle Group to bid for its South Korean unit Homeplus, which is valued at about $6bn, as the supermarket retailer looks to cut debt and fund a turnaround plan.
RPC Group full-year profit rises
Tue 09 June 2015 07:06
Plastics product design and engineering company RPC Group posted a 33% rise in full-year adjusted pre-tax profit to £119m from £89.5m, as the business performed well and management made progress in implementing its Vision 2020 growth strategy.
Kier Group completes acquisition of Mouchel
Tue 09 June 2015 07:02
Kier Group has completed its £265m acquisition of Mouchel, which is the leading provider of repair and maintenance services to the UK strategic road network.
HSBC targets $5bn in annual cost savings by 2017
Tue 09 June 2015 06:19
HSBC on Tuesday announced a round of job cuts and branch closures with the aim of saving between $4.5bn to $5bn in annual costs by 2017.
Foxtons faces legal action from landlords over alleged hidden commissions
Mon 08 June 2015 16:25
Landlords are bringing a group claim against Foxtons that the estate agent has been hiding commissions.
Tuesday preview: Chinese inflation, UK trade, Eurozone GDP
Mon 08 June 2015 15:50
Chinese inflation, UK trade and Eurozone gross domestic product (GDP) reports will be in focus on Tuesday.
Palace Capital plans to convert building in York into residential accommodation
Mon 08 June 2015 15:43
Palace Capital, a property investment group, submitted planning permission to transform the Hudson House in York into residential accommodation.
Tata Steel strike set for 22 June
Mon 08 June 2015 15:02
Unions representing workers at Tata Steel in the UK have agreed to strike against the company in their ongoing dispute over pensions on Monday 22 June.
Cyan Holdings raises £4.1m from placing
Mon 08 June 2015 14:31
Cyan Holdings has raised £4.1m from the placing and subscription of 2.06m shares.
Enables IT drops on interim results; says solid growth taking longer than expected
Mon 08 June 2015 14:30
Shares in Enables IT fell on Monday after the company reported a decline in half-year revenues mainly due to losses in its European division and warned that it is taking longer than expected to secure solid growth.
Atlantic Coal slides after posting widening of annual losses
Mon 08 June 2015 14:29
Atlantic Coal dropped into the red on Monday after reporting a widening of full-year losses, hit by lower sales volumes and low prices towards the end of the year.
Renewable Energy says its future is reliant on it gaining consent for Welsh project
Mon 08 June 2015 14:29
Shares in Renewable Energy took a hit on Monday after the group said it believes that the group's financial position is dependent on it gaining planning consent for its Welsh wind farm project.
Oilex says Cambay facilities are ready for commissioning
Mon 08 June 2015 14:22
Oil and gas explorer Oilex said the Cambay 73 production facilities in India were ready to be commissioned.
Active Energy annual loss shrinks, as revenue jumps
Mon 08 June 2015 13:46
Green energy supplier Active Energy Group said its pre-tax loss for 2014 narrowed, while its revenue increased sharply on the back of a restructuring of its operations.
Stifel to buy Barclays US wealth business
Mon 08 June 2015 13:41
Stifel Financial Corp announced on Monday that it has entered into a deal to buy Barclays' wealth and investment management fanchise in the Americas for an undisclosed sum.
Boots cuts 700 jobs as part of its restructuring programme
Mon 08 June 2015 12:17
UK pharmacy chain Boots plans to cut 700 jobs as part of its restructuring programme after facing challenging market conditions.
Sound Oil shares plummet after mixed Nervesa well update
Mon 08 June 2015 12:10
Sound Oil fell nearly 11% on Monday following a mixed update on the company's Nervesa appraisal well in Italy.
Minera IRL agrees new bridge loan of $70m
Mon 08 June 2015 11:19
Minera IRL investors welcomed news from the company that it has secured a $70m bridge loan from the Peruvian state-owned bank, Corporacion Financiera de Desarrollo.
Bahamas Petroleum narrows loss with cost-cutting measures
Mon 08 June 2015 11:18
Bahamas Petroleum reported a narrower pre-tax loss in 2014, as legal and professional fees shrank in the run up to drilling.
Trans-Siberian Gold swings to annual profit
Mon 08 June 2015 11:05
Trans-Siberian Gold swung to a pre-tax profit in 2014, as a sharp decline in operating costs drove revenue higher.
ULS Technology launches estate agents ranking website
Mon 08 June 2015 11:04
ULS Technology, a provider of online platforms for conveyancing and financial markets, launched a new website which ranks the performance of estate agencies.
Iomart buys SystemsUp for £9m
Mon 08 June 2015 10:44
Cloud computing company Iomart has acquired SystemsUp for an initial cash consideration of £9m.
Teathers invests £50,000 in San Leon Energy
Mon 08 June 2015 10:30
Teathers Financial said on Monday that it has invested £50,000 in cash in San Leon Energy's placing and share capital reorganisation by purchasing 62,500 shares at 80p each.
Morrisons unveils price cuts on 200 'everyday items'
Mon 08 June 2015 10:12
Supermarket chain Morrisons has unveiled plans to cut prices of 200 "everyday items", including bread and milk, by up to a third.
Beowulf Mining investors cheer strong test work results from iron ore project
Mon 08 June 2015 09:48
Beowulf Mining performed strongly on Monday morning after announcing that the test work carried out on its Kallak iron ore project in Sweden has delivered excellent results.
Range Resources jumps after trading resumes
Mon 08 June 2015 09:48
Shares in Range Resources surged after trading on AIM was restored on Monday morning.
Trap Oil begins operations on Niobe exploration prospect
Mon 08 June 2015 09:45
Oil and gas exploration company Trap Oil has begun operations Niobe exploration prospect in the North Sea.
Actelion surges on Shire bid report
Mon 08 June 2015 09:43
Shares in biotech company Actelion surged over 9% on Monday to a record high following press reports that London-listed Shire was mulling a takeover bid for its Swiss rival.
Armadale Capital unveils "landmark" deal to fund Mpokoto Gold Project
Mon 08 June 2015 09:40
Shares in Armadale rocketed after the natural resources firm announced a "landmark" deal with the Africa Mining Contracting Services group (A-MCS), which will fund, develop and operate its Mpokoto Gold Project the Democratic Republic of Congo (DRC).
Water Intelligence's full-year profits hit by higher costs but 2015 outlook positive
Mon 08 June 2015 09:31
Water Intelligence revealed a positive outlook for 2015 after a mixed 2014, where revenue and cash swelled, but profits slid on higher costs.
WPP acquires minority stake in WANDA Digital
Mon 08 June 2015 09:21
Publishing giant WPP has acquired a minority stake in Turkish digital agency WANDA Digital for an undisclosed amount.
Tritax to raise £125m in placing, invests £43m in developing Dunelm's facility
Mon 08 June 2015 08:50
Real estate investment trust Tritax Big Box unveiled plans to raise up to £125m by placing shares at 113p each.
Victoria Oil & Gas jumps on Cameroon update
Mon 08 June 2015 08:31
Shares in Victoria Oil & Gas jumped almost 6% early on Monday, as the energy utility developer said its Cameroon-based subsidiary had begun gas distributions.
Diageo shares rally on takeover talks
Mon 08 June 2015 08:25
Diageo rallied 7% on Monday following media reports of bid interest over the weekend.
Deutsche Bank shares jump on CEO exit
Mon 08 June 2015 08:14
Shares in Deutsche Bank jumped nearly 8% on Monday following news that the company's joint chief executives will step down.
Grafenia annual turnover drops during 'period of transition'
Mon 08 June 2015 08:12
Design and print group Grafenia saw a sharp drop in its annual profit, although profit edged higher during what the company described as a period of transition.
Red24 showcases record profits in full-year results
Mon 08 June 2015 07:37
Red24, the crisis management company, announced higher revenue, pre-tax profit and cash in its full year results, driven by cost reduction and a surge of new business.
Sigma Capital signs deal to build houses in Sheffield
Mon 08 June 2015 07:26
Sigma Capital Group has signed a deal with the Sheffield Housing Company (SHC) to provide new private rented sector (PRS) homes in the city of Sheffield.
BT reportedly seen as takeover target for Deutsche Telekom
Mon 08 June 2015 07:21
BT Group is set to become a takeover target for Deutsche Telekom, according to media reports.
ISG acquires additional stake in Brazilian fit out partner
Mon 08 June 2015 07:21
Construction services group ISG on Monday announced the £335,000 acquisition of an additional 49% stake in ACE, its Brazilian fit out partner, taking its interest 69%.
Syngenta rejects Monsanto's latest offer
Mon 08 June 2015 07:15
Syngenta has rejected a second takeover offer from Monsanto Co, saying that the newly-introduced breakup fee added to the original offers terms was "wholly inadequate".
Drax market conditions continue to be challenging but expectations remain on track
Mon 08 June 2015 07:08
Power company Drax gave a trading update in which it said that while market conditions continued to be challenging, with weak gas markets resulting in the continuation of weak power prices, its expectations for the full year remained unchanged.
Playtech will have to seek approval from FCA for takeover of Plus500, watchdog says
Sun 07 June 2015 09:49
The Financial Conduct Authority (FCA) confirmed this weekend that Playtech will require clearance for its takeover of financial broker Plus500.
Tata Steel workers set to join sector's first strike in 30 years
Fri 05 June 2015 16:45
Tata Steel workers with Unite union membership have voted to strike in protest of the British Steel pension scheme's closure.
Personal Assets Trust outperforms benchmark in 2015
Fri 05 June 2015 16:24
Self-managed investment trust Personal Assets Trust outperformed its benchmark index this year.
Barclays settles Lehman Brothers litigation; sees $750m boost to profit
Fri 05 June 2015 15:55
Barclays said on Friday that it has reached a settlement with the SIPA Trustee for Lehman Brothers to resolve outstanding litigation between the parties relating to the acquisitions by Barclays of most of Lehman's assets in September 2008.
Easyhotel acquires building in Manchester for £6m
Fri 05 June 2015 15:43
Budget hotels operator Easyhotel has acquired a new building in Manchester for £6m.
Stewart & Wight to acquire Gloucester retail property
Fri 05 June 2015 15:27
Stewart & Wight has agreed to acquire a retail freehold property in Gloucester for £1.1m plus costs.
Deutsche Bank reportedly probing possible money laundering by Russian Clients
Fri 05 June 2015 15:10
Deutsche Bank is reportedly conducting an internal probe into possible money laundering by Russian clients that could involve about $6bn of transactions between 2011 and early 2015.
Cathay International appoints new chairman
Fri 05 June 2015 13:59
Cathay International Holdings, a healthcare sector investor based in China, has appointed Wu Zhen Tao as its new chairman.
CMC reportedly hires Goldman Sachs and Morgan Stanley for IPO
Fri 05 June 2015 12:37
Former Conservative Party treasurer and founder of CMC Markets Peter Cruddas has reportedly hired Goldman Sachs - a shareholder in CMC - and Morgan Stanley to lead the spread-betting firm onto the London Stock Exchange.
RapidCloud raises £1.7m in share subscription
Fri 05 June 2015 12:24
Shares in RapidCloud rose nearly 24% on Friday after the company said it has raised £1.74m through a share subscription of 3.2m shares at 54p each with Corston-Smith Asset Management.
Premier League to be without sponsors from 2016-17 as Barclays withdraws
Fri 05 June 2015 11:28
The Premier League revealed it is unlikely to be sponsored from the 2016-17 season onwards.
Serica Energy buys 18% stake in North Sea project from BP subsidiaries
Fri 05 June 2015 11:22
Oil and gas explorer Serica Energy has acquired a stake in the North Sea Erskine Field from BP Exploration Operating Company Limited and Britoil Limited, two subsidiaries of oil giant BP.
Allergy Therapeutics buys Alerpharma for 3.8m euros
Fri 05 June 2015 11:14
Specialty pharmaceutical company Allergy Therapeutics said on Friday that it has agreed to buy Alerpharma SA for an initial consideration of €3.8m.
Iofina subsidiary has Montana water project permit denied
Fri 05 June 2015 11:05
Iofina shareholders were on Friday disappointed by the news the company's wholly-owned subsidiary had the preliminary permit on its Water Depot project in Montana denied.
4d Pharma posts losses of £2.38m in maiden results
Fri 05 June 2015 11:04
Pharmaceutical company 4d Pharma has reported losses of £2.38m in its maiden set of full-year results.
Pace of UK hiring slows in May
Fri 05 June 2015 10:31
The rate at which UK businesses hired permanent staff in the UK slowed last month, a survey found.
Union Jack doubles interest in Lincolnshire licence
Fri 05 June 2015 10:00
Union Jack Oil announced on Friday that it has agreed to acquire a further 10% interest in Lincolnshire licence from Celtique Energie Petroleum.
Ariana Resources says Red Rabbit Gold Project analysis shows "highly encouraging" results
Fri 05 June 2015 09:58
Anglo-Turkish gold exploration and development company Ariana Resources reported "highly encouraging" results from the soil geochemical programme that was carried out on part of its Red Rabbit Gold Project in western Turkey.
Sovereign Mines plunges after warning over future operations
Fri 05 June 2015 09:50
Shares in Sovereign Mines of Africa plunged over 50% early on Friday after the mining sector investor issued a warning over its future.
Aer Lingus's transatlantic traffic takes off in May
Fri 05 June 2015 09:01
Irish airline Aer Lingus reported an increase in last month's passengers, driven by a sharp increase in the number of transatlantic travellers.
Gulf Keystone unveils new CEO
Fri 05 June 2015 08:52
Jón Ferrier has been appointed as new chief executive of Gulf Keystone Petroleum, the oil explorer said.
Tri-Star Resources agrees sale of intellectual property rights
Fri 05 June 2015 08:52
Tri-Star Resources has agreed the conditional sale of some of its intellectual property rights to its 40%-owned business, Strategic & Precious Metals Processing (SPMP), it announced on Friday.
UK Oil & Gas jumps on Horse Hill-1 well
Fri 05 June 2015 08:41
Shares in UK Oil & Gas rose strongly on Friday morning after trading on AIM was restored following an upbeat announcement on its 20%-owned Horse Hill-1 well.
Solo Oil gains on positive news on Horse Hill project
Fri 05 June 2015 08:10
Oil and gas explorer Solo Oil said it was pleased with the results of the latest evaluation of the oil potential of the Horse Hill-1 well located in PEDL137 in the Weald Basin.
Vodafone drops as it quashes Liberty Global merger hopes
Fri 05 June 2015 08:02
Shares in Vodafone fell nearly 2% on Friday as the company quashed hopes of a merger with Liberty Global.
Halfords annual profit, revenue rise
Fri 05 June 2015 07:46
Car parts and bicycle retailer Halfords posted an 11.4% rise in full-year profit on Monday, as the company's drive to improve customer service and expand its cycling ranges helped to push group revenue over £1bn.
Bellway anticipates increase in operating margins
Fri 05 June 2015 07:21
An interim management statement from Bellway revealed the housebuilder expects its full year operating margin to increase by around 300 basis points to over 20%, up from 17.2% in 2014 following what it described as a strong trading performance.
Lloyds fined £117m over PPI handling
Fri 05 June 2015 07:13
Lloyds Banking Group has been fined £117m by the Financial Conduct Authority for mishandling compensation payouts for mis-sold payment protection insurance between March 2012 and May 2013.
Audioboom enjoys best quarter to date with 650 new content partners
Thu 04 June 2015 16:45
Audioboom, an audio on-demand mobile platform, said it enjoyed its best quarter to date with 650 new content partnerships.
Friday preview: US non-farm payroll in focus as Greece's day of reckoning looms
Thu 04 June 2015 16:21
The latest US non-farm payrolls figures will dominate Friday's economic calendar, as investors Stateside look for clues over the timing of the first rates hike by the Federal Reserve.
HSBC fined £27.8m in Swiss money-laundering probe
Thu 04 June 2015 15:04
HSBC has been fined £27.8m by Swiss authorities over money-laundering claims related to the bank's Swiss division.
Premaitha Health appoints new chief financial officer
Thu 04 June 2015 14:31
Shareholders in molecular diagnostics company Premaitha Health welcomed the immediate appointment of a new chief financial officer.
Worldpay reportedly lines up banks for £6bn IPO
Thu 04 June 2015 14:26
The owners of electronic payments company Worldpay have reportedly picked six banks to lead a £6bn stock market listing that will propel the company straight into the FTSE 100.
Amino Technologies enjoys strong first-half thanks to good core markets performance
Thu 04 June 2015 13:56
Digital entertainment group Amino Technologies expects both full-year revenues and profits to grow thanks to a continuation of the strong performance seen in its core markets during the first-half.
Churchill Mining soars after Indonesian authorities withdraw allegations against it
Thu 04 June 2015 13:08
AIM-listed miner Churchill saw its shares rocket after announcing that Indonesia has changed its allegations and agrees with the company that it did not participate in an alleged scheme to defraud the state.
Tesco reportedly hires HSBC as it explores sale of South Korean unit
Thu 04 June 2015 12:03
Tesco is exploring the sale of its South Korean operations, valued at around $6bn, and has hired HSBC as a financial adviser, according to sources cited by Reuters.
SQS Software Quality Systems completes acquisition of Trissential
Thu 04 June 2015 11:40
SQS Software Quality Systems has completed its acquisition of Trissential, a US-based IT project, programme and portfolio management consultancy.
eServGlobal's revenues decline during first half, announces loan to cut costs
Thu 04 June 2015 11:16
Mobile financial services eServGlobal expects its first-half revenues to be lower than same time last year, which led the group to agree on a loan of £5m to cut costs.
eToro clinches West Ham deal
Thu 04 June 2015 11:01
Global social trading network eToro has signed a deal with West Ham United to become the club's official social trading partner next season.
Distil posts decline in revenue
Thu 04 June 2015 10:59
AIM-listed Distil disappointed investors with a drop in annual revenue in what it described as a "satisfactory" set of results for the 12 months ended 31 March.
Solid State secures £1m contract with Renishaw
Thu 04 June 2015 10:44
Solid State, an electronic components manufacturer, has secured a £1m contract with Renishaw for the suply of its semiconductor devices.
Marimedia rises strongly on expectations of high single digit percentage full-year revenue growth
Thu 04 June 2015 10:26
Technology firm Marimedia was a strong riser on Thursday morning after revealing that it expects high single digit percentage full-year revenue growth this year compared with 2014.
Feedback unclear about reason for jump in share price
Thu 04 June 2015 09:58
Medical imaging software company Feedback was performing strongly on Thursday morning, but said it was unaware of any reason, other than Wednesday's successful placing, as to why shares had jumped so much.
BASF said to be mulling bid for Syngenta
Thu 04 June 2015 09:42
German chemicals group BASF SE is reportedly mulling an offer for Swiss rival Syngenta, potentially putting itself forward as a rival to Monsanto.
RapidCloud welcomes Hewlett Packard to CS Loxinfo partnership
Thu 04 June 2015 09:21
Computer services and web-solutions provider RapidClound International announced on Thursday that Hewlett Packard (HP) has joined its strategic partnership with CS Loxinfo under which it delivers its software to CS customers across Thailand.
Aminex expects first gas from Tanzania project in mid-2015
Thu 04 June 2015 09:16
Gas explorer and developer Aminex said it expected "first gas" from the Kiliwani North field in Tanzania in the middle of this year.
Pressure Technologies slumps after warning on results for both current and next year
Thu 04 June 2015 08:57
Pressure Technologies suffered a sharp decline after the group said its results for both the current and next financial year would be "materially lower" than market forecasts.
Sirius Real Estate unveils placing to fund German portfolio acquisiton
Thu 04 June 2015 08:54
Sirius Real Estate unveiled plans to raise up to €50m (£36.7m) through a private placement of shares to fund the acquisition of five business parks in Germany for €58.2m.
Scisys posts profit warning after project complications and weakness of the euro
Thu 04 June 2015 08:47
Computer software group Scisys warned its profits in 2015 will be lower than expected after experiencing difficulties in its enterprise solutions and defence division and the weakness of the euro.
88 Energy jumps on strong results from nearby project
Thu 04 June 2015 08:32
88 Energy shares climbed strongly on Thursday morning after the Repsol/Armstrong joint venture, which is just 50 miles from the firm's Icewine project, announced that it has achieved results that are well above expectations.
Shire shares drop 2% as it loses patent appeal
Thu 04 June 2015 08:19
Shares in Shire fell 1.5% on Thursday following news that the company has lost its patent appeal over the Lialda drug for a second time.
Petrofac renews revolving credit facilities on almost same terms
Thu 04 June 2015 08:12
Petrofac successfully extended and amended a syndicated revolving five-year credit facility.
Crimson Tide cheers with new contract win
Thu 04 June 2015 08:11
Software developer Crimson Tide jumped on Thursday morning after announcing that it has been selected to provide proof of delivery information on deliveries across London for a well-known information provider.
Monks Investment Trust falls behind benchmark in last financial year
Thu 04 June 2015 08:10
The Monks Investment Trust said its performance in the last financial year lagged behind that of its comparative benchmark.
Real Good Food appoints new managing director at Rainbow Dust Colours
Thu 04 June 2015 08:10
Real Good Food, the bakery products manufacturer and supplier, has appointed a new managing director for its Rainbow Dust Colours brand.
Acacia Mining appoints chief operating officer
Thu 04 June 2015 07:58
Acacia Mining has appointed its executive general manager of business improvement and planning as its chief operating officer (COO).
Pets at Home full-year profit surges
Thu 04 June 2015 07:58
Pet retailer and animal care company Pets at Home posted a surge in 2015 pre-tax profit to £87m from £22.5m last year as its business grows in popularity, and boosted by the lack of exceptional costs it booked last year.
Sports Direct appoints new finance chief
Thu 04 June 2015 07:43
Sports Direct International said on Thursday that it has promoted Matt Pearson to acting chief financial officer following the departure of its previous CFO 18 months ago.
EasyJet traffic up 7.2% in May
Thu 04 June 2015 07:34
Low-cost airline EasyJet said on Thursday that it carried nearly 6.5m passengers last month, up 7.2% from 6.05m in May 2014.
Dish Network reportedly in merger talks with T-Mobile US
Thu 04 June 2015 07:20
Dish Network Corp is reportedly in talks to merge with T-Mobile US, in a deal that would accelerate a wave of consolidation across the US media and communications industries.
NMC Health announces early completion of Americare acquisition
Thu 04 June 2015 07:14
NMC Health has completed its acquisition of Americare Group, which provides in-home healthcare services in the United Arab Emirates, ahead of schedule.
Johnson Matthey drops 4% after results; rise in working capital a concern
Thu 04 June 2015 07:05
Platinum and palladium refiner Johnson Matthey fell 4.2% on Thursday, with analysts pointing to a sharp increase in debt due to higher working capital, as the company posted a better-than-expected 22% rise in fiscal 2015 pre-tax profit to £495.8m.
Smith & Nephew to remove hip device from market
Thu 04 June 2015 07:01
Medical technology group Smith & Nephew has chosen to remove one of its hip devices from the market, based on recent performance data.
Siemens takes largest ever order, in Egypt
Wed 03 June 2015 16:09
Siemens won an €8bn contract from the Egyptian government to help build gas and wind power plants.
Amadeus plunges on Lufthansa levy announcement
Wed 03 June 2015 15:56
Shares in Spanish company Amadeus IT Holding, which operates booking systems used by travel agents and airlines, plummeted 9% on Wednesday after German airline Deutsche Lufthansa said it will levy a €16 surcharge on tickets not booked through their webs
Domino's Pizza names new chief financial officer
Wed 03 June 2015 15:06
Domino's Pizza Group has announced the appointment of a new chief financial officer, who will take up the position on 8 June.
Greatland Gold receives approval from Australian government for Ernest Giles project
Wed 03 June 2015 14:53
Greatland Gold has been granted approval from the Australian government to begin drilling gold and nickel targets at its Ernest Giles project.
Deutsche Bank to open three labs in digital expansion plans
Wed 03 June 2015 14:33
Deutsche Bank has unveiled plans to open three innovation labs as it aims to improve its digital presence at a critical time for the banking sector.
Gear4music thrilled by investor reception as trading begins
Wed 03 June 2015 14:26
Gear4music, an online retailer of musical instruments, saw its shares rise on its first day of trading after drumming up £9m in its initial public offer.
Hydro International secures £2m contract in project in Qatar
Wed 03 June 2015 13:58
Hydro International secured a £2m contract to be part of the Doha industrial area development project in Qatar.
Metminco says it has no idea why shares have jumped so much
Wed 03 June 2015 13:30
Shares in Metminco continued to soar on Wednesday, at one point doubling their value over the past two days, although the company said it didn't know why.
Lukoil agrees disposal for Estonian gas stations arm
Wed 03 June 2015 13:02
Lukoil has signed a sale-and-purchase contract to sell Estonian retail subsidiary Lukoil Eesti, which owns a network of 37 gas-filling stations in the country, to local company Aqua Marina.
Ryanair traffic rises 16% in May
Wed 03 June 2015 12:25
Ryanair's traffic rose in May after introducing lower fares and taking measures to improve its customer service.
Mears Group obtains new social housing contracts in first half
Wed 03 June 2015 11:22
Social housing and care services provider Mears Group said it performed well across its core divisions during the first quarter of the year, in-line with management expectations.
Seeing Machines receives first order for new driver tracking product
Wed 03 June 2015 11:14
Technology group Seeing Machines has received the first order for 750 units of its new 'Fleet' product that monitors drivers to help prevent "fatigue and distraction events".
Lloyds "disappointed" as High Court blocks early ECN cancellation, plans to appeal decision
Wed 03 June 2015 11:11
Lloyds Banking Group said it was "disappointed" with a High Court ruling blocking its attempt to buy back its high-interest enhanced capital notes (ECNs).
Caffyns full-year revenue and profits rise
Wed 03 June 2015 11:09
Motor dealership business Caffyns posted a rise in pre-tax profit to £11.4m in the year ended 31 March 2015 from £1.57m last year as it booked a £9m credit before tax related to previously-announced changes to contributions to its pension scheme.
Old Mutual gains approval for additional stake in UAP
Wed 03 June 2015 11:08
Old Mutual has received the necessary approvals for its acquisition of an additional 37.3% of UAP, an East and Central African financial services company.
Plant Impact on track to meet annual targets as nine month revenue grows
Wed 03 June 2015 10:47
Agricultural bioscience group Plant Impact said it expected annual results to be in line with expectations, after revenue edged higher in the first nine months.
RapidCloud full-year revenues but shares down as costs widen and margin falls
Wed 03 June 2015 10:36
Shares in computing services group RapidCloud took a big hit on Wednesday after it reported an increase in costs in its full-year results.
Westminster Group eyes launch of first Sierra Leone ferry in June
Wed 03 June 2015 10:21
Westminster Group is set to launch its new flagship ferry, Sierra Queen, in Sierra Leone later this month.
Bank of Georgia signs long-term $90m loan
Wed 03 June 2015 10:20
Bank of Georgia has signed a long-term $90m loan with the International Finance Corporation (IFC), which will be used to help increase its role in diversifying Georgia's economy, expand access to finance and boost sustainable growth.
Easyhotel books profit rise as revenue doubles
Wed 03 June 2015 10:17
Budget hotels operator Easyhotel booked in higher interim pre-tax profits on Wednesday, with a doubling of revenue year-on-year driven primarily by an increase in the capacity of its hotel portfolio.
Sophos Group eyes £1bn London flotation in early July
Wed 03 June 2015 10:16
Sophos Group, the Oxford-based developer of online security software, has revealed plans to raise a gross $125m via a flotation of new shares on the London Stock Exchange's main market in early July.
Tim Cook criticises Facebook and Google over privacy
Wed 03 June 2015 10:13
Apple boss Tim Cook on Tuesday accused Google and Facebook of disregarding users' privacy.
Ferrum Crescent crumbles after granting payment extension to Principle
Wed 03 June 2015 10:06
Shares in Ferrum Crescent plunged almost 15% on Wednesday, as the iron products producer had to grant Principle Monarchy Investments an extension to make its first payment under a financing agreement.
Kuala's newly appointed business development consultant subscribes for shares
Wed 03 June 2015 10:00
Kuala shares leapt after the investment company announced that its newly appointed business development consultant, Galloway, has subscribed for 1.44m new shares at 5.88p apiece.
Globo up 5% after posting rise in first-quarter revenue
Wed 03 June 2015 09:59
Antofagasta completes sale of water division
Wed 03 June 2015 09:48
Copper mining group Antofagasta has completed the sale of its water business to Colombian group Empresas Públicas de Medellín.
Connemara narrows full year losses after remaining active
Wed 03 June 2015 09:14
Connemara shareholders were disappointed with the miner's latest set of results, in which its chairman admitted he may be "be grasping at straws".
Delhaize, Ahold merger talks said to be progressing
Wed 03 June 2015 09:14
Merger talks between supermarket groups Delhaize and Royal Ahold NV are reportedly progressing well, with the goal of reaching an agreement by the end of this month.
Syngenta and Monsanto reportedly discussing antitrust issues
Wed 03 June 2015 09:06
Monstanto is quietly working with Syngenta to iron out regulatory concerns that could hinder its proposed takeover of the Swiss company, according to media reports.
Sigma Capital plans to build 10,000 houses
Wed 03 June 2015 09:04
Residential and urban regeneration group Sigma Capital has expanded its portfolio agreement with Gatehouse Bank to build 10,000 new rental homes over the next five years.
Ariana Resources granted permit for Red Rabbit Gold Project
Wed 03 June 2015 08:47
Ariana Resources shares jumped more than 50% on Wednesday morning after the Anglo-Turkish gold explorer had its Red Rabbit Gold Project application approved.
Advanced Oncotherapy's maiden losses widen depite good progress in LIGHT therapy system
Wed 03 June 2015 08:23
Advanced Oncotherapy (AVO), developer of proton therapy systems for cancer treatment, saw its full-year losses increase despite a good progress in its Linac Image Guided Hadron Technology (LIGHT) therapy system.
Dolphin Capital swings to annual profit, plans to raise 75m euros
Wed 03 June 2015 08:21
Real estate investment company Dolphin Capital Investments swung to a profit in 2014.
Costain joint venture wins A14 scheme contract
Wed 03 June 2015 08:03
The joint venture between engineering solution provider Costain Group and development group Skanska AB has been chosen as the preferred bidder to handle part of the A14 Cambridge to Huntingdon improvement scheme.
Lloyds awaits imminent judgement on enhanced capital notes case
Wed 03 June 2015 07:52
Lloyds Banking Group was on Wednesday awaiting the judgement from the Chancery Division of the High Court of Justice on whether it can go ahead with the cancellation of the enhanced capital notes (ECNs).
Workspace Group's full year NAV and profits beat forecast, strong demand continues
Wed 03 June 2015 07:45
Final results from flexible office provider Workspace Group beat forecasts for profit and net asset value thanks to strong demand in London, rental growth and redevelopments.
WH Smith up 3% as revenue rises on solid travel business performance
Wed 03 June 2015 07:33
Shares in WH Smith rose 3% on Wednesday after the company said total sales in the 13 weeks to May 30 rose, as the performance of the company's shops based in stations and airports offset a disappointing performance in its high street stores.
UBM buys Hospitalar from SPFC Group
Wed 03 June 2015 07:22
UBM announced the acquisition of Hospitalar, which is Latin America's largest healthcare trade show, from SPFC Group for an undisclosed sum.
Interserve JV selected as preferred bidder for Battersea project
Wed 03 June 2015 07:13
Interserve's joint-venture with China State Construction Engineering Corporation (CSCEC) has been selected as the preferred bidder to build the £550m One Nine Elms scheme in Battersea.
Royal Mail appoints Peter Long as chairman
Wed 03 June 2015 07:08
Royal Mail announced on Wednesday that it has appointed Peter Long as non-executive director and chairman designate.
Dixons Carphone to beat profits guidance after stunning fourth quarter in UK
Wed 03 June 2015 07:04
After an electric performance from the UK in the fourth quarter Dixons Carphone said its full year profits are likely to be "slightly above" the top end of its previous guidance.
Wednesday preview: All eyes on Draghi as ECB announces policy decision
Tue 02 June 2015 17:11
With no surprises expected from the European Central Bank (ECB) on Wednesday, the market is likely to zone in on President Mario Draghi's press conference.
New Look posts strong annual results as it expands its market internationally
Tue 02 June 2015 16:18
UK fashion retailer New Look saw its full-year revenues and profits increase despite a competitive high street market.
Theme park ride crashes at Merlin Entertainments' Alton Towers, four seriously injured
Tue 02 June 2015 14:58
Air ambulances were called to Alton Towers, one of the theme parks owned by Merlin Entertainments, after four people were seriously hurt in collision between two carriages of the 14-loop 'Smiler' ride.
Fastjet's maiden losses expand but revenues double thanks to passanger growth in Tanzania
Tue 02 June 2015 14:56
Low-cost African airline Fastjet posted an increase in full-year losses after its businesses in Ghana and Angola were suspended.
Artilium to acquire Belgian voice-over internet protocol firm
Tue 02 June 2015 14:35
Telecoms software provider Artilium has acquired SpeakUp, a Belgian voice-over internet protocol (VoIP) telecom operator through its subsidiary, United Telecom.
Global Invacom set to acquire US satellite terminal maker
Tue 02 June 2015 14:34
Sinagpore-based investment group Global Invacom has announced plans to acquire Skyware Global, a US manufacturer of satellite terminals, for up to $11.6m.
Magnolia Petroleum set to participate in 16 new wells
Tue 02 June 2015 14:33
US oil and gas firm Magnolia Petroleum has announced that it is participating in 16 new wells across its leases in proven US onshore formations.
RWS Holdings first half profit flat but dividend raised
Tue 02 June 2015 14:19
RWS Holdings reported flat first-half pre-tax profit on Tuesday, as revenue fell on the back of a strong pound.
Porvair expects first-half revenue to grow ahead of market expectations
Tue 02 June 2015 14:16
Porvair, filtration and environmental technology group, expects its first-half revenues to be at or ahead market forecasts thanks to a smooth progress in large projects.
BP pondering new projects in Russia, RIA reports
Tue 02 June 2015 14:10
Oil giant BP is mulling new projects in Russia, according to comments made by chief executive Bob Dudley as cited by Russian state news agency RIA Novosti.
Spire Healthcare proposes Kent hospital closure
Tue 02 June 2015 13:52
Hospital operator Spire Healthcare has proposed closing its St Saviour's Hospital in Hythe, Kent.
Intu Properties welcomes 50% investor for Spanish shopping centre
Tue 02 June 2015 13:52
Intu Properties is once again partnering with Canada Pension Plan Investment Board (CPPIB) to form a joint venture to share ownership of Puerto Venecia shopping centre in Zaragoza, Spain.
DCD Media narrows losses despite fall in revenue
Tue 02 June 2015 13:11
Individual TV production and distribution group DCD Media failed to impress with its full-year results, which revealed a reduction in losses despite a slide in revenue.
West African Minerals surges on board reshuffle
Tue 02 June 2015 12:42
Shares in West African Minerals jumped over 20% on Tuesday, after the group said it agreed to reshuffle its board.
Driver Group posts £2.1 first-half loss
Tue 02 June 2015 12:40
Construction consultancy Driver Group posted a £2.1 loss before tax for the first half of this year, compared with £1.3m profit in 2014 as a result of its operations in Africa, Asia and the Middle East.
Camco Clean Energy makes further sale from carbon credit portfolio
Tue 02 June 2015 12:23
Camco Clean Energy has sold off another slice of its carbon credit portfolio raising an initial $0.3m.
Scancell gives positive update on melanoma treatment data
Tue 02 June 2015 12:19
Biopharmaceutical company Scancell Holdings reported further encouraging results from the ongoing 'Phase 1/2' clinical trial of its melanoma treatment SCIB1, which it presented at the annual meeting of the American Society of Clinical Oncology in Chicago.
Image Scan's first-half hurt by delays in the US but terrorist threats keep X-ray market strong
Tue 02 June 2015 11:59
Image Scan, an X-ray imaging manufacturer, said its half-year revenues fell and losses rose due to a slow order intake after facing product delays.
Plant Health Care lands second deal with major industry player
Tue 02 June 2015 11:41
AIM-listed Plant Healthcare, which develops biological products for the global agriculture markets, has signed a deal with a second major industry player for the evaluation of its Innatus 3G peptide platform.
SeaEnergy's maiden results to be hurt by drop in oil prices
Tue 02 June 2015 11:40
Shares in SeaEnergy plunged on Tuesday as the continuing drop in oil prices hurt activity levels in its oil and gas services sector, with project delays affecting full-year revenues.
First Derivatives reports record results, upgrades expectations for current year
Tue 02 June 2015 11:39
First Derivatives (FD) shares performed strongly on Tuesday morning after the group unveiled record full-year results and upgraded its expectations for the current financial year.
OptiBiotex Health wins first contract for its cholesterol reducing product
Tue 02 June 2015 11:15
Life sciences group OptiBiotix Health won a contract with a multinational consumer goods company to provide an option agreement for its cholesterol reducing product.
Redx Pharma cheers with progress on potential MRSA drug
Tue 02 June 2015 11:13
Redx shares jumped on the news it has reached the pre-clinical development stage with a new anti-infective compound designed to tackle MRSA, the bacteria that causes potentially lethal infections in humans.
Brookfield Property acquires Center Parks
Tue 02 June 2015 10:58
US group Brookfield Property Partners has acquired British holiday resort group Center Parcs for an undisclosed amount.
Tesco sales fall as Morrisons returns to growth and discounters Lidl and Aldi expand
Tue 02 June 2015 10:47
Tesco continued to lose market share and saw its sales slump 1.3% in recent weeks, according to fresh supermarket data from Kantar Worldpanel, as Morrisons returned to growth and discounters Aldi and Lidl continued to surge.
Esure director to step down to avoid conflicts of interest
Tue 02 June 2015 10:08
A non-executive director of insurance provider esure Group, Mike Evans, has stepped down to avoid potential conflicts of interest following a transaction involving another company on whose board he sits.
Synergy Health reports 7.5% rise in annual turnover, outlook confident
Tue 02 June 2015 08:42
Synergy Health posted a 7.5% jump in full-year revenue despite adverse currency translation effects and said it was well placed to sustain its growth over both the medium and long-term.
Paternoster teams up with Littoral Oil and Gas for new project in Algeria
Tue 02 June 2015 08:41
AIM-listed Paternoster Resources shares got a boost on Tuesday after it announced a deal with Littoral Oil and Gas for a new project.
St Modwen expects significantly higher interim profits
Tue 02 June 2015 08:38
Real estate investment group St Modwen Properties said its trading in the year to date was in line with expectations, courtesy of a solid performance across its divisions.
Londonmetric announces special dividend, acquisition of five M&S Simply Food stores
Tue 02 June 2015 08:30
Londonmetric Property unveiled a special dividend in its final results on the same day it announced the £26m acquisition of five M&S Simply Food stores.
Tesco windfall from Dunnhumby sale may be halved, reports say
Tue 02 June 2015 08:21
Potential private equity buyers for Tesco's Dunnhumby data unit have cut their valuation for the business in half, according to City talk.
Stagecoach-Abellio joint venture shortlisted for East Anglia franchise
Tue 02 June 2015 08:15
International public transport operator Stagecoach Group has confirmed its joint venture with Abellio has been shortlisted by the Department for Transport for the new East Anglia franchise.
Henderson Group expands in Australia
Tue 02 June 2015 08:01
Asset management firm Henderson Group has reached an agreement to acquire Australia's Perennial Fixed Interest Partners Pty Ltd and Perennial Growth Management Pty Ltd from IOOF Holdings for an undisclosed amount.
British Land launches £350m bond offering to fund recent acquisitions
Tue 02 June 2015 07:54
British Land is scheduled to launch a £350m senior, unsecured convertible bonds offering due 2020.
Amec Foster warns tough conditions will hit scope revenue, trading margin
Tue 02 June 2015 07:53
Consultancy and engineering group Amec Foster has admitted it continues to expect the growth seen in the downstream and Middle Eastern oil & gas markets to be offset by tougher conditions elsewhere.
Acacia Mining starts stoping at Gokona ahead of schedule
Tue 02 June 2015 07:45
Acacia Mining said that it has begun stoping operations ahead of schedule at the Gokona Underground project in Tanzania, with the first ore having been delivered to the process plant.
AO World posts mixed final results as Germany impresses but UK challenges remain
Tue 02 June 2015 07:33
Final results from online white good retailer AO World revealed a £2.9m loss before tax that was largely expected and said the although the UK market remained challenging it was taking market share.
Premier Oil rises 3.3% after taking full ownership of Solan field
Tue 02 June 2015 07:25
Shares in oil and gas exploration company Premier Oil rose 3.3% on Tuesday after the company said it will consolidate production at the Solan field, West of Shetland, after taking full ownership of the project by acquiring the 40% stake it did not alread
Henderson expands Australian market presence
Tue 02 June 2015 07:12
London-listed asset manager Henderson Group said on Tuesday that it has acquired Perennial Fixed Interest Partners Pty and Perennial growth Management Pty from IOOF Holdings, which have combined assets under management (AUM) of £5.5bn.
Court slaps British American Tobacco's Canadian arm with £5.4bn fine
Tue 02 June 2015 07:08
A class-action lawsuit in Canada has ruled that British American Tobacco and two other cigarette makers should pay a combined C$15.6bn (£8.2bn) to smokers in "moral and punitive damages", the largest legal award in Canadian history.
HSBC set to cut thousands of jobs globally, media reports say
Tue 02 June 2015 07:01
HSBC is reportedly planning to cut thousands of jobs across its global workforce as it tries to reassure shareholders that its focus on costs remains undiminished after a series of reputational crises.
Wolseley meets forecasts for comparable sales, guides lower
Tue 02 June 2015 07:00
Wolseley registered a sharp rise in quarterly profits boosted by favourable tailwinds form the currency market, although management expects a slight slowdown in sales.
Burford Capital sees strong investment return in US litigation portfolio
Mon 01 June 2015 16:41
Burford Capital said on Monday its US litigation portfolio investments generated $61m in gross cash and profits of $36m.
Corac secures first commercial offer for Spirax Sarco
Mon 01 June 2015 15:48
Engineering and technology group Corac has received its first commercial offer for its steam expander Spirax Sarco.
Avanti Communications lands deal with Tanzania's national telecoms operator
Mon 01 June 2015 15:37
Avanti Communications has signed a new deal with TTCL, the national telecoms operator of Tanzania.
3i reportedly mulling bid for stake in Jamie Oliver's restaurant business
Mon 01 June 2015 15:35
Private equity firm 3i is reportedly considering a bid for a stake in Jamie Oliver's restaurant chain, which includes brands such as Jamie's Italian and Jamie Oliver's Diner.
Tuesday preview: Eurozone expected to move back into inflation in May
Mon 01 June 2015 15:28
The Eurozone moved away from 'no-flation' to inflation in May, a preliminary estimate on the consumer price index (CPI) is expected to show on Tuesday.
Asos shares knocked by website outage
Mon 01 June 2015 15:08
Asos shares were knocked lower early on Monday after it was revealed an outage prevented bargain-hungry shoppers from taking advantage of a 20% discount sale.
Rotala snaps up Wings Luxury Travel
Mon 01 June 2015 14:20
Rotala has purchased the business, brand and coach fleet of Wings Luxury Travel for £1.5m.
Intel to buy Altera in $16.7bn deal
Mon 01 June 2015 13:47
Intel has agreed to buy Altera for $54 per share in all-cash transaction valued at around €16.7bn, Intel said on Monday.
Malaysia Airlines "technically bankrupt", says new CEO
Mon 01 June 2015 12:29
The new chief executive officer of troubled carrier Malaysia Airlines has said the company is "technically bankrupt" following two aviation tragedies that left the company reeling last year.
Cap-XX announces customer order
Mon 01 June 2015 12:05
Supercapacitors maker Cap-XX has announced that a customer has placed orders for additional evaluation units, with delivery planned for the third quarter of this year.
Intel reportedly nears deal to buy Altera for $54 a share
Mon 01 June 2015 12:03
Intel is reportedly close to acquiring Altera for as much as $17bn, or roughly $54 a share, in what would be the tech company's largest deal ever.
Omega Diagnostics reports good progress in infectious disease division
Mon 01 June 2015 12:00
AIM-listed medical diagnostics company Omega has cheered with news of its infectious disease and allergy projects.
Shares in Real Good Food jump following successful Napier Brown divestment
Mon 01 June 2015 11:56
Real Good Food expects a positive performance at its Renshaw and Haydens brands to help full-year earnings following a profit warning last month.
Aveva acquires FabTrol for $6.5m
Mon 01 June 2015 11:35
Engineering data and design IT systems provider Aveva has reached an agreement to acquire FabTrol Systems from the Dowco Group of Companies for $6.5m (£4.26m).
Chinese interested in Portugal's Novo Banco
Mon 01 June 2015 11:29
China's Anbang Insurance and Fosun International are said to be interested in acquiring Portugal's Novo Banco, the Financial Times reported on Monday.
Prudential appoints new CEO to North American unit
Mon 01 June 2015 11:22
International financial services group Prudential has appointed Barry Stowe as chairman and chief executive of its North American business.
Motif Bio signs deal with leading clinical research organisation
Mon 01 June 2015 11:15
A wholly-owned subsidiary of antibiotic developer Motif Bio has signed letters of intent and interim agreements with a leading global clinical research organisation (CRO).
KAZ Minerals says new project in Kazakhstan will produce "limited" copper in 2015
Mon 01 June 2015 11:02
Kaz Minerals said on Monday it remains on track to start commissioning its Bozshakol project in the fourth quarter of the year, but with "limited" initial copper production in 2015.
China New Energy acquires stake in bioenthanol project
Mon 01 June 2015 10:45
Shares in China New Energy (CNE) leapt on Monday after the engineering and technology firm acquired a 24% stake in Visontai's bioenthanol project in Hungary for €0.25m.
Newmark Security's Grosvenor Technology opens new office in Hong Kong
Mon 01 June 2015 10:37
Security group Newmark Security has opened a new office in Hong Kong for its subsidiary Grosvenor Technology, in a move to expand its business into the Asian market.
Range Resources' Trinidad operations turn cash flow positive in May
Mon 01 June 2015 10:23
Oil and gas explorer Range Resources said daily production from its operations in Trinidad & Tobago averaged 620 barrels of oil per day last month.
Roxi Petroleum jumps on BNG asset update and Galaz sale
Mon 01 June 2015 10:22
Shares in Roxi Petroleum jumped 20% early on Monday, as the oil and gas explorer provided operations update at its flagship BNG asset.
Oxford Technology jumps on acquisition, dividend news
Mon 01 June 2015 10:11
Oxford Technology 4 Venture Capital Trust (VCT) jumped more than 20% on Monday morning on the news one of its partially-owned subsidiaries was acquired by Castleton Technologies after the close on Friday.
Red 24 buys RISQ Worldwide
Mon 01 June 2015 10:08
Red24 said on Monday that it has agreed to buy RISQ Worldwide Pte Ltd for an initial consideration of £267,000 and up to a further £485,000, depending on the financial performance of RISQ during the years ended 30 June 2016 and 30 June 2017.
Mears Group buys Care UK Homecare businesses for £11.3m
Mon 01 June 2015 09:56
Social housing and care sector services provider Mears Group said on Monday that it has agreed to buy the Care at Home (CAH) division of Care UK Ltd for a £11.3m in cash.
Gulf Keystone appoints Jon Ferrier as new CEO
Mon 01 June 2015 09:47
Oil and gas exploration company Gulf Keystone said on Monday that it has appointed former Maersk Oil executive Jon Ferrier as its new chief executive officer, replacing John Gerstenlauer.
Jaguar Land Rover appoints new head of sales in China
Mon 01 June 2015 09:46
Mark Bishop, the former managing director of Porsche China, has been appointed as Jaguar Land Rover's new head of sales in China.
Sunrise Resources reports bonanza silver grade samples
Mon 01 June 2015 09:44
Sunrise Resources cheered its investors with good news on Monday thanks to bonanza silver grade samples retrieved from its Bay State Silver Project in Nevada.
Camco revenues fall on carbon activity reduction
Mon 01 June 2015 08:59
Camco Clean Energy investors were unimpressed with the firm's annual results on Monday, which revealed a decline in revenue to €9.9m from €12.3m a year earlier due to the anticipated reduction in CDM carbon activity.
Scottish Investment Trust's interim total return just short of 10%
Mon 01 June 2015 08:41
Investment group Scottish Investment Trust said its net asset value per share total return in the first half of the year fell just short of 10%.
Starcom raises funds to cover cash problem, announces new CFO
Mon 01 June 2015 08:28
AIM-listed wireless technology company Starcom has raised £475,000 before expenses following a 4p-a-share placing.
Bank of Georgia acquires 50% stake in Georgia's largest hospital
Mon 01 June 2015 08:02
Bank of Georgia's healthcare subsidiary has agreed to acquire 50% of GNCo, which owns the largest hospital in Georgia.
British American Tobacco to acquire TDR for €550m
Mon 01 June 2015 08:02
British American Tobacco said on Monday that it had signed an agreement to acquire TDR d.o.o. and other tobacco and retail assets from Adris Grupa for a total enterprise value of €550m.
Savills completes Smiths Gore acquisition
Mon 01 June 2015 07:56
Property group Savills has completed the acquisition of rural specialists Smiths Gore in a deal worth up to £40m in cash.
Ultra Electronics to acquire Kratos Defense for $265m
Mon 01 June 2015 07:56
Defence and aerospace group Ultra Electronics Holdings has reached a deal to acquire the electronics products division of Kratos Defense and Security Solutions for $265m (£173.5m).
AstraZeneca shares rise 2.5% after positive lung cancer drug update
Mon 01 June 2015 07:35
Shares in AstraZeneca rose 2.5% on Monday following positive takeaways from the annual meeting of the American Society of Clinical Oncology, during which the company presented preliminary data for one of its lung cancer drugs.
State lowers stake in Lloyds to below 19%
Mon 01 June 2015 07:25
UK Financial Investments, the state investment vehicle, has lowered its stake in Lloyds to 18.99% from the 19.93% it held on 12 May.
Playtech acquires troubled Plus500 in £459.6m cash deal
Mon 01 June 2015 07:24
Spread betting firm Plus500 has been snapped up by FTSE 250 listed gaming company Playtech in a £459.6m cash deal.
Drug combination might help cure skin cancer, study shows
Mon 01 June 2015 07:16
Clinical data unveiled on Sunday on occasion of the American Society of Clinical Oncology's annual conference in Chicago showed that a combination of two immunotherapy drugs made by global biopharmaceutical Bristol-Myers Squibb could rise the chances of s
SVG Capital NAV rises as company books strong realisations
Mon 01 June 2015 07:14
SVG Capital said in its Interim Management Statement on Monday that net asset value per share rose 1% in the first quarter of this year to 592p, or £1.1bn.
Stifel reportedly in lead to buy Barclays' US wealth management unit
Mon 01 June 2015 07:11
Investment bank Stifel Financial Corp is reportedly in advanced talks to acquire Barclays' US wealth management unit in a deal that could come as early as next week.
WPP could reportedly face revolt over CEO Sorrell's pay
Mon 01 June 2015 07:09
Global advertising group WPP may face opposition from shareholders at its annual meeting on 9 June over chief executive Martin Sorrell's £43m pay award for 2014, according to press reports.
Google launces Apple Pay competitor, updates smart watch
Fri 29 May 2015 17:32
Google has announced its own contactless payment system and a newly updated Android Wear smartwatch in moves to challenge tech giant rival Apple.
88 Energy completes Moroccan project exit
Fri 29 May 2015 16:14
88 Energy has confirmed it has officially exited its Moroccan project.
Prime People posts strong maiden results
Fri 29 May 2015 15:48
Recruitment business Prime People's maiden full-year results published on Friday were helped by a strong property business in the UK.
Imperial Innovations' portfolio company appoints new executive chairman
Fri 29 May 2015 15:31
Technology investment group Imperial Innovations Group has appointed Paolo Paoletti as executive chairman of its portfolio company Kesios Therapeutics.
Astrazeneca agrees immuno-oncology collaboration with Eli Lilly
Fri 29 May 2015 14:40
UK drug colossus Astrazeneca and US peer Eli Lilly have agreed to collaborate on the hot area of immuno-oncology, where drugs encourage the body's immune system to help battle cancer.
PhotonStar LED's full-year loss widens due to strong price competition
Fri 29 May 2015 14:25
Photonstar LED Group's full-year results were hurt by "significant" price reductions from competitors in its fixed lighting business.
Fed's rate hike would "absolutely" help banks, says Wells Fargo's CEO
Fri 29 May 2015 14:21
An interest rate hike by the Federal Reserve would "absolutely" help US banks, said Wells Fargo & Co's chief executive John Stumpf.
Magnolia Petroleum raises £1m in share placing; posts rise in 2014 revenue
Fri 29 May 2015 14:08
AIM-listed oil and gas exploration company Magnolia Petroleum said on Friday that it has raised £1m through the issuance of 12.9m shares at 0.7p each to fund its ongoing drilling programme in the US.
Direct Line to pay 27.5p per share and consolidate shares
Fri 29 May 2015 13:56
Insurer Direct Line said it will pay a special dividend to shareholders of 27.5p per share after completing the sale of its international division.
Volvere surges after posting sharp rise in pre-tax profit
Fri 29 May 2015 12:23
Shares in growth and turnaround investment business Volvere surged 10% on Friday after the company said it has more than tripled its full-year 2014 pre-tax profit from a year ago, supported by an exceptional gain in Shire Foods.
Quindell pledges "£1 per share" capital return after review finds "aggressive" accounting
Fri 29 May 2015 11:42
An independent review into accounting practices at Quindell's disposed legal claims business found they were at "the aggressive end of acceptable practice", as the company finally completed the deal and said it expected to return more than £1 per share f
Financial Reporting Council to investigate relationships between suppliers and retailers
Fri 29 May 2015 11:39
The relationship between suppliers and retailers is set to be scrutinised by the Financial Reporting Council following Tesco's accounting scandal.
Tomco Energy slims down; announces CEO resignation
Fri 29 May 2015 10:24
Oil exploration and production company Tomco Energy said on Friday that it has embarked on a corporate restructuring plan to materially reduce its corporate costs, as it continues to explore various merger and acquisition options to deliver shareholder va
Afren secures additional debt funding as it posts drop in first-quarter revenue
Fri 29 May 2015 10:03
Oil and gas explorer Afren said on Friday that it has secured additional debt funding, as it posted a drop in first-quarter revenue.
China Rerun profit hit by weaker lubricant revenue
Fri 29 May 2015 09:51
China Rerun Chemical Group said on Friday that its half-year profit dropped 50% on the back of weaker revenue as sales of lubricating oils fell heavily.
Immundiagnostic Systems plunges on revenue warning
Fri 29 May 2015 09:18
Shares in Immunodiagnostic Systems Holdings plunged over 10% early on Friday, as the medical diagnostic products manufacturer said it was anticipating another year of falling revenues.
FirstGroup to invest £77.7m in new buses; hails low emission engines
Fri 29 May 2015 09:15
Shares in transport operator FirstGroup rose on Friday after the company said that it is spending £77.7m on 385 new vehicles.
Pure Gym flexes its muscles with LA Fitness deal
Fri 29 May 2015 08:59
Gym operator Pure Gym has flexed its muscles in the market by acquiring rival LA Fitness for an undisclosed amount, though the UK competition regulator said it was investigating the deal.
Airbus admits "assembly quality problem" may have caused A400M crash in Spain
Fri 29 May 2015 08:15
Analysis of flight recorders recovered from the A400M military aircraft that crashed in southern Spain on 9 May showed there were no structural faults, but "assembly quality problems" might be the cause, manufacturer Airbus' chief of strategy Marwan Lahou
Synergy Healthcare to contest FTC decision over Steris deal
Fri 29 May 2015 08:07
As has been feared, Synergy Health's takeover by US rival Steris Corp has been blocked by US competition regulators, but the two companies announced on Friday that they will contest the ruling and some analysts remained surprised by the regulator's stance
Old Mutual sells Swiss unit to Life Invest Holding
Fri 29 May 2015 08:03
Old Mutual has agreed to sell Skandia Leben in Switzerland, part of the Old Mutual Wealth unit, to Life Invest Holding for an undisclosed sum.
JP Morgan to lay off more than 5,000 by next year, reports say
Fri 29 May 2015 08:00
JP Morgan Chase & Co. is cutting more than 5,000 jobs in an effort to trim costs and become more efficient, according to press reports.
Serco completes sale of Great Southern Rail
Fri 29 May 2015 07:57
Outsourcing group Serco has completed the sale of "luxury" long-distance rail service Great Southern Rail for £2.5m to Australian private equity firm Allegro.
British Land signs three new lettings at Leadenhall building
Fri 29 May 2015 07:37
British Land and its partner Oxford Properties have completed three lettings deals at the Leadenhall building in the City of London, British Land said on Friday.
Carillion acquires Canada's Outland Group
Fri 29 May 2015 07:16
Integrated support services company Carillion said on Friday that it has acquired Outland Group - a provider of remote-site accommodation and associated services that operates across Canada.
Syngenta reportedly building defenses against another Monsanto bid
Fri 29 May 2015 07:06
Agrochemical maker Syngenta AG is building up defenses as it prepares for a possible higher bid from US rival Monsanto Co., according to press reports.
Equinix agrees £2.35bn deal with Telecity
Fri 29 May 2015 07:05
US data centre company Equinix Inc said on Friday that it has reached an agreement to acquired UK peer Telecity Group in a cash and share offer worth £2.35bn.
Intel close to buying Altera for $15bn, report suggests
Fri 29 May 2015 06:29
Intel is close to buying microchip maker Altera Corp in a deal valued at $15bn, according to The New York Post.
Abercrombie & Fitch's first quarter results fall short of expectations
Thu 28 May 2015 16:48
Abercrombie & Fitch reported lower revenue and a wider-than-anticipated loss in its first quarter, but retained a positive outlook for the rest of the year.
BuzzFeed plans IPO
Thu 28 May 2015 15:51
Internet news media company BuzzFeed announced it is planning an initial public offering (IPO), its chief executive, Jonah Peretti, said at tech-conference on Wednesday.
Ashtead drops following comments from US competitor
Thu 28 May 2015 15:30
Shares in US equipment rental company United Rentals Inc dropped 6% on Thursday, with traders pointing to comments from the company at KeyBanc capital markets conference, during which it played down activity in May.
Friday preview: Second estimate of US GDP to show economy contracted in Q1
Thu 28 May 2015 15:21
The US economy may have contracted in the first quarter, according to forecasts ahead of Friday's second estimate of gross domestic product (GDP).
Ambrian's maiden results hurt by lower economic growth in key markets
Thu 28 May 2015 14:08
Stockbroking and trading services group Ambrian said its full-year results were hurt by lower-than-expected economic growth in its key markets due to tight credit conditions for its users.
Avago Technologies to buy Broadcom in $37bn deal
Thu 28 May 2015 13:24
Singapore-based chipmaker Avago Technologies has agreed to buy Broadcom Corp for $37bn in cash and stock, the companies said in a statement.
Dialight appoints new US chief officer
Thu 28 May 2015 13:21
LED lighting group Dialight appointed Michael Sutsko as its new chief executive followig a global search process.
Vitesse Media's full-year operating loss to be reduced
Thu 28 May 2015 12:50
Vitesse Media said on Thursday its full-year results are expected to see a "significant improvement" from previous years.
Anglo American announces management changes in South Africa
Thu 28 May 2015 12:35
Anglo American announced changes to its leadership structure in South Africa following a detailed governance review.
WPP acquires French advertising specialist
Thu 28 May 2015 12:22
Advertising and public relations giant WPP said it has acquired a majority stake in out-of-home advertising specialist Financiere Postiere.
Shell reportedly names China boss to key BG merger post
Thu 28 May 2015 12:14
The head of Royal Dutch Shell's China operations is to spearhead the oil and gas major's integration with BG Group, which is due to complete next year, according to Sky News.
Optimal Payments buys Canada's FANS Entertainment
Thu 28 May 2015 11:09
Online payment solutions provider Optimal Payments said it has acquired Montreal-based mobile platform developer FANS Entertainment Inc for C$16m.
Stride Gaming hits the jackpot with first half results
Thu 28 May 2015 11:02
Stride Gaming's first half profits rebounded from last year's losses, as revenue more than doubled on rising levels of funded players, as well as higher yields per player.
Nakama sees full-year results in line with expectations
Thu 28 May 2015 11:02
Recruitment consultancy Nakama said on Thursday that it expects full-year results to be in line with management's expectations, with profitable trading in the second half and the group headcount further expanding across the international network.
Toumaz expects 30% jump in first half revenue
Thu 28 May 2015 10:59
Semiconductor group Toumaz said it was trading in line with expectations and said it forecast a 30% rise in revenue in the first half of the year.
Gusbourne to raise £3.75m in open offer
Thu 28 May 2015 10:53
Gusbourne, which makes sparkling wine, said on Thursday that it plans to raise £3.57m through an open offer of 7.1m shares at 50p each, with a basic entitlement of two new shares for every five existing shares.
Camco Clean Energy shares gain on sale of US Carbon Credit portfolio
Thu 28 May 2015 10:41
Shares in Camco Clean Energy rose sharply on Thursday after the company said it has reached a deal to sell its US carbon credit portfolio for $2.24m.
B&M European Value Retail hikes expansion guidance after full-year results impress
Thu 28 May 2015 10:23
B&M European, the discount retailer chaired by ex-Tesco boss Terry Leahy, posted a strong debut full year result thanks to a strong UK performance and 52 new shop openings, with sales surging 30% to £1.65bn.
Marimedia's revenues will be 'significantly' lower due to closure of display business
Thu 28 May 2015 09:21
Online advertising company Marimedia warned its revenues will be "significantly" lower in 2015 due to structural changes in the media sector, sending its shares plunging on Thursday morning.
UK to assess impact of RBS proposed sale of Williams & Gyn
Thu 28 May 2015 09:20
The UK government said it has instructed competition regulators to assess the impact Royal Bank of Scotland's planned sale of Williams & Glyn would have on the banking sector.
Northbridge Industrial Services takes drastic action to stay profitable
Thu 28 May 2015 08:45
Dogged by the oil industry slump, Northbridge Industrial Services has severely slimmed the business down and warned of interim losses, but said it hoped to remain in the black for the full year after cutting staff numbers and selling off businesses and re
Cinven buys Labco at lower end of recent IPO value range
Thu 28 May 2015 08:19
Private equity group Cinven has agreed to acquire Labco, the pan-European medical group part-owned by FTSE 100 investment group 3i.
Infinis swings to annual profit
Thu 28 May 2015 08:13
Renewable energy generator Infinis Energy swung to a profit in the year to the end of March, although revenue was hit by weaker wholesale power prices.
Paypoint enjoys strong year thanks to rise in bill payment transactions in Romania
Thu 28 May 2015 08:03
Payment solutions group Paypoint said on Thursday its retail networks performed well during the full-year, with revenues and profits rising.
Serco appoints Roy Gardner as new non-executive chairman
Thu 28 May 2015 08:03
International service provider Serco said on Thursday that it has named Sir Roy Gardner as its new non-executive chairman.
Betfair appoints new executive director
Thu 28 May 2015 08:01
Online betting and gaming operator Betfair has appointed Mark Brooker as an executive director from 1 June.
Sports Direct lifts profit and earnings guidance
Thu 28 May 2015 07:56
High street sports retailer Sports Direct has lifted its guidance for annual profits, causing shares to jump early on Thursday.
IAG confirms Aer Lingus offer price "will not be increased"
Thu 28 May 2015 07:48
International Consolidated Airlines, the owner of British Airways and Iberia, has stated that its €2.55 per share takeover offer for Aer Lingus was "final and will not be increased" in light of concerns about Ryanair's stake in Ireland's flag-carrier.
Premier, Rockhopper and Falkland gain on Isobel Deep oil discovery
Thu 28 May 2015 07:46
Shares in Premier Oil, Rockhopper Exploration and Falkland Oil & Gas gained on Thursday after the companies announced an oil discovery at the Isobel Deep exploration well in the North Falkland Basin, approximately 30km south of the Sea Lion field.
Tate & Lyle shares drop as profit falls; earnings seen flat
Thu 28 May 2015 07:42
Shares in Tate & Lyle slid 4% on Thursday after the company said that full-year pre-tax profit dropped 30% in the year ended 31 March, in line with its expectations, as it continues to restructure its business.
Kingfisher's solid start clipped by European currency headwinds
Thu 28 May 2015 07:21
B&Q and Screwfix owner Kingfisher made what it called a "solid" start to the year under new French chief executive Véronique Laury, although progress in sales and profits was halted due to European currency wobbles
IG Group on track to deliver against full-year expectations
Thu 28 May 2015 07:18
IG Group said on Thursday in a trading update for the fourth quarter that it remains on track to deliver against full-year financial expectations.
Zoopla completes uSwitch takeover
Wed 27 May 2015 16:48
Residential property website group Zoopla has completed the acquisition of utility price comparison site uSwitch for up to £190m.
Aberdeen Asset Management to buy Flag Capital Management
Wed 27 May 2015 16:16
Fund manager Aberdeen Asset Management has reached an agreement to buy American sector peer Flag Capital Management for an undisclosed amount.
Fusionex posts positive first-half thanks to new data product
Wed 27 May 2015 15:58
Fusionex, an analytics and big data provider, said its first-half results were helped by the performance of its GIANT data product and the introduction of new businesses.
Second Petrobas ex-manager found guilty of corruption
Wed 27 May 2015 15:39
A former Petrobas executive will face five years in prison after being found guilty of money laundering in Brazil.
M&S execs to see slim reward from share scheme, says press report
Wed 27 May 2015 14:51
Scores of top executives at Marks & Spencer will receive only a tiny payout from an incentive scheme despite producing the retailer's first rise in annual profits in four years, according to Sky News.
Ford recalls over 420,000 in North America
Wed 27 May 2015 14:49
Automotive giant Ford Motor has recalled approximately 423,000 vehicles in North America, due to potential issues with electric power steering.
Reach4Entertainment posts full-year losses following theatre closures
Wed 27 May 2015 14:39
Theatre, film and live entertainment group Reach4Entertainment saw its profits swing into losses in 2014 due to discussions with its bank and third parties regarding the restructure or replacement of its current bank loan.
RBS to sell Northern Ireland loan portfolio
Wed 27 May 2015 14:36
Royal Bank of Scotland said it has agreed to sell a portfolio of Ulster Bank loans in Northern Ireland to an entity affiliated with Cerberus Capital Management.
Bango's user spendng growth in line with expectations
Wed 27 May 2015 14:09
Shares in mobile payment company Bango rose on Wednesday after saying its user spend is growing in line with expectations.
Thursday preview: Second estimate of Q1 UK GDP expected to be revised higher
Wed 27 May 2015 13:38
A second estimate of UK gross domestic product (GDP) in the first quarter expected to be revised slightly higher on Thursday.
S&P upgrades outlook on Debenhams, expect improving trends this year
Wed 27 May 2015 13:27
Ratings agency S&P said it sees an improved operating performance this year at UK department store chain Debenhams, as it raised its outlook for the company from 'negative' to 'stable'.
CRH shares gain as it seals deal with Lafarge, Holcim
Wed 27 May 2015 12:02
Shares in Irish building materials company CRH rose 2.5% after the company said late on Tuesday that Lafarge and Holcim have accepted its offer to buy certain assets from them in a deal worth €6.5n.
Scapa Group posts strong maiden results as healthcare division grows
Wed 27 May 2015 11:58
Scapa Group, a manufacturer of bonding materials, posted strong full-year results helped by an investment in its healthcare business.
HSS Hire enjoys strong first quarter despite rising investment costs
Wed 27 May 2015 11:01
HSS Hire reported a strong first quarter despite an increase in investment costs affecting its core business.
Rapidcloud International wins two new contracts
Wed 27 May 2015 10:43
Shares in software and computer services group RapidCloud International jumped on Wednesday after it secured two new contracts for £0.18m.
Edenville jumps as annual loss narrows
Wed 27 May 2015 10:39
Shares in Edenville Energy surged on Wednesday, after the coal and uranium explorer said its annual pre-tax loss narrowed.
Plus500 sales slump as board faces AGM fury as it rejects "baseless" blog allegations
Wed 27 May 2015 10:06
A trading update from online forex broker Plus500, which lost two-thirds of its value last week on concerns for its financial health, faced angry questions from shareholders at its annual meeting but stated that although sales fell in the second quarter i
Deutsche Boerse in JV with Chinese exchanges
Wed 27 May 2015 09:55
Deutsche Boerse said on Wednesday that it has agreed to set up a joint venture with Shanghai Stock Exchange and China Financial Future Exchange to develop and market Chinese shares and ETFs for investors outside mainland China.
Spanish government's board appointment makes Airbus go tense
Wed 27 May 2015 09:54
Tensions were running high on Airbus was said to be very tense before its annual shareholder meeting on Wednesday, due to the appointment made by the Spanish government of a new board member.
JLT appoints new finance director
Wed 27 May 2015 09:22
Charlie Rozes has been appointed as Jardine Lloyd Thompson's new finance director, the insurance provider said on Wednesday.
Synergy Health falls on speculation FTC to block tie-up with Steris
Wed 27 May 2015 08:58
Shares in Synergy Health were registering sharp losses on speculation US authorities were about to block its proposed takeover by New York-listed rival Steris.
TR Property delivers strong annual results but warns of falling profits
Wed 27 May 2015 08:53
TR Property Investment Trust delivered positive annual results on the back of a strong performance in the property and property equities markets.
Imperial Tobacco wheezes sigh of relief as US regulator finally approves Lorillard-Reynolds merger
Wed 27 May 2015 08:51
A longtime weight was lifted from the shoulders of Imperial Tobacco after the merger of US tobacco giants Lorillard and Reynolds American was given the green light by US anti-trust regulators after months of uncertainty, allowing the London-listed group t
Caledonia Investments posts strong NAV thanks to healthy portfolio
Wed 27 May 2015 08:15
Caledonia Investments saw its full-year net asset value (NAV) increase thanks to a strong investments portfolio.
Card Factory on track to deliver annual targets
Wed 27 May 2015 08:08
Gift and greeting cards retailer Card Factory said it was on track to meet its annual expectations after a solid performance in the first quarter.
Hansteen Holdings acquires 13 properties in Germany
Wed 27 May 2015 08:07
Real estate investment trust Hansteen Holdings has bought 13 German-based properties for €21.7m (£15.4m) from Benelux Industrial Partners.
Workspace acquires new office properties in Clerkenwell
Wed 27 May 2015 07:58
Workspace Group, the London flexible office space provider, has exchanged contracts on the purchase of a converted warehouse office property in Clerkenwell, close to Exmouth Market.
Brewin Dolphin results disappoint as transformation moves too slowly for analysts
Wed 27 May 2015 07:54
First-half results from Brewin Dolphin were largely in line with expectations, with funds under management expanding and profits following suit, but the dividend was short of some forecasts and several analysts took a dim view of prospects, sending the sh
LVMH in talks to buy Le Parisien
Wed 27 May 2015 07:52
Luxury goods company LVMH, which owns Groupe Les Echos, said it is in talks to buy French newspaper Le Parisien,
SEC fines Deutsche Bank $55m over misstated accounts
Wed 27 May 2015 07:40
The US Securities and Exchange Commission (SEC) has fined Deutsche Bank $55m for material misstatements about a derivatives portfolio, for which the bank inflated the value at the height of the financial crisis.
De La Rue shares plunge as its posts drop in profit and cuts dividend
Wed 27 May 2015 07:18
Shares in banknote printer De La Rue plummeted 9% on Wednesday after the company said pre-tax profit dropped by a third to £38.9m for fiscal 2015, and posted a cut in the dividend to 25p per share from 42.3p.
AG Barr sales lose some fizz in first quarter
Wed 27 May 2015 07:11
Some of the fizz has gone out of Irn Bru maker AG Barr in the first quarter, with group sales down 1.1% compared to last year's strong start, which was boosted by the Commonwealth Games.
Rolls-Royce wins British Army engine contract
Wed 27 May 2015 07:09
Engine maker Rolls-Royce has been selected by the British Army to supply 589 MTU series 199 diesel engines for use in the new SCOUT specialist vehicle.
RBS eyes bid for £13bn Northern Rock portfolio
Wed 27 May 2015 07:07
Royal Bank of Scotland has emerged as a bidder for part of Granite, which is a £13bn state-owned mortgage portfolio for sale by the UK government.
Irish government to sell Aer Lingus stake to IAG
Wed 27 May 2015 07:03
The Irish government agreed on Tuesday to sell its 25% stake in Aer Lingus to International Consolidated Airlines Group (IAG), owner of British Airways and Spain's Iberia, for €2.55 per share.
Wednesday preview: Queen's Speech in focus
Tue 26 May 2015 17:15
Wednesday will be a light day both in terms of economic data and company results, although the Queen's speech will be watched for any surprises - a not uncommon occurrence.
Kea Petroleum suspends shares after failing to raise sufficient capital
Tue 26 May 2015 15:51
Oil and gas group Kea Petroleum has suspended trading in its shares after failing to secure bids totalling £3m via the PrimaryBid.com crowdfunding platform.
XLMedia sees good start to 2015; announces bolt-on acquisition
Tue 26 May 2015 15:46
Marketing services company XLMedia said on Tuesday that it has made a good start to the year, as it continues to trade in line with expectations, and announced a small bolt-on acquisition of UK focused mobile targeted websites.
Scotgold Resources shares surge on Cononish gold project update
Tue 26 May 2015 15:35
Shares in Scotgold Resources surged 12% on Tuesday after the company said that the total ore reserve estimate for its Cononish gold project in Scotland has nearly trebled.
Secure Income sells Madame Tussauds property for £332.5m
Tue 26 May 2015 13:53
Secure Income Reit has sold the iconic Madame Tussauds museum premises in Marylebone for £332.5m.
Greene King may get CMA approval for Spirit Pub takeover
Tue 26 May 2015 13:49
The UK's Competition and Markets Authority said on Tuesday that it has considered the undertakings offered by brewer and pubs operator Greene King in respect of its acquisition of Spirit Pub Co and that it may be willing to give the stamp of approval to t
O2's service restored after issue of network signal problem
Tue 26 May 2015 13:47
Phone provider O2 has reported its service had been restored after customers complained of problems with reception on Monday.
Flowgroup boiler installations delayed by testing process
Tue 26 May 2015 13:22
Full-year losses increased at alternative energy group Flowgroup despite strong revenue growth as it begins to roll out production and installation of its innovative combined heat-and-power (microCHP) boiler.
Nestle's bottling plans for drought-hit Oregon encounter more opposition
Tue 26 May 2015 13:13
Lawmakers and environmental activists are coming out against Nestle SA's plan to bottle Oregon's spring water, saying that the company shouldn't be allowed to profit from a natural resource as drought spreads across the state, according to Bloomberg.
PowerFilm to cancel trading of its shares
Tue 26 May 2015 12:51
PowerFilm said it will cancel the admission of its common shares to trading on Aim.
PureTech looks to raise $160m with London listing
Tue 26 May 2015 12:24
US-based PureTech Health hopes to raise $160m in a London listing, in efforts to fund extended product development.
Twitter in talks to acquire Flipboard for $1bn
Tue 26 May 2015 11:35
Twitter has begun negotiations to acquire article-sharing platform Flipboard for around $1bn (£646m).
San Leon Energy plunges over £13m settlement with Avobone
Tue 26 May 2015 11:10
Shares in San Leon Energy plunged over 11% on Tuesday, after the oil and gas producer said it would appeal against the decision of the International Court of Arbitration in relation to a dispute with Avobone over the Siekierki asset.
Charter Communications confirms takeover of Time Warner Cable at $196 a share
Tue 26 May 2015 11:04
US cable giant Charter Communications has agreed a deal to buy its even larger rival Time Warner Cable for a price that values the latter at $79bn.
Amazon generates sales of EUR10.9bn in Germany, but only pays EUR11.9M in tax
Tue 26 May 2015 10:54
Amazon said its German division paid just €11.9m in tax last year, despite recording €10.9bn in sales, according to regulatory filings.
Coms jumps on sale of telecoms divison
Tue 26 May 2015 09:56
Communications services developer Coms has reached an agreement to sell its telecoms division to Timico for up to $3.5m.
AstraZeneca shares fall as Amgen ends psoriasis drug deal
Tue 26 May 2015 09:54
Shares in drugmaker AstraZeneca fell 1.2%, as investors reacted to news that one of its partners, Amgen, was ending its collaboration to develop psoriasis drug brodalumab, after suicidal thoughts were observed in patients taking it.
William Sinclair Holdings warns of funding shortfall
Tue 26 May 2015 09:30
Shares in William Sinclair Holdings fell over 6% on Tuesday, as the horticultural products group warned it will face a funding shortfall over the next few months.
Range Resources agrees funding deal with Beijing Sibo Investment Management
Tue 26 May 2015 09:01
Oil and gas explorer Range Resources has signed a conditional funding deal worth up to $35m (£22.7m) with Beijing Sibo Investment Management.
Publishing Technology plunges after swinging to pre-tax loss
Tue 26 May 2015 08:37
Shares in Publishing Technology plunged over 8% early on Tuesday as the content solutions provider swung to an annual pre-tax loss after a strategic review resulted in substantial non-cash charges.
Saga Investment Services unveils new managing director
Tue 26 May 2015 08:19
Nicola Audhlam-Gardiner has been appointed as managing director of Saga Investment Services, the investment and financial planning business owned by Saga and Tilney Bestinvest.
Riverstone Energy to invest $100m in Carrier Energy Partners
Tue 26 May 2015 08:07
Riverstone Energy said it has invested up to $100m (£64.9m) in US-based oil and gas investment group Carrier Energy Partners II LLC.
Nostrum Oil & Gas first-quarter earnings and revenue drop on weaker oil price
Tue 26 May 2015 08:01
Nostrum Oil & Gas said on Tuesday that earnings before interest, tax, depreciation and amortisation fell 39.2% to $49.6m, on revenue of $100.3m, down nearly 38% from $161.6m, as the weak oil price offset a rise in production.
Vodafone may float Indian arm to raise $4bn as Liberty merger calls grow louder
Tue 26 May 2015 07:52
As speculation about a potential merger with John Malone's Liberty Global intensifies further, Vodafone has appointed advisers to examine a potential flotation of its Indian arm.
Ryanair shares soar 4% as airline posts 66% rise in full-year profit
Tue 26 May 2015 07:40
Shares in Ryanair soared 4% on Tuesday after the Irish airline reported a 66% rise in full-year profit after tax, as passenger numbers grew more than three times the company's targeted level.
Micro Focus reiterates full-year guidance after strong fourth quarter
Tue 26 May 2015 07:14
Software group Micro Focus has reiterated its guidance to treble annual revenues on the back of a strong finish to its financial year, helped by the first contribution from its merger with The Attachment Group (TAG).
Cineworld first quarter sales whipped higher by Fifty Shades of Grey
Tue 26 May 2015 07:06
With cinema audiences whipped up by films such as 'Fifty Shades of Grey', like-for-like revenues surged 10.7% in the first quarter at Cineworld, with a stream of blockbuster films expected to deliver strong box office year ahead.
GCP Infrastructure Investments posts rise in first-half profit
Fri 22 May 2015 15:28
GCP Infrastructure Investments reported a 17% rise in first-half net profit on Friday.
Amur Minerals soars on Kun Manie production license approval
Fri 22 May 2015 14:25
Shares in exploration and development company Amur Minerals rose a whopping 76% on Friday after the company said that Russian Prime Minister Dmitry Medvedev has approved its production license for the Kun Manie nickel-copper sulphide deposit in far easter
Mandarin Oriental and Olayan Group snap up Madrid's Hotel Ritz
Fri 22 May 2015 12:47
Mandarin Oriental and Saudi Arabian multinational The Olayan Group have bought the Hotel Ritz, Madrid in a joint venture worth €130m.
Apax Global Alpha to raise €250m in London listing
Fri 22 May 2015 12:30
Investment trust Apax Global Alpha is looking to raise €250m in a flotation on the London Stock Exchange.
Empiric Student Property acquires £5.1m Durham flats
Fri 22 May 2015 12:15
Empiric Student Property has acquired the freehold on a block of flats in Durham for £5.1m.
Norman Broadbent posts wider pre-tax loss for 2014, but back to profitability in 1Q
Fri 22 May 2015 11:05
Recruitment company Norman Broadbent reported a rise in pre-tax losses to £1.56m in 2014 from £1.15m, saying the results reflect start-up losses in emerging businesses and the exceptional costs associated with regaining control of the Norman Broadbent b
Nationwide profit rises; CEO to step down next year
Fri 22 May 2015 09:44
Building society Nationwide posted a 32% % rise in underlying annual profit in the year to April 2015, as it regained its position as the UK's second largest saving and mortgage provider.
Quindell given FCA approval for Slater & Gordon deal
Fri 22 May 2015 08:57
Quindell has received the final regulatory go-ahead to complete the sale of its professional services division to Australian law-firm, Slater & Gordon in a deal worth £700m.
WPP's Always buys Singapore marketing company 3ree
Fri 22 May 2015 08:13
WPP's China-based marketing company Always Marketing Services has agreed to buy Singapore's 3ree, the advertising group announced on Friday.
Segro buys Italy's Vailog for £28.1m
Fri 22 May 2015 07:41
UK property and investment company Segro said on Friday that it has exchanged contracts to acquire 90% of Vailog Srl from its majority shareholder FBH Spa for £28.1m, subject to completion adjustments.
Severn Trent's full-year profit drops
Fri 22 May 2015 07:30
London-listed water company Severn Trent posted a 53.5% drop in full-year pre-tax profit, pointing to a fair value loss on financial instruments, largely due to lower expectations for future interest rates, and an exceptional tax credit in the previous ye
Close Brothers benefits from renewed investor risk appetite and property loan demand
Fri 22 May 2015 07:24
Merchant bank Close Brothers enjoyed a good third quarter's trading as investor risk appetite returned and its core banking division booked a solid performance.
HSBC considering sale of Brazilian unit
Fri 22 May 2015 07:15
HSBC has confirmed speculation that it is looking at a possible disposal of its Brazilian operations, though it has not yet made a decision.
Whitbread poaches new CEO Alison Brittain from Lloyds
Fri 22 May 2015 07:06
Costa coffee shops and Premier Inns hotels owner Whitbread has appointed Alison Brittain, current head of Lloyds's high street banking division, as its new chief executive.
Uber seeks $1bn credit line from banks
Fri 22 May 2015 07:06
Taxi ordering phone app Uber is seeking a $1bn credit line from banks, The Wall Street Journal reported on Friday citing people familiar with the matter.
HP to sell 51% of its Chinese stake to Tsinghua Holdings
Fri 22 May 2015 06:30
Hewlett Packard (HP) has agreed to sell a 51% stake in its Chinese data-networking business H3C Technologies to local rival Tsinghua Unigroup for $2.3bn.
Tesco could reclaim former chief executive's £1.2m pay-off
Thu 21 May 2015 16:09
Tesco has confirmed that it will look to recover former chief executive Philip Clarke's £1.2m pay-off if new evidence proves he the supermarket guilty of gross misconduct under his leadership.
Dragon Oil receives 735p takeover bid from Dubai's ENOC
Thu 21 May 2015 16:09
Dubai's national oil company, Emirates National Oil Company (ENOC), has agreed to acquire London and Ireland-listed Dragon Oil for £3.6bn.
Friday preview: US expected to fall further into deflation in April
Thu 21 May 2015 15:41
The US may have moved further into deflation in April compared to a year ago, according to forecasts ahead of data on Friday.
CVS to take over Omnicare in $12.7bn deal
Thu 21 May 2015 15:23
CVS Health Corporation, the US-listed drugstore giant, is to buy healthcare group Omnicare for $98 per share in cash, valuing the nursing home and pharmacy services company at $10.4bn.
Croda International spikes on bid chatter
Thu 21 May 2015 15:09
Shares in Croda International were inflated by bid speculation on Thursday with more than 0.25m shares in the chemicals group traded in a half-hour period.
Philly Fed Index declines in May
Thu 21 May 2015 14:53
The Philadelphia Federal Reserve's manufacturing index fell in May.
Ofgem launches investigation into Alkane and others over National Grid auction
Thu 21 May 2015 14:38
The UK energy regulator Ofgem has begun an investigation into five companies, including listed Alkane Energy, over concerns they "provided false or misleading information about planning consents" when bidding for National Grid contracts.
Shell to propose BG Group auditor EY as its new assessor
Thu 21 May 2015 14:31
Royal Dutch Shell, which is currently in the process of acquiring BG Group, will be recommending the latter's auditor Ernst & Young (EY) to shareholders as the Anglo-Dutch oil company's new auditor for the year ending 31 December, 2016.
Bwin.Party expects conclusion to takeover talks in coming weeks
Thu 21 May 2015 13:30
Online gambling company Bwin.Party Digital Entertainment, which has been the subject of takeover bids, said on Thursday that its discussions with third parties are now entering a further stage and it expects to reach a conclusion over the coming weeks.
BT makes further attack on Sky with HBO Game of Thrones download deal
Thu 21 May 2015 11:45
BT Group has signed a television partnership with 'Game of Thrones' producer HBO Home Entertainment whereby customers can download programmes 'for keeps'.
Investec lifts dividend after solid annual results
Thu 21 May 2015 11:21
Specialist bank and asset manager group Investec reported a sharp increase in annual operating profit from remaining operations, while customer deposits and loans also climbed strongly.
SSP Group interim profits soar 50% but analysts warn of challenges ahead
Thu 21 May 2015 10:33
Despite a 50% rise in half-year profits and a maiden interim dividend, shares in food outlet operator SSP Group were binned by investors on Thursday morning, as earnings were likely to be heavily second-half weighted.
Electra jumps after announcing interim dividend
Thu 21 May 2015 10:12
Investment group Electra Private Equity announced it will pay an interim dividend after its diluted net asset value grew in the first half of the year.
Inchcape starts 2015 in line with expectations but weak euro hits revenue
Thu 21 May 2015 10:12
Inchcape said it has started this year in line with expectations thanks to solid demand in its vehicles and aftersales businesses and growth across its markets, as it reported a 0.9% drop in revenue in the four months to the end of April due to a weak eur
HICL annual profit jumps on strong performance
Thu 21 May 2015 09:46
Investment group HICL Infrastructure Company reported a sharp increase in annual pre-tax profit, on the back of a strong performance across its portfolio.
Irish Times moves to protect brand from News UK's potential online product
Thu 21 May 2015 09:43
The Irish Times has started legal action against Rupert Murdoch's News UK following market rumours about the latter's intention to launch an online news product called The Times, Ireland.
Dairy Crest annual profits curdle but company remains confident
Thu 21 May 2015 09:19
Dairy food group Dairy Crest annual pre-tax profits plunged, dragged lower by the dairies division.
Rank Group deals winning hand in 2015
Thu 21 May 2015 08:46
Gaming company Rank Group remained confident of meeting its annual expectations, as a higher number of visitors drove revenue up.
CLS Holdings acquires office building in Bracknell
Thu 21 May 2015 08:29
Property investment group CLS Holdings has acquired the Reflex office building in the Berkshire town of Bracknell for £21.7m at an initial yield of 8%.
RSA completes sale of its Chinese business
Thu 21 May 2015 08:24
RSA Insurance Group has completed the sale of its Chinese business to Switzerland's Re Corporate Solutions.
Qinetiq impresses with dividend hike and 2016 outlook despite sales shortfall
Thu 21 May 2015 08:15
Although full-year sales from Qinetiq were slightly short of expectations, the defence and aerospace technology company brought investors around with a 17% hike in the dividend.
Keller buys net assets of GeoConstruction from Layne Christensen Company
Thu 21 May 2015 08:11
Engineer Keller Group has agreed to buy the net assets of GeoConstruction Group (Bencor) from Layne Christensen Company for a consideration of about $40m.
National Grid profit rises, but dividend disappoints
Thu 21 May 2015 07:57
Electricity and gas utility group National Grid hailed "another successful year" as it beat profit forecasts for the 12 months to 31 March, though investors were left underwhelmed with smaller-than-expected increase in the dividend.
Electrocomponents full-year profit drops; finance director to step down
Thu 21 May 2015 07:47
Electrocomponents, a global distributor of engineering products, disappointed with a drop in full-year profits, partly on the back of a subdued performance in the UK.
United Utilities reports rise in full-year profit
Thu 21 May 2015 07:19
United Utilities posted a rise in underlying profit for the year ended 31 March to £664.3m from £634.6m, on revenue of £1.7bn, up 1.9% from last year.
Smiths Group keeps outlook unchanged despite underlying weakness
Thu 21 May 2015 07:08
Technology outfit Smiths Group has reiterated guidance for full-year growth in spite of a weakening of underlying results over the first three quarters.
Booker surges on Londis, Budgens deal as it posts full-year profit growth
Thu 21 May 2015 07:08
Shares in food wholesaler Booker surged nearly 10% on Thursday after the company said it has signed an agreement to acquire the entire issued share capital of Musgrave Retail Partner, which comprises the Londis and Budgens businesses for £40m, and announ
Royal Mail delivers mixed bag as UK parcels disappoints but earnings hit forecast
Thu 21 May 2015 07:05
Royal Mail delivered a mixed bag of full year results with numbers bang in-line with expectations but lower than anticipated revenue from the core UK parcel business and continued caution about the highly competitive market.
Nanoco encouraged by European MP ban on competitors quantum dots
Wed 20 May 2015 16:04
Nanoco, the maker of fluorescent quantum dots for use in TVs and lighting, has been boosted by a European Parliament ruling to clamp down on quantum dots that contain toxic heavy metals.
Target first quarter results beat expectations
Wed 20 May 2015 15:35
US retail giant Target Corporation reported higher-than-expected first quarter earnings before the opening bell on Wednesday.
Blackstone to sell 25% Eircom stake to Anchorage
Wed 20 May 2015 15:31
US private investment banking company Blackstone has agreed to sell a 25% share in Ireland's Eircom to US hedge fund Anchorage Capital Group, Reuters said on Wednesday.
Co-op's turnaround plan remains on track
Wed 20 May 2015 15:19
The Co-operative Bank said its turnaround plan to de-risk its balance sheet and refocus on individual and small business customers is making good progress.
InterContinental Hotels completes Paris hotel sale
Wed 20 May 2015 15:15
InterContinental Hotels Group has completed the sale of InterContinental Paris - Le Grand to Constellation Hotels France Grand SA.
Thursday preview: Royal Mail to report flat annual revenue as letter volumes drag
Wed 20 May 2015 14:07
Royal Mail's full-year figures on Thursday are set to be weak as the letter delivery business drags on sales.
IAG chief "relaxed" about timing of Aer Lingus takeover bid
Wed 20 May 2015 14:02
Willie Walsh, chief executive of International Consolidated Airlines Group (IAG), on Wednesday said he is "perfectly relaxed" about the time it is taking to clinch a takeover deal with Aer Lingus.
Altice surges after buying controlling stake in Suddenlink
Wed 20 May 2015 13:28
Shares in French cable group Altice surged 7% on Wednesday after the company said it has agreed to buy 70% of US regional cable company Suddenlink Communications from existing shareholders BC Partners and Canada Pension Plan Investment in a $9.1bn deal.
Amino Technologies acquires Finland-based Booxmedia Oy in £5.6m deal
Wed 20 May 2015 12:34
Digital entertainment technology company Amino Technologies has completed the takeover of Finnish cloud-based platform Booxmedia Oy for €7.9m (£5.6m).
Clontarf Energy's 2014 losses narrow
Wed 20 May 2015 11:48
Oil and gas exploration company Clontarf Energy said on Wednesday that its pre-tax loss narrowed to £274,196 for 2014 from £3.2m the previous year.
Intermediate Capital proposes 300m pound capital return as AuM soars
Wed 20 May 2015 11:36
Strong full year results and news of on ongoing return of cash from asset manager Intermediate Capital impressed the market, with assets under management lifted 39% thanks to strong levels of fundraising.
Yahoo's shares plunge amid Alibaba tax fears
Wed 20 May 2015 10:41
Yahoo tried to calm investors on Wednesday after its shares slid nearly 8% the day before due to worries about a potential tax change that could affect the tech company's spin-off of its $40bn stake in Alibaba.
Pennon's full-year earnings rise; dividend up nearly 5%
Wed 20 May 2015 10:37
London-listed utility company Pennon reported a 0.9% rise in core full-year earnings to £411m, pointing to a strong focus on cost efficiency and higher profits at its Viridor recycling and waste unit.
Cable & Wireless annual profit rises
Wed 20 May 2015 10:06
Telecoms service provider Cable & Wireless Communications said it was still some way of realising the potential of the business, despite an encouraging performance across the board.
Britvic interim earnings sparkle but bubble burst by CFO retirement
Wed 20 May 2015 09:49
Although interim earnings at Britvic beat forecasts in the face of UK grocery deflation, the departure of the drinks company's finance director disappiointed investors.
International PPL expects net asset value to increase on declining bond yields
Wed 20 May 2015 09:39
Infrastructure investment group International Public Partnerships Limited expects its net asset value to have increased in the first quarter.
HSBC hits hurdle over ring-fencing plan, says Sky News
Wed 20 May 2015 09:33
HSBC's plans to segregate its UK retail banking operations have hit a fresh obstacle after regulators indicated that a prospective candidate for the division's chairmanship would be inegible for the role, according to Sky News.
CSR on track to meet annual goals after solid first quarter
Wed 20 May 2015 09:28
Chipmaker CSR said it was confident of meeting its annual expectations as trading in the first quarter of 2015 remained on track.
Allied Minds shares tumble after institutional placing
Wed 20 May 2015 09:18
Shares in Allied Minds, the science and technology company, were down more than 9% on Wednesday after a share placing.
Morgan Advanced Materials in line to meet annual expectations
Wed 20 May 2015 09:06
Morgan Advanced Materials said its annual trading expectations remained unchanged, following four months of mixed market conditions.
Zoopla achieves record first half revenue
Wed 20 May 2015 08:58
Online property group Zoopla reported record revenue in the first half as audience numbers grew.
Vodafone vibrating on Malone's messages about Liberty merger
Wed 20 May 2015 08:46
Shares in Vodafone have rung up gains on Wednesday after US telecoms tycoon John Malone, the owner of Liberty Global, dropped heavy hints about a potential merger.
Great Portland Estate full year profits rises on strong London demand
Wed 20 May 2015 08:40
Real estate investment trust Great Portland Estate reported higher returns and profits for the financial year, as the value of its portfolio soared.
Bank of Georgia first quarter profits jumps on lending increase
Wed 20 May 2015 08:07
Bank of Georgia reported a higher first quarter profit, driven by an increase in lending and by the acquisition of Privatbank.
Thomas Cook first half losses narrow, says it expects to resume dividend next year
Wed 20 May 2015 07:57
Tour operator Thomas Cook said on Wednesday that its dividend payment could resume next year as it reported a narrowing of its first-half operating loss to £220m from £283m, despite falling revenue.
SSE lifts dividend 2% but warns cover will fall due to "uncertainties"
Wed 20 May 2015 07:55
Profits and earnings crawled slightly higher at SSE in the full year as the utility company increased its dividend in line RPI inflation, but it warned dividend cover would fall due to the pressure of "significant uncertainties" on earnings.
Hargreaves Lansdown reports record inflows, but revenue headwinds persist
Wed 20 May 2015 07:53
Bristol-based financial services provider Hargreaves Lansdown reported a record level of inflows over the first four months of 2015, helped by strong new business and client retention.
Burberry slumps after warning over outlook
Wed 20 May 2015 07:09
Shares in luxury retailer Burberry slumped 5% after the company cautioned that it was seeing increased uncertainty in some of its markets and warned over the potential impact of currency movements.
Antofagasta cuts production guidance for 2015
Wed 20 May 2015 07:06
Chile-focused copper miner Antofagasta has scaled back its guidance for production this year by 15,000 tonnes.
Marks and Spencer returns to profits growth and announces share buyback
Wed 20 May 2015 07:06
After four years of trying, Marks & Spencer has finally increased its full year profits, lifting them 3.4% to £600m before tax.
Forex scandal costs UBS $545m
Wed 20 May 2015 06:25
UBS announced on Wednesday it had approved entering into resolutions with the US Department of Justice (DOJ), the Board of Governors of the Federal Reserve System and the Connecticut Department of Banking (CT DOB) in their investigation into the alleged r
JZ Capital Partners announces co-investment in Illumination Investments
Tue 19 May 2015 18:16
JZ Capital Partners announced a co-investment with Baird Capital Partners in Illumination Investments LLC, trading as Sloan LED, on Tuesday.
Peter Secker takes the reins at Bacanora Minerals
Tue 19 May 2015 15:48
Bacanora Minerals has appointed Peter Secker as its new chief executive, replacing Shane Shircliff, who will remain with the company as a non-executive director.
Intelligent Energy first half pre-tax loss widens
Tue 19 May 2015 15:38
Intelligent Energy said on Tuesday that its pre-tax loss in the six months to 31st March widened to £21.4m from £17.2m in the same period last year, as higher research and development costs offset a rise in revenue.
Zytronic's first half profit grows on strong touchscreen demand
Tue 19 May 2015 15:14
Zytronic reported a 15% rise in pre-tax profit for the first half of this year, on the back of increased demand for it touchscreen products in the ATM and vending machine market.
UK oil majors eyeing enhanced partnerships in Mexico, says Pemex official
Tue 19 May 2015 15:06
Blue chips BP, BG Group and Shell, along with midcap Premier Oil are eyeing further opportunities in Mexico as the country's drive to attract foreign direct investment and private sector participation in the oil and gas sector moves up a gear.
Asda like-for-like sales fall 3.9% as 'customers saving more income'
Tue 19 May 2015 14:30
Asda, the UK supermarket arm of US retail giant Wal-Mart, suffered a fall in like-for-like sales in the first quarter of its new financial year.
Wednesday preview: BoE publishes meeting minutes amid interest rate speculation
Tue 19 May 2015 14:12
The Bank of England publishes the minutes of its last policy meeting on Wednesday, with the focus likely to be on any further hints of the timing of an interest rate increase.
Topps Tiles surges after first half results
Tue 19 May 2015 13:49
Shares in Topps Tiles surged nearly 6% on Tuesday after the company posted a 13.8% jump in first-half pre-tax profit, driven by an increase in revenue.
Serco in talks to sell Indian division
Tue 19 May 2015 12:39
Struggling outsourcing group Serco is on the verge of completing the sale of its Indian unit to CVC Capital Partners for approximately £250m.
WPP buys majority stake in sports marketing agency Two Circles
Tue 19 May 2015 11:13
Advertising giant WPP has acquired a majority stake in sports marketing agency Two Circles.
BTG's annual profit falls as acquisitions and foreign exchange movements offset revenue growth
Tue 19 May 2015 10:49
Healthcare company BTG reported a drop in pre-tax annual profit, reflecting investments, acquisitions and foreign exchange movements.
Entertainment One's interim profit rises on lower costs
Tue 19 May 2015 10:24
Film and TV content producer Entertainment One posted an increase in annual pre-tax profit on the back of lower costs and improved margins.
Victrex first half pretax profit jumps 10%
Tue 19 May 2015 09:52
Victrex posted a 10% rise in pretax profit to £53.9m for the first half of this year, on revenue of £130.3m, up from £120m in 2014, as a strong performance in its polymer solutions offset lower sales to its oil and gas customers.
DCC jumps on strong annual results
Tue 19 May 2015 09:46
Support services group DCC reported a bigger-than-expected increase in annual earnings and said it was confident to achieve "very significant" profit growth in the current financial year.
Greencore first half profit and revenue rise despite difficult UK market
Tue 19 May 2015 09:37
Food group Greencore encouraged with news that operating profit had been lifted by growth in the food to go market, despite the difficult retail environment in the UK.
Paragon Group's interims boosted by new product launches
Tue 19 May 2015 09:24
New product launches and an increase in buy-to-let lending drove first half pre-tax profit higher at specialist lender Paragon Group of Companies.
Moneysupermarket plunges as co-founder sells 20m shares
Tue 19 May 2015 08:54
Shares in Moneysupermarket.com fell almost 6% early on Tuesday, as the co-founder of the financial service provider sold 20m shares, representing approximately 3.7% of the company's capital.
Aveva profits fall 21% as oil and gas decline hits
Tue 19 May 2015 08:38
With bidders circling, engineering software group Aveva reported what it said was a resilient performance in difficult markets with revenue and profit hitting reduced expectations.
Big Yellow Group annual profits rises on higher occupancy and prices
Tue 19 May 2015 08:33
Self storage provider Big Yellow Group saw its annual pre-tax profit rise, with revenue boosted by higher prices and improved occupancy rate.
Shell receives EUR464m bid from DCC for LPG business
Tue 19 May 2015 08:27
Oil giant Shell is in exclusive talks with support services group DCC to sell its Butagaz liquefied petroleum gas business in France.
HomeServe to pay special dividend as revenue and profit rise
Tue 19 May 2015 08:13
Repair and insurance company HomeServe said on Tuesday that it will pay its shareholders a special dividend of 30p per share in July, as it posted an adjusted pretax profit of £85.4m from £84.1m last year.
Crest Nicholson on track to meet annual expectations after strong first half
Tue 19 May 2015 08:12
Housebuilder Crest Nicholson Holdings reported strong trading in the first six months of its financial year, buoyed by higher selling prices and an improved sales per outlet ratio.
Plus 500 could lose half of UK customers says broker
Tue 19 May 2015 08:01
After online broker Plus500 suspended more than half of its UK customer accounts due to new anti-money-laundering checking processes, its house broker has assumed between a third and half of customer could leave.
Elementis CEO to step down in 2016
Tue 19 May 2015 07:57
Elementis chief executive David W. Dutro will step down from his role in 2016, the specialty chemicals company said on Tuesday.
ICAP full year profit drops 21%; expects headwinds to continue
Tue 19 May 2015 07:50
UK interdealer broker ICAP reported a 21% drop in pretax profit on Tuesday to £95m, saying it continues to expect near-term headwinds as the pick-up in market activity remains episodic.
Land Securities' full year profit surges
Tue 19 May 2015 07:07
British property developer Land Securities reported a rise in full-year pre-tax profit on Tuesday to £2.42bn from £1.1bn last year, driven by a valuation surplus of £2.04bn that includes the company's proportionate share of subsidiaries and joint ventu
Vodafone returns to organic reveue growth but Project Spring disappoints
Tue 19 May 2015 07:07
Final results from Vodafone showed a return to organic growth in the fourth quarter, with organic service revenue up 0.1%, beating consensus forecasts, but an expected profits bounce from its massive Project Spring investment were largely dashed.
BT urges CMA to fast-track investigation on EE deal
Mon 18 May 2015 15:57
Telecoms giant BT has asked the Competition and Markets Authority (CMA) to move onto a full investigation of its £12.5m takeover bid for UK mobile network operator EE from Orange and Deutsche Telekom.
Avacta Group surges on Moderna deal
Mon 18 May 2015 15:31
Shares in Avacta Group surged over 25% on Monday, after the proprietary diagnostic tools provider said it had reached a deal with biotech group Moderna Therapeutics.
Spain's Sabadell given EU clearance for TSB acquisition
Mon 18 May 2015 15:27
The European Commission gave Spanish lender Banco Sabadell clearance on Monday for its £1.7bn acquisition of TSB.
Tuesday preview: UK inflation to come in flat for April, according to forecasts
Mon 18 May 2015 15:08
The UK's consumer price index registered zero growth in April compared to a year ago, according to forecasts ahead of the report on Tuesday.
Future's interim pre-tax loss narrows, CFO to step down
Mon 18 May 2015 14:57
Media company and digital publisher Future reported a narrower pre-tax loss in the first half of the year, thanks to impairment charges not recurring.
Ann Inc jumps on $2bn takeover offer from AscenaRetail
Mon 18 May 2015 14:31
Shares in Ann Inc jumped 21.6% ahead of the bell on Monday after the women's apparel retailer received a takeover offer from sector peer AscenaRetail Group worth $2bn.
Plus 500 shares sink after suspending some accounts
Mon 18 May 2015 14:20
Shares in Plus 500 plummeted on reports it has suspended some accounts pending verification that they meet UK anti-money laundering regulations.
Schroder Real Estate acquires St John's Retail Park in Bedford
Mon 18 May 2015 13:57
Investment fund Schroder Real Estate Investment Trust (SREIT) has completed the acquisition of St John's Retail Park in Bedford for £31.8m.
Unilever hits carbon-saving milestone
Mon 18 May 2015 13:23
Unilever said on Monday that it has reached a new milestone of 1 million tonnes of CO2 savings since 2008 in its manufacturing network.
Hikma Pharmaceuticals under pressure as founder dies
Mon 18 May 2015 13:14
Shares in Hikma Pharmaceuticals were under pressure on Monday, down 2% after the company said its founder and major shareholder, Samih Darwazah, passed away last Friday at the age of 85.
Fidelity and Threadneedle buy shares in Cellnex
Mon 18 May 2015 12:33
Investment funds Fidelity International and Threadneedle Investment Services announced on Monday they had become shareholders of Cellnex, a subsidiary of European telecom giant Abertis.
Fitch preparing to downgrade dozens of European banks, according to Handelsblatt
Mon 18 May 2015 12:08
European banks were in focus on Monday, after German newspaper Handelsblatt reported that Fitch Ratings is preparing to downgrade several institutions in the region as early as this week.
Ireland's Endo to buy Par Pharmaceuticals for $8.05bn
Mon 18 May 2015 12:02
Ireland's Endo International plc announced on Monday it will acquire generic drugmaker Par Pharmaceutical from US Texas-based private equity firm TPG Capital in a deal worth $8.05bn.
Thorntons' CEO Jonathan Hart to step down
Mon 18 May 2015 10:29
Confectionery retailer Thorntons has announced its chief executive officer, Jonathan Hart, will resign from his position on 27 June.
AstraZeneca to invest £182m to expand drug plant in Sweden
Mon 18 May 2015 10:07
Biopharmaceutical giant AstraZeneca has announced it will invest £182m to expand biotech drug manufacturing in Sweden.
BHP Billiton shares drop as South32 spin-off gets lukewarm reception in trading debut
Mon 18 May 2015 10:00
Shares in miner BHP Billiton fell 5% on Monday as the company's spin-off South32 started trading on the Australian Stock Exchange with a market value of nearly $9bn, at the lower end of analysts' forecasts.
Blinkx plunges after swinging to pre-tax loss
Mon 18 May 2015 09:06
Shares in Blinkx plunged almost 8% early on Monday, after the internet media firm swung to an annual pre-tax loss.
Kromek jumps after winning four new contracts
Mon 18 May 2015 08:40
Shares in Kromek jumped over 5% early on Monday, after the radiation detection technology company said it had won multiple contracts worth a combined $982,000 (£626.8m).
888 enters race to buy Bwin
Mon 18 May 2015 08:28
Online gaming group Bwin.Party Digital Entertainment confirmed it has received a cash and shares bid from sector peer 888 Holdings.
Cranswick sales hit record £1bn but profit dented by charges
Mon 18 May 2015 08:09
Pork and poultry specialist Cranswick posted a drop in statutory pre-tax profit on Monday to £52.8m for the year ended March 31st, from £54.8m in 2014.
Mitie reports broadly flat pre-tax annual profit on back of restructuring
Mon 18 May 2015 08:09
Mitie reported a 0.7% increase in annual pre-tax profit to £114.1m as the British outsourcing and energy services company underwent a major restructuring.
Kennedy Wilson secures deal with Bank of Ireland
Mon 18 May 2015 08:06
Property group Kennedy Wilson Europe Real Estate has signed a 25-year agreement with the Bank of Ireland to lease the Baggot Plaza site in Dublin.
Inmarsat delays Global Xpress Launch
Mon 18 May 2015 07:40
Inmarsat said on Monday that it has delayed the launch of its Global Xpress satellite following the launch failure of another rocket at the weekend. The company expects this to have a small negative impact on 2015 revenue and earnings.
Babcock pre-tax profit storms ahead, boosted by acquisitions, contract wins
Mon 18 May 2015 07:31
Babcock posted a 47% rise in pre-tax profit for the year ended March 31st 2015 on Monday, to £313.1m from £218.8m, with revenue up 37% on the year at £4.5bn.
Fresnillo reiterates production guidance with upbeat outlook
Mon 18 May 2015 07:19
Precious metals producer Fresnillo said it remains on track to hit its output guidance in 2015 after a strong start to the year following a "challenging" 2014.
Rio Tinto could sell $1bn of aluminum assets
Mon 18 May 2015 07:06
British-Australian multinational metals and mining giant Rio Tinto could sell its Pacific Aluminum (PacAl) business in a deal that could be valued at $1bn, the Financial Times reported on Sunday.
888 puts in bid for Bwin.Party
Sun 17 May 2015 12:15
Online gaming company 888 Holdings has made a bid for sector peer Bwin.Party, according to reports.
Aveva takeover looms as bidders Schneider, Emerson and GE circle ahead of results
Sun 17 May 2015 10:12
Aveva, which designs engineering software used in the oil and gas industry, is being eyed up by several potential bidders, according to reports.
Scottish power breaks records with fourth quarter complaints
Fri 15 May 2015 16:58
Scottish Power has received the highest number of quarterly complaints ever recorded, according to data from Citizens Advice.
Baron Oil surges on Peruvian seismic services deal
Fri 15 May 2015 16:31
Shares in Baron Oil rose almost 6% on Friday, after the oil and gas explorer said one of its subsidiaries agreed a seismic services contract with Houston-based GSS for a project in Peru.
Netflix in negotiations to enter Chinese market
Fri 15 May 2015 15:28
Internet TV network Netflix has reportedly opened talks with Chinese online broadcasting groups to enter the country's on-demand streaming market.
Next confirms former finance director departure
Fri 15 May 2015 12:31
David Keens has left Next, just over a month after stepping down from his role as the UK clothing giant's finance director.
Bwin.Party takeover talks continue, GVC confirms audacious attempt for FTSE 250 rival
Fri 15 May 2015 11:50
Online gaming group bwin.party digital entertainment confirmed it has received several merger and acquisition (M&A) proposals, including an audacious attempt by AIM-listed GVC Holdings to acquire its much larger rival.
Green REIT acquires property in Cork for EUR58m
Fri 15 May 2015 11:17
Real estate investment trust Green REIT has agreed a deal to acquire an office building in Cork for up to €58m (£41.9m).
Brammer plunges on profit warning
Fri 15 May 2015 09:58
Shares in Brammer plunged over 10% on Friday, after the industrial maintenance products distributor warned first half profits will be lower.
IPP consortium chosen for North Sea project
Fri 15 May 2015 09:08
A consortium including International Public Partnerships has been chosen as preferred bidder for a North Sea wind energy project, the investment company said on Friday.
Ofcom demands BT open up business broadband network
Fri 15 May 2015 08:58
The UK telecoms regulator Ofcom has set out new proposals to weaken the hold of BT on the business broadband market.
Caza plunges as revenue is hit by lower oil and gas prices
Fri 15 May 2015 08:34
Shares in Caza Oil & Gas fell over 7% on Friday, after the oil and gas producer said its first quarter revenue fell sharply because of a decline in gas and oil prices.
Highcroft Investment acquires Cambridgeshire retail park
Fri 15 May 2015 08:05
Real estate investment trust Highcroft Investment said one its subsidiaries, Rodenhurst Estates, has acquired BL and its wholly owned subsidiary Belgrave Land for £8.5m.
Barclays facing possible fine over LIBOR settlement breach
Fri 15 May 2015 07:55
Barclays may be facing a second fine in connection to its June 2012 settlement with US authorities over the alleged rigging of the main interbank lending rate, known as the London Interbank Offered Rate or LIBOR.
Intertek suffers mixed conditions ahead of CEO departure
Fri 15 May 2015 07:45
Product testing and quality certification group Intertek said it traded in line with expectations in the first four months of 2015 amid continued weakness in oil, gas and minerals spending but good growth elsewhere.
Bovis boosts dividend plans after solid start to 2015
Fri 15 May 2015 07:32
Having made a good start to the year, with forward sales 8% of the same time last year, Bovis Homes Group has hiked its dividend plans for the full year.
SABMiller snaps up London brewer Meantime to tap into craft beer trend
Fri 15 May 2015 07:22
SABMiller has agreed a deal to buy London-based craft brewer Meantime Brewing Company for an unspecified sum as it looks to diversify from its mainstream beer brands.
Coca-Cola HBC sales beat forecasts despite emerging-market FX drag
Fri 15 May 2015 07:10
Coca-Cola HBC (CCH), the second-largest Coca-Cola bottler in the world in terms of volume, beat forecasts slightly with an unexpected increase in first-quarter sales.
Saga finance chief to retire
Fri 15 May 2015 07:08
Saga's finance chief, Stuart Howard, will retire from his post and step down from the board of directors effective 23 June, following the conclusion of the company's annual general meeting.
New Look agrees takeover by South African tycoon Wiese's Brait
Fri 15 May 2015 07:01
UK fashion chain New Look, which was planning a flotation in London, has instead agreed to a £780m takeover by Brait, the private equity vehicle of South African retail tycoon Christo Wiese.
Vedanta reports wider full-year loss on $4.5bn writedown
Thu 14 May 2015 17:41
Vedanta Resources revealed a substantially wider full-year net loss as a result of a writedown of its oil and gas business, reflecting weaker oil prices.
Lloyds could return to private hands within a year
Thu 14 May 2015 16:59
Lloyds Banking Group could be fully returned to private hands in the next year, according to chairman Normal Blackwell.
Friday preview: Coca-Cola HBC to steal the spotlight on quiet day
Thu 14 May 2015 16:08
Friday is set to be a relatively quiet session in terms of economic data and corporate earnings after a busy few days for financial markets, so a trading update from blue-chip bottler Coca-Cola HBC is likely to garner some attention.
Marston's serves up solid interims thanks to pub estate restructuring
Thu 14 May 2015 14:56
Pub operator Marston's reported a narrowed pre-tax interim loss on the back of improved sales, proving the efficiency of its business plan.
Private equity giant TPG nears Poundworld takeover
Thu 14 May 2015 14:30
The discount boom in the UK retail market is expected to accelerate as US private equity behemoth TPG closed in on the £150m acquisition of Poundworld on Thursday, with plans to expand the store footprint across the country.
SIG sales hurt by general election uncertainty and weak euro
Thu 14 May 2015 13:59
SIG, the supplier of insulation, roofing, commercial interiors and construction products, posted a fall in sales during the first quarter of the year due to foreign exchange movements but said the UK construction market remains robust.
BP appoints ex-MI6 chief Sir John Sawers
Thu 14 May 2015 12:48
Former UK secret intelligence service M16 head Sir John Sawers joined BP as a non-executive director on Thursday.
Melrose on track to hit annual targets despite weak generator demand
Thu 14 May 2015 11:46
Industrial engineering company Melrose Industries upheld its positive outlook on Thursday, as its gas, electricity and water metering trade offset weak demand in its electricity generation arm.
Riverstone energy makes quarterly loss, net asset value lower
Thu 14 May 2015 11:18
Riverstone Energy revealed a dip in net asset value per share on Thursday as it made a loss in the first quarter.
Rathbone retains positive outlook for 2015 after solid first quarter
Thu 14 May 2015 10:59
Investment and wealth management services Rathbone Brothers saw its total funds under management rose in the first quarter, although the pace of investment returns slowed down.
Mitchells & Butlers posts strong first half on improved consumer confidence
Thu 14 May 2015 10:45
Pub group Mitchells & Butlers, operator of Harvester, All Bar One, Nicholson's and O'Neill's, reported strong sales during the first half of the year, helped by a more favourable UK consumer environment.
Balfour Beatty to continue investing in transformation programme
Thu 14 May 2015 10:41
Construction and support services company Balfour Beatty will continue to develop its 'Build to Last' transformation programme, the company said on Thursday.
Grainger interims hit by one-off costs
Thu 14 May 2015 10:22
Several one-off costs saw interim pre-tax profit decline at residential company Grainger.
Telefonica's first quarter net profit up 162% on UK divestment
Thu 14 May 2015 10:21
Spanish telecom giant Telefonica, Europe's second-largest phone company, saw its net profit jump 162% to €1.8 billion following a one-off financial boost from the recent sale of 02 - its UK mobile division - to BT.
Brewin Dolhpin sells stocktrade business to Alliance Trust for £14m
Thu 14 May 2015 10:09
Brewin Dolphin has sold its stocktrade business to Alliance Trust Savings for £14m.
Restaurant Group posts rise in sales with portfolio expansion plans on track
Thu 14 May 2015 10:01
The Restaurant Group, owner and operator of Garfunkel's, Frankie & Benny's and Chiquito brands, has posted an 8.5% rise in headline sales for the 19 weeks to 10 May.
Euromoney warns of challenging market conditions
Thu 14 May 2015 09:52
Media group Euromoney Institutional Investors said challenging market conditions were likely to continue.
TalkTalk rings up higher growth targets for 2017
Thu 14 May 2015 09:50
TalkTalk, the FTSE 250 telecoms group, raised its growth targets for 2017 after posting 4.2% growth in full year turnover as revenues accelerated in the fourth quarter.
Kennedy Wilson secures Madrid property in €30m deal
Thu 14 May 2015 09:38
Property group Kennedy Wilson Europe Real Estate has acquired a retail property in Madrid for €30m (£21.7m).
Vesuvius still expects to meet forecasts despite falling revenues in first quarter
Thu 14 May 2015 09:17
Metal flow engineering group Vesuvius said on Thursday that, despite a decline in revenues during the first quarter of the year, it expects full-year results to be in line with market expectations.
Hikma confident for full year as injectables and generics start well
Thu 14 May 2015 09:12
Hikma Pharmaceuticals said it had enjoyed a good start to the year and said revenues at its Injectables division would remain at a similar level to last year's but with a slight decline in operating profit margins.
3i posts strong annual results but warns of 'increased volatility' in the market
Thu 14 May 2015 08:49
Investment manager 3i Group said all its businesses had performed well in the year to end of March, although it warned of currency volatility across many financial markets.
Weaker US market, European project delays dent Keller's financials
Thu 14 May 2015 08:32
Engineering company Keller Group said a slow construction market in the US, intense competition in the Middle East and project delays have hurt profits and revenues during the last quarter.
Old Mutual confident for 2015 despite mixed first quarter results
Thu 14 May 2015 08:14
Insurance and banking group Old Mutual reported mixed first quarter results, with gross sales ahead of consensus but with net client cash flows lower than expectations.
Legoland and Madame Tassauds owner Merlin Entertainment boosted by weather and currencies
Thu 14 May 2015 07:46
Alton Towers, Madame Tassauds and Blackpool Tower owner Merlin Entertainments said it delivered a "satisfactory" start to 2015, boosted by favourable weather in Europe and helpful currency movements.
ITV advertising revenues ahead of target as staff strike begins, second quarter to be slower
Thu 14 May 2015 07:24
As staff staged a 24-hour strike over pay with a protest at the broadcaster's annual shareholder meeting, ITV reported net advertising revenue ahead of guidance during a "strong" first quarter but warned of a slower second quarter.
Aggreko revenues up but uncertainty in Libya and Yemen persists
Thu 14 May 2015 07:17
Underlying revenues grew 4% in the first quarter at power solutions provider Aggreko, as a strong dollar helped balance a slowdown in North America and Asia Pacific.
British Land annual profits improve in "positive market"
Thu 14 May 2015 07:06
Property development and investment giant British Land met forecasts with a small increase in profits in the year ended 31 March, helped by a "positive market".
Gatwick oil explorer has prospection licence renewed
Wed 13 May 2015 16:46
UK Oil and Gas Investments (UKOG), the AIM-listed independent oil explorer made infamous for its bold claim of having found 100bn barrels of oil close to Horse Hill near Gatwick airport, announced on Wednesday that its exploration licence for the site had
Air Partner shares take off after £1.2m deal with Cabot Aviation
Wed 13 May 2015 16:29
Aviation services group Air Partner has reached a deal to acquire aircraft re-marketing broker Cabot Aviation for £1.2m.
Co-operative's new CEO blames past mismanagement for troubles in the bank
Wed 13 May 2015 16:22
Co-operative Group's chief executive Richard Pennycook said on Wednesday that the company was let down by mismanagement in past.
General Electric set to sell $5bn Japan commercial-finance operation
Wed 13 May 2015 15:52
Infrastructure and financial services giant General Electric has announced it will sell its $5bn (£3.2bn) Japanese commercial-finance division.
Europa Oil & Gas leaps after Irish field upgraded
Wed 13 May 2015 15:26
Shares in Europa Oil & Gas popped higher on the heels of fresh estimates for the resources in place in the area covered by its FEL 3/13 license area offshore West Ireland.
Xtract Resources jumps on new gold discovery in Chile
Wed 13 May 2015 15:15
Shares in Xtract Resources jumped over 7% on Wednesday, as the exploring company said it had found a small but "significant" concentration of gold near the surface at its Chepica mine in Chile.
Arria NLG wins pilot agreement from global financial group
Wed 13 May 2015 15:12
Arria NLG, which owns technology that can transform large sets of data into manageable reports, has been signed up for a pilot contract with the UK arm of a large financial services company.
Produce Investments shares mashed by potato salad contamination drama
Wed 13 May 2015 15:09
Shares in potato and daffodil grower Produce Investments (PIL) were hit after traces of metal were found in a potato salad made by one of its subsidiaries.
Centrica to buy more gas from Statoil and Gazprom under supply deals
Wed 13 May 2015 14:45
British Gas owner Centrica has extended two gas supply agreements, increasing the volume of gas it is buying from both Statoil and Gazprom.
Vertu Motors posts strong maiden results driven by expansion of the new cars market
Wed 13 May 2015 13:57
UK automotive retailer Vertu Motors saw its full-year revenues and profits rise on Wednesday thanks to an increase in customers and strong sales of used cars.
Thursday preview: British Land to report strong annual results, says UBS
Wed 13 May 2015 13:39
British Land is expected to report strong annual results, driven by rising capital values and increasing investment in UK real estate.
Mitie to face HMRC talks over minimum wage allegations
Wed 13 May 2015 12:51
Outsourcing services group Mitie has been called up by the HMRC to answer allegations the company has not been paying care worker staff the UK minimum wage in England and Wales.
Toyota and Nissan recall 6.5m cars following faulty airbags investigation
Wed 13 May 2015 11:18
Japanese car manufacturers Toyota and Nissan are recalling 6.5m cars to replace potentially faulty airbag inflators made by Takata.
Vedanta appoints new CEO to its power division
Wed 13 May 2015 09:54
Ajay Dixit has been appointed as the new chief executive of Vedanta's power operations, the natural resource company confirmed on Wednesday.
New World Oil & Gas surges as accidental takeover story from 'Chris Oil' rumbles on
Wed 13 May 2015 09:23
Shares in UK oil exploration minnow New World Oil & Gas were up over 100% on Wednesday morning as the story of the company's "accidental takeover" by the son of a country B&B owner rumbled on.
Wood Group expects annual earnings to be in line with expectations
Wed 13 May 2015 09:03
Oil and gas service company John Wood Group reported an expected decline in overall performances in 2015.
Renishaw third quarter profit jumps as revenue in Asia soars
Wed 13 May 2015 08:44
Metrology group Renishaw reported a jump in third quarter profit, on the back of strong revenue growth in all of its markets.
TUI sets new course for profit growth after balmy first half
Wed 13 May 2015 08:40
Continuing strong demand for overseas holidays and ever-increasing booking made online have led to strong interim gains at TUI, with the Anglo-German travel behemoth setting new guidance for delivering at least 10% earnings growth over the next three year
Galliford Try on track to meet expectations after solid start to 2015
Wed 13 May 2015 08:14
Housebuilding group Galliford Try said business had been strong across all of its division so far in 2015.
Hansteen sells property trust for £192m
Wed 13 May 2015 08:04
Property investment group Hansteen Holdings has completed the sale of its UK Industrial Property Unit Trust II for £192.1m.
Mondi shares hit all-time high after profit surge in first quarter
Wed 13 May 2015 07:47
Shares in Mondi surged by a tenth on Wednesday after the paper and packaging company impressed investors with a big jump in profits in the first quarter.
Premier Oil's exploration programme on track as firm cuts costs
Wed 13 May 2015 07:47
Premier Oil's exploration and drilling programme was on track as of 30 April and the firm continued to enjoy significant liquidity.
Expansion of Sukari proceeding as scheduled, Centamin says
Wed 13 May 2015 07:44
Gold miner Centamin saw gold output fall in the first quarter due to lower open pit grades as the company continued to expand its open-pit development at Sukari, its main producing asset.
SABMiller beats forecasts as China returns to growth in fourth quarter
Wed 13 May 2015 07:19
Full year profits from brewer SABMiller were higher than market expectations as margins improved in all regions apart from Africa and China returned to growth during the last three months of the year.
Compass Group's full-year guidance unchanged after first half earnings gain
Wed 13 May 2015 07:14
Catering company Compass Group said its full-year guidance remains "positive and unchanged" as it reported an increase in first half earnings.
Barratt Developments hoists sales and profit expectations after strong third quarter
Wed 13 May 2015 07:11
Thanks to strong consumer demand for new build houses and expectations of a supportive government policy post-election, housebuilder Barratt Developments has raised its expectations for housing completions and profits for the full year.
Admiral's chief executive steps down
Wed 13 May 2015 07:05
Admiral Group's chief executive Henry Engelhardt is stepping down in a year's time, the motor insurance company announced on Wednesday.
Severn Trent sells off loss-making water purification unit
Wed 13 May 2015 07:03
UK water group Severn Trent is to offload its loss-making water purification business to its joint venture partner Industrie De Nora.
Wednesday preview: BoE Inflation Report, UK jobs data, SABMiller annual results
Tue 12 May 2015 15:08
Bank of England Governor Mark Carney delivers the Quarterly Inflation Report on Wednesday, potentially shedding some clues on the timing of an interest rate hike.
Anite expects full-year revenue, profits to be in line with expectations
Tue 12 May 2015 14:39
Software and hardware provider Anite said its full-year results will be in line with expectations thanks to a strong final quarter.
BHP sees lower than expected Western Australia cash costs
Tue 12 May 2015 14:04
On Tuesday, Australian iron ore miner BHP Billiton reiterated it was committed to its progressive dividend policy and on track to deliver on its target for growth in copper production volumes.
Hikma Pharmaceuticals launches caffeine citrate injection
Tue 12 May 2015 13:41
Hikma Pharmaceuticals on Tuesday launched a caffeine citrate injection to treat apnea resulting from prematurity in infants of between 28 and 33 weeks of gestational age.
Verizon launches $4.4bn takeover of AOL in ad technology and mobile video push
Tue 12 May 2015 12:03
US telecommunications giant Verizon Communications has launched a $50 per share all-cash offer for AOL as part of a push into content and mobile video.
Vitec Group's first-half to be lower than expected
Tue 12 May 2015 11:47
Broadcast and photographic products and services provider Vitec Group said its first-half results will lower than previously expected due to challenging market conditions.
Cape confident on annual targets, warns about volatility
Tue 12 May 2015 11:31
Industrial services provider Cape remained confident of meeting its annual expectations after putting in a solid performance in the first quarter.
Avanti reports increase in revenue as trading remains strong
Tue 12 May 2015 10:36
Satellite data communication provider Avanti Communications Group said it was trading in line with annual expectations.
Highlands Natural Resources agrees acquisition of re-fracking technology
Tue 12 May 2015 10:28
Highlands Natural Resources, which floated on London's main market as a cash shell in March, is close to making its first acquisition and has bought a majority share of a 're-fracking' technology company.
Tribal Group plunges as CEO announces departure
Tue 12 May 2015 10:10
Keith Evans will step down from his role as chief executive officer of Tribal Group at the end of next month, the provider of software and services for education management confirmed on Tuesday.
International PPL increases debt facility
Tue 12 May 2015 09:38
Investment group International Public Partnerships (INPP) said it had increased the size of its debit facility from £175m to £300m.
Capita holds steady despite encouraging start and CLCH contract win
Tue 12 May 2015 09:22
After an "encouraging start" to the year, business outsourcing group Capita said had won £1.2bn of new contracts and remained on track to hit full year targets.
Spire Healthcare reiterates annual guidance after strong start to 2015
Tue 12 May 2015 09:10
Hospital owner Spire Healthcare Group said it had traded in line with expectations in the first quarter and reiterated its annual guidance.
Genus revenues and profits in line with full-year expectations
Tue 12 May 2015 09:06
Animal genetics company Genus said in a brief trading update on Tuesday that is has been performing well during the first months of the year.
CLS Holdings confident of building on strong start to 2015
Tue 12 May 2015 08:48
Investment group CLS Holdings said it had made a strong start to 2015, boosted by lower cost of borrowings and steady occupational demand.
3i infrastructure updates return target following sale of Eversholt Rail, full-year profits jump
Tue 12 May 2015 08:28
Investment company 3i Infrastructure said the sale of the freight rolling Eversholt Rail helped its full-year returns to increase at its highest level since its initial public offering (IPO) in 2007.
Interserve reiterates annual guidance as trading is in line with expectations
Tue 12 May 2015 08:27
Support services and construction group Interserve reiterated its full-year guidance on the back of a strong start to 2015.
Government lowers Lloyds stake below 20% with £500m share sale
Tue 12 May 2015 08:14
UK Financial Investments, the holding company which controls the government's stakes in bailed-out lenders Lloyds and RBS, has taken its stake in Lloyds to below 20%.
Al Noor Hospitals first quarter trading in line with expectations
Tue 12 May 2015 08:09
Private healthcare service provider Al Noor Hospitals Group has performed in line with expectations in the first three months of 2015.
James Fisher acquires X-Subsea Holdings
Tue 12 May 2015 08:01
James Fisher scooped up the Aberdeen-headquartered manufacturer of undersea dredging equipment X-Subsea Holding.
Enterprise Inns serves up interims, plans to grow managed and free-of-tie businesses
Tue 12 May 2015 07:50
As it poured out first half results that measured up to targets, pubs group Enterprise Inns impressed the market with plans to increase direct management of pubs and grow its commercial property business.
Grafton sales growth limited by margin pressures
Tue 12 May 2015 07:44
Builders merchant and DIY group Grafton Group has had a positive start to the year, though margin pressures in its UK business partially offset top-line growth.
Delhaize and Ahold confirm talks to create European grocery giant
Tue 12 May 2015 07:40
Merger talks between Dutch grocer Ahold and Belgian rival Delhaize have confirmed, in a potential deal that would could create a European supermarket powerhouse worth around €23bn.
Shell gets US approval for Arctic drilling
Tue 12 May 2015 07:39
Royal Dutch Shell has received approval to drill for oil and gas in the US Arctic from the country's Bureau of Ocean Energy Management (BOEM).
Just Retirement reports sharp third quarter drop in total annuities
Tue 12 May 2015 07:36
Over the first three months of 2015 Just Retirement Group saw a sharp drop in the number of total annuities.
Hiscox buoyed in first quarter by performance of US unit
Tue 12 May 2015 07:32
Insurance group Hiscox saw gross premiums rise by 12% to reach £561.7m in the first quarter of 2015, led by the performance put in by its US operations.
Experian enjoys returns to organic growth on US consumer bounce
Tue 12 May 2015 07:14
Experian finished its self-imposed "year of transition" on a high as it returned to organic revenue growth in the fourth quarter, celebrating by paying a second interim dividend.
Delhaize confirms merger talks with Ahold to create European grocery giant
Tue 12 May 2015 07:08
Merger talks between Dutch grocer Ahold and Belgian rival Delhaize have been confirmed, in a potential deal that would could create a European supermarket powerhouse worth around €23bn.
Easyjet swings to first-half profit, but full-year outlook tough
Tue 12 May 2015 06:52
Budget airline Easyjet met guidance after swinging to a small profit in the first half, though it faces tougher conditions in the latter part of the year.
Parity Group secures contract with Scottish government
Mon 11 May 2015 16:38
Recruitment and business group Parity Group said it has secured a three-year contract with the Scottish government.
Sound Oil in negotiations to secure Moroccan licence
Mon 11 May 2015 16:13
Oil and gas explorer Sound Oil said it has been granted a month-long exclusivity period during which it could acquire a stake on the Tendrara licence in Morocco.
Vipera rises £2.7m in share placing
Mon 11 May 2015 15:30
Mobile financial-services solution provider Vipera has raised £2.7m in a share placing.
Tuesday preview: Easyjet reports first half interims
Mon 11 May 2015 15:30
Easyjet is expected to swing to a first-half profit on the back of higher revenues as passenger numbers increased and the company benefitted from the drop in fuel prices.
Noble Energy snaps up Rosetta Resources for $2.1bn
Mon 11 May 2015 14:59
Shares in Nasdaq-listed Rosetta Resources surged on Monday after the oil and gas group received a $2.1bn takeover offer from Noble Energy, giving the latter its first footprint in the highly prospective Eagle Ford and Permian assets.
NetScientific appoints new CEO
Mon 11 May 2015 14:41
Biomedical and healthcare group NetScientific appointed François Martelet as its new chief executive and board director.
DoJ declined to prosecute Citigroup on LIBOR rigging
Mon 11 May 2015 14:07
The Department of Justice (DoJ) declined to prosecute on charges that it tried to rig the London Interbank Offered Rate (LIBOR), Citigroup said in a quarterly filing with the US stock market regulator, the SEC.
Finsbury Growth outperforms benchmark in first half
Mon 11 May 2015 14:03
Investment trust Finsbury Growth & Income Trust said it outperformed its benchmark in the first half of its financial year.
HSS Hire Group acquires heating and air conditioning company for £11.4m
Mon 11 May 2015 13:50
HSS Hire, a tool and equipment-hire company, has acquired the heating, ventilation and air-conditioning (HVC) hire group All Seasons for £11.4m.
CMA could refer Greene King bid for Spirit for a second investigation
Mon 11 May 2015 12:44
The Competition and Markets Authority has said that Greene King's bid for sector peer Spirit Pub Company will be referred for an in-depth phase II investigation, unless acceptable undertakings are offered.
Tesco to hire Deloitte after accounting scandal
Mon 11 May 2015 12:43
Tesco, UK's biggest retailer, announced on Monday it had hired Deloitte as its new auditor, following a formal tender process.
HSBC sets aside £8bn for small businesses
Mon 11 May 2015 08:49
Banking giant HSBC has allocated £8bn to lend to small and medium-sized businesses in Britain, the FTSE 100 group said on Sunday.
Ahold and Delhaize discuss merger, according to reports
Mon 11 May 2015 08:49
Dutch retailer Ahold and Belgian rival Delhaize may have held discussions on a possible merger.
Old Mutual's Nedbank sees increase in first quarter interest
Mon 11 May 2015 08:23
Financial services group Old Mutual said Nedbank, the South African bank in which it owns a 52% stake, reported an increase in first quarter net interest.
UBM appoints new CFO
Mon 11 May 2015 08:00
Marketing and communication services group UBM has appointed Marina Wyatt as its chief financial officer (CFO) from 2 September.
Acquisitions boost sales at Diploma, but organic growth facing "headwinds"
Mon 11 May 2015 07:45
Diploma, the FTSE 250 technical products group, said acquisitions drove a solid increase in interim revenues, but warned investors it still sees "headwinds to organic growth".
John Laing Infrastructure Fund optimistic on growth, eyes acquisitions
Mon 11 May 2015 07:30
In a trading statement covering the period since year-end running to 8 May the John Laing Infrastructure Fund (JLIF) reported underlying growth of 1.84% in the value of its portfolio to reach £849.8m.
John Laing Infrastructure Fund optimistic on growth, eyes acquisitions
Mon 11 May 2015 07:30
In a trading statement covering the period since year-end running to 8 May the John Laing Infrastructure Fund (JLIF) reported underlying growth of 1.84% in the value of its portfolio to reach £849.8m.
Dignity expects mortality rate to be flat in 2015
Mon 11 May 2015 07:13
Dignity saw sales rise by 23.7% in 13 weeks ending on the 27 march to reach £85.5m. That drove a 38.8% increase in underlying profits to reach £35.8m.
Platinum miner Lonmin to cut jobs as low prices set to continue
Mon 11 May 2015 07:05
Platinum miner Lonmin said it could slash up to 3,500 jobs as the company looks to cut costs, with the miner predicting continued low commodity prices "for at least two years".
Monsanto's $45bn takeover offer for Syngenta comes a cropper
Fri 08 May 2015 12:59
Swiss agrochemical Syngenta rejected an unsolicited takeover offer by US rival Monsanto valued at $45bn.
Laird reports strong start to the year in line with expectations
Fri 08 May 2015 08:22
Laird, supplier of wireless connectivity and radio frequency engineering, said first quarter revenue grew 24% to £149m in line with its expectations.
JustEat to acquire market leader in Australia and New Zealand
Fri 08 May 2015 08:11
Just Eat will acquire its rival Menulog Group to gain a leadership position in the fast growing markets for takeout food in Australia and New Zealand.
BBA Aviation trading in line with its expectations
Fri 08 May 2015 07:54
Aviation support services company BBA Aviation said on Friday that it's trading in line with its expectations, with group revenue down 5% on the previous year as a result of falling fuel prices, but on an organic basis, revenue was up 3%.
InterContinental Hotels Group revenue growth hit by stronger dollar
Fri 08 May 2015 07:45
InterContinental Hotels Group registered a sizable increase in revenues at the start of the year, although much of that was undone was by a strengthening US dollar.
BG Group's first quarter earnings hit by depressed oil and gas prices
Fri 08 May 2015 07:31
London-listed energy company BG Group, which accepted a $70bn takeover over from Shell in April, posted a 41% drop on Friday in core first-quarter earnings.
Rolls Royce maintains guidance but warns over currency hit to revenue
Fri 08 May 2015 07:27
British engineering firm Rolls Royce said on Friday that it was maintaining its full year guidance for 2015, but warned over a potential hit to revenues as a result of unfavourable currency rates.
Man Group retains caution on first-half flows
Fri 08 May 2015 07:25
In the first quarter of 2015 Man Group saw a 7% increase in its funds under management (FuM) to reach $78.1bn.
Lonmin to cut costs with 3,500 redundancies
Thu 07 May 2015 16:40
Lonmin has begun talks over cutting its labour costs by roughly 10% by trimming around 3,500 from its workforce at all levels.
Ryanair adds 3,000 flights across its European network
Thu 07 May 2015 16:30
Budget airline Ryanair said on Thursday it has added 3,000 extra flights across its European network for the October holidays, creating 550,000 additional seats.
Friday preview: US non-farm payrolls, jobless rate released
Thu 07 May 2015 15:47
Away from the UK general election madness, the all-important US non-farm payrolls report will be released on Friday.
Provident Financial makes strong start to the year
Thu 07 May 2015 11:06
UK lender Provident Financial said on Thursday that its businesses have made a strong start to 2015.
ArcelorMittal cuts 2015 guidance on falling iron ore prices
Thu 07 May 2015 10:30
ArcelorMittal cut its profit forecast for 2015 on Thursday as it reported its first-quarter earnings, citing a deterioration of iron prices, a stronger dollar and a weaker US market.
Millenium & Copthorne profits suffer from New York labour negotiations
Thu 07 May 2015 09:36
First-quarter profits slipped 5% at hotels group Millenium & Copthorne, which argued trading was in line with historically slower trading patterns.
Esure quarterly gross written premiums up 5.8%
Thu 07 May 2015 09:26
Insurance provider Esure said its gross written premiums were up 5.8% to £130.7m for the first quarter.
Beazley quarterly premiums up 6% but renewals fall
Thu 07 May 2015 08:34
London-listed insurer Beazley posted a 6% rise in premiums for the first quarter on Thursday, although premium rates on the renewal business fell by 1%.
BAE Systems says earnings will be "marginally higher"
Thu 07 May 2015 08:29
A more optimistic BAE Systems has revealed that full year earnings are likely to be "marginally higher" as it highlighted the good progress the company was making in 2015.
Derwent London awaits market reaction after general elections, posts strong Q1
Thu 07 May 2015 08:27
Property investment and development group Derwent London said "time will tell" if the general elections will affect the central London office market.
IMI shares fall as it posts drop in organic revenue; warns on full year
Thu 07 May 2015 08:10
Shares in British engineering company IMI fell sharply on Thursday after it reported a 4% drop in first-quarter organic revenue, partly as a result of sterling strength against the euro.
Galliford Try wins two public sector contracts worth £55m
Thu 07 May 2015 08:10
Construction group Galliford Try has been appointed to carry out two new building contracts in the education sector worth a combined £55m.
RSA shares rise as net written premiums grow in first quarter
Thu 07 May 2015 08:03
Insurance group RSA impressed investors on Thursday with a positive start to the year as premium income returned to modest growth.
Aviva posts rise in first-quarter value of new business
Thu 07 May 2015 07:46
UK insurer Aviva posted a 14% rise in the value of new business to £247m from £224m in the same period last year, supported by operations in the UK, Europe and Asia.
Ladbrokes chairman Peter Erskine steps down
Thu 07 May 2015 07:31
Ladbrokes chairman Peter Erskine has stepped down, five months after chief executive Richard Glynn left the bookmaker.
Telecity receives £2.3bn offer from Nasdaq's Equinix, first-quarter sales disappoint
Thu 07 May 2015 07:21
Datacentres group Telecity, which in February agreed a £1.44bn non-binding bid for Dutch firm Interxion, has received a takeover offer from Nasdaq-listed rival Equinix at 1,145p per share in cash and equity, as it also reported slower sales in the first
French air-traffic strikes limit April passenger growth at Easyjet
Thu 07 May 2015 07:18
Annual traffic growth at Easyjet slowed sharply in April as the company was forced to cancel hundreds more flights than last year.
Randgold Resources first quarter mining profit drops on lower gold price
Thu 07 May 2015 07:09
London-listed gold miner Randgold Resources posted a 16% drop in first-quarter mining profit on Thursday to $143.9m from $171m in the same period last year, mainly due to increased costs and a drop in the average gold price received.
BT hits full year earnings target thanks to cost cutting in fourth quarter
Thu 07 May 2015 07:08
Annual results from BT Group beat City forecasts as the UK telecoms giant added a record number of new broadband customers in the fourth quarter.
Morrisons shares plunge as LFL sales decline worsens in first quarter
Thu 07 May 2015 07:03
Shares in Morrisons, the UK's fourth-largest supermarket chain, took a hammering on Thursday as the company reported a tough start to its new financial year with like-for-like (LFL) sales falling deeper into the red.
Thursday preview: Tight race expected between Conservatives and Labour in UK general election
Wed 06 May 2015 17:31
The UK general election kicks off on Thursday in what is expected to be the biggest period of uncertainty since the 1920s with the possibility of back-to-back hung parliaments.
Best of the Best says maiden results will be ahead of market forecasts
Wed 06 May 2015 16:31
Online car competitions company Best of the Best said its full year has been strong, with revenues and profits ahead of market expectations.
Acacia Mining gets green light for Gokona mild in Tanzania
Wed 06 May 2015 16:23
Mining group Acacia Mining has secured approval to become drilling at the Gokona gold mine in Tanzania.
BHP Billiton shareholders approve South32 spin-off
Wed 06 May 2015 15:26
UK- and Australia-listed mining giant BHP Billiton received the backing of shareholders for its proposed breakup on Wednesday with investors voting overwhemingly in favour of the transaction.
BMW first-quarter profit rises on strong sales
Wed 06 May 2015 14:50
German car maker BMW posted a rise in first-quarter net profit on Wednesday to €1.52bn from €1.47bn in the same period last year on a near-15% increase in revenue, which came in at €20.92m.
News Corp third-quarter income halves on weaker news and infomation division
Wed 06 May 2015 14:45
Profits at News Corp decreased by half during the third quarter of its fiscal year due to the weak performance in its news and information services division.
Aveva takeover rumours re-emerge as US-based Emerson eyes spree
Wed 06 May 2015 13:40
Shares in Aveva have continued their rise this week as City rumours about a potential US takeover have bubbled to the surface after almost a year lying dormant.
GSK cuts Novartis payout as first-quarter revenues rise but earnings ease
Wed 06 May 2015 12:32
GlaxoSmithKline posted a modest increase in first-quarter revenue on Wednesday, up 0.2% to £5.62bn from £5.61bn, as the company said it plans to cut the amount of money it will return to shareholders under an asset swap with Novartis.
HSBC sells UK probate services business to Simplify Channel
Wed 06 May 2015 11:36
HSBC said one of its subsidiaries, HSBC Trust Company Limited (HTCU), has reached an agreement to sell its UK probate services business to Simplify Channel.
Standard Chartered unveils new CEO
Wed 06 May 2015 11:15
Banking giant Standard Chartered has confirmed Bill Winters will be appointed as new chief executive from 10 June.
Boohoo.com posts strong full-year results despite fierce high street competition
Wed 06 May 2015 11:09
Online fashion retailer Boohoo.com posted strong full-year results despite a weak first-half due to a warm autumn season.
Finsbury Food plans to buy Johnstone's Just Desserts
Wed 06 May 2015 10:40
Finsbury Food Group has revealed plans to acquire Johnstone's Just Desserts from administrators FRP Advisory, the company confirmed on Wednesday.
Tullett Prebon first quarter revenue rises on PVM acquisition
Wed 06 May 2015 10:39
Interdealer broker company Tullett Prebon said PVM Oil Associated had performed above expectations since it was acquired by the FTSE 250 company in November.
CLS Holdings acquires building in Munich EUR24.4m
Wed 06 May 2015 10:13
Property group CLS Holdings has acquired a fully-let office in Munich for €24.4m (£18m).
Oil and gas sector gearing up for M&A deals, EY report says
Wed 06 May 2015 09:59
The oil and gas sector is gearing up for mergers and acquisitions with the crude oil price decline heightening the possibility of consolidation in the industry as well as the availability of attractive assets at lower valuations, according to a new report
Wetherspoon serves up lukewarm like-for-like growth
Wed 06 May 2015 09:45
Like-for-like sales growth at pub chain JD Wetherspoon continued to slow in the third quarter, with margins also watered down by increased breakfast promotions.
Prudential strength in Asia offset by weak UK, US markets
Wed 06 May 2015 09:35
Prudential reported a drop in first-quarter new business profit Wednesday to £496m from £526m in the same period last year.
Sainsbury's fares best as Big Four supermarkets all lose market share, says Kantar
Wed 06 May 2015 09:24
The Big Four group of UK supermarkets all lost market share in the last 12 weeks, with Sainsbury's performing best of this bunch and Asda the worst hit.
James Fisher bags Mojo Maritime in deal worth up to £3.5m
Wed 06 May 2015 09:22
Maritime engineering group James Fisher has agreed a deal to buy offshore renewable energy services provider Mojo Maritime for up to £3.5m.
Inmarsat signals rising momentum after slow start, supplies satellites for Nepal emergency relief
Wed 06 May 2015 09:21
In spite of a slow start to the year, Inmarsat said momentum was improving and it expected to launch the third and final of its super-high-speed GlobalXpress (GX) satellites as the first was being used by rescuers in Nepal after the recent earthquake.
Supergroup confident of meeting annual expectations as quarterly sales jump
Wed 06 May 2015 08:44
Fashion retailer Supergroup said it was confident to meet its full-year guidance, on the back of an increase in sales in the fourth quarter.
DS Smith maiden results to be in line with expectations
Wed 06 May 2015 08:32
DS Smith said its full-year performance has been in line with expectations thanks to a stronger second-half.
Intu reports flat UK mall footfall and encouragement from Spain
Wed 06 May 2015 08:13
Shopping centre owner Intu Properties said the UK letting market was continuing to improve and Spain was an increasingly encouraging growth opportunity as the economy improves.
SocGen quarterly profit surges as it bounces back from Russia write-downs
Wed 06 May 2015 08:13
Paris-based lender Societe Generale posted a surge in first-quarter net profit Wednesday to €868m from €169m in the same period last year.
Tullett Prebon reports stable trading with only sporadic volatility
Wed 06 May 2015 08:07
Trading conditions in the wholesale market for over-the-counter financial instruments were subdued, albeit stable, at the start of 2015 according to inter-dealer broker Tullett Prebon, with volatility across financial markets in general described as spora
National Express on track to meet expectations
Wed 06 May 2015 08:01
National Express remained on track to meet annual expectations as revenue grew across the board in the first four months of 2015, the transport services operator said on Wednesday.
GKN trading year-to-date buoyed by strong US dollar
Wed 06 May 2015 07:47
In the period running up to 5 May GKN saw trading conditions which were in-line with the guidance provided by the firm in February.
Legal & General first quarter net cash generation rises 8%
Wed 06 May 2015 07:46
Legal & General reported an 8% increase in first-quarter net cash generation to £326m, with operational cash generation up 11% at £330m.
CRH grows sales as Americas strength offsets European weakness
Wed 06 May 2015 07:43
Irish building materials group CRH said it made "satisfactory start" to 2015 with continued momentum in the Americas making up for a weak performance in Europe.
Direct Line Group reaffirms full-year guidance
Wed 06 May 2015 07:29
Direct Line Group, the insurer, saw gross written premiums slip by 0.9% over the first quarter ended in 31 March.
Imperial Tobacco puffs out smoking hot interim earnings
Wed 06 May 2015 07:12
Imperial Tobacco lifted its dividend 10% after its growth brands delivered strong growth and earnings beat expectations.
Sainsbury's puts on brave face after swinging to annual loss, shares fall
Wed 06 May 2015 07:04
Supermaket group Sainsbury's has swung to its first annual loss in a decade and slashed its dividend by nearly a fifth following a hefty property impairment charge and a continued slump in sales.
Ryanair lowers airport fees as it seeks to overhaul customers' experience
Tue 05 May 2015 16:39
Ryanair has slashed some of its airport fees as the budget airline seeks to improve customer service.
Wednesday preview: GSK and Sainsbury's top the bill amid earnings influx
Tue 05 May 2015 16:19
While investors will continue to look ahead to the elections, Wednesday's session is set to be a busy one for UK markets amid a barrage of blue-chip corporate earnings and economic data.
Two more non-executive directors step down from Tesco
Tue 05 May 2015 16:00
On Tuesday Tesco announced two more non-executive directors were leaving the group.
Rosslyn Technologies signs agreement with PwC
Tue 05 May 2015 15:23
Rosslyn Technologies has signed an agreement with accountancy and consulting group PricewaterhouseCoopers LLP.
New World Oil warns investors after confusion rains on placing parade
Tue 05 May 2015 14:44
Confusion reigned at UK oil explorer New World Oil & Gas after its attempts to raise funds met with more resistance than expected.
Taihua warns frost will impact forsythia harvest
Tue 05 May 2015 14:29
Taihua expects the volume of its forsythia harvest to be smaller than previous years due to poor weather conditions.
Ferrum Crescent soars on South African sale plans
Tue 05 May 2015 14:18
Shares in Ferrum Crescent jumped 25% after the iron group signed a memorandum of understanding to sell a 39% stake in the Moonlight Iron project in South Africa.
Indivior surges on positive schizophrenia drug trials and guidance optimism
Tue 05 May 2015 14:03
Pharmaceutical company Indivior reported a drop in first-quarter net revenue but impressed with results of trials for its new treatment for schizophrenia.
Red Emperor Resources jumps as partner signs drilling contract in the Philippines
Tue 05 May 2015 13:59
Shares in Red Emperor Resources jumped over 30% on Tuesday, after the oil explorer said its partner in the Block SC55 project has clinched a deal for a drill ship to carry out work on the site.
Spirent suffers in first quarter but spies stronger second
Tue 05 May 2015 13:46
Sales slumped more than expected at Spirent Communications in what was expected to be a slow first quarter but the mobile phone testing company said stronger momentum since meant it was confident in hitting its full year targets.
Ex Sportingbet chief launches IPO for Stride Gaming
Tue 05 May 2015 12:50
Online bingo company Stride Gaming, led by former Sportingbet chief Nigel Payne, has announced plans for flotation on the London Stock Exchange's AIM segment to take advantage of regulatory changes in the online gaming industry.
Lafarge and Holcim allowed to merge by US and Canadian authorities
Tue 05 May 2015 12:07
Cement giants Holcim and Lafarge won US and Canada's antitrust approval to merge on Monday, more than a year after their megadeal was announced in April 2014.
Turbo Power Systems powers back to break-even
Tue 05 May 2015 11:42
Shares in Turbo Power Systems bounced about on Tuesday as the electrical power systems provider swung back to break-even in full-year results.
Premaitha Health files 'robust defence' in Illumina's patent infringement suit
Tue 05 May 2015 10:54
Premaitha Health has filed a "robust defence" in court regarding Illumina's patent infringement suit against the molecular diagnostics company.
HSBC beats forecasts as first-quarter profits hit $7.1bn, CEO fires bank levy warning
Tue 05 May 2015 09:42
First-quarter profits and earnings from HSBC beat market expectations as the bank recovered well from a difficult end to 2014, but said the dividend was coming under pressure from the UK bank levy.
ITV completes acquisition of Talpa Media
Tue 05 May 2015 09:18
Broadcasting group ITV has completed the acquisition of entertainment show producer Talpa Media.
Fitbug set to launch new health product
Tue 05 May 2015 08:40
Technology group Fitbug Holdings has reached a deal with US services group Towers Watson & Co and Australian company HealthLogix to develop an online health management product.
Adidas bounces back with fast first quarter growth
Tue 05 May 2015 08:38
German sportswear company Adidas has kicked off the year on a strong footing after a challenging 2014.
Kalimantan Gold jumps after receiving drilling permit in Indonesia
Tue 05 May 2015 08:19
Shares in Kalimantan Gold jumped almost 20% after the mining group confirmed it had received a drilling permit from the Indonesian government.
UBS Q1 earnings beat forecasts with $2.14bn net income
Tue 05 May 2015 08:08
On Tuesday UBS reported an 88% jump in its net profits for the first three months of the year, to reach 1,980m Swiss francs. ($2.14bn).
Grainger sells stake in New Sovereign Reversion
Tue 05 May 2015 08:03
Residential group Grainger has reached an agreement to sell its stake in the New Sovereign Reversions Ltd portfolio for £18.5m.
Just Eat sees sharp rise in first quarter orders
Tue 05 May 2015 07:54
Online food delivery firm Just Eat saw robust growth in orders carry through from last year as the company continued on its international expansion.
Kennedy Wilson buys Ioan on Ilford's Pioneer Point
Tue 05 May 2015 07:51
London-listed property company Kennedy Wilson Europe Real Estate (KWE) has bought a non-performing loan (NPL) secured against the freehold interest in Pioneer Point in Ilford.
Ophir Energy brings on Golar as mid-stream partner at Fortuna
Tue 05 May 2015 07:28
Unlike its competitors, Ophir Energy has decided to move ahead with investments at its Fortuna LNG project offshore Equitorial Guinea, accelerating the date of first gas.
Aberdeen Asset Management outflows accelerate in first half
Tue 05 May 2015 07:05
Outflows continued to outweigh inflows at Aberdeen Asset Management in the second quarter but the fund management group still increased profits by a quarter in the first half of the year and announced a share buyback of up to £100m.
Amazon increases minimum spend required for free delivery to £20
Fri 01 May 2015 16:56
Amazon has doubled its minimum charge for free deliveries, except for books.
S&P lowers rating on Astrazeneca, says outlook is negative
Fri 01 May 2015 16:50
Standard & Poor's has downgraded its rating on Astrazeneca to 'A-1' from 'A-1+', citing a negative outlook amid competition from generic drugmakers.
GSK expected to can capital return plan amid stagnant growth
Fri 01 May 2015 13:10
GlaxoSmithKline may throw out a plan to return £4bn to shareholders amid an overhaul of the drugmaker and a new chairman, analysts have said.
Prudential appoints Mike Wells as new CEO
Fri 01 May 2015 13:02
FTSE 100 insurance group Prudential has appointed Mike Wells as its new chief executive from 1 June.
Cape seals £100m deal with BP
Fri 01 May 2015 09:49
London-listed Cape has sealed a two-year deal worth £100m with oil giant BP, the industrial services group said.
Pure Wafer shares jump on insurance settlement
Fri 01 May 2015 09:36
Shares in Pure Wafer soared as high as 84% on Friday, after the management services provider announced it had received an insurance settlement following a fire at its Swansea facility in December.
Vertu Motors acquires two car dealerships for £8m
Fri 01 May 2015 09:15
Automotive retailer Vertu Motors has completed the acquisition of two car dealerships for a combined £8m.
Rentokil on track towards meeting annual targets
Fri 01 May 2015 08:23
Pest control group Rentokil Initial saw revenue rise in the first quarter, as solid growth in regional operations offset sluggish performance in the European market.
Colt reports profit growth in first quarter, but top line weaker
Fri 01 May 2015 08:08
FTSE 250 technology company Colt Group was able to grow profits in the first quarter despite a weaker revenue performance.
Virgin Money mortgage lending jumps in first quarter
Fri 01 May 2015 08:00
Challenger bank Virgin Money Holdings reported a sharp increase in mortgage lending in the first quarter and ate up a larger percentage of market share.
Glaxo and Theravance win FDA approval for Breo asthma treatment
Fri 01 May 2015 07:54
Glaxosmithkline (GSK) has said its Breo once-daily treatment for adult asthma has been approved by the US Food and Drug Administration (FDA).
Smiths Group steals Vesuvius CFO Chris O'Shea
Fri 01 May 2015 07:36
Technology outfit Smiths Group has appointed Vesuvius' chief financial officer Chris O'Shea as its new finance director.
Lloyds beats forecasts with 21% jump in first-quarter underlying profits
Fri 01 May 2015 07:14
Lloyds Banking Group delivered a bigger-than-expected jump in underlying profits in the first quarter as impairment charges more than halved, with the UK lender lifting its net interest margin (NIM) guidance for the full year.
21st Century Technology acquires bus information provider for £1.3m
Thu 30 April 2015 16:46
21st Century Technology has acquired RSL Group, a developer and supplier of public information systems for bus travel, for £1.3m.
George Soros may have to pay huge tax bill
Thu 30 April 2015 15:45
Billionaire currency trader George Soros, most famous in the UK for his role in 'Black Wednesday', could face a US tax bill of $6.7bn due to his use of an Irish-US tax loophole.
Nostrum Oil & Gas on track to meet full-year production targets
Thu 30 April 2015 15:34
Nostrum Oil & Gas said it was on track to meet its annual production target after strong performances in the first quarter.
Ultra Electronics on track as acquisitions offset political uncertainty
Thu 30 April 2015 15:22
In a one-line trading update, Ultra Electronics, a defence, security, transport and energy company, said its full-year results will be in line with expectations.
Friday preview: Lloyds earnings to be hit by PPI and TSB disposal
Thu 30 April 2015 15:06
Lloyds Banking Group is expected to report a slide in first quarter earnings on Friday, reflecting provisions for payment protection insurance and TSB disposal costs.
Mexico strength drives underlying profit growth at Int'l Personal Finance
Thu 30 April 2015 14:52
International Personal Finance (IPF), the FTSE 250 home-credit business, said it was making a "progressive improvement" across most markets during the first quarter as underlying profits jumped by nearly a fifth, helped in particular by strong growth in M
Saga impresses with maiden results as holiday business revenues rise
Thu 30 April 2015 14:38
Over-50s tour operator and insurance provider Saga impressed the market with its maiden annual full-year results, driven by good performances in its motor insurance, travel and financial services.
Shire shares shoot up as earnings surge 20%
Thu 30 April 2015 12:51
Earnings at Shire surged 20% in the first quarter as sales at the Dublin-headquartered drug company overcame a sharp drop in its Intuniv attention deficit disorder drug and dollar headwinds.
Howden on track to meet annual targets, posts 9% rise in first quarter revenue
Thu 30 April 2015 11:41
Howden Joinery Group, the kitchen and joinery products supplier, said it was confident of meeting annual targets after trading in line with expectations so far this year.
Lancashire Holdings well positioned to deal with pressure on insurance rates
Thu 30 April 2015 11:09
Insurance group Lancashire Holdings said pre-tax profit declined in the first quarter, but it remained better equipped to deal with pressure on insurance rates than its sector peers.
Repsol chairman takes €1.3m-a-year pay-cut
Thu 30 April 2015 11:06
Antonio Brufau, highly respected chairman of Spanish multinational oil and gas company Repsol since 2004, will continue to chair its board on reduced pay until 2019.
Optare crashes as bus maker's Indian owners want delisting
Thu 30 April 2015 10:51
Shares in bus maker Optare crashed after it sent a letter to shareholders proposing the company de-list from the stock market.
Synthomer on track on the back of Asian rubber bounce
Thu 30 April 2015 10:38
Chemical group Synthomer said first-quarter trading had been on target as the encouraging rebound at its Asian nitrile business continued to offset subdued conditions in developed markets and currency headwinds.
Kaz Minerals on track to meet production guidance despite drop in quarterly sales
Thu 30 April 2015 10:22
Copper miner KAZ Minerals said it was on track to meet its production guidance for the year, despite a decline in first-quarter sales.
Regus on target to meet expectations after strong first quarter
Thu 30 April 2015 09:52
Office provider group Regus said it was confident of meeting its full-year targets after trading in the first quarter was in line with expectations.
Go-Ahead posts strong quarterly results, acknowledges passenger slowdown
Thu 30 April 2015 09:26
Passenger transport group Go-Ahead said its bus and rail businesses performed in line with expectations during the third quarter of the year despite disruption due to roadworks and congestion.
Fidessa expects gradual increase in growth in 2015
Thu 30 April 2015 09:22
Financial software and services group Fidessa said it expected a gradual increase in the growth rate in 2015 from the level it reached last year.
Statoil posts another quarterly loss on $6.1bn impairment charge
Thu 30 April 2015 09:13
Norwegian oil giant Statoil has slipped into its third consecutive quarterly loss on an annualised basis, after taking a hefty impairment charge in the US.
Tullow to push ahead with cost cuts despite oil price rally
Thu 30 April 2015 08:56
Ahead of a meeting with shareholders Tullow Oil reaffirmed its full-year guidance for production, cost savings and capital expenditures, despite the recent rally in the price of oil.
Moneysupermarket posts 25% rise in quarterly revenue
Thu 30 April 2015 08:49
Moneysupermarket posted a 25% rise in headline quarterly revenue thanks to strong personal loans and credit card applications.
Berendsen disappoints with results despite new CEO appointment
Thu 30 April 2015 08:49
First quarter sales at laundry services group Berendsen fell 5%, in line with expectations, due to strong currency headwinds and troubles in the UK with a hotel linen contract.
Japan Tobacco acquires US e-cigarette company Logic Development Technology
Thu 30 April 2015 08:48
Japan Tobacco (JT) has entered into an agreement to acquire Logic Technology Development, a leading US e-cigarettes company.
James Fisher warns first-half hit by offshore oil industry restructuring
Thu 30 April 2015 08:47
James Fisher warned that first-half results would be lower than last year after its offshore oil arm suffered a "slow start" to 2015.
Galliford Try reshuffles its executive ranks
Thu 30 April 2015 08:34
Peter Truscott has been appointed as the new chief executive of Galliford Try, the construction and housebuilding company confirmed on Thursday.
Zoopla zooms higher on uSwitch acquisition
Thu 30 April 2015 08:22
Zoopla, the residential property website group, has agreed to acquire utility price comparison site uSwitch for up to £190m.
RPS shares drop as oil-market woes hit energy division
Thu 30 April 2015 08:08
Shares in RPS Group dropped sharply on Thursday after the industrial consultancy outfit said it was feeling the impact of the continuing volatility in the oil and gas sector.
Net inflows drive double-digit first quarter profit gain at Schroders
Thu 30 April 2015 08:08
Inflows at its asset management arm drove a double digit gain in profits at fund manager Schroders in the first quarter, leading analysts to cautiously revise their forecasts for full-year earnings higher.
Smith & Nephew reiterates annual guidance but warns of currency headwinds
Thu 30 April 2015 08:08
Medical services group Smith & Nephew reported a slight increase in first quarter revenue and reiterated its expectations for 2015.
IAG off to a flier with maiden first quarter profit
Thu 30 April 2015 07:32
International Consolidated Airlines Group, the owner of British Airways and Spain's Iberia, flew back into the black in the traditionally weak first quarter.
RBS reveals larger losses than feared after forex rigging charges hit
Thu 30 April 2015 07:16
Royal Bank of Scotland made a £446m loss in the first quarter of the year, more than double what had been feared as it was hit by £453m of restructuring costs and set aside £856m for litigation and conduct charges.
Shell reassures with less-than-feared profit slump in Q1
Thu 30 April 2015 07:13
Royal Dutch Shell saw unadjusted profits sink in the first quarter on the back of depressed crude prices, though results were much better than analysts had feared.
French government criticised for obstructing takeover talks with Dailymotion
Thu 30 April 2015 06:29
A Hong Kong investor who was in talks to buy a stake in the Dailymotion video platform criticised French economy minister Emmanuel Macron for obstructing the talks and helping Paris media group Vivendi to make a last minute offer.
G4S' 'BBB-' rating affirmed by S&P, outlook stable
Wed 29 April 2015 18:02
UK based global security provider G4S had its 'BBB-' rating reiterated on Wednesday, as analysts at Standard & Poor's (S&P) ratings agency deemed the company's outlook stable and in line with forecasts.
Renold derisks balance sheet with £25m buy-in of pension liabilities
Wed 29 April 2015 17:21
Renold, supplier of industrial chains and power transmission products, has de-risked about £25m of its UK pension liabilities in an effort to rebuild the group's balance sheet.
Petropavlovsk to cut debt pile further
Wed 29 April 2015 15:51
Petropavlovsk, the London listed mining company, issued its audited 2014 results and provided investors with a production update for the first quarter.
Nasdaq apologises for 'inadvertently' publishing Twitter earnings
Wed 29 April 2015 15:20
The Nasdaq Stock Market has issued a formal apology for "inadvertently" releasing Twitter's earnings before the closing bell on Tuesday night.
Perrigo rejects Mylan's improved $35.6bn takeover offer
Wed 29 April 2015 14:57
Irish drug group Perrigo has rejected an improved $35.6bn takeover offer from US rival Mylan.
Enteq Upstream updates on cash balance
Wed 29 April 2015 14:46
Enteq Upstream, the oilfield services technology and equipment supplier, updated its cash balance for the year ended 31 March 2015.
InterContinental Hotels Group snaps higher after remarks from US rival
Wed 29 April 2015 13:34
First quarter profits at Starwood Hotels edged higher in the first quarter.
Thursday preview: UK corporate giants RBS, Shell, IAG report interims
Wed 29 April 2015 13:25
A raft of company results from the likes of Royal Bank of Scotland, Royal Dutch Shell and International Consolidated Airlines (IAG) will dominate the UK earnings session on Thursday.
Berlusconi holds talks with Thai consortium to sell AC Milan
Wed 29 April 2015 13:13
Silvio Berlusconi, the former Italian president and current owner of AC Milan, is to hold hold talks with Thai businessman Bee Taechaubol on Wednesday afternoon to discuss a selling stake sale in the soccer club.
Seinfeld rights bought for $1m per episode by Hulu
Wed 29 April 2015 13:08
The online broadcasting rights for Seinfeld, the acclaimed 1990s sitcom 'about nothing', have been snapped up for a reported $180m from owner Sony.
Blackrock Workspace Property Trust sells four properties for £32.1m
Wed 29 April 2015 12:06
London property company Workspace said on Wednesday its Blackrock Workspace Property Trust venture has sold four light industrial properties to Westbrook partners for £32.1m.
Spirit Pub serves up positive interims as managed pubs sparkle
Wed 29 April 2015 11:12
Spirit Pub Company said it outperformed the market in the first half, mainly thanks to a strong performance from its managed pubs estate on the back of cost-control and acquisitions.
Ithaca Energy extends bank financing facilities, removes covenants
Wed 29 April 2015 10:55
Ithaca Energy has extended and simplified its bank debt financing facilities totaling $650m.
Stagecoach on track to meet annual targets
Wed 29 April 2015 10:46
Solid performances in its London bus and UK rail divisions drove like-for-like annual revenue up at public transport group Stagecoach.
Redefine International posts interim profit rise, hikes dividend
Wed 29 April 2015 10:43
Real estate investor group Redefine International said progress across its development and asset management plans drove its first half profit up.
NMC Health jumps on acquisitions in the UAE
Wed 29 April 2015 10:13
Healthcare provider NMC Health has completed the acquisition of two sector peers based in the United Arab Emirates for a combined $100m (£65m).
N Brown final results beat recently lowered expectations
Wed 29 April 2015 09:48
Shares in N Brown bounced back after final results from the internet and home shopping business were not as bad as been feared.
Countrywide posts quarterly revenue decline amid challenging market conditions
Wed 29 April 2015 09:36
Real estate and property group Countrywide reported a decline in first quarter revenue, as challenging market conditions hit its house sales distribution.
Thorntons posts mixed trading data as operational niggles persist
Wed 29 April 2015 09:21
Thorntons posted mixed trading data for the 15 weeks up to 25 April, as its FMCG business contributed to a sales decline.
Greggs Q1 sales beat forecasts
Wed 29 April 2015 09:13
Greggs first quarter sales have beaten expectations thanks to a new range of healthier products.
Home Retail impresses with twin growth from Argos and Homebase
Wed 29 April 2015 09:07
Full-year profits from Home Retail nudged slightly higher than forecasts as both Argos and Homebase delivered like-for-like sales and profit growth for the second successive year.
Alent confident of meeting annual targets after solid first quarter
Wed 29 April 2015 09:00
Chemicals supplier Alent said it was confident of meeting its annual targets after the company's first quarter trading was in line with expectations.
Premier African Minerals inks £1.65m convertible loan facility
Wed 29 April 2015 08:51
Premier African Minerals has agreed a £1.65m convertible loan facility with Darwin Strategic Limited in order to finish the construction of its RHA tungsten mine in Zimbabwe.
Hellermanntyton Group on track to meet expectations as quarterly revenue rises
Wed 29 April 2015 08:38
Strong growth across the board saw revenue at cable management services company HellermannTyton Group rise in the first quarter of 2015.
Standard Life's assets under administration up 5%
Wed 29 April 2015 08:22
Investment group Standard Life said favourable market movements and net inflows have driven its assets under administration up in the first quarter of 2015.
Nichols acquires a 49% equity stake in Noisy Drinks
Wed 29 April 2015 08:20
Nichols, the UK soft drinks business, has taken an initial 49% equity stake in Noisy Drinks for £2.7m.
British American Tobacco's slow-burn sales disappoint
Wed 29 April 2015 08:16
Sales volumes and revenues were lower at British American Tobacco in the first quarter but the group grew market share from its top brands and said results would be "significantly skewed" to the second half of the year.
BBVA's first quarter earnings up sharply
Wed 29 April 2015 08:11
Spanish banking BBVA said on Wednesday its attributable net profit rose to €1.54bn between January and March 2015, up 146.2% on an annualised basis from a relatively lower mark over the corresponding quarter last year.
TSB back in the black in the first quarter
Wed 29 April 2015 08:04
Profits at TSB Banking Group improved in the first quarter on the back of shifts in investment and marketing spend towards the fourth quarter of 2014.
Smiths Group completes €600m bond offering
Wed 29 April 2015 08:01
Technology group Smiths Group has closed the €600m (£428.4m) bond offering, which was launched on 23 April.
Weir Group plans more layoffs after "challenging" first quarter for oil and gas
Wed 29 April 2015 07:51
Industrial engineer Weir Group said it was "taking further action to support profitability" with further cost cuts in its oil and gas division after a challenging first quarter.
FTSE business boosts first quarter revenue growth at LSE
Wed 29 April 2015 07:45
A strong performance at its FTSE information services arm boosted revenues at the London Stock Exchange Group (LSE) at the start of the year.
New World Oil and Gas raises cash in desperate bid to save company
Wed 29 April 2015 07:42
In a race against time, as management scrambles to find farm-in partners for its projects in Belize and offshore Denmark, New World Oil and Gas raised £1.5m in fresh equity.
Next starts strong as warm weather helps company beat forecasts
Wed 29 April 2015 07:22
Full-price sales at Next since the start of the year rose 3.2%, ahead of guidance from March thanks to new store openings and warmer weather.
Antofagasta cuts copper guidance after water issues dampen Q1
Wed 29 April 2015 07:22
Chile-focused copper miner Antofagasta has scaled back its production guidance for 2015 after first-quarter output was affected by numerous water issues at its Los Pelambres and Centinela projects.
Barclays first quarter profits rise, books provisions for FX
Wed 29 April 2015 07:11
Adjusted profits before tax at Barclays rose by 9% to £1.85bn over the first three months of the year.
Sainsbury's boss Mike Coupe sentenced to jail in Egypt
Wed 29 April 2015 07:08
Mike Coupe, the chief executive of Sainsbury's supermarket group, has been handed a two year jail sentance in Egypt.
Twitter plunges on missed sales, after earnings are leaked
Tue 28 April 2015 20:52
Twitter shares plunged 20% on Tuesday, after the social media giant's first quarter results left investors disappointed.
Indigovision shares tank after profit warning
Tue 28 April 2015 15:42
Shares in Indigovision fell off a cliff on Tuesday afternoon after the internet video provider said it expected to post an operating loss for the first half.
RBS loses CEO of Williams & Glynn spin-out ahead of IPO
Tue 28 April 2015 13:41
The chief executive of Williams & Glynn, the high street banking business that Royal Bank of Scotland is being forced to spin out, has quit less than 18 months into the role.
Wednesday preview: Fed in focus as central bank unveils policy measures
Tue 28 April 2015 13:33
Investors will be keen to see if the Federal Reserve on Wednesday provides hints on the timing of its first interest rate hike when the central bank releases its policy decision, while the UK corporate calendar sees Barclays, British American Tobacco, Hom
GW Pharmaceuticals to tap US investors for cash
Tue 28 April 2015 12:06
London-based bio-pharmaceutical company GW Pharmaceuticals announced it will go cap in hand to investors in the US, although the exact terms of the share issue will depend on market conditions.
MTI Wireless Edge acquires wireless company Mottech
Tue 28 April 2015 12:01
Antennas developer and manufacturer MTI Wireless Edge said it will acquire Mottech, a provider of wireless control products for $4.75m in order to expand its business strategy.
Sound Oil looks to strategic partnerships to de-risk assets
Tue 28 April 2015 11:35
Sound Oil, the Europe-focused upstream oil and gas company, unveiled its unaudited preliminary results for the year ended 31 December 2014
Tissue Regenix jumps as ACL treatment gets UK approval
Tue 28 April 2015 11:34
Shares in Tissue Regenix jumped on Tuesday, after the producer of devices for regenerative medicine said it had taken a "critical step" towards securing approval for a new treatment.
Standard Chartered first quarter misses targets as de-risking hurts business
Tue 28 April 2015 11:18
Revenues from Standard Chartered fell more than expected in the first three months of the year as the Asia-focused bank faced challenging trading conditions and said its deleveraging measures hit performance.
Pinnacle Technology Group raises £0.86m through placing
Tue 28 April 2015 11:09
Pinnacle Technology Group, the AIM-listed IT managed service provider, raised £0.86m via a placing of 13,164,122 new ordinary shares.
Rose Petroleum tanks on Utah project update
Tue 28 April 2015 10:59
Shares in Rose Petroleum tanked on Tuesday, after the oil explorer said it had chosen the Cisco Dome region for the first of its six new horizontal wells on the Mancos Shale in Utah.
Banco Santander first quarter profit jumps on Spain's recovery and weak euro
Tue 28 April 2015 10:18
Spanish banking giants Banco Santander said its first-quarter profit rose over 30%, on the back of Spain's economic recovery and the weakening euro.
WPP to invest in funding round for Refinery29
Tue 28 April 2015 10:05
Publishing group WPP has made an investment in the $50m (£32.8m) series D funding round for fashion and lifestyle media group Refinery29.
Rolls-Royce sells Michell Bearings to British Engines for £12.6m
Tue 28 April 2015 09:57
Rolls-Royce said on Tuesday it will sell its Michell Bearings business to British Engines for £12.6m.
Velocys year-end revenue comes in at £1.7m
Tue 28 April 2015 09:39
Small cap gas-to-liquids company Velocys posted revenue takings of £1.7m for the year ended 31 December.
UKOG admits Horse Hill licence would expire within months
Tue 28 April 2015 09:27
Independent oil explorer UKOG, which grabbed global headlines after initially claiming then backtracking on a potential 100bn barrel oilfield near Gatwick Airport, has admitted that one of its licences for the site is actually set to expire.
Kier set to acquire Mouchel for £265m
Tue 28 April 2015 09:24
Property and construction services company Kier Group has reached an agreement to acquire infrastructure repair and maintenance services group Mouchel for £265m.
Dechra Pharmaceuticals reports strong Q3 revenues thanks to jump in US sales
Tue 28 April 2015 09:07
Veterinary products manufacturer Dechra Pharmaceuticals said on Tuesday its full-year results will be in line with managements expectations after reporting an increase in revenues during the third quarter.
Segro enjoys strenghtening of UK industrial property market
Tue 28 April 2015 09:00
Industrial property investor Segro has made an encouraging start to 2015 as UK market conditions improve but warned that competition had intensified in Continental Europe.
Ophir Energy secures four contracts in Indonesia
Tue 28 April 2015 08:56
Oil and gas explorer Ophir Energy has reached an agreement to acquire four production sharing contracts in Indonesia from Niko Resources.
Dunelm appoints Whitbread CEO as new chairman
Tue 28 April 2015 08:39
Homewares retailer Dunelm has appointed Andy Harrison as its new chairman to replace the outgoing Geoff Cooper.
China's railway giant gains ground in Africa with $5.5bn contracts
Tue 28 April 2015 08:38
China Railway Construction Corp Ltd (CRCC) announced late on Monday and on Tuesday it had signed two deals worth $5.5bn (£3.6bn) for construction projects in Africa.
Allied Minds' full-year loss up, but revenue also rises on US partnerships
Tue 28 April 2015 08:23
Allied Minds, a science and technology development company, said its full-year revenues were boosted by extensive US university and federal research institution partnerships.
Rexam's first quarter trading in line with expectations
Tue 28 April 2015 08:02
Beverage can producer Rexam said it was trading in line with expectations, even though a strong performance in Europe was offset by weakness in other markets.
Whitbread earnings steam higher but CEO Harrison announces retirement
Tue 28 April 2015 08:00
Costa Cofee and Premier Inn owner Whitbread served up impressive results for the year to 26 February but announced that chief executive Andy Harrison will retire by the end of the current financial year.
Alliance Trust reaches 'compromise' with Elliott Advisers
Tue 28 April 2015 07:35
After a bitter battle, Dundee-based Alliance Trust has reached a "compromise" with its activist major investor Elliott Advisers, allowing two of the US hedge fund's partners onto the board.
Henderson sees AuM rise by 10% in first quarter
Tue 28 April 2015 07:24
Fund management group Henderson saw record net inflows of £3.6bn in the first three months of the year, which contributed to a 10% rise in assets under management to reach £89.4bn.
St James's Place reports 22% rise in managed funds
Tue 28 April 2015 07:21
Wealth management group St James's Place has posted a 22% increase in funds under management, according to its latest interim statement.
BP posts 20% decline in profits as lower oil prices dent performance
Tue 28 April 2015 07:12
BP has posted an underlying replacement cost profit decline of 20% on an annualised basis for the three months to end-March, though the figure beat forecasts and was 15% higher on the previous quarter.
Mylan unanimously rejects Teva's takeover bid
Mon 27 April 2015 16:27
The board of pharmaceutical group Mylan has unanimously rejected a $40.1bn takeover offer from Teva Pharmaceutical (£26.3bn).
British Gas invests £50m in 350 new customer service jobs
Mon 27 April 2015 16:02
British Gas announced it will invest £50m to create 350 new jobs and improve its customer service.
Sunrise Resources plunges despite positive update from Nevada project
Mon 27 April 2015 15:55
Mineral exploration group Sunrise Resources said its US project in County Line showed a diatomite product that could be generate to commercial standards.
Tuesday preview: Osborne may come under scrutiny as UK GDP expected to slow
Mon 27 April 2015 14:59
Chancellor George Osborne is expected to come under pre-election scrutiny on Tuesday when official figures reveal UK economic growth has slowed.
Eckoh says full-year results will be in line thanks to strong investment
Mon 27 April 2015 14:41
Payment services Eckoh said in Monday its full-year results will be in line with market expectations thanks to new contracts and renewals.
De La Rue takes £13.5m hit to resolve bank note dispute
Mon 27 April 2015 14:40
Banknote printer De La Rue will take a £13.5m non-cash hit from a disputed contract with a major customer and said it felt the long-standing issue was now mostly resolved.
Deutsche Bank announces EUR3.5bn in cost cuts, sale of Postbank
Mon 27 April 2015 13:37
Deutsche Bank will close up to 200 high street branches by 2017, and reduce its presence in some countries cutting costs by €3.5bn.
Staffline acquires welfare training group A4e for £34.5m
Mon 27 April 2015 12:38
Staffline has acquired A4e, a welfare training services company, for £34.5m.
Tokyo Electron and Applied Materials back off merger plan
Mon 27 April 2015 10:39
US equipment manufacturer Applied Materials and Japanese electronics and semiconductor company Tokyo Electron are to ditch their merger plan, both companies confirmed on Sunday, citing concerns expressed by the US Department of Justice.
BT confirms £12.5bn offer for EE
Mon 27 April 2015 10:35
Telecoms company BT has confirmed its cash and shares offer of £12.5bn for Britain's largest mobile operator EE.
Sainsbury's appoints former Next CFO as audit chairman
Mon 27 April 2015 10:20
J Sainsbury has appointed the former finance director of Next as a non-executive director and chairman of the supermarket's audit committee.
Playtech on track to meet annual target following strong first quarter
Mon 27 April 2015 10:06
Online gaming and sports betting group Playtech said it expected strong growth in 2015, after revenue jumped in the first quarter.
Nostra Terra buys into Texas horizontal drilling prospect
Mon 27 April 2015 10:01
Small UK oil explorer and producer Nostra Terra Oil & Gas has acquired an interest in its largest oilfield to date.
Great Portland Estates' joint venture sells London Property
Mon 27 April 2015 09:26
Property investment group Great Portland Estates said its joint venture with Aberdeen Asset Management has sold its property at 95 Wigmore Street in London.
Tullow Oil climbs on favourable court ruling over Ghana operations
Mon 27 April 2015 08:48
Shares in Tullow Oil climbed as much as 9% on Monday morning, after a judge ruled its TEN development could continue.
LondonMetric's joint venture completes assets sale
Mon 27 April 2015 08:23
Property group LondonMetric said its Metric Income Plus Partnership joint venture has sold two assets for a combined market valuation of £31.3m.
Randgold Resources says Tongon project remains on track to meet annual targets
Mon 27 April 2015 07:58
Gold explorer Randgold Resources said its Tongon project in Ivory Coast remained on track to achieve its annual targets for 2015.
Centrica maintains gloomy forecast, acknowledges UK political risk
Mon 27 April 2015 07:33
British Gas owner Centrica maintained its previous forecast issued in February as UK political risk and a rocky global commodities market continue to hound the company.
RBS sells another batch of loans to Japan's Mizuho
Mon 27 April 2015 07:28
Royal Bank of Scotland has sold another portfolio of loan commitments to Japanese lender Mizuho for a cash consideration of $500m. In the year ending 31 December 2014 the securities generated a profit aftertax of approximately $20m.
RBS sells another batch of loans to Japan's Mizuho
Mon 27 April 2015 07:28
Royal Bank of Scotland has sold another portfolio of loan commitments to Japanese lender Mizuho for a cash consideration of $500m. In the year ending 31 December 2014 the securities generated a profit aftertax of approximately $20m.
Diageo asks Indian subsidiary founder to resign after 'improprieties'
Mon 27 April 2015 07:15
An investigation at Diageo's 54.78%-owned Indian arm United Spirits (USL) has led it to demand the resignation of the business's chairman Vijay Mallya, though the 'liquor King of India' has refused.
Immedia secures BT as first customer of its new mobile audio streaming platform
Fri 24 April 2015 16:34
Shares in Immedia jumped 42% after securing BT as the first customer of its mobile audio streaming platform.
Mylan confirms $33bn formal bid for Ireland's Perrigo
Fri 24 April 2015 15:17
Pharmaceutical group Mylan has confirmed it will make a formal bid worth $33bn (£21.8bn) in cash and stock for drug-making firm Perrigo.
Clinigen completes £225m Idis takeover
Fri 24 April 2015 15:10
Pharmaceutical group Clinigen has completed the takeover of sector peer Idis for £225m.
Interbulk says H1 revenues will be down due to decline in oil price
Fri 24 April 2015 15:00
Industrial transportation company Interbulk said its revenues during the first six months of the year will be hurt by the decline in the oil price.
Britain cuts stake in Lloyds Banking Group
Fri 24 April 2015 13:47
Britain has cut its stake in Lloyds Banking Group by another 1% to 20.95%, as the government edges closer towards turning the bank fully private.
British Airways and Iberia to join Europe's low-cost club
Fri 24 April 2015 12:02
International Consolidated Airlines Group, the holding company of British Airways and Iberia, joined the European Low Fares Airline Association (ELFAA) on Friday, in a move that aims to drive the sector's liberalisation within the European Union (EU).
Rotork order intake hit by oil and gas uncertainty
Fri 24 April 2015 10:50
Flow control group Rotork said its order intake declined in the first three months of 2015 as challenging conditions in the oil and gas markets persisted.
Great Portland Estates completes acquisition of remaining Starwood Capital JV
Fri 24 April 2015 10:39
Property development group Great Portland Estates has acquired full ownership of the Great Star Partnership joint venture for £61.4m from investment company Starwood Capital .
Cobham sells two US businesses for $80m
Fri 24 April 2015 10:32
Aerospace technology group Cobham has reached an agreement to sell its Weinschel and Inmet businesses for US$80m (£52.8m) in cash to US group API Technologies.
First Apple watches to reach customers
Fri 24 April 2015 09:48
Apple began to ship its Apple Watch on Friday to customers who had pre-ordered the product on 10 April.
HSBC mulls moving headquarters abroad, AGM bloody nose on board pay
Fri 24 April 2015 09:44
HSBC, the UK's biggest bank, has launched a review into the location of its headquarters due to recent changes in the regulatory landscape but at its general meeting faced shareholder opposition on directors' salaries.
Phoenix Group on track to meet expectations despite cash generation decline
Fri 24 April 2015 09:26
Investment group Phoenix Group said it was on track to meet its full-year targets, despite reporting a decline in first quarter cash generation.
Spectris acquisitions add spice to 'dull' first-quarter results
Fri 24 April 2015 09:22
Industrial instruments maker Spectris posted first quarter results showing unimpressive like-for-like sales growth of 1% but acquisitions adding a spicier 5%.
UBM first quarter trading in line with expectations
Fri 24 April 2015 08:58
Marketing and communication services provider UBM said trading for the full-year was in line with expectations, after a solid performance in the first quarter.
Dixons Carphone sells Dutch business
Fri 24 April 2015 08:26
Telecoms retailer Dixons Carphone has reached an agreement to sell an 83% stake in The Phone House Netherlands BV to Relevant Holdings BV, a vehicle set up for the deal by sector peer Optie1.
AstraZeneca earnings fall as generic drugs depress sales, 16% object to board pay
Fri 24 April 2015 08:11
Drug giant AstraZeneca popped the cap on falling first-quarter sales and earnings but both were at least in line with expectations, while shareholders later gave the board a 'bloody nose' on its director pay policy.
Smiths Group issues €600m bond
Fri 24 April 2015 08:08
Technology group Smiths Group has launched a senior bond worth €600m (£431.4m), which will be used for general corporate funding purposes and to repay certain existing debt.
Pearson trading in line with expectations, chairman to step down
Fri 24 April 2015 07:54
Publishing and education group Pearson said it was in line to meet its full-year expectations after a solid start to the year.
Reckitt Benckiser starts strong on demand for Nurofen and Durex
Fri 24 April 2015 07:25
First-quarter numbers from Reckitt Benckiser were better than the market expected, with like-for-like sales from the household goods behemoth up 5% thanks to strong growth from consumer health brands such as Nurofen, Gaviscon and Durex.
BAE Systems hires banks to examine divisional disposal
Fri 24 April 2015 07:08
After receiving some takeover interest, BAE Systems confirmed it was pondering a disposal of its US-based manpower and services businesses, which operates in the US intelligence and security (I&S) sector.
Friday preview: Eurogroup puts Greece on the table at Riga meeting
Thu 23 April 2015 16:13
Greece will dominate the agenda on Friday when Eurozone finance ministers gather in Riga.
Cobham says full-year results will be in line with expectations despite currency headwinds
Thu 23 April 2015 14:40
Aerospace and defence manufacture Cobham said it expects its full-year results to be in line with forecasts despite the adverse impact on earnings from foreign currency translation during the first quarter of the year.
Acacia Mining's Q1 profits fall on weaker gold prices
Thu 23 April 2015 13:35
Gold miner Acacia Mining reported a decline in profits due to the decline in gold prices during the first quarter of the year.
Deutsche Bank pays $2.5bn to settle Libor rigging claims in UK and US
Thu 23 April 2015 12:59
Deutsche Bank has agreed to pay $2.5bn to settle US interest rate-rigging claims from UK and US regulators, including the largest ever UK fine for rate manipulation.
Senior slips after cautious first-quarter statement
Thu 23 April 2015 11:55
A subdued Senior cautioned of slower production rates of new Airbus aeroplanes and but said that this was being offset by an accelerating trucks market and stronger dollar.
Sainsbury's to axe 800 jobs as part of restructuring
Thu 23 April 2015 10:54
J Sainsbury on Thursday revealed plans to slash 800 jobs as part of a restructuring amid the price war between the UK's biggest supermarkets.
Matomy Media issues profit warning after programmatic ad clampdown
Thu 23 April 2015 10:24
Less than a year after floating in London, Israeli digital advertising company Matomy Media has issued a profit warning due to a clampdown by ad platforms.
WPP like-for-like sales disappoint in first quarter but outlook remains positive
Thu 23 April 2015 10:01
First quarter like-for-like sales growth from Sir Martin Sorrell's WPP was slightly slower than hoped, though profits and margin at the media megalith were "well above target" and the outlook statement was unchanged.
WANDisco dances on the spot as booking volatility persists
Thu 23 April 2015 08:54
Big data software company Wandisco said volatility in bookings continued but that revenues had risen 20% in the first quarter.
Bodycote posts mixed Q1 results as exchange rates hurt automotive revenues
Thu 23 April 2015 08:42
Industrial materials engineer Bodycote enjoyed strong revenues in its aerospace division during the first quarter of the year, despite a decline in general industrial turnover due to weak agricultural equipment demand.
China regulator imposes a £37.6m fine on Mercedes-Benz
Thu 23 April 2015 08:16
A Chinese local regulator fined Mercedes-Benz $56.5m (£37.6m) for antitrust violations on Thursday.
Taylor Wimpey buoyed by housing market resilience ahead of elections
Thu 23 April 2015 08:04
UK housebuilder Taylor Wimpey delivered a bullish statement to the market on Thursday, saying that a strong economy has prompted an upbeat start to the spring selling season.
William Hill profits pummeled by record football losses and new taxes
Thu 23 April 2015 07:42
First quarter profits shrank at William Hill in part due to the bookmaker's worst ever loss-making week from football betting and the new UK betting taxes.
Anglo reports mixed Q1 production, lowers diamond guidance
Thu 23 April 2015 07:36
Diversified mining giant Anglo American said it delivered a "solid" production performance in the first quarter, in line with its expectations despite two of its three largest divisions experiencing declines in output.
Pace set for £1.4bn takeover by US group Arris, profits up in Q1
Thu 23 April 2015 07:18
Pace, the UK cable television set-top box maker, has agreed to be taken over by US telecommunications equipment manufacturer Arris in a $2.1bn deal and said profits in the first quarter were up on the prior year.
Meggitt flies steadily in first quarter with 4% sales growth
Thu 23 April 2015 07:14
Trading in the first quarter of 2015 at aeroplane components maker Meggitt has continued along its expected flight path of low to mid single-digit revenue growth for the full year.
Bunzl subsidiary implementing new project streamlining platform
Thu 23 April 2015 03:35
Bunzl Distribution, a US subsidiary of global logistics and outsourcing giant Bunzl, is deploying a new project management IT platform from NYSE-listed ServiceNow, which it hopes will lead to headline efficiency savings, according to the executive managin
Finance, pharma companies lead FTSE 350 in IT efficiency savings, KPMG says
Thu 23 April 2015 02:04
Financial services and pharmaceutical companies are leading the FTSE 350 in improving efficiencies, driving digital process optimisation and corporate streamlining, according to a KPMG expert.
Facebook first quarter earnings slightly above estimates
Wed 22 April 2015 21:04
Facebook posted first quarter earnings slightly above estimates on Wednesday.
S&P downgrades Petrofac's debt rating after profit warning
Wed 22 April 2015 17:30
Ratings agency Standard and Poor's downgraded its rating on Petrofac's long-term debt in light of the company's latest announcement of cost overruns.
Thursday preview: Taylor Wimpey and William Hill report
Wed 22 April 2015 16:10
Taylor Wimpey is expected to reveal strong sales in the year to date when the housebuilder publishes its trading update on Thursday.
London Stock Exchange boss says M&A with rival likely
Wed 22 April 2015 15:56
The boss of the London Stock Exchange Group has said that the market operator could potentially be part of a tie-up with one of the other four main Western exchange groups within the next two years.
New Rolls-Royce CEO Warren East steps down from BT board
Wed 22 April 2015 15:43
Warren East, the newly-appointed boss of engine maker Rolls-Royce, is to step down from his position on BT's board after just 14 months, the telecoms group announced.
Telford Homes poised to beat forecast, eyes "huge redevelopment potential" in London
Wed 22 April 2015 14:47
London residential property developer Telford Homes is confident of beating full year forecasts and expects to sustain continued growth due to strong demand and inner-city regeneration, chief executive Jon Di Stefano told Digital Look.
Ultrasis calls in administrators after fundraising fails
Wed 22 April 2015 14:25
Healthcare services group Ultrasis has declared itself bankrupt after a failed attempt to raise cash from its major shareholder Paul Bell.
Coca Cola's Q1 revenues rise despite currency headwinds and "volatile" macroeconomic environment
Wed 22 April 2015 13:55
An increase in drink prices and investment in marketing drove Coca-Cola's revenues up during the first quarter of the year despite a decline in Diet Coke sales.
McDonald's earnings undercooked as Asia and US restructuring bite
Wed 22 April 2015 13:05
First-quarter earnings were considerably undercooked at McDonald's as the burgers-and-milkshakes chain reported "negative guest traffic in all major segments" and was buffeted by currency headwinds.
Boeing's first-quarter earnings take-off to beat forecasts
Wed 22 April 2015 13:03
Boeing's quarterly earnings soared ahead of analysts' forecasts as the aerospace engineer received more orders.
Creston acquires majority stake at Splendid, full-year results in line
Wed 22 April 2015 12:03
Marketing communications group Creston expects full-year results to be in line with forecasts.
Petrobras delayed results should prevent forced Brazilian debt repayment
Wed 22 April 2015 11:45
Brazilian oil company Petrobras is due to finally deliver its fourth quarter results on Wednesday night, heading off the threat of a forced government debt repayment of around 5% of Brazil's gross domestic product.
Gazprom charged by EU regulators over Eastern Europe antitrust tactics
Wed 22 April 2015 11:20
European regulators have formally charged Russian energy behemoth Gazprom with anti-competition charges over its central and eastern European business.
Connect Group's full year trading in line, despite decline in interim profits
Wed 22 April 2015 11:19
Distribution group Connect Group said trading was on track to meet its full-year expectations, despite a decline in pre-tax profits during the first half.
FCA fines Merrill Lynch for transaction reporting failures
Wed 22 April 2015 10:12
The UK financial regulator has issued its largest ever fine for transaction reporting failures to Merrill Lynch International.
Allied Minds subsidiary raises £20m
Wed 22 April 2015 10:07
Science technology group Allied Minds said its subsidiary SciFluor Life Sciences has raised $30m (£19.9m).
Punch Taverns turns losses into profits and reduces debt during first-half
Wed 22 April 2015 09:37
Pub and bar owner Punch Taverns said on Wednesday it expects to meet its full-year forecasts as it moved its losses into profits during the first half of the year.
Bwin.Party awarded licence in New Jersey
Wed 22 April 2015 09:37
Bookmaker Bwin.Party Digital Entertainment said two of its US subsidiaries have been awarded a Casino Service Industry Enterprise Licence by the New Jersey Division of Gaming Enforcement.
Kier Group secures £170m contract for London project
Wed 22 April 2015 09:04
Construction and services company Kier Group has been awarded a £170m contract by Greenland Group as part of a major regeneration scheme in Wandsworth, London.
Croda international posts strong H1 sales in healthcare
Wed 22 April 2015 08:51
Sales in chemicals maker Croda International increased during the first-half of the year thanks to strong growth at its healthcare division.
Ladbrokes falls as quarterly results disappoint
Wed 22 April 2015 08:49
First-quarter results from Ladbrokes disappointed as the bookmaker revealed operating profits were down materially due to customer friendly sporting results and new UK tax rules.
Galliford Try JV wins £560m deal with Scottish Water
Wed 22 April 2015 08:37
Housebuilding company Galliford Try has been appointed as preferred bidder by Scottish Water for its non-infrastructure Quality and Standards IV framework.
Facebook expands presence in London at British Land's Regent's Place
Wed 22 April 2015 08:18
Real estate group British Land has announced that social media giant Facebook has secured a number of new offices in London on its Regent's Place site.
Bullring owner Hammerson cuts cost of debt through new refinancing
Wed 22 April 2015 08:04
Property group Hammerson has further cut the cost of its debt after inking a new £415m revolving credit facility (RCF) with a syndicate of nine banks at a lower interest rate.
Rolls-Royce unveils Warren East as new CEO
Wed 22 April 2015 07:55
Aerospace and power systems group Rolls-Royce Holdings has named Warren East as its new chief executive officer.
Reed Elsevier on track to grow profits this year
Wed 22 April 2015 07:34
Reed Elsevier, the Anglo-Dutch media company changing its name to RELX Group, said its full-year outlook remains unchanged with business trends in the first quarter consistent with last year.
Tesco full year results reveal record £6.4bn loss
Wed 22 April 2015 07:15
Full-year results from Tesco showed a larger than expected pre-tax loss of £6.4bn - the biggest in retail history - as well as a ravaged balance sheet as chief executive Dave Lewis looked to "draw a line under the past".
BHP Billiton announces project delay, shares slip
Wed 22 April 2015 07:15
BHP Billiton announced it would postpone some plans to increase iron ore output, which analysts said signalled the first admission by a major producer of the need to curtail excessive supply growth.
Travis Perkins grows Q1 sales despite plumbing and heating weakness
Wed 22 April 2015 07:07
UK timber and builders merchant Travis Perkins said trading was in line with expectations in the first quarter with three out of four of its businesses performing well against strong comparators.