Company news from ShareCast
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.
Verizon Communications drops following quarterly results
Tue 21 April 2015 17:11
Profits at US telecommunications giant Verizon Communications dropped sharply at the start of 2015, although growth in customers numbers remained strong thanks to promotions.
Thalassa jumps 10% on Barents Sea agreement
Tue 21 April 2015 16:36
Shares in Thalassa Holdings rose more than 10% on Tuesday, after the holding company said its WGP Group Ltd subsidiary has been awarded a seismic services contract by Norway-based TGS-NOPEC Geophysical Company ASA.
Kea Petroleum jumps as it turns to crowd-funding
Tue 21 April 2015 16:12
Shares in Kea Petroleum jumped almost 20% on Tuesday, after the oil and gas explorer said it had joined a crowd-funding platform in a bid to raise £3m.
Toumaz's full-year loss widens as investment continues
Tue 21 April 2015 16:05
British digital radio, connected audio and wireless healthcare group Toumaz saw its losses widen in 2014 due to strong investments.
K3 Business acquires Willow Starcom from Access Intelligence
Tue 21 April 2015 15:53
Business systems supplier K3 Business Technology Group has acquired IT support services company Willow Starcom from Access Intelligence PLC for £1.8m in a cash deal.
Credit Suisse reports strong Q1 profits, but capital concerns hit shares
Tue 21 April 2015 15:48
Credit Suisse beat analysts' forecasts with a jump in profits in the first quarter, though worries about the bank's capital position saw shares drop in Zurich.
General Motors' sales accelerate in the first quarter
Tue 21 April 2015 15:31
Automotive giant General Motors said it sold 2.4m vehicles globally in the first three months of the year, a 2% increase year-on-year, as growth in China, the US and Western Europe offset weakness in Russia and Brazil.
Wednesday preview: Tesco expected to report annual loss of up to £5bn
Tue 21 April 2015 15:13
Tesco is expected to report an annual loss of up to £5bn on Wednesday following an accountancy scandal and amid fierce competition between the UK's leading supermarkets.
Ladbrokes launches Irish restructuring, redundancies 'likely at all levels'
Tue 21 April 2015 14:38
Less than a month after taking charge, Ladbrokes' new chief executive Jim Mullen has put the bookmaker's lossmaking Irish business into examinership in order to conduct a major restructuring.
Shoe Zone posts H1 profit warning due to unseasonable weather, shares decline 28%
Tue 21 April 2015 11:52
Shares in Shoe Zone plunged by 28% after warning its half-year revenues and profits will be below market expectations due to the unseasonable weather seen on autumn and winter trading period.
UK retailer House of Fraser expands to China
Tue 21 April 2015 11:21
UK department store House of Fraser announced on Tuesday it will open three stores in the Chinese cities of Nanjing, Chongqing and Xuzhou in 2016 and 2017.
Carpetright expects full-year profits to be ahead of forecasts
Tue 21 April 2015 11:21
Carpetright, a carpet and floor covering retailer, expect its full-year profits before tax to be ahead of market expectations thanks to strong UK sales and improvements in the rest of Europe.
Utilitywise jumps on strong first half results and acquisition
Tue 21 April 2015 11:06
Shares in Utilitywise rose over 5% on Tuesday, after the energy and water consultancy business said its first half pre-tax profit rose on the back of a sharp increase in revenue from its core Enterprise division.
Patagonia Gold appoints new CEO
Tue 21 April 2015 10:40
Mining group Patagonia Gold has appointed Christopher van Tienhoven as its new chief executive to replace Bill Humphries, who will remain with the company as executive director.
Pharma M&A rumbles on as generic drug giant Teva poised for Mylan merger
Tue 21 April 2015 10:27
The recent trend for biotech mergers and acquisitions (M&A) is expected to continue on Tuesday as Israeli generic drug giant Teva Pharmaceutical Industries Ltd is said to be poised to launch a takeover of US rival Mylan NV.
UK supermarket sector to face major grocery pricing probe by CMA
Tue 21 April 2015 10:05
An investigation has been launched into the supermarket sector by the UK competition regulator after a "super-complaint" from consumer organisation Which? due to the industry's "misleading and opaque pricing practices".
Wonga swings to a loss as UK consumers drop
Tue 21 April 2015 09:47
Payday lender Wonga swung to a loss in 2014, following a major overhaul in its structure and operations.
UK Commercial Property outperforms benchmark in 2014, completes refinancing
Tue 21 April 2015 09:11
Investment group UK Commercial Property Trust said a growth in its portfolio capital and asset management moves drove net asset value per share sharply higher in 2014.
International Personal Finance escapes second Polish punishment
Tue 21 April 2015 09:03
Shares in International Personal Finance were boosted on Tuesday morning as the home-credit group escaped a fine from Poland's consumer protection authority, though several issues still dog the company in that country.
Mytrah Energy reports strong full-year earnings thanks to good wind levels
Tue 21 April 2015 08:45
Indian wind power group Mytrah Energy saw its shares jump on Tuesday after posting strong full-year revenues.
Tate & Lyle unveils restructuring plans
Tue 21 April 2015 08:42
Food ingredients maker Tate & Lyle is set to implement a restructuring process, which will see the company leave the majority of its European bulk ingredients business and make changes to its Splenda sucralose division.
Informa reiterates full year guidance after solid first quarter
Tue 21 April 2015 08:11
Publishing and events group Informa PLC reiterated its full year guidance after a positive trading performance in the first quarter of 2015.
Pets at Home reports strong annual growth
Tue 21 April 2015 08:01
Pet food and pet products retailer Pets at Home Group has seen annual like-for-like sales jump 4.2% in its first year since floating on the stock exchange.
Amec Foster Wheeler wins power generation contract
Tue 21 April 2015 08:00
Energy and mining engineering group Amec Foster Wheeler has won a power generation contract for a new power plant in the Philippines.
Sky profits up 20% after best UK quarterly growth in 11 years
Tue 21 April 2015 07:52
Third-quarter results from Sky generated the most growth in 11 years, it said, as near 70% growth in new customers fed through to a 20% increase in operating profits over the financial year to date.
ARM Holdings paints bright picture after topping guidance in first quarter
Tue 21 April 2015 07:13
Smartphone and tablet microchip designer ARM Holdings beat its own guidance with a 14% jump in dollar revenues in the first quarter of 2015, as it delivered an upbeat outlook for the rest of the year.
Rio Tinto maintains full-year production guidance
Tue 21 April 2015 07:09
Australian iron ore miner Rio Tinto will meet its full-year production targets despite lower than expected iron-ore shipments as a result of poor weather and transport delays.
AB Foods profits stumble as surging Primark growth constrained by currencies
Tue 21 April 2015 07:08
Profits at Associated British Foods fell in the first half as the surging performance of its Primark fast-fashion chain was outweighed by a weaker sugar business.
Tuesday preview: Primark and sugar in focus as Associated British Foods reports half-year results
Mon 20 April 2015 16:17
Associated British Foods (ABF) on Tuesday reports its half-year results, which are expected to show lower margins on sugar and the expansion of its Primark arm.
HMV overtakes Amazon as number one physical music retailer
Mon 20 April 2015 16:02
British entertainment shop HMV has reclaimed its position as the number one music retailer driven by a surge in physical music sales, Kantar Worldpanel said on Monday.
Vedanta's Hindustan Zinc reports strong Q4 thanks to higher zinc sales
Mon 20 April 2015 13:46
Vedanta's subsidiary Hindustan Zinc reported on Monday that it recorded its "best-ever" performance during the last quarter of the year thanks to strong demand and a declining in mine surplus which is expected to boost the price of zinc.
Morgan Stanley's quarterly earnings trounce analysts' forecasts
Mon 20 April 2015 12:56
US bank Morgan Stanley saw profits jump at the start of 2015 thanks to a strong performance at its equity sales and trading arm.
Frontera Resources jumps on Georgian project update
Mon 20 April 2015 10:54
Shares in Frontera Resources jumped by over a tenth on Monday after the oil and gas explorer said it estimated up to 8.29trn cubic feet of in-place gas at the Mtsare Khevi project in Georgia.
Liberty Global's Telenet to acquire BASE from KPN for €1.33bn
Mon 20 April 2015 10:02
Liberty Global's Belgian arm Telenet announced on Monday it will acquire Royal KPN's Belgian subsidiary BASE in a transaction valued at €1.33bn (£938.5m).
Co-op Group says it can't fully commit to Fairtrade products
Mon 20 April 2015 09:56
The Co-operative Group has told its members that it cannot fully commit to stock Fairtrade products because of increased competition in the sector.
International Public Partnership increases stake in Lewisham project
Mon 20 April 2015 08:38
Investment group International Public Partnership (IPP) has acquired an additional 40% investment in the Lewisham Building Schools for the Future (BSF) project from Babcock Project Investments.
Evraz steel output holds steady in Q1, but declines seen in Q2
Mon 20 April 2015 07:55
Russia-focused steel producer Evraz saw stable output levels in the first quarter of 2015 but warned that production will drop over the next three months.
LondonMetric completes sales of distribution facility
Mon 20 April 2015 07:53
Investment group LondonMetric Property has completed the sale of its Travis Perkins distribution facility in Brackmills, Northamptonshire, to CBRE Global Investors for £14.4m.
Petrofac hit by further £130m loss on Shetland gas project
Mon 20 April 2015 07:36
Oilfield services outfit Petrofac has said it expects to recognise a further loss of $195m (£130m) in 2015 for the Laggan-Tormore gas plant project on Shetland.
Aveva expects to meet estimates with annual results
Mon 20 April 2015 07:11
Engineering software group Aveva has delivered a short, albeit positive, pre-close trading update which said annual results should meet analysts' forecasts.
Quindell receives takeover approach, sources claim
Sun 19 April 2015 14:46
Quindell received a takeover approach for its telematics business from Tantalum, a company connected to City financier Edmund Truell, reports said late on Friday.
Coca-Cola to buy Chinese protein drink company for $400m
Fri 17 April 2015 15:35
Soft drinks behemoth Coca-Cola on Friday said it is to spend $400.5m on a Chinese protein drinks group.
Poundland ploughs ahead with 99p Store deal with full CMA probe
Fri 17 April 2015 15:15
Discount retailer Poundland has decided to plough ahead with its takeover of rival 99p Stores and has agreed to the UK competition regulator's demand for a full investigation.
Quindell shareholders approve Slater & Gordon deal
Fri 17 April 2015 14:30
Shareholders in Quindell on Friday voted to approve the £700m sale of the company's "no win, no fee" personal injury business to Australian law-firm Slater & Gordon.
Rightster Group extends contract with 20th Century Fox
Fri 17 April 2015 13:01
Rightster Group, a video distribution and monetisation network, said on Friday it has extended its global partnership with 20th Century Fox to extend its YouTube presence.
Ryanair told to reduce its stake in Aer Lingus
Fri 17 April 2015 12:05
Budget airline Ryanair has been forced to reduce its 29.8% stake in Irish carrier Aer Lingus by the Competition and Markets Authority (CMA).
Rolls Royce clinches largest ever client order
Fri 17 April 2015 11:18
Rolls Royce has announced its largest ever order win, cementing its position as the favoured supplier of power plants for Airbus's signature A380 aircraft.
Serco's £555m rights issue wins backing of shareholders
Fri 17 April 2015 11:04
Shares in outsourcing company Serco dipped into the red on Friday after shareholders approved a rights issue, throwing their weight behind the board's plans to turn the group around.
Quantum Pharma completes Lamda takeover
Fri 17 April 2015 10:32
Pharmacy and hospital supplier Quantum Pharma has agreed a €9.7m (£7m) deal to acquire pharmaceutical development company Lamda.
Bloomberg blackout hits financial markets, fixed income worst affected but BoE unaffected
Fri 17 April 2015 09:38
In the City of London and in financial centres around the globe traders and analysts were left gnashing their teeth as their Bloomberg computer terminals crashed on Friday morning, with fixed income markets suffering an especially large impact.
News UK signs e-sports agreement with Gfinity
Fri 17 April 2015 09:27
E-sports group Gfinity has agreed a two-year commercial partnership with Rupert Murdoch's News UK.
Roxi Petroleum enters $20m agreement with BOCO
Fri 17 April 2015 08:56
Oil and gas explorer Roxi Petroleum has entered a subscription agreement with Hong Kong-based BOCO limited to raise $20m at above the current market price.
Banco Sabadell to formalise bid for TSB
Fri 17 April 2015 08:39
Spain's Banco Sabadell agreed to formalise the bid for TSB Banking Group valued at approximately £1.7bn, kicking off the acceptance period by the shareholders of the British bank.
Nestle first quarter sales sweeter than expected
Fri 17 April 2015 08:20
Nestle, the world's biggest packaged food maker, said an increase in prices and volume boosted its first quarter sales.
Kromek warns of contract delays from government and OEM customers
Fri 17 April 2015 08:16
Shares in x-ray and gamma-ray detection company Kromek were traded 10% lower after it warned that revenue growth for the full year would be lower than it had recently boasted.
Astrazeneca wins US Orphan status for eye cancer drug
Fri 17 April 2015 07:35
Astrazeneca's eye cancer treatment, selumetinib, has been given 'orphan drug' status by US regulators, which should smooth its path to full approval.
Netflix beats expectations during Q1 with 62.3m global subscribers
Thu 16 April 2015 16:58
Netflix jumped on Thursday after announcing it added 4.9m new subscribers during the first quarter of the year.
Party City rockets on launch of IPO
Thu 16 April 2015 16:53
Party supplies chain Party City saw shares rocket by more than 20% after going public on Thursday.
Google forced to apologise after using false figures in EU defence
Thu 16 April 2015 16:18
Google has been forced to apologise for using false data in its defence of European competition charges.
Inditherm full-year loss widens due to delays in NHS projects
Thu 16 April 2015 16:12
Heating provider Inditherm saw shares plunge 21% on Thursday after it reported a significant increase in full-year losses due to project delays in the NHS.
Friday preview: Eurozone and US CPI, UK jobs data
Thu 16 April 2015 15:55
Eurozone consumer price data will be released on Friday as the European Central Bank (ECB) tries to bring the bloc out of deflation through its stimulus measures.
Altona Energy's CEO resigns, shares jump 22%
Thu 16 April 2015 15:00
Shares in Altona Energy jumped by nearly 22% after it announced an amendment of its joint venture with Sino-Aus Energy and Wintask.
South Africa's Brait takes 80% stake in Richard Branson's Virgin Active
Thu 16 April 2015 14:59
Johannesbourg-listed Brait is to take a controlling interest in Virgin Active, the chain of gyms part-owned by Sir Richard Branson's Virgin Group empire, in a deal that gives the business an enterprise value of £1.3bn.
Citigroup first quarter revenues jump above expectations as costs fall
Thu 16 April 2015 14:03
US banking giant Citigroup said its first quarter profit rose 16%, on the back of a drop in legal and restructuring costs.
Xchanging expects H1 losses to widen
Thu 16 April 2015 13:59
Business process services group Xchanging saw its shares go down on Thursday after warning that its procurement division will post a greater first-half loss than in 2014.
Goldman Sachs trounces analysts' forecasts
Thu 16 April 2015 12:59
Wall Street heavyweight Goldman Sachs reported that net revenues came in at a four-year high, as the quarterly top-line at its investment banking unit was at its best since 2007.
Plus500 posts positive Q1 thanks to "exceptional" Swiss franc movement
Thu 16 April 2015 12:17
Plus500, an online service provider for retail customers to trade internationally, said its full-year results are in line with expectations.
Mothercare impresses as upmarket move yields first UK growth in years
Thu 16 April 2015 11:54
Shares in Mothercare moved higher after the retailer issued a solid fourth-quarter update, with UK sales returning to quarterly growth for the first time in several years.
Morrisons to cut 720 head office jobs and recruit 5,000 shop floor staff
Thu 16 April 2015 11:41
Supermarket group Morrisons plans to cut up to 720 roles at its head office in order to start recruiting for 5,000 shop floor staff.
ICAP boss Michael Spencer to move to New York if Labour wins election
Thu 16 April 2015 11:10
Brokerage firm Icap's boss Michael Spencer threatened to move the company from the UK to the US if Labour wins the General Election.
WH Smith first half profit edges higher
Thu 16 April 2015 09:55
Retail group WH Smith said its first half pre-tax profit edged higher on the back of a sharp improvement in margins.
Polymetal first quarter output drops, reiterates annual guidance
Thu 16 April 2015 09:04
Gold and silver miner Polymetal International reported a drop in first quarter output due to a decline in grades at two of its mines, but reiterated its annual production guidance.
Debenhams posts H1 results above forecasts
Thu 16 April 2015 08:51
UK department store chain Debenhams has posted half-year results above its forecast, reversing a decline in sales over its financial first quarter.
Ex-Fed Chairman to join hedge-fund Citadel
Thu 16 April 2015 08:38
Former Federal Reserve chief Ben Bernanke is to become a senior advisor to $25bn hedge fund Citadel Investment Group.
Petra Diamonds plunges on profit warning
Thu 16 April 2015 08:30
Shares in Petra Diamonds plunged early on Thursday as the diamond mining group said its annual results are expected to fall below market expectations.
Telecom Plus tanks after profit warning on gas debtor writedown
Thu 16 April 2015 08:12
Telecom Plus has warned that profit growth for 2015 and 2016 will be well below market expectations as the Utility Warehouse owner unexpectedly wrote down a large amount of unbilled customer debt.
Pennon acquires Bournemouth Water for £100m
Thu 16 April 2015 08:08
Waste management and water utility company Pennon Group has reached an agreement to acquire Bournemouth Water from Sembcorp Holdings for £100.3m.
Persimmon makes strong start, but notes pre-election uncertainty
Thu 16 April 2015 07:57
UK housebuilder Persimmon said the ongoing economic recovery helped it make an "encouraging start" to 2015, though political uncertainty ahead of the elections next month was affecting the land market.
Diageo sales disappoint as currency and comparatives leave bitter taste
Thu 16 April 2015 07:22
Organic sales from Diageo fell 0.7% in the third quarter, a much worse result than the increase analysts had expected, as the drinks group blamed currency headwinds in Latin America and tough comparatives in the UK.
Growth at drinks giant SABMiller picks up in Q4
Thu 16 April 2015 07:19
Miller Lite, Peroni and Grolsch maker SABMiller impressed the market on Thursday with a strong finish to its financial year as robust growth in Africa and Latin America helped accelerate top-line momentum in the fourth quarter.
Unilever first quarter sparkles as sees 'more tailwinds than headwinds'
Thu 16 April 2015 07:14
Unilever has lifted it quarterly dividend 6% as consumer goods colossus enjoyed a strong start to 2015 with underlying sales for the first quarter ahead of analyst estimates.
Saudis snap up former Canadian wheat monopoly for $250m
Wed 15 April 2015 16:41
Saudi Arabia's major agriculture firm, Saudi Agricultural & Livestock Investment Co, is snapping up the Canadian Wheat Board through its joint venture Bunge Canada and SALIC Canada for $250-million.
Thursday preview: Debenhams expected to report flat half-year results
Wed 15 April 2015 16:13
Debenhams will update the market on its progress with the company's interim results due out on Thursday, following a disappointing first-quarter trading statement in January.
Iofina on track to meet first half production target
Wed 15 April 2015 16:12
Iodine producer Iofina said it produced a record amount of the element last month and was on target to meet its target for the first half of the year.
Cyprotex posts operating loss for first time in 7 years after contract delays in the US
Wed 15 April 2015 16:08
Drug research group Cyprotex reported an operating loss in 2014 for the first time in 7 years.
Private & Commercial jumps on better than expected growth
Wed 15 April 2015 15:28
Shares in Private & Commercial Finance Group rose over 7% on Wednesday after the group said it expected its annual results to be ahead of expectations.
DJI Holdings posts profit warnings as China suspends online lottery sales
Wed 15 April 2015 14:44
Chinese technology company DJI Holdings expects its full-year results to fall below market expectations owing to delays associated with the suspension of online lottery sales in China.
Yahoo! reportedly eyeing up local search group Foursquare
Wed 15 April 2015 14:43
US internet giant Yahoo! is reportedly in talks to snap up Foursquare in a deal that could value the local business search group for $900m.
Polymetal enters Armenia with 25% stake in high-grade Lichkvaz project
Wed 15 April 2015 14:40
Russian precious metals group Polymetal has entered into the Armenian market by acquiring a stake in the Lichkvaz property, a high-grade project which it says has "significant" potential.
Billington Holdings wins contract to build Next's warehouse
Wed 15 April 2015 14:15
Steel and construction safety group Billington Holdings has won a contract to build a distribution warehouse in Doncaster for fashion retailer Next.
Bank of America swings into profit in first quarter after settling legal fees
Wed 15 April 2015 12:57
US banking titan Bank of America returned to profit in the first quarter of this year after settling litigation and regulatory costs that dogged its earnings last year.
Cohort's SCS wins contract with UK's Joint Forces Command
Wed 15 April 2015 12:48
Technology group Cohort said on Wednesday that its SCS subsidiary had won a UK armed service contract.
Caretech says H1 was in line with expectations after increasing bed capacity
Wed 15 April 2015 11:50
Social care services group Caretech said on Wednesday that its half year results were in line with expectations.
EU formally charges Google for competition violations in web search
Wed 15 April 2015 11:05
European competition regulators have formally charged Google for abusing its dominant position in the internet search market and also announced it has started a probe into the search and technology giant's Android operating system.
UK regulator slaps BNY Mellon with fine for failing in custodial duties
Wed 15 April 2015 10:40
The UK financial regulator has slapped Bank of New York Mellon International with a significant fine for failures in safeguarding around £1.5trn of client assets in the UK.
Oxford Instruments expects annual profit to be in line with expectations
Wed 15 April 2015 10:10
Manufacturing and research group Oxford Instruments said trading in the three months to the end of March was in line with forecasts.
UKOG climbs down on Horse Hill oil estimates
Wed 15 April 2015 10:06
After recently announcing what had been hailed as the largest onshore UK oil find in three decades, UK Oil & Gas Investments has rained on the fevered media parade by clarifying that it has little idea of the real size of resource, beyond its own acreage.
Omega Diagnostics generates alpha with encouraging update
Wed 15 April 2015 10:05
Shares in Omega Diagnostics were seen as a better investment on Wednesday after a trading update indicated full-year results will be ahead of target and revealed encouraging developments with the product portfolio.
Tracsis sees H1 profits rise 24% on organic growth
Wed 15 April 2015 09:39
Software group Tracsis remains on track to deliver full-year earnings in line with expectations after it posted an increase in revenues and profits during the first half of the year.
Speedy Hire's revenue on track to meet expectations
Wed 15 April 2015 09:12
Equipment rental and plant hire services group Speedy Hire said it expected annual revenue to be in line with expectations.
Homeserve reaches 2m customers in the US
Wed 15 April 2015 09:11
Homerserve said its US division has reached 2m customers and 3m service plans.
Pets at Home unveils £260m credit facility
Wed 15 April 2015 08:54
Pets at Home Group, a retailer of pet-related products and services, announced on Wednesday a five-year £260m revolving credit facility.
Dixons Carphone completes disposal of The Phone House Deutschland
Wed 15 April 2015 08:48
Telecoms retailer Dixons Carphones has reached an agreement to sell The Phone House Deutschland GmbH to Drillisch AG, a leading mobile virtual network operator in Germany.
JD Sports hurdles 2016 forecasts a year early
Wed 15 April 2015 08:25
The pace of growth at JD Sports has seen the sportswear retailer sprint past its 2016 forecasts a year early and hurdle £100m of operating profits for the first time after it disposed of its lossmaking young-fashion division in November.
Bunzl first quarter revenue rises on acquisitions
Wed 15 April 2015 08:12
Business supplies distributor Bunzl said trading in the first quarter was in line with expectations put forward at the company's annual results announcement in February.
Fresnillo on track as silver and gold output jumps in first quarter
Wed 15 April 2015 08:01
Mexican precious metals producer Fresnillo made an impressive start to 2015 with both silver and gold output up significantly over last year, putting the company on track to hit its annual targets.
Old Mutual appoints new CEO Hemphill
Wed 15 April 2015 07:57
Insurance and banking group Old Mutual has appointed well-respected South African banker Bruce Hemphill as its new chief executive.
Jupiter Fund Management more than doubles net inflows in first quarter
Wed 15 April 2015 07:45
Jupiter Fund Management more than doubled inflows of cash from clients in the first quarter of this year, driven by surging valuations across equity and bond markets.
Morgan Stanley receives $1bn offer for physical oil trading unit
Wed 15 April 2015 07:26
Investment bank Morgan Stanley has received an offer of just over $1bn for its physical oil trading unit, according to various media reports on Wednesday.
Trench coat and scarf sales lift second-half revenues at Burberry
Wed 15 April 2015 07:24
High end fashion label Burberry said strong demand for its iconic heritage trench coats and scarves gave results a boost in the second half, though the outlook was mixed.
Astrazeneca boosted by US diabetes recommendation
Wed 15 April 2015 07:15
Astrazeneca gave US regulatory updates on two pipeline products, with an encouraging review for a pair of diabetes treatments and granting of 'orphan drug' status for a cancer treatment that should ease its path to marketing approval.
China South Rail's subsidiary buys UK Specialist Machine Developments
Wed 15 April 2015 07:08
Zhuzhou CSR Times, a subsidiary of China South Rail's, has bought the entire share capital of Wallsend-based subsea equipment manufacturer Specialist Machine Developments (SMD) for £130m.
Hunting warns profits down 60% in first quarter as oil industry cuts back
Wed 15 April 2015 07:02
Oil industry services group operating profits were approximately 60% lower during the first quarter of 2015 compared to the same period last year.
Intel shares rise following quarterly results
Tue 14 April 2015 22:16
Semiconductor manufacturer Intel Corp. on Tuesday reported somewhat mixed financial figures for the first quarter of 2015, although its full-year sales guidance beat forecasts and gross margins improved.
Google to face $6.6bn anti-competition charges from EU regulator
Tue 14 April 2015 21:19
The European Union has decided to file antitrust charges against Google, stemming from an alleged competition violation arising from the internet and technology giant's dominance of the internet search market.
Wednesday preview: ECB's QE programme in focus as Draghi announces policy
Tue 14 April 2015 17:54
The European Central Bank (ECB) on Wednesday reveals its latest policy decision and the market will be watching closely to see what President Mario Draghi has to say about the effectiveness of the quantitative easing programme.
Northbridge warns on profits due to poor oil industry visibility
Tue 14 April 2015 16:10
Despite revealing solid growth in 2014, shares in Northbridge Industrial Services took a hit after the equipment supply group warned first-half profits would be lower than last year's.
Spire Healthcare drops after owner Cinven sells down stake
Tue 14 April 2015 15:28
UK hospital operator Spire Healthcare dropped sharply after private equity group Cinven sold down its stake to 38.3% with a £136m share sale not long after the company released encouraging maiden results.
Horizon Discovery jumps as company continues to invest
Tue 14 April 2015 15:17
Biotech group Horizon Discovery Group said annual gross margins and revenue grew strongly in 2014 but investments weighed on profit.
Johnson & Johnson beats Q1 forecasts but trims guidance
Tue 14 April 2015 15:02
Consumer products, pharmaceutical and medical devices titan Johnson & Johnson beat Wall Street estimates with its first-quarter earnings on Tuesday, but scaled back forecasts for the full-year on the back of a stronger dollar.
Phones4u creditors set to gain a small return on debt
Tue 14 April 2015 14:55
Creditors of former UK mobile phone retailer, Phones4u, are expected to get a little return on their money.
Saint-Gobain acquires 70% stake in Brazilian industrial abrasives group
Tue 14 April 2015 14:24
French manufacturing giant Saint-Gobain has acquired a 70% stake in Brazil-based British Indústria e Comércio Ltda for an undisclosed amount.
Wells Fargo profits drop in 1Q but revenues rise by 3%
Tue 14 April 2015 14:19
American lender Wells Fargo reported a drop in first quarter profits though the lender managed to grow revenues by 3% to $21.3bn.
JPMorgan Chase & Co tops Q1 forecasts, profits up 12.2%
Tue 14 April 2015 12:37
US investment banking giant JPMorgan Chase & Co on Tuesday grew its profit by 12.2% in the first quarter of this year driven by a surprise rebound in the fixed-income trading division.
Keywords Studios profits jump on the back of gaming localisation acquisitions
Tue 14 April 2015 12:13
Keywords Studios, a technical services provider to the global video games industry, more than doubled revenues last year thanks to a strong portfolio of new acquisitions.
Gulfsands appoints new executive chairman, removes CEO
Tue 14 April 2015 11:11
Oil and gas explorer Gulfsands Petroleum said it had removed its chief executive and appointed a new executive chairman.
Asos appoints Helen Ashton as CFO
Tue 14 April 2015 11:07
Online retailer Asos appointed Helen Ashton as its new chief financial officer, replacing Nick Beighton who has been promoted to chief operating officer.
AFC Energy jumps on Bangkok Industial agreement
Tue 14 April 2015 10:33
Shares in AFC Energy jumped over 10% on Tuesday, as alkaline fuel-cell systems developer signed a heads of agreement with Bangkok Industrial Gas Co to start a programme of commercial fuel-cell deployment.
Connemara Mining jigs higher on Irish gold licence deal
Tue 14 April 2015 09:22
Shares in gold tiddler Connemara Mining were flying on Tuesday as the Irish explorer announced its aggressive pursuit of gold prospecting land continued with the purchase of five "high-potential" licences in County Donegal.
Red Rock Resources sells Colombian assets
Tue 14 April 2015 09:08
Gold miner Red Rock Resources has reached an agreement to sell its El Limon gold assets to Colombia Mining for $5m (£3.4m).
Evraz freezes plans to unwind South African asset stake after rescue call
Tue 14 April 2015 09:08
London listed miner Evraz's plans to dispose of its stake in its South African asset were dashed on Tuesday after the company said that business filed for rescue.
Tullow Oil shares boosted by Citigroup upgrade to 'buy'
Tue 14 April 2015 09:03
Tullow Oil's share price surged on Tuesday after Citigroup raised its rating on the stock from 'neutral' to 'buy', saying that the oil group's portfolio quality is "undervalued" by the market.
Quindell appoints new finance director
Tue 14 April 2015 08:50
Insurance group Quindell said it will appoint Mark Williams as its new finance director, once the firm completes the sale of its legal services arm to Slater & Gordon.
Tandem jumps as full-year profits ramp higher on mobility scooter acquisition
Tue 14 April 2015 08:41
Bike maker Tandem Group, which owns the Claud Butler and Dawes bicycle brands, saw its shares jump on Tuesday after reporting a significant lift in its full-year pre-tax profits.
Al Noor plunges as shareholder plans stake sale
Tue 14 April 2015 08:34
Shares in Al Noor Hospitals Group fell 8% on Tuesday, after reports suggested private equity firm Ithmar Capital was planning to sell a 20% stake in the healthcare provider.
Alcatel-Lucent shares surge after Nokia confirms plans to buy the French group
Tue 14 April 2015 08:32
Shares in Alcatel-Lucent shot up 12% early Tuesday after Finnish telecom bellwether Nokia confirmed speculation that it is in advanced discussions to acquire the French company.
Hochtief Solutions acquires further stake at two HICL Infrastructure projects
Tue 14 April 2015 08:20
Investment group HICL Infrastructure said on Tuesday that Hochtief Solutions had acquired further equity interest in two of its existing projects in Greater Manchester for £16m.
Imagination Tech adds chip technology to first WebRTC IP camera solution
Tue 14 April 2015 08:09
Microchip designer Imagination Technologies has contributed to the development of the first affordable internet protocol camera under the highly anticipated WebRTC platform.
Michael Page on track to meet expectations
Tue 14 April 2015 08:00
Recruitment consultancy group Michael Page said it was on track to meet annual expectations, after strong demand across the board boosted its first quarter gross profit.
Wood Group wins new North Sea contract with Enquest
Tue 14 April 2015 07:56
Engineering services company Wood Group has secured a new five-year North Sea contract with UK exploration and production outfit Enquest.
Nokia confirms speculation regarding tie-up with Alcatel
Tue 14 April 2015 07:53
Finnish handset maker Nokia has confirmed it is in advanced talks to acquire all of Alcatel Lucent.
Tue 14 April 2015 07:45
Specialist investment firm Alliance Trust recorded a near double-digit increase in assets under management (AuM) at its retail arm during the first quarter of the year.
Ashmore posts $2bn net outflow as assets under management decline
Tue 14 April 2015 07:39
Investment manager Ashmore Group has posted a net outflow of $2bn for the three months to March, as assets under management declined over the period.
Centrica names former Aviva UK head as new British Gas MD
Tue 14 April 2015 07:17
Mark Hodges, the former board member and head of UK operations at Aviva, has been named as the new managing director at British Gas, owner Centrica said on Tuesday.
Poundland annual sales top £1bn despite "tough" fourth quarter
Tue 14 April 2015 07:15
Fourth quarter results from Poundland showed the discount retailer had topped a billion pounds of annual sales for the first time, though trading conditions in the final weeks of the fiscal year were admittedly "tough".
Two Venezuelan officials laundered money in BPA
Tue 14 April 2015 06:21
Two officials from the Venezuelan Ministry of Economy and Finance used diplomatic passports to launder money in Banca Privada d'Andorra (BPA) between 2010 and 2012, three years before the US Treasury Department Financial Crimes Enforcement Network accused
Morrisons trading director steps down
Mon 13 April 2015 17:52
WM Morrison Supermarket has announced the departure of its trading director Casper Meijer.
3i Group names new chairman as Sir Adrian Montague steps down
Mon 13 April 2015 15:46
Shares in 3i bounced into positive territory on Monday after the FTSE 100 investment group named Simon Thompson as its new non-executive chairman, replacing Sir Adrian Montague.
Tuesday preview: UK inflation, US retail sales in focus
Mon 13 April 2015 14:58
UK inflation data on Tuesday is forecast to show consumer prices remained at zero in March.
Range Resources says delays affect sale of drilling business
Mon 13 April 2015 12:41
Oil and gas exploration company Range Resources said it had encountered delays in the sale of its drilling business, which is now expected to be finalised in April.
Sierra Leone passenger numbers improve as Ebola crises eases, says Westminster Group
Mon 13 April 2015 12:40
Safety and security product supplier Westminster Group said on Monday passenger numbers in Sierra Leone are rising thanks to an improvement in the Ebola situation.
Shell set to sell 185 UK petrol stations
Mon 13 April 2015 12:01
Oil giant Royal Dutch Shell has agreed to sell 185 service stations in the UK to two Motor Fuel Group and Euro Garages.
Profits up at Carr's Group despite challenging UK market
Mon 13 April 2015 11:38
Agriculture, food and engineering business Carr's Group saw its shares rise after posting good first half-year results.
Apple Watch receives nearly 1m pre-orders on first day
Mon 13 April 2015 11:36
Apple got 957,000 online requests for its Apple Watch on 10 April; its first day of US pre-orders, according to technology consultancy Slice Intelligence.
Imaginatik jumps on new contracts
Mon 13 April 2015 08:58
Shares in Imaginatik jumped almost 10% on Monday, after the technology and consultancy services provider said it has been awarded two new consultancy contracts.
Wincanton announces new CEO
Mon 13 April 2015 08:45
Wincanton's chief executive officer, Eric Born, will step down from his role on 1 August, the supply chain solutions provider said on Monday.
LinkedIn to launch social corporate app Elevate
Mon 13 April 2015 08:25
US social-media company Linkedin on Monday announced its new corporate app Elevate, which allows companies to share content.
UK Oil & Gas acquires remaining stake in Weald Basin onshore licence
Mon 13 April 2015 08:02
Investment group UK Oil & Gas has acquired the remaining 40% stake in the Weald Basin onshore licence PEDL126 from Magellan Petroleum.
Hiscox's long-running CFO to joint ICAP
Mon 13 April 2015 07:58
Hiscox's chief financial officer (CFO) of 16 years is to leave the specialist insurance group to join interdealer broker ICAP.
EasyJet hires Halfords' finance chief
Mon 13 April 2015 07:32
Low cost air carrier EasyJet on Monday appointed former finance executive from Halfords on its management board.
Telecity gets German clearance in Interxion merger
Mon 13 April 2015 07:28
European data centre group Telecity has announced that Germany has given the green light for its recommended all-share merger with US-listed peer Interxion.
Zara owner to buy Primark's building in London
Mon 13 April 2015 07:27
Amancio Ortega, Zara's founder and owner, has reached an agreement to acquire the building hosting Primark's shop in Oxford Street from property companies Land Securities and Frogmore.
Travelodge could be sold for £1bn
Mon 13 April 2015 06:20
Budget hotel chain Travelodge owned by GoldenTree Asset Management, Goldman Sachs and Avenue Capital could be sold for £1bn (€1.39bn), said The Times.
Parallel Media driven higher despite Singapore golf postponement
Fri 10 April 2015 16:37
Shares in Parallel Media Group were driven 20% higher despite news that the golf tournament it organises, The Championship in Singapore, will be delayed until spring 2016.
Bonmarché sales hurt by mild weather during second half
Fri 10 April 2015 16:35
Ladies retailer Bonmarché Holdings saw its shares fall by 6% on Friday as its sales were hurt by weather conditions during the second half of the year.
Nissan and BMW to recall 165,000 vehicles worldwide due to faulty fuel pump
Fri 10 April 2015 16:29
Automotive giants BMW and Nissan Motor are in the process of recalling over 165,000 vehicles worldwide due to potentially faulty fuel pumps.
American Airlines traffic fails to take off in March
Fri 10 April 2015 15:29
American Airlines Group said traffic declined in March, as currency headwinds had a stronger-than-expected impact on its first quarter results.
Aviva CEO turns down £3.4m bonus...but accepts £3m instead
Fri 10 April 2015 15:11
Mark Wilson, chief executive of insurance company Aviva, has elected not to receive his full £3.4m bonus after shareholder pressure.
Laura Ashley full-year revenues rise despite challenging retail market
Fri 10 April 2015 15:02
Textile design company Laura Ashley saw its full-year revenues and profits go up despite facing a competitive retail sector.
Alexander Mining plunges despite narrowing annual loss
Fri 10 April 2015 14:47
Shares in Alexander Mining plummeted on Friday, after the mineral processing technologies group said its commercialisation efforts were hindered and weighed on results.
Debenhams appoint ex-Home Retail boss as non-executive director
Fri 10 April 2015 13:27
Department-store chain Debenhams appointed former Home retail chief executive Terry Duddy as a non-executive director.
GE set to exit most of GE Capital
Fri 10 April 2015 12:05
Infrastructure and financial services giant General Electric Company is set to abandon the majority of its financial business, GE Capital.
Sweett Group jumps on new Network Rail deal
Fri 10 April 2015 10:59
Shares in Sweett Group jumped almost 10% on Friday after the infrastructure and professional services provider said it had secured a new four-year contract with Network Rail.
SolGold begins drilling on 11th hole at Cascabel
Fri 10 April 2015 09:46
Mining group SolGold said it had begun drilling on another hole at its Cascabel copper-gold porphyry project in Ecuador.
Riverstone Energy to invest $100m in Meritage Midstream
Fri 10 April 2015 09:25
Energy group Riverstone Energy announced it will be among the investors committing funds to Canadian midstream oil group Meritage Midstream Services III LP.
Shire shares surge after US FDA agrees to fast-track drug review
Fri 10 April 2015 09:03
UK pharma group Shire topped the FTSE 100 on Friday morning after the US drug regulator said it will fast-track the company's application for its 'Lifitegrast' dry-eye disease treatment.
Blur revenues "substantially lower" as FRC probes accounts
Fri 10 April 2015 08:30
Blur Group, the provider of an online exchange where business can buy and sell services, has warned its revenues will be substantially worse than expected due to accounting issues that are being investigated by regulators.
Vedanta Resources shares drop after mixed Q4 production update
Fri 10 April 2015 08:12
Shares in London-listed miner Vedanta Resources fell 0.7% on Friday after it released an update on production in the fourth quarter which was regarded by analysts as a 'mixed-bag.'
LondonMetric completes sale of Brake Bros facility
Fri 10 April 2015 08:03
Property investor LondonMetric has offloaded its share in an Essex-based Brake Bros distribution facility for £37.2m.
Majestic Wine snaps up rival Naked Wines for £70m
Fri 10 April 2015 07:46
UK wine merchant Majestic Wine on Friday announced it will buy Naked Wines, a customer funded international online wine business, for up to £70m.
SocGen swoops for Jefferies futures client portfolio
Fri 10 April 2015 07:36
Societe Generale has reached an agreement with Jefferies Group to take over the bulk of the latter's futures client portfolio.
Glencore to close Singapore coal desk, consolidate Australian operations
Fri 10 April 2015 07:34
Glencore will be closing its Singapore coal sales desk in favour of consolidating its Australian business, the company confirmed on Friday.
Hays optimistic of strong second half after third-quarter recruitment growth
Fri 10 April 2015 07:19
After a strong third quarter showing, recruiter Hays said it now expects to deliver second half operating profits slightly ahead of the first.
Acacia Mining expands footprint in Burkina Faso project
Fri 10 April 2015 07:15
FTSE 250 gold miner Acacia Mining has inked two further earn-in agreements to expand its footprint in the Houndé belt in Burkina Faso, which it says presents a "great opportunity".
Deutsche Bank could be fined $1.5bn for Libor rigging
Fri 10 April 2015 06:45
Deutsche Bank, Germany's biggest bank, faces a penalty of $1.5bn (£1.02bn) for rigging interest rates.
M&A more than just tie-ups; underlying health of market robust
Thu 09 April 2015 15:07
Mergers and acquisitions are more than just about companies getting hitched, willingly or unwillingly.
Altera shares dive on reports that Intel has stepped away from a deal
Thu 09 April 2015 15:06
Altera, the US listed maker of data processors, nursed heavy losses Thursday on Wall Street after it was reported that chip-maker Intel was no longer interested in the firm.
Transense Technologies jumps 26% after winning BHP Billiton contract
Thu 09 April 2015 14:46
Shares in Transense Technologies jumped by 26.4% after announcing a new contract between its Translogik division and BHP Billiton's Spence copper mine in Chile.
Friday preview: Chinese inflation, UK manufacturing and industrial output data
Thu 09 April 2015 14:42
Chinese inflation data will be released on Friday with analysts expecting an easing in cost of living pressures in March.
HSBC's Swiss arm to face French criminal investigation
Thu 09 April 2015 14:24
The Swiss private banking arm of HSBC has been placed under a formal criminal investigation by French magistrates over alleged tax-related offences.
LinkedIn to acquire training website Lynda.com for $1.5bn
Thu 09 April 2015 13:59
Business networking group LinkedIn Corporation has agreed the takeover of professional training website Lynda.com for $1.5bn.
Euromoney chairman Ensor to be replaced by Reuters boss
Thu 09 April 2015 13:13
Euromoney Institutional Investor has appointed Reuters UK chief Andrew Rashbass as its new executive chairman after Richard Ensor decided to step down after a 39-year tenure.
Poundland's 99p Stores deal could be rejected, threatens competition regulator
Thu 09 April 2015 12:28
The UK competition regulator has threatened to reject discount retailer Poundland's proposed acquisition of 99p Stores.
Scapa expects to beat forecasts after "strong finish"
Thu 09 April 2015 11:45
Adhesive tape group Scapa Group said it expects to beat market forecasts for the year after its recent healthcare acquisition added to a "strong finish" in the final quarter.
LightwaveRF to be helped by Apple in Homekit development
Thu 09 April 2015 10:45
Apple has agreed to help UK technology minnow LightwaveRF develop its home automation technology for use with the US technology giant's Apple Homekit development.
Facebook faces legal action from 25,000 European users for violating privacy laws
Thu 09 April 2015 10:43
Social network giant Facebook faces legal action from 25,000 users for allegedly violating European privacy laws.
Co-op returns to profit in 2014 but will not resume dividends payment
Thu 09 April 2015 10:04
The Co-operative Group returned to profit in 2014, as an overhaul in governance saw the company put a series of scandals behind it.
Spirax-Sarco acquires Asepco for £7m
Thu 09 April 2015 09:49
Spirax-Sarco Engineering, a steam system management and peristaltic pumping company, has acquired Asepco Corporation for £7m.
Helius Energy shares plunge following divestment
Thu 09 April 2015 09:44
Shares in Helius Energy plunged over 14% on Thursday, after the electricity plants developer said it had completed the sale of its stake in Helius CoRDe to Leo Energy.
UK Mail delivers profit warning as higher City Link volumes drive up costs
Thu 09 April 2015 09:43
UK Mail warned profits for the full year would be at the lower end of expectations due to above-average costs from taking on business from collapsed rival City Link.
Burberry shares strut to the top of the FTSE 100 on bid talk
Thu 09 April 2015 09:39
Burberry shares topped the FTSE 100 leader board on Thursday amid speculation the luxury fashion house could attract the attention of a US rival or cash-rich private equity groups.
Netplay TV full-year results hurt by Point of Consumption gambling tax
Thu 09 April 2015 09:12
Gaming company Netplay Television on Thursday saw its full-year revenues and profits decline, which was in line with expectations.
Gulf Keystone annual loss widens on payments dispute
Thu 09 April 2015 09:09
Oil producer Gulf Keystone Petroleum said its annual loss widened exponentially as it was still owed approximately $100m (£67.3m) for crude exports.
AT&T fined $25m for data breaches
Thu 09 April 2015 08:41
The US Federal Communications Commission has slapped telecommunications giant AT&T with a fine of $25m (£17m) for data breaches.
St Modwen expects New Convent Garden work to start this summer
Thu 09 April 2015 08:12
Commercial contracts and planning agreements for the regeneration of the 57-acre New Convent Garden Market near Battersea, London, have gone unconditional, according to developer St Modwen Properties.
XL Group cancels bridge facility with Catlin Group
Thu 09 April 2015 08:01
Insurance firm XL Group said it had cancelled its commitments under a bridge facility agreed in January for the acquisition of sector peer Catlin Group.
Victrex rides consumer electronics boom as plastics demand grows
Thu 09 April 2015 07:56
Plastics group Victrex said first-half revenue was up strongly ahead of the prior year thanks to a strong consumer electronics showing despite slightly lower sales in its medical business.
Mulberry says cost controls will help turnaround full year earnings
Thu 09 April 2015 07:49
British luxury retailer Mulberry said its cost control measures should help it report better than forecast earnings for the full year.
AIM explorers hail 'significant' oil discovery in Horse Hill, Southern England
Thu 09 April 2015 07:46
Small cap oil exploration firm UK Oil & Gas Investments (UKOG) has made a 'significant' oil discovery in the South of England, said to be the largest onshore find in the country for 30 years.
PZ Cussons says Q3 in line as FX rates in Nigeria stablise
Thu 09 April 2015 07:14
Consumer products group PZ Cussons has said that trading over the third quarter was in line with its expectations.
Cranswick trots out solid fourth quarter results
Thu 09 April 2015 07:10
Sausage-maker and bacon curer Cranswick reported a strong showing in its seasonally weak final quarter as UK and European pork prices begin to show signs of stabilisation.
US pharma firm Mylan bids for peer Perrigo in a deal worth $29bn
Wed 08 April 2015 17:09
US pharma firm Mylan on Wednesday made a proposal to acquire Perrigo Company for about $29bn in cash and stock.
ARM shares leap higher on resurfacing chatter of Apple interest
Wed 08 April 2015 16:11
Shares in chipmaker ARM Holdings rose as high as 3% late afternoon in London after a report from a Chinese news outlet pointed to US consumer tech giant Apple being a likely suitor to snap up the UK-listed company.
IAG passenger numbers take off in March
Wed 08 April 2015 15:19
International Consolidated Airlines Group said the numbers of passengers it carried last month increased sharply.
Empyrean Energy enters hedging programme as part of Macquarie debt financing
Wed 08 April 2015 14:58
Oil and gas explorer Empyrean Energy said it has entered a hedging programme related to output from its Sugarloaf AMI in Texas.
Thursday preview: BoE unveils latest policy decision amid concerns of low inflation
Wed 08 April 2015 14:18
The Bank of England (BoE) is on Thursday widely expected to keep interest rates at the record low of 0.5% and the asset purchase programme at £375bn.
Motive TV signs contract with Aegean Speed Lines
Wed 08 April 2015 12:21
Motive Television said on Wednesday Twin Peak has signed a one-year contract for the Motive/Twin Peak video platform with Aegean Speed Lines.
Aldi overtakes Waitrose as UK's 6th biggest grocer
Wed 08 April 2015 11:04
German discount retailer Aldi has leapfrogged Waitrose to become Britain's sixth-largest supermarket chain.
Friends Life forced to comment on share price drop
Wed 08 April 2015 11:01
On Wednesday morning Friends Life issued a statement saying its stock should not trade ex-dividend ahead of the 9 April Scheme Record Time and Friends Life Dividend Record Date.
City of London Investment Group funds under management rise 5% in first quarter of 2015
Wed 08 April 2015 10:50
Asset management company City of London Investment Group said its funds under management increased in the first quarter of 2015.
Gulf Keystone successfully completes consent solicitation
Wed 08 April 2015 10:06
Oil explorer Gulf Keystone Petroleum has been granted permission to remove the book equity ratio covenant from the trust deed constituting the notes of its security agreement.
Twitter rockets on rumours of Google takeover
Wed 08 April 2015 09:49
Twitter shares jumped up by 4% on Tuesday in the US stock market after the US Barron's magazine reported that Google could takeover the social media giant.
Starcom plunges as change in accounting policy means results will miss expectations
Wed 08 April 2015 09:46
Shares in Starcom fell over 8% on Wednesday, after the technology group warned that a change in accounting policy will lead to its annual results coming in below market expectations.
Shell-BG Group takeover expected to spark M&A fever in oil sector
Wed 08 April 2015 09:37
Shell's £47bn takeover offer for BG Group not only sent shares in the natural gas outfit soaring on Wednesday, but gave other stocks in the sector a big boost.
Rare Earth expects to complete pre-feasibility study in Western Australia in 2015
Wed 08 April 2015 09:21
Minerals investment and development group Rare Earth Minerals has announced the pre-feasibility study (PFS) for its project in Western Australia will be completed by the end of the year.
Netplay TV extends teleshopping contract with Channel 5
Wed 08 April 2015 08:51
Netplay TV has signed an extension of its contract with Channel 5 until 2018, where it will continue to provide its post midnight teleshopping airtime and "significant" pre-midnight advertising.
Intermediate Capital Group says ICG Europe Fund VI has raised £1.8bn
Wed 08 April 2015 08:41
Asset manager Intermediate Capital Group said its European corporate investment fund, ICG Europe Fund VI, has raised €2.5bn (£1.8bn) to date.
Sky shares rally on reported interest from France's Vivendi
Wed 08 April 2015 08:13
Sky shares rose 3.7% to 1059p on Wednesday amid speculation that France's media giant Vivendi could table a bid for the UK listed TV and broadband operator.
Riverstone Holdings to invest $500m in Three Rivers
Wed 08 April 2015 08:10
Private equity firm Riverstone Holdings said it will invest $500m in Three Rivers Natural Resources III, an Austin-based oil and gas company.
WS Atkins expects annual results to be in line with expectations
Wed 08 April 2015 08:01
Engineering consultancy WS Atkins said trading through the fourth quarter had continued steadily and it expects annual results to be in line with expectations.
Centamin Q1 production falls as expected, but guidance unchanged
Wed 08 April 2015 07:50
Egyptian gold miner Centamin said it remains on track to hit its annual production targets despite an anticipated slip in output in the first quarter.
Easyjet passenger growth picks up in March
Wed 08 April 2015 07:25
Budget airline Easyjet has reported a rise in annual passenger numbers and fuller planes for March.
World Bank to welcome China's new AIIB
Wed 08 April 2015 07:02
World Bank President Jim Yong Kim welcomed on Tuesday China's new Asian Investment and Infrastructure Bank (AIIB) as a partner in the world of development.
BG Group shares rocket on recommended £47bn takeover offer from Shell
Wed 08 April 2015 07:02
Shares in BG Group rocketed on Wednesday after the natural gas company recommended a £47bn cash-and-shares takeover offer by Royal Dutch Shell, sparking speculation about a fresh wave of M&A activity in the sector.
BG Group rises following farm-in agreement in Mongolia
Tue 07 April 2015 16:51
Shares in BG Group jumped on Tuesday thanks to the oil market recovery and the acquisition of Mongolian assets.
Wednesday preview: Fed meeting minutes to be closely watched for clues on interest rate hike
Tue 07 April 2015 14:28
The Federal Open Market Committee on Wednesday releases minutes of its last meeting amid speculation the central bank could hold off further on hiking its main interest rate.
Informatica is sold to Permira and CPPIB for $5.3bn
Tue 07 April 2015 13:57
Informatica confirmed it is being sold to Permira funds and Canada Pension Plan Investment Board (CPPIB) for $5.3bn.
Afren appoints Alan Linn as the new CEO
Tue 07 April 2015 13:31
Oil explorer and producer Afren confirmed on Tuesday the appointment of Alan Linn as its new chief executive.
Some investors think HSBC should reconsider UK domicile
Tue 07 April 2015 13:13
Some of HSBC's largest shareholders are pressing for the bank to reconsider the costs of being domiciled in the UK, according to a report.
Australian authorities pursue Rio Tinto and BHP Billiton on alleged tax avoidance
Tue 07 April 2015 12:10
Anglo Australian miners BHP Billiton and Rio Tinto are reportedly being pursued by the Australian Taxation Office for funnelling billions of dollars in profits from iron ore sales through companies that pay almost no tax in Singapore.
Universe Group acquires retail software developer Spedinorcon
Tue 07 April 2015 11:48
Universe Group has acquired Spedinorcon, a developer and supplier of retail software, in a move to extend its customer base and enhance its technical expertise.
Shire pharma gets FDA green light to regulatory test ADHD treatment for adults
Tue 07 April 2015 11:18
Shares in pharma firm Shire rose 2.5% to trade at 5285p after announcing on Tuesday that it has reached an agreement with the US Food and Drug Administration (FDA) on a clear regulatory path for a potential attention-deficit/hyperactivity disorder (ADHD)
Next Fifteen acquires remaining stakes in Beyond Corp and Republic Publishing
Tue 07 April 2015 11:04
Communication services provider Next Fifteen Communications has completed the acquisition of the remaining 32.8% stake in Beyond Corporation for £2.37m.
First Property says full-year results are in line with market forecasts
Tue 07 April 2015 10:57
First Property Group said on Tuesday it expects full-year profits to be in line with expectations thanks to new investments.
Market Tech Holdings inks multiple contracts in Camden Markets development project
Tue 07 April 2015 10:32
Property holdings group Market Tech Holdings has signed three contracts related with the development of its Camden Markets portfolio.
Nasstar annual profits and revenue jumps after company meets targets
Tue 07 April 2015 09:56
Cloud computing group Nasstar said its annual profits and revenue grew in 2014, as the company met its target of becoming a "commercially focused, profitable and sustainable business".
Vedanta Resoruces' Indian business fights high court over tax charge
Tue 07 April 2015 09:41
Shares in miner Vedanta Resources rose 3% to 492p on the FTSE 100 index in London on Tuesday after its subsidiary Cairn India Limited filed a Writ Petition with the Delhi High Court to quash a $3.3bn tax charge.
Premier African Minerals surges on environmental approval for tungsten project in Zimbabwe
Tue 07 April 2015 09:32
Shares in Premier African Minerals surged over 10% on Tuesday, after the commodities group said it had secured environmental approval for the RHA tungsten project in Zimbabwe.
Central Asia Metals reports increase in copper production and sales
Tue 07 April 2015 09:07
Mining and exploration group Central Asia Metals said production and sales of copper at its Kounrad copper recovery plant in Kazakhstan rose in the first quarter.
Ryanair posts another strong set of traffic growth figures for March
Tue 07 April 2015 08:33
No frills carrier Ryanair on Tuesday reported another bumper month for growth in traffic.
Flybe boosted by growth in seat capacity, passenger revenue
Tue 07 April 2015 08:28
Budget airline Flybe reported a growth seat capacity and revenue in the final quarter of the year, as it completed the first 12 months of a three-year cost-cutting plan.
Somero Enterprises reports "exceptional" year
Tue 07 April 2015 08:26
Somero Enterprises, a manufacturer of laser-guided machinery, said it had an "exceptional" trading year thanks to a strong performance in the US and China.
Micro Focus reiterates full-year guidance, set to implement restructuring plan
Tue 07 April 2015 08:04
Software product provider Micro Focus International reiterated its full-year guidance on a constant currency basis it provided in December.
Tate & Lyle's sweetener business eyed up by Japanese rival Ajinomoto
Tue 07 April 2015 07:35
British sugar maker Tate & Lyle's alternative sweetener product is reportedly being eyed by Japanese aspartame maker Ajinomoto.
Capco and TfL complete Earls Court development partnership
Tue 07 April 2015 07:34
Capital and Counties Properties, otherwise known as Capco, has announced the completion of the Earls Court Partnership Limited (ECPL).
Fedex to buy Dutch TNT Express for 4.4bn euros
Tue 07 April 2015 07:28
FedEx and Dutch delivery company TNT Express announced on Tuesday they had reached an agreement by which the US courier giant will buy the Dutch group in an all-cash eight euro-a-share offer.
Rio Tinto sees strong demand for share buyback
Tue 07 April 2015 07:22
Mining giant Rio Tinto has completed a bigger-than-expected off-market share buyback due to strong demand.
Southern EU states under investigation for banking malpractice
Tue 07 April 2015 07:03
The European Union (EU) is investigating the banking systems of the southern member states in order to find out if the governments of Greece, Portugal, Spain and Italy illegally subsidised banks' capital positions with deferred tax assets (DTAs).
Nick Candy turns attention to satellite broadband
Mon 06 April 2015 15:56
Nick Candy has stepped away from his usual luxury property investments and turned his attention to a satellite broadband firm which is set to float on AIM before the end of the month.
Elegant Hotels looks to float on AIM
Mon 06 April 2015 14:52
Elegant Hotels is preparing to float on the alternative investment market (AIM) within the next few months, a source cited by the Sunday Times has said.
Afren to announce new chief executive this week
Mon 06 April 2015 14:50
Struggling oil production company Afren has reportedly selected its new chief executive and will unveil the appointment this week.
Japanese firm eyes up Tate & Lyle's Splenda division
Mon 06 April 2015 14:48
There looks to be good news for Tate & Lyle with reports that Ajinomoto, a Japanese sweetener maker, has its eye on the group's struggling Splenda division.
Melrose to slice off Elster Water
Mon 06 April 2015 14:46
FTSE 250 investment company Melrose Industries is reportedly planning to dispose of the water division of smart meter business, Elster.
Novartis accused of deterring research into cheaper eye treatment for NHS
Thu 02 April 2015 15:45
Swiss pharmaceutical giant Novartis has been accused of trying to deter the NHS from using a cheaper version of its eye treatment.
Clipper Logistics secures contract with Inditex's Zara
Thu 02 April 2015 15:12
Clipper Logistics, a e-fulfillment and logistics solutions provider to the retail sector, said on Thursday it secured a long-term contract with Fashion Retail SAU, a subsidiary of Inditex.
Canaccord Genuity chief dies after competing in triathlon
Thu 02 April 2015 13:56
The chief executive of City stockbroker Canccord Genuity has died while competing in a triathlon in Hawaii.
Arcontech jumps by nearly 60% after contract win
Thu 02 April 2015 12:24
Shares in Arcontech Group jumped as much as 59% on Thursday after the software company announced a new client win.
Stanley Gibbons warns annual results will be below expectations ahead of website launch
Thu 02 April 2015 12:20
Shares in Stanley Gibbons fell over 8% on Thursday, after the collectibles group warned that its annual results will be below market expectations.
Koovs crashes after Asos-alike warns of higher costs and funding needs
Thu 02 April 2015 09:55
Shares in India-focused online fashion retailer Koovs, where former Asos director Lord Waheed Alli is chairman, took a big tumble on Thursday after the company warned it planned to raise new funds as marketing costs soared.
Premier Oil, Falkland Oil and Rockhopper find oil and gas in Falklands project
Thu 02 April 2015 09:31
Oil and gas explorer Premier Oil said it has discovered oil and gas at the Zebedee well in the Falklands Islands.
Londonmetric Property secures new £400m credit facility
Thu 02 April 2015 09:07
Investment group Londonmetric Property has secured a new £400m-unsecured revolving credit facility, which replaced five existing secured debt facilities.
E.On to pay a further £7.75m in fines
Thu 02 April 2015 09:02
UK energy supplier E.On has agreed to pay a further £7.75m in fines for overcharging its customers, industry regulator Ofgem confirmed on Thursday.
BTG expects higher annual revenue, hikes guidance for 2015
Thu 02 April 2015 08:51
Healthcare group BTG said it expected annual revenue to be "slightly" higher than indicated earlier this year.
Booker chairman resigns as grocery wholesaler celebrates "good year"
Thu 02 April 2015 08:14
Food wholesale retailer Booker said it had a "good end to a good year" despite ongoing price deflation across the sector, as its chairman announced his resignation.
Electrocomponents sales growth slows in fourth quarter
Thu 02 April 2015 08:05
Sales growth slowed at Electrocomponents in the final months of the year, as progress in North America was held back by the heavy snow storms.
Tate & Lyle expects annual profit to be marginally lower
Thu 02 April 2015 08:03
Ingredient and beverage provider Tate & Lyle reiterated guidance for the current financial year, saying that it expected profit to be lower than initial estimates.
Dunelm sales growth hit by tough comps ahead of "volatile" summer
Thu 02 April 2015 07:54
UK homewares retailer Dunelm delivered a upbeat outlook on Thursday after increasing sales by 10.7% in the third quarter, though growth did tail off slightly from the first half.
Playtech moves into financial trading with €458m acquisition of TradeFX
Thu 02 April 2015 07:47
In its first move into the financial trading market, online gaming company Playtech has agreed to acquire forex and CFD provider company TradeFX, a company owned by Playtech's billionaire founder Teddy Sagi, for up to €458m (£335m).
Kraft facing wheat price fixing allegations
Thu 02 April 2015 07:35
Multinational food giant Kraft is facing allegations of wheat price fixing.
Diageo takes full control of South African sorghum beer business
Thu 02 April 2015 07:14
Guinness and Smirnoff maker Diageo is buying out its joint venture (JV) partner in a traditional sorghum beer business in South Africa.
Marks & Spencer clothing sales return to growth in fourth quarter
Thu 02 April 2015 07:04
In the fourth quarter Marks & Spencer delivered its first growth from clothing and general merchandise for 14 quarters, with like-for-like sales up 0.7% and the gross margin maintained.
Quindell shares reinstated after profit clarification
Wed 01 April 2015 15:52
Shares in Quindell were temporarily suspended on Wednesday before the company issued a statement confirming its offloaded professional services arm had contributed a larger proportion of group profits than previously stated.
Feng shui group New Trend rearranges assets after unexpectedly bad trading
Wed 01 April 2015 14:43
Shares in Singapore-based New Trend Lifestyle, which operates a feng shui and fortune telling business, have plunged after it revealed a major reorganisation and warned losses would be worse than previously predicted.
Innovation Group says contract complications will impact full-year results
Wed 01 April 2015 14:38
Innovation Group's shares sank on Wednesday after the company admitted its full-year results will be impacted by slippage in a number of software contracts.
Mercia Technology invests £3.5m in Science Warehouse
Wed 01 April 2015 12:54
Mercia Technologies has invested £3.5m towards increasing its stake in Science Warehouse from 45% to 63%
Uber files complaints against Germany, France and Spain
Wed 01 April 2015 12:28
Car-hailing group Uber Technologies has filed an official complaint with the European Commission against three European Governments.
Petrobras to publish results in April, divest Argentine assets
Wed 01 April 2015 12:27
Brazilian oil major Petrobras is expected to publish its long-delayed audited full-year financial statements, as it attempts to shake-off a corruption scandal.
Real Good Food shares turn sour on profit warning
Wed 01 April 2015 12:06
Shares in Real Good Food plunged over 14% on Wednesday, after the ingredients group issued a profit warning.
Begbies Traynor acquires insolvency practice
Wed 01 April 2015 11:58
Begbies Traynor has acquired Broadbents Business Recovery Services, a Yorkshire-based insolvency practice, for an initial consideration price of £0.2m.
BTG starts selling its products to European hospitals
Wed 01 April 2015 10:59
Healthcare company BTG said it started selling its drug-eluting bead and embolisation products to customers in 11 European countries.
Ryanair planes collide at Dublin Airport runway
Wed 01 April 2015 10:54
Two Ryanair planes collided on a taxiway at Dublin Airport on Wednesday morning but there were no injuries to report.
John Laing Environmental Assets acquires three projects for £42.5m from John Laing Group
Wed 01 April 2015 10:24
Infrastructure fund John Laing Environmental Assets Group (JLEN) has acquired three projects from John Laing Group for £42.5m.
Bomhard begins life as Inchcape's new CEO
Wed 01 April 2015 09:45
Automotive distributor and retailer Inchcape has confirmed Stefan Bomhard joined the company as its new chief executive on 1 April.
US gives approval to Shell's Arctic exploration bid
Wed 01 April 2015 09:21
Oil major Shell has received encouraging news in its bid to tap the US Arctic for hydrocarbons, after the US government approved its holdings off Alaska.
HICL acquires 75% stake in Dutch project for £8m
Wed 01 April 2015 09:14
The HICL Infrastructure Company has announced a new €11.5m (£8.3m) for a 75% interest in the Zaanstad Penitentiary Institution project in the Netherlands from a subsidiary of Ballast Nedam BV
Senior completes components takeover for up to £78m
Wed 01 April 2015 08:17
Manufacturing group Senior has completed the acquisition of Lymington Precision Engineering, a maker of precision-machined components, for an initial £45.8m in cash rising to a possible £77.5m based on performance.
Specialist UK bank Shawbrook rallies in stunning stock market debut
Wed 01 April 2015 08:14
Specialist British bank Shawbrook made a stunning stock market debut on Wednesday in London with shares rallying to 305p, well above the top of its preset price range of 290p.
NARS agrees 100p takeover by Carlyle
Wed 01 April 2015 08:07
Directors of AIM-listed Nationwide Accident Repair Services (NARS) have accepted a £43.2m cash takeover offer from private equity colossus Carlyle, less than a month after major shareholder Quindell sold its stake at a lower price.
Genus acquires 51% stake in Vitro Brasil
Wed 01 April 2015 08:01
Animal genetics group Genus has completed the acquisition of a 51% stake in biotechnology firm Vitro Brasil for an undisclosed amount.
PZ Cussons buys out partner in Nigerian milk business
Wed 01 April 2015 07:58
Consumer products group PZ Cussons has spent £21m in cash to buy out its partner Glanbia in their Nigerian joint venture Nutricima.
Evraz pledges share buyback plan despite reporting $1.28bn in net loss
Wed 01 April 2015 07:34
Russian focused steelmaker Evraz on Wednesday pledged to buy-back its shares despite reporting a net loss of $1.28bn last year.
Firstgroup stays on course after Greyhound losses collared
Wed 01 April 2015 07:17
Shares in FirstGroup steamed ahead on Wednesday as it reassured investors with confirmation that trading for the year to the end of March had remained in line with expectations, with progress continuing on its medium-term investment plans.
Margin decline hits H1 profits at Asos but results beat forecasts
Wed 01 April 2015 07:15
Asos saw profits fall by a tenth in the first half as a sharp drop in margins outweighed a strong sales performance, though results were better than analysts had predicted.
Friends Life partnership scheme sells nearly £164m of Aviva shares
Tue 31 March 2015 16:10
The partnership structure created by insurance group Friends Life has sold nearly £164m of shares in UK insurer Aviva, according to a report by Reuters on Tuesday.
Rose Petroleum shares plunge as company abandons conventional target in Utah project
Tue 31 March 2015 15:48
Shares in Rose Petroleum plummeted on Tuesday, after the oil and gas explorer said that attempts to tap the deeper reserves on its Mancos Shale project in Utah had been abandoned.
MartinCo annual profits jump on Xperience acquisition
Tue 31 March 2015 15:42
Property franchise business MartinCo said its annual pre-tax profit more than doubled, boosted by the acquisition of the sector peer Xperience.
CBRE picks up facilities management unit from Johnson Controls for $1.5bn
Tue 31 March 2015 15:39
Property titan CBRE Group on Tuesday announced the acquisition of the Global Workplace Solutions business owned by Johnson Controls for $1.5bn.
Hewlett Packard sues Autonomy directors for $5.1bn, Lynch and Hussain launch £100m lawsuit
Tue 31 March 2015 15:00
US tech giant Hewlett-Packard has launched a colossal $5.1bn (£3.45bn) legal case in London against two directors of UK tech company Autonomy, which it acquired in 2011.
Charter Communications snaps up rival Bright House Networks for $10.4bn
Tue 31 March 2015 14:47
In a sign of further consolidation in the US cable industry, media firm Charter Communications on Tuesday confirmed a $10.4bn acquisition of rival Bright House Networks.
Wednesday preview: Asos reports half-year interims
Tue 31 March 2015 14:46
Online fashion retailer Asos on Wednesday reports its half-year interims following strong second quarter sales.
Botswana Diamonds sinks after discounted fundraising
Tue 31 March 2015 14:35
Shares in AIM tiddler Botswana Diamonds dipped sharply after it raised £282,500 in a strongly discounted institutional placing.
Eckoh enjoys strong quarter as it welcomes six new contracts
Tue 31 March 2015 14:22
Payment products and customer service solutions group Eckoh posted a strong performance during the final quarter of the year thanks to six new contracts.
Hunting completes EA Gibson sale for $3.7m
Tue 31 March 2015 13:38
Hunting has completed the sale of the ship broker Gibson for $3.7m on Tuesday, meaning it is now focused solely on providing services to the energy sector.
Bank of Ireland shares drop 9% after Fairfax halves its stake
Tue 31 March 2015 12:46
Shares in Bank of Ireland dropped 9% on Tuesday after Canada's Fairfax Financial Holdings sold half of its 5.8% stake in the Irish lender, say press reports.
Marston's buys Wainwright and Lancaster Bomber brewer Thwaites
Tue 31 March 2015 12:45
Brewer and pub owner Marston's has acquired the beer business of popular Lancashire brewer Thwaites for £25.1m cash.
Nanoco to raise £20m with main market listing
Tue 31 March 2015 12:24
Nanomaterial developer Nanoco has revealed it intends to raise £20m by joining the main market of the London Stock Exchange.
Ultrasis shares suspended amid doubts over fund-raising
Tue 31 March 2015 12:03
Shares in Ultrasis were suspended on Tuesday, after the healthcare services group admitted it was not clear whether it could get the support its proposed fund-raising plan required.
Qinetiq reiterates full year guidance
Tue 31 March 2015 11:42
Technology solutions provider QinetiQ reaffirmed previous guidance for the financial year ended 31 March.
Findel warns on profits as political parties plan education spending cuts
Tue 31 March 2015 11:28
Findel enjoyed good growth in the year to 27 March, especially in its Express Gifts home shopping business and reduced losses from its Kitbag online sports shop, but warned profits would still be below market forecasts due to lower education spending in t
Northern Petroleum plunges after announcing cost-cutting strategy
Tue 31 March 2015 11:09
Shares in Northern Petroleum plunged on Tuesday, after the oil and gas explorer said it was undergoing a technical review and it was working to achieve extra cost efficiencies.
Azonto Petroleum tanks on talks of potential merger or sale
Tue 31 March 2015 10:42
Shares in Azonto Petroleum tanked on Tuesday, after the oil and gas group confirmed it was considering options leading to a sale or a merger.
3i Infrastructure 'on track' to meet dividend target for the year
Tue 31 March 2015 10:07
Investment group 3i Infrastructure said it was on track to meet its annual dividend target, after its portfolio performed well in the fourth quarter.
RPC expects annual revenue and profit to be in line with expectations
Tue 31 March 2015 09:42
Plastic packaging RPC Group said it expected annual revenue and adjusted operating profit to be in line with expectations and "significantly" ahead of last year.
Philips unwinds lighting business to focus on medical and consumer business
Tue 31 March 2015 09:29
Dutch listed conglomerate Philips on Tuesday announced the disposal of its 80.1% stake in its lighting components division for $2.8bn to Go Shale Capital.
Mitie warns on profits but optimism grows for de-risked future
Tue 31 March 2015 09:27
Although it had encouraging news about several sizeable contract wins, outsourcing services group Mitie has warned that it expects full year profits to be pushed slightly lower than forecast by margin pressures in the homecare and social housing businesse
Gulf Keystone's non-executive chairman announces retirement
Tue 31 March 2015 08:55
Gulf Keystone Petroleum's non-executive chairman is set to retire from his position at the embattled oil producer.
FTC recommends lawsuit to block $27bn merger Reynolds American and Lorillard
Tue 31 March 2015 08:55
The Federal Trade Commission has recommended a lawsuit to prevent a proposed $27bn merger between tobacco giants Reynolds American and Lorillard.
Grainger's CEO to step down in 2016
Tue 31 March 2015 08:23
Residential group Grainger confirmed that its chief executive, Andrew Cunningham, will step down from his role in February 2016.
Amec Foster Wheeler secures nine-year deal with EDF
Tue 31 March 2015 08:08
Oil and gas facilities constructor Amec Foster Wheeler has won a nine-year contract with energy provider EDF Energy.
Wood Group wins "major" Total contract in UKCS
Tue 31 March 2015 07:55
Energy services outfit Wood Group has won a "major" new contract with French oil giant Total in the UK Continental Shelf (UKCS).
Thomas Cook expresses sunny outlook despite continued price pressure
Tue 31 March 2015 07:40
Although recent trading has not been universally good and prices have remained under pressure, holidays group Thomas Cook has taken confidence from improved trading in continental and northern Europe in recent weeks.
Deutsche Boerse to invest in Indian commodities exchange
Tue 31 March 2015 07:39
Deutsche Börse Group intends to acquire a minority stake in a new commodities exchange in India.
Kingfisher reveals stores closures and £200m cash return
Tue 31 March 2015 07:14
The day after its acquisition of French chain Mr Bricolage collapsed like a ill-fitted shelf, do-it-yourself group Kingfisher said it would close 60 stores as new chief executive Véronique Laury announced full year results and set out her plans for a "ve
Antofagasta and Teck Resources deny merger rumours
Tue 31 March 2015 07:12
UK-listed miner Antofagasta has quashed rumours that it was looking to merge with copper producing peer Teck Resources.
Tesla's CEO teases investors over new product launch
Mon 30 March 2015 19:27
Shares in electric carmaker Tesla Motors rose on Monday, after group chief executive Elon Musk teased investors by tweeting that the company would launch a new product at the end of next month, but it will not be a car.
Tuesday preview: Kingfisher releases results in aftermath of collapsed Mr Bricolage deal
Mon 30 March 2015 17:17
Annual results from B&Q owner Kingfisher will be in focus for investors on Tuesday, which come fresh off the news that the DIY retailer has abandoned its deal to buy French chain Mr Bricolage.
Rolls-Royce buys ROV Technologies to expand nuclear reactor services
Mon 30 March 2015 15:39
Engineering group Rolls-Royce has beefed up its reactor inspection operations through the purchase of US nuclear utility operator ROV Technologies.
Volvo investing $500m on its first US factory
Mon 30 March 2015 15:35
Volvo is to spend $500m on its first manufacturing factory in the States, giving the Swedish carmaker an industrial footprint on all three of its key continents.
Teva acquires Auspex in £2.2bn deal
Mon 30 March 2015 15:27
Shares in US-based biopharmaceutical company Auspex Pharmaceuticals surged over 40% on Monday, after it accepted a takeover offer from sector peer Teva Pharmaceutical.
Horizon Pharma acquires Hyperion for $1.1bn
Mon 30 March 2015 14:47
Shares in Horizon Pharma jumped by nearly 15% after confirming it has acquired Hyperion Therapeutics for $1.1bn.
United Health Group to acquire Catamaran for $12.8bn
Mon 30 March 2015 14:16
The largest health insurer in the US has launched its largest acquisition ever to bolster its position in the market for drug benefit plans.
cloudBuy revenues decline after strong investment in e-commerce
Mon 30 March 2015 13:48
E-commerce group cloudBuy saw a decline in full-year revenues due to significant investment in its technology and efforts to expand its international footprint.
BMG signs distribution deal with Chinese giant Alibaba
Mon 30 March 2015 11:48
German music company BMG reached and agreement with the Chinese e-commerce giant Alibaba on Monday, in order to win global exposure for the company's artists.
CVS Group acquires YourVets in £12m deal
Mon 30 March 2015 11:30
Veterinary services provider CVS Group confirmed it will acquire sector peer YourVets in a deal worth £12m.
IP Group's Diurnal starts phase three trial for Infacort
Mon 30 March 2015 10:39
Intellectual property firm IP Group said phase three trials had started on its Diurnal Ltd portfolio company's Infacort paediatric adrenal insufficiency treatment product.
Serco sells Great Southern Rail for £2.5m
Mon 30 March 2015 09:54
Outsorcing group Serco has announced it will sell "luxury" long-distance rail service Great Southern Rail for £2.5m to Australian private equity firm Allegro.
Kingfisher acquisition of MrBricolage scuppered
Mon 30 March 2015 09:29
Kingfisher's acquisition of its French rival MrBricolage was scuppered by resistance from the latter's franchisees.
Diploma expects interim revenue growth to be 9% higher than in 2013
Mon 30 March 2015 09:25
Specialised technical products and services provider Diploma said it expected first half revenue to be approximately 9% higher year-on-year.
Al Noor Hospitals annual revenue and profit jumps, but margins under pressure
Mon 30 March 2015 08:53
London-listed Middle Eastern healthcare provider Al Noor Hospitals reported an increase in annual pre-tax profit and revenue on the back of further business expansion.
Babcock expects annual result to be in line with expectations
Mon 30 March 2015 08:29
Engineering support services group Babcock International said it expected full-year results to be in line with guidance it offered in February.
Compass expects interim revenue growth of 5.5%, warns of impact of lower commodity prices
Mon 30 March 2015 08:02
Catering group Compass Group said it remained confident of achieving first half organic revenue growth of approximately 5.5%.
Total sells $539m Nigerian oilfield stake
Mon 30 March 2015 07:44
French oil major Total has sold its stake in an onshore oilfield in Nigeria for $569 million, the company confirmed on Monday.
Quindell sells professional services arm to Slater & Gordon
Mon 30 March 2015 07:35
Specialist UK insurance outsourcer Quindell on Monday announce it is selling its professional services unit to Australian law-firm, Slater & Gordon in a deal worth £700m.
Rolls-Royce wins Trent 1000 engine contract with Air China
Mon 30 March 2015 07:29
Rolls-Royce's Trent 1000 engines have been selected by Air China to power 15 new Boeing 787-9 Dreamliner aircraft.
British Airways frequent-flyer accounts hit by hackers
Mon 30 March 2015 07:09
British Airways confirmed on Sunday that accounts of tens of thousands of its frequent flyers were hacked.
Randgold hints at possible M&A amid squeeze on gold mining industry
Mon 30 March 2015 07:03
Africa-focused gold producer Randgold Resources said it sees the potential for further growth outside its core operations, hinting at possible acquisitions in the near future amid a "stressed mining sector".
B&Q boss to step down in Kingfisher restructuring move
Fri 27 March 2015 17:01
B&Q UK boss Kevin O'Byrne will step down from his post as parent company Kingfisher undergoes some leadership restructuring.
BlackBerry posts surprise fourth quarter profit but revenue declines below expectations
Fri 27 March 2015 15:34
Mobile phone giant BlackBerry swung to a profit in the fourth quarter, though revenue for the period declined more than expected.
Facebook hails UK drone-delivered wireless internet test
Fri 27 March 2015 15:20
Facebook chief Mark Zuckerberg said a recent UK test of solar-powered drones could soon see them deliver wireless internet to remote spots around the globe.
NWF reaches settlement on claim, expects cash payment
Fri 27 March 2015 15:11
Animal feeds manufacturer NWF Group has reached a settlement over an undisclosed legal claim it made.
Carnival buoyed by first-quarter and hoists earnings guidance
Fri 27 March 2015 15:02
Buoyed by strong first-quarter results, dual-listed cruise ship operator Carnival has set off full steam ahead in 2015, hoisting its guidance for full year earnings.
Imperial Innovations swings to interim loss despite revenue rising 75%
Fri 27 March 2015 14:37
Technology commercialisation and investment company Imperial Innovations Group swung to a first-half loss on the back of increased investments.
Corac enters partnership with Spirax-Sarco
Fri 27 March 2015 13:16
Engineering group Corac has entered a ten-year agreement with Spirax-Sarco, a steam system management and peristaltic pumping company, to provide its patented micro-turbines and compressors to the latter.
Co-op Bank shrinks losses, CEO to stay through 2016
Fri 27 March 2015 13:09
The Co-operative Bank reduced losses in 2014 as cost cutting measures began to pay off.
Egdon excited after Wressle's Penistone tests show evidence of column
Fri 27 March 2015 12:25
Egdon Resources said the results of flow tests at Penistone Flags, its 25% owned Wressle-1 oil and gas discovery near Scunthorpe indicated the presence of an oil column below the gas zone.
Amazon in talks to buy online fashion retailer Net-a-porter
Fri 27 March 2015 10:21
Amazon is planning to enter the fashion market through the takeover of online retailer Net-a-porter from Swiss firm Richemont.
Orogen Gold issues 36.4m shares to DEM for drilling services
Fri 27 March 2015 09:28
Gold explorer Orogen Gold has issued 36.4m shares to DEM Geosciences SAL to cover costs related to diamond drilling services the latter carried out in 2014.
Royal Bank of Scotland says goodbye to Coutts business
Fri 27 March 2015 08:24
Royal Bank of Scotland on Friday announced that it will be offloading its Coutts private banking business to Switzerland's Union Bancaire Privée for what is rumoured to be a price of at least $600m.
Redrow sells property portfolio for £10.9m
Fri 27 March 2015 08:05
Residential developer Redrow has confirmed its Redrow Homes Limited division will sell its ground rent portfolio to Adriatic Land 3 for £10.2m.
Homeserve happy with trading ticking over nicely
Fri 27 March 2015 07:56
Plumbing emergency and domestic repair provider Homeserve has reassured in a terse trading statement that trading in its busy winter period has been "good" and in line with its full-year targets.
Apple CEO Tim Cook to donate entire fortune
Fri 27 March 2015 07:46
Apple chief executive officer Tim Cook said he plans to donate his $800m fortune to charity after paying his 10-year-old nephew's college education, according to Fortune.
ICAP mulling spin-off of electronic trading arm EBS-BrokerTec, rumours say
Fri 27 March 2015 07:31
London interdealer broker ICAP is rumoured to be looking to spin off its electronic trading arm EBS-BrokerTec.
Louis Dreyfus Commodities has no plans for an IPO, majority owner says
Fri 27 March 2015 07:28
Privately held agricultural commodities trader Louis Dreyfus Commodities has no plans for an initial public offering (IPO), according to its largest stakeholder.
Goldman Sachs beats JP Morgan to commodities trading top spot
Fri 27 March 2015 07:26
Goldman Sachs has beaten investment banking rival JP Morgan to claim the accolade of the largest bank by commodities revenue, after the latter divested its raw materials business.
Barratt Developments CEO steps down, to be replaced by CFO
Fri 27 March 2015 07:25
Barratt Developments chief executive Mark Clare has stepped down after nine years in the role, to be replaced by finance director David Thomas, who has been with the company for six years.
Vodafone inks deal to extend services in Botswana
Fri 27 March 2015 07:11
Vodafone has teamed up with the Botswana Telecommunications Corporation (BTCL) to unveil a new partner market agreement for Botswana.
Antofagasta suspends mines as flash floods hit Atacama Desert in Chile
Fri 27 March 2015 07:11
Copper mining group Antofagasta has been forced to call a halt to mining activities in the north of Chile due to heavy rain.
RBS set to sell Coutts International to Swiss Bank UDP
Thu 26 March 2015 18:08
Royal Bank of Scotland (RBS) has agreed to sell its international private arm Coutts International, to Union Bancaire Privee (UBP), the Swiss private bank.
Volvere acquires Impetus Automotive for £1.3m
Thu 26 March 2015 16:29
Volvere, an investment company, has bought Impetus Automotive (IAL) for £1.3m.
Whatsapp voice calls for iOS in a "couple weeks"
Thu 26 March 2015 16:08
WhatsApp CEO Brian Actor announced on Thursday at Facebook's F8 Developer's conference in San Francisco that WhatsApp's voice call feature will soon be available for Apple users of the iOS system
ITV warns Downton Abbey sixth series will be the last
Thu 26 March 2015 16:00
ITV and series producer Carnival Films on Thursday revealed that hugely successful television period drama series Downton Abbey will come to an end at the conclusion of the sixth series.
Kingfisher looking at options with Mr Bricolage deal now uncertain
Thu 26 March 2015 15:33
B&Q owner Kingfisher said it is "considering all of its options" in regards to its proposed acquisition of Mr Bricolage after the French DIY chain and a major shareholder revealed they had reservations about the deal.
Haversham Holdings agrees to acquire British Car Auctions after £1bn placing
Thu 26 March 2015 13:01
AIM-listed Haversham Holdings has agreed to acquire the BCA Group, which owns and operates British Car Auctions and its WeBuyAnyCar.com website, and will rename itself as BCA Marketplace.
Kcom says fibre-based broadband deployment has been successful
Thu 26 March 2015 12:37
The communications and IT services provider Kcom said on Thursday its trading is in line with market expectations.
Apple plans iPhone trade-in with Foxconn in China
Thu 26 March 2015 12:03
Apple plans to launch a trade-in process for Chinese iPhones, in partnership with the Foxconn Technology Group, according to Bloomberg.
Henry Boot full-year profits boosted by improved UK economy
Thu 26 March 2015 11:42
Land development and construction group Henry Boot said that all its businesses performed well in 2014 thanks to an improvement in the UK economy.
SanDisk drops 13% in pre-market trade after lowering 2015 revenue outlook
Thu 26 March 2015 11:41
US tech firm SanDisk Corp on Thursday downgraded its sales outlook for the year and first quarter of 2015 on the back of lower than expected revenues from its enterprise business.
Science In Sport losses widen but trading in 2015 remains in line with expectations
Thu 26 March 2015 11:17
Nutrition group Science in Sport said performances in the first three months of 2015 were line with expectations, despite posting a widened annual pre-tax loss.
IMImobile trading in line with 2014 expectations, expects strong 2015
Thu 26 March 2015 10:51
Technology group IMImobile said trading in the year to ending in March was in line with expectations.
National Grid agreeing €2bn link to buy cheaper electricity from Norway
Thu 26 March 2015 10:48
UK energy infrastructure operator National Grid said it was nearing agreement on the creation of a €2bn electricity link to allow the UK to buy cheaper power from Norway.
cloudBuy looks to expand after winning Middle Eastern contract
Thu 26 March 2015 10:13
E-commerce group cloudBuy said it has been awarded a contract to cover the Ajman free trade zone in the United Arab Emirates.
Shell to double North Sea job cuts despite Osborne's oil industry tax giveaway
Thu 26 March 2015 10:06
Chancellor George Osborne's recent tax reform of the UK oil industry has failed to stop Royal Dutch Shell from doubling its planned job cuts at its North Sea operations.
Vueling aircraft forced to make an emergency landing
Thu 26 March 2015 09:09
A flight operated by IAG's low-cost airline Vueling from Barcelona's El Prat airport to Munich had to make an emergency landing on Thursday morning, following complaints of "something burning".
Ilika achieves production-ready process for mini solid-state batteries
Thu 26 March 2015 09:04
AIM-listed Ilika has established factory production techniques for its tiny solid-state lithium ion batteries that it aims to sell into the fast-growing wearables and internet-of-things (IoT) markets.
Arcontech Group plunges after major customer cancels contract, interim profit jumps
Thu 26 March 2015 08:56
Shares in Arcontech Group plummeted over 30% on Thursday, after the financial market data service provider warned its full-year result are likely to be hit by a major customer's decision to terminate its contract almost two years early.
LPA Group flies higher on £5m Crossrail deal
Thu 26 March 2015 08:51
AIM-listed LPA Group has won a near-£5m contract with train-maker Bombardier to supply equipment for use in London's Crossrail railway but reiterated that otherwise the year started "very quietly".
International Public Partnerships posts strong profits after investment drive
Thu 26 March 2015 08:39
Infrastructure investment company International Public Partnerships reported a sharp increase profits on the back of strong investments during the year.
Plexus jumps on Chinese framework agreement
Thu 26 March 2015 08:37
Shares in Plexus Holding jumped on Thursday after the oil and gas engineering services group said it had entered a framework agreement with major Chinese group Yantai Jereh Oilfield Services.
Amec Foster Wheeler profit down on falling oil and mining markets
Thu 26 March 2015 08:11
Consultancy and engineering group Amec Foster Wheeler said the slump in the oil and mining markets weighed on its annual profit.
UK government raises £500m by further cutting its stake in Lloyds Bank
Thu 26 March 2015 08:07
The British government on Thursday reduced its stake in Lloyds Banking Group ahead of the upcoming UK elections in May.
Easyjet's first-half guidance ascends on favourable FX
Thu 26 March 2015 07:20
Budget airline Easyjet expects to beat previous first-half guidance, mainly due to favourable foreign exchange movements in the second quarter.
Unite Group receives planning permission for Coventry University student building
Thu 26 March 2015 07:13
Unite Group has received planning approval to build a student housing complex on a 2.1 acre site in central Coventry.
RBS confirms at least $3.2bn from sale of Citizens Financial stake
Thu 26 March 2015 07:11
Royal Bank of Scotland has confirmed that it expects to make at least $3.2bn from the partial sale of shares in US subsidiary Citizens Financial.
Supergroup pledges first dividend in 2016 as part of strategy update
Thu 26 March 2015 07:03
As well as reiterated recent profit guidance, Supergroup chief executive Euan Sutherland has unveiled a new strategy for the company that includes a first dividend in 2016 and the surprise repurchase of its North American rights.
Dubai to sell £1.5bn stake in London Stock Exchange
Wed 25 March 2015 20:03
Eight years after investing in the London Stock Exchange (LSE) in a bid to create an investment empire, Dubai is selling its £1.5bn stake in London's stock market.
Thursday preview: UK retail sales data, Easyjet reports trading statement
Wed 25 March 2015 15:44
UK retail sales figures on Thursday will be closely watched for signs of how much consumer spending is contributing towards economic growth.
Ergomed revenue jumps, remains confident on strong backlog of signed contracts
Wed 25 March 2015 15:26
Drug development services provider Ergomed cited contracts won during the year as the main revenue driver.
Jubilee Platinum slashes losses as optimisation cuts costs
Wed 25 March 2015 15:16
Jubilee Platinum trimmed its loses by a third in the first half of its financial year and made optimistic noises about becoming a "significant player in the platinum arena".
BT returns to mobile phone market
Wed 25 March 2015 14:32
Telecom giant BT will re-enter the UK's mobile phone market, after unveiling a range of 4G subscriptions.
Shell sells further $1.7bn in Nigerian assets
Wed 25 March 2015 14:11
Shell has completed the sale of more of its upstream Nigerian assets for $1.7bn, following another disposal in the country last week.
Venture Life trims losses as ageing-population treatments gain traction
Wed 25 March 2015 14:11
Full year results from consumer healthcare company Venture Life showed the first notable revenues for the company since it floated on AIM last March.
Moneysupermarket founder Nixon's sharp placing u-turn hits company's shares
Wed 25 March 2015 11:20
Moneysupermarket founder Simon Nixon tried to place 35m of his shares in the company on Tuesday after markets had closed but investors have seemingly rebelled and the placing has been pulled on Wednesday morning.
Kraft and Heinz agree megamerger backed by Berkshire Hathaway and 3G Capital
Wed 25 March 2015 10:24
Food giants Kraft and Heinz have agreed a megamerger to form the publicly listed Kraft Heinz Company, which will be the fifth largest food and beverage company in the world.
Rare Earth Minerals rises on positive updates from Sonora and Yangibana
Wed 25 March 2015 10:09
Mineral developer Rare Earth Minerals said the initial drilling conducted with Bacanora Minerals at the Sonora project in Mexico had intersected what looks to be a mineral source.
Task of identifying Germanwings 4U9525 passengers begins
Wed 25 March 2015 09:12
The painful task of identifying passengers who were on board the ill-fated Germanwings flight 4U9525 resumed on Wednesday.
AA sets out plans to raise £935m in refinancing deal to pay down debt
Wed 25 March 2015 08:26
British breakdown and insurance cover firm AA on Wednesday reported growth in full year earnings and detailed plans to raise £935m of equity and debt to improve its own finances.
Topps Tiles expects interim revenue to increase
Wed 25 March 2015 08:25
Tile and wood flooring group Topps Tiles expects half-year revenue to increase 6.4% to £104m.
Balfour Beatty forced to suspend dividend as it reports fat losses
Wed 25 March 2015 08:01
British construction firm Balfour Beatty on Wednesday was forced to suspend its dividend as a result of ongoing challenges in its UK construction contracts which resulted in multi-million pound losses.
Card Factory delivers disappointing dividend
Wed 25 March 2015 07:52
Retailer Card Factory signed, sealed and delivered its full year results with few surprises, although demanding investors were seemingly disappointed with the generous dividend as it was not quite the bigger present of a special dividend that they had bee
IP Group subsidiary drug granted market exclusivity for seven years
Wed 25 March 2015 07:21
IP Group subsidiary Diurnal has been granted Orphan Drug designation by the US Food and Drug Administration for its lead product Chronocort.
Bellway hikes interim dividend 56% after record earnings
Wed 25 March 2015 07:20
Profits at UK housebuilder Bellway jumped by more than a half to a record in the first six months of its financial year, prompting the company to hike its interim dividend by 56.3%.
United Utilities reports in line trading and over £850m in capital investment
Wed 25 March 2015 07:11
United Utilities Group said it expects a modest increase in underlying operating profit for current year earnings compared with the previous year and plans to invest over £850m in regulatory capital investment during the period.
TUI cruising on course for first half beat
Wed 25 March 2015 07:07
A first-half trading update from TUI AG confirmed the merged Anglo German travel colossus has sailed serenely past last year's figures and remained confident of delivering strong full year growth.
Germanwings Airbus A320 recovery operation to resume
Wed 25 March 2015 06:38
Authorities resumed operations on Wednesday to recover the bodies of 150 passengers flying from Barcelona to Düsseldorf on Tuesday.
British American Tobacco drops and sues its auditor PwC
Tue 24 March 2015 14:56
Cigarette maker British American Tobacco on Tuesday announced the end of its 17 year relationship with its auditor PriceWaterhouseCoopers and has taken them to court over a potential $1bn US environmental damages bill.
Wednesday preview: Balfour Beatty to swing to annual loss and suspend dividend, analysts predict
Tue 24 March 2015 14:47
Balfour Beatty is expected to report annual losses and suspend its dividend on Wednesday following four profit warnings.
HSBC looks to move UK operations to Birmingham
Tue 24 March 2015 14:22
Banking giant HSBC on Tuesday announced that the ring-fenced section of the bank that is being set up will be based in a new headquarters in Birmingham.
Morgan Stanley CFO Ruth Porat to join Google
Tue 24 March 2015 11:55
Investment bank Morgan Stanley's Chief Financial Officer Ruth Porat will be joining Google in the same executive position, both companies confirmed on Tuesday.
Morrisons shake-up sees five senior execs check out
Tue 24 March 2015 10:46
Supermarket group Morrisons has announced a major management reshuffle, with five senior executives axed less than 10 days after new chief executive David Potts got his feet under the table.
Banco de Madrid is the Spanish Lehman Brothers, analyst says
Tue 24 March 2015 09:22
Banco de Madrid's liquidation reminded him of the beginning of the financial crisis in 2008, with Lehman Brothers' fall in US, according to DiverInvest's analyst David Levy.
Gulf Keystone extends deadline for lenders to accept loan proposals
Tue 24 March 2015 08:53
Oil explorer Gulf Keystone Petroleum said it has given its lenders more time to accept an incentivised offer to accept changes of $250m (£167m) of loan notes.
888 final numbers impress as special dividend outweighs POC concerns
Tue 24 March 2015 08:39
Ahead of what is predicted to be a more difficult year as the UK imposes its point-of-consumption tax, online gambling company 888 Holdings celebrated a record set of annual results with a special dividend on top of its final payout.
Kingfisher takeover of Mr Bricolage teeters on shareholder uncertainty
Tue 24 March 2015 08:28
Retail group Kingfisher's long-running takeover talks with Mr Bricolage have stumbled on a major hurdle as the French company's board and major shareholders have admitted getting cold feet on the deal.
AG Barr annual profit rises but warns about lack of fizz in the market
Tue 24 March 2015 08:18
A strong performance from its main brands drove annual profit higher at soft-drink producer AG Barr.
Shares in Spire Healthcare fall despite posting revenues in line with expectations
Tue 24 March 2015 08:14
Hospital group Spire Healthcare saw its shares go down on Tuesday despite posting full-year results in line with expectations.
John Laing Infrastructure Fund lifts dividend as net asset value jumps on acquisitions
Tue 24 March 2015 07:59
John Laing Infrastructure Fund said it will raise its final dividend for the year, on the back of an increase in its net asset value in 2014.
H&M beats earnings estimates but warns on strong US dollar
Tue 24 March 2015 07:47
The world's second biggest fasion retailer, Hennes & Mauritz, has reported better than expected first quarter pre-tax profit but warned that a strong US dollar would impact its sourcing costs this year.
Total seeks $15b from Chinese investors for Russian LNG project
Tue 24 March 2015 07:35
French oil major Total has approached Chinese investors to part finance a $15bn Russian gas project, as sanctions on Russia continue to make financing from western markets harder.
Hutchison Whampoa and Telefónica near £10.5bn deal on O2
Tue 24 March 2015 07:28
Hutchison Whampoa and Telefónica are close to cementing a £10.5bn deal that would allow the Hong-Kong based group to merge the Spanish company's UK mobile operator O2 to its own British arm Three.
Strong US performance boosts H1 profits at Wolseley
Tue 24 March 2015 07:16
Builders and plumbers merchant Wolseley said it is on track for the full year after a double-digit increase in underlying profits in the first half, helped by record trading margins in the States and strong growth in e-commerce.
Land Securities sells 95% stake in London's Times Square for £268.4m
Tue 24 March 2015 07:15
Land Securities sold its 95% stake in the Times Square office building near St Paul's Cathedral to private equity group Blackstone for £268.4m.
Tesco senior director Patrick Cescau steps down
Mon 23 March 2015 16:30
A senior director at Tesco has announced on Monday he will step down from the board next month.
Premaitha Health wins contract with NHS Trust
Mon 23 March 2015 14:19
Shares in Premaitha Health jumped on Monday after announcing a three-year contract with St George's University Hospitals NHS Foundation Trust.
RBS plans to reduce stake in its US Citizens Financial business
Mon 23 March 2015 11:43
UK tax-payer owned bank Royal Bank of Scotland on Monday announced through its American bank Citizens Financial that it plans to slash its stake in the US business after its initial public offering.
Asco wins £100m contract with BP
Mon 23 March 2015 10:44
Aberdeen-based oilfield services group Asco has won a North Sea support operations tender valued over £100m from BP.
Interserve-Kajima JV reaches financial close on schools project
Mon 23 March 2015 08:26
Construction group Interserve said it has reached financial close on a project to design and build seven secondary schools across Hertfordshire and in Luton and Reading, which is valued at over £135m.
Pennon Group shares rise after upbeat trading update and outlook
Mon 23 March 2015 08:09
Shares in Pennon Group rose 1% at 839p on Monday after the UK utilities company pleased investors with an upbeat trading update and outlook statement.
SVG reports increase in net asset value, eyes further investments
Mon 23 March 2015 08:09
Private equity investor SVG Capital said sizeable investments and a strong portfolio performance drove its net asset value higher in 2014.
Centamin profits fall more than expected, but dividend impresses
Mon 23 March 2015 07:58
Profits at gold miner Centamin more than halved in 2014 as higher production was offset by increased output costs and lower commodity prices.
Competition regulator to review Dairy Crest's dairies disposal to Müller
Mon 23 March 2015 07:45
Dairy Crest's proposed sale of its dairies operations to Müller has been referred to the Competition and Markets Authority (CMA), though the branded milk, cheese and spreads maker has said the deal still "remains on track".
Afren notifies UK's SFO over expense payment concerns
Mon 23 March 2015 07:32
Embattled Africa-focused oil company Afren on Monday released a statement of its notification to the UK's Serious Fraud Office over concerns about expense payments expressed by the company's legal advisers.
Firstgroup signs contract with DfT to upgrade First Great Western rail
Mon 23 March 2015 07:27
Firstgroup has reached an agreement with the Department for Transport (DfT) to operate the First Great Western rail franchise until 1 April, 2019.
Halfords appoints McDonald's executive Jill McDonald as new CEO
Mon 23 March 2015 07:24
Halfords has appointed Jill McDonald as its new chief executive officer (CEO) effective 11 May 2015.
Noble Group initiates legal action against former credit analyst
Mon 23 March 2015 07:19
Asian commodities trading house Noble Group has initiated legal proceedings against a credit analyst it employed for spreading false information about the company.
Bond International Software jumps as full-year profits rise 78%
Fri 20 March 2015 16:17
Shares in Bond International Software jumped on Friday after reporting a 78% surge in its full-year pre-tax profits.
Vedanta Resources shares spike 20% as its Indian business fights $3.3bn tax charge
Fri 20 March 2015 16:11
Shares in Vedanta Resources spiked on Friday to recover from morning lows to trade higher by 20% after the company's Indian business Cairn India said it would fight against a $3.3bn tax charge.
Aldi denies plans to invest in e-commerce
Fri 20 March 2015 15:53
Aldi UK said on Friday that e-commerce was "not an immediate" priority for the group, denying reports that it was planning to enter the online grocery world.
BlackRock hit by record €3.2m fine by Germany's financial regulator
Fri 20 March 2015 14:26
Investment management firm BlackRock was fined a record €3.25m (£2.36m) by German financial authority BaFin.
WordReference, Babylon, Google Translate, Bing, Skype: Online translation is worth $37bn
Fri 20 March 2015 14:21
Major companies find online translation to be one of today's most lucrative markets generating more than $37bn a year in profits, according to a recent study.
Enel shares head north as investors welcome new business strategy
Fri 20 March 2015 12:16
Italian utility giant Enel shares gained 1.8% to trade at €4.33 as investors welcomed the group's new strategy which sees cost cuts increasing the dividend outlook.
Amazon given okay to test fly delivery drones in Washington
Fri 20 March 2015 11:15
Amazon has received approval from the Federal Aviation Administration (FAA) to test delivery drones in the US regardless of public concern for safety and privacy, according to The Telegraph.
Vedanta Resources shares slide after it cuts capex for 2015 and 2016
Fri 20 March 2015 09:48
Shares in London-listed miner Vedanta Resources dropped 3.7% to trade at 433p to become the biggest loser on the FTSE 100 index on Friday after the company revised its capital expenditure lower for the next two years.
Moody's downgrades Centrica as political pressures mount
Fri 20 March 2015 09:38
Moody's has downgraded the issuer rating and senior unsecured ratings of British Gas owner Centrica from Baa1 from A3.
Chariot Oil & Gas pre-tax loss widens on the back of impairment charge
Fri 20 March 2015 09:25
Larger impairment against its assets in Namibia saw oil explorer Chariot Oil & Gas post a wider annual pre-tax loss.
Better Capital acquires CAV Aerospace
Fri 20 March 2015 09:03
Investment group Better Capital has completed the acquisition of specialist manufacturer CAV Aerospace for an undisclosed amount.
FirstGroup extends Transpennine Express franchise agreement
Fri 20 March 2015 08:47
Transport company FirstGroup has reached an agreement with the UK Department for Transport to extend its contract to operate the First Transpennine Express rail franchise by a year.
Ryanair backs down on plans for transatlantic flights
Fri 20 March 2015 08:45
Irish low-cost airline Ryanair has abandoned plans for a transatlantic airline.
Gulfsands Petroleum shares slump 16% after it warns on finances
Fri 20 March 2015 08:45
Shares in Gulfsands Petroleum slumped 16% to trade at 2195p after the oil and gas producer warned on finances, saying it needs $15m in new capital to fund its planned operational activities over the next 12 months.
Tesco completes property swap with British Land
Fri 20 March 2015 08:17
Supermarket group Tesco has swapped ownership of a number of stores and retail parks with commercial real estate giant British Land in a deal worth £733m.
Pennon Group appoints Sir John Parker as new chairman
Fri 20 March 2015 08:08
Environmental utility infrastructure company Pennon Group has confirmed group chairman Ken Harvey will retire on 31 July.
Holcim, Lafarge agree new terms for €41bn merger
Fri 20 March 2015 07:46
Holcim and Lafarge have ironed out fresh terms over their proposed €41bn merger, which would create the world's biggest cement company.
TSB agrees sale with Banco Sabadell
Fri 20 March 2015 07:37
TSB has agreed to be acquired by Banco Sabadell in a transaction valued at £1.7bn.
Tullow's backers increase their financial committments
Fri 20 March 2015 07:24
Exploration outfit Tullow Oil has been granted access to increased financing to support its activities on more secure terms from lenders.
Berkeley Group strikes confident note in reiterating three-year guidance
Fri 20 March 2015 07:22
Housebuilder Berkeley Group reiterated its earnings guidance for the next three years to 2017 as management demonstrated their confidence in the UK housing market recovery.
Ladbrokes appoints digital chief Jim Mullen as new chief executive
Fri 20 March 2015 07:16
Ladbrokes has appointed a new chief executive in the shape of its current online chief Jim Mullen, who will take over from incumbent Richard Glynn on 1 April.
Shell sells $737m of Nigerian upstream oil assets
Fri 20 March 2015 07:05
Royal Dutch Shell has sold off a portion of its upstream assets in Nigeria for $737m cash to local operator Eroton Exploration & Production.
Vodafone closes in on Metroweb deal
Thu 19 March 2015 18:23
Vodafone has reportedly reached a preliminary agreement to buy a stake in Italian fibre-optic operator Metroweb Italia SpA from investor F2i Sgr SpA.
Sky sells 80% stake in Sky Bet to CVC Capital Partners
Thu 19 March 2015 16:01
Telecom provider Sky has completed the sale of an 80% stake of Sky Bet to CVC Capital Partners in a deal that values the business at £800m.
Friday preview: Berkeley Group reports interims amid housing market slowdown
Thu 19 March 2015 14:44
Housebuilder Berkeley Group is expected to report a rise in its forward order book in its trading update on Friday, despite the slowdown seen in the London housing market.
Delta Airlines asks for ban on Gulf carriers
Thu 19 March 2015 13:31
Delta Airlines chief executive said on Wednesday that new airspace limits should be given to Persian Gulf carries.
Statoil bags 14 Gulf of Mexico leases, persists with Russian plans
Thu 19 March 2015 12:26
Norway's Statoil has bagged 14 offshore oil and gas exploration leases in the Gulf of Mexico.
GSK sale of Aspen stake a 'credit positive' move, says Moody's
Thu 19 March 2015 11:50
Rating agency Moody's has described GlaxoSmithKline's decision to sell a 6.2% stake in Aspen Pharmacare as "credit positive".
General Motors to close down Russian plant, reassess operations
Thu 19 March 2015 11:19
General Motors has announced plans to mothball one its auto manufacturing plants in Russia on account of plummeting sales.
Rakuten buys eBook firm OverDrive for $410m
Thu 19 March 2015 11:13
Japanese e-commerce group Rakuten will acquire eBook and audiobook content group OverDrive for $410m.
ProPhotonix reports annual flat loss, warns of currency headwinds in 2015
Thu 19 March 2015 11:11
Strong currency headwinds saw LED lighting producer ProPhotonix post a flat annual pre-tax loss.
CityFibre completes Peterborough project
Thu 19 March 2015 10:46
Fibre optic infrastructure provider CityFibre confirmed it has completed the deployment of its Peterborough network, adding it had converted 102 pre-registered business customers in the area to contracts.
Xaar profits plunge 45% but expects stability in 2015
Thu 19 March 2015 09:32
As demand for ceramic tile printing slumped on the back of China's slowing construction market, digital printing group Xaar delivered lower sales and profits, as expected.
Angry Birds full-year revenue falls
Thu 19 March 2015 09:12
Rovio Entertainment, the Finish firm behind the popular Angry Birds franchise, announced on Thursday its preliminary financial results for 2014. Its total consolidated full-year revenue reached €158.3m, down by 9% regarding the previous year.
Network Rail promises improved service as government weighs in on London Bridge chaos
Thu 19 March 2015 09:12
Rail group Network Rail has promised it will deploy more staff, adopt an improved timetable and give better delay warnings for passengers at London Bridge Station, as it seeks to tackle the chaos that has crippled London Bridge station.
Rumours surface of possible bid for Corriere della Sera
Thu 19 March 2015 09:02
Market chatter has surfaced regarding a possible bid for Italian newspaper Corriere della Sera, owned by publishing group RCS.
Petropavlovsk completes refinancing but overhang remains
Thu 19 March 2015 08:52
Russian gold miner Petropavlovsk has completed its refinancing and reiterated its confidence in meeting 2015 production guidance.
Crest Nicholson house sales continue to build
Thu 19 March 2015 08:25
Housebuilder Crest Nicholson reported that the strong start to the spring selling season has continued in the weeks since its January results statement, with its sales rate up 10% on the same time last year.
Ted Baker posts strong full-year revenues as e-commerce sales expand
Thu 19 March 2015 08:25
UK clothing designer Ted Baker enjoyed a strong year in 2014 driven by a rise in e-commerce and US sales.
Holcim and Lafarge in talks to save deal, Lafont set to be given lesser role
Thu 19 March 2015 08:13
Cement makers Holcim and Lafarge are attempting to save the deal by giving Lafarge's boss Bruno Lafont a less prominent role.
Savills annual profit rises on strong US and UK performances, dividend hiked
Thu 19 March 2015 08:00
Strong performances in its UK and US business saw real estate provider Savills post higher annual pre-tax profit, on the back of an increase in revenue.
Ophir Energy reports full-year profit, prepares drilling programme
Thu 19 March 2015 07:53
In 2014 oil and gas exploration outfit Ophir Energy saw a sharp rise in profitability as it completed the sale of various exploration blocks off-shore Tanzania.
ARM Holdings predicts sharp rise in market share in servers
Thu 19 March 2015 07:50
Chip designer ARM Holdings's market share in servers may reach 20% by 2020, versus less than 1% at present, the company has reportedly said.
Rentokil Initial completes 50th acquisition in North America
Thu 19 March 2015 07:33
Continuing its accelerated acquisition strategy Rentokil Initial has completed two purchases in the Americas to strengthen its pest control business
Premier Farnell posts better than expected full-year profits
Thu 19 March 2015 07:24
Electronics components distributor Premier Farnell reported a drop in adjusted profits before tax of 3% to reach £74m in 2014. That came on the back of a 0.8% fall in full-year revenues to £960.1m.
FROB rules against bail-out of Banco de Madrid
Thu 19 March 2015 07:23
The Spanish Orderly Bank Restructuring Fund (FROB, as abbreviated in Spanish) resolved not to bail out Banco de Madrid. Clients are guaranteed a withdrawal of up to a maximum of €100,000.
Jimmy Choo parades well-heeled results lifted by Asian advances
Thu 19 March 2015 07:22
Operating profits sashayed 7.2% higher at high-fashion shoemaker Jimmy Choo as the company showed off its maiden numbers after October's initial public offer.
Next reports 2014 profit near top end of range on improving economic fundamentals
Thu 19 March 2015 07:21
British clothing retailer Next reported 2014 pretax profits up 7.2%, which is at the top end of its range, as the group benefited from improving consumer confidence.
AstraZeneca signs deal to commercialise new drug with Daiichi Sankyo
Thu 19 March 2015 07:07
AstraZeneca has signed an agreement with US company Daiichi Sankyo to jointly commercialise a new drug called Movantik.
US and Persian Gulf airlines involved in a war of words over business practices
Wed 18 March 2015 17:41
Tensions between US and Persian Gulf airlines are heating up with a war of words exchanged by top executives at carriers from both sides of the world over unfair business practices.
Thursday preview: Next unveils full-year results
Wed 18 March 2015 15:38
Fashion retailer Next reports its full-year results on Thursday with analysts expecting an increase in earnings, supported by online sales.
Shares in UK listed booze makers and pub owners advance after duty relief
Wed 18 March 2015 15:27
Shares in UK listed pub landlords, brewers and beverage companies all added gains on Wednesday after UK chancellor George Osborne decided to cut duty on beer by 1p for the third successive time in his budget.
Oracle's profits and sales take hit from strong dollar
Wed 18 March 2015 14:58
Software developer Oracle registered a small drop in quarterly profits as revenues took a large hit from the strengthening in the US dollar.
WPP interest in buying Tesco's data arm is logically a compelling deal - Bernstein
Wed 18 March 2015 13:51
Advertising titan WPP's interest in buying Tesco's data arm Dunnhumby is by logic, a compelling opportunity, said brokerage firm Bernstein.
Microsoft to retire Internet Explorer: 'the browser you loved to hate'
Wed 18 March 2015 11:36
Microsoft has revealed plans to axe its notorious web browser Internet Explorer, in a move that has got the tech world talking.
Banco de Madrid faces bailout or liquidation
Wed 18 March 2015 10:45
The Spanish justice system on Tuesday ruled to suspend Banco de Madrid's insolvency proceedings after an invention by the Bank of Spain.
Mirland Development swings to annual loss on Russia geopolitical sanctions
Wed 18 March 2015 09:39
Property investor MirLand Development Corporation swung to an annual loss as geopolitical tensions in Russia and the sanctions imposed on the country hit its property portfolio.
Hochschild Mining reports narrower net loss in 2014 and ramps up Peruvian site
Wed 18 March 2015 09:12
Silver miner and Latin American focused Hochschild Mining on Wednesday reported a narrower net loss in 2014 on the back of falling revenues on weaker commodity prices.
Imagination Technologies shares slump on poor licensing activity
Wed 18 March 2015 08:55
Shares in Imagination Technologies dropped 12% to trade at 227p early Wednesday as investors expressed disappointment with the group's lull in licensing activity during the period from November 1 to March 17.
Burford Capital enjoys strong 2014 with higher operating profits
Wed 18 March 2015 08:51
Equity investment company Burford Capital said 2014 was a year of robust capital demand with new investments and increasing activity levels.
Imperial Innovations portfolio company gets US drug approval
Wed 18 March 2015 08:51
Technology transfer and investment group Imperial Innovations said its portfolio company Cell Medica received an orphan drug designation by the US Food and Drug Administration.
Smiths Group's first half profits stumble and outlook remains mixed
Wed 18 March 2015 08:20
First-half profits at engineer Smiths Group stumbled on the hurdles of foreign currency and the lower oil price, but the company expects things to pick up in the second half.
Shaftesbury secures £130m loan with Aviva Commercial Finance
Wed 18 March 2015 08:12
Real estate investor Shaftesbury secured on Wednesday a £130m loan with Aviva Commercial Finance.
Phoenix reports jump in profits but waves goodbye to chairman
Wed 18 March 2015 08:04
UK investment manager Phoenix Group Holdings reported a jump in full year pretax profit on the back of strong performance of its managed funds business.
Astrazeneca new lung disease drug delivers successful results
Wed 18 March 2015 07:55
Pharmaceutical giant AstraZeneca said Phase III studies into investigative drug PT003 for chronic lung disease had delivered positive results.
IMI appoints SSE's Lord Smith of Kelvin as new chairman
Wed 18 March 2015 07:26
IMI has announced it will appoint Lord Smith of Kelvin as its new chairman following Roberto Quarta's decision to step down.
British Land to spend £50m on Meadowhall refurbishment
Wed 18 March 2015 07:24
Real estate giant British Land is pumping £50m into Meadowhall to refurbish the Yorkshire shopping centre as the retail destination celebrates its 25th birthday this year.
BG Group kicks off production at Knarr field in North Sea
Wed 18 March 2015 07:13
Oil and gas outfit BG Group has announced first oil from its part-owned Knarr field in the North Sea offshore Norway.
Galliford Try wins place on £3.9bn public sector framework
Wed 18 March 2015 07:06
Galliford Try has won a place as one of several companies on a £3.9bn public sector framework contract for the south of England.
Facebook to allow US users to send and receive money via Messenger
Tue 17 March 2015 20:23
Facebook is set to introduce a new feat on its messaging app that will allow US users to send and receive money to their friends.
Barclays and Citigroup close to settling Forex lawsuit with private investors
Tue 17 March 2015 18:09
Citigroup and Barclays will reportedly settle a lawsuit with private investors who say the banks manipulated foreign-exchange rates within the week.
China's Fosun International eyes up Cushman & Wakefield
Tue 17 March 2015 16:28
Chinese conglomerate Fosun International is reportedly mulling a bid to acquire property consultancy group Cushman & Wakefield.
Macerich rebuffs Simon Property's $16bn takeover proposal
Tue 17 March 2015 16:05
US real estate investment trust Macerich has rejected a $16bn takeover proposal from rival Simon Property Group, saying the unsolicited bid substantially undervalues the company.
Failed Holcim-Lafarge merger would be credit-positive for CRH, says Fitch
Tue 17 March 2015 15:39
Shares in CRH have taken a hit this week on fears that the Holcim-Lafarge merger may fall apart, given that the group's proposed acquisition of â‚¬6.5bn of assets from the two European cement giants is contingent on the completion of their tie-up.
Hikma Pharma shares drop on reports of the company's first benchmark bond issuance
Tue 17 March 2015 15:30
Middle East focused Hikma Pharmaceuticals is reportedly planning to sell its first benchmark-sized dollar bonds, according to two people familiar with the sale.
Wednesday preview: UK Budget and Federal Reserve policy decision in focus
Tue 17 March 2015 14:52
The UK Budget and the Federal Reserve's latest policy decision will dominate Wednesday's agenda.
Polymetal International increases stake in Vostochny Basis
Tue 17 March 2015 12:16
Precious metal producer Polymetal International has reached an agreement to increase its interest in LLC "Vostochny Basis", holder of the license for Tarutinskoye copper deposit, from 25% to 50%.
Nintendo set to expand into mobile and tablet-friendly gaming
Tue 17 March 2015 12:09
Nintendo has decided to team up with one of Japan's biggest mobile gaming company DeNA to branch out into mobile and tablet gaming.
RSA considers pulling the plug on Latin American business
Tue 17 March 2015 11:19
RSA Insurance Group is reportedly considering disposing of its Latin American business as it continues to restructure itself.
BT fined Â£800,000 by Ofcom for failing to provide improved text service
Tue 17 March 2015 10:50
Telecom group BT has been fined Â£800,000 by Ofcom for failing to provide an improved text-to-voice service.
North Sea oil and gas producers in line for tax break in latest UK budget
Tue 17 March 2015 10:45
North Sea oil and gas producers are set to benefit from UK Budget tax cuts in Wednesday's statement, signalled by Danny Alexander, chief secretary to the Treasury.
HSBC to close Jersey accounts as it carries out ID checks
Tue 17 March 2015 10:24
HSBC is in the process of closing all accounts on Jersey belonging to customers residing in Britain, as the bank carries out checks on the identity and addresses of its customers on the Channel Islands.
Banco de Madrid's brokerage arm intervened by regulator
Tue 17 March 2015 10:20
The Spanish stock market regulator (CNMV, as abbreviated in Spanish) announced its decision to intervene Interdin, Banco de Madrid's broker-dealer.
Trinity Mirror in talks to snap up assets from Express Newspapers
Tue 17 March 2015 09:35
Trinity Mirror has confirmed it is in preliminary talks to snap up rival newspaper the Daily Express in a sign of further consolidation in the newspaper market.
Apple to launch TV streaming bundle in September
Tue 17 March 2015 09:11
Apple has planned to offer customers a bundle of about 25 TV networks, according to The Wall Street Journal, which cited sources close to the matter.
OneSavings Bank more than doubles its annual profits
Tue 17 March 2015 08:55
OneSavings Bank, a specialist lender in the UK, more than doubled its profits on the back of strong loan growth in the housing market.
Lonmin appoints Ben Moolman as new chief operating officer
Tue 17 March 2015 08:22
British platinum producer Lonmin appointed a new chief operating officer on Tuesday one month after Johan Viljon resigned just six month after taking the job.
Kier wins construction framework and London contracts
Tue 17 March 2015 08:08
Construction and services group Kier has been selected for all three lots under the Â£2bn Southern Construction Framework and been named preferred bidder on two contracts in London.
Just Eat delivers fat profits as customers embrace mobile revolution
Tue 17 March 2015 08:05
Full year sales and earnings from online restaurant delivery enabler Just Eat were fatter than the City expected as mobile orders mushroomed.
IG Group reports Â£18.4m of client debt after January's SNB move
Tue 17 March 2015 08:03
London listed electronic trading firm IG Group on Tuesday revealed the full extent of the damage caused by the Swiss National Bank's move to scrap the franc's ceiling with the euro.
Sainsbury's sales fall as market to remain challenging for foreseeable future
Tue 17 March 2015 07:28
Sainsbury's posted a 1.9% fall in fourth-quarter like-for-like sales excluding fuel, not as bad as many had feared, but warned it expected the market to remain challenging for the foreseeable future.
Sky invests extra $5m in on-demand start-up 1Mainstream
Tue 17 March 2015 07:11
Sky has invested an extra $5m into 1Mainstream, a company it has been using as an on-demand video technology supplier.
BHP recommends demerger to shareholders, promises not to cut dividend
Tue 17 March 2015 07:04
BHP Billiton, the world's largest miner, has recommended shareholders to approve its proposed demerger as it spins off its non-core activities into a new company called South32.
Antofagasta warns of Los Pelambres "uncertainty" as profits sink more than expected
Tue 17 March 2015 06:48
Profits at copper miner Antofagasta sank more than expected in 2014 as lower production and weaker commodity prices were met with higher costs, prompting the company to slash its dividend by 77.4%.
Ryanair board sets its sights on transatlantic flights by 2020
Mon 16 March 2015 17:53
The board of budget airline Ryanair has approved plans to start transatlantic flights between Europe and the US by 2020.
Quindell confirms Â£640m sale talks with Slater & Gordon
Mon 16 March 2015 16:31
Quindell confirmed speculation that it is in talks with Slater & Gordon regarding a possible takeover from the Australian law firm for its legal services business, but denied an offer had been made.
Valeant succeeds with all-cash offer for Salix Pharmaceuticals
Mon 16 March 2015 16:08
Valeant Pharmaceuticals has won the bid battle for US rival Salix Pharmaceuticals following its failure last year to acquire Allergan, the maker of Botox.
Tuesday preview: Antofagasta full-year results, Sainsbury trading update
Mon 16 March 2015 15:13
Antofagasta will report its 2014 financial results on Tuesday though the focus will likely be on reports the copper miner is reviewing the financial viability of its Chilean operation.
BT Sport extends Aviva Premiership Rugby deal
Mon 16 March 2015 15:08
Telecoms giant BT confirmed it has extended its current deal to broadcast Aviva Premiership Rugby games for another four years, making it the longest in the history of the competition.
Market Tech buys stake at Glipsa for â‚¬32m
Mon 16 March 2015 14:29
Market Tech Holdings acquired a controlling stake in Glispa, a Berlin-based mobile marketing business, for â‚¬32m.
Facebook sees increase in government requests to take down posts
Mon 16 March 2015 13:06
In the second half of 2014 Facebook received more requests from governments to take-down posts made by users, according to the Global Government Requests Report published on Monday.
Turbo Power extends loan and narrows annual loss
Mon 16 March 2015 12:03
Electrical machines and electronic systems manufacturer Turbo Power Systems has reached an agreement with TAO Sustainable Power Solutions to extend its loan deal by one year.
China Chaintek tumbles on profit warning
Mon 16 March 2015 11:23
Domestic logistics services provider China Chaintek warned that its profit will halve in 2015, with the Chinese government's push to change the way manufacturers operate set to weigh on revenue.
Brady annual pre-tax profit rises on higher revenue
Mon 16 March 2015 10:44
Higher revenue and lower expenses saw risk management and settlement services group Brady post an increase in its annual pre-tax profit.
Shell abandons shale projects in South Africa
Mon 16 March 2015 10:17
Lower energy prices have forced oil giant Royal Dutch Shell to abandon its shale projects in South Africa.
WPP boss Sorrell to receive maximum payout of shares under reward scheme
Mon 16 March 2015 10:10
WPP's chief executive Martin Sorrell will receive Â£36m worth of shares for his performance this year, the UK advertising giant revealed on Monday.
EKF Diagnostics tanks as it swings to annual loss on exceptional costs
Mon 16 March 2015 09:24
Shares in medical diagnostic equipment producer EKF Diagnostic tanked on Monday as the group swung to an annual pre-tax loss in 2014 on exceptional costs.
Banco de Madrid suspends operations and applies for insolvency proceedings
Mon 16 March 2015 09:14
Following last week's Banco de Madrid's intervention by Bank of Spain, the bank suspended its operations and applied for insolvency proceedings on Monday.
Antofagasta warns it could close copper mine in Chile
Mon 16 March 2015 09:03
Mining giant Antofagasta said it might have to close its Los Pelambres mine in Chile.
Holcim rejects Lafarge merger offer, demands better terms
Mon 16 March 2015 07:38
The board of Swiss aggregates giant Holcim has rejected the terms of a â‚¬42bn merger with French cement group Lafarge.
Brilinta sales potential rises at Astrazeneca after positive Pegasus study
Mon 16 March 2015 07:07
Results from Astrazeneca's much-anticipated Pegasus study of its Brilinta treatment found that the drug could extend patients' lives following a heart attack, though it did carry risks of increased bleeding.
Diageo backs down on supplier payment terms
Fri 13 March 2015 16:31
Drinks giant Diageo has given up on its plans to extend its supplier payment terms.
Dee Valley guides towards higher revenues and profits
Fri 13 March 2015 16:31
Water group Dee Valley said its revenues and profits remained ahead of expectations due to favourable variances in consumption, specially in non-household customers.
HSBC's Swiss bank now also wanted for trial in France
Fri 13 March 2015 14:33
Adding to investigations by Swiss and German prosecutors, HSBC's Swiss private bank must now also face trials in France to answer charges over an alleged tax-dodging scheme for wealthy customers.
RBS facing US banking trial over mortgage-backed securities
Fri 13 March 2015 14:11
Royal Bank of Scotland has been taken to court in the US as part of the Federal Housing Finance Agency's (FHFA) litigious campaign to recover part of the losses arising during the credit crunch.
Easyjet plane declares emergency on flight to Lisbon
Fri 13 March 2015 11:10
An Easyjet flight from London Gatwick to Lisbon declared an emergency, diverting course and descending rapidly as it flew over the Bay of Biscay.
UBS revises 2014 profits slightly lower
Fri 13 March 2015 09:25
Swiss banking giant UBS has revised its full-year 2014 profits slightly lower.
Wood Group wins contract at Statoil gas processing plant
Fri 13 March 2015 08:00
Wood Group has won a contract worth 500m Norwegian krone (Â£41m) for engineering modifications and upgrades to Statoil's Kollsnes process plant near Bergen.
Afren creditors plan highly dilutive debt-for-equity swap
Fri 13 March 2015 07:11
After unveiling $2bn of impairment charges for its upcoming 2014 results, Afren has entered into a funding agreement with its lenders that will result in "substantial dilution" for existing shareholders.
JD Wetherspoon sales slow in second half after short-measure of interim profits
Fri 13 March 2015 07:07
As it announced cheaper breakfasts and free-refill coffee campaign to capture a fuller slice of the morning trade, JD Wetherspoon served up a slightly short measure of first-half profits and revealed sales began to slow in the second half.
Glaxo completes part sale of Aspen stake
Fri 13 March 2015 07:07
Glaxosmithkline has sold half its stake in former South African associate Aspen Pharmacare for Â£0.574bn.
Tough market hits Waitrose full-year profits
Thu 12 March 2015 17:05
John Lewis Partnership said on Thursday its Waitrose chain was affected by a "tough market" with competitive prices, forcing to cuts its staff bonuses.
Shell's CEO pay reaches â‚¬24m
Thu 12 March 2015 17:03
Ben van Beurden, the chief executive of Royal Dutch Shell, has become the best paid oil chief executive in the country.
Commerzbank accused of overlooking sanction breaches
Thu 12 March 2015 16:06
Commerzbank turned a "blind eye" to money laundering and sanction breaches, said US authorities as they announced a $1.45bn settlement with the German lender.
GSK to sell half of Aspen Pharma stake
Thu 12 March 2015 15:52
GlaxoSmithKline (GSK) has revealed it plans to sell half of its 12.4% stake in South Africa's largest drug company, Aspen Pharmacare.
Stock Spirits predicts 'return to normal' in Poland after tough 2014
Thu 12 March 2015 15:29
Shares in Stock Spirits jumped on Thursday after the Central and Eastern European branded spirits producer said it expects a return to "more normal trading patterns" in Poland this year after a difficult 2014.
CRH boosted by continuation of Holcim-Lafarge merger talks
Thu 12 March 2015 15:25
Shares in CRH were higher on Thursday after European cement giants Holcim and Lafarge confirmed merger talks were continuing.
Mulberry appoints new CEO one year after Guilon's departure
Thu 12 March 2015 14:40
The luxury retailer Mulberry appointed Thierry Andretta as the new chief executive one year after the former boss left the group following a profit warning.
Friday preview: JD Wetherspoon reports first half interims
Thu 12 March 2015 14:33
JD Wetherspoon's first half sales are expected to be offset by a decline in margins as the pub operator lured in customers with cheaper drinks.
Richard Branson sued for 'stealing' cruise chip idea from former Norwegian CEO
Thu 12 March 2015 11:58
Billionaire Richard Branson and his Virgin Group are being sued by the ex-chief executive of Norwegian Cruise Line for allegedly stealing his cruise ship idea.
John Lewis cuts staff bonuses after reporting 9% profit drop
Thu 12 March 2015 11:56
John Lewis has slashed staff bonuses by 4%, sending them to their lowest level in 12 years after reporting a 9% profit drop.
TSB and Sabadell shares react to takeover offer
Thu 12 March 2015 11:24
As news hit the wires that challenger bank TSB received a cash takeover offer from Spain's Banco Sabadell their shares shot off in different directions.
BHS snapped up by new Retail Acquisitions vehicle
Thu 12 March 2015 10:50
A new vehicle set up to buy retail assets has acquired loss-making high street clothing retailer BHS from retail magnate Sir Philip Green.
HICL Infrastructure buys stakes in three schools for Â£26.4m
Thu 12 March 2015 09:50
Investment group HICL Infrastructure has acquired stakes from construction group Laing O' Rourke in three separate projects for Â£26.4m
Interserve JV wins Rotherham biomass plant construction deal
Thu 12 March 2015 09:48
Interserve has won a Â£150m contract by the Brite Partnership North East to build a biomass-fired power plant in Rotherham, as part of joint venture.
TSB confirms takeover bid from Spain's Banco Sabadell, Lloyds gives approval
Thu 12 March 2015 09:18
Recently floated TSB has received a cash takeover approach from Spain's Banco Sabadell, which TSB's majority owner Lloyds said it would accept.
Computacenter annual profits grows as UK performances offset sluggish growth in Europe
Thu 12 March 2015 09:10
Information technology provider Computacenter PLC cited strong performances in its UK business as the driving factor behind an annual pre-tax profit increase.
SIG revenues fall as European markets deteriorate but profits jump
Thu 12 March 2015 09:04
SIG, the supplier of insulation, roofing, commercial interiors and construction products, said its full-year results were hurt by deteriorated European markets.
Cineworld delivers blockbuster year
Thu 12 March 2015 08:43
Cinema operator Cineworld Group more than doubled its annual pre-tax profits, as higher box office intakes drove revenue up.
Soco International shocks with reserves reclassification
Thu 12 March 2015 08:19
As it waits for an independent legal review into allegations of wrondoing in the Democratic Republic of the Congo, SOCO International warned that it had reclassified a large portion of its reserves due to the oil price slump.
Serco swings to annual loss amid rising costs, set to raise Â£555m
Thu 12 March 2015 08:04
Serco swung to an annual pre-tax loss as asset impairments and expensive contract provisions weighed on results.
ITV to acquire The Voice creator Talpa Media for Â£355m
Thu 12 March 2015 07:48
ITV has agreed to acquire Dutch television producer Talpa Media for around Â£355m in its latest strategic step to create international content and expand across Europe.
ASOS jumps as Q2 growth accelerates, but investments hit margins
Thu 12 March 2015 07:45
Shares in ASOS soared on Thursday morning after the online fashion retailer impressed investors with a strong acceleration in sales growth in the second quarter.
Antofagasta settles dispute with Los Pelambres locals, but output reduced by 8kt
Thu 12 March 2015 07:06
Antofagasta has reached an agreement to resolve a two-week-long protest that hit production at its flagship Los Pelambres copper project in Chile.
Morrisons losses mushroom after property write-off, plans 23 store closures
Thu 12 March 2015 06:58
Like-for-like sales improved in the fourth quarter at Morrisons but the grocer reported a Â£792m loss before tax for 2014 as it wrote down the value of its stores by Â£1.3bn and announced 23 closures.
Thursday preview: Morrison expected to report drop in annual profit amid supermarket price war
Wed 11 March 2015 14:49
WM Morrison Supermarkets is forecast to report its worst annual profit figure in eight years on Thursday amid a price war in the sector.
Adecco posts strong full-year revenues despite soft market, improvement seen
Wed 11 March 2015 14:37
Human resources group Adecco reported strong full-year results with revenues and gross margins up despite a softer European market in the fourth quarter, particularly in Germany and France, although it has seen an improvement since the beginning of the ye
Burberry appoints business veteran Arredondo to board
Wed 11 March 2015 11:18
Shares in Burberry advanced on Wednesday after the British fashion house appointed Fabiola Arredondo as a non-executive.
Tungsten Corp to expand services in India
Wed 11 March 2015 10:39
Technology company Tungsten Corporation has said it has received approval to deliver electronics invoices in India, as the group looks to expand its business.
Domino Printing jumps after agreeing to Â£1bn takeover from Brother Industries
Wed 11 March 2015 09:56
Japan-based office equipment supplier Brother Industries has agreed to acquire British printing technology company Domino Printing Sciences for Â£1.03bn.
HICL Infrastructure invests Â£7.2m in building new schools
Wed 11 March 2015 09:01
HICL Infrastructure announced a new investment of Â£7.2m to build new schools in the North East.
Google CFO to retire within six months
Wed 11 March 2015 08:53
Google announced late Tuesday night that its chief financial officer (CFO) Patrick Pichette will retire as soon as a replacement is found.
FirstGroup appoints Intertek CEO as new chairman
Wed 11 March 2015 08:53
Transport operator FirstGroup has confirmed Wolfhart Hauser, chief executive of Intertek Group, will succeed John McFarlane as chairman.
Hikma injects new life into annual profit, remains optimistic about 2015
Wed 11 March 2015 08:16
Strong performances in Hikma Pharmaceuticals' injectable drug business drove the company's annual pre-tax higher by over 20%, though a warning about the impact of the US dollar on 2015 revenues was perhaps behind an initial fall in the shares.
Bwin.party dealt difficult hand after swinging to a loss in 2014
Wed 11 March 2015 07:56
A decline in regulated poker markets weighed on online gambling group Bwin.Party Digital Entertainment's annual earnings as the company swung to a loss.
N Brown issues 'slight' profit warning after tactical investing in price and product
Wed 11 March 2015 07:50
N Brown has warned of a lower-than-expected product gross margin percentage for the full year, the retailer's second profit warning in six months.
Cairn Energy hit by $1.6bn Indian tax bill
Wed 11 March 2015 07:43
Cairn Energy has been issued with a bill of at least $1.6bn (Â£1.06bn) by the Indian government due to unpaid tax by a subsidiary, which the company has contested.
Foxtons earnings subside as London property market slows down
Wed 11 March 2015 07:40
The sharp downturn in property sales in the second half saw earnings subside at London estate agent Foxtons, which warned that it expects property sales activity to remain subdued for some months yet.
Bank of Spain intervenes Banco de Madrid
Wed 11 March 2015 07:27
The Spanish central bank announced on Tuesday night it was intervening Banco de Madrid S.A., a small bank 100% owned by Andorran lender BPA.
Galliford Try wins Â£160m schools contract under new government model
Wed 11 March 2015 07:26
Galliford Try has closed on a Â£160m contract under the government's new private finance aggregator model to build schools in the North East and North Wales.
Michael Page profits fly higher despite forex pressures
Wed 11 March 2015 07:13
Full year profits from Michael Page for 2014 were higher than recent guidance and market expectations as the specialist recruiter capitalised on robust performances in the UK and Germany and even better from the US and China.
Tullow Oil enjoys 'excellent results' from latest appraisal in Kenya
Wed 11 March 2015 07:05
Tullow Oil has hailed its appraisal activity in the South Lokichar Basin in Kenya as it looks to prove reservoir quality and define resources estimates ahead of potential development, though one well had to be plugged and abandoned.
Domino Printing Sciences lined up by Japanese firm in Â£1bn takeover
Tue 10 March 2015 19:50
An unnamed Japanese firm is set to clinch a takeover deal worth close to Â£1bn with British printing technology company Domino Printing Sciences.
Wednesday preview: Foxtons reports annual results amid slowing housing market
Tue 10 March 2015 15:02
Real-estate giant Foxtons is expected on Wednesday to report a drop in full-year earnings amid a slowdown in the London housing market.
Lonmin brings two platinum furnaces back on line
Tue 10 March 2015 14:52
Platinum producer Lonmin said its two furnaces were back up and running and that its mid-year working capital and borrowings that built up as a result of the smelter outage are anticipated to unwind by year-end.
RWE shares drop after 45% decline in 2014 profits
Tue 10 March 2015 13:47
Germany electricity provider RWE reported a 45% drop in full year pretax profits in 2014 as a slump in power prices dented the group's profitability.
Ted Baker expands into interior design
Tue 10 March 2015 11:43
British clothing designer Ted Baker has sashayed into interior design services via a deal with a property group set up by chief executive and founder Ray Kelvin, called THAT Bournemouth Company.
Apple Watch will only last three hours if users engage in phone conversations
Tue 10 March 2015 11:03
The Apple Watch was launched at a San Fransisco event on Monday but reports have shown the device's battery life will only last three hours if it is used for phone conversations.
Ryanair confirms plans for transatlantic flights
Tue 10 March 2015 10:38
Budget airline Ryanair has confirmed it is considering offer transatlantic flights after years of speculation.
Wood Mackenzie IPO denied after takeover by Verisk Analytics
Tue 10 March 2015 10:15
Verisk Analytics, the US data analytics provider has snapped up the UK's energy consultancy Wood Mackenzie for Â£1.85bn, obstructing the company's planned Â£2bn initial public offering.
Verisk Analytics to acquire WoodMac in Â£1.85bn deal
Tue 10 March 2015 09:52
Verisk Analytics has agreed to buy Edinburgh-based WoodMac from San Francisco private equity firm Hellman & Friedman for Â£1.85bn.
Lloyds sells iconic Halifax House Price Index to Markit
Tue 10 March 2015 09:45
The UK's Lloyds Banking Group is selling one of the country's most popular property price trackers, the Halifax House Price Index to global financial data provider Markit.
IP Group announces capital raising and chairman appointment
Tue 10 March 2015 09:27
IP Group said it plans to raise capital to fund expansion as it announced the promotion of Mike Humphrey to the role of chairman.
Tesco surges to strongest growth in 18 months as squeeze put on rivals, says Kantar
Tue 10 March 2015 09:20
Tesco has enjoyed its strongest performance in 18 months with sales up 1.1% in the past 12 weeks, as the industry price war created record levels of deflation, according to fresh data from Kantar Worldpanel.
Limited impact on foreign bank ratings if "Grexit" occurs, says S&P
Tue 10 March 2015 09:11
Standard & Poor's Ratings Services reported on Tuesday that there would be a limited impact on foreign bank ratings if Greece leaves the Eurozone.
Allied Minds joins forces with Aerospace Corp to improve optical satellite data transfer
Tue 10 March 2015 08:56
Technology developer Allied Minds said it has formed BridgeSat in partnership with the US federally-funded Aerospace Corp as part of a commercialisation collaboration.
Close Brothers profits ahead of expectations thanks to strong banking division
Tue 10 March 2015 08:38
Close Brothers reported strong half year results driven by a good performance from its banking division.
Insurer Esure reports falling profits as it takes over Gocompare
Tue 10 March 2015 08:29
Pre-tax profits fell 12.8% to Â£103.3m at UK insurer Esure on the back of challenging market conditions and costs associated with the acquisition of Gocompare.
Premier Oil starts gas production in Indonesia
Tue 10 March 2015 08:17
Premier Oil announced it has started its gas production in the Pelikan field in Indonesia.
WPP invests in Swedish internet TV outfit FlowNetwork
Tue 10 March 2015 08:09
Advertising and media giant WPP is to buy a minority stake in Swedish over-the-top TV service FlowNetwork.
Ocado gains market share but leaves analysts cold
Tue 10 March 2015 08:08
A trading statement from Ocado showed revenues and average orders strongly ahead on the previous year's figures, implying the online grocer gained market share in both the online and overall grocery channels.
Cairn Energy cuts loss by a third after rationalisation
Tue 10 March 2015 08:03
Oil explorer Cairn Energy cited rationalisation of its business as the driving factor behind a reduction in its full year losses.
Inchcape saw operating cash-flows almost double in 2014
Tue 10 March 2015 07:50
An acceleration in its sales momentum drove a fifth consecutive year of double-digit earnings growth at Inchcape, as business continued to power ahead in Australasia and South Asia.
G4S reports annual profits but sets aside provisions to cover contract losses
Tue 10 March 2015 07:41
London listed security group, G4S, reported a better than expected rise in pre-tax profits in 2014 but raised provisions for underperforming UK government contracts by Â£45m as it continues to recover from reputational damage following scandals.
Prudential's profit growth slows ahead of Thiam exit
Tue 10 March 2015 07:37
As it confirmed overnight stories of the departure of chief executive Tidjane Thiam, insurer Prudential released results showing growth in operating profits slowed to 14%, though this was better than the City expected.
Segro concludes portfolio re-balancing, sells Italian assets
Tue 10 March 2015 07:19
Property developer Segro has sold a recently developed office campus near Milan, as it shifts its weight towards its main markets of warehousing and light industry in London's western corridor and in key conurbations in France, Germany and Poland.
Grainger takes action to recoup Clifden shortfall
Tue 10 March 2015 07:10
Residential property owner and manager Grainger has taken action to attempt to recover monies owed from a recent disposal.
BHP Billiton iron ore operations on track despite "challenging market conditions"
Tue 10 March 2015 07:08
BHP Billiton unveiled a record production of 124m tonnes in the first half of its financial year and said it's on track to deliver 245m tonnes for the full year ending 30 June 2015.
Antofagasta butts heads with locals at Los Pelambres on environmental concerns
Tue 10 March 2015 07:07
Copper mining group Antofagasta has been told by a court that it must destroy at least part of its tailings dam at the Los Pelambres project in Chile as it is affecting the natural flow of a nearby river.
Credit Suisse poaches Prudential's Tidjane Thiam as new CEO
Mon 09 March 2015 23:19
Credit Suisse has poached Prudential'sboss Tidjane Thiam to replace long-standing chief executive Brady Dougan as chief executive.
Barclays accused of breaking promise to shareholders, says leading pension body
Mon 09 March 2015 18:01
A leading pension body has called for the resignation of Barclays' pay review committee chair Sir John Sunderland.
HSBC boss says he should stay in role, despite damage to bank
Mon 09 March 2015 17:54
HSBC chief executive Stuart Gulliver has admitted the scandal surrounding his personal tax arrangements have damaged the bank's reputation.
Morgan Stanley expects UK bank capital ratios to rise further to meet regulatory standards
Mon 09 March 2015 17:41
US heavyweight banking titan Morgan Stanley took note of the rising capital demands for UK banks in its latest note to clients and now expects that over 13% of Common Tier Equity 1 (CTE1) ratios to become the new baseline for the sector.
Bill Gross' Janus fund suffers first outflow
Mon 09 March 2015 17:33
Bill Gross' new mutual fund suffered from investor withdrawals in February, a first since the bond investor moved to Janus Capital.
HBO's streaming service to be Apple exclusive
Mon 09 March 2015 17:20
Apple has revealed it will be an exclusive partner of HBO Now, the network's streaming service, at an event in San Francisco.
Rolls-Royce awarded $300m Trent 700 contract with Turkish Airlines
Mon 09 March 2015 17:06
Rolls-Royce said Monday that it has been awarded $300m for the supply of its Trent 700 engines and support services to Turkish Airlines.
Lafarge shares drop while Holcim shares rise as questions over deal terms emerge
Mon 09 March 2015 15:31
Shares in French cement maker Lafarge fell 1.4% to trade at â‚¬64.30 after a report in a Swiss weekly newspaper over the weekend said Holcim's largest shareholder has doubts about the tie-up of the two companies ahead of investors voting on the deal.
Tuesday preview: Scandal-hit G4S reports full-year results
Mon 09 March 2015 15:02
G4S is expected to report an increase in annual profits as the security company bounces back from its scandals on contracts.
Gaming & Leisure makes hostile offer for Pinnacle's real estate assets
Mon 09 March 2015 14:09
Gaming and Leisure Properties Inc. (GLPI) has gone hostile with its offer to buy Pinnacle Entertainment Inc.'s real estate assets.
Simon Property places bid for Macerich takeover
Mon 09 March 2015 14:06
Simon Property has announced on Monday a $16bn binding offer to acquire Macerich, a Californian real estate investment trust group.
GM bows to pressure, implements $5bn buy-back
Mon 09 March 2015 14:04
US carmaker GM intends to return all available free-cash-flow to its shareholders while targeting operating margins of up to 10% in the long-term.
Apple set to unveil Apple Watch but analysts are cautious
Mon 09 March 2015 13:23
Apple is expected to release the Apple Watch on Monday, six months after announcing the product in September.
Lloyds looking to dispose of Irish CRE portfolio
Mon 09 March 2015 11:13
Lloyds Banking Group is looking to dispose of its entire residual Irish CRE portfolio, according to reports in Ireland.
BP makes second gas discovery in Egypt
Mon 09 March 2015 10:53
Oil and gas giant BP has made a second gas discovery in his offshore site in the East Nile Delta in Egypt.
Standard Chartered could consider moving its HQ to Asia
Mon 09 March 2015 10:31
The board of Standard Chartered could consider moving its global headquarters in Asia, according to reports.
Telecity reaches definitive takeover agreement with Interxion
Mon 09 March 2015 09:03
Data centre operator Telecity Group has reached a definitive agreement for the all-share takeover of sector peer Interxion Holding.
Moneysupermarket loses two directors from its board
Mon 09 March 2015 08:59
Cash saving expert, Moneysupermarket.com has lost two of its high profile directors a week after reporting 2014 earnings.
Government brings stake in Lloyds under 23%
Mon 09 March 2015 08:34
The British government has sold Â£500m worth of shares in Lloyds Banking Group, bringing its stake in the bank down from 40% to 22.8%.
Balfour Beatty wins landmark 10-year project along the Thames Estuary
Mon 09 March 2015 08:24
London listed construction giant Balfour Beatty has been appointed as the civil contractor to deliver a 10-year project on the Thames Estuary in the largest single flood risk asset management programme ever awarded in the UK.
SABMiller outlines confidence in long-term beer growth in Africa
Mon 09 March 2015 07:57
Brewing giant SABMiller has said that more affordable drinks and "middle-class aspirations" are behind the long-term growth potential in the African beer market.
Hansteen doubles annual pre-tax profit, lifts dividend
Mon 09 March 2015 07:55
Strong UK sales saw real estate investment trust Hansteen Holdings double its pre-tax profit in 2014.
Gemfields reports second-half figures in line with forecasts
Mon 09 March 2015 07:34
Precious stones miner Gemfields saw second-half revenues jump, while operating profits more than tripled.
Antofagasta copper output hit by ongoing protests at Los Pelambres
Mon 09 March 2015 07:14
Ongoing protests at Antofagasta's Los Pelambres copper project in Chile have taken their toll on production, the company said on Monday, after negotiations about drought conditions with locals stalled.
Upbeat WPP posts record profit of Â£1.5bn
Mon 09 March 2015 07:11
WPP, the world's biggest advertising company recorded a Â£1.5bn annual profit in 2014 and kicked off 2015 on a strong note.
Apple to enter 119-year old Dow Jones Industrials Average
Fri 06 March 2015 14:54
In with the new and out with the old, consumer technology giant Apple will push AT&T out of the over more than one century old Dow Jones Industrials Average on 18 March, with the change due to become effective at the opening bell of the next day.
BP gives green light for $12bn Egyptian investment project
Fri 06 March 2015 10:48
BP has confirmed it is to plough ahead with its Â£12bn West Nile Delta (WND) project in Egypt, with production slated to begin in 2017.
Marshalls doubles pre-tax profits on UK construction sector recovery
Fri 06 March 2015 09:42
UK paving and residential flooring supplier Marshalls benefited from the recovery in the sector by doubling pre-tax profits in 2014, prompting the group to increase output volumes of concrete slabs.
Sofa retailer DFS returns to the London market
Fri 06 March 2015 08:51
British furniture retailer DFS has returned to the London stock market after more than a decade, pricing its shares at 255p.
Osborne plans "quick" sale of RBS stake
Fri 06 March 2015 08:28
UK chancellor George Osborne said he wants to sell off the government's stake in Royal Bank of Scotland "as quickly as we can" after the general election.
Just Retirement totters as major shareholder sells down stake
Fri 06 March 2015 08:28
Shares in Just Retirement group were sharply lower on Friday after its majority shareholder Avallux sold down its stake.
Weir Group stock gets lifted by bid speculation
Fri 06 March 2015 07:51
Shares in British engineering giant Weir Group rose by 5.8% early Friday to trade at 1836p amid bid speculation.
Evraz sells part of North American subsidiary
Fri 06 March 2015 07:43
Steel maker Evraz has agreed the sale of part of its North American business for $51m in cash.
Women get 16 weeks full pay under new pioneering maternity policy at Vodafone
Fri 06 March 2015 07:33
Telecoms giant Vodafone has become one of the first companies to adopt a mandatory minimum global maternity policy for its employees, giving women at least 16 weeks of full pay after having a baby.
Alliance Trust raises dividend for 48th consecutive year
Fri 06 March 2015 07:13
Scottish based investment manager Alliance Trust posted a net asset value (NAV) total return of 8.1% last year and raised its total dividend, including a special dividend of 2.54p by 14.3%.
Thomas Cook agrees partnership as Chinese Club Med owner takes stake
Fri 06 March 2015 07:12
Thomas Cook has confirmed that Fosun, the Chinese conglomerate that recently snapped up Club Med, has invested Â£92m in newly issued shares for a 5% stake in the UK travel group.
Friday preview: US non-farm payrolls in focus
Thu 05 March 2015 17:25
The all-important US non-farm payrolls report and unemployment rate figures are due on Friday, alongside Eurozone gross domestic product data and a reading on UK inflation expectations.
Hika Pharma promoted to FTSE 100 but Tullow Oil gets kicked out
Thu 05 March 2015 15:01
Hika Pharmaceuticals and Tullow Oil are switching places at start of the second quarter of this year as the FTSE Group reshuffles components across its leading London benchmarks.
Abbvie to purchase Pharmacyclics for $21bn
Thu 05 March 2015 14:56
Overnight, US pharmaceuticals outfit Abbvie launched a multi-billion dollar take-over of rival Pharmacyclics to expand its footprint in the fast growing market for blood cancer treatments.
Apple suppliers hit by reported iPad production delay
Thu 05 March 2015 14:48
Companies that supply components to Apple have reportedly been warned of a delay to production of its new larger-screen iPad tablet.
Friends Life lifts profits 38% and hikes divi ahead of proposed Aviva takeover
Thu 05 March 2015 12:22
Ahead of its proposed takeover by larger peer Aviva, insurance group Friends Life Group (FLG) smashed expectations with its 2014 results on Thursday as profits surged and cash generation exceeded guidance.
Halfords set to announce former Monsoon boss as CEO
Thu 05 March 2015 11:44
British auto and parts dealer Halfords could be set to appoint retail businessman John Browett as its new chief executive after he left fashion retailer Monsoon last month.
Virgin Money reports strong full-year profits ahead of FTSE 250 flotation
Thu 05 March 2015 11:08
Shares in Virgin Money rose 5% on Thursday after reporting a year of "record performance and profits".
M&A set heat up in mining sector as ex-Xstrata boss hunts deals
Thu 05 March 2015 10:47
M&A activity in the mining sector is set to heat up following reports on Thursday that former Xstrata boss Mick Davis is looking to take advantage of cheaper commodity prices to snap up some assets.
IAG chief's pay rises 29% after strong 2014
Thu 05 March 2015 10:17
International Consolidated Airlines Group (IAG) boss Willie Walsh has received a 29% increase in total remuneration for 2014.
Spirax-Sarco makes splash with special dividend and underlying strength
Thu 05 March 2015 09:45
Investors and analysts overlooked stiff currency headwinds buffeting steam systems specialist Spirax-Sarco Engineering last year and instead focused on the strong underlying progress and a whopping 120p special dividend.
Admiral Group full-year profits fall for first time since IPO in 2004
Thu 05 March 2015 09:08
Insurance company Admiral posted the first decline in profits since going public 11 years ago due to investments in the US during a year of consolidation.
Cobham full-year profits fall 80% but revenue growth for 2015 remains strong
Thu 05 March 2015 08:32
Aerospace and defence manufacturer Cobham saw its full-year profits fall sharply but said it remains on track to deliver "mid-single digit organic revenue growth" from 2015.
Hunting's annual revenue rises despite slump in oil prices
Thu 05 March 2015 08:26
Hunting reported a 7% increase in annual revenue to $1.38bn as the energy services group proved resilient against a slump in oil prices.
Inmarsat takes small step in revenue after making giant leaps for satellite future
Thu 05 March 2015 08:15
Final results from Inmarsat showed solid growth after a momentous 18 months for the company as it delivered two thirds of its huge GlobalXpress ultra-fast broadband service.
Easyjet passenger numbers rise in February
Thu 05 March 2015 08:11
Easyjet's passenger numbers rose 6.1% in February to 4.49 million compared to a year ago, the airline reported on Thursday.
Betfair races higher as revenues leap 20% on gaming and sports growth
Thu 05 March 2015 08:00
Shares in Betfair leapt higher on Thursday as the online gaming group reported double-digital growth during the last quarter.
CSR swings into profit despite falling sales
Thu 05 March 2015 07:47
British semiconductor CSR swung into profit in 2014 despite a fall in core sales due to lower consumer demand.
LSE records sharp rise in full-year revenues
Thu 05 March 2015 07:42
The London Stock Exchange saw revenues rise by 32% to Â£1.28bn in the last financial year, with organic revenues higher by 12% on an organic and constant currency basis.
Aviva reports 6% rise in 2014 profits despite currency headwinds
Thu 05 March 2015 07:40
Insurer Aviva reported a 6% rise in 2014 operating profit in the face of negative currency headwinds.
Schroders pleases the market with bumper full year earnings
Thu 05 March 2015 07:23
Shares in British fund manager Schroders rose by 2.4% to 3102p early Thursday after the group bumped up its assets under management (AUM) by 14% in 2014, driven by net inflows of Â£24.3bn.
Aggreko profits fall and expected to remain flat in 2015
Thu 05 March 2015 07:07
After a year of senior management change and difficult conditions in some markets, Aggreko saw pre-tax profits decline 13% to Â£289m in the face of currency headwinds and said they looked likely to remain flat in the year ahead.
IAG shares gain as passenger traffic grows 5.5% in February
Wed 04 March 2015 15:55
Annual traffic growth held steady in February at International Airlines Group (IAG), pushing shares higher on Wednesday, though the increase in premium traffic eased.
Exxon Mobil to lower capital expenditures
Wed 04 March 2015 15:10
Exxon Mobil expects to increase its daily production to the equivalent of 4.3m barrels a day by 2017 as it starts up 16 major oil and natural gas projects, the company said on Wednesday.
BBA Aviation gives positive outlook after mixed 2014, pauses share buyback
Wed 04 March 2015 14:54
BBA Aviation broadly met expectations with its annual results on Wednesday with strong growth in its flight support division offsetting weakness in aftermarket services, as the company predicted further growth in 2015.
Thursday preview: ECB to provide further details on QE programme
Wed 04 March 2015 14:03
The European Central Bank (ECB) will on Thursday provide further details of its â‚¬1.1trn quantitative easing (QE) programme.
Amazon and Poundland hit by Advertising Standards Authority warnings
Wed 04 March 2015 10:52
The UK Advertising Standards Authority (ASA) has fired off a warning to Amazon about its "misleading" Amazon Prime promotion and given a ticking off to Poundland for letting its customers think that every item it sells costs Â£1.
ScottishPower slapped with sales ban and forced to give 'free electricity'
Wed 04 March 2015 10:31
Regulator Ofgem has issued Iberdrola-owned ScottishPower with a temporary sales ban after the electricity company failed to properly deal with customer complaints.
Tesco board member steps down
Wed 04 March 2015 10:29
Tesco's Gareth Bullock will retire from the main board of the embattled grocer effective 5 March.
Melrose Industries raises dividend as it reports rise annual in pre-tax profits
Wed 04 March 2015 09:41
Melrose Industries raised its dividend despite currency headwinds eating away at full-year pre-tax profit.
Afren defaults on bond interest payment as restructuring talks continue, Fitch downgrades
Wed 04 March 2015 09:24
Embattled oil explorer Afren has decided to default on its bond interest payments in order to preserve cash, sending its shares plunging and its credit rating downgraded on Wednesday.
Dignity resurrected after second-half funerals show signs of life
Wed 04 March 2015 09:13
A second half recovery in volumes helped Dignity lay 2014 to rest in style, with results from the funeral services group topping analysts forecasts despite the pall cast by a 3.5% annual decline in funeral numbers.
CLS Holdings net assets surge on London revaluation uplift
Wed 04 March 2015 08:49
CLS Holdings impressed with its first annual results since being promoted to the FTSE 250 in December, with the European property investor showing 40% growth in net assets, strong cashflow and an new share buyback.
StanChart takes hit from loan provisions, challenging markets
Wed 04 March 2015 08:19
Emerging markets-focused lender Standard Chartered was rocked by rising loan impairments at its Corporate and Institutional and Commercial Clients unit and asset disposals last year.
Legal & General's full-year earnings grow on annuity sales
Wed 04 March 2015 08:16
Legal & General reported an 8% increase in annual pre-tax profit to Â£1.2bn as pension deals lifted annuity sales.
Greggs pledges to return cash to shareholders after boosting profits
Wed 04 March 2015 08:10
British baker Greggs on Wednesday grew its pre-tax profit last year by 50%, allowing it to return up to Â£10m to shareholders in the first half of 2015 by resuming its share buyback programme.
Carillion reports flat sales and profit decline following forex headwinds
Wed 04 March 2015 07:59
Carillon has reported flat sales and a 1% drop in underlying pretax profit for 2014 in light of volatile trading and foreign exchange headwinds.
Fresnillo shares tank as 2014 profits plunge 40%
Wed 04 March 2015 07:31
Mexican precious metals producer Fresnillo said it delivered a "reasonable performance" in 2014 in the face of lower silver and gold prices as profits plunged, sending the shares firmly into the red on Wednesday.
Great Portland Estates strikes pre-let deal with New Look Retailers worth Â£3.65m a year
Wed 04 March 2015 07:16
Great Portland Estates (GPE) has pre-let a new retail store to clothing brand New Look Retailers. Completion of the development is expected in April 2017 when New Look will take on a 20-year lease at the price of Â£3,650,000 per year.
ITV broadcasts confidence with bumper payout and special dividend
Wed 04 March 2015 07:04
As its strongest advertising performance in five years helped ITV beat full-year forecasts, the broadcaster and producer is so confident of growth from all parts of the business this year it has lifted the annual dividend 34% and proposed an extra 6.25p s
Former Morrison's tax chief sentenced to prison for insider trading
Tue 03 March 2015 17:45
Former group treasurer and head of tax and WM Morrison, Paul Coyle, has been sentenced to one year in prison for insider trading.
Punch Taverns appoints new CEO after restructuring
Tue 03 March 2015 16:59
Pub and bar owner Punch Taverns has appointed Duncan Garrood as the group's chief executive after the completion of restructuring of the company.
Pace steps higher with 28% dividend hike, more acquisitions expected
Tue 03 March 2015 14:56
Pay-TV specialist Pace set off into 2015 at top speed as it raised its dividend by over a quarter thanks to a strong performance last year and strong momentum going into the new year.
Smith&Nephew continues spree of purchases in emerging markets
Tue 03 March 2015 14:31
Medical device-marker Smith&Nephew continues to snap-up assets in emerging markets.
Wednesday preview: Standard Chartered reports full-year results amid CEO departure
Tue 03 March 2015 14:10
Standard Chartered is expected to report a decline in full-year earnings, reflecting an increase in impairments.
Russian oligarch snaps up London properties after closing North Sea deal
Tue 03 March 2015 12:14
It has been a busy week for Russian billionaire Mikhail Fridman, who this week threatened to sue the UK government in a row his attempted purchase of several North Sea gasfields, and has now also acquired Â£0.5bn of property assets in London.
Regus looks to expand business further in 2015
Tue 03 March 2015 12:11
Office and work space provider Regus pledged an investment of Â£120m to expand the size of its business in 2015 after reporting a 7% increase in annual pre-tax profits last year.
Vesuvius' profits erupt despite cooling revenue
Tue 03 March 2015 11:52
Vesuvius' pre-tax profit rose in 2014 in spite of lower revenue, as a result of improved profit margins and lower costs.
Laird lauds good momentum as reinvestment drives earnings growth
Tue 03 March 2015 11:17
Laird, which supplies components such as antennae for Apple's iPhones and other devices, has begun 2015 with good momentum after dialling in a solid set of annual results.
Jardine Lloyd Thompson reports 6.3% dividend boost for 2014
Tue 03 March 2015 10:36
Jardine Lloyd Thompson has revealed it will boost its total 2014 dividend payment 6.3% after recording increased pre-tax profit for the same year.
Tullett Prebon reports drop in full-year profit amid tough trading conditions
Tue 03 March 2015 10:16
Interdealer money broker Tullett Prebon reported a drop in full-year pre-tax profit, reflecting difficult trading conditions in the sector and tougher regulation.
Paddy Power shares rally on bumper 2014 results
Tue 03 March 2015 09:29
Paddy Power shares jumped 10% higher to â‚¬73 on Tuesday morning in London after the bookmaker reported bumper earnings for 2014 and pledged to return cash to shareholders.
Moneysupermarket.com tumbles on regulatory concerns despite strong results
Tue 03 March 2015 09:18
Moneysupermarket.com's revenue rose 10% to Â£248.1m in 2014 after increasing its advertising expenditure and investing in technology but shares sank on worries that the government will make price comparison sites compensate customers who fail to get bette
Rotork record results outweigh oil worries
Tue 03 March 2015 08:34
Rotork comfortably beat expectations with its results for 2014 as the valve maker's ever broadening end-market exposure and stronger margins flowed through to record orders, revenues and profits.
Stagecoach reports like-for-like revenue growth across all units
Tue 03 March 2015 08:16
Transport giant Stagecoach is on course to meet expectations for the year with growth across all its divisions, according to a trading update on Tuesday.
Direct Line reports 12% rise in pre-tax profits but strikes a cautious outlook
Tue 03 March 2015 08:03
Insurance group Direct Line reported a 12% increase in full-year pre-tax profit from continuing operations but struck a cautious tone on the outlook for UK motor and home insurance markets.
Travis Perkins posts double-digit profit growth, but gives cautious outlook
Tue 03 March 2015 07:55
Builders merchant and home improvement group Travis Perkins hiked its dividend by over a fifth after posting a double-digit increase in profits for 2014.
Ashtead hikes full year targets as record growth rolls on in third quarter
Tue 03 March 2015 07:48
After a strong third quarter of growth in both the UK and US produced a record profit, Ashtead said it expected full year results to be ahead of its previous expectations.
British American Tobacco offers $3.5bn for remaining Souza Cruz shares
Tue 03 March 2015 07:34
British American Tobacco (BAT) has submitted a request to purchase the 24.7% of Souza Cruz shares that it does not already own, according to an investor note released on Tuesday.
Taylor Wimpey lifts dividend 180%
Tue 03 March 2015 07:13
Housebuilder Taylor Wimpey has doubled its dividend payment after unveiling 54% profits growth in 2014 and enjoying better than expected trading in the new year.
AstraZeneca completes acquisition of rights to Activis
Tue 03 March 2015 07:10
AstraZeneca has completed its acquisition of the rights to Activis' branded respiratory business in the US and Canada.
Barclays raises provisions to cover legal costs for scandals
Tue 03 March 2015 07:10
Barclays has set aside a total of Â£1.25bn for provisions to cover litigation costs related to ongoing probes into mis-selling PPI and rigging foreign exchange rates.
Glencore slashes 2015 capex budget as annual profits slip 2%
Tue 03 March 2015 06:52
Commodities trader and mining group Glencore managed to meet City expectations with a small decline in operating profits in 2014 as strong earnings growth in its marketing division was outweighed by falling prices dragging on its industrial business.
Wood Mackenzie seeks Â£2bn London listing
Mon 02 March 2015 17:32
Energy research company Wood Mackenzie is preparing for an initial public offering on the stock market which could value the company at up to Â£2bn.
Tuesday preview: Barclays reports full-year results
Mon 02 March 2015 15:54
Barclays will hog the spotlight on Tuesday as it reports its full-year results.
Credit Suisse raises litigation provisions by $290m
Mon 02 March 2015 15:49
Swiss banking giant Credit Suisse on Monday increased its mortgage-related litigation provisions by $290m just days after the US Justice Department fined Morgan Stanley over the sale of mortgage-backed securities in the run-up to the crisis.
Balfour Beatty to build 1,500 new homes in east London
Mon 02 March 2015 14:54
UK listed construction firm Balfour Beatty signed an agreement Monday to build up to 1,500 homes at the Queen Elizabeth Olympic Park in East London.
Electra Private Equity reports positive first quarter
Mon 02 March 2015 14:48
Electra Private Equity said on Monday its share price has risen 14% since September 2014, driven by net positive movements of Â£38m.
Cable & Wireless extends longstop date for Columbus acquisition
Mon 02 March 2015 14:35
Cable & Wireless Communications (CWC) said on Monday it has agreed to extend the longstop date of the acquisition of Columbus International.
Senior's interim results hurt by weak sales in Brazil and Europe
Mon 02 March 2015 13:45
Shares in defence, aerospace and energy manufacturing firm Senior fell on Monday due to challenges in its aerospace programmes and weak demand in Brazil and Europe.
Ultra Electronics' profits hit by terminated Oman contract
Mon 02 March 2015 12:03
Ultra Electronics' pre-tax profits plummeted in 2014 due to the early termination of a contract in Oman.
HellermannTyton enjoys strong interim results driven by automotive growth
Mon 02 March 2015 12:01
HellermannTyton said its revenues for the full-year increased thanks to a healthy automotive market.
Amlin blames low interest rates for falling profitability in 2014
Mon 02 March 2015 10:49
Amlin, the British insurer and reinsurer reported a drop in full-year pre-tax profit by 21% as the low interest rates environment together with a drop in investment return dented profitability.
Hiscox reports declining profits for 2014, cites low-interest rate environment
Mon 02 March 2015 09:38
Insurance firm Hiscox has reported pre-tax profit decline of 5.5% for the year ending 31 December 2014 amid strong competition from rival firms and a low-interest rate environment.
Keller Group reports declining pre-tax profits following contract dispute
Mon 02 March 2015 09:34
Keller Group has reported a decline in pretax profit for 2014 after experiencing a contract dispute. At the same time, adjusted pretax profit and revenue each recorded a rise despite the strengthening pound.
William Hill facing a "perfect storm" in 2015, says Canaccord Genuity
Mon 02 March 2015 09:22
In spite of a decent set of results from William Hill last week, Canaccord Genuity has kept a 'hold' stance on the high street bookie, saying that the company is facing tough 2015.
GAME Digital acquires British festival organiser Multiplay
Mon 02 March 2015 08:58
British high street retailer, Game Digital, has acquired festival organiser Multiplay for Â£20m in a strategic bid to move into live events.
Grafton Group completes acquisition of TG Lynes
Mon 02 March 2015 08:20
Grafton Group has completed the acquisition of TG Lynes, a distributor of mechanical engineering products.
Alent ups capex budget to accelerate growth as 2014 profits rise
Mon 02 March 2015 08:17
Alent, the FTSE 250 specialty chemicals and engineering materials outfit, expects to continue outperforming the market this year after delivering improved results for 2014 on a constant-currency basis.
GSK completes Novartis asset-swap deal, plans to return $4bn to shareholders
Mon 02 March 2015 07:52
Pharmaceutical giant Glaxosmithkline (GSK) has finally completed its multibillion-dollar three-part asset-swap deal with Swiss peer Novartis, clearing the way for a big cash return for shareholders.
Johnson Matthey completes $75m acquisition of Clarinet
Mon 02 March 2015 07:14
Sustainable technology company Johnson Matthey has completed its acquisition of battery materials business Clarinet, as of 28 February.
British Land acquires Surrey Quays Leisure Park for Â£135m
Mon 02 March 2015 07:12
British Land has acquired Surrey Quays Leisure Park in Canada Water for Â£135m, according to an investor note released on Monday.
FX and resources weakness hits Intertek but improvement expected in 2015
Mon 02 March 2015 07:05
Product testing and certification group Intertek said results were dampened by currency movements and headwinds in the natural resources sectors in 2014, though it was still able to lift its dividend.
ITV confirms takeover talks with John de Mol's Â£500m-plus Talpa Media
Fri 27 February 2015 16:03
Broadcaster and programme maker ITV has confirmed it is in takeover talks with Talpa Media, the maker of reality television and dramas including 'The Voice' and 'Utopia' that has been valued at over Â£500m.
Market Tech snaps up three more Camden Market properties
Fri 27 February 2015 15:54
Camden Market owner Market Tech has announced three property deals in the north London borough with large frontages along the Regents Canal.
Former Sainsbury boss joins chicken processing firm
Fri 27 February 2015 15:45
Former J Sainsbury boss Justin King has joined processing firm 2 Sisters as an adviser.
Redefine International plans major fundraising
Fri 27 February 2015 12:38
Shares in Redefine International were lower on Friday as the property investor said it was going to raise funds by issuing almost 10% more new shares.
RIT Cap Partners' portfolio net value reaches all-time high in 2014
Fri 27 February 2015 11:30
Investment trust RIT Capital Partners said its total return in 2014 was 13.3%, while the net value of its portfolio had reached an all-time high.
Spectris annual profit and sales hampered by challenging marketing conditions in China and Europe
Fri 27 February 2015 11:07
Challenging market conditions in Europe and China weighed on Spectris' annual pre-tax profit and sales, the instrumentation and controls company said on Friday.
Berendsen laundry sales shrink in heat of currency markets
Fri 27 February 2015 10:21
Full year results from laundry services group Berendsen were ill-received by the market after sales were hit by the strength of sterling, even though earnings still delivered growth.
IMI profits hit by weak European demand and currency headwinds
Fri 27 February 2015 10:02
Engineer IMI said a strategic review and challenging market conditions weighed on its full year pre-tax profit but said it was already starting to see benefits from its new strategic plan.
UBM annual profit rises, development strategy remains on track
Fri 27 February 2015 09:39
PR Newswire owner and events firm UBM said lower costs and exceptional gains offset a decline in revenue driving annual pre-tax profit higher.
Restaurant Group profit rises on new openings
Fri 27 February 2015 08:50
Restaurant and pub operator Restaurant Group saw annual profit rise, as new restaurant openings drove an increase in revenue.
Electrocomponents appoints new group chief executive
Fri 27 February 2015 08:32
Electrocomponents has appointed Lindsley Ruth its new chief executive (CEO). He will take on the role from 1 April 2015.
Rightmove annual profit jumps on higher revenue and increased website traffic
Fri 27 February 2015 08:21
Online property portal Rightmove Plc Higher revenue saw its annual pret-ax profit increase, as revenue was boosted by growth in website traffic and higher average revenue per advertiser.
William Hill falls as pre-tax profits falls on higher expenses
Fri 27 February 2015 08:14
William Hill has reported a 9% drop in annual pre-tax profit to Â£233.9m as the gaming company's expenses increased.
Old Mutual profit rises 16% on economic growth in US and UK
Fri 27 February 2015 07:59
Improving economic growth in Britain and the US saw insurance and investment group Old Mutual report a 16% increase in its operating profit for 2014, after a year of significant strategic development.
Pearson publishes flat sales but more stable markets in 2015, appoints new CFO
Fri 27 February 2015 07:56
Closing out a two-year restructuring programme, Pearson has delivered results broadly in line with expectations and expressed confidence about returning to earnings growth in 2015 as its markets stabilise.
IAG turnaround takes off as profits soar, guidance lifted
Fri 27 February 2015 07:55
Full year profits soared at International Consolidated Airlines in 2014 as its turnaround looks to be truly taking off, with the Anglo-Spanish carrier steering toward a near-doubling of operating profits this year.
Intu maintains dividend as underlying earnings miss forecasts
Fri 27 February 2015 07:52
UK shopping centre owner Intu Properties said property valuations improved last year but a fall in rents led to slightly lower underlying earnings per share (EPS), as it held its dividend payment steady.
Lloyds Banking Group resurrects dividend as profits surge but miss forecasts
Fri 27 February 2015 07:21
Lloyds Banking Group has resumed payment of its dividend after six years with a small payment of 0.75p as its balance sheet grew more solid, though full year profits fell short of market forecasts.
Rio Tinto streamlines group structure to cut costs, splits up energy division
Fri 27 February 2015 07:02
Diversified mining group Rio Tinto has announced plans to streamline its product groups and corporate functions, dividing up its energy division as it looks to cut costs and simplify its structure.
Facebook rolls out suicide prevention measures
Thu 26 February 2015 22:31
Facebook announced that it has added new resources to help people expressing suicidal or self-harming thoughts on the social network.
IBM warns of FX hit to earnings but pledges to pump $40bn into business
Thu 26 February 2015 16:45
US tech giant International Business Machines Corp, widely known as IBM, warned that the strength of the US dollar will reduce the company's revenue growth in the first quarter of 2015 by more than it had previously expected.
Friday preview: Lloyds hopes to recommence dividend as it reports full-year results
Thu 26 February 2015 15:51
Lloyds Banking Group is expected on Friday to announce its first dividend payment since its near-collapse in 2008 in its full-year results statement.
Retail fund sales sink sharply in January, says Investment Association
Thu 26 February 2015 15:28
Retail fund sales plummeted in January, according to the Investment Association, showing that investors were showing caution after sales reached a four-year high in 2014.
RBS's Swiss bank Coutts & Co under investigation for client tax evasion
Thu 26 February 2015 12:44
Following the admission of "unacceptable" tax evasion practices at HSBC on Wednesday, the Royal Bank of Scotland's Swiss private banking arm has also come under investigation by European authorities.
Bovis Homes appoints new finance director
Thu 26 February 2015 12:37
Bovis Homes Group has appointed Earl Sibley as its new finance director.
Capital & Counties total return jumps on strong London performances
Thu 26 February 2015 12:18
Property group Capital & Counties Properties said total return for 2014 rose 25% as a strong performance in the London property market drove an increase in its portfolio value.
Tesco loses two more directors as Garfield and Tammenoms step down
Thu 26 February 2015 11:34
Two more Tesco directors have decided to join chairman Sir Richard Broadbent in departing at the end of this week.
Emma Thompson and Greg Wise won't pay tax until HSBC execs "go to prison"
Thu 26 February 2015 11:11
Actor Greg Wise and Oscar winner Emma Thompson will stage an act of civil disobedience until HMRC cracks down on HSBC over the recent tax evasion scandal.
Auto Trader announces intention to float in March
Thu 26 February 2015 10:35
Auto Trader Group said on Thursday it intends to float in the London Stock Exchange.
Colt Group beats earnings by 6% but abandons capex plans
Thu 26 February 2015 10:34
Telecoms provider Colt Group delivered a solid set of results for 2014, beating earnings expectations by 6%.
Jupiter Fund Management boosts dividend on AUM growth
Thu 26 February 2015 10:27
London-listed wealth manager Jupiter Fund Management boosted its dividend on Thursday after its assets under management crept higher in 2014, lifting group pre-tax profits.
Kaz annual loss widens on low metal prices
Thu 26 February 2015 10:26
Kazakhstan copper miner Kaz Minerals cited lower metal prices and the sale of poorly performing assets as the reason for a wider annual net loss.
Derwent's full-year income benefits from higher rents on lettings
Thu 26 February 2015 10:22
Derwent said its full-year net rental income increased 5.8% to £128.7m, as the real estate investment group achieved higher margins on lettings.
Synthomer splashes out with special dividend after second-half recovery
Thu 26 February 2015 09:28
Chemicals group Synthomer has put a difficult year to bed, delivering full-year results slightly ahead of expectations and a special dividend after after a series of second-half downgrades.
Premier Oil suspends dividend payment due to oil price fall
Thu 26 February 2015 09:19
Oil producer Premier Oil suspended its dividend for the full year after swinging from a profit to a loss due to the fall in oil prices.
Merlin Entertainments rides Lego wave but valuation too "awesome" for market
Thu 26 February 2015 09:08
Legoland and Alton Towers theme park operator Merlin Entertainments reported strong annual growth in revenue and profit in 2014, as the number of visitors to its sites was boosted by the success of the Lego Movie.
Bodycote profits up but macro-economic uncertainties persisting
Thu 26 February 2015 08:49
Industrial materials engineer Bodycote saw its profits rise during its full year despite continuing macro-economic uncertainties.
RPS lifts dividend as annual profit rises
Thu 26 February 2015 08:44
Energy consultancy group RPS said higher revenue and fee income had driven annual pre-tax profit up in 2014.
Robert Walters boots 2014 operating profit by 80%
Thu 26 February 2015 08:41
The growing confidence in the corporate world helped London-listed staffer Robert Walters to increase full year operating profit by a whopping 80% to £18.2m.
National Express to drive expansion in North America, as annual profits grow
Thu 26 February 2015 08:24
Strong performance in its UK bus and coach operations drove annual profits at public transport group National Express up 7%.
Standard Chartered chief to step down in June, ex-JPMorgan banker Winters appointed
Thu 26 February 2015 08:23
Standard Chartered has appointed former JPMorgan investment banking boss Bill Winters as its new chief executive as it confirmed current boss Peter Sands will step down in June.
Howden Joinery hikes dividend and unveils buyback after excellent year
Thu 26 February 2015 08:18
After an excellent year in 2014, kitchens and joinery depot chain Howden Joinery has looked to share results of its strengthening cash flow via a larger dividend and £70m share buyback.
Ladbrokes to maintain annual dividend despite profit slump
Thu 26 February 2015 07:59
Bookmaker Ladbrokes said it will not cut its 2015 dividend, despite posting a 14% drop in annual profit.
Interserve performs well in 2014 despite competition in the international market
Thu 26 February 2015 07:58
Support services and construction group Interserve said its full-year saw strong growth despite challenging conditions in some of its markets.
Playtech achieves record full-year revenue and earnings
Thu 26 February 2015 07:55
Gaming giant Playtech has achieved record annual revenue and earnings on the back of acquisitions and partnerships.
Domino's Pizza boosts FY14 earnings despite weaker German performance
Thu 26 February 2015 07:53
Britain's most popular online pizza store, Domino's Pizza Group, reported an annual increase in earnings in 2014 and registered strong UK like-for-like sales growth but noted challenges in the German market.
Countrywide hikes divi after record 2014, warns of housing market sluggishness
Thu 26 February 2015 07:53
Countrywide, the biggest estate agency in the UK, reported a record performance in 2014 with profit soaring 63%, as it trebled its dividend and extended its share buyback.
BAT's annual profits hit by litigation charge and foreign exchange movements
Thu 26 February 2015 07:35
British American Tobacco (BAT) reported a drop in annual profit from operations as the cigarette maker was it by a non-tobacco litigation charge and foreign exchange movements.
RBS continues retreat from US markets
Thu 26 February 2015 07:34
Majority state-owned lender Royal Bank of Scotland continued its retreat from the US with the sale of a portfolio of North American loans to Japanese rival Mizuho bank.
CRH confident for 2015 after full year earnings top targets
Thu 26 February 2015 07:24
As it delivered full year earnings above recent guidance, building materials group CRH was confident of making continued growth in 2015 as construction conditions improve, commodity prices wallow and it completes the Lafarge-Holcim acquisition.
RSA Insurance Group returns to profit, recommences dividend
Thu 26 February 2015 07:14
RSA Insurance Group returned to annual profit and recommenced its dividend as it announced its chief financial officer is stepping down.
RBS reports £3.5bn loss, Davies new chairman, McEwan forgoes £1m bonus
Thu 26 February 2015 07:05
The Royal Bank of Scotland has more than halved its full year losses to reach £3.47bn as it continued to slim down its risk profile and confirmed the appointment of Sir Howard Davies as its new chairman in a shake-up of its top ranks.
Capita reports strong earnings growth in FY14
Thu 26 February 2015 06:50
Outsourcing and business services giant Capita reported strong headline full year earnings for 2014, growing its underlying pre-tax profit by 13% to £535.7m and boosting the dividend by 10% to 29.2p.
Reed Elsevier announces plans to combine UK and Dutch units as annual profits rise
Thu 26 February 2015 06:44
Reed Elsevier, the Anglo-Dutch "professional information company", has announced plans to simplify its corporate structure and rename itself RELX Group as it forecast another year of growth in 2015.
Hewlett-Packard shares drop on weak Q1 earnings
Wed 25 February 2015 17:20
US tech titan Hewlett-Packard shares plunged on Wednesday as the market reacted to the company's 4.7% first-quarter drop in revenue, driven by declines in its enterprise software business and flat PC sales.
Lego's profits soar in 2014 following strong global performance
Wed 25 February 2015 16:37
Lego has hailed 2014's performance as "highly satisfactory" following a 15% increase in both sales and profits.
GSK will complete Novartis three-way deal by end of next week
Wed 25 February 2015 16:33
UK drugs giant GlaxoSmithKline says it has made "good progress" on regulatory and legal issues towards completion of its deal with Swiss rival Novartis.
Thursday preview: RBS publishes full-year results
Wed 25 February 2015 16:27
Royal Bank of Scotland releases its annual results on Thursday amid a foreign exchange market rigging scandal.
Cigarette makers pay $100m to settle over 400 lawsuits
Wed 25 February 2015 16:09
Three US 'Big Tobacco' companies have agreed to pay £100m to settle with smokers or families of smokers who have fallen ill or died due to alleged tobacco-related medical conditions.
McDonald's accused of evading £730m in taxes by 'Unhappy Meal' report
Wed 25 February 2015 14:59
Fast food restaurant chain McDonald's has been accused of deliberately avoiding paying €1bn (£730m) in taxes.
HSBC boss set to face grilling by UK MPs over tax scandal
Wed 25 February 2015 12:59
The head honcho of HSBC is set be grilled by Ministers of Parliament on Wednesday over the bank's controversial Swiss operations and his own personal financial affairs, according to press reports.
IAG's Aer Lingus bid needs "firm commitments" says Irish government
Wed 25 February 2015 11:36
International Consolidated Airlines was reeling somewhat on Wednesday after the Irish government's after-hours rejection of its current offer, despite recent backing for the bid by the Dublin-based carrier's management.
Nektan clinches Channel 4 'Come Dine With Me' app deal
Wed 25 February 2015 11:22
Mobile gaming platform provider Nektan has reached an agreement with Channel 4 for a bingo game that will be branded after the television programme Come Dine With Me.
Gulf Keystone soars over 65% on sale speculation
Wed 25 February 2015 10:47
Oil producer Gulf Keystone Petroleum shares soared over 65% after saying it had opened negotiations with a number of parties over a possible sale of assets.
Sky shares rally on Citigroup's promotion to its top 'buy' list
Wed 25 February 2015 10:04
Shares in Sky poured on respectable gains in Wednesday's session after Citigroup retained a buy recommendation on the stock and promoted it to the bank's 'Focus List Europe'.
Carillion's UAE joint venture preferred bidder for £380m Dubai contracts
Wed 25 February 2015 09:25
Integrated support services Carillion said its United Arab Emirates joint venture business Al Futtaim was close to securing two deals worth a combined £380m.
Segro grows value of portfolio by dumping non-core assets
Wed 25 February 2015 08:57
Industrial property giant, Segro, grew the value of its portfolio by 12.9% to £4.8b in 2014 as it stayed on track of its three-year repositioning programme which saw the disposal of assets worth £1.6b.
Ultra Electronics to incur write-offs after Oman contract cancelled
Wed 25 February 2015 08:56
Ultra Electronics is up in arms after its joint-venture with the Oman Investment Corporation received a notice of termination on its contract to develop information technology services for the Oman Airport, and is aiming to try and recover costs.
Int'l Personal Finance's annual pre-tax profit rise on growth in Poland and Lithuania
Wed 25 February 2015 08:56
Home credit business provider International Personal Finance posted a 4.6% increase in full year pre-tax profit, driven by strong growth in Poland and Lithuania.
Henderson group posts "successful" interim results thanks to strong investments
Wed 25 February 2015 08:50
Investment management company Henderson Group reported a jump in profits for its full-year.
AO World issues "slight" profit warning as UK market proves difficult
Wed 25 February 2015 08:40
Online white goods retailer AO World has warned that a tougher UK market since Christmas will mean revenues and earnings will be "slightly below" market forecasts as the fanfare around its public listing died down.
Brit annual profit rises almost 40%
Wed 25 February 2015 08:36
Solid underwriting and investment performances saw insurer and takeover target Brit post a 39.7% increase in annual profit.
Man Group impresses with stellar profits growth
Wed 25 February 2015 08:17
Hedge fund giant Man Group impressed with full year results driven by acquisitions, with surging sales and performance fees from its AHL quant funds.
Hays boosts dividend on strong corporate confidence
Wed 25 February 2015 08:15
Hays, the British staffing specialist, raised its dividend after it posted a 10% rise in underlying net fees on strong corporate confidence in all of its major markets.
Kier Group H1 profits and revenues rise thanks to strong housing demand
Wed 25 February 2015 08:13
Property construction firm Kier Group saw its revenues rise 10.5% during the first half of the year driven by good performance in its property and construction divisions.
Supergroup boardroom upheaval continues as CFO replaced
Wed 25 February 2015 08:00
In four months under the whip of new chief executive Euan Sutherland, Supergroup has parted company with half the executives on the board after chief financial officer Shaun Wills was issued marching orders on Wednesday.
St James's Place beats profit forecasts and hikes final divi by 50%
Wed 25 February 2015 07:53
Wealth management group St James's Place (SJP) impressed City analysts on Wednesday with a strong set of annual results, as strong cash generation led it to hike its final dividend by 50%.
Weir Group hit by oil price decline woes
Wed 25 February 2015 07:28
Shares in British engineering giant Weir Group plummeted to the bottom of the FTSE100 index, falling as much as 10.6% to 1666p, after warning that the sharp decline in the price of oil will have a "significant reduction" in constant currency group revenue
Morrisons names former Tesco Asia head David Potts as new CEO
Wed 25 February 2015 07:10
Big Four supermarket chain Wm Morrison has named the former head of Tesco's Asian business as its new chief executive officer (CEO).
Barratt Developments delivers interims outperformance in spades
Wed 25 February 2015 07:08
Making the most of the strong housing market, housebuilder Barratt Developments has delivered first-half profits up over 70%, well ahead of expectations, as the its disciplined approach to growth paid off in spades.
British Land secures £485m new bank deal
Wed 25 February 2015 07:05
British Land has signed a £485m unsecured revolving credit facility (RCF), replacing on better terms a facility that would have matured in May 2016.
Petrofac profits beat forecasts, sees recovery in oil prices
Wed 25 February 2015 07:04
Oil field services outfit Petrofac delivered 2014 full-year profits at the bottom end of previous guidance, although it lowered its profit forecasts for 2015 exclusively as a result of the lower oil price.
Meggitt wins new contract for NET Power plant
Wed 25 February 2015 07:04
Meggitt subsidiary Heatric has won a multi-million dollar contract to deliver four printed circuit heat exchangers (PCHEs) by April 2016 ready to commission a demonstration plant in Texas. The NET Power plant is set for delivery in partnership with CB&I,
TSB's profits double on exceptional gain, interest margins steady
Wed 25 February 2015 07:02
TSB registered a small gain in profits before tax in 2014, on a slight gain in net interest margins.
Costa owner Whitbread expects annual results at top end of forecasts
Wed 25 February 2015 06:45
Hospitality group Whitbread said it expects full-year results to come in at the top end of expectations after a strong fourth quarter from its Premier Inn and Costa brands.
Wednesday preview: Eyes on Whitbread, Weir Group earnings and China manufacturing data
Tue 24 February 2015 18:32
Leisure and hospitality giant Whitbread is expected report its fourth quarter trading update on Wednesday. The update is likely to be welcomed by markets due to an improving UK consumer environment and strength in the hotel market.
RBS to withdraw investment bank from Asia
Tue 24 February 2015 12:57
Royal Bank of Scotland is planning to accelerate the withdrawal of the bank's investment division from Asia.
Yorkshire Building Society urges for easier system to switch current accounts
Tue 24 February 2015 12:01
Yorkshire Building Society said that authorities need to do more to push for greater competition in the financial services sector for the benefit of consumers.
Aviva Investors fined £17.6m by FCA
Tue 24 February 2015 11:28
Aviva Investors has been fined £17.6m by the Financial Conduct Authority (FCA) for systems and controls failings that meant it failed to manage conflicts of interest fairly.
Payday lender Wonga to slash 325 jobs
Tue 24 February 2015 10:46
Payday loan provider Wonga has unveiled plans to cut 325 jobs as part of its restructuring plans.
Elementis profits growth disappoints but extra cash funds special dividend
Tue 24 February 2015 10:05
Speciality chemicals group Elementis overcame a tough final quarter to deliver solid progress in pre-tax profit and sales for 2014 on the back of a strong performance in its North American business.
Ashmore Group second half earnings hit by emerging market concerns
Tue 24 February 2015 10:05
Diminishing investor sentiment toward emerging markets resulted in a 15% drop in assets for specialist money manager Ashmore Group in the second half of 2014.
Balfour Beatty to stagger planned pension deficit payments
Tue 24 February 2015 09:40
Infrastructure giant Balfour Beatty has agreed to delay a planned £85m pension deficit payment by spreading payments over eight years.
Provident Financial reports 'good start' to financial year
Tue 24 February 2015 09:26
Provident Financial reported slightly better-than-expected full-year results, with management adding the firm had made a "good start" to the financial year.
Croda lifts final dividend despite being hit by currency headwinds
Tue 24 February 2015 09:10
Strong currency headwinds hit specialty chemicals maker Croda International, which saw its annual pre-tax profit fall 6.4% to £235.4m.
Just Retirement jumps as profits fall much less than feared
Tue 24 February 2015 09:00
Shares in Just Retirement Group jumped to a six-month high on Tuesday thanks to better-than-expected bulk sales following the government's Budget pension reforms.
Genus on track to beat expectations
Tue 24 February 2015 08:30
Animal genetics group Genus said it was on track to beat its expectations for 2015 on the back of a strong first half performance, though it cautioned the second may see a slowdown from this fast start.
Meggitt profits crash 11% but return to growth expected in 2015
Tue 24 February 2015 08:11
Revenues fell 5% and profits 11% at Meggitt last year but the FTSE 100 aerospace parts supplier expects to return to growth in 2015 as its military market becomes more benign.
Drax earnings hit by biomass spending as 2015 looks "challenging"
Tue 24 February 2015 08:11
Despite a significant improvement in revenues and profits during 2014, Drax said its outlook for 2015 was challenging due to the erosion of 'dark green spread' gross margin.
Aer Lingus repeats "strong belief" in IAG merger as profits take off
Tue 24 February 2015 08:01
Increased travel on its long-distance routes saw Aer Lingus' full year operating profits rise 18% year-on-year to €72m (£52.76m).
Lonmin chief operating officer leaves after just six months
Tue 24 February 2015 07:56
The chief operating officer of Lonmin has resigned just six months after taking the job, with analysts concerned about the loss of senior staff at the platinum miner over the last year.
GKN predicts further growth as auto boosts 2014 underlying profits
Tue 24 February 2015 07:56
Engineering group GKN has forecast "another year of growth" after underlying profits improved in 2014, helped by a strong performance in its Driveline division.
NMC Health reveals profit boost for 2014, acquires Spanish clinic
Tue 24 February 2015 07:55
NMC Health has made a deal to purchase an 86.4% stake in the Spanish fertility clinic Clinica Eugin for €143m after revealing a profit boost for 2014.
Mondi earnings grow 13% as paper profits boosted by low oil price and exchange rates
Tue 24 February 2015 07:21
Despite a fall in revenues during a challenging economic period, South African paper maker Mondi has announced underlying full-year underlying profits before tax up 10% to €767m as it continued to invest heavily in capital projects.
Persimmon accelerates cash return and sees "supportive backdrop" for housing
Tue 24 February 2015 07:09
After delivering an outstanding set of results, in line with expectations, housebuilder Persimmon announced it was further accelerating its return of cash to shareholders.
BHP Billiton beats first-half profit forecasts
Tue 24 February 2015 06:56
BHP Billiton has pledged to keep its progressive dividend policy unchanged despite the proposed demerger of its non-core operations, as it beat forecasts with a less-than-expected decline in profits in the first half.
General Electric's $17bn deal with Alstom under probe by EU
Mon 23 February 2015 18:00
The European Union (EU) has opened a probe into General Electric's planned acquisition of French group Alstom SA's energy arm.
Premier Oil closes Kenyan well, partner cites failure to find hydrocarbons
Mon 23 February 2015 17:44
Premier Oil revealed on Monday that it has officially left the Badada-1 exploration well in Kenya. The company drilled the well within budget, according to its statement, and plugged it in compliance with standard regulations.
RBS to appoint Sir Howard Davies as chairman
Mon 23 February 2015 16:08
Royal Bank of Scotland (RBS) is set to appoint Sir Howard Davies as its new chairman, according to reports.
Apple spending €1.7bn on data centres in Ireland, Denmark
Mon 23 February 2015 15:55
Apple is spending €1.7bn (£1.25bn) to construct its first two data centres in Europe, following in the footsteps of US tech groups Amazon.com and Salesforce.com
BAT to buy remaining stake of its Brazilian unit
Mon 23 February 2015 15:23
Tobacco industry giant British American Tobacco (BAT) is set to buy out the minority in its Brazilian arm for about $3bn (£1.94bn).
Tuesday preview: GKN, BHP Billiton report earnings
Mon 23 February 2015 15:11
GKN is expected on Tuesday to report an increase in annual earnings, driven by a strong performance in the civil aerospace and automotive divisions.
Dechra Pharmaceuticals reports increase in half-year earnings after expansion
Mon 23 February 2015 10:33
Dechra Pharmaceuticals reported an 11.7% increase to £23.1m in first half underlying operating profits at a constant exchange rate, boosted by European sales growth.
DCC completes disposal of Robert Roberts and Kelkin
Mon 23 February 2015 10:15
DCC has completed the sale of food and beverage divisions Robert Roberts and Kelkin to Irish group Valeo Foods, following clearance from the Competition and Consumer Protection Commission.
Hansteen increases stake in industrial property portfolio
Mon 23 February 2015 09:57
Hansteen has bought a further 24.2m units in the Ashtenne Industrial Fund (AIF) for £11m.
DS Smith acquires Duropack, performance in line with expectations
Mon 23 February 2015 08:59
Packaging group DS Smith said on Monday it intends to buy Duropack, a recycled corrugated board packaging business for €300m.
Unite enjoys "highest ever" student intake in 2014
Mon 23 February 2015 08:22
The student accommodation developer Unite increased its revenues and profits during the full-year thanks to a high student intake for the academic year of 2014/15.
HSBC reports 17% drop in annual pre-tax profit
Mon 23 February 2015 08:17
HSBC has reported a 17% drop in pre-tax annual profit to $18.68bn, after the lender was hit by fines for its involvement in the foreign exchange rigging scandal.
Balfour Beatty JV wins Hong Kong residential project
Mon 23 February 2015 08:05
Balfour Beatty's joint venture Gammon Construction has scored a HK$3.2bn contract to build a major residential development in Hong Kong.
Bovis Homes hikes dividend by 159% after profit surge in 2014
Mon 23 February 2015 07:58
As previously guided, housebuilder Bovis Homes has hiked its full-year dividend by 159% after a surge in profits in 2014, helped by a record year for legal completions.
Antofagasta trims cost guidance for 2015 on lower peso and oil prices
Mon 23 February 2015 07:45
Chilean copper miner Antofagasta has guided to lower-than-expected cash costs in 2015.
Shire completes tender offer for NPS Pharma shares
Mon 23 February 2015 07:30
Shire has successfully completed a tender offer for all outstanding shares of NPS Pharmaceuticals.
Bunzl delivers small profit increase for 2014.
Mon 23 February 2015 07:26
Distribution group Bunzl published its full-year results for 2014 on Monday, revealing a small increase in pre-tax profit, as the company announced its latest two acquisitions, Quirumed in Spain and Jan-Mar Sales in Canada.
Primark owner AB Foods reiterates guidance after in-line first half
Mon 23 February 2015 07:02
Primark owner and food ingredients group Associated British Foods (ABF) reiterated its guidance for a small fall in full-year profits this year, saying that underlying trading in the first half has been in line with expectations.
Morgan Stanley picks Lloyds and Barclays as banks play "catch up"
Fri 20 February 2015 15:53
Morgan Stanley thinks European banks might now "start to play catch up" after an unusual period of underperformance in an improving macroeconomic environment.
IAG's offer for Aer Lingus 'not persuasive' enough, says Irish minister
Fri 20 February 2015 15:24
International Consolidated Airlines' (IAG) offer to buy a 25% stake in Aer Lingus was not persuasive enough, according to a senior Irish government minister.
Lufthansa scraps dividend for 2014 on IT division sale and pension liabilities increase
Fri 20 February 2015 15:19
German airline Lufthansa announced it won't pay out a dividend, after the sale of its IT division, an increase in pension liabilities and fuel hedging provisions weighed on its full-year earnings.
Citigroup's co-president to step down in June
Fri 20 February 2015 15:05
Manuel Medina-Mora, Citigroup's consumer operations and co-president, has announced he will step down in June.
US manufacturing activity growth unexpectedly accelerates in February
Fri 20 February 2015 14:50
US manufacturing activity growth unexpectedly accelerated in February, Markit data revealed on Friday.
BAE Systems secures £859m contract with British Government
Fri 20 February 2015 14:44
BAE Systems secured on Friday a £859m deal with the British Government for the production of Royal Navy frigates.
RBS under pressure to cut Coutts sale price
Fri 20 February 2015 11:18
Royal Bank of Scotland may have to endure a cut price sale or shelve its plans to dispose of Zurich-based Coutts International due to recent scandals around tax evasion at Swiss banks.
Man Group acquires Japan equities specialist NewSmith for 'under $50m'
Fri 20 February 2015 10:14
Man Group, the hedge fund company, has agreed to acquire the investment management business of NewSmith for an undisclosed sum, estimated to be less than $50m.
Bank of Georgia grows profits 15% but forecasts GDP to falter in 2015
Fri 20 February 2015 08:56
Thanks to a strong fourth-quarter for customer lending and its expansion into healthcare over the year, Bank of Georgia produced record annual revenues, profits and earnings in 2014.
Nostrum Oil & Gas confirms 550m barrels of P2 reserves
Fri 20 February 2015 08:23
The level of proved and probable oil reserves at licences owned by Nostrum Oil & Gas was confirmed at more than 550m barrels, after an independent audit.
Essentra's elevated earnings exceed expectations
Fri 20 February 2015 08:13
Accelerated sales momentum in the last three months of the year helped plastics group Essentra exceed expectations for 2014, with the bolt-on acquisition of Specialty Plastics in Australia also confirmed on Friday for an undisclosed cash sum.
Standard Life beats profits forecasts as Ignis purchase provides a boost
Fri 20 February 2015 07:23
Insurance giant Standard Life said the recent acquisition of Ignis helped it to increase assets under administration (AuA) by 38% in 2014, while profit growth and the final dividend came in ahead of City forecasts.
Starbucks to start serve alcohol at Stansted Airport
Thu 19 February 2015 17:26
Coffee giant Starbucks has unveiled plans to begin offering wine and beer to its customers in the evenings.
Burger King experiments with home delivery
Thu 19 February 2015 16:31
Burger King has begun a three-month trial period of home delivery from eight of its restaurants.
Spire Healthcare wins planning permission for new Manchester hospital
Thu 19 February 2015 16:25
Private hospital group Spire Healthcare has won planning permission to develop a £63m hospital in West Didsbury, South Manchester.
Friday preview: UK retail sales figures, Eurozone manufacturing PMI
Thu 19 February 2015 15:21
UK retail sales may have fallen in January, according to forecasts ahead of the Office for National Statistics' (ONS) report on Friday.
Wal-Mart falls as sales miss expectations, announces $9 hourly wage plans
Thu 19 February 2015 14:47
Wal-Mart Stores shares fell more than 3% on Thursday, after the company's fourth quarter sales rose but missed expectations.
Asda eyes tough year ahead after fourth-quarter disappointment
Thu 19 February 2015 14:44
Poor fourth-quarter results dragged down full year sales at Asda, the UK supermarket chain owned by Wal-Mart, despite an extra £100m invested in prices.
Barclays, Lloyds and RBS cutting bonuses by 15%
Thu 19 February 2015 14:18
Three British banks are planning to reduce their bonus pot for 2014 by 15% compared with previous years, according to reports.
Nestle profits soar but sales slip
Thu 19 February 2015 12:27
Food giant Nestle said its net profit for 2014 soared after it sold its stake in French cosmetic group L'Oreal.
Bestway Group interim profits rise 45%
Thu 19 February 2015 11:58
Cash and carry operator Bestway Group saw its full-year profits increase 44.7% thanks to growth in all its divisions.
Co-op unveils former Asda chief Leighton as new chairman
Thu 19 February 2015 11:57
Former Asda chief executive Allan Leighton has been appointed as the new chairman of The Co-operative Group.
City of London trust sees interim net return plunge
Thu 19 February 2015 09:43
Investment group City of London Investment Trust lifted its net asset value in the first half but suffered plunging net returns on ordinary activities before tax from £100.22m to £25.62m.
Petra Diamonds raises full-year guidance as market stabilises
Thu 19 February 2015 08:57
Diamond mining group Petra Diamond has raised production guidance from 3.2m to 3.3m carats for the 12 months to 30 June.
Go-Ahead H1 in line with expectations despite difficulties in bus division
Thu 19 February 2015 08:32
Public transport operator Go-Ahead said its first-year results were in line with expectations but the second half might see a slowdown in revenue growth due to lower passenger journeys in its Go North East and Oxford Bus company.
Kennedy Wilson completes acquisition of Park Inn hotel loan portfolio
Thu 19 February 2015 08:25
Kennedy Wilson Europe Real Estate has completed the acquisition of the Park Inn hotel loan portfolio for £61.5m.
Rexam agrees to £5.4bn takeover, predicts tough year ahead
Thu 19 February 2015 08:20
The board of drinks packaging group Rexam has agreed a £5.4bn takeover by US rival Ball Corporation, a much larger higher valuation than had been expected by the market.
Centrica slashes dividend policy 30% due to oil and gas prices
Thu 19 February 2015 08:00
With oil and gas prices plummeting, Centrica has taken dramatic action by slashing its 2014 dividend, future payout policy and capital expenditure plans, as well as warning that earnings for next year will be lower than expected.
BAE Systems sees marginal earnings growth after 2014 decline
Thu 19 February 2015 07:51
Sales and underlying profits at BAE Systems fell in 2014 though the defence contractor met guidance and said its larger order backlog of £40.5bn continues to provide good visibility for the future.
SABMiller CFO resigns with immediate effect
Thu 19 February 2015 07:31
SABMiller's chief financial officer Jamie Wilson has resigned with immediate effect from the company for personal reasons.
Sports Direct reiterates guidance despite Christmas slowdown
Thu 19 February 2015 07:16
High street sportswear retailer Sports Direct said it is confident of increasing profits this year despite a significant slowdown in sales growth in its third quarter.
Ball closes in on Rexam deal
Wed 18 February 2015 19:31
US packaging giant Ball is closing in on a deal to buy sector peer Rexam, in a move that would give see it become the world's largest can maker.
Apple orders 6m units of Apple Watch ahead of April launch
Wed 18 February 2015 17:41
During the first quarter, Apple has ordered six million units of its three Apple Watch models ahead of the official launch in April.
Fitch puts Brit on rating watch negative
Wed 18 February 2015 17:38
Fitch Ratings has placed Brit's long term issuer default rating of BBB+ on Rating Watch Negative.
Hargreaves Lansdown launches free withdrawals scheme for pensioners
Wed 18 February 2015 16:19
Hargreaves Lansdown, one of Britain's biggest financial firms, has launched a new "drawdown" service that offers free cash withdrawals to pensioners.
Sony to spin off video-audio unit in a bid to return to profit
Wed 18 February 2015 16:09
Japanese conglomerate Sony announced on Tuesday that it would be spinning off its video and sound business into a separate wholly-owned subsidiary as it attempts to return to profit.
Thursday preview: ECB publishes meeting minutes for the first time
Wed 18 February 2015 15:58
The European Central Bank (ECB) on Thursday publishes minutes of its monetary policy decision for the first time.
Rolls-Royce to enter 'lucrative' SUV market
Wed 18 February 2015 15:32
Luxury carmaker Rolls-Royce is set to enter the sport utility vehicle (SUV) markets, to keep pace with some of its many rivals.
FCA fires warning to firms about insider trading
Wed 18 February 2015 15:11
The Financial Conduct Authority (FCA) has warned most asset management firms are not doing enough to curb insider trading and suggested ways for firms to monitor and counter market abuse.
RBS and Lloyds to maintain cap on cash bonuses
Wed 18 February 2015 14:51
Cash bonuses at Royal Bank of Scotland and Lloyds Banking Group will remain restricted to £2,000.
BAE Systems wins Indian Hawk jet extension
Wed 18 February 2015 14:00
BAE Systems has won a five-year deal with an existing Indian state client to provide services for the Hawk trainer jet and begun negotiations on a further Hawk order.
Swiss prosecutors search HSBC premises in Geneva
Wed 18 February 2015 09:29
HSBC's Swiss arm was searched by prosecutors on Wednesday as part of a new money-laundering investigation, amid reports the bank helped clients dodge significant amounts of tax but hiding funds overseas.
Betfair acquires US horseracing TV network
Wed 18 February 2015 08:27
Betfair Group said on Wednesday its TVG division has acquired an US horseracing television network from the Stronach Group.
Balfour Beatty invests in wind farm transmission project offshore Wales
Wed 18 February 2015 08:03
Infrastructure group Balfour Beatty has completed the purchase of the £352m Gwynt y Môr offshore transmission project (OFTO) in Wales, which connects a 576MW wind farm to the onshore transmission grid.
Witan Investment Trust recruits new investment director from Cayenne
Wed 18 February 2015 07:37
Witan Investment Trust has recruited the latest member of its investment team.
RSA Insurance sells stake in Indian joint venture
Wed 18 February 2015 07:30
FTSE 100 insurer RSA has sold its minority holding in Royal Sundaram Alliance, its joint venture in India.
SSE acknowledges official statement released by CMA on energy investigation
Wed 18 February 2015 07:24
SSE has publicly acknowledged an updated Issues Statement published by the Competition and Markets Authority (CMA) bout the supply and acquisition of energy in Britain.
Coca-Cola HBG volumes fizz but earnings dented by forex
Wed 18 February 2015 07:11
Coca-Cola HBC, the Greece-based drinks bottler, enjoyed improved volumes and lower sugar and oil costs in the final few months of the year but earnings were hit by worsening currency movements.
Tesco steals Dixons Carphone chairman John Allan as Broadbent replacement
Tue 17 February 2015 17:30
Supermarket giant Tesco has appointed John Allan as its new chairman to replace Richard Broadbent who resigned following an accounting scandal last October.
Morrison halves prices on 'staples' in sales turnaround effort
Tue 17 February 2015 16:26
Morrison plans to cut the prices of over 130 staple products in a bid to win back customers and turn sales around.
Wednesday preview: BoE and Federal Reserve publish meeting minutes
Tue 17 February 2015 15:36
The Bank of England (BoE) releases on Wednesday the minutes of its Monetary Policy Committee meeting held on 5-6 February.
China plans to merge largest oil companies
Tue 17 February 2015 15:03
Beijing is looking into different merger combinations of its largest state oil companies in order to cut internecine inefficiencies and create "our own Exxon Mobil".
Amazon UK website down twice in 24 hours
Tue 17 February 2015 13:56
Amazon UK was down twice on Monday following an outage during the weekend, leaving users unable to access content on the Prime service.
Lifeline Scientific shares jump thanks to interim revenues ahead of expectations
Tue 17 February 2015 11:47
Lifeline Scientific said it expects to report full year revenues ahead of market expectations thanks to a strong performance in the US and increasing orders from China.
Tesco to pay £20,000 into community fund after abandoning store sites
Tue 17 February 2015 11:26
Tesco will pay £20,000 to support two Cambridgeshire communities affected by deserted stores, namely a "ghost site" that will never open and another that was cancelled in the early building stages.
Hargreaves Services warns on profits due to coal and coke turmoil
Tue 17 February 2015 09:41
Shares in Hargreaves Services fell on Tuesday after first-half results were hit by turmoil in its coal and coke markets, with management warning of a "significant reduction" in expectations for the full year.
Galliford Try sees record performance at half-year stage
Tue 17 February 2015 08:47
Homebuilder Galliford Try achieved strong revenue and profit growth in the first six months of the year, which allowed management to unveil a 47% boost to its interim dividend pay-out.
Wood Group hikes dividend 25% and says opex focus will deliver resilience
Tue 17 February 2015 07:56
Oil and gas engineer John Wood Group grew sales and profits by double-digit rates last year and said its focus on operational expenditure should allow it to remain resilient and deliver growth despite the lower oil price environment.
HICL Infrastructure unveils new French PPP investment
Tue 17 February 2015 07:13
HICL Infrastructure Company (HICL) has bought an 85% ownership interest in a Paris public-private partnership (PPP) project after reaching financial close on Monday.
AstraZeneca reports board re-shuffle, hires new director
Tue 17 February 2015 07:04
AstraZeneca has proposed that Cornelia Bargmann be elected as a non-executive director at the company's annual general meeting on 24 April 2015. Once elected, the company claimed that it would also like to appoint Bargmann to AstraZeneca's Science Committ
IHG beats forecasts for 2014 after strong US RevPAR performance
Tue 17 February 2015 07:03
Intercontinental Hotels Group (IHG) managed to narrowly beat analysts' forecasts with a smaller-than-expected decline in annual profits, as it predicted a "continued strong performance" in 2015.
NMC Health channels $825m into financing facility
Mon 16 February 2015 18:13
NMC Health has secured a $825m financing facility from a range of international and regional banks through its NMC Healthcare LLC subsidiary.
Tuesday preview: UK inflation report forecast to show slowdown
Mon 16 February 2015 15:06
UK inflation data on Tuesday is expected to show consumer price growth eased in January amid a slump in oil prices.
Genus buys 51% stake of In Vitro Brasil
Mon 16 February 2015 15:05
Genus said on Monday it will acquire a major stake in In Vitro Brasil (IVB), a bovine in-vitro fertilisation technology provider.Its bovine genetics business ABS will buy 51% of the share capital of IVB for £4.6m.
Infinis Energy delivers strong Q3 despite oil price affecting wholesale power prices
Mon 16 February 2015 14:04
Infinis Energy said on Monday that despite the drop in oil prices it delivered a solid operational performance during the third quarter of the year.
Acacia Mining boosts dividends 40% after increased earnings for 2014
Mon 16 February 2015 12:14
Acacia Mining recorded increased earnings for 2014 despite reporting flat earnings in 2013 after it brought in "stringent" capital controls allowing the company to boost its full-year dividend by 40%.
Fidessa takes a pounding from strong sterling
Mon 16 February 2015 10:33
Fidessa Group reported a 9% fall in full-year pre-tax profit to £39.1m, reflecting the strength of the pound against currencies in other markets.
US court invalidates Astrazeneca's asthma drug
Mon 16 February 2015 10:11
Astrazeneca's patent on its Pulmicort Respules treatment for asthma has been ruled by a US court as invalid.
Hunting warns of unclear and challenging short-term outlook
Mon 16 February 2015 09:57
The rapid and unexpected drop in oil prices has left all actors in the sector scratching their heads as to when and at what level prices will stabilise.
Land Securities buys interest in East London site
Mon 16 February 2015 09:12
Land Securities has agreed to buy the leasehold interest in an 1.9 acre site in East London for £16.5m.
Aer Lingus hires new CEO amid IAG takeover negotiations
Mon 16 February 2015 08:19
Aer Lingus has hired a new chief executive officer (CEO) amid news the company is negotiating a potential takeover by IAG.
Hammerson reports 11.3% rise in full-year net asset value amid rising rent demand
Mon 16 February 2015 07:41
Retail giant Hammerson recorded a 11.3% increase in full-year net asset value as rising demand gave rental growth a boost.
888 terminates takeover talks with potential bidder William Hill
Mon 16 February 2015 07:25
Online gambling group 888 Holdings was "unable" to agree on the terms of a possible takeover by William Hill and talks have been called off.
Balfour Beatty disposes of 80% Thanet share for £40m
Mon 16 February 2015 07:15
Balfour Beatty has disposed of an 80% interest in the Thanet offshore transmission project for £40m.
Aer Lingus board to recommend IAG take-over offer
Fri 13 February 2015 17:44
Following the close of trading on Friday Ireland's flag airline carrier recommended to its shareholders the take-over bid tabled last month by rival IAG.
Bwin.Party plunges as potential investors' interest folds
Fri 13 February 2015 16:49
Bwin.Party plummeted on Friday, after reports emerged that potential suitors are rumoured to have lost interest in acquiring the betting group.
Afren plummets after calling off talks with Seplat
Fri 13 February 2015 14:37
Oil explorer Afren has called off negotiations with Seplat Petroleum regarding a possible bid for the company.
Kraft Foods posts losses from benefit plans as 3 senior staff leave
Fri 13 February 2015 13:23
Kraft Foods revealed that its chief financial officer and two other senior executives were set to leave the company, prompting a quarterly loss from pension plan charges.
Jardine Lloyd to sell stake in Milestone to Ardian for £82m
Fri 13 February 2015 13:01
Insurance group Jardine Lloyd Thompson has reached a deal with French private equity house Ardian to sell its 26.2% stake in Milestone, the holding company of JLT's French associate, Siaci St Honoré.
British Gas takes over AlertMe for £44m
Fri 13 February 2015 12:41
British Gas will acquire AlertMe, an energy and home monitoring hardware company, for £44m, its parent Centrica announced on Friday.
Riverstone Energy's net asset value increases despite falling oil price
Fri 13 February 2015 12:11
Riverstone Energy saw its net asset value increase through 2014, claiming that the low world price of crude will allow the company to continue to invest on favourable terms.
Virgin Media unveils cable network expansion plan
Fri 13 February 2015 11:34
Virgin Media unveiled plans to challenge rival BT by extending its cable network to an extra 4m homes and businesses.
RPS buys Klotz Associates for $24.1m
Fri 13 February 2015 11:18
RPS has bought Klotz Associates, a US consultancy providing engineering, planning and environmental services, for $24.1m.
ArcelorMittal cuts debts but warns about profits
Fri 13 February 2015 09:50
Steel giant ArcelorMittal said its annual profits for 2015 will be lower than in 2014, adding it had successfully managed to cut its debts to the lowest since 2006.
Kier Group wins £177m worth of contracts
Fri 13 February 2015 08:19
Kier Group has scored £177m worth of contracts including the redevelopment of Birmingham Women's Hospital and a new emergency and paediatrics wing at Scarborough Hospital in York.
Fresnillo hit by FX and write-downs, but revalues Silverstream higher
Fri 13 February 2015 08:09
Mexican precious metals miner Fresnillo delivered a mixed update on Friday as it explained how movements in foreign exchange, the revaluations of assets and depreciation would affect its 2014 results.
Shire in talks to take over Salix Pharmaceuticals, reports say
Fri 13 February 2015 08:06
Shire is preparing to make a bid for Salix Pharmaceuticals, a drugmaker based in the US, according to reports.
Anglo American swings to annual loss after $3.9bn impairment charge
Fri 13 February 2015 07:30
The recent plunge in iron ore prices has prompted mining giant Anglo American to write-down the value of certain assets by $3.9bn, pushing the company into the red for the 2014 financial year.
Rolls-Royce reports weaker 2014 profits, expects further declines this year
Fri 13 February 2015 07:27
Rolls-Royce reported an underlying revenue drop of 6% in its full-year results for 2014, caused by reduced defence-customer spending and falling commodity prices.
British Land begins Paddington Central office development
Fri 13 February 2015 07:08
British Land has begun development of a new 146,000 square foot office building at Paddington Central.
Severn Trent on track to hit full-year forecasts, but costs rise
Fri 13 February 2015 07:02
Water and sewerage services company Severn Trent said in a third-quarter update that it is on track to hit expectations this financial year, though inflation and taxes will lead to higher operating costs.
Expedia to acquire Orbitz Worldwide in £900m deal
Thu 12 February 2015 19:48
Online travel company Expedia has announced it will acquire sector peer Orbitz Worldwide for $1.38bn (£900m).
TripAdvisor jumps on ad sales and user traffic
Thu 12 February 2015 19:09
TripAdvisor shares soared on Thursday, after the world's largest travel website announced strong ad sales and user traffic on its website.
Rio Tinto unveils plans for $2bn share buyback as quarterly profits beat estimates
Thu 12 February 2015 17:01
Mining giant Rio Tinto unveiled plans to invest $2bn (£1.30bn) in a share buyback, after the company's annual profit beat estimates.
Shire off to a flying start in 2015, as quarterly revenue grows 19%
Thu 12 February 2015 16:13
Drugmaker Shire said 2015 had got off to a strong start, on the back of the company's biggest purchase to date and the approval of the first drug to treat binge-eating disorder.
Kellogg's misses estimates with soggy Q4, sales target lowered
Thu 12 February 2015 16:06
Shares in Kellogg's dropped on Wall Street on Thursday after the American cereal maker missed analysts' forecasts with its fourth-quarter results and lowered its long-term target for sales.
Morgan Advanced halves annual profits but reports strong finish to 2014
Thu 12 February 2015 15:05
Carbon and ceramic products manufacturer Morgan Advanced Materials finished the year strongly after profit before tax exceeded analysts estimates.
Friday preview: Eurozone GDP, US consumer confidence, Anglo American finals
Thu 12 February 2015 14:53
The Eurozone may have grown 0.2% in the fourth quarter, matching the pace of the previous three months, according to forecasts ahead of Friday's gross domestic product data.
Galliford Try secures £40m contract in Northampton
Thu 12 February 2015 14:15
Housebuilding group Galliford Try has secured a £40m contract to build a new headquarters for Northamptonshire County Council.
Supergroup surprises as COO squeezed out
Thu 12 February 2015 12:13
Supergroup has parted company with chief operating officer Susanne Given, with the shock announcement sending the shares lower on Thursday afternoon.
Ryanair challenge rejected by Court of Appeal, eyes Supreme Court
Thu 12 February 2015 11:58
Ryanair will appeal to the supreme court after its attempt to hold onto its major stake in fellow Irish carrier Aer Lingus was knocked back by the UK Court of Appeal on all grounds.
Morrisons looks for new CEO and scraps Philip's controversial mist machines
Thu 12 February 2015 11:55
Retailer Wm Morrison said on Thursday it is "making good progress" with the search for a new chief executive as Dalton Philips is due to step down next Monday.
DCC reiterates full-year profit forecasts if cold weather holds
Thu 12 February 2015 09:49
Irish sales, marketing and distribution group DCC said its operating profit during the third quarter ended on 31 December was ahead of last year's and reiterated its growth forecasts for the full-year.
Lancashire declares surprise special dividend and strong final results
Thu 12 February 2015 08:15
Insurer Lancashire Group pleased investors with a bumper set of final results and a large surprise special dividend of $0.50 per share.
Imperial Tobacco sparked up by growth brand migration
Thu 12 February 2015 08:06
Strong performance from its growth brands in the first quarter helped offset declines elsewhere and left Imperial Tobacco confident of hitting its full year targets, though currency rates will hit earnings more than previously warned.
BT launches £1bn placing to help fund EE takeover
Thu 12 February 2015 08:02
Telecoms group BT has revealed details of its £1bn placing to help fund its £12.5bn takeover of UK mobile network EE.
Rio Tinto hikes full-year divi 12%, proposes $2bn cash return
Thu 12 February 2015 07:21
Mining group Rio Tinto has pledged to return nearly $6bn to shareholders in respect of 2014 after hiking its full-year dividend by 12% and announcing a $2bn share buyback.
Zoopla loses 11% of advertisers after rival launches in January
Thu 12 February 2015 07:09
Zoopla Property Group reported an 11% decrease in total advertising members over the past year, which it claims was due to the launch of Agents' Mutual 'only one-other portal' rule.
United Airlines offers transatlantic flights from Denmark for £50 after glitch hits website
Wed 11 February 2015 18:20
US carrier United Airlines inadvertently offered first-class transatlantic flights for as little as £50 because of a glitch on its website.
Billington jumps after announcing full-year results will be above expectations
Wed 11 February 2015 15:28
Structural steel and construction safety company Billington Holdings said its full year results will be above expectations thanks to an improvement in performances during the last six months of 2014.
Keller settles on 2008 litigation claim
Wed 11 February 2015 15:21
Keller has reached an agreement to settle against potential litigation, meaning final costs against a UK project dispute are not expected to exceed £60m.
Thursday preview: BoE presents Inflation Report
Wed 11 February 2015 14:52
The Bank of England (BoE) is expected to cut its forecasts for consumer prices to near zero when governor Mark Carney presents the central bank's Inflation Report on Thursday.
City of London Investment profits rise on FuM growth
Wed 11 February 2015 14:03
Asset management company City of London Investment Group said its funds under management edged higher over the course of 2014, leading to an increase in pre-tax profit and revenue in the first half of the year.
Capita to take over Fera food and environment agency
Wed 11 February 2015 13:40
Capita has secured an 10-year deal to partner the UK government in operating the Food and Environment Research Agency (Fera) as part of an effort to drive national growth in the UK's agri-food industry.
QinetiQ Group remains confident despite "challenging markets" and defence cuts
Wed 11 February 2015 11:22
Qinetiq stated that expectations for the current financial year remain stable in the face of "continuing challenging markets".
Smartphone theft falls 50% in London after 'kill switch' installation
Wed 11 February 2015 10:41
Smartphone theft fell 50% in London, 27% in San Francisco and 16% in New York in 2014, according to city officials.
Homeserve says business is in line with expectations
Wed 11 February 2015 10:38
Homeserve, a home emergency repairs business, said its business in trading in line with expectations with strong performance both in the UK and internationally.
TeleCity reveals Interxion data centre merger, dividend boost and £400m buyback
Wed 11 February 2015 10:27
Along with a target-hitting set of final results and a new share buyback programme, data centres group Telecity Group has agreed a merger with New York-listed rival Interxion.
Electrocomponents' sales surge in second half
Wed 11 February 2015 10:17
Sales at Electrocomponents surged considerably higher in the four months to the end of January, as France returned to growth and North America accelerated, though the UK market remains tough.
Atkins keeps full-year outlook unchanged
Wed 11 February 2015 10:14
Atkins is trading in line with management's expectations and the full-year outlook remains unchanged, the engineering company said on Wednesday.
Indivior slashes forecasts due to generics and European austerity measures
Wed 11 February 2015 09:27
Investors were disappointed with maiden annual results from Indivior after being hived off from former parent Reckitt Benckiser, as net income sank at a double-digit rate and management slashed revenue guidance for 2015.
Strong housing demand during H1 drives Redrow revenues and profits higher
Wed 11 February 2015 09:18
Housebuilder Redrow reported a strong set of half-year results driven by strong demand for new homes and welcomed changes to stamp duty.
Balfour Beatty hires ex-BHP boss to chair company
Wed 11 February 2015 08:58
Balfour Beatty, which is rumoured to soon be the subject of a takeover bid, has appointed a former head of BHP Billiton's energy arm as its new chairman.
Cobham warns of one-off profit hit from air-to-air development programmes
Wed 11 February 2015 08:15
Defence technology group Cobham has warned that it will recognise a one-off pre-tax provision of £15m in its 2014 results due to issues at its air-to-air refuelling development programmes.
Dunelm proposes special dividend as first-half sales jump 14%
Wed 11 February 2015 07:55
Strong growth online and new store openings helped Dunelm deliver a 14% increase in sales in the first half, as the homeware retailer lifted its interim dividend by 10% and announced a special dividend.
ARM Holdings enjoys record fourth quarter from chip licences
Wed 11 February 2015 07:51
Chip designer ARM Holdings enjoyed a strong finish to 2014 with its best-ever quarterly revenues as a record number of licences were signed, many by new customers, which would be expected to flow through to future royalty revenues.
Reckitt Benckiser expects 'nice' margins in 2015 after beating sales targets
Wed 11 February 2015 07:47
In the first results after offloading its drugs business, Reckitt Benckiser delivered fourth quarter net revenue growth comfortably ahead of forecasts and said it expected "moderate to nice" margins for 2015 despite its new Supercharge cost-saving project
Tullow suspends divi and cuts costs in response to oil crisis
Wed 11 February 2015 07:28
Challenging conditions across the oil industry have pushed Tullow Oil to suspend its final dividend for 2014, as the exploration and production company swung to a loss of over $2bn on the back of hefty impairment charges and exploration write-offs.
Thomas Cook cuts losses 42% in first results since CEO departure
Wed 11 February 2015 07:18
In Thomas Cook's first admission of results since chief executive officer (CEO) Harriet Green chose to leave in November, the company revealed that it slashed operational losses by 42% to £73m on a like-for-like basis in the first quarter.
Glencore cuts 2015 capex budget, plans to offload Lonmin stake
Wed 11 February 2015 07:02
Commodities trader and mining giant Glencore has scaled back its planned capital expenditure (capex) budget for 2015 by as much as 18% and announced plans to sell off its 23.9% stake in South African platinum miner Lonmin.
Apple becomes first US company to close over $700bn in value
Tue 10 February 2015 21:27
Apple shares closed at an all-time high on Tuesday, as the tech giant became the first US company to close with a market capitalisation of over $700bn.
Halliburton to cut work force by 8%
Tue 10 February 2015 19:54
Oilfield giant Halliburton said it will cut as much as 8% of its global 80,000 workforce, in the wake of the sustained decline in oil prices.
HSBC tax evasion claims were known to MPs in 2011, says former HMRC boss
Tue 10 February 2015 18:53
David Hartnett, the head of the HMRC in 2011, told MPs that his department was in possession of records from the Swiss subsidiary of a major UK bank, containing the names of potential tax dodgers.
Sky and BT secure Premier League rights for over £5bn
Tue 10 February 2015 17:25
Sky and BT have paid a whopping £5.13bn to win the rights to broadcast Premier League matches in the UK from the 2016-17 to the 2018-19 season.
Vedanta faces 'difficult in situation' in Zambia, amid low copper prices and rising taxes
Tue 10 February 2015 16:34
On Monday the chief of mining group Vedanta Resources said its copper division in Zambia was facing "a very, very difficult situation", due to the low prices for the metal and soaring taxes.
Hornby on 'the right track' after quarterly sales grow 5%
Tue 10 February 2015 15:52
Models and collectibles group Hornby registered 5% growth year-on-year in its sales for the third quarter, thanks to a solid performance over the Christmas period driven by its Scalextric and Corgi businesses.
Millennium & Copthorne remains upbeat about prospects for 2015
Tue 10 February 2015 15:33
Millennium & Copthorn Hotels saw fourth quarter pre-tax profit and revenue fall, but remained confident of delivering strong performances in 2015.
Wednesday preview: Greece in focus as Eurozone finance ministers meet
Tue 10 February 2015 15:13
All eyes will be on the emergency meeting of Eurogroup finance ministers on Wednesday, where Greece's Yanis Varoufakis will make his debut appearance as he attempts to persuade his peers of the benefits of his bridging programme.
IAG ready to improve on its Aer Lingus commitments to Dublin
Tue 10 February 2015 14:57
IAG would be willing to consider improving its commitments to Ireland in order to clinch Dublin's approval for its £1.36bn bid for its smaller rival Aer Lingus, according to reports.
Cable & Wireless sales increase thanks to mobile turnover
Tue 10 February 2015 14:54
Cable & Wireless Communications saw its shares rise on Tuesday after it reported an increase in revenues during the third quarter.
888 Holdings rockets on bid speculation
Tue 10 February 2015 14:36
Shares in online betting company 888 Holdings soared on speculation that a buyout bid, the value of which was put at £750m, from rival William Hill, could soon materialise.
SAB reports MillerCoors CEO retirement as net income falls during Q4
Tue 10 February 2015 12:55
SAB Miller has revealed that fourth-quarter net income fell at MillerCoors, its joint venture with Molson Coors that contributed 15% of volumes in the first half of the year.
Catlin profits fall short but dividend payout plans confirmed
Tue 10 February 2015 11:12
Full year profits from Catlin were slightly behind analyst forecasts, though the speciality property and casualty insurer delivered higher net asset value (NAV) than expected, with its takeover by US rival XL expected to be effective later in the year.
New Look Q3 sales down despite strong Christmas period
Tue 10 February 2015 10:36
Revenues at fashion retailer New Look were down in the third quarter despite a strong Christmas trading period.
Icap revenues continue to decline in Q3 but at slower pace
Tue 10 February 2015 10:33
Interdealer money broker Icap beat expectations for its third quarter results as signs of improved market activity emerged in some areas, though revenues continued to decline during the period.
Halma on track to hit full-year profit targets
Tue 10 February 2015 10:12
Health, safety and environmental tech group Halma expects pre-tax profit to be in line with full year expectations based on current trading and forecasts.
Bellway eyes 20% margins as housing market "favourable and sustainable"
Tue 10 February 2015 08:48
Housebuilder Bellway said market conditions "remain favourable" and as a result of continued demand for new homes across the country in the last six months, with volumes and margins both.
Tesco appoints bank for Dunnhumby sale, rebuffs Thai Lotus unit bid
Tue 10 February 2015 08:22
As it looks to ease pressure on its balance sheet, Tesco has reportedly appointed Goldman Sachs to pursue a disposal of a significant stake in its customer data analysis subsidiary Dunnhumby, but has recently turned down an approach for its Thai business.
Anglo American's iron ore profits hammered by falling commodity prices
Tue 10 February 2015 07:59
Anglo American's part-owned South African iron ore division saw profits sink in 2014 as a result of a 28% drop in average prices over the year.
James Fisher acquires National Hyperbaric Centre for £4.5m
Tue 10 February 2015 07:43
Fisher (James) and Sons (JF) has acquired the National Hyperbaric Centre in Aberdeen for £3.5m in cash plus a potential £1m earn-out based on future contracts to be undertaken between completion and 31 March 2016.
TUI Group confident of 10%-15% growth as merger cruises to serene start
Tue 10 February 2015 07:43
TUI Group, the holiday giant formed when London's Tui Travel merged with its German sister company in December, has sailed off to an encouraging start to 2015 buoyed by a "significant" increase in profitability in ocean cruises, hotels and resorts.
Ultra Electronics wins £18m contract with Ministry of Defence
Tue 10 February 2015 07:41
Ultra Electronics has won an £18m contract with the Ministry of Defence to supply sonobuoys for the Royal Navy's Merlin maritime patrol helicopter.
Babcock maintains guidance despite "uncertainty" in oil business
Tue 10 February 2015 07:17
UK engineering group Babcock expects to hit forecasts for the full year after strong trading momentum continued into the third quarter, despite the collapse in oil prices causing "uncertainty" in some divisions.
Mondi surprises with strong earnings recovery
Tue 10 February 2015 07:10
In a surprise announcement, packaging and paper group Mondi revealed that its earnings for the full year would be at least 20% higher than the previous year.
Netflix launches in Cuba, but only 5% of people have access to it
Mon 09 February 2015 18:53
Internet streaming media provider Netflix has launched its service in Cuba, even though Internet access remains restricted in the country.
Rosneft Russia sanctions appeal referred to ECJ
Mon 09 February 2015 15:31
The High Court in London has referred a Rosneft lawsuit to the European Court of Justice (ECJ) after the Russian oil giant challenged UK economic sanctions imposed against the company.
Legal and General acquires Newlife Home Finance for £5m
Mon 09 February 2015 15:11
Insurance group Legal and General (L&G) has purchased lifetime mortgage provider Newlife Home Finance for £5m.
Tuesday preview: China inflation slowdown expected in January figures
Mon 09 February 2015 14:22
Chinese inflation data is expected to show a slowdown in January amid falling oil prices.
Standard Chartered to refocus business model on wealthier clientele
Mon 09 February 2015 11:10
Standard Chartered has decided to refocus its banking operations on wealthy clients rather than regular civilians.
Land Securities confirms Oxford Westgate construction will begin in spring
Mon 09 February 2015 07:52
A Land Securities joint venture to complete the £440m redevelopment of Oxford's Westgate shopping centre will begin construction in spring after the companies confirmed the project will go ahead.
Randgold Resources hikes final dividend 20% despite 17% profits slump
Mon 09 February 2015 07:40
Annual profits fell 17% at Randgold Resources, as the gold price softened further in the fourth quarter, but the West Africa-focused gold miner has increased the final dividend 20% and made noises about the potential for "transformational" corporate activ
BG Group appoints new CEO one month early
Mon 09 February 2015 07:38
Natural gas producer BG Group has brought forward the starting date of its new boss by one month, the company announced on Monday.
Platinum strike hits Anglo American as Amplats' 2014 profits sink
Mon 09 February 2015 07:05
Anglo American has revealed that the contribution to underlying profits from its platinum division in South Africa plummeted 92% in 2014 as a result of an extended strike and lower metal prices.
Rolls-Royce wins $442m contracts for F-35 Joint Strike Fighter
Mon 09 February 2015 07:04
Rolls-Royce has won three contracts totalling $442m, producing and supporting lift systems for F-35B Lightning ll Joint Strike fighter jet.
Competition concerns over Stagecoach's East Coast rail franchise
Sun 08 February 2015 13:07
Stagecoach's majority-owned subsidiary, ICRL, has been told by the Competition and Markets Authority (CMA) that it must address competition concerns if it is to avoid an in-depth merger investigation following its successful bid to run the East Coast rail
LinkedIn shares jump to all-time high in the wake of strong quarterly results
Fri 06 February 2015 17:19
LinkedIn shares jumped to an-all time high on Friday, in the wake of strong fourth quarter results.
Siemens to cut 7,800 jobs as part of its restructure plan
Fri 06 February 2015 15:07
Siemens AG said it will cut 7,800 jobs worldwide as part of its restructuring plan.
PwC and Shire accused of tax avoidance "on industrial scale" in PAC investigation
Fri 06 February 2015 10:09
Shire was accused of tax avoidance by the UK's Public Accounts Committee (PAC) in a damning report into the role played by big four accountancy PricewaterhouseCoopers (PwC) in helping its clients dodge tax.
Shaftesbury set to terminate financial contracts
Fri 06 February 2015 08:16
Real estate investor Shaftesbury said it is likely to terminate some of its financial contracts due to interest rate movements.
Tate & Lyle plummets as US sweetener weakness prompts profits warning
Fri 06 February 2015 07:42
Sweeteners maker Tate & Lyle, famous for making Splenda sucralose, disappointed investors on Friday with a profit warning on the back of weakness in the bulk ingredients division, which accounts for around two-thirds of sales.
GSK hails positive results in melanoma study ahead of FDA approval
Fri 06 February 2015 07:26
Glaxosmithkline (GSK) has announced positive overall survival results from a study of its treatment for patients with 'mutation-positive metastatic melanoma'.
Poundland proposes £55m acquisition of 99p Stores
Fri 06 February 2015 07:09
Poundland Group has proposed the acquisition of its rival retailer 99p Stores for £55m, according to a statement to investors on Friday.
Capita receives approval from NHS England to join new framework
Fri 06 February 2015 07:06
Capita has received approval from NHS England to join the new lead provider framework for Commissioning Support Services.
Twitter user growth plummets in fourth quarter, revenue increases 97%
Thu 05 February 2015 20:35
Twitter's user growth plummeted in the fourth quarter despite a continued revenue boost, the company revealed Thursday night.
Rexam rockets on £4.3bn proposal from Ball Corp
Thu 05 February 2015 16:48
Rexam's share price surged on Thursday after the beverage can maker confirmed rumours that it has been approached by Ball Corporation.
Santander UK to replace Barclays as 'Boris bikes' sponsor
Thu 05 February 2015 16:46
Santander UK could soon replace Barclays as the backer of London's cycle-sharing scheme.
William Blair & Co increases stake in FXCM
Thu 05 February 2015 15:53
US investment management firm William Blair and Co, one of the major institutional shareholders of FXCM, has increased its holding in the online foreign exchange trading company.
BTG boosts full-year guidance thanks to PneumRx acquisition
Thu 05 February 2015 15:33
After currencies moved in its favour and the completion of a recent acquisition, healthcare group BTG has raised its guidance for full-year revenue.
Friday preview: US non-farm payrolls and jobless rate
Thu 05 February 2015 15:33
The US non-farm payrolls report and unemployment rate on Friday will take centre stage as policymakers keep watch on the labour market in the world's biggest economy.
Pfizer agrees to buy Hospira for $17bn
Thu 05 February 2015 12:58
Pharmaceuticals company Pfizer revealed on Thursday it will buy Hospira, a global pharmaceutical and medical device company for $17bn.
Prudential Financial fourth quarter profit hit by rising expenses
Thu 05 February 2015 12:02
US insurance firm Prudential Financial said its fourth quarter adjusted profit missed expectations, as expenses rose and it booked losses due the weakening yen.
Avanti interim pre-tax loss widens, as firm raises satellite equity funds
Thu 05 February 2015 11:01
Satellite communication services Avanti Communications said it had raised £60.6m by issuing new shares as part of a financing process to fund the construction and launch of the HYLAS 4 satellite.
Enterprise Inns confident of maintaining positive momentum in 2015
Thu 05 February 2015 10:16
Pub operator Enterprise Inns said it expected to maintain its positive momentum into the current financial year, despite a slight decline of beer orders in January.
Dairy Crest delivers "robust" results despite challenging market conditions
Thu 05 February 2015 10:05
Milk products producer Dairy Crest said its dairies business continued to make losses during the nine months to December, but its cheese and spreads divisions performed "robustly" against a challenging environment.
Aer Lingus short haul traffic fails to takeoff in January
Thu 05 February 2015 09:59
Irish airline Aer Lingus reported a decline passenger numbers in January, with a 7.6% decline in short haul traffic driving an overall 5.7% drop in overall numbers.
Premier Farnell warns annual profits will fall
Thu 05 February 2015 09:41
Electronics and technology products distributor Premier Farnell warned that its full year operating profit for 2015 would be lower than in the previous 12 months.
Grainger enjoys strong level of rental demand in the UK housing market
Thu 05 February 2015 09:07
Residential group Grainger has reported solid trading during the last four months, with a pipeline of sales of £102.3m and strong levels of rental demand in the UK market.
Beazley profits hit by lower reserve releases and currency headwinds
Thu 05 February 2015 09:02
Lower reserve releases than its five-year average and currency headwinds saw specialist insurer Beazley report a 16% decline in pre-tax profit in 2014.
Easyjet passenger traffic fails to take off in January
Thu 05 February 2015 08:17
Passenger numbers were flat at budget airline Easyjet in January, while planes were not as full as they were a year earlier.
Compass starts 2015 strongly after Japan and Europe return to growth
Thu 05 February 2015 08:14
Caterer Compass reported a good start to its new financial year, with organic revenue up more than expected in the first quarter thanks to a return to growth for Europe and Japan.
Vodafone beats estimates as organic revenue trends improve in Q3
Thu 05 February 2015 07:47
Vodafone dialed in a smaller-than-expected decline in organic service revenues in the third quarter thanks to a steady recovery in Europe and a return to growth in the UK, keeping full-year profit guidance in line.
Starbucks reports first UK profit since 1998
Thu 05 February 2015 07:29
US coffee chain Starbucks has reported a profit in Britain for the first time in 17 years thanks to a store reshuffle.
Astrazeneca misses fourth quarter target but eyes growth in 2015
Thu 05 February 2015 07:18
After a year of accelerating investment in its drug pipeline, drug group Astrazeneca's earnings per share fell more than expected in the fourth quarter to drag the full year number short of the market's target.
Tesco could face large fine from GCA investigation
Thu 05 February 2015 07:15
As it awaits the findings of a Serious Fraud Office probe, Tesco is facing a potential fine of over £600m after a new investigation was launched by Christine Tacon, the government's Groceries Code Adjudicator, who warned other supermarket groups may also
Boeing signs new deal with US Air Force
Wed 04 February 2015 18:55
Aerospace giant Boeing has won a contract to deliver Combat Network Communications Technology (CONECT) to the US Air Force.
BT set to acquire EE in £12.5bn deal
Wed 04 February 2015 17:36
Telecom giant BT has completed the acquisition of mobile operator EE from Deutsche Telekom and Orange for £12.5bn.
Petrobras CEO and five executives quit amid corruption scandal
Wed 04 February 2015 16:49
Maria das Graças Foster, the chief executive (CEO) of Brazilian oil giants Petrobras, has resigned along with five other executives amid an ongoing corruption scandal.
Strong Q3 sales helps Sony trim FY losses
Wed 04 February 2015 15:53
Technology giant Sony Corp said its annual loss is likely to be smaller than previous estimates, as the company's third-quarter profit beat expectations.
Wizz Air's IPO plans to take off again
Wed 04 February 2015 15:35
Budget airline Wizz Air has unveiled plans to raise £113m by floating on the main market of the London Stock Exchange by the end of March.
Icap fined £11.3m by European Commission
Wed 04 February 2015 14:09
The European commission has fined interdealer money broker Icap £11.3m for rigging Libor, though the company plans to challenge the ruling.
GlaxoSmithKline fourth quarter declines brightened by £4bn cash return
Wed 04 February 2015 12:33
Sales, profits and earnings slumped during the last quarter of the year at drugmaker GlaxoSmithKline due to headwinds in the US market, though the company pleased investors after confirming it would return £4bn cash from its deal with Novartis.
Shell's US union talks falter as prospect of further refinery strikes looms
Wed 04 February 2015 09:24
Talks between Royal Dutch Shell and US refineries have resumed with unions threatening further walkouts if the bargaining continues to be unsuccessful.
Victrex delivers record first quarter volumes
Wed 04 February 2015 08:32
A continuation of strong consumer electronics demand helped plastics specialist Victrex deliver strong volume growth in the first quarter, though revenue was slightly weaker in its medical business.
Synergy Health builds momentum in third quarter
Wed 04 February 2015 07:42
Healthcare outsourcer Synergy Health said it was on track to hit full-year forecasts after growth momentum picked up strongly in the third quarter.
Sky interims sparkle with highest customer growth in nine years
Wed 04 February 2015 07:10
In its first set of results since acquiring its German and Italian sister companies and simplifying its name to Sky, the satellite broadcaster delivered a strong set of interim results and boasted good momentum in all its markets.
Hargreaves Lansdown delivers record AuA but misses forecasts in first half
Wed 04 February 2015 07:02
Half-yearly results from fund manager and savings outfit Hargreaves Lansdown delivered record assets under administration (AuA) and increased client numbers, but shares dropped on Wednesday after revenue and profit figures missed City expectations.
Wednesday preview: Hargreaves, GSK and Sky report results
Tue 03 February 2015 18:01
Hargreaves Landsdown reports its half-year results on Wednesday with analysts expecting a strong set of results.
XL Group fourth quarter earnings deliver positive surprise
Tue 03 February 2015 16:37
Insurance group XL Group cited solid underwriting results in both of its division as the reason behind better-than-expected fourth quarter earnings.
Staples and Office Depot in advanced talks over merger
Tue 03 February 2015 16:03
Negotiations over a merger between Staples and Office Depot were at an advanced stage on Tuesday, according to sources cited by The Wall Street Journal.
Growing property market in the UK helps St. Modwen Properties profits to jump
Tue 03 February 2015 14:13
St. Modwen Properties saw its full-year profits jump thanks to a growing property market.
Tesco pays £2.2m settlements to former CEO and CFO
Tue 03 February 2015 12:00
Tesco said on Tuesday it has agreed to pay £2.2m to former directors after the payments have been suspended over an investigation into its accounting practices in the wake of an overstatement its profits by £263m.
Santander UK reports 26% boost in pre-tax profits for 2014
Tue 03 February 2015 10:18
Banking company Santander UK has reported a 26% boost in pre-tax profits of £1.34bn for the year ended 31 December 2014. The group also unveiled an 11% increase in total operating income of £4.47bn.
UDG Healthcare hikes earnings guidance
Tue 03 February 2015 09:47
Irish medical outsourcing group UDG Healthcare has raised its earnings targets for 2015 after a strong first quarter.
Ocado swings to profit for first time amid growth in online grocery market
Tue 03 February 2015 09:28
Grocery specialist Ocado made its first ever pre-tax profit for the full-year, driven by growth in the online market.
TalkTalk warns earnings "towards bottom of range"
Tue 03 February 2015 08:40
In spite of its excitement about its 'quad-play' offering boosting third quarter results, TalkTalk warned full year earnings will be at the lower end of analysts' market expectations.
Associated British Foods plans £98m impairment due to oil prices
Tue 03 February 2015 08:23
Associated British Foods has decided to write down its UK bioethanol joint venture by £98m due to the slump in crude oil and bioethanol prices and the ongoing weakening of the euro against sterling.
BG Group hit by $9bn impairment charge in fourth quarter
Tue 03 February 2015 08:00
Oil and liquefied natural gas (LNG) group BG Group reported wider losses for the fourth quarter after taking nearly $9bn in impairment charges following the recent deterioration of commodity prices.
Melrose Industries proposes £200m cash return to shareholders
Tue 03 February 2015 07:58
Manufacturing group Melrose Industries has proposed a £200m capital return and a share consolidation.
National Express named as preferred bidder for €1.4bn German contract
Tue 03 February 2015 07:43
National Express has been named the "preferred bidder" for all Nuremberg S-Bahn services by the Bavarian passenger transport authority (BEG).
Capita agrees £157m acquisition of Germany's Avocis
Tue 03 February 2015 07:12
Outsourcing group Capita has agreed the acquisition of German customer services firm Avocis for £157m.
Aberdeen AM suffers net outflows in first quarter as sentiment "fragile"
Tue 03 February 2015 07:10
Aberdeen Asset Management saw net outflows in the three months to end-December due to a weakening of investor sentiment to emerging markets in December, with the fragile sentiment and volatile demand expected to continue.
BP cuts 2015 budget after swinging to Q4 loss, but underlying profits beat forecasts
Tue 03 February 2015 07:07
BP has slashed its investment budget for 2015 by $4bn-6bn after swinging to a non-adjusted loss in the fourth quarter after taking billions of dollars of impairment charges on the back of a lower oil price.
Apple unveils plans for £2bn global command centre in Arizona
Mon 02 February 2015 20:46
Apple has unveiled plans for $2bn global command centre in Arizona.
IAG sweetens Aer Lingus bid to win over Irish government
Mon 02 February 2015 17:41
IAG, the owner of British Airways which is currently trying to take over Aer Lingus, outlined plans on Monday to safeguard the future of the Dublin-based airline in an effort to win over the Irish government.
Kennedy Wilson Europe Real Estate acquires portfolio from Aviva for £503m
Mon 02 February 2015 16:45
Kennedy Wilson Europe Real Estate, a subsidiary of investment firm Kennedy Wilson, has completed the acquisition of a portfolio of 180 properties from Aviva Commercial Real Estate Finance for £503m.
Grainger acquires property portfolio for £58m
Mon 02 February 2015 16:42
Residential group Grainger has agreed to buy a regional tenanted residential property portfolio from Sarunas Properties for £58m.
Tuesday preview: ARM Holdings, Ocado report
Mon 02 February 2015 16:35
Chipmaker ARM Holdings on Tuesday is expected to report an increase in fourth quarter earnings and revenues, supported by sales in the smartphone market.
Santander UK to set aside an extra £20m for PPI compensation
Mon 02 February 2015 15:29
Santander UK is expected to set aside an additional £20m to cover further claims related to the mis-seling of payment protection insurance (PPI).
Quindell denies conclusion of negotiations with Slater & Golden
Mon 02 February 2015 14:43
Technology and outsourcing group Quindell denied speculation that it had concluded talks with Slater & Golden to sell one of its operating divisions.
Telefonica plans to cut fibre optic network in Spain
Mon 02 February 2015 12:22
Telefonica plans to reduce its optic fibre network by 35% in Spain, according to local media.
RPS Group expects 2014's results to be at top end of expectations
Mon 02 February 2015 11:21
RPS Group expects to fall at the top end of market expectations for the year ending 31 December 2014.
HICL sells interest in Colchester Garrison project
Mon 02 February 2015 10:26
HICL Infrastructure has sold its 56% interest in the Colchester Garrison Ministry of Defence project to Allianz Group.
Ryanair warns investors that falling oil prices will limit profit growth
Mon 02 February 2015 10:24
Ryanair has warned that when falling oil prices force budget airfares into decline, its 2016 profit growth will suffer.
Enquest to get back $23m after exiting Tunisia
Mon 02 February 2015 08:19
Oil and gas group Enquest has decided to exit operations in Tunisia, meaning that it will receive $23m, though production for 2014 will be slightly lower than expected.
Fenner buys Charter Medical from Lydall
Mon 02 February 2015 08:18
British manufacturer of polymer-based products Fenner has purchased Charter Medical from its parent company Lydall for $29.9m.
Inmarsat announces successful launch of second GX satellite
Mon 02 February 2015 07:42
On Sunday Inmarsat successfully launched its second Global Xpress mobile broadband satellite, as expected, from the Baikonur Cosmodrome in Kazhakstan, Russia.
Shire to market FDA-approved drug for those with binge eating disorders
Mon 02 February 2015 07:29
Shire has had its new treatment for adults with a moderate to severe binge eating disorder approved by the US Food and Drug Administration (FDA).
Standard Life completes Canadian disposal, seeks approval for buyback
Mon 02 February 2015 07:23
Insurance outfit Standard Life has completed the deal announced last year to sell its Canadian companies to Manulife Financial for £2.2bn, and will press on to get shareholder approval for a £1.75bn share buyback.
Randgold Resources looking to expand Loulo-Gounkoto with third mine
Mon 02 February 2015 07:08
West Africa-focused gold miner Randgold Resources is looking to develop a third underground mine at its Loulo-Gounkoto gold mining complex.
O2 merger with Three attracts attention from world's richest countries
Sun 01 February 2015 18:41
Some of the richest countries in the world are reportedly holding talks about potential investment in the merger between mobile telecoms networks O2 and Three.
Amazon's CEO pockets almost $3bn as shares surge 15%
Fri 30 January 2015 20:25
Shares in Amazon rose over 14% on Friday and the surge has boosted the online retailing giant's market value by about $16.5bn
Deloitte appeal against MG Rover misconduct charges is successful
Fri 30 January 2015 17:14
Accounting firm Deloitte has had a series of misconduct rulings successfully overturned.
FCA launches probe into Deutsche Bank's London office
Fri 30 January 2015 15:44
The Financial Conduct Authority (FCA) has opened an investigation into the London office of German bank Deutsche Bank over governance and controls concerns.
Vedanta Resources reports drop in Q3 earnings amid weak commodity prices
Fri 30 January 2015 09:31
Vedanta Resources said it was reviewing its operating and capital spending plans as it reported an 11% fall in third quarter core earnings.
Morgan Advanced Materials reveals new CEO Paul Raby
Fri 30 January 2015 08:24
Morgan Advanced Materials (MGAM) has appointed a new chief executive officer (CEO), Pete Raby.
BT reveals plans to pay down £7bn pension deficit, upgrade fibre network
Fri 30 January 2015 08:11
Telecoms giant BT reported a solid rise in profits in its third quarter, as it announced a new 16-year "recovery plan" to pay down its expanding pension deficit.
Qatar Airways acquires 9.99% stake in IAG
Fri 30 January 2015 07:32
Qatar Airways has acquired a 9.99% stake in International Airlines Group (IAG), according to statement released on Friday.
Amazon shares rise 5% after earnings top forecasts
Thu 29 January 2015 21:10
Amazon shares rose 5% late on Thursday, after earnings topped forecasts.
Google shares fall after earnings and revenue miss target
Thu 29 January 2015 21:08
Google shares fell over 2.5% after the bell on Thursday after earnings and revenue missed target.
Friday preview: Eurozone consumer price data in focus
Thu 29 January 2015 16:15
The Eurozone is expected to have entered further into deflation in January, adding pressure on the European Central Bank (ECB) after it launched a major quantitative easing (QE) package.
Alibaba plunges after revenue misses forecast
Thu 29 January 2015 14:18
Despite beat earnings forecasts, Alibaba shares fell over 7% before the bell on Thursday, after the group reported its third quarter sales rose less than expected.
National Express announces new finance director
Thu 29 January 2015 13:49
National Express announced the appointment of its new finance director.
Paypoint on track to meet FY expectations after increase in transaction volumes and revenue edge higher
Thu 29 January 2015 12:53
Consumer payment system providers Paypoint said it expects to meet market expectations for the year in the wake of an increase in transaction volumes and revenue.
Euromoney quarterly revenue falls as commodity weakness weighs
Thu 29 January 2015 12:30
Weak commodity prices and pressure on the investment banking business saw first quarter revenue decline at business media group Euromoney Institutional Investor.
Great Portland Estates rental and capital values continue growth in run up the general election
Thu 29 January 2015 12:13
Great Portland Estates continued along its trajectory of strong organic growth in both rental and capital values in the third quarter of its financial year.
Sky reaches agreement with Telefonica UK to launch mobile service
Thu 29 January 2015 12:09
Telecom giant Sky has reached a multi-year deal with mobile operator Telefonica UK, better known in the UK as O2, to add mobile voice and data services to its portfolio.
De La Rue CFO to step down, as firm maintains guidance
Thu 29 January 2015 11:34
Colin Child, the finance director of banknote printing firm De La Rue, has announced he will step down from his role.
Lonmin to cut spending and maintain production target in 2015
Thu 29 January 2015 11:18
Platinum producer Lonmin said it will cut spending in 2015, as it aims to fight low metal prices, but promised to maintain its annual production target.
Shares in Asos decline after chief executive sells stake worth £20m
Thu 29 January 2015 11:13
Shares in online fashion retailer Asos declined on Thursday after chief executive Nick Robertson sold £20.2m worth of shares, reportedly in order to pay a "big tax bill".
Cranswick brings home the bacon with Christmas trading
Thu 29 January 2015 11:12
Pork processor Cranswick's third-quarter trading statement revealed an improvement on last year's sales, attributed to sales growth from fresh pork.
RPC Q3 adjusted operating profit "significantly ahead" than last year
Thu 29 January 2015 10:59
Packaging firm RPC Group said its adjusted operating profits for the third quarter were "significantly ahead" of the corresponding period the year before.
Renishaw H1 profits soar 121% thanks to metrology division
Thu 29 January 2015 10:12
British engineering company Renishaw saw its half-year profits more than double following an increase in machine tool orders from Far East customers in its industrial metrology division.
Polymetal grows production but weak commodity prices hit FY revenue
Thu 29 January 2015 10:09
Russian precious metals miner Polymetal said its fourth-quarter and annual output and sales rose, but weaker commodity prices dampened full-year revenue.
Kaz Minerals full-year output in line with guidance
Thu 29 January 2015 09:43
Copper miner Kaz Minerals said it has met its annual production target, having produced 83,500 tonnes in 2014.
Soco International slashes 2015 expenditure budget, shares drop
Thu 29 January 2015 09:28
Oil firm Soco International revealed on Thursday that it has slashed its investment budget by more than 60% from 2014 to 2015 and will be re-assessing its asset portfolio.
Rank Group turns losses into profits during second-half
Thu 29 January 2015 09:09
Gambling and leisure business Rank Group saw its profits before tax rise during the second half of the year ended in December.
Ocado unveils plans to open fourth distribution centre
Thu 29 January 2015 09:07
Online supermarket Ocado has agreed a deal to set up a fourth major distribution centre, as it aims to satisfy increasing demand for online grocery shopping.
3i Group lifts NAV but bemoans full pricing as it invests in Christ jeweller
Thu 29 January 2015 09:01
Despite its continuing concern about Europe's economic and political environment and full pricing, private equity investor 3i group enjoyed a busy final quarter of the year and said its portfolio remains well positioned and continues to perform strongly.
Mitchells & Butlers sales fattened by food volumes but margins undercooked
Thu 29 January 2015 08:08
Pub group Mitchells & Butlers, operator of such chains as Harvester, All Bar One, Nicholson's and O'Neill's, served up stronger sales since its September year-end but at the expense of margins.
British American Tobacco unveils three new non-executive directors
Thu 29 January 2015 07:46
British American Tobacco has unveiled the appointment of its latest batch of non-executive directors.
Diageo delivers stronger second quarter and says "momentum" brewing
Thu 29 January 2015 07:40
After a bad start to its financial year, drinks giant Diageo delivered a much improved performance in the second quarter with stronger net sales, volumes and margins, though first-half results saw earnings suffer a double-digit drop but the dividend hiked
Royal Mail chairman delivers resignation
Thu 29 January 2015 07:30
Royal Mail chairman Donald Brydon will step down later this year, the company has revealed.
Shell misses Q4 profits forecasts and slashes $15bn from spending
Thu 29 January 2015 07:01
Oil major Shell said it is looking to reduce costs and lower investment in 2015 in response to the collapse in crude prices, cutting $15bn from its potential spending over the next three years.
Facebook earnings and revenue top analysts' estimates
Wed 28 January 2015 21:10
An increase in mobile usage and ad revenues saw Facebook post better-than-expected fourth quarter earnings.
Telefónica acquires 3% share in digital services firm Indra
Wed 28 January 2015 17:52
Even as Telefónica continued talks to sell off its UK unit O2 to Hutchison Whampoa, the Spanish telecommunications giant made a move to pick up a 3% share in Indra.
Thursday preview: Diageo reports half year amid tough trading conditions
Wed 28 January 2015 16:29
Drinks maker Diageo is expected to report a slump in half-year interims on Thursday, reflecting weak sales in Asia.
KCG to sell Hotspot to BATS Global Markets for $365m
Wed 28 January 2015 15:20
Financial services provider KCG has agreed to sell its FX trading division, KCG Hotspot, to BATS Global Markets for $365m.
H&M posts strong interim results thanks to "well-received" collections
Wed 28 January 2015 14:35
High-street retailer H&M said 2014 was a "very good year" for the business as sales in constant currencies increased by 14%.
FXCM to forgive clients who incurred in losses after SNB's decision
Wed 28 January 2015 14:27
Foreign exchange market broker FXCM will forgive approximately 90% of its client who suffered losses as a result of the Swiss National Bank's (SNB) decision to remove its currency cap on the franc.
Saga acquires Bennetts for £26.3m
Wed 28 January 2015 10:52
Financial services provider Saga has reached a deal to buy motorbike insurer Bennetts for £26.3m in cash.
Brewin Dolphin warns market volatility limiting top-line growth
Wed 28 January 2015 10:15
Fund manager Brewin Dolphin reported a 3% increase in funds under management (FuM) during its first quarter but saw a sharp decline in commission income on the back of tough market conditions.
Nostrum Oil & Gas' production will remain flat until 2017
Wed 28 January 2015 10:12
Nostrum Oil & Gas said production will remain subdued over the next two years, due to the construction of a new gas plant to be completed in 2017.
Antofagasta expects weaker output increase in 2015
Wed 28 January 2015 09:53
Mining group Antofagasta reported its annual output for 2014 was in line with its guidance but added it expected a smaller-than-expected increase in production this year.
Intermediate Capital Group impresses with strong inflows and outlook
Wed 28 January 2015 09:46
With third-quarter net inflows and assets under management (AUM) above target, asset manager Intermediate Capital Group (ICG) reported a positive outlook for its investment pipeline and a "very strong fundraising environment" ahead.
Anglo American production declines and impairments planned
Wed 28 January 2015 09:21
Production in the fourth quarter generally declined at Anglo American as the mining giant warned that crumbling commodity prices would lead to impairment charges in its full year results.
Experian surprises with share buyback and new dividend ratio
Wed 28 January 2015 09:17
Credit checking group Experian has announced a $600m share buyback and made positive noises about growing its dividend, hidden among details of an investor seminar to be held on Wednesday afternoon.
3i Infrastructure generates exceptional return but warns "challenges" continue
Wed 28 January 2015 09:16
Investment trust 3i Infrastructure said it continued to perform well during the last quarter after selling its major UK rolling stock investment, but warned the continued rise in infrastructure prices made it ever more challenging to find new investment o
Apple Watch launch set for April 2015, says CEO Tim Cook
Wed 28 January 2015 09:04
The Apple Watch will be available to the mass population in April according to chief executive officer (CEO) Tim Cook.
AG Barr sales fizz higher in fourth quarter
Wed 28 January 2015 07:55
Stronger sales in the final few months of the year enabled Scottish soft drinks maker AG Barr to just about hit full year targets after a slowdown in the previous quarter.
Fresnillo beats gold and silver production guidance, expects growth in 2015
Wed 28 January 2015 07:19
Mexican precious metals group Fresnillo beat forecasts with its silver and gold production in 2014 and said it expects to grow output this year.
Severn Trent reveals new dividend policy, cuts payout for next year
Wed 28 January 2015 07:07
In accepting the final determination from the water industry regulator, Severn Trent has cut its dividend for next financial year but plans a £100m share buy-back programme to reduce its gearing ratio.
Sage Group makes "solid start" as Q1 organic revenues rise 5.3%
Wed 28 January 2015 07:02
Business management software group Sage said it made a "solid start" to the new financial year and remains on track to hit its growth targets.
Apple soars as Q1 earnings and revenue beat expectations
Tue 27 January 2015 21:38
Apple shares rose 5% in after-hour trading after the tech giant's first quarter earnings beat Wall Street's expectations.
Waitrose to open 14 stores and create 2,000 jobs
Tue 27 January 2015 19:38
Supermarket chain Waitrose has confirmed plans to open an additional 14 stores in the UK, which would create 2,000 jobs.
EDF the latest of Big Six to cut energy bills
Tue 27 January 2015 18:54
Energy firm EDF Energy has become the latest of the Big Six energy suppliers to agree to price cuts, after saying it would cut its tariffs by 1.3%.
Wednesday preview: Federal Reserve expected to reiterate plans for mid-2015 rate hike
Tue 27 January 2015 16:36
The Federal Reserve on Wednesday announces its latest interest rate decision following a two-day meeting.
QinetiQ appoints Wadey as new CEO
Tue 27 January 2015 16:30
Defence technology group QinetiQ Group has appointed Steve Wadey as its new chief executive (CEO) to replace Leo Quinn on Monday.
Britvic holds on to guidance despite "challenging" Q1, shares rise
Tue 27 January 2015 15:50
Soft drinks manufacturer Britvic reassured investors on Tuesday by maintaining its full-year profit guidance in spite of "challenging trading conditions" in core markets during its first quarter.
Unrest in Nigeria hurts PZ Cussons' H1 profit and revenue
Tue 27 January 2015 15:09
Political tension in Nigeria and the devaluation of the local currency hit first half profit of soap maker PZ Cussons.
Crest Nicholson to increase shareholders payout after strong demand boost profit
Tue 27 January 2015 14:46
Housebuilding group Crest Nicholson announced it would increase shareholders payouts after its pretax profit rose 34% for the year to end October, buoyed by strong demand.
Bankruptcy proceedings underway for Boston Prime and BT Prime
Tue 27 January 2015 13:54
The aftermath of the Swiss franc debacle continued to unfold as company representatives from Boston Prime and BT Prime confirmed bankruptcy proceedings were being carried out.
Marston's enjoys strong Christmas and New Year period in all divisions
Tue 27 January 2015 12:18
Pubs and brewing group Marston's said its financial year has been "encouraging" thanks to a strong Christmas and New Year period.
IBM denies reports of cutting quarter of global workforce
Tue 27 January 2015 11:16
IBM has denied a report it plans to slash 110,000 jobs as part of a major transformation at the tech giant.
Entertainment One's sales ahead of targets with strong Peppa Pig franchise and TV growth
Tue 27 January 2015 10:30
Entertainment One expects full year earnings to beat expectations after its Peppa Pig franchise brought home the bacon in the retail sector.
Foxtons turnover hit by 'subdued' London market
Tue 27 January 2015 10:08
Estate agency Foxtons Group said its turnover during the last quarter of the year was down 12.1% due to a reduction in property sales commission.
Afren sees shares plunge after saying it needs to raise funds
Tue 27 January 2015 10:00
Afren's shares plummeted after the oil company revealed it needs to raise funds in excess of its market capitalisation to avoid running out of cash amid falling oil prices.
British Land enjoys strong quarter driven by good retail space sales
Tue 27 January 2015 09:10
Property development and investment group British Land said it saw strong demand in retail space during its third quarter to December.
National Grid cancels publication of interims following FCA ruling
Tue 27 January 2015 08:21
National Grid said it has ceased publication of its first and third quarter results after the UK regulator removed a rule that required companies to release interim statements.
United Utilities targets same dividend growth as SSE
Tue 27 January 2015 08:00
Water company United Utilities has targeted dividend growth of at least inflation as recorded by the Retail Price Index going forward, matching its peer firm SSE.
Easyjet impresses with positive outlook after strong first quarter
Tue 27 January 2015 07:52
Shares in Easyjet ascended on Tuesday after the British budget airline said it now expects an increase in revenues per seat in the first half.
Aer Lingus willing to recommend improved €1.36bn takeover offer from IAG
Tue 27 January 2015 07:27
Dublin-based airline Aer Lingus has said it would be willing to recommend a sweetened €1.36bn takeover offer from IAGto its shareholders.
Meggitt wins $19m contract to supply cabin surveillance
Tue 27 January 2015 07:16
Aerospace firm Meggitt will supply the cabin surveillance system for Embraer's E-Jets E2 in a deal worth $19m.
Microsoft Q2 results in line with expectations but shares fall
Mon 26 January 2015 21:31
Microsoft shares fell over 2% in after-hour trading on Monday, even if the firm announced its second quarter earnings per share met analysts' expectations.
IBM dismisses layoff rumours
Mon 26 January 2015 19:34
IT giant IBM has dismissed rumours that it was poised to slash its global workforce by a quarter.
Tuesday preview: Preliminary fourth quarter GDP numbers in focus
Mon 26 January 2015 15:50
Trading on Tuesday will likely be restrained ahead of Wednesday's US Federal Reserve monetary policy meeting.
BAE wins $146.7m five-year deal with US Navy
Mon 26 January 2015 15:42
Defence group BAE Systems has won a five-year contract with the US Navy's Naval Air Systems Command (NAVAIR) worth $146.7m (£97.5m).
UK dividend payouts to increase in 2015, boosted by surging dollar
Mon 26 January 2015 15:26
Companies in the UK are set to pay out more on dividends this year, according to Capita's January dividend monitor, with Big Oil remaining a sector where the dividend is sacrosanct.
Old Mutual ups stake in East African insurance company
Mon 26 January 2015 14:06
Investment and banking group Old Mutual has increased its stake in a East African insurance company.
Balfour Beatty wins preferred-bidder status on £120m deal
Mon 26 January 2015 10:57
Balfour Beatty has revealed itself as the "preferred bidder" on a £120m, 50-year residential contract with the University of Sussex.
LondonMetric focuses on retail in the third quarter
Mon 26 January 2015 10:17
LondonMetric continued to ride the e-commerce wave in the third quarter in a shift towards retail that the property investor expects to pay off in the coming year.
Vodafone and Japan's NTT Docomo extend coverage in Asia Pacific
Mon 26 January 2015 08:05
Vodafone and Japanese mobile phone operator NTT Docomo took the next step in their strategic partnership on Monday with a new partner market agreement for Guam and the Commonwealth of the Northern Mariana Islands (CNMI).
Rolls-Royce breaks into market for Chinese locomotives exports
Mon 26 January 2015 08:01
Rolls-Royce has been awarded a contract to supply engines for major Chinese locomotive manufacturer CNR Dalian, marking its entry into that country's market for freight locomotives for export.
Petra Diamonds warns of full year profit concerns
Mon 26 January 2015 07:57
Diamond mine operator Petra Diamonds saw sales jump by 16% in the first six months of the year, to reach $214.8m, but warned that it may not meet analysts' expectations for full-year profits.
Shire target NPS Pharma wins FDA approval for Natpara
Mon 26 January 2015 07:16
Shire has hailed the regulatory approval of a rare disease drug created by NPS Pharmaceuticals, a firm that the FTSE 100 group is currently in the process of acquiring, and received good news about one of its own drugs.
SSE cuts gas prices 4.1% from end-April
Mon 26 January 2015 07:10
Energy supplier SSE has announced a 4.1% cut to its gas prices from 30 April and said its full-year results would be in line with expectations but warned of continuing challenging business conditions in its new financial year.
Sports Direct plans expansion of UK business
Sun 25 January 2015 18:14
Sports Direct was making headlines over the weekend as its plans to expand its UK business were revealed.
Sky weighs up potential tie-up with merger of O2 and Three
Sun 25 January 2015 17:45
Broadcasting giant Sky is said to be mulling over plans to create a mobile phone service through a business partnership with the company resulting from the potential merger of Three and O2.
Aer Lingus to accept latest takeover bid from IAG
Sun 25 January 2015 17:32
IAG, the owner of British Airways, will reportedly announce that Irish airline Aer Lingus has accepted its recent takeover bid.
GSK's Ebola vaccine shipped to Liberia for first large-scale trials
Fri 23 January 2015 12:55
GlaxoSmithKline's (GSK) Ebola vaccine has been shipped to Liberia for first large-scale trials.
Big four supermarkets will cut small brands and back big names, says Premier Foods CEO
Fri 23 January 2015 11:42
Premier Foods, of Mr Kipling cake fame, is about to win more shelf space in the battle of the 'big four' supermarkets, according to chief executive Gavin Darby.
UK retail sales post unexpected increase in December
Fri 23 January 2015 09:35
British retail sales registered an unexpected rise in December, boosted by an increased demand for fuel and steady sales over Christmas.
Ultra Electronics confirms termination of Oman airport IT contract
Fri 23 January 2015 08:18
Ultra Electronics, the UK defence, security, energy and transport group, has confirmed that its IT contract with Oman airport has been scrapped.
Carillion wins £200m prison contract with MoJ
Fri 23 January 2015 07:49
Construction and support services group Carillion has won two contracts worth a combined £200m to provide facilities management services for UK public-sector prisons.
Close Bros' performance steady despite challenging market conditions
Fri 23 January 2015 07:10
Banking group Close Brothers said its banking and asset management divisions performed well in the five months to 31 December, but its securities business struggled.
EnQuest shares soar as oil firm cuts capex, lenders relax debt covenants
Fri 23 January 2015 07:05
Shares of EnQuest surged on Friday after the oil and gas group said its financial position "remains resilient" despite the recent collapse in crude prices, after it renegotiated credit facilities with its lenders and cut spending for this year.
Spectris acquires US-based ReliaSoft for £28m
Fri 23 January 2015 07:02
Instrumentation and controls developer Spectris has acquired US-based ReliaSoft for approximately £28m in cash.
Hutchison Whampoa to buy O2 from Telefonica for £10bn
Thu 22 January 2015 21:37
Britain's second-biggest mobile provider O2 is in talks to be purchased by Three mobile network owner Li Ka-shing for up to £10.25bn.
Royal Mail still under pressure, despite positive Christmas
Thu 22 January 2015 20:17
Moya Greene, the chief executive of Royal Mail, has said the firm remained under pressure, despite a 4% rise in parcel deliveries during the Christmas season.
RBS to refer rejected business loan applicants to peer-to-peer lending
Thu 22 January 2015 16:43
Royal Bank of Scotland (RBS) has announced it will start to suggest peer-to-peer lending to rejected business loan applicants.
CRH confirms talks to acquire Lafarage, Holcim assets
Thu 22 January 2015 16:27
Dublin-based building materials group CRH has confirmed speculation that it could buy some of Lafarge and Holcim's assets ahead of their proposed merger.
Friday preview: Manufacturing PMIs, UK retail sales figures, US existing homes sales data
Thu 22 January 2015 15:56
A slate of manufacturing data in the Eurozone, China and US will flood Friday's agenda.
Rexam acquires 51% of United Arab Can Manufacturing Limited
Thu 22 January 2015 15:03
Beverage can maker Rexam has completed the acquisition of a 51% stake in beverage can maker United Arab Can Manufacturing Limited.
John Laing Infrastructure Fund purchases remaining 20% in Kirklees Social Housing
Thu 22 January 2015 14:54
John Laing Infrastructure Fund (JLIF) has agreed a deal to purchase the remaining 20% of the Kirklees Social Housing project.
Drax rises after EU approves state aid for MGT Power
Thu 22 January 2015 14:20
The European Union has given the green light for the UK government to provide financial aid to MGT Power's biomass power station in the North East of England.
Countrywide full year results in line despite London housing slowdown
Thu 22 January 2015 12:06
Countrywide has reported numbers of house exchanges dropped by 2% and 14% in the prime London regions in the fourth quarter but full year results for the property services group are expected to remain in line with expectations.
Workspace posts positive quarter results thanks to rental growth
Thu 22 January 2015 12:04
Office space provider Workspace Group said it enjoyed a good quarter of rental growth during the last quarter of the year.
Card Factory delivers solid sales growth, but shares pull back
Thu 22 January 2015 11:09
Card Factory said it continued to perform well as it neared the end of its financial year, though shares dropped sharply on Thursday as investors took profits following a steady rise in the stock since its flotation last May.
Inmarsat to launch second Global Xpress satellite in early February
Thu 22 January 2015 10:51
Inmarsat will launch its second Global Xpress (GX) satellite, providing high-speed mobile broadband, on 1 February using a Proton launch vehicle, only two days later than had been expected.
Paragon Group of Companies Q1 results in line with expectations
Thu 22 January 2015 09:48
Specialist lending firm Paragon Group of Companies said its performance remained "strong" during the first quarter of the financial year. with results in line with forecasts.
Playtech full-year results in line with expectations after strong quarter
Thu 22 January 2015 09:18
Playtech said it continued to perform "strongly" during the last quarter and expects full-year results to be in line with expectations.
St James's Place funds under management rise to £52bn in 2014
Thu 22 January 2015 08:59
St James's Place (SJP) saw a 17% boost in funds under management in 2014 to a record £52bn, thanks to better than expected investment performance, analysts at Numis pointed out.
Oxford Instruments warns on profits due to tightened Russia sanctions
Thu 22 January 2015 08:35
Oxford Instruments has warned that profit for the full year will be around 24% below market expectations and will also suffer next year due to tighter European trade sanctions against Russia.
Wolseley contemplates selling French business arm
Thu 22 January 2015 08:16
Wolseley has "decided to explore exit options" for its remaining building materials business in France, where trading has been more difficult, according to a statement released on Thursday.
Tullow Oil delivers positive update on drilling onshore Kenya
Thu 22 January 2015 08:00
Tullow Oil has delivered a mostly positive update on its drilling activities onshore Kenya, with testing on a number of wells showing the presence of hydrocarbons.
EU accepts Astrazeneca's application for marketing gout treatment
Thu 22 January 2015 07:59
The European medicine regulator has approved AstraZeneca's application to market its lesinurad 200mg tablets for gout.
Balfour Beatty slashes guidance, cancels buyback and reviews dividend after KPMG review
Thu 22 January 2015 07:10
Infrastructure group Balfour Beatty has slashed its expectations for 2014 UK construction profits by a further £70m, cancelled a proposed share buyback and cast doubts over its future dividend after a review of the business by advisers KPMG.
British American Tobacco welcomes three new board directors
Thu 22 January 2015 07:05
British American Tobacco confirmed on Thursday that three new members will join its board as non-executive directors.
Royal Mail hails volume increase, but parcel competition limits revenue growth
Thu 22 January 2015 07:03
Royal Mail said it expects to meet its forecasts after a "busy festive period" with parcel numbers up 4% at 120m in December alone, though revenue growth was held back by ongoing competition across the industry.
eBay to cut 7% of staff
Wed 21 January 2015 21:39
eBay said it will cut over 2,400 positions, representing about 7% of its total workforce, the e-commerce firm said on Wednesday.
American Express Q4 earnings and revenue slightly above expectations
Wed 21 January 2015 21:17
American Express rose 0.26% in after-hour trading after announcing its fourth quarter earnings slightly beat analysts' expectations.
Uber plans to raise $1.6bn in convertible debt to finance expansion
Wed 21 January 2015 20:22
Car-booking firm Uber has reportedly raised $1.6bn in convertible debt from Goldman Sachs Group.
FXCM revises margin requirements for FX and gold
Wed 21 January 2015 19:50
Online foreign exchange provider FXCM announced on Wednesday that it will increase margin requirements on forex instruments worldwide, as well as gold in its overseas jurisdiction.
WhatsApp to be made available on desktop
Wed 21 January 2015 19:28
A web client for Chrome and Android launched on Wednesday will make mobile messaging WhatsApp available to desktop in the near future.
Windows 10 will 'win back customers' says Microsoft's CEO, as company unveils new OS
Wed 21 January 2015 18:31
Satya Nadella, Microsoft's chief executive, said the firm will use its Windows 10, its new operating system (OS) to regain customers.
Ofgem launches probe into SSE
Wed 21 January 2015 16:58
The energy regulator Ofgem is launching an investigation into energy firm SSE amid concerns it limits competition in the electricity connections market.
Ryanair announces four new routes from Stansted and increases flights to Glasgow and Edinburgh
Wed 21 January 2015 16:04
Budget airline Ryanair announced on Wednesday that it would open six new routes from London Stansted Airport.
Hochschild's 2014 production above expectations, hedges below spot prices
Wed 21 January 2015 15:10
Silver miner Hochschild said production exceeded expectations in 2014 and that it hedged 6m ounces of silver over the past 12 months.
Computacenter in line with expectations despite challenging French market
Wed 21 January 2015 14:48
IT services company Computacenter said its full-year results were in line with expectations despite to the strength of sterling against the euro during 2014.
Riverstone Energy contributes to £255m investment in Western Canadian oil
Wed 21 January 2015 14:15
Riverstone Energy, the listed London arm of giant private equity investor Riverstone Holdings, will invest C$75m (£41) as part of the C$465m funding of a new Canadian oil and gas company.
Thursday preview: How to judge the ECB's QE if it arrives
Wed 21 January 2015 14:00
The principal focus of markets around the globe on Thursday will be the European Central Bank's (ECB) widely anticipated unveiling of sovereign quantitative easing (QE).
Diploma acquisitions boost first-quarter growth, but currencies hit
Wed 21 January 2015 13:42
A first-quarter update from Diploma was solid but slightly shy of some analyst forecasts, with currency movements also hitting top-line numbers.
Cairn Energy cuts investment costs for the next two years
Wed 21 January 2015 11:57
Cairn Energy reduced its capital costs to $380m for the next two years after it concluded its farm out agreement in the Catcher development in North Sea.
Pets at Home revenues surge alongside dog grooming demand
Wed 21 January 2015 11:55
Pets at Home has revealed that the increasing popularity of dog grooming services, products and accessories bolstered revenue in the 3 months to 1 January 2015.
FirstGroup reassures with UK bus and US student turnaround
Wed 21 January 2015 11:46
Although its US Greyhound bus services suffered from increased competition, FirstGroup revealed a largely reassuring third-quarter update with full-year performance likely to be in line with expectations.
WH Smith high street sales down, but "in line with plan"
Wed 21 January 2015 10:04
WH Smith shares were down after it reported a decrease of 2% in like-for-like sales during the last 20 weeks.
Dominos confirms CFO resignation, predicts 'marginal' raise in profits before tax
Wed 21 January 2015 09:44
Dominos Pizza Group has confirmed the resignation of its chief financial officer (CFO) and executive director Sean Wilkins.
Poundland revenues grow over Christmas despite "tough conditions"
Wed 21 January 2015 09:15
British discount retailer Poundland Group has reported an increase in revenues of 10.2% during the third quarter of its financial year despite "tough conditions".
Afren in talks with lenders, looks to cut costs and spending plans
Wed 21 January 2015 09:01
Shares in Afren plunged further on Wednesday after the oil and gas group warned overnight that it was in discussions with its lenders and looking to slash costs and spending plans.
Halfords on right track ahead of Davies departure as sales beat consensus
Wed 21 January 2015 08:45
Ahead of the summer departure of chief executive Matt Davies, bikes and car parts retailer Halfords showed it is on a steady course after a strong performance in the third quarter.
Land Securities benefits from London store space shortage in third quarter
Wed 21 January 2015 08:23
Land Securities said rental values in London are rising due to a shortage of new commercial spaces.
Workspace spends £31m on two central London properties
Wed 21 January 2015 07:55
Workspace Group has put its recently raised funds to quick use with the acquisition of two London buildings that it said were in areas of strong demand and will enhance earnings.
JD Wetherspoon sales slow and margins tighten in second quarter
Wed 21 January 2015 07:46
Sales have continued to slow and margins tighten at JD Wetherspoon in December and January, with the pubs group reporting like-for-like sales growth more than halved in recent weeks compared to the first quarter.
Pearson projects rising profits, 2014 guidance maintained
Wed 21 January 2015 07:34
Financial Times owner and education publisher Pearson has projected rising profits this year as it kept its guidance for full-year earnings in 2014.
SABMiller suffers from China weakness in third quarter
Wed 21 January 2015 07:18
Despite a 4% increase in group net producer revenue (NPR) in the third quarter, SABMiller suffered more difficult trading conditions in China and North America that held back overall performance.
BHP Billiton to cut rig numbers after oil price plunge, group output rises in H1
Wed 21 January 2015 07:13
Mining giant BHP Billiton saw group production rise 9% during the first half, with records achieved for eight operations and five commodity classes.
Dixons Carphone raises profit guidance after happy Christmas
Wed 21 January 2015 07:10
After a strong Christmas trading period saw sales increase at stable margins, Dixons Carphone has increased its guidance for full year profits.
Orbitz Worldwide open to explore sale
Tue 20 January 2015 19:01
Online travel agent Orbitz Worldwide is reportedly exploring a sale and has already reached out to potential buyers.
Kirkland Lake Gold reports successful exploration process at Macassa
Tue 20 January 2015 16:45
Canadian miner Kirkland Lake Gold said its exploration proceess in the South Mine Complex (SMC) at its Macassa mine in Canada was successful.
Wednesday preview: Bank of England releases minutes of policy meeting
Tue 20 January 2015 16:41
The Bank of England (BoE) on Wednesday releases minutes of its last meeting, potentially offering further insight on the central bank's decision to keep policy unchanged.
Babcock International extends EDF nuclear contract
Tue 20 January 2015 14:52
Engineer Babcock International has won an extension to its contract to service EDF Energy's nuclear power stations in the UK.
Dairy Crest not sour after Morrisons skims supply agreement
Tue 20 January 2015 14:50
Milk products producer Dairy Crest Group has lost a third of its fresh milk supply contract with WM Morrison Supermarkets as the deal was extended for a further three years.
Eagle Eye Solutions flies after better-than-expected interim sales
Tue 20 January 2015 12:13
Eagle Eye Solutions, the digital marketing venture where ex-Tesco chief Sir Terry Leahy sits on the board, said it has exceeded internal expectations for the first half of the year by delivering a 276% increase in revenues.
3i Infrastructure sells Eversholt Rail stake to Hong Kong for healthy premium
Tue 20 January 2015 10:34
3i Infrastructure has agreed to sell its entire stake in major UK passenger and freight rolling stock owner Eversholt Rail for £358m to a Hong Kong infrastructure investor.
WS Atkins CEO joins Aggreko's board
Tue 20 January 2015 10:13
Aggreko has appointed the chief executive of WS Atkins as a non-executive director.
Capita renews contract with Sheffield City Council
Tue 20 January 2015 10:02
Professional services company Capita won on Tuesday an extension of its seven-year contract with Sheffield City Council.
Afren dealt further blow as T5 denies bid rumours
Tue 20 January 2015 09:59
Shares in oil and gas group Afren have been hit by news that rumoured suitor T5 Oil & Gas is not interested in a takeover.
William Hill records 'best ever' operating profit despite punter's fourth quarter
Tue 20 January 2015 09:52
Full year results from William Hill jumped ahead of forecasts even though the bookmaker fell at a fourth quarter hurdle as football and horse racing results favoured punters.
Petrofac wins first phase of $4bn Kuwait Oil Company contract
Tue 20 January 2015 09:35
Oil and gas services group Petrofac has won a $4bn project for Kuwait's state oil company, having received an award notification for the first phase of the Lower Fars heavy oil development programme in the north of the country.
Stock Spirits shares down as Poland pain continues
Tue 20 January 2015 09:20
Stock Spirits Group said it expected full year results to be around the lower end of the range it outlined in November as it continued to experience supply chain disruption in Poland during the last quarter.
Sky and Liberty Global join race to buy O2 from Telefonica
Tue 20 January 2015 08:53
Sky has joined the throng of UK companies bidding to buy the UK mobile operator O2 from Spanish owner Telefonica, according to local media, with US media giant Liberty Global also apparently interested in a potential purchase.
IG Group's interims impress after record second quarter
Tue 20 January 2015 08:38
Forex and spread-betting provider IG Group posted a strong set of interim results, though the surprise actions of the Swiss National Bank last week caused a wave of client currency losses that led to a £30m hit on the company and have put this year's fin
Unilever misses targets and warns of softer first quarter
Tue 20 January 2015 07:57
Fast-moving consumer goods giant Unilever saw slower growth than expected in 2014, and warned the first quarter of 2015 would be softer than than last year but that growth would improve during the year.
Rio Tinto fourth quarter production disappoints
Tue 20 January 2015 07:45
Rio Tinto finished the year with weak fourth quarter results roughly in-line with expectations, with the Anglo-Australian mining giant's production of most metals down on the previous quarter.
LondonMetric acquires East London facility for £56.5m
Tue 20 January 2015 07:36
LondonMetric Property has acquired a East London distribution facility Eddie Stobart from Meaalofa Developments Holdings for £56.5m.
Balfour Beatty appoints new CFO Philip Harrison
Tue 20 January 2015 07:19
Infrastructure firm Balfour Beatty has appointed Philip Harrison as its new chief financial officer (CFO).
EE to refund customers after VAT overcharge
Mon 19 January 2015 18:26
Mobile phone operator EE has confirmed a "small" number of customers will be entitled to share a refund of approximately £1m after they were wrongly charged VAT.
Aviva could cut 1,500 jobs following Friends Life takeover
Mon 19 January 2015 16:11
Insurance company Aviva said it could cut 1,500 jobs following its £5.93bn planned takeover of Friends Life.
Tuesday preview: IG Group reports half year results
Mon 19 January 2015 15:21
IG Group reports its first half results amid reports that the spread betting firm took a hit from the Swiss National Bank's (SNB) shock policy decision.
Afren stabilises after Seplat wins takeover deadline extension
Mon 19 January 2015 14:59
Shares in FTSE 250 oil group Afren have been injected with new momentum after Seplat Petroleum Development, its Nigeria-based suitor, successfully applied for a 11-day deadline extension to agree a merger or takeover deal.
Beale to accept cut-price takeover offer from Perloff
Mon 19 January 2015 14:04
Department store operator Beales has reluctantly accepted a takeover offer from property entrepreneur Andrew Perloff.
Centrica's British Gas to cut household gas bills 5%
Mon 19 January 2015 11:11
British Gas, the UK energy supplier owned by Centrica, has promised to cut its residential gas prices by 5% due to the recent fall in wholesale prices.
Rating agency Moody's talks UK mobile consolidation
Mon 19 January 2015 10:22
After Monday's speculation that talks may take place between Telefonica and Hutchinson for the sale of O2UK to the latter, analysts at rating agency Moody's have responded.
Kier Group reveals it has won £145m in Middle Eastern contracts
Mon 19 January 2015 08:17
Construction firm Kier Group has won contracts in the Middle East worth more than £145m since the beginning of the calendar year.
Evraz reports drop in full-year production
Mon 19 January 2015 08:13
Evraz said full-year production was hurt by the disposal of the company's Vitkovice Steel in the Czech Republic and the shutdown of Evraz Claymont operations in the US.
Ferrexpo lowers costs but results hit by iron ore plunge
Mon 19 January 2015 07:57
Ukraine-focused iron ore producer Ferrexpo said revenues and profits for the first three quarters of 2014 were slightly behind the prior year, though results were slightly better than analysts had feared.
Pubs group Greene King delivers subdued Christmas update
Mon 19 January 2015 07:36
Pub operator and brewer Greene King said sales over the key Christmas period were "encouraging", though trading before and after the festive season was mixed.
Balfour Beatty wins £1.5bn contract for Scape Group national framework
Mon 19 January 2015 07:18
Infrastructure firm Balfour Beatty has been appointed sole contractor to a new £1.5bn framework that will run until February 2019.
Telefonica in talks with Hong Kong tycoon over sale of O2, reports claim
Sun 18 January 2015 18:45
Spanish telecommunications giant Telefonica has reportedly entered talks with Hong Kong magnate Li Ka-shing over a potential sale of O2.
Life sciences prove popular with venture capitalists
Sun 18 January 2015 18:26
UK companies focused on life sciences last year saw a 41% jump in venture capital (VC) funding, a report has claimed.
Trading in Jefferies' parent firm Leucadia halted pending news
Fri 16 January 2015 18:15
The 'after-effects' of the Swiss central bank's decision to unexpectedly end its three-year old policy of currency interventions continued to be felt in global capital markets on Friday evening, as trading in shares of the holding company Leucadia were ha
Interactive Brokers recovers from weakness after SNB decision
Fri 16 January 2015 17:00
Clients of Nasdaq-listed Interactive Brokers Group suffered approximately $120m in losses on Thursday as a result of the Swiss National Bank's (SNB) decision to suspend its policy of currency market interventions to limit gains in the country's currency.
FXCM in talks with Jefferies over $200m cash rescue, reports claim
Fri 16 January 2015 16:18
US retail foreign-exchange brokerage FXCM has entered discussions with Jefferies to raise $200m, according to new reports.
London Capital Group currency losses "not more than £1.7m" after Swiss exchange rate cut
Fri 16 January 2015 15:39
London Capital Group Holdings on Friday released a statement saying the impact on its finance from the Swiss exchange rate cut would "not exceed £1.7 million".
Alpari UK declares insolvency after Swiss franc surge
Fri 16 January 2015 13:30
Alpari UK has declared insolvency as a result of the losses incurred by clients following the surge in the Swiss franc on Thursday.
HSBC to investigate reports that Hong Kong customers benefited from Swiss franc error
Fri 16 January 2015 10:14
HSBC said it was investigating reports that customers in Hong Kong managed to buy the Swiss franc below market rates, due to a technical glitch.
Spectris like-for-like sales grow in Q4
Fri 16 January 2015 08:28
Instrumentation and controls developer Spectris saw full-year reported sales for 2014 fall 2% year-on-year because of acquisitions and strong currency headwinds, but registered underlying growth after a decent fourth quarter.
Synthomer on track for FY target as strong demand in Asia boosts Q4 trading
Fri 16 January 2015 08:07
Chemical firm Synthomer said that despite lower demand through November and December unit margins improved due to a decline in the price of raw materials.
Moneysupermarket sees Q4 slowdown but delivers double-digit full-year growth
Fri 16 January 2015 08:01
Increasing demand for price-comparison services resulted in a decent fourth-quarter performance from website group Moneysupermarket.com, though growth did tail off towards the end of the year.
JD Sports to beat profit forecasts after strong Christmas sales
Fri 16 January 2015 07:20
The chairman of JD Sports Fashion said he was "delighted" with the sportswear retailer's performance over Christmas as the company raised its profit outlook for the full year.
BP fine for Gulf of Mexico spill $4bn lower than expected
Fri 16 January 2015 07:14
Oil giant BP faces a maximum penalty $13.7bn under the Clean Water Act, after the District Court for the Eastern District of Louisiana ruling on the Deepwater Horizon case has found that 3.19m barrels of oil were discharged in the Gulf of Mexico in 2010.
Ernst & Young to replace PwC as Sainsbury's auditor from 2016
Fri 16 January 2015 07:02
Supermarket chain Sainsbury's said it intends to appoint Ernst & Young LLP as the group's auditor for the financial year ending 12 March 2016.
Afren shares surge as Seplat builds war chest for acquisitions
Thu 15 January 2015 17:30
The share price of FTSE 250 oil group Afren, which plummeted earlier in the week, soared late on Thursday after potential bidder Seplat secured the option to raise $700m of debt to fund acquisitions.
IG says currency losses "not more than £30m" after Swiss franc unpegged
Thu 15 January 2015 15:41
Spread-betting and CFD provider IG Group rushed out a statement after Switzerland's surprise scrapping of its currency peg against the euro to say the huge swings in the value of the Swiss franc and other currencies to say the impact on its finances would
Friday preview: Eurozone and US inflation data in focus
Thu 15 January 2015 15:17
A final revision on the Eurozone consumer price index (CPI) is expected to confirm deflation in December, adding pressure on the European Central Bank (ECB) to take more action.
Trading revenue decline hits Bank of America profit
Thu 15 January 2015 13:27
A decline in revenue from trading and lending saw Bank of America's fourth quarter profit sank 11% year-on-year, despite strong expense controls.
Rolls-Royce wins $1.1bn engine contract from Spanish carrier
Thu 15 January 2015 13:07
Engine maker Rolls-Royce has won a contract to provide $1.1bn worth of engines and long-term support services for new aircraft ordered by Spain's third largest airline.
RBS rocked by new loan mis-selling scandal, EFG compensations under review
Thu 15 January 2015 10:15
Another mis-selling scandal has engulfed Royal Bank of Scotland after it confessed to misleading some small business customers as part of the £2.3bn of loans the bank has made under the Enterprise Finance Guarantee (EFG) scheme.
Great Portland Lettings enjoys "successful" quarter due to strong lettings
Thu 15 January 2015 09:15
Great Portland Estates said it had a successful quarter to the end of December with 116,300 square feet of lettings.
HICL acquires further incremental investments for £8.1m
Thu 15 January 2015 09:06
Infrastructure investment company HICL Infrastructure has acquired further equity interests in two of its existing projects for £8.1m.
Bovis reports increase in profitability ahead of FY results
Thu 15 January 2015 08:36
An increase in the number of houses sold and a rise in the average sales price, saw Bovis Homes Group report improved profitability in 2014.
Vodafone's chief technology officer steps down
Thu 15 January 2015 08:09
Vodafone's chief technology officer Steve Pusey is retiring from the company on 31 July 2015, according to a statement on Thursday.
Booker resilient to food retail woe, but analysts disappointed
Thu 15 January 2015 08:06
Food wholesaler Booker continues to remain resilient to the struggles facing the wider food retail sector after delivering a solid increase in underlying sales in its third quarter.
Home Retail dashes hopes as Argos sales fall flat
Thu 15 January 2015 08:06
Citing a volatile trading environment, Home Retail assured that full year pre-tax profit remained on target despite flat sales at Argos falling short of City forecasts as Black Friday proved a disruptive force.
Savills lifts forecasts after strong December
Thu 15 January 2015 07:55
Strong performances across its businesses in December saw real estate advisor Savills revise its full year estimates upward.
Centamin appoints new CEO
Thu 15 January 2015 07:42
Andrew Pardey has been appointed as the new chief executive (CEO) of gold miner Centamin, the company said on Thursday.
Experian on track after flat revenue in third quarter
Thu 15 January 2015 07:18
Organic revenue for the three months to 31 December was flat at information services group Experian, in line with expectations as US consumer pain continued.
Tullow takes massive write-down as profits halve in 2014
Thu 15 January 2015 07:11
Tullow Oil said write-offs and impairment charges for 2014 would total billions of dollars after profits more than halved last year due to the collapse in crude prices.
Associated British Foods earnings warning sugared by Primark recovery
Thu 15 January 2015 07:08
Although its Primark retail division recovered strongly after a slow autumn, Associated British Foods warned of a "marginal" decline in full year earnings due to the strength of sterling coming on top of the expected large profit reduction at its sugar bu
Rexam announces Central America expansion
Thu 15 January 2015 07:01
Beverage cans producer Rexam has completed an investment in Envases Del Istmo SA (Endelis), a single line beverage can plant in Colón, Panama.
Tesco's credit rating downgraded to 'junk' by S&P
Wed 14 January 2015 15:49
Standard & Poor's has followed in the footsteps of fellow ratings agency Moody's as it downgraded its rating on Tesco's debt to the equivalent of 'junk'.
Thursday preview: Retail reports due from Primark and Argos owners
Wed 14 January 2015 15:26
In a quiet day for economic data, Thursday should see corporate announcements dominate the news, as blue chip stocks, Associated British Foods (ABF), Experian and Tullow are due to update the market on recent events, along with trading updates from Booker
Provident Financial full-year profits in line with expectations
Wed 14 January 2015 12:11
Provident Financial on Wednesday said it expects full-year results to be in line with expectations driven by strong growth in its Vanquis Bank.
Premier Oil driven to cut spending by 40% due to crashing oil prices
Wed 14 January 2015 11:23
Oil and gas explorer Premier Oil has been forced to cut spending on development to $600m and label its budget "subject to further review" due to plummeting oil prices.
Dechra Pharmaceuticals revenues rise on US expansion
Wed 14 January 2015 09:48
Veterinary drug maker Dechra Pharmaceuticals has unveiled a glossy-coated first-half trading update, in line with expectations following a year of expansion in the US.
Game Digital fizzles lower after overnight profit warning
Wed 14 January 2015 09:18
Video game and console retailer Game Digital, in an early Christmas trading update released after hours on Tuesday, warned that profits would be lower than it previously guided due to intense competition eroding hardware margins.
Ocado sales up 15% in December
Wed 14 January 2015 09:11
Online grocery specialist Ocado Group said gross sales were up 14.8% in December versus last year, the company said on Wednesday.
Just Eat delivers 50% orders increase
Wed 14 January 2015 08:23
Just Eat, the digital marketplace for takeaway food, said the number of orders it processed last year was 50% higher than the year before.
Cineworld expects annual profits to hit top end of forecasts
Wed 14 January 2015 08:16
Cineworld said it expects annual profits to reach towards the top end of market consensus, driven by a strong performance in the UK and Ireland.
British Land reassures about Cheesegrater bolts as leases reach 70%
Wed 14 January 2015 08:04
British Land said it has now agreed to fill 70% of The Leadenhall Building, known as the Cheesegrater, and has sought to reassure that three fractured bolts in the skyscraper were not affecting the structural integrity of the building.
AstraZeneca hails success in Brilinta cardiovascular trial
Wed 14 January 2015 08:02
A large-scale clinical trial of AstraZeneca's Brilinta tablets for patients with a history of heart attack has been successful in proving its effectiveness, the drug developer said.
Jupiter Fund Management disappoints with flat AuM growth
Wed 14 January 2015 07:59
A somewhat disappointing fourth-quarter trading update from Jupiter Fund Management showed market performance was the only contribution to moderate growth in funds under management.
Barratt Developments eyes 'significant' year as pipeline nears six-year high
Wed 14 January 2015 07:34
Following updates from several housebuilders since the start of the year, Barratt Developments followed suit and reported a strong performance in the six months to the end of December, saying it was on track for another "significant improvement" in its fi
Burberry sees growth accelerate in Q3, but Asia hit by Hong Kong slowdown
Wed 14 January 2015 07:22
Burberry said it delivered a "strong" performance in its third quarter with reported growth rates accelerating, but highlighted a slowdown in the high-margin market of Hong Kong.
Supergroup confident after strong Christmas online
Wed 14 January 2015 07:08
After a tortuous 2014, Supergroup finished the calendar year strongly under new chief executive Euan Sutherland with a Christmas trading period that underpinned its full year profit guidance.
Cairn Energy says 2015 focus on North Sea and Senegal
Tue 13 January 2015 15:57
FTSE 250 oil company Cairn Energy said 2015 will see it focus on its North Sea development projects and further exploration and appraisal offshore Senegal after slimming down staff numbers.
Sainsbury's to cut 500 jobs in discounter price war
Tue 13 January 2015 15:36
Sainsbury's will slash 500 jobs from store support centres in an effort to cut costs and compete with the discounters.
Wednesday preview: Barratt Developments update and US retail sales in focus
Tue 13 January 2015 15:28
Housing group Barratt Developments reports its half-year trading update amid signs of a cool down in the UK property market.
Galliford Try secures £31.2m construction project in Scotland
Tue 13 January 2015 15:14
Galliford Try's Scottish business Morrison Construction has secured a £31.2m contract to build a school in Cumbernauld, North Lanarkshire.
UK Mail results helped by City Link collapse
Tue 13 January 2015 14:11
Parcel and letter delivery group UK Mail said trading at its core businesses was in line with expectations during the third quarter of the year helped by the demise of its rival City Link.
Rathbone Brothers funds under management climb higher in Q4
Tue 13 January 2015 14:09
Although markets stumbled in the final few months of the year, funds under management (FUM) at wealth management group Rathbone Brothers continued to their serene march higher.
Ashmore suffers emerging market sell-off, warns recovery unlikely in short-term
Tue 13 January 2015 11:15
A sharp sell-off in December hit second-quarter figures for Ashmore Group, the emerging markets investment specialist, dragging assets under management (AuM) lower than analyst expectations.
Michael Page reports growth in all its markets
Tue 13 January 2015 11:09
Recruitment group Michael Page said it enjoyed a 12.9% profit growth during the last quarter of the year, with double digit contributions from all the regions where it operates.
Big Yellow Group reports loss in occupancy during third quarter
Tue 13 January 2015 10:27
Big Yellow Group reported an increase in revenues during the third quarter of the year despite a fall in occupancy.
Spire Healthcare expects positive maiden results
Tue 13 January 2015 09:18
Spire Healthcare Group said its revenues and profits for the first financial year as a public company have grown thanks to good performance from its hospitals.
Pace pacifies with record December revenues but analysts' concerns remain
Tue 13 January 2015 08:53
Television set-top box (STB) specialist Pace said full-year revenues would beat its previous targets after a record fourth quarter, however analysts were concerned its markets were tipping into structural decline.
SIG expects 2014 pre-tax profit ahead of consensus
Tue 13 January 2015 08:23
Building products distributor SIG has said it expects 2014 pre-tax profit to be marginally ahead of market consensus thanks to strong demand in both residential and commercial segments.
ASOS shares jump as retailer reports rise in Christmas trading, driven by UK sales
Tue 13 January 2015 08:12
ASOS reported a 15% rise in retail sales over Christmas, driven by UK demand.
Greggs beats expectations with meaty Christmas treat
Tue 13 January 2015 08:05
A very strong post-Christmas update from meaty treats retailer Greggs led management to boast that full year results will beat current expectations.
Debenhams drops despite record Christmas as margins disappoint
Tue 13 January 2015 07:40
Despite a record Christmas, high street department store Debenhams has scaled back its forecast for margin improvement due to strong sales of lower-margin products over the festive period and a poor clothing performance.
Meggitt wins marksmanship training deal with US Marine Corps
Tue 13 January 2015 07:32
Aerospace, defence and energy engineer Meggitt has won a $31.7m contract with the US Marine Corps (USMC) for indoor simulated marksmanship training systems.
Morrison's CEO Dalton Phillips axed after paltry Christmas sales
Tue 13 January 2015 07:23
Morrison's has given chief executive Dalton Philips the axe after he oversaw the worst Christmas performance of the Big Four supermarket groups, although sales were not as bad as the City expected.
Standard Chartered may need $4.4bn boost to cover losses
Mon 12 January 2015 15:49
Standard Chartered could require $4.4bn extra to cover losses from commodities loans, which could force the bank to take on billion-dollar investments, according to analysts.
Tuesday preview: UK inflation to fall below 1% after oil price plunge
Mon 12 January 2015 15:33
UK inflation figures on Tuesday are expected to show growth below 1% for the first time since June 2002 amid falling oil prices.
Eckoh extends contract with Transport for London
Mon 12 January 2015 14:58
Support services Eckoh has won a four-year agreement with Transport for London (TfL) where it will handle over 15m inbound calls made to the city's transport system every year.
Nationwide Accident shares rise driven by positive trading update
Mon 12 January 2015 12:27
Nationwide Accident Repair Services said its full-year profits are expected to be ahead of previous forecasts.
HSS Hire reveals £103m IPO funding plans
Mon 12 January 2015 10:58
Tool hire firm HSS Hire Group has announced plans to float on the London stock market from February, in a bid to reduce its debt and roll out more 'local format' stores.
Quindell soars after appointing new chairman
Mon 12 January 2015 09:46
Technology and outsourcing group Quindell has appointed Richard Rose a non executive chairman, to replace Robert Terry, who left the group two months ago.
Jaguar to create 1,300 new jobs in the West Midlands
Mon 12 January 2015 09:01
Carmaker Jaguar Land Rover will create 1,300 jobs to build its first sports utility vehicle (SUV) at its Solihull plant in the West Midlands.
Betfair soars after capital reorganisation
Mon 12 January 2015 08:21
Online betting and gaming operator Betfair has announced that its capital reorganisation is expected to be implemented from Monday.
AO World shares surge after strong festive sales growth
Mon 12 January 2015 08:20
Electrical appliances seller AO World saw shares jump on Monday after saying it was confident of hitting full-year expectations following impressive revenue growth in the third quarter and strong demand seen on Black Friday.
Hikma Pharmaceuticals hiked by court colchicine ruling
Mon 12 January 2015 08:08
A US court has given Hikma Pharmaceuticals permission to distribute its colchicine gout treatment, turning down rival Takeda Pharmaceuticals in its appeal for an injunction against the distribution of the drugs.
Pace appoints new CFO
Mon 12 January 2015 07:53
PayTV and broadband service products developer Pace has appointed Mark Shuttleworth as its new chief financial officer (CFO), the company said on Monday.
Afren considering "strategic options" for Kurdistan project as resources revised lower
Mon 12 January 2015 07:33
Oil and gas group Afren said it is looking at its "strategic options" for its 60% interest in the Barda Rash field, after analysis of the Kurdistan project showed a "material reduction" in reserve estimates.
Taylor Wimpey lifts margin guidance, expects "positive" 2015
Mon 12 January 2015 07:11
Housebuilder Taylor Wimpey said trading stabilised somewhat in the second half of 2014 as house-price growth eased, but painted an upbeat picture of the UK housing market as it lifted its margin guidance slightly.
Unite Group acquires site in Coventry
Mon 12 January 2015 07:11
Developer and manager of student accommodation Unite Students, part of Unite Group, has acquired a development site in the centre of Coventry, which is expected to house up to 280 students.
Shire acquires US rival NPS Pharmaceuticals for $5.2bn
Mon 12 January 2015 07:03
Biopharmaceutical group Shire has announced it will acquire NPS Pharmaceuticals for $5.2bn in cash, a long-rumoured target.
IAG could have to pay over £1bn for Aer Lingus
Sun 11 January 2015 10:41
One of Aer Lingus' largest institutional shareholders has warned that International Airlines Group (IAG) might have to pay as much as €1.6bn (£1.25bn) to take over the Irish carrier.
Morrisons feels the pinch over Christmas
Sun 11 January 2015 10:21
Retailer Wm Morrison is expected to announce that it was the worst-performing supermarket among the industry's big four over the Christmas season.
Mark Zuckerberg promises Facebook will defend free speech after Charlie Hebdo attack
Fri 09 January 2015 16:21
Facebook founder Mark Zuckerberg has promised that the social network will always defend free speech in an official response to the recent Parisian attack on Charlie Hebdo.
Old Mutual purchases 23.3% stake in UAP Holdings
Fri 09 January 2015 11:35
Investment, insurance and banking company Old Mutual has taken a 23.3% stake in East and Central African financial services company UAP Holdings for $97.6m (£64.1m).
Catlin's £2.8bn takeover by XL confirmed, full dividends to be paid
Fri 09 January 2015 11:27
The takeover of FTSE 250-listed insurance underwriter Catlin by US rival XL Group for an improved £2.8bn has been confirmed, with a final dividend to be paid before the deal completes.
Coca-Cola to cut 1,800 jobs worldwide
Fri 09 January 2015 09:44
Drinks giant Coca-Cola has announced it will slash up to 1,800 jobs worldwide as part of a new cost-cutting strategy.
Santander UK parent bank plunges 10% on capital hike plans
Fri 09 January 2015 09:28
Banco Santander, Spanish parent company of Santander UK, returned to trade on Friday with a 10% crash after announcing a capital hike.
Tesco hit by Moody's downgrade to junk status
Fri 09 January 2015 08:58
Tesco's shares gave up some of Thursday's gains on Friday morning trading after credit rating agency Moody's cut the UK grocer's corporate debt to 'junk' overnight.
Unite Group property valuations rise in third quarter
Fri 09 January 2015 08:02
Student accommodation developer and manager Unite Group said the value of its two property portfolios rose by 1.2% and 1.4% in the third quarter.
The Restaurant Group serves up growth as ordered
Fri 09 January 2015 07:56
The Restaurant Group, the owner of Frankie & Benny's, Garfunkel's and Chiquito eateries, said tasty like-for-like sales over the Christmas period have ensured that full year results will meet the market's forecasts for 'material growth'.
Riverstone Energy invests in newly formed Riverstone Credit Opportunities
Fri 09 January 2015 07:46
Riverstone Energy is investing alongside its parent company, New York-based energy buyout firm Riverstone Holdings, in the newly formed Riverstone Credit Opportunities (RCO).
SSP first quarter trading in line with expectations
Fri 09 January 2015 07:32
Food and beverage operator SSP said its overall trading in the first quarter has been in line with expectations, thanks to strong performances in the UK, North America and the Middle East.
Laird confident on outlook after 'good progress' in Q4 as Apple gears up
Fri 09 January 2015 07:03
Electronic components supplier Laird, a key supplier for Apple's devices, announced its confidence in meeting expectations for full year results after a good fourth quarter.
Audioboom signs agreement with Cloud Africa
Thu 08 January 2015 16:01
Digital social media platform Audioboom secured an agreement with Cloud Africa, an African mobile content aggregator.
Friday preview: Labor Department releases US non-farm payrolls report
Thu 08 January 2015 15:34
The all-important US non-farm payrolls report on Friday is expected to show employers added 240,000 more jobs in December compared to November's 321,000 gain.
Sky renews England cricket television deal with ECB
Thu 08 January 2015 11:51
Sky has extended the contract for its Sky Sports division to remain the exclusive broadcaster of England cricket matches until 2019.
SVG to receive over £30m from Permira's sale of Hugo Boss stake
Thu 08 January 2015 11:38
Private equity investor SVG Capital said it expects to receive about £31.3m from Permira IV's sale of a stake in Hugo Boss.
Rentokil Initial completes three acquisitions
Thu 08 January 2015 10:51
Support services firm Rentokil Initial has made three overseas acquisitions, one in remedial property care in the UK and two overseas pest control businesses.
Spirent Communication's shares rise after better-than-expected order intake
Thu 08 January 2015 10:18
Technology company Spirent Communications said its order intake exceeded the group's expectations during the last quarter of the year of 2014.
BTG confirms completion of US PneumRx pulmonology business
Thu 08 January 2015 10:04
Specialist healthcare company BTG said it had completed its acquisition of US interventional pulmonology business PneumRx, which will cost the FTSE 250 group up to £315m.
Dunelm revenues up despite rising costs
Thu 08 January 2015 09:10
Dunelm Group, a homewares retailer, said its revenues increased during the first half of the financial year despite a rise in operating costs.
Grafton revenue rise 9.5% amid favourable trading conditions
Thu 08 January 2015 08:46
Favourable trading conditions and sustained recovery in Ireland enabled DIY and building group Grafton to nail full year revenues and profits in line with expectations.
Ted Baker reports jump in retail sales over holiday season
Thu 08 January 2015 08:21
Ted Baker reported a 22.8% rise in retail sales over the holiday period as shoppers stocked up for the festive season, according to a trading update on Thursday.
Hays boosted by demand for permanent staff in UK, Europe and Asia
Thu 08 January 2015 08:17
Strong demand for permanent staff in the UK, Asia and Europe saw recruitment group Hays post an 11% increase in underlying second-quarter fees.
Halfords hits skids as CEO Matt Davies resigns to join Tesco
Thu 08 January 2015 08:03
News that Tesco had poached Halfords chief executive Matt Davies, sent shares in the bicycling and car parts retailer skidding downwards on Thursday.
CRH portfolio shake-up "well underway" as group eyes acquisitions
Thu 08 January 2015 08:01
Building materials group CRH said its multiyear €1.5bn-2bn divestment programme announced last August was "well underway" after it sold off 16 assets in 2014.
Howden Joinery lifts profit expectations
Thu 08 January 2015 08:00
Retailer Howden Joinery fired out an unscheduled trading statement to reveal that it expected profits for the full year will beat market expectations.
TalkTalk acquires Tesco Broadband and Blinkbox
Thu 08 January 2015 07:40
Telecom group TalkTalk has acquired Tesco Broadband and the retailer's on-demand video service Blinkbox for an undisclosed amount.
Marks & Spencer disappoints with womenswear sales in third quarter
Thu 08 January 2015 07:09
Womenswear sales at Marks and Spencer over the Christmas period were significantly worse than had been expected by City analysts, dragging general merchandise (GM) sales down badly as bad weather and distribution issues clouded the third quarter.
British Land sells portion of retail and office portfolio
Thu 08 January 2015 07:02
Real estate investment trust British Land has sold a retail and office portfolio in an off-market deal to Legal & General Property for £219.6m.
Tesco to close stores and cut prices as turnaround plan unveiled, shares surge
Thu 08 January 2015 06:44
Tesco saw its share price surge on Thursday after the company announced it would cut costs, close 43 unprofitable stores, lower prices and move its head office, as part of chief executive Dave Lewis's plan to revive the struggling supermarket chain.
Escher expects interim results below market expectations
Wed 07 January 2015 10:12
Escher Group Holdings shares slumped on Wednesday after it said it expected full-year revenues to be down due to a setback in negotiations for a license agreement.
Galliford Try says Miller integration substantially ahead of plan
Wed 07 January 2015 09:06
Homebuilder and construction outfit Galliford Try saw a solid performance over the six months to 31 December, with unit completions rising 12.5% and the integration of the recently acquired Miller Construction proceeding substantially ahead of plan.
Keller lands Singapore Changi airport deal
Wed 07 January 2015 08:26
Shares in engineer Keller Group were up 1.2% on Wednesday morning after it was awarded a £28m contract at Changi Airport in Singapore.
Aggreko signs two-year contract to provide power in Argentina
Wed 07 January 2015 08:08
Temporary power provider Aggreko has signed a two-year contract with Energia Argentina and extended another deal in Africa.
Persimmon sees 'strong momentum' as full year sales rise 23%
Wed 07 January 2015 08:08
In a strong pre-close update, housebuilder Persimmon revealed a 23% increase in full year revenues to £2.6bn and said it was confident of delivering strong growth in annual pre-tax profits and cash generation.
Sainsbury's Christmas sales fall less than expected as price war heats up
Wed 07 January 2015 07:04
Despite a record-breaking Christmas week, Sainsbury's third-quarter like-for-like sales declined 1.7%, though this beat City expectations of a 3.2% fall, and the grocer announced a new investment in lowering 700 prices.
Wednesday preview: Eurozone deflation on the cards, analysts predict
Tue 06 January 2015 16:21
The spotlight will shine on Eurozone inflation figures on Wednesday as the European Central Bank's (ECB) policy meeting looms.
C&C confirms end of Spirit pursuit, leaving way clear for Green King
Tue 06 January 2015 15:29
Irish drinks maker C&C Group has called off its pursuit of Spirit Pub Company, as recently rumoured, leaving the way clear for Greene King to complete its recommended £723m takeover.
Waitrose reports Christmas sales boost, as analysts eye Ocado fallout
Tue 06 January 2015 12:41
The first of the major supermarkets to update on Christmas trading, upmarket grocer Waitrose, part of the John Lewis group of companies, lifted like-for-like sales by 2.8%.
WPP invests $250m in sports marketing firm
Tue 06 January 2015 12:10
Advertising and public relations giant WPP will invest $250m in a sports marketing firm created by George Pyne, former president of IMG Sports and Entertainment.
Grocery price war explodes as Asda invests £300m, Tesco and Sainsbury to follow suit
Tue 06 January 2015 11:45
The UK supermarket price war echoed to the latest shots fired on Tuesday morning as Asda ploughed its largest ever investment into grocery price cuts and Tesco and Sainsbury were rumoured to be in the midst of their own significant price investments.
Hunting confirms plans to sell Gibson subsidiary
Tue 06 January 2015 11:33
Energy services Hunting on Tuesday confirmed it plans to sell its shipping subsidiary EA Gibson to an employee benefit trust.
Rolls-Royce car sales up 12% in 2014
Tue 06 January 2015 09:26
Rolls-Royce Motor Cars broke its sales record for the fifth consecutive year in 2014 with the US being the biggest individual market.
LondonMetric acquires Tesco's Croydon 'dark store'
Tue 06 January 2015 08:29
LondonMetric Property has acquired one of Tesco's four London 'dark store' distribution warehouses for £21.1m to increase retail distribution to 44% of the group's portfolio.
Galliford Try wins £48.5m contract to build community campus
Tue 06 January 2015 08:16
Galliford Try has reached an agreement on a £48.5m contract with the Highland Council to build community campus in Wick, Scotland, with an ongoing services contract.
Entertainment One buys stake in Hollywood studio JV for $133m
Tue 06 January 2015 07:34
Entertainment One (ETO) has spent $132.6m to buy 51% of a joint venture with Hollywood film and television producer Marc Gordon, maker of 'Saving Private Ryan', 'Speed' and 'Grey's Anatomy'.
Senior appoints new CEO, poached from Cobham
Tue 06 January 2015 07:27
Defence, aerospace and energy manufacturing firm Senior has poached Cobham's chief operating officer (COO) as its new chief executive officer (CEO), replacing Mark Rollins who is due to step down after 17 years with the group.
Meggitt buys IP-laden valves business PECC for $44m
Tue 06 January 2015 07:17
Aerospace engineer Meggitt has strengthened its industrial valve offering with the $44m cash acquisition of California-based Precision Engine Controls Corporation, which serves the oil and gas and power generation industries.
Bunzl buys Tillman to expand US safety business
Tue 06 January 2015 07:15
Distribution group Bunzl has expanded its safety business in North America with the acquisition of California-based Blake H Brown, which trades as Tillman.
Tuesday preview: Service-sector activity reports take focus
Mon 05 January 2015 15:19
Tuesday's agenda will see an influx of service-sector activity reports for Japan, China, the Eurozone, the UK and the US.
Aveva acquires 8over8 for £27m
Mon 05 January 2015 14:41
Computer software and engineering services developer Aveva has completed the acquisition of 8over8 Limited for £26.9m.
Analysts warn BP to incur in first ever loss in Russia
Mon 05 January 2015 11:01
As a result of the drop in the oil price and the depreciation of the Russian currency, the rouble, BP will incur in a sizeable fourth quarter loss on its stake in Russian peer Rosneft.
Gulf Keystone reaches production target in Kurdistan
Mon 05 January 2015 10:50
Oil producer Gulf Keystone Petroleum (GKP) said that its existing production facilities in Shaikan are now producing from seven wells.
Rockhopper gets 40% stake in Croatian offshore block
Mon 05 January 2015 07:57
Oil group Rockhopper Exploration has been awarded a 40% stake in Block 9 offshore Croatia, joining operator Eni in an area with proven hydrocarbons.
Ryanair traffic grows 20% in December
Mon 05 January 2015 07:43
The increased number of travellers, typical of the festive season, saw the traffic of budget airline Ryanair grow 20% to over 6m passengers in December.
Galliford Try wins £45.2m deal with NHS Lothian
Mon 05 January 2015 07:02
Morrison Construction, a subsidiary of British housebuilder Galliford Try, has secured a £45.2m deal to build and operate the first phase of the redevelopment of the Royal Edinburgh Hospital.
Black Friday momentum makes it a happy Christmas for John Lewis
Sun 04 January 2015 13:41
John Lewis rode the wave generated by Black Friday sales into the Christmas period, reporting a 5.8% year-on-year increase in sales for the five weeks to 27 December.
Tesco, Sainsbury's and M&S hit by Christmas blues
Sun 04 January 2015 11:33
Sainsbury's, Tesco and Marks & Spencer are set to report a decline in Christmas sales this week.
RBS worried US fines for mortgage-backed securities may top £7bn
Fri 02 January 2015 13:55
The £2bn provision set aside by Royal Bank of Scotland to pay fines in the US for marketing of toxic mortgage-backed securities could be more than three times too small, according to sources at the bank.
Barclays completes sale of Spanish business to CaixaBank
Fri 02 January 2015 11:45
Barclays has completed the sale of its Spanish subsidiary for an estimated €800m (around £630m) in cash.
Snapchat valued at 10bn dollars after prolific fundraising in 2014
Fri 02 January 2015 11:38
Snapchat announced on Thursday that it had raised nearly half a billion dollars in funding from 23 investors, resulting in a valuation for the company of $10bn.
Collapsed courier firm City Link makes 2,356 staff redundant
Fri 02 January 2015 10:41
The administrators of collapsed parcel courier City Link are making 2,356 of its staff redundant.
Spotify streaming hampers iTunes sales as UK music downloads decline
Fri 02 January 2015 10:39
Sales of digital albums and singles fell for the first time in Britain over 2014, according to data from the Entertainment Retailers Association.
High waves and strong winds slow AirAsia search mission
Fri 02 January 2015 10:04
Three-metre high waves and wind exceeding 40 knots have delayed the recovery of bodies and aircraft fuselage from the crashed AirAsia flight 8501.
Bookmaker Paddy Power gets new boss
Fri 02 January 2015 07:40
Irish bookmaker Paddy Power has a new chief executive after former boss Patrick Kennedy stepped down.
Aggreko's new chief executive starts his job
Fri 02 January 2015 07:27
Power generator rental group Aggreko has announced that its new chief executive took up his position on Friday.
Afren reclaims $20m from dismissed directors
Fri 02 January 2015 07:17
Africa-focused oil explorer Afren has successfully drilled its former chief executive and chief operating officer for more than $20m after they were dismissed for gross misconduct after receiving unauthorised payments.
Quindell set to sell operating division to raise cash
Fri 02 January 2015 07:17
Controversial business services group Quindell is set to sell some of its divisions as part of a drive to boost working capital.
BG Group receives $350m payment from Egyptian government
Fri 02 January 2015 07:04
The Egyptian government has made a payment of the equivalent of $350m to BG Group as part of an agreement to repay debts.
London IPOs hit seven-year high as 138 firms float in 2014
Wed 31 December 2014 11:01
Stock market flotations in London reached a seven-year high in 2014 despite a number of high-profile initial public offerings (IPOs) being pulled because of a saturated market.
Tesco executive pay committee boss quits
Wed 31 December 2014 08:08
Troubled supermarket group Tesco is changing the chief of its executive pay committee.
IP Group invests £1m in Vijay Kumar robotics spin-out from Penn University
Wed 31 December 2014 07:22
Intellectual property commercialisation firm IP Group has invested £1m for a significant minority stake in drone aircraft developer Exyn Technologies, its first spin-out company from its relationship with the University of Pennsylvania.
Capital & Regional set for tax breaks after converting to REIT
Wed 31 December 2014 07:19
Shopping centre developer Capital & Regional (C&R) is set to benefit from tax breaks after converting to a real estate investment trust (REIT).
BP announces first oil in central North Sea
Tue 30 December 2014 13:53
Oil major BP has launched production from the Kinnoull field in the central North Sea, which is expected to produce more than 50,000 barrels of oil a day.
DXS International half-year results hit by investment costs
Tue 30 December 2014 11:51
Healthcare information group DXS International slipped into the red due to investment costs during the first half of the year.
Horizon Discovery wins $0.8m deal with molecular diagnostics company
Tue 30 December 2014 11:07
Pharmaceutical support services company Horizon Discovery said on Tuesday its diagnostics business unit had won its largest ever deal.
Provexis halves interim losses thanks to reduced Fruitflow costs
Tue 30 December 2014 10:10
Provexis, developer of anti-thrombotic product Fruitflow, decreased its losses during the first half of the year due to a reduction in production costs.
Next sees FY profits ahead of guidance but stays cautious on outlook
Tue 30 December 2014 07:32
Fashion retailer Next forecast annual profits slightly ahead of guidance and announced a new 50p special dividend, but said it remained cautious about 2015.
KAZ Minerals agrees better bank terms with China Dev Bank
Tue 30 December 2014 07:21
KAZ Minerals has negotiated new bank terms for $2.3bn of its bank debt, with interest rates cut 30 basis points and more flexibility to mitigate for exchange rate movements.
BG Group moves towards production on Brazilian oilfields
Tue 30 December 2014 07:18
Gas explorer BG Group has taken a step towards starting production from three oil and gas fields off the coast of Brazil.
Haydale shares boosted by the delivery of new reactors
Mon 29 December 2014 15:25
Haydale Graphene Industries has taken delivery of two new Rotovac plasma reactors, which are in the process of being commissioned.
IPSA anticipates early 2015 cash boost from Rurelec payment
Mon 29 December 2014 14:31
IPSA Group said it expects to receive the balance owed to it by Rurelec from the sale of Westinghouse Siemens gas turbines in early 2015.
Bombardier wins order for 42 commuter trains from France
Mon 29 December 2014 13:42
Canadian train and aircraft maker Bombardier has won a deal to supply 42 double-deck electric commuter trains to service the Paris suburbs.
Wetherspoon to create 1,500 jobs in the UK and Ireland
Mon 29 December 2014 12:05
Pub group JD Wetherspoon announced on Monday it will open 200 pubs in the next five years, which it said should create 1,500 new jobs in the UK and Ireland.
Quantum Pharma inks exclusive supply deal with Bestway
Mon 29 December 2014 11:54
Quantum Pharma has revealed that it has signed a three-year exclusive supply contract with Bestway Group.
Cape wins contract extension with EDF Energy
Mon 29 December 2014 11:40
Industrial services group Cape secured a five-year extension contract with EDF Energy for the supply of services to eight nuclear power stations in the UK.
Gresham Computing lands CTC contract in North America
Mon 29 December 2014 10:33
Gresham Computing has agreed a contract to supply its CTC financial control software to a client in North America, the company announced on Monday.
Capital & Regional takes step towards selling German property JV
Mon 29 December 2014 08:33
Shopping centre developer Capital & Regional (C&R) has exchanged contracts for the sale of its 50/50 German joint-venture with Ares Management to clients and funds under management of Rockspring Property Investment Managers.
Development Securities does deal to build homes in south-east London
Mon 29 December 2014 07:43
Property group Development Securities has agreed a deal to build homes on a site in south-east London.