Latest News
Morrison's launches new pricing campaign
Morrisons has begun to roll out a new grocery pricing and marketing campaign called Price Crunch as part of the long-term realignment as a "value" supermarket.
Nomura upgrades Premier Oil to 'buy'
Nomura upgraded Premier Oil to ‘buy’ from ‘neutral’ and lifted the price target to 80p from 75p, saying the E. ON acquisition is value accretive and the stock is "one for the oil bulls".
Smurfit steps down from Powerflute board
Dermot Smurfit stepped down as a director at Powerflute Oyj on Monday, to concentrate on his executive activities elsewhere.
HSBC imposes hiring and pay freeze
HSBC froze pay and hiring at its consumer and investment banking units as part of its plans to cut as much as $5bn from its cost base by the end of 2017, Bloomberg reported citing a spokesperson for the lender.
Barclays bids for broker TD Direct, reports say
Barclays has made an offer to acquire retail stockbroker TD Direct Investing, according to reports.
London open: Stocks decline on weak Chinese data, falling oil prices
The FTSE 100 opened lower on Monday after disappointing Chinese manufacturing data and a continued slump in oil prices.
UK lending to individuals slowed in December
The rate of growth in money supply in the UK slowed at the end of last year but some economists were sanguine that corporations, especially larger ones, retained access to financing if needed, the same as individuals.
Mosman Oil and Gas pulls out of deal with Origin Energy
Mosman Oil and Gas has pulled out of a deal to buy the South Taranaki Energy Project (STEP) in New Zealand from Origin Energy amid weakening oil prices.
UBS initiates coverage of Domino's and Just Eat at neutral and sell
UBS has initiated coverage of Domino’s Pizza at ‘neutral’ with a target price of 975p and Just Eat at ‘sell’ with a target price of 330p.
Shell sells stake in Malaysian refining unit
Royal Dutch Shell has agreed to sell the 51% stake in its Malaysian refining unit to Malaysian Hengyuan International for $66. 3m (£46. 4m).
Vianet finalises sale of fuel solutions business
Vianet Group completed one of its larger sell-offs over the weekend, disposing of Vianet Fuel Solutions (VFS) to buyer Wayne Fueling Systems.
Johnson Service acquires hotel laundry business Zip Textiles
Johnson Service has acquired hotel laundry services specialist Zip Textiles for £15m cash, on a debt-free, cash-free basis.
OPG Power site in Gujarat fully operational
OPG Power was celebrating on Monday, with the news that the second half of its Gujarat power plant had begun operations over the weekend.
Real Good Food warns on profits
As it reorganises under its new 'three pillars' strategy, Real Good Food has warned that profits will be short of market expectations.
Crossrider expects only modest improvement in 2016
Crossrider shares were under pressure after the digital advertising platform said it expects 2016 results to be only modestly ahead of the previous year and announced the resignation of its chief executive officer.
Saudi Arabia made no new proposal to Russia, report claims
Saudi Arabia was not the source of the 5% crude oil output cut referenced by Russia´s energy minister last week, al-Arabiya television said on 31 January citing an unnamed Saudi source, Reuters reported.
SpaceandPeople signs promotional space deal with British Land
SpanceandPeople has signed a multi-year contract with British Land.
UK manufacturing growth accelerates in January, beats views
UK manufacturing growth accelerated at the start of the year, figures released on Monday showed.
M&G Investments poaches Aberdeen's Richards as new chief executive
Prudential has wooed Aberdeen Asset Management’s chief investment officer Anne Richards to take over leading M&G Investments.
Eurozone manufacturing growth slows in January
Growth in the Eurozone manufacturing sector slowed at the start of the year, figures released on Monday showed.