Latest News
Acacia Mining hedges high-cost Buzwagi gold mine
Acacia Mining has hedged the gold price it will sell most of the output from its short life Buzwagi mine with a floor price agreement.
London midday: Stocks slide after weak earnings from StanChart and BHP
London stocks were in the red on Tuesday with Standard Chartered and BHP Billiton the biggest fallers on the FTSE 100 after disappointing earnings.
Sell-off in banks has been overdone, Credit Suisse says
The recent 'sell-off' in the banking sector had been overdone, with high-yield spreads pricing in about a 70% possibility of a recession, which was too much, Credit Suisse said in a research report sent to clients.
RBC upgrades WS Atkins on medium-term outlook
RBC Capital Markets has upgraded WS Atkins from ‘sector perform’ to ‘outperform’ on its medium-term outlook, but reduced its target price from 1,550p to 1,400p.
Asia report: Most markets follow drop in oil on Tuesday
The global rally came to a roadblock in Asia on Tuesday, as oil prices fizzled from their US highs overnight and most markets in the region finished in the red.
Investec initiates coverage of Just Eat with 'buy' rating
Just Eat’s shares rose on Tuesday after Investec initiated its coverage of the stock with a ‘buy’ rating.
Morgan Advanced Materials reorganises amid industrial slowdown
Morgan Advanced Materials impressed with its plans for a "new vision and direction" after final results showed sales slowed down sharply in the second half in the US.
Croda International proposes special dividend following strong results
Croda International has seen record reported sales for the year to 31 December 2015, which is prompting the company to return large dividends to its shareholders.
Genus reports 4% dip in half year pre-tax profit
Animal genetics company Genus on Tuesday reported a 4% drop in half year adjusted pre-tax profit to £23. 8m as revenues declined.
Sainsbury's wins 18 March Home Retail bid extension
Sainsbury’s has been given until 18 March to improve or call off its bid for Argos owner Home Retail Group, after Frankfurt-listed giant Steinhoff International gatecrashed the party.
Spectris completes acquisition of Switzerland-based company
Spectris, which focuses on productivity-enhancing instruments and controls, has completed the acquisition of privately-owned CAS Clean Air Service for an undisclosed sum.
Meggitt's 2015 profit nudges up despite challenging year
Meggitt posted a small rise in 2015 pre-tax profit and lifted its dividend despite what it referred to as a challenging year.
Europe open: Resource, energy stocks under pressure as oil price slides
European stocks fell in early trade following strong gains in the previous session, with basic resources and energy issues pacing the decline as oil futures retreated.
London open: Standard Chartered and BHP Billiton lead equities lower
UK stocks fell on Tuesday, led by declines in Standard Chartered and BHP Billiton following weak financials from both.
German business sentiment continues to wane, IFO index shows
German business sentiment continued to weaken in February, with the IFO Business Climate index falling to 105. 7, down from the previous month and below expectations.
No dividend as Standard Chartered reports billion pound loss
Standard Chartered reported on a woeful year on Tuesday, with the company completely destroying 2014's $5. 2bn profit before tax, with a $1. 5bn loss.
InterContinental Hotels plans special dividend and organic growth focus
As it announced a robust set final results, InterContinental Hotels Group will return $1. 5bn to shareholders via a special dividend and share consolidation.
Removal of subsidies takes TRIG earnings down
Number 11 Downing Street had a direct effect on earnings at The Renewables Infrastructure Group (TRIG) in the year to 31 December 2015, though the firm's investment strategy saw its total assets continue to rise.
Ladbrokes' revenue grows but profit takes a hit
Ladbrokes saw 3% growth in revenue for 2015, but profit before tax took a hit as the company delivers its growth strategy.
Unite Group profit up 250%
More beds and more students paid off for the Unite Group in 2015, with the company reporting some seriously good growth in the year to 31 December 2015 on Tuesday.