Latest News
G4S to sell controversial children's services division
Security firm G4S has decided to sell its UK Children’s Services division as part of an ongoing review of its businesses.
S&P places StanChart´s credit ratings under review with negative implications
Standard&Poor´s placed its outlook on Standard Chartered´s long-term credit rating under review for a possible one-notch downgrade on Friday, due to the heightened uncertainty around the lender´s competitive position, its ability to manage risks and recover its profitability over the next two to three years.
FTSE 100 movers: Burberry leads index on rating upgrade
The FTSE 100 was set to finish the week on a positive note, with the blue chip index up 73. 36 points (1. 22%) to 6,086. 17.
German CPI falls more than expected in February
German consumer prices were unchanged in February, dragged down by a large fall in energy prices.
US open: Stocks gain as US fourth quarter GDP revised higher
US stocks opened on the front foot on Friday as oil prices rebounded and fourth quarter economic growth data was unexpectedly revised higher.
UK challenger banks could compete for larger mortgage market share, Moody's says
UK challenger banks seem poised to compete with established players for larger a share of the country’s mortgage market, according to Moody’s.
Dow Chemical agrees to pay $835m to settle price-fixing case
Dow Chemical has agreed to pay $835m (£599m) to settle a lawsuit by customers who argued the company had fixed polyurethane prices between 1999 and 2003, although the group denied having done this.
Big rig heading for Sound Energy at Tendrara
Mediterranean-focused upstream gas company Sound Energy announced its National 110 UE traditional rig was on the move on Friday, ahead of the upcoming first well at its Tendrara licence area, onshore Morocco.
Goldman Sachs lowers target on StanChart, reiterates buy
Analysts at Goldman Sachs lowered their target price on shares of StanChart due to their concerns that revenue growth would be slower-than-expected.
Connemara Mining begins preliminary drilling at Inishowen
Connemara Mining began drilling with earnest on its gold licences at Inishowen, County Donegal in Ireland on Friday, with the company announcing the start of a preliminary drilling programme.
Anne Richards steps down from esure board
Anne Richards has stepped down from a non-executive role on insurer esure’s board, following her appointment as chief executive of M&G Investments.
US fourth quarter GDP unexpectedly revised higher
The second estimate of US economic growth in the fourth quarter was unexpectedly revised higher, the Commerce Department revealed on Friday.
UBS under investigation for tax fraud in Belgium
Swiss banking giant UBS is being investigated for money laundering and tax fraud in Belgium.
US pre-open: Markets to end week on a high
US futures were set to finish the week on a high, following cues from Asia and Europe.
Next Fifteen completes raft of earnings-enhancing transactions
Next Fifteen Communications completed a number of earnings-enhancing transactions on Friday, acquiring the remaining 25% minority interest in its research and advisory agency Morar Consulting, and settling in full the remaining obligation for the original purchase of 75% of Morar made on 3 December 2014.
Snoozebox non-exec chairman resigns
Snoozebox Holdings' non-executive chairman David Morrison has resigned from the company’s board, while Chris Errington, currently a non-executive Director, has taken up his position.
Friday newspaper share tips: RELX's 'boring reliability' a good reason to buy
“Boring reliability” is the main benefit to holding RELX shares, according to The Times’ Tempus.
S32 set to start building M&A warchest, Citi says
S32 management´s efforts to cut costs and ensure its assets were generating cash received an endorsement from analysts at Citi on Friday.
Results round-up
RBS has confirmed it made a £1. 98bn loss for 2015, down from a £3. 47bn loss the previous year.