Latest News
IndigoVision nabs Chris Lea from Superglass
Chris Lea was revealed to be jumping from one AIM ship to another on Monday, being appointed to the role of chief financial officer at video security firm IndigoVision, succeeding Holly McComb, who was leaving to pursue “other interests” after nine years.
Starwood Hotels accepts sweetened offer from Marriott
Starwood Hotels & Resorts has agreed to a revised bid from Marriott International at $79. 53 per share or $13. 6bn, which trumps the $13. 2bn offered by a consortium led by China’s Anbang Insurance Group.
Tata could make Port Talbot decision within a week
The future of the Port Talbot steelworks in south Wales was hanging in the balance on Monday, with speculation that the board of Tata Steel could decide to close some, or all of its operations within a week.
FTSE 250 movers: Synthomer gains on acquisition; Halfords and N Brown slump
London’s FTSE 250 index was down 0. 1% to 16,875. 75 at 1445 GMT as investors digested a survey on UK manufacturing showing continued weakness in the sector.
Halfords and N Brown sink as UBS turns cautious on UK general retail
Halfords and N Brown were under the cosh after UBS downgraded its stance on both stocks as it took a more cautious view on the UK general retail sector over the next 12 months.
Angle closer to using cassette tech for prostate cancer detection
There was praise for the progress made by Angle on Monday, in its quest to see one of its existing products used as a diagnostic tool for prostate cancer.
US existing home sales fall more than expected in February
Sales of existing US homes fell 7. 1% to a seasonally-adjusted rate of 5. 08m in February, hitting their lowest level since November, according to data from the National Association of Realtors.
Valeant Pharmaceuticals chief to step down, shares bounce
Shares in beleaguered drugs giant Valeant Pharmaceuticals were halted after the company announced its chief J. Michael Pearson would be stepping down after an internal committee found the company had misstated its financial statements for 2014 and the first three months of 2015.
Results round-up
A weaker gold price hit full year profits at miner Centamin, which fell to $58. 4m from from $81. 5m despite a jump in revenue to $508. 4m from $472m.
Sports Direct boss Ashley refuse to face parliamentary questions
Sports Direct boss Mike Ashley has confirmed that he will refuse to attend questioning from a parliamentary business committee, despite being threatened with a charge of contempt of parliament.
Sky CFO Griffith to take on wider role
Sky has announced that chief finance officer Andrew Griffith's role has been expanded to also include that of group chief operating officer.
Cantor doubles Ferrexpo target price to 79p
Cantor Fitzgerald has doubled its target price for Ferrexpo, after recent results from the iron ore pellet producer beat market consensus and the company became the lowest-cost pellet producer in the world.
Goldman Sachs sticks to call for three 2016 Fed rate hikes, calls ECB action "misfire"
The 'dovish' shift in the US central bank´s policy stance after its 15-16 March meeting was a "surprise", but it would only temporarily arrest strength in the dollar, Goldman Sachs said.
Chemring first quarter misses expectations
Defence company Chemring said on Monday that trading in the first quarter of this year was below management’s expectations due to a lower margin sales mix and customer acceptance delays.
Sony deal paves way for SoundCloud subscription service
Struggling music streaming site SoundCloud announced the resolution of its spat with Sony Music on Monday, paving the way for the firm to offer a subscription service.
JP Morgan prefers StanChart to HSBC
Shares in StanChart were offering close twice the value of those in HSBC, JP Morgan said, leading it to recommend them to clients over those in rival HSBC.
Broker tips: Tullow Oil, Sainsbury's, Shire
Jefferies downgraded Tullow Oil to ‘underperform’ from ‘hold’ with an unchanged price target of 166p.
Shire rallies as Exane says it's just too cheap
Pharmaceuticals group Shire was the standout gainer on the FTSE 100 on Monday as Exane BNP Paribas said the stock looked too cheap.
LPA Group's gallop continues thanks to LED lighting demand
Transport components specialist LPA Group has assured investors that the strong "gallop" at which it entered the new year has shown no sign of letting up, with a new contract announced in Qatar.
Market overview: JP Morgan prefers StanChart to HSBC
1216: Analysts at JP Morgan have reiterated their preference for StanChart shares over those of HSBC. Positive news-flow relating to a key exposure in India reinforced the broker´s view that asset quality pressures peaked in 2015. Lloyds continued to be its top-pick among UK banks, it said.