Latest News
Cluff Natural Resources buys three North Sea oil licenses for 1 pound
Algy Cluff, the wily boss of Cluff Natural Resources (CLNR), has taken advantage of the oil price slump to sign an agreement to pay £1 to acquire a share of three North Sea licences that the company said offered the potential for 400m barrels of recoverable oil in the near-term.
Sports Direct says full year earnings will be at bottom of range
Sports Direct put out a statement clarifying that its earnings for the full year to the end of April will be at the bottom of the range announced back in January, after shares in the retailer tumbled on Tuesday following comments from founder Mike Ashley.
Android Pay finally on its way
After months of speculation, Google finally signalled its Android Pay product was on its way to the UK on Wednesday.
Supreme Court rejects Trinity Mirror appeal over hacking charges
The UK Supreme Court has rejected Trinity Mirror’s challenge to reduce the £1. 2m damages that were awarded to eight phone-hacking victims.
Results round-up
Full year adjusted pre-tax profits at home improvement retailer Kingfisher rose 0. 3% to £686m as revenues fell 2. 6% to £10. 3bn.
Asia report: Markets quiet after Brussels attacks
All was quiet on the Asian front on Wednesday, with trading quiet and stocks mostly lower, but showing resilience in the wake of the Brussels attacks.
Paddy Power Betfair COO McCue to step down
Paddy Power Betfair announced that chief operating officer Andy McCue will leave the company and cease to be a director with effect from 30 April.
Cenkos Securities full year profit and revenue decline
AIM-listed stockbroker Cenkos Securities reported a drop in full year profit as revenue declined and the dividend was cut.
Lloyd's of London 2015 profit slumps 30%
Insurance market Lloyd’s of London posted a 30% drop in 2015 profit as investment returns fell and chairman John Nelson said contingency plans were being made for Brexit.
Premier Foods spurns spicy McCormick bid, proposes noodle tie-up
Shares in Premier Foods rose 44% to just shy of a year's high as it revealed it had rejected a takeover approach from US herbs and spices giant McCormick & Company and instead proposed a tie-up with Japanese noodle group Nissan Foods.
Europe open: Stocks on the front foot; Credit Suisse up on cost-cutting plans
European stocks rose in early trade, with Credit Suisse among the gainers as investors welcomed the bank’s latest cost-cutting efforts.
Credit Suisse accelerates cost and job cuts
Credit Suisse has announced plans to cut 2,000 jobs in its global markets business and ramp up its cost cuts as it combats low interest rates and oil prices and a slowdown in China.
London open: Stocks rebound after Brussels terrorist attacks
London stocks rebounded on Wednesday from declines in the previous session when terrorist attacks in Brussels rocked the market.
St Modwen says business continues to perform well
Property regeneration group St Modwen said its business continues to perform well, supported by its extensive regional development portfolio and income producing assets.
Sky invests in new TV production company
Sky has taken a minority stake in Sugar Films, a new independent production company founded by a group of senior television professionals, alongside Discovery Channel president Mark Hollinger, who has also invested in the company and will become chairman.
DFS first half earnings rise, dividend lifted
DFS Furniture reported a 12. 3% rise in first half core earnings as sales grew and the retailer hiked its dividend.
Kier Group awarded East Midlands highways contract
Another Highways England contract went Kier Group’s way on Wednesday, with the firm being selected by the government-owned roads operator as the preferred supplier for design services in 'Area 7', covering the East Midlands.
HomeServe sees FY results in line with expectations
International home emergency business HomeServe said trading in the final quarter had been as forecast and full year results were expected to be in line with expectations.
Phoenix Group hits cash generation target, misses on profit
Britain’s largest closed-life fund consolidator Phoenix Group Holdings said on Wednesday that profits declined in 2015, though it did meet its cash generation target for the year.
Wizz Air flying through strong fourth quarter
Low-cost carrier Wizz Air was eyeing up a solid end to the financial year on Wednesday, with the Hungarian company claiming the strong performance seen in the first nine months had continued into the final quarter.