Latest News
PetroNeft issues restriction notice to shareholder Natlata
A growing spat between PetroNeft Resources and shareholder Natlata Partners led to a restriction notice issued from the former to the latter on Tuesday.
Active Energy chairman steps down
Frank Lewis, chairman of Active Energy, is stepping down from the company’s board with immediate effect.
Smiths Group chief to leave Morgan Advanced Materials’ board
Andrew Reynolds-Smith, chief executive of engineering outfit Smiths Group, will step down from the board of ceramic materials manufacturer Morgan Advanced Materials after its annual general meeting on 6 May.
US trade deficit worsens in February
The US trade deficit worsened in February, rising from $45. 9bn to $47. 1bn, according to the Department of Commerce.
Panama Papers: Iceland PM requests dissolution of parliament
Icelandic Prime Minister Sigmundur Gunnlaugsson has requested a dissolution of parliament after allegations he concealed millions of dollars worth of investments in an offshore company, but it was turned down by the country's president.
BoE to re-examine capital requirements for banks after Brexit
The Bank of England will re-examine its capital requirements for banks after the referendum on Britain’s membership in the European Union on 23 June, the central bank revealed on Tuesday.
Wednesday preview: FOMC meeting minutes take centre stage
The Federal Reserve on Wednesday releases the minutes of last month’s meeting, providing more details behind the central bank’s decision to keep interest rates unchanged.
FTSE 100 movers: Mining stocks slide but housebuilders gain
London’s FTSE 100 index was down 1. 2% to 6,091. 00 at 1437 BST, after data indicated a slowdown in UK economic growth in the first quarter.
Markit's US services PMI better than expected
Markit’s final US business services purchasing managers' index rose to 51. 3 in March from 49. 7 in March and the 'flash' estimate of 51. 0, back above the 50. 0 mark that separates contraction from expansion.
Twitter becomes a broadcaster with NFL deal
Twitter staked its claim as a sports broadcaster on Tuesday, with reports it had won the rights to show Thursday night American football games online.
Metal Tiger looking to expand Spain operations
Metal Tiger reported positive test results from its Spanish joint venture operation on Tuesday, and announced it was embarking on a quest to buy into another project showing equally promising possibilities.
Sainsbury's restructuring puts 'hundreds of jobs at risk'
The creation of a new management role at supermarket chain Sainsbury’s could put hundreds of jobs at risk, according to Britain’s biggest trade union.
FTSE 250 movers: Weir weaker, Electrocomponents buzzing
The FTSE 250 was pulled lower by weaker resource sector stocks on Tuesday afternoon, with the mid-cap index down 0. 8% to 16,711. 68 at 1400 BST.
Results round-up
Specialist menswear retailer Moss Bros posted a rise in full year profit and sounded an upbeat note on current trading.
Herencia secures short-term funding as Next deal 'progresses well'
Herencia Resources has secured up to $0. 5m of emergency funding from two shareholders that could keep it running until June, by which time it hopes to have completed the sale of its Picachos project for up to $5. 13m to Next Minerals.
UK govt told must improve efforts to save steel industry
The British government was told on Tuesday the steel industry could collapse unless it made a more concerted effort to deal with the crisis that threatens to engulf the sector.
Sareum cancer drug candidate gets MHRA trial approval
Sareum Holdings was pressing ahead with one of its cancer drug programmes on Tuesday, having received approval from the Medicines and Healthcare products Regulatory Agency (MHRA) for the Clinical Trial Applications submitted for CHK1 inhibitor drug candidate CCT245737.
Paddy Power Betfair to cut 650 back office jobs
Newly merged bookmaker Paddy Power Betfair is planning to axe 650 back office jobs in the UK and Ireland.
London midday: Stocks decline after UK services PMI
London stocks declined after data indicated a slowdown in UK economic growth in the first quarter.