Latest News
Paragon Entertainment reveals John Dobson as new COO
Attractions design, production and fit-out company Paragon Entertainment announced the appointment of John Dobson to the post of chief operating officer on Monday, with the expectation he will join the board of directors in due course.
Lidco inks US distribution deal with ICU Medical
LiDCO has inked a distribution agreement with partner ICU Medical to sell the LiDCO IM non-invasive hemodynamic monitoring system in the US.
US housebuilder sentiment remains unchanged in May, NAHB reveals
Housebuilder sentiment in the US was unchanged in May for the fourth consecutive month, according to the National Association of Home Builders on Monday.
Mitsubishi Motors's debt rating cut by S&P Global
Mitsubishi Motors Corp’s long-term corporate credit rating has been cut by two notches to ‘BB-‘ to by S&P Global Ratings, which cited the Japanese automakers’ falsification of fuel-consumption data.
Anglo American advances on BofA Merrill Lynch's double upgrade
Bank of America Merrill Lynch double-upgraded Anglo American to 'buy' from 'underperform' on improved confidence in management's downsizing plan.
Broker tips: HSBC, British Land, Crest Nicholson
Shore Capital reiterated its only 'buy' rating in the housebuilding sector on Crest Nicholson as the company released a half-year trading update.
FTSE 250 movers: Steelmakers surge while Drax Power fizzles
The FTSE 250 was eking out an afternoon in the green on Monday, reversing losses seen earlier in the session after disappointing data from China weighed on concern about the world's second-largest economy.
FTSE 100 movers: Anglo leads and British Land plays catch up
The FTSE 100 had crawled to positive territory with around an hour left of Monday's session, helped by a positive start across the Atlantic.
Microgen acquires Infoscreen (Cyprus) Ltd
Microgen's financial systems business has acquired Infoscreen of Cyprus for €1. 8m, its fourth deal in the trust and fund administration sector since December 2014.
NY Fed manufacturing index drops sharply in May
A widely-followed measure of manufacturing conditions Stateside registered an unexpected slide in May.
TT Electronics improves debt terms with new bank facility
TT Electronics has replaced its bank debt with a larger revolving facility on more relaxed terms.
KEFI says Ethiopia to invest $20m for equity in Tulu Kapi Gold Project
KEFI Minerals said the Government of Ethiopia has formally committed to invest $20m for equity in the Tulu Kapi Gold Project. The money would go to roads, power and certain other associated infrastructure required by the project.
Union Jack Oil looks to Wressle production in second half
Union Jack Oil said the Wressle oil and gas discovery in Lincolnshire is moving closer to development with a view to beginning commercial production in the second half.
Carclo to shutter diagnostics solutions division
Technical plastics firm Carclo announced its intention to shutter the Carclo Diagnostics Solutions division on Monday, after a brief review of the business’s future prospects.
There are good arguments in support of a June rate hike, Fed's Lacker says
There were “good arguments” for the US central bank to raise interest rates at its next policy meeting in June, a top official said.
Palm oil giant REA Holdings selling stake in Borneo operation
Palm oil company REA Holdings announced on Monday that is had reached a conditional agreement with PT Dharma Satya Nusantara (DSN), in which DSN subsidiary PT Swakarsa Sinarsentosa (SWA) will acquire 15% of REA’s principal operating subsidiary in Indonesia, PT REA Kaltim Plantations (REA Kaltim).
Baron Oil partner starts drilling at Woodburn, County Antrim
InfraStrata has begun drilling the Woodburn Forest-1 well in County Antrim, with Baron Oil owning a 10% interest of Northern Ireland Petroleum Licence PL1/10, in which the well sits.
Lonmin reduces H1 loss, advances business plan delivery
South African miner Lonmin has flagged significant progress in the delivery of its business plan as it posted a much-reduced H1 pretax loss of $21m, from a loss of $118m.
Dividend cut at HSBC would only make sense under one scenario, Berenberg says
HSBC had shown it had a tight grip on costs over the last two quarters and with management as focused as ever on risks the dividend was sustainable, Berenberg said.
Results round-up
Full year underlying profits at British Land rose to £363m from £313m driven by successful leasing activity and lower financing costs, while net asset value jumped to 919p from 829p.